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ACC

ACCNSEI:ACC Stock Report

Last Price

₹2.18k

Market Cap

₹409.4b

7D

-2.3%

1Y

33.1%

Updated

26 Jan, 2022

Data

Company Financials +
ACC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends3/6

ACC Stock Overview

ACC Limited manufactures and sells cement and ready-mix concrete in India.

ACC Competitors

UltraTech Cement

NSEI:ULTRACEMCO

₹2.0t

Ambuja Cements

BSE:500425

₹698.1b

Dalmia Bharat

NSEI:DALBHARAT

₹343.4b

Ramco Cements

NSEI:RAMCOCEM

₹203.1b

Price History & Performance

Summary of all time highs, changes and price drops for ACC
Historical stock prices
Current Share Price₹2,179.95
52 Week High₹2,589.00
52 Week Low₹1,584.20
Beta0.64
1 Month Change2.02%
3 Month Change-4.72%
1 Year Change33.10%
3 Year Change57.22%
5 Year Change48.44%
Change since IPO85.80%

Recent News & Updates

Nov 23
ACC (NSE:ACC) Is Looking To Continue Growing Its Returns On Capital

ACC (NSE:ACC) Is Looking To Continue Growing Its Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...

Nov 10
We Think ACC (NSE:ACC) Can Manage Its Debt With Ease

We Think ACC (NSE:ACC) Can Manage Its Debt With Ease

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Oct 28
Do ACC's (NSE:ACC) Earnings Warrant Your Attention?

Do ACC's (NSE:ACC) Earnings Warrant Your Attention?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Sep 23
Calculating The Intrinsic Value Of ACC Limited (NSE:ACC)

Calculating The Intrinsic Value Of ACC Limited (NSE:ACC)

In this article we are going to estimate the intrinsic value of ACC Limited ( NSE:ACC ) by taking the expected future...

Aug 08
The Return Trends At ACC (NSE:ACC) Look Promising

The Return Trends At ACC (NSE:ACC) Look Promising

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...

Shareholder Returns

ACCIN Basic MaterialsIN Market
7D-2.3%-6.9%-4.9%
1Y33.1%35.6%30.7%

Return vs Industry: ACC underperformed the Indian Basic Materials industry which returned 35.6% over the past year.

Return vs Market: ACC exceeded the Indian Market which returned 30.7% over the past year.

Price Volatility

Is ACC's price volatile compared to industry and market?
ACC volatility
ACC Average Weekly Movement3.7%
Basic Materials Industry Average Movement5.5%
Market Average Movement6.8%
10% most volatile stocks in IN Market10.1%
10% least volatile stocks in IN Market4.1%

Stable Share Price: ACC is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ACC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19366,401Sridhar Balakrishnanhttps://www.acclimited.com

ACC Limited manufactures and sells cement and ready-mix concrete in India. The company provides ordinary Portland cement; blended cement, including Portland Pozzolana cement, Portland slag cement, and composite cement; gold and silver range of cement; ready mixed concrete value-added products; and bulk cement. It also offers construction chemicals, such as ACC LeakBlock, a polymer-based integral waterproofing compound used in various types of cement mortar, plasters, and concrete; ACC LeakBlock WaterProof Plaster - LB 101, a ready-to-use cementitious waterproof mortar for internal and external plaster applications; and tile adhesives.

ACC Fundamentals Summary

How do ACC's earnings and revenue compare to its market cap?
ACC fundamental statistics
Market Cap₹409.37b
Earnings (TTM)₹20.55b
Revenue (TTM)₹160.71b

19.9x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACC income statement (TTM)
Revenue₹160.71b
Cost of Revenue₹60.37b
Gross Profit₹100.34b
Expenses₹79.79b
Earnings₹20.55b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 09, 2022

Earnings per share (EPS)109.41
Gross Margin62