NCL Industries Ltd

Disclosure details

• Target: NCL Industries Limited.
• Disclosing party: Promoter/Promoter group; acquisition through open market.
• Transaction type: Acquisition of shares.
• Mode: Open market.
• Filing date: 24 August 2026.

Financial performance

• Standalone revenue from operations: ₹1,42,208.44 lakh; up 4.4% YoY.
• Standalone EBITDA: ₹221.93 crore; margin 15.6%.
• Standalone continuing PAT: ₹123.65 crore; total year PAT ₹95.29 crore.
• Consolidated revenue: ₹1,453.66 crore; EBITDA: ₹221.57 crore; PAT: ₹95.39 crore.
• Cement division revenue ₹1,500.08 crore; segment PBIT ₹129.88 crore.
• Cement capacity expanded to 4.00 MTPA after Vizag unit; total capacity.
• Vizag grinding unit capacity 0.66 MTPA commissioned Nov 2025.
• New 130 MW solar-wind hybrid project planned; Phase I 50 MW by 2028; ₹919 crore.
• Dividend per share for FY26: ₹3.50 (₹2.00 final + ₹1.50 interim).
• EPS Standalone ₹21.07; Consolidated EPS ₹21.09.

Operational highlights & capacity expansion

• Cement capacity expanded from 3.30 to 4.00 MTPA with Vizag unit.
• Polavaram cement support: cement dispatches; brand reach strengthened.
• Bison Panel Boards: steady demand; installed capacity 90,000 MT across 3 plants.
• RMC operations: 10 plants; growth supported by urban construction.
• 130 MW Solar-Wind Hybrid project at Kuppanpuram; Phase I targeted 50 MW by 2028.

Capital structure & liquidity

• Total borrowings: ₹23,656.83 lakh; net debt ₹23,325.82 lakh; gearing 24.81%.
• Cash and cash equivalents: ₹316.04 lakh; additional bank balances ₹681.89 lakh.
• Consolidated ROE: 10.61%; current ratio: 1.60x.

Strategic developments and renewable energy

• Discontinued Doors division to sharpen focus on core businesses.
• 130 MW solar-wind hybrid project to reduce power costs and carbon intensity.
• Renewables integrated with 15.75 MW hydel; 8 MW WHR; 12.54 MW solar in mix.

Subsidiaries & joint ventures

• Tern Distilleries Private Limited; 100% subsidiary; Vizag grinding unit commissioned.
• Vishwamber Cements Limited; acquired for mining lease; evaluating amalgamation.
• NCL Buildtek & NCL Industries JV; impairment ₹4.14 crore; 50:50 JV; APSHCL order value ₹1,863 crore.

Dividends & capital allocation

• Final dividend ₹2.00 per share; interim ₹1.50; total ₹3.50 per share for FY26.
• Record date 11 Sept 2026; payment by 17 Oct 2026; listing fees paid.

Governance & risk

• Seven board meetings held; independent directors actively participate.
• Auditors M Bhaskara Rao & Co; unqualified opinion; no material qualifications.
• Secretarial audit noted procedural delays; fines paid under protest; controls strengthened.
• Risk management committee with independent chair; periodic risk reviews.

CSR & ESG disclosures

• CSR outlay ₹5.07 crore; expenditure ₹5.07 crore; set-off ₹3.18 crore available.
• CSR assets: 1.67 acres land acquired; 1.92 km road built; transfer to Gram Panchayat pending.

Outlook and risks

• Industry outlook: cement demand to grow in mid-to-high single digits.
• Inputs (coal, petcoke) cost volatility; capacity additions affecting realisations.
• Renewables integration expected to reduce power costs and carbon footprint.

Transaction details

• NCL Industries Ltd: Kakatiya Industies Private Ltd promoter group acquires 5,003 shares; pre 635,264; post 640,267.

Loss of certificate

• Loss of share certificate reported; duplicate issuance pending per RTA.
• Information received from RTA regarding loss; details to be confirmed.

