ACC Ltd logo

ACC Ltd

ACC NSE

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]

AI Verdict: HOLD Confidence: 5%

ACC Ltd trades at an attractive PE of 12x and is virtually debt-free, but a 26% stock decline over the past year, deteriorating working capital cycle (31.9 to 71.0 days), and declining profitability (TTM profit growth at -8%) suggest waiting for clearer operational improvement before accumulating.

Key Fundamentals

SmallcapCementConstruction
Market Cap
₹25,571 Cr
Volatility
Moderate
P/E Ratio
11.76
EBITDA
₹3,352 Cr
Return on Equity
14.31%
Debt to Equity
0.02
Book Value
₹1,094.34
EPS
₹107.42
52W High
₹2,028.8
52W Low
₹1,251.7

Technical Indicators

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

4
  • Tax rate seems low
  • Company has a low return on equity of 12.6% over last 3 years.
  • Debtor days have increased from 29.5 to 54.0 days.
  • Working capital days have increased from 31.9 days to 71.0 days

Growth Rate

Revenue Growth
14.66% ↗
Net Income Growth
-11.04% ↗
Cash Flow Change
-179.70% ↘
ROE
-19.63% ↗
ROCE
-36.39% ↘
EBITDA Margin (Avg.)
-29.31% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk medium

ACC Ltd trades at an attractive PE of 12x and is virtually debt-free, but a 26% stock decline over the past year, deteriorating working capital cycle (31.9 to 71.0 days), and declining profitability (TTM profit growth at -8%) suggest waiting for clearer operational improvement before accumulating.

Bull Case 8
  • Attractive valuation at PE of 12x, well below the cement sector average of 25-30x, offering margin of safety
  • Company is almost debt-free, providing financial flexibility and resilience during cyclical downturns
  • Strong 3-year compounded profit CAGR of 31%, indicating earnings recovery potential from a low base
  • TTM sales growth of 18% demonstrates healthy volume and pricing momentum in the near term
  • Price-to-book ratio of 1.24x is undemanding for a large-cap cement company with Rs 25,500 Cr market cap
  • 48.39% of analysts (15 out of 31) have a Buy rating, reflecting majority constructive view
  • 10-year compounded sales CAGR of 8% shows consistent top-line expansion through multiple cycles
  • Dividend yield of 0.55% provides nominal income support while awaiting capital appreciation
Bear Case 8
  • Stock has declined 26% over the past 1 year, significantly underperforming broader markets and peers
  • TTM compounded profit growth is negative at -8%, signaling margin compression and earnings pressure
  • Working capital days have nearly doubled from 31.9 to 71.0 days, indicating serious deterioration in cash conversion
  • Debtor days increased sharply from 29.5 to 54.0 days, raising concerns about receivable quality and collection efficiency
  • 3-year ROE of only 12.6% is subpar for a capital-intensive business and below cost of equity
  • 5-year stock CAGR of -8% means long-term shareholders have experienced sustained wealth destruction
  • 19.35% of analysts (6 out of 31) have a Sell rating, which is notably high for a large-cap name
  • 10-year stock CAGR of -2% indicates the stock has failed to create any meaningful value over a decade

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 2
  • Ambuja merger gets exchange nod Jun 4

    BSE issued 'no adverse observations' and NSE gave 'no objection' for ACC's amalgamation with Ambuja Cements. Scheme still requires statutory and shareholder approvals.

  • Strong sustainability metrics FY26 May 30

    ACC reported 1.7x water positivity and 29.8% green power share in its BRSR filing for FY26, signaling progress on ESG commitments.

Neutral 2
  • Non-deal roadshow in Mumbai Jun 11

    ACC will hold physical non-deal roadshow meetings in Mumbai on June 16-17, 2026, based on publicly available information.

  • Dividend record date June 26 May 28

    ACC fixed June 26, 2026, as the record date for FY 2025-26 dividend payment. The 90th AGM is also scheduled for the same date.

