Executive Summary
ACC Limited manufactures and sells cement and ready mix concrete in India.
Snowflake
Fundamentals
Flawless balance sheet with solid track record.
Similar Companies
Share Price & News
How has ACC's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
4.4%
ACC
3.1%
IN Basic Materials
1.6%
IN Market
1 Year Return
-3.6%
ACC
-1.3%
IN Basic Materials
0.8%
IN Market
Return vs Industry: ACC underperformed the Indian Basic Materials industry which returned -1.3% over the past year.
Return vs Market: ACC underperformed the Indian Market which returned 0.8% over the past year.
Shareholder returns
| ACC | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | 3.1% | 1.6% |
| 30 Day | -1.9% | -2.5% | 1.5% |
| 90 Day | -6.0% | -13.3% | -3.3% |
| 1 Year | -2.6%-3.6% | -0.7%-1.3% | 2.7%0.8% |
| 3 Year | -4.4%-7.3% | -3.6%-5.2% | 22.0%16.0% |
| 5 Year | 10.2%3.6% | 52.2%47.4% | 42.3%29.3% |
Price Volatility Vs. Market
How volatile is ACC's share price compared to the market and industry in the last 5 years?
Simply Wall St News
11 months ago | Simply Wall St
Is There Now An Opportunity In ACC Limited (NSE:ACC)?11 months ago | Simply Wall St
What Type Of Shareholder Owns ACC Limited's (NSE:ACC)?1 year ago | Simply Wall St
Does ACC Limited's (NSE:ACC) Stock Price Account For Its Growth?Valuation
Is ACC undervalued compared to its fair value and its price relative to the market?
16.14x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: ACC (₹1498.05) is trading above our estimate of fair value (₹1366.68)
Significantly Undervalued: ACC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ACC is good value based on its PE Ratio (16.1x) compared to the Basic Materials industry average (18.3x).
PE vs Market: ACC is poor value based on its PE Ratio (16.1x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
Low PEG Ratio: ACC is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: ACC is overvalued based on its PB Ratio (2.6x) compared to the IN Basic Materials industry average (1x).
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Future Growth
How is ACC forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
6.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACC's forecast earnings growth (6.1% per year) is below the savings rate (7.6%).
Earnings vs Market: ACC's earnings (6.1% per year) are forecast to grow slower than the Indian market (18.3% per year).
High Growth Earnings: ACC's earnings are forecast to grow, but not significantly.
Revenue vs Market: ACC's revenue (6.2% per year) is forecast to grow slower than the Indian market (11.4% per year).
High Growth Revenue: ACC's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: ACC's Return on Equity is forecast to be low in 3 years time (12.4%).
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Past Performance
How has ACC performed over the past 5 years?
9.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ACC's earnings have grown by 9.6% per year over the past 5 years.
Accelerating Growth: ACC's earnings growth over the past year (80.4%) exceeds its 5-year average (9.6% per year).
Earnings vs Industry: ACC earnings growth over the past year (80.4%) exceeded the Basic Materials industry 19.8%.
Return on Equity
High ROE: ACC's Return on Equity (15.9%) is considered low.
Return on Assets
ROA vs Industry: ACC has a higher Return on Assets than the Basic Materials industry average last year.
Return on Capital Employed
ROCE Improving: ACC has significantly improved its Return on Capital Employed over the past 3 years.
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Financial Health
How is ACC's financial position?
Financial Position Analysis
Short Term Liabilities: ACC's short term assets (₹71.6B) exceeds its short term liabilities (₹46.7B)
Long Term Liabilities: ACC's short term assets (71.6B) exceeds its long term liabilities (8.3B)
Debt to Equity History and Analysis
Debt Level: ACC is debt free.
Reducing Debt: ACC had no debt 5 years ago.
Debt Coverage: ACC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ACC has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: ACC has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if ACC's debt is covered by short term assets.
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Dividend
What is ACC's current dividend yield, its reliability and sustainability?
0.93%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: ACC's dividend (0.93%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: ACC's dividend (0.93%) is low compared to the top 25% of dividend payers in the Indian market (2.49%).
Stable Dividend: ACC's dividend payments have been volatile in the past 10 years.
Growing Dividend: ACC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (15.1%), ACC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ACC's dividends in 3 years are forecast to be well covered by earnings (29.3% payout ratio).
