Manufactures and sells cement, with operations centred in Northeast India, evidenced by filings in the Assamese-language newspaper Dainandin Barta and a Meghalaya-based mining subsidiary. The single operating segment is cement; a small unallocated line covers residual items. FY26 revenue was ₹212.17 crore at an EBITDA margin of 5.8%. The business carries five wholly-owned subsidiaries — Meghalaya Minerals and Mines (mining), Badarpur Energy, Mustoh Cement, Valley Strong Cement, and Cement International — though several have stalled or not yet commenced operations, drawing going-concern notes from the statutory auditors. Materials at 35.7% of revenue form the largest input cost, followed by other operating expenses at 47.9% and employees at 11.1%. FY26 consolidated net profit dropped to ₹29.37 lakh from ₹279.41 lakh in FY25, weighed by ₹465.80 lakh of subsidiary losses, while standalone net profit was ₹495.72 lakh. The promoters are also linked to LKC Industries and Infra, from which an inter-corporate loan of up to ₹2.65 crore was drawn in May 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cement, Unallocated. Small, regional cement manufacturer with holding-company-style subsidiary structure
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 176 | 183 | 234 | 208 | 212 |
| EBITDA (ex other income) | 12 | 23 | 24 | 20 | 11 |
| margin % | 6.7 | 12.7 | 10.3 | 9.4 | 5.1 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | (2.04) | 2.35 | 3.27 | 2.33 | 0.13 |
| ROE % · ROCE % | (4.2) · 5.3 | 4.6 · 11.4 | 6.0 · 12.8 | 4.1 · 9.5 | 0.2 · 4.9 |
| Debt / equity (x) | 0.72 | 0.54 | 0.40 | 0.26 | 0.23 |
| Cash from operations | (5) | 25 | 16 | 12 | 11 |
| Capex | (4) | (0) | (3) | (3) | (3) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 42 | 55 | 58 | 58 | 47 | 48 | 60 | 61 |
| Profit before tax | (0) | 3 | 2 | 2 | 0 | (2) | 2 | 4 |
| Net profit | (1) | 1 | 1 | 1 | (0) | (2) | 1 | 3 |
| EPS (₹) | (0.24) | 0.61 | 0.53 | 0.60 | (0.08) | (1.04) | 0.66 | 1.38 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ULTRATECH CEMENT LIMITED | 3,24,148 | 37.9 | 4.02 | 19.9 | 10.1 | 10.2 | 14.6 | 20.8 |
| GRASIM INDUSTRIES LTD | 2,23,350 | 39.1 | 1.31 | 17.4 | 6.1 | 3.2 | 18.1 | 16.6 |
| AMBUJA CEMENTS LTD | 97,375 | 22.1 | 1.36 | 13.7 | 7.8 | 4.3 | — | 18.3 |
| SHREE CEMENT LIMITED | 81,433 | 50.0 | 3.49 | 15.7 | 7.5 | 9.4 | 9.2 | 23.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · AGM Notice Published for 27th AGM on September 29, 2026 | compliance | minimal | — | — |
| 3 Sept 2026 · Barak Valley Cements 27th AGM on Sep 29 - MD re-appointment and RPTs on agenda | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · 27th AGM on Sep 29, 2026; MD re-appointment and related party deals on agenda | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board approves revised notice for 27th AGM on September 29, 2026 | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Barak Valley Cements Q1 results, MD re-appointed, internal auditor named | management changes | medium | — | — |
| 13 Aug 2026 · Barak Valley Cements fixes Sep 22 as record date for 27th AGM | board shareholder meetings | low | — | — |
| 13 Aug 2026 · 27th AGM on Sept 29, 2026; record date Sept 22, book closure Sept 23-29 | board shareholder meetings | low | — | — |
| 13 Aug 2026 · 27th AGM on September 29, 2026; book closure September 23-29 | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Q1 FY27 results, director re-appointments and AGM notice approved | management changes | medium | — | — |
| 13 Aug 2026 · BVCL Q1 FY27 results: PAT up, revenue down; MD re-appointed | results | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| JK CEMENT LIMITED |
| 37,445 |
| 39.6 |
| 5.28 |
| 17.2 |
| 13.9 |
| 10.3 |
| 15.7 |
| 17.0 |
| DALMIA BHARAT LIMITED | 33,326 | 35.2 | 1.84 | 12.2 | 6.4 | 5.2 | 7.1 | 19.6 |
| ACC LIMITED | 23,444 | 12.3 | 1.14 | 6.8 | 10.4 | 9.9 | — | 8.4 |
| THE RAMCO CEMENTS LIMITED | 20,521 | 31.8 | 2.54 | 11.9 | 8.6 | 7.1 | 11.3 | 14.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 45.5 | 24.6 | 27 of 35 | 24% |
| P/B | 0.7 | 1.5 | 3 of 34 | 94% |
| ROCE | 1.9 | 3.7 | 23 of 37 | 39% |
| ROE | 0.2 | 7.7 | 30 of 38 | 22% |
| Debt / Equity | 0.2 | 0.4 | 15 of 38 | 62% |
| EBITDA margin | 10.2 | 13.1 | 24 of 37 | 36% |
| Revenue growth | 5.8 | 7.8 | 21 of 37 | 44% |
| Profit growth | 130.4 | (24.7) | 3 of 37 | 94% |
| Market cap | 93 | 2005 | 32 of 38 | 16% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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