ACC Ltd
- Market Cap ₹ 33,270 Cr.
- Current Price ₹ 1,772
- High / Low ₹ 2,269 / 1,770
- Stock P/E 10.4
- Book Value ₹ 1,046
- Dividend Yield 0.42 %
- ROCE 17.6 %
- ROE 13.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 6.71% over past five years.
- Company has a low return on equity of 11.5% over last 3 years.
- Earnings include an other income of Rs.1,262 Cr.
- Dividend payout has been low at 10.8% of profits over last 3 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.
Peer comparison
Commodities Construction Materials Cement & Cement Products Cement & Cement Products
Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 BSE MidCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 15m | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11,061 | 11,645 | 11,706 | 10,990 | 13,285 | 14,801 | 15,657 | 13,785 | 16,151 | 22,210 | 19,952 | 21,668 | 23,871 | |
| 9,417 | 10,122 | 10,199 | 9,522 | 11,375 | 12,757 | 13,247 | 11,432 | 13,151 | 20,291 | 16,895 | 18,652 | 20,369 | |
| Operating Profit | 1,645 | 1,523 | 1,507 | 1,468 | 1,909 | 2,045 | 2,409 | 2,352 | 3,000 | 1,919 | 3,058 | 3,016 | 3,502 |
| OPM % | 15% | 13% | 13% | 13% | 14% | 14% | 15% | 17% | 19% | 9% | 15% | 14% | 15% |
| 270 | 252 | -3 | 91 | 132 | 138 | 311 | 28 | 112 | 175 | 492 | 1,193 | 1,262 | |
| Interest | 114 | 83 | 67 | 83 | 102 | 89 | 86 | 57 | 55 | 77 | 154 | 108 | 101 |
| Depreciation | 574 | 558 | 652 | 605 | 640 | 600 | 603 | 635 | 597 | 835 | 876 | 956 | 998 |
| Profit before tax | 1,227 | 1,135 | 784 | 871 | 1,298 | 1,494 | 2,031 | 1,688 | 2,460 | 1,182 | 2,519 | 3,145 | 3,665 |
| Tax % | 11% | -3% | 25% | 26% | 29% | -1% | 33% | 16% | 26% | 26% | 16% | 23% | |
| 1,096 | 1,168 | 592 | 647 | 915 | 1,507 | 1,359 | 1,415 | 1,820 | 870 | 2,124 | 2,425 | 3,321 | |
| EPS in Rs | 58.36 | 62.23 | 31.51 | 34.46 | 48.75 | 80.23 | 72.36 | 75.35 | 96.93 | 46.32 | 113.12 | 129.11 | 176.85 |
| Dividend Payout % | 51% | 55% | 54% | 49% | 53% | 17% | 19% | 19% | 60% | 20% | 7% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 7% |
| 3 Years: | 10% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 11% |
| 3 Years: | 7% |
| TTM: | 71% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 2% |
| 3 Years: | -13% |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 188 | 188 | 188 | 188 | 188 | 188 | 188 | 188 | 188 | 188 | 188 | 188 | 188 |
| Reserves | 7,637 | 8,048 | 8,255 | 8,644 | 9,177 | 10,340 | 11,333 | 12,473 | 14,040 | 13,855 | 15,834 | 18,083 | 19,464 |
| 35 | 0 | 36 | 50 | 59 | 0 | 0 | 84 | 126 | 153 | 355 | 430 | 485 | |
| 4,234 | 4,436 | 4,362 | 4,558 | 5,464 | 5,497 | 5,561 | 5,381 | 6,565 | 6,212 | 6,523 | 6,222 | 5,833 | |
| Total Liabilities | 12,094 | 12,671 | 12,841 | 13,440 | 14,889 | 16,025 | 17,082 | 18,126 | 20,919 | 20,409 | 22,900 | 24,923 | 25,969 |
| 5,504 | 5,598 | 5,285 | 7,525 | 7,241 | 7,049 | 6,991 | 6,659 | 6,723 | 7,486 | 9,227 | 9,753 | 9,854 | |
| CWIP | 820 | 1,915 | 2,371 | 261 | 262 | 392 | 435 | 545 | 1,212 | 1,683 | 972 | 1,616 | 1,787 |
| Investments | 2,194 | 1,573 | 1,476 | 258 | 230 | 230 | 230 | 221 | 193 | 193 | 1,374 | 2,742 | 1,373 |
| 3,576 | 3,585 | 3,709 | 5,395 | 7,156 | 8,353 | 9,425 | 10,701 | 12,791 | 11,046 | 11,326 | 10,812 | 12,956 | |
| Total Assets | 12,094 | 12,671 | 12,841 | 13,440 | 14,889 | 16,025 | 17,082 | 18,126 | 20,919 | 20,409 | 22,900 | 24,923 | 25,969 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,056 | 1,332 | 1,461 | 1,380 | 1,555 | 1,118 | 2,248 | 2,216 | 2,832 | -1,239 | 2,980 | 1,706 | |
| -858 | -1,437 | -948 | -539 | -384 | -367 | -328 | -536 | -989 | -4,642 | -1,168 | -1,278 | |
| -834 | -837 | -681 | -420 | -422 | -441 | -374 | -327 | -331 | -1,238 | -442 | -987 | |
| Net Cash Flow | -636 | -942 | -168 | 421 | 749 | 310 | 1,546 | 1,352 | 1,512 | -7,118 | 1,370 | -558 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 13 | 15 | 18 | 18 | 21 | 15 | 12 | 10 | 14 | 15 | 20 |
| Inventory Days | 230 | 232 | 235 | 278 | 260 | 262 | 153 | 131 | 162 | 109 | 116 | 84 |
| Days Payable | 131 | 139 | 173 | 286 | 336 | 301 | 197 | 206 | 242 | 110 | 120 | 71 |
| Cash Conversion Cycle | 112 | 106 | 77 | 10 | -57 | -17 | -30 | -63 | -69 | 13 | 11 | 33 |
| Working Capital Days | -45 | -54 | -54 | -63 | -53 | -27 | -42 | -62 | -71 | 36 | 19 | 7 |
| ROCE % | 17% | 15% | 11% | 11% | 15% | 16% | 19% | 16% | 19% | 9% | 17% | 18% |
Documents
Announcements
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Announcement Under Regulation 30 (LODR) - ESG Rating
1d - NSE Sustainability assigned ACC ESG rating 65 (Aspiring) for FY2025 on Dec 12, 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
6 Dec - Navin Malhotra resigned as Chief Sales & Marketing Officer effective close of business December 6, 2025.
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Announcement under Regulation 30 (LODR)-Change in Directorate
2 Dec - Ms. Ameera Shah ceased as Independent Director effective close of business December 2, 2025.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations 2015
2 Dec - Tax demand Rs5.12 crore and penalty Rs0.51 crore; ACC to appeal (order dated 1 Dec 2025).
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Announcement under Regulation 30 (LODR)-Change in Directorate
1 Dec - Ms. Shruti Shah appointed Independent Director effective Dec 1, 2025, for three-year term.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Business Segments
1) Cement (94% in FY24 vs 91% in CY19): [1] [2] The company offers two product lines including a gold range comprising of premium cement products like ACC gold water shield, ACC F2R superfast, etc and the silver range offering affordable cement products like ACC Suraksha power, ACC HPC long life, ACC Suraksha power+, etc. [3]
The segment's revenue grew by 31% between CY19 and FY24, driven by a 28% increase in sales volumes and a 2% rise in average sales realizations, from Rs. 4,973 per ton in CY19 to Rs. 5,092 per ton in FY24. [4] [5]