ACC

₹2095 15.7 | 0.8%

WEBSITE BSE:500410 NSE : ACC LTD 26 Dec, 16:01

Market Cap ₹39341 Cr.

Stock P/E 0.0

P/B 2.4

Current Price ₹2095

Book Value ₹ 890.4

Face Value 10

52W High ₹2843

Dividend Yield 0.36%

52W Low ₹ 1867.2

Edit Ratio

ACC Research see more...

Equity Research Report: ACC

Overview Inc. Year: 1936Industry: Cement & Construction Materials

ACC Limited manufactures and sells cement and prepared-blend concrete in India. The employer affords regular Portland cement; mixed cement, which include Portland Pozzolana cement, Portland slag cement, and composite cement; gold and silver variety of cement; equipped blended concrete value-delivered products; and bulk cement. It also offers production chemicals, inclusive of ACC LeakBlock, a polymer-based imperative waterproofing compound used in various kinds of cement mortar, plasters, and concrete; ACC LeakBlock WaterProof Plaster - LB 101, a equipped-to-use cementitious waterproof mortar for inner and external plaster packages; and tile adhesives. In addition, the organisation affords EcoPact, a concrete with lower embodied carbon content material for diverse structural additives programs comprising foundations, columns, beams, outside or inner partitions, driveways, walkways, and many others. It distributes its products via a network of dealers, retailers, engineers, and architects. The company was previously called The Associated Cement Companies Limited and changed its name to ACC Limited in September 2006. ACC Limited was established in 1936 and in Mumbai, India. ACC Ltd is a subsidiary of Ambuja Cements Ltd.

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Peer Comparison

ACC Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	4468	3987	4537	4791	5201	4435	4914	5409	5155	4614
Other Income	54	70	41	119	77	210	86	120	72	159
Total Income	4522	4057	4578	4910	5278	4645	5001	5528	5227	4772
Total Expenditure	4042	3971	4158	4322	4430	3885	4010	4572	4476	4177
Operating Profit	480	86	420	588	848	759	991	957	751	595
Interest	15	18	19	15	25	29	34	67	33	33
Depreciation	165	173	173	177	200	213	235	235	232	242
Exceptional Income / Expenses	0	-16	-79	-66	0	0	0	230	0	-35
Profit Before Tax	301	-121	149	329	623	518	722	884	485	284
Provision for Tax	78	-31	39	96	159	132	192	-60	125	84
Profit After Tax	223	-90	110	234	463	386	530	944	360	200
Adjustments	4	3	3	2	3	2	8	1	1	-0
Profit After Adjustments	227	-87	113	236	466	388	538	945	361	200
Adjusted Earnings Per Share	12.1	-4.6	6	12.5	24.8	20.6	28.6	50.3	19.2	10.6

ACC Profit & Loss

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023	Mar 2024	TTM
Net Sales	11150	11739	11797	10990	13285	14802	15658	13786	16152	22210	19959	20092
Other Income	281	257	120	123	129	143	318	217	218	342	493	437
Total Income	11431	11995	11917	11113	13414	14944	15976	14003	16369	22552	20452	20528
Total Expenditure	9520	10226	10260	9511	11373	12754	13245	11431	13164	20285	16897	17235
Operating Profit	1911	1770	1657	1601	2041	2191	2731	2572	3205	2267	3555	3294
Interest	114	83	65	79	99	88	86	57	55	77	155	167
Depreciation	584	568	663	609	644	603	606	639	601	841	883	944
Exceptional Income / Expenses	0	0	-164	-39	0	0	0	-176	-55	-162	230	195
Profit Before Tax	1214	1120	766	885	1310	1510	2053	1709	2506	1203	2759	2375
Provision for Tax	132	-31	190	227	386	-11	675	279	643	317	423	341
Profit After Tax	1082	1151	576	658	925	1521	1378	1430	1863	885	2337	2034
Adjustments	13	11	12	-0	-0	-0	-0	-0	-0	-0	-0	10
Profit After Adjustments	1095	1162	588	658	924	1520	1377	1430	1863	885	2336	2044
Adjusted Earnings Per Share	58.3	61.9	31.3	35.1	49.2	81	73.3	76.2	99.2	47.1	124.4	108.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-10%	13%	6%	6%
Operating Profit CAGR	57%	11%	10%	6%
PAT CAGR	164%	18%	9%	8%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-1%	-1%	8%	4%
ROE Average	15%	12%	12%	12%
ROCE Average	19%	16%	16%	15%

ACC Balance Sheet

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023	Mar 2024
Shareholder's Funds	7813	8218	8421	8813	9356	10532	11544	12699	14309	14138	16330
Minority's Interest	3	3	3	3	3	3	3	3	3	3	4
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	619	657	590	598	694	815	891	694	721	761	955
Total Current Liabilities	3666	3804	3786	3980	4793	4706	4698	4804	6006	5641	6097
Total Liabilities	12101	12682	12800	13394	14846	16056	17136	18200	21039	20544	23386
Fixed Assets	5570	5666	5331	7568	7280	7088	7027	6694	6750	7512	10025
Other Non-Current Assets	2114	3337	4066	1721	1911	2283	2575	3057	3921	4777	3634
Total Current Assets	4417	3678	3404	4093	5642	6673	7524	8446	10366	8253	9704
Total Assets	12101	12682	12800	13394	14846	16056	17136	18200	21039	20544	23386

