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Andhra Cements Share Price

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NSEBSE

88.950.60 (0.68%)

12:14 PM,18th Apr 2024

88.760.75 (0.85%)

12:25 PM,18th Apr 2024

BSE : 532141

NSE : ACL

Sector : Industrials

ISIN Code : INE666E01020

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Last Updated: Apr 18 2024 | 12:25 PM IST

Market Cap (₹ Cr)

819

Turnover (₹ Cr)

0.02

Volume (Shares)

23834

Face Value

10

52-WK High

158.25

52-WK High Date

05 Jun 2023

52-WK Low

54.90

52-WK Low Date

10 May 2023

All Time High

158.25

All Time High Date

05 Jun 2023

All Time Low

1.45

All Time Low Date

16 Mar 2020

Andhra Cements Ltd

Andhra Cement Limited (formerly Andhra Cement Company Limited ) incorporated in Dec.'36 was promoted and owned by the Sadu Jain Group. It manufactures and markets cement under the Durga Prasad trade name. The Company is engaged in the manufacturing and selling of Cement and Cement related products.The Company's first unit was commissioned in Vijayawada in 1940. Later it was extended in three stages in 1951 1958 and 1970. By 1987 total capacity reached 2.4 lac tpa of cement. The company possesses mining leases over about 300 acres in Gammalapadu.In 1988-89 overall production of clinker as well as cement increased. But in 1989-90 there was a sharp decline in clinker and cement production due to the erratic and sometimes total lack of supply of coal scarcity of working capital continuous power cuts etc. In 1990-91 production increased significantly (72%) despite power cuts the shortage of fuel and severe paucity of funds. The Vizag Cement Works commenced production in Nov.'79. The company obtained a letter of intent to produce 2.5 lac tpa of cement at the Durga Cement Works Nadikude. Work on the new cement project at Durgapuram is in progress. The crusher was commissioned in Mar.'83 and the cement mill in Jun.'83.The company had an investment programme of Rs 63 cr including modernisation of the Vijayawada and Vizag units to increase the licensed capacity from 7.4 lac tpa to 12.4 lac tpa financed through term loans from financial institutions and banks. BIFR has sanctioned a scheme for rehabilitation in June 1994. The Scheme estimated at Rs.79.81 crore envisaged change of management in favour of Duncan Agro Inds. now known as Duncan Industries Ltd belonging to the G P Goenka Group(also known as Duncan Goenka Group). In the year 1997-98 the Duncan Goenka group of companies have brought Rs. 52.61 crs. under the BIFR scheme. A revised rehabilitation scheme has been prepared and submitted for consideration with the directions of Hon'ble BIFR.The total production of Cement during the year is 6.58 lac MT when compared to previous year of 6.28 lac MT an increase of 5%.The company for its Vizag Plant achieved ISO 9002 certification in December 2000.During the period 2011-12 the Company got into a Share Subscription and Share Purchase Agreement (SSSPA) on 15th November 2011 with Jaypee Development Corporation Limited (JDCL) a wholly owned subsidiary of Jaypee Infra Ventures ( A Private Company with Unlimited Liability) the companies belonging to Jaypee Group. Accordingly an Open Offer was made by JDCL to the existing shareholders to acquire upto 76315328 Equity Shares of the Company representing 26% of the expanded paid up Equity Capital of the Company which was opened from 25th January 2012 to 8th February 2012. Thus during 2011-12 JDCL acquired 147500000 Equity Shares of the Company by way of Preferential Issue purchased of 21722336 Equity Shares from erstwhile Promoters and 6306856 Equity Shares through Open Offer. Consequently as on 31st March 2012 the shareholding of JDCL in the Company stood at 175529192 Equity Shares constituting 59.80% of the expanded capital base. With the acquisition of the above shares JDCL acquired managing control over the Company and was classified as Promoter effective 10th February 2012. Accordingly Andhra Cements Limited became a subsidiary of Jaypee Development Corporation Limited and in turn a subsidiary of Jaypee Infra Ventures thus becoming part of the Jaypee Group.The 30MW Captive Power Plant (CPP) commissioned in Sep' 15. The Company's both the plants viz Durga Cement Works (DCW) and Visaka Cement Works (VCW) were operational and produced Clinker and Cement in 2017-18. The Company sold its surplus and un-utilised land situated at Jayanthipuram Village (AP) and as a result Visakha Cement Works (VCW) was operated till July2018.The Hon'ble NCLT Amaravati Bench vide its Order dated 16 February 2023 approved the Resolution Plan submitted by the Resolution Applicant Sagar Cements Limited. The Resolution Applicant Sagar Cements Limited upon successful implementation of the Resolution Plan took over the control of the Management and Ownership of the Company and by virtue of whichthe Company became subsidiary of Sagar Cements Limited.During year 2022-23 the Company recommenced Grinding Plant Operations from 12th April 2023 at its Durga Cement Works.

Andhra Cements Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

819

EPS - TTM (₹) [S]

9.63

P/E Ratio (X) [S]

2.43

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]36.54
P/B Ratio (₹) [S]2.43
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

88.50

90.90

Week Low/High

84.00

93.00

Month Low/High

77.00

96.00

Year Low/High

54.90

158.00

All time Low/High

1.50

158.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.17%-2.15%-2.15-2.03%
1 Month2.92%2.60%0.931.07%
3 Month-29.21%-28.67%3.153.87%
6 Month-8.92%-9.00%11.4613.32%
1 Year%%22.9426.23%
3 Year1517.27%1532.11%50.3752.50%

Company Info

Company Information

General Manager & CS : G Tirupathi Rao

Independent Director : V H Ramakrishnan

Chairman & Independent Directo : K V Vishnu Raju

Independent Director : Rekha Onteddu

Managing Director : S Anand Reddy

Independent Director : R Ravichandran

Director : S Sreekanth Reddy

Director : S Rachana

Registered Office: Durga Cement Works, Sri Durgapuram Dachepalli,Guntur,Andhra Pradesh-522414 Ph: 91-8649-257413

Email:investorcell@andhracements.com

URL:http://www.andhracements.com