Acquisition details

• Target: NCL Industries Limited; acquirer Kalidindi Ravi (Promoter Group).
• Transaction type: acquisition of voting rights via open market.
• Pre-transaction holding: 3,259,973 shares (7.20%).
• Acquired: 2,950 shares (0.01%).
• Post-transaction holding: 3,262,923 shares (7.21%).
• Date: 18-08-2026.
• Capital before: Rs.45,23,27,900 (4,52,32,790 shares).
• Capital after: Rs.45,23,27,900 (4,52,32,790 shares).
• Total diluted capital after: not disclosed.

Transaction summary

• Target Company is NCL Industries Limited.
• Disclosing Party is Kalidindi Ravi, Promoter Group.
• Transaction Type: Acquisition of 570 shares via open market.
• Pre-Transaction Holding was 3,259,403 shares (7.20%).
• Transaction Details: 570 shares acquired through open market on 14-08-2026.
• Post-Transaction Holding was 3,259,973 shares (7.20%).
• Date of Transaction: 14-08-2026.
• Share Capital Context: before and after Rs 45,23,27,900 for 4,52,32,790 shares.

Acquisition by promoter

• Target Company: NCL Industries Limited.
• Disclosing Party: Kalidindi Ravi, promoter group.
• Transaction Type: Acquisition of shares.
• Pre-Transaction Holding: 3,257,705 shares (7.20%).
• Transaction Details: 1,698 shares acquired via open market.
• Post-Transaction Holding: 3,259,403 shares (7.20%).
• Date(s) of Transaction: 13-08-2026.
• Equity share capital before: Rs.45,23,27,900 (4,52,32,790 shares).
• Equity share capital after: Rs.45,23,27,900 (4,52,32,790 shares).
• Total diluted share capital after acquisition: Not disclosed.
• Encumbrances: None.

Loss/Duplicate Certificate Intimation

• Loss of share certificate information received from RTA; details not included in excerpt.

Kalidindi Ravi (Promoter Group) – Open market

• Open market acquisition: Before 3,250,311 voting rights (7.19%), acquired 7,394 (0.01%), after 3,257,705 (7.20%); capital Rs.45,23,27,900, 4,52,32,790 shares.

Kakatiya Industries Private Ltd (Promoter Group) – Open market

• Open market acquisition: Before 633,764 voting rights (1.40%), acquired 1,500 (0.00%), after 635,264 (1.40%); capital Rs.45,23,27,900, 4,52,32,790 shares.

Vikram Chemicals Private Ltd (Promoter Group) – Open market

• Open market acquisition: Before 17,411 voting rights (0.04%), acquired 200 (0.00%), after 17,611 (0.04%); capital Rs.45,23,27,900, 4,52,32,790 shares.

Kalidindi Ravi — acquisition

• Acquirer: Kalidindi Ravi (Promoter Group) acquired 79,419 shares in NCL Industries Limited via open market.
• Pre-transaction holding: 3,170,892 shares (7.01%).
• Post-transaction holding: 3,250,311 shares (7.19%).
• Dates: 10/08/2026 and 11/08/2026; equity capital: Rs.45,23,27,900 (4,52,32,790 shares).

Kakatiya Industries Private Ltd — acquisition

• Acquirer: Kakatiya Industries Private Ltd (Promoter Group) acquired 7,261 shares in NCL Industries Limited via open market.
• Pre-transaction holding: 626,503 shares (1.39%).
• Post-transaction holding: 633,764 shares (1.40%).
• Dates: 10/08/2026 and 11/08/2026; equity capital: Rs.45,23,27,900 (4,52,32,790 shares).

Vikram Chemicals Private Ltd — acquisition

• Acquirer: Vikram Chemicals Private Ltd (Promoter Group) acquired 3,800 shares in NCL Industries Limited via open market.
• Pre-transaction holding: 13,611 shares (0.03%).
• Post-transaction holding: 17,411 shares (0.04%).
• Dates: 10/08/2026 and 11/08/2026; equity capital: Rs.45,23,27,900 (4,52,32,790 shares).