ACC

₹1738.2 -1.1 | 0.1%

WEBSITE BSE:500410 NSE : ACC LTD 23 Mar, 16:01

Market Cap ₹32716 Cr.

Stock P/E 50.3

P/B 2.4

Current Price ₹1738.2

Book Value ₹ 739.4

Face Value 10

52W High ₹2785

Dividend Yield 3.33%

52W Low ₹ 1659.3

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.

Quarterly Price

Quarterly Monthly

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Peer Comparison

ACC Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	3537	4145	4292	3885	3749	4226	4427	4468	3987	4537
Other Income	46	64	44	46	63	54	58	54	70	41
Total Income	3583	4209	4336	3930	3812	4280	4485	4522	4057	4578
Total Expenditure	2866	3573	3432	3016	3037	3670	3792	4042	3971	4158
Operating Profit	717	636	904	915	776	610	693	480	86	420
Interest	16	17	11	13	17	13	11	15	18	19
Depreciation	161	157	143	146	151	160	154	165	173	173
Exceptional Income / Expenses	0	-176	0	0	0	-55	0	0	-16	-79
Profit Before Tax	540	285	750	755	608	382	529	301	-121	149
Provision for Tax	177	-183	192	189	160	103	136	78	-31	39
Profit After Tax	363	469	558	566	448	279	393	223	-90	110
Adjustments	1	4	4	3	2	2	4	4	3	3
Profit After Adjustments	364	472	563	569	450	281	396	227	-87	113
Adjusted Earnings Per Share	19.4	25.1	29.9	30.3	23.9	14.9	21.1	12.1	-4.6	6

ACC Profit & Loss

#(Fig in Cr.)	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	TTM
Net Sales	10237	11358	11150	11739	11797	10990	13285	14802	15658	13786	16152	17419
Other Income	191	338	281	257	120	123	129	143	318	217	218	223
Total Income	10428	11696	11431	11995	11917	11113	13414	14944	15976	14003	16369	17642
Total Expenditure	8316	9162	9520	10226	10260	9511	11373	12754	13245	11431	13164	15963
Operating Profit	2112	2535	1911	1770	1657	1601	2041	2191	2731	2572	3205	1679
Interest	97	189	114	83	65	79	99	88	86	57	55	63
Depreciation	510	569	584	568	663	609	644	603	606	639	601	665
Exceptional Income / Expenses	0	-335	0	0	-164	-39	0	0	0	-176	-55	-95
Profit Before Tax	1505	1441	1214	1120	766	885	1310	1510	2053	1709	2506	858
Provision for Tax	215	391	132	-31	190	227	386	-11	675	279	643	222
Profit After Tax	1290	1050	1082	1151	576	658	925	1521	1378	1430	1863	636
Adjustments	11	9	13	11	12	-0	-0	-0	-0	-0	-0	14
Profit After Adjustments	1301	1059	1095	1162	588	658	924	1520	1377	1430	1863	649
Adjusted Earnings Per Share	69.3	56.4	58.3	61.9	31.3	35.1	49.2	81	73.3	76.2	99.2	34.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	17%	3%	8%	5%
Operating Profit CAGR	25%	14%	15%	4%
PAT CAGR	30%	7%	23%	4%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-16%	20%	3%	4%
ROE Average	14%	13%	13%	13%
ROCE Average	19%	18%	17%	17%

ACC Balance Sheet

#(Fig in Cr.)	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Shareholder's Funds	6979	7372	7813	8218	8421	8813	9356	10532	11544	12699	14309
Minority's Interest	2	3	3	3	3	3	3	3	3	3	3
Borrowings	506	85	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	1025	996	619	657	590	598	694	815	891	694	721
Total Current Liabilities	3408	3472	3666	3804	3786	3980	4793	4706	4698	4804	6006
Total Liabilities	11921	11928	12101	12682	12800	13394	14846	16056	17136	18200	21039
Fixed Assets	6406	5931	5570	5666	5331	7568	7280	7088	7027	6694	6750
Other Non-Current Assets	986	1151	2114	3337	4066	1721	1911	2283	2575	3057	3920
Total Current Assets	4529	4846	4417	3678	3404	4093	5642	6673	7524	8446	10367
Total Assets	11921	11928	12101	12682	12800	13394	14846	16056	17136	18200	21039

ACC Cash Flow

#(Fig in Cr.)	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Opening Cash & Cash Equivalents	2303	2953	3156	2523	1581	1383	1810	2560	2933	4493	5849
Cash Flow from Operating Activities	1576	1577	1063	1352	1457	1390	1554	1118	2255	2219	2835
Cash Flow from Investing Activities	-258	-308	-862	-1457	-904	-535	-380	-364	-322	-535	-988
Cash Flow from Financing Activities	-768	-1066	-834	-837	-716	-430	-426	-380	-374	-327	-331
Net Cash Inflow / Outflow	549	203	-633	-942	-164	425	749	373	1559	1357	1517
Closing Cash & Cash Equivalent	2853	3156	2523	1581	1418	1810	2560	2933	4493	5849	7367