TL;DR: ACC is progressing on its merger with Ambuja Cements after receiving stock exchange clearances, which could unlock long-term synergies in the Adani cement portfolio. Sustainability metrics are improving with nearly 30% green power share. No material headwinds emerged in recent news flow. The near-term catalyst is shareholder approval for the Ambuja amalgamation scheme.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
4,791
5,201
4,435
4,914
5,409
5,199
4,634
5,972
6,115
6,087
6,005
6,483
7,146
Expenses
4,322
4,430
3,885
4,010
4,572
4,520
4,198
4,856
5,284
5,309
5,159
5,783
6,520
Operating Profit
469
771
549
905
837
679
436
1,116
830
778
846
700
626
OPM %
10%
15%
12%
18%
15%
13%
9%
19%
14%
13%
14%
11%
9%
Other Income
55
80
212
94
350
73
124
649
330
70
225
91
50
Interest
15
25
29
34
67
33
33
28
14
30
29
26
27
Depreciation
177
200
213
235
237
235
242
260
265
255
279
306
279
PBT
331
626
519
729
883
484
284
1,476
882
563
763
460
370
Tax %
29%
25%
25%
26%
-7%
26%
30%
26%
15%
33%
-47%
12%
36%
Net Profit
236
466
388
538
943
360
200
1,092
751
375
1,119
404
238
EPS in Rs
12.55
24.82
20.65
28.63
50.23
19.15
10.63
58.14
39.99
19.99
59.6
21.52
12.69
Figures in ₹ Crores

Profit & Loss

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023 15mMar 2024Mar 2025Mar 2026
Sales
11,646
11,706
10,990
13,285
14,802
15,658
13,786
16,152
22,210
19,959
21,920
25,962
Expenses
10,116
10,123
9,532
11,370
12,754
13,245
11,431
13,154
20,285
16,897
18,859
23,004
Operating Profit
1,529
1,583
1,458
1,915
2,048
2,413
2,355
2,998
1,925
3,062
3,061
2,958
OPM %
13%
14%
13%
14%
14%
15%
17%
19%
9%
15%
14%
11%
Other Income
241
-90
115
137
153
332
50
164
196
735
1,175
429
Interest
83
65
79
99
88
86
57
55
77
155
108
112
Depreciation
568
663
609
644
603
606
639
601
841
883
1,001
1,118
PBT
1,120
766
885
1,310
1,510
2,053
1,709
2,506
1,203
2,759
3,127
2,157
Tax %
-3%
25%
26%
29%
-1%
33%
16%
26%
26%
15%
23%
1%
Net Profit
1,162
587
658
925
1,521
1,378
1,430
1,863
885
2,337
2,402
2,137
EPS in Rs
61.88
31.3
35.06
49.23
80.97
73.35
76.16
99.21
47.13
124
128
114
Div. Payout %
55%
54%
49%
53%
17%
19%
18%
59%
20%
6%
6%
7%
Figures in ₹ Crores

Balance Sheet

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
188
188
188
188
188
188
188
188
188
188
188
188
Reserves
8,030
8,233
8,625
9,168
10,344
11,356
12,511
14,121
13,950
16,142
18,367
20,363
Borrowings
0
0
0
0
0
0
102
126
153
355
430
429
Other Liabilities
4,464
4,379
4,581
5,490
5,524
5,592
5,399
6,604
6,252
6,701
6,428
6,546
Total Liabilities
12,682
12,800
13,394
14,846
16,056
17,136
18,200
21,039
20,544
23,386
25,413
27,525
Fixed Assets
5,666
5,331
7,568
7,280
7,088
7,027
6,694
6,750
7,512
10,025
10,829
11,256
CWIP
1,956
2,396
261
269
398
446
548
1,216
1,684
986
2,061
2,227
Investments
1,385
1,314
117
95
104
116
129
150
163
811
1,509
55
Other Assets
3,675
3,759
5,448
7,202
8,466
9,547
10,828
12,923
11,185
11,564
11,013
13,987
Total Assets
12,682
12,800
13,394
14,846
16,056
17,136
18,200
21,039
20,544
23,386
25,413
27,525
Figures in ₹ Crores

