ACC Ltd

ACC Ltd

₹ 1,844 0.23%
17 Nov 2:44 p.m.
About

ACC Limited (incorporated in 1936), a member of the Adani Group, is principally engaged in the business of manufacturing and selling of Cement and Ready Mix Concrete. The Company has manufacturing facilities across India and caters mainly to the domestic market.[1][2]

Key Points

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]

  • Market Cap 34,637 Cr.
  • Current Price 1,844
  • High / Low 2,325 / 1,775
  • Stock P/E 10.8
  • Book Value 1,046
  • Dividend Yield 0.41 %
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
3,987 4,537 4,791 5,201 4,435 4,918 5,398 5,200 4,629 5,896 6,057 6,066 5,852
3,972 4,159 4,324 4,432 3,886 4,015 4,561 4,523 4,200 4,787 5,256 5,293 5,033
Operating Profit 15 378 466 769 548 903 837 677 429 1,109 800 773 820
OPM % 0% 8% 10% 15% 12% 18% 16% 13% 9% 19% 13% 13% 14%
53 -38 51 78 208 84 122 70 154 644 326 69 223
Interest 18 19 15 25 29 34 66 33 33 28 13 30 29
Depreciation 173 172 174 199 212 234 231 221 232 250 253 238 257
Profit before tax -122 149 328 623 516 719 662 493 318 1,475 859 574 757
Tax % -26% 26% 28% 26% 25% 27% -13% 26% 26% 26% 14% 33% -47%
-91 110 237 464 384 527 749 366 234 1,089 735 384 1,112
EPS in Rs -4.85 5.88 12.60 24.71 20.46 28.09 39.86 19.50 12.45 57.99 39.16 20.48 59.22
Raw PDF

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: -9%
1 Year: -16%
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%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
56.69% 56.69% 56.69% 56.69% 56.69% 56.69% 56.69% 56.69% 56.69% 56.69% 56.69% 56.69%
11.95% 10.05% 9.98% 7.10% 6.24% 6.17% 5.64% 5.50% 5.14% 4.83% 4.66% 5.04%
18.64% 19.51% 19.35% 22.79% 24.14% 24.64% 24.82% 24.42% 24.66% 24.92% 24.13% 22.55%
0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15%
12.55% 13.57% 13.80% 13.26% 12.76% 12.33% 12.68% 13.22% 13.35% 13.41% 14.36% 15.55%
No. of Shareholders 1,31,4121,70,3731,77,1781,67,6391,64,5471,49,8931,68,3971,86,3931,94,4302,04,2092,19,0692,29,364

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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