ACC Ratios

#	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Earnings Per Share (Rs)	69.28	56.42	58.3	61.88	31.3	35.05	49.23	80.97	73.35	76.16	99.21
CEPS(Rs)	95.87	86.22	88.71	91.52	65.95	67.5	83.5	113.1	105.65	110.18	131.2
DPS(Rs)	28	30	30	34	17	17	26	14	14	14	58
Book NAV/Share(Rs)	371.71	392.66	416.15	437.68	448.52	469.31	498.2	560.82	614.71	676.23	761.95
Core EBITDA Margin(%)	17.04	17.38	13.07	11.54	11.61	11.81	13.47	12.65	13.7	15.13	16.09
EBIT Margin(%)	14.21	12.9	10.64	9.17	6.27	7.7	9.92	9.87	12.15	11.35	13.8
Pre Tax Margin(%)	13.35	11.4	9.73	8.54	5.78	7.07	9.23	9.33	11.66	10.98	13.5
PAT Margin (%)	11.44	8.31	8.67	8.78	4.35	5.26	6.51	9.39	7.82	9.19	10.04
Cash Profit Margin (%)	15.97	12.81	13.35	13.11	9.35	10.12	11.04	13.12	11.27	13.3	13.27
ROA(%)	10.8	8.8	9	9.29	4.52	5.03	6.55	9.84	8.3	8.1	9.5
ROE(%)	19.46	14.63	14.25	14.36	6.92	7.64	10.18	15.29	12.48	11.8	13.8
ROCE(%)	22.42	21.7	17.25	14.97	9.98	11.19	15.51	16.07	19.38	14.57	18.96
Receivable days	8.34	8.21	10.24	11.25	12.34	14.83	15.41	17.28	15.49	12.64	9.25
Inventory Days	33	32.45	33.02	33.12	33.71	35.18	33.79	34.76	29.25	23.96	21.38
Payable days	274.93	148.13	133.87	130.05	161.56	243.51	286.08	292.97	228.5	210.53	213.65
PER(x)	16.4	25.34	19.01	22.61	43.44	37.9	35.71	18.59	19.7	21.25	22.35
Price/Book(x)	3.06	3.64	2.66	3.2	3.03	2.83	3.53	2.68	2.35	2.39	2.91
Dividend Yield(%)	2.46	2.1	2.71	2.43	1.25	1.28	1.48	0.93	0.97	0.87	2.62
EV/Net Sales(x)	1.97	2.32	1.82	2.21	2.16	2.09	2.28	1.7	1.44	1.77	2.11
EV/Core EBITDA(x)	9.56	10.38	10.64	14.67	15.35	14.34	14.84	11.49	8.23	9.48	10.65
Net Sales Growth(%)	20.13	10.95	-1.83	5.28	0.5	-6.84	20.89	11.41	5.78	-11.95	17.16
EBIT Growth(%)	5.55	1.75	-18.59	-9.41	-30.95	16.12	46.12	13.44	33.85	-16.89	45.02
PAT Growth(%)	20.09	-18.6	3.03	6.37	-49.98	14.4	40.41	64.48	-9.41	4.89	30.26
EPS Growth(%)	20.72	-18.57	3.34	6.13	-49.42	12.01	40.43	64.48	-9.41	3.83	30.26
Debt/Equity(x)	0.07	0.02	0	0	0	0	0	0	0	0	0
Current Ratio(x)	1.33	1.4	1.2	0.97	0.9	1.03	1.18	1.42	1.6	1.76	1.73
Quick Ratio(x)	1	1.07	0.9	0.64	0.58	0.72	0.88	1.06	1.36	1.57	1.51
Interest Cover(x)	16.53	8.61	11.69	14.53	12.84	12.25	14.3	18.21	24.79	30.94	46.89
Total Debt/Mcap(x)	0.02	0.01	0	0	0	0	0	0	0	0	0

ACC Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	54.53	54.53	54.53	54.53	54.53	54.53	54.53	54.53	56.68	56.69
FII	6.6	11.55	12.64	13.57	13.59	13.76	12.75	12.11	11.42	11.95
DII	25.76	20.84	20.43	19.58	19.54	19.41	20.14	20.82	19.11	18.81
Public	13.11	13.09	12.4	12.33	12.35	12.3	12.58	12.54	12.78	12.55
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	10.24	10.24	10.24	10.24	10.24	10.24	10.24	10.24	10.64	10.65
FII	1.24	2.17	2.37	2.55	2.55	2.58	2.39	2.27	2.15	2.24
DII	4.84	3.91	3.84	3.68	3.67	3.65	3.78	3.91	3.59	3.53
Public	2.46	2.46	2.33	2.31	2.32	2.31	2.36	2.36	2.4	2.36
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