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Management
What is the CEO of ACC's salary, the management and board of directors tenure and is there insider trading?
1.3yrs
Average management tenure
CEO
Neeraj Akhoury (51yo)
2.7yrs
Tenure
₹71,310,000
Compensation
Mr. Neeraj Akhoury has been Chief Executive Officer and Managing Director of ACC Limited since February 4, 2017. Mr. Akhoury served as the Chief Executive Officer of Lafarge Surma Cement Limited from Septe ...
CEO Compensation Analysis
Compensation vs. Market: Neeraj's total compensation ($USD1.00M) is about average for companies of similar size in the Indian market ($USD828.95K).
Compensation vs Earnings: Neeraj's compensation has increased by more than 20% in the past year.
Management Age and Tenure
1.3yrs
Average Tenure
51yo
Average Age
Experienced Management: ACC's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Age and Tenure
4.7yrs
Average Tenure
60.5yo
Average Age
Experienced Board: ACC's board of directors are considered experienced (4.7 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Ashish Prasad (48yo)
Chief Marketing Officer and Head of New Products & Services
- Tenure: 1.2yrs
Rajani Kesari (48yo)
Chief Financial Officer
- Tenure: 0.2yrs
Rajiv Choubey (47yo)
Head of Legal Services
- Tenure: 1.3yrs
Rajesh Seth (62yo)
Head of Central Logistics
- Tenure: 10.2yrs
- Compensation: ₹6.19m
Sudipto Bhattacharya (58yo)
Senior Vice President
- Tenure: 9.8yrs
- Compensation: ₹6.36m
Martin Muller (68yo)
Head of Technical Education
- Tenure: 0yrs
- Compensation: ₹9.30m
Procyon Mukherjee
Chief Procurement Officer
- Tenure: 1.8yrs
Neeraj Akhoury (51yo)
MD, CEO & Executive Director
- Tenure: 2.7yrs
- Compensation: ₹71.31m
Sridhar Balakrishnan
Chief Commercial Officer
- Tenure: 1.3yrs
Bhogendra Mishra
Head of Human Resources
- Tenure: 0.8yrs
Board Members
Narotam Sekhsaria (70yo)
Chairman of the Board
- Tenure: 13.8yrs
- Compensation: ₹5.41m
Vinayak Chatterjee (60yo)
Non Executive Independent Director
- Tenure: 0.6yrs
Sushil Roongta (69yo)
Non-Executive Independent Director
- Tenure: 8.7yrs
- Compensation: ₹4.49m
Shailesh Haribhakti (63yo)
Non-Executive Independent Director
- Tenure: 13.7yrs
- Compensation: ₹4.27m
Vijay Sharma (61yo)
Non Independent Non Executive Director
- Tenure: 5.7yrs
- Compensation: ₹2.05m
Jan Jenisch (53yo)
Deputy Chairman of the Board
- Tenure: 2yrs
- Compensation: ₹2.10m
Christof Hassig (61yo)
Non Executive Non Independent Director
- Tenure: 3.8yrs
- Compensation: ₹2.30m
Falguni Nayar (56yo)
Non Executive Independent Director
- Tenure: 5.5yrs
- Compensation: ₹2.31m
Neeraj Akhoury (51yo)
MD, CEO & Executive Director
- Tenure: 2.7yrs
- Compensation: ₹71.31m
Martin Kriegner (58yo)
Non Executive Non Independent Director
- Tenure: 3.7yrs
- Compensation: ₹430.00k
Company Information
ACC Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ACC Limited
- Ticker: ACC
- Exchange: NSEI
- Founded: 1936
- Industry: Construction Materials
- Sector: Materials
- Market Cap: ₹275.925b
- Shares outstanding: 187.79m
- Website: https://www.acclimited.com
Number of Employees
Location
- ACC Limited
- Cement House
- 121 Maharshi Karve Road
- Mumbai
- Maharashtra
- 400020
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500410 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jan 1992 |
| ACC | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jan 1992 |
Biography
ACC Limited manufactures and sells cement and ready mix concrete in India. The company offers ordinary Portland cement; blended cement, including fly-ash based Portland Pozzolana cement and Portland slag c ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/15 12:47 |
| End of Day Share Price | 2019/10/15 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.