Cash Flow

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,352
1,457
1,390
1,554
1,118
2,255
2,219
2,835
-1,235
2,995
1,711
-1,364
Investing
-1,457
-904
-533
-379
-364
-321
-535
-988
-4,637
-1,205
-1,262
1,273
Financing
-837
-716
-430
-426
-380
-374
-327
-331
-1,238
-443
-1,002
-422
Net Cash Flow
-942
-164
426
750
374
1,559
1,357
1,517
-7,110
1,347
-553
-513
Free Cash Flow
-251
337
889
1,034
620
1,760
1,471
1,682
-3,216
1,646
-242
-2,393
CFO/OP
104
107
114
93
80
112
124
104
-43
104
59
-55
Figures in ₹ Crores

Ratios

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
13
15
18
18
21
15
12
10
14
15
19
54
Inventory Days
233
235
278
261
263
153
131
162
109
117
85
58
Days Payable
139
173
286
337
301
198
207
243
110
121
76
80
Cash Conversion Cycle
106
77
10
-58
-17
-30
-64
-70
13
12
28
32
Working Capital Days
-54
-53
-64
-51
-28
-42
-63
-71
36
18
6
71
ROCE %
15%
12%
11%
16%
16%
19%
16%
19%
9%
17%
17%
11%

Shareholding Pattern

As of Mar 2026
Promoters 56.69%
DIIs 21.61%
Public 11.92%
FIIs 5.93%
Others 3.70%
Government 0.15%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
54.53%
54.53%
54.53%
54.53%
54.53%
54.53%
56.68%
56.69%
56.69%
56.69%
56.69%
56.69%
56.69%
56.69%
56.69%
56.69%
56.69%
56.69%
56.69%
56.69%
56.69%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
6.18%
5.65%
5.51%
5.14%
4.83%
4.66%
5.05%
5.99%
5.93%
DIIs
9.99%
9.27%
9.23%
9.69%
10.19%
9.98%
17.35%
18.65%
19.52%
18.11%
22.79%
23.01%
24.64%
24.82%
24.43%
24.66%
24.92%
24.12%
22.55%
21.38%
21.61%
Government
0.15%
0.15%
0.15%
0.15%
0.15%
0.15%
0.15%
0.15%
0.16%
0.16%
0.16%
0.15%
0.15%
0.15%
0.15%
0.15%
0.15%
0.15%
0.15%
0.15%
0.15%
Public
9.67%
9.64%
9.62%
9.50%
9.67%
9.58%
9.41%
9.16%
10.00%
10.34%
9.85%
9.74%
9.31%
9.65%
10.09%
10.12%
10.19%
10.97%
11.80%
12.09%
11.92%
Others
25.66%
26.42%
26.47%
26.13%
25.46%
25.76%
16.41%
15.34%
13.63%
14.70%
10.51%
10.41%
3.03%
3.04%
3.14%
3.24%
3.21%
3.40%
3.75%
3.70%
3.70%
No. of Shareholders
1,08,174
1,16,793
1,25,552
1,22,347
1,35,310
1,37,391
1,41,922
1,31,412
1,70,373
1,77,178
1,67,639
1,64,547
1,49,893
1,68,397
1,86,393
1,94,430
2,04,209
2,19,069
2,29,364
2,37,736
2,35,988

Documents

Frequently Asked Questions about ACC Ltd

What does ACC Ltd do?
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]
Where is ACC Ltd (ACC) listed?
ACC Ltd is listed on the Indian stock exchanges. It is listed on NSE: ACC and BSE: 500410. You can view its live share price, financials, and ratios on Tapetide.
Which sector does ACC Ltd belong to?
ACC Ltd operates in the Commodities sector within the Cement & Cement Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of ACC Ltd?
ACC Ltd has a market capitalisation of approximately ₹25570.99 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of ACC Ltd?
The Price-to-Earnings (PE) ratio of ACC Ltd is 11.76. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of ACC Ltd?
Over the past 52 weeks, ACC Ltd has traded between a low of ₹1,251.7 and a high of ₹2,028.8. This range helps investors understand the stock's price volatility and recent trading levels.
Does ACC Ltd pay dividends?
Yes, ACC Ltd has a dividend yield of 0.56%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of ACC Ltd?
ACC Ltd has a Return on Equity (ROE) of 14.31%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research ACC Ltd on Tapetide?
On Tapetide, you can view ACC Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website acclimited.com
CEO Mr. Vinod Mohanlal Bahety
Employees 3,170
Listed 1996-11-20
Face Value ₹ 10
Issued Size 18,77,87,263

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