ACC Ltd

ACC Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ACC Ltd

₹ 2,292 2.56%
03 Dec - close price
acclimited.com BSE: 500410 NSE: ACC
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]

Website BSE NSE
  • Market Cap ₹ 43,037 Cr.
  • Current Price ₹ 2,292
  • High / Low ₹ 2,844 / 1,867
  • Stock P/E 23.2
  • Book Value ₹ 890
  • Dividend Yield 0.33 %
  • ROCE 17.3 %
  • ROE 14.2 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 28.1%

Cons

  • The company has delivered a poor sales growth of 6.16% over past five years.
  • Company has a low return on equity of 11.6% 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

Sector: Cement Industry: Cement - North India

Part of BSE 400 MidSmallCap Index Nifty500 Multicap Infrastructure 50:30:20 BSE 500 Nifty Midcap 150 Nifty LargeMidcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3,749 4,226 4,427 4,468 3,987 4,537 4,791 5,201 4,435 4,914 5,409 5,155 4,614
3,037 3,670 3,792 4,042 3,971 4,158 4,322 4,430 3,885 4,010 4,572 4,476 4,178
Operating Profit 712 556 635 426 16 379 469 771 549 905 837 679 436
OPM % 19% 13% 14% 10% 0% 8% 10% 15% 12% 18% 15% 13% 9%
65 1 62 58 56 -35 55 80 212 94 350 73 124
Interest 17 13 11 15 18 19 15 25 29 34 67 33 33
Depreciation 151 160 154 165 173 173 177 200 213 235 235 235 242
Profit before tax 610 384 532 305 -118 152 331 626 519 729 885 484 284
Tax % 26% 27% 26% 25% -26% 26% 29% 25% 25% 26% -7% 26% 30%
450 281 396 227 -87 113 236 466 388 538 945 360 200
EPS in Rs 23.97 14.95 21.10 12.11 -4.65 6.03 12.55 24.82 20.65 28.63 50.31 19.15 10.63
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 15m Mar 2024 TTM
11,275 11,062 11,646 11,706 10,990 13,285 14,802 15,658 13,786 16,152 22,210 19,959 20,091
9,078 9,416 10,116 10,123 9,532 11,370 12,754 13,245 11,431 13,154 20,285 16,897 17,235
Operating Profit 2,197 1,646 1,529 1,583 1,458 1,915 2,048 2,413 2,355 2,998 1,925 3,062 2,857
OPM % 19% 15% 13% 14% 13% 14% 14% 15% 17% 19% 9% 15% 14%
-72 265 241 -90 115 137 153 332 50 164 196 735 640
Interest 115 114 83 65 79 99 88 86 57 55 77 155 167
Depreciation 569 584 568 663 609 644 603 606 639 601 841 883 947
Profit before tax 1,441 1,214 1,120 766 885 1,310 1,510 2,053 1,709 2,506 1,203 2,759 2,382
Tax % 27% 11% -3% 25% 26% 29% -1% 33% 16% 26% 26% 15%
1,059 1,095 1,162 587 658 925 1,521 1,378 1,430 1,863 885 2,337 2,042
EPS in Rs 56.42 58.31 61.88 31.30 35.06 49.23 80.97 73.35 76.16 99.21 47.13 124.42 108.72
Dividend Payout % 53% 52% 55% 54% 49% 53% 17% 19% 18% 59% 20% 6%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: 13%
TTM: 6%
Compounded Profit Growth
10 Years: 7%
5 Years: 7%
3 Years: 12%
TTM: 41%
Stock Price CAGR
10 Years: 4%
5 Years: 9%
3 Years: 0%
1 Year: 13%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 12%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 Mar 2024 Sep 2024
Equity Capital 188 188 188 188 188 188 188 188 188 188 188 188 188
Reserves 7,184 7,625 8,030 8,233 8,625 9,168 10,344 11,356 12,511 14,121 13,950 16,142 16,533
163 35 0 0 0 0 0 0 102 126 153 355 457
4,393 4,253 4,464 4,379 4,581 5,490 5,524 5,592 5,399 6,604 6,252 6,701 6,541
Total Liabilities 11,928 12,101 12,682 12,800 13,394 14,846 16,056 17,136 18,200 21,039 20,544 23,386 23,719
5,931 5,570 5,666 5,331 7,568 7,280 7,088 7,027 6,694 6,750 7,512 10,025 10,572
CWIP 315 832 1,956 2,396 261 269 398 446 548 1,216 1,684 986 1,268
Investments 2,479 2,126 1,385 1,314 117 95 104 116 129 150 163 811 821
3,203 3,573 3,675 3,759 5,448 7,202 8,466 9,547 10,828 12,923 11,185 11,564 11,058
Total Assets 11,928 12,101 12,682 12,800 13,394 14,846 16,056 17,136 18,200 21,039 20,544 23,386 23,719

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 Mar 2024
1,577 1,063 1,352 1,457 1,390 1,554 1,118 2,255 2,219 2,835 -1,235 2,995
-308 -862 -1,457 -904 -533 -379 -364 -321 -535 -988 -4,637 -1,205
-1,066 -834 -837 -716 -430 -426 -380 -374 -327 -331 -1,238 -443
Net Cash Flow 203 -633 -942 -164 426 750 374 1,559 1,357 1,517 -7,110 1,347

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2023 Mar 2024
Debtor Days 10 13 13 15 18 18 21 15 12 10 14 15
Inventory Days 239 231 233 235 278 261 263 153 131 162 109 117
Days Payable 139 132 139 173 286 337 301 198 207 243 110 121
Cash Conversion Cycle 110 112 106 77 10 -58 -17 -30 -64 -70 13 12
Working Capital Days -55 -59 -54 -53 -64 -51 -28 -42 -62 -71 37 21
ROCE % 24% 17% 15% 12% 11% 16% 16% 19% 16% 19% 9% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.53% 54.53% 54.53% 56.69% 56.69% 56.69% 56.69% 56.69% 56.69% 56.69% 56.69% 56.69%
13.86% 12.85% 12.21% 11.42% 11.95% 10.05% 9.98% 7.10% 6.24% 6.17% 5.64% 5.50%
19.16% 19.89% 20.56% 18.95% 18.64% 19.51% 19.35% 22.79% 24.14% 24.64% 24.82% 24.42%
0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15%
12.30% 12.58% 12.54% 12.78% 12.55% 13.57% 13.80% 13.26% 12.76% 12.33% 12.68% 13.22%
No. of Shareholders 1,22,3471,35,3101,37,3911,41,9221,31,4121,70,3731,77,1781,67,6391,64,5471,49,8931,68,3971,86,393

* 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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