ACC Cash Flow

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	3156	2523	1581	1383	1810	2560	2933	4493	5849	7367	257
Cash Flow from Operating Activities	1063	1352	1457	1390	1554	1118	2255	2219	2835	-1235	2995
Cash Flow from Investing Activities	-862	-1457	-904	-535	-380	-364	-322	-535	-988	-4637	-1245
Cash Flow from Financing Activities	-834	-837	-716	-430	-426	-380	-374	-327	-331	-1238	-443
Net Cash Inflow / Outflow	-633	-942	-164	425	749	373	1559	1357	1517	-7110	1307
Closing Cash & Cash Equivalent	2523	1581	1418	1810	2560	2933	4493	5849	7367	257	1604

ACC Ratios

#	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Mar 2023	Mar 2024
Earnings Per Share (Rs)	58.3	61.88	31.3	35.05	49.23	80.97	73.35	76.16	99.21	47.13	124.41
CEPS(Rs)	88.71	91.52	65.95	67.5	83.5	113.1	105.65	110.18	131.2	91.94	171.45
DPS(Rs)	30	34	17	17	26	14	14	14	58	9.25	7.5
Book NAV/Share(Rs)	416.15	437.68	448.52	469.31	498.2	560.82	614.71	676.23	761.95	752.88	869.56
Core EBITDA Margin(%)	13.07	11.54	11.61	11.81	13.47	12.65	13.7	15.13	16.09	7.7	13.78
EBIT Margin(%)	10.64	9.17	6.27	7.7	9.92	9.87	12.15	11.35	13.8	5.12	13.12
Pre Tax Margin(%)	9.73	8.54	5.78	7.07	9.23	9.33	11.66	10.98	13.5	4.81	12.42
PAT Margin (%)	8.67	8.78	4.35	5.26	6.51	9.39	7.82	9.19	10.04	3.54	10.52
Cash Profit Margin (%)	13.35	13.11	9.35	10.12	11.04	13.12	11.27	13.3	13.27	6.91	14.5
ROA(%)	9	9.29	4.52	5.03	6.55	9.84	8.3	8.1	9.5	4.26	10.64
ROE(%)	14.25	14.36	6.92	7.64	10.18	15.29	12.48	11.8	13.8	6.22	15.34
ROCE(%)	17.25	14.97	9.98	11.19	15.51	16.07	19.38	14.57	18.96	9	19.13
Receivable days	10.24	11.25	12.34	14.83	15.41	17.28	15.49	12.64	8.98	9.73	13.94
Inventory Days	33.02	33.12	33.71	35.18	33.79	34.76	29.25	23.96	21.38	21.17	28.7
Payable days	133.87	130.05	161.56	243.51	286.08	292.97	228.5	210.53	213.65	119.04	112.08
PER(x)	19.01	22.61	43.44	37.9	35.71	18.59	19.7	21.25	22.35	35.36	20.02
Price/Book(x)	2.66	3.2	3.03	2.83	3.53	2.68	2.35	2.39	2.91	2.21	2.86
Dividend Yield(%)	2.71	2.43	1.25	1.28	1.48	0.93	0.97	0.87	2.62	0.56	0.3
EV/Net Sales(x)	1.82	2.21	2.16	2.09	2.28	1.7	1.44	1.77	2.11	1.39	2.25
EV/Core EBITDA(x)	10.64	14.67	15.35	14.34	14.84	11.49	8.23	9.48	10.65	13.62	12.63
Net Sales Growth(%)	-1.83	5.28	0.5	-6.84	20.89	11.41	5.78	-11.95	17.16	37.51	-10.14
EBIT Growth(%)	-18.59	-9.41	-30.95	16.12	46.12	13.44	33.85	-17.43	45.02	-50.02	127.67
PAT Growth(%)	3.03	6.37	-49.98	14.4	40.41	64.48	-9.41	3.83	30.26	-52.49	163.95
EPS Growth(%)	3.34	6.13	-49.42	12.01	40.43	64.48	-9.41	3.83	30.26	-52.49	163.98
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	1.2	0.97	0.9	1.03	1.18	1.42	1.6	1.76	1.73	1.46	1.59
Quick Ratio(x)	0.9	0.64	0.58	0.72	0.88	1.06	1.36	1.57	1.51	1.18	1.29
Interest Cover(x)	11.69	14.53	12.84	12.25	14.3	18.21	24.79	30.94	46.89	16.56	18.85
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

ACC Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	54.53	56.68	56.69	56.69	56.69	56.69	56.69	56.69	56.69	56.69
FII	12.11	11.42	11.95	10.06	9.98	7.1	6.23	6.17	5.64	5.5
DII	20.82	19.11	18.81	19.68	19.53	22.95	24.31	24.8	24.98	24.58
Public	12.54	12.78	12.55	13.57	13.81	13.27	12.77	12.34	12.69	13.23
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	10.24	10.64	10.65	10.65	10.65	10.65	10.65	10.65	10.65	10.65
FII	2.27	2.15	2.24	1.89	1.87	1.33	1.17	1.16	1.06	1.03
DII	3.91	3.59	3.53	3.7	3.67	4.31	4.56	4.66	4.69	4.62
Public	2.36	2.4	2.36	2.55	2.59	2.49	2.4	2.32	2.38	2.48
Others	0	0	0	0	0	0	0	0	0	0
Total	18.78	18.78	18.78	18.78	18.78	18.78	18.78	18.78	18.78	18.78

Pros

Debtor days have improved from 119.04 to 112.08days.
Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.
The company has delivered a poor profit growth of 8% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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ACC Research see more...

Overview Inc. Year: 1936Industry: Cement & Construction Materials

ACC Share Price

Alert Data

Quarterly Price

Peer Comparison

ACC Quarterly Results

ACC Profit & Loss

Growth Rates

ACC Balance Sheet

ACC Cash Flow

ACC Ratios

ACC Shareholding Pattern

ACC News

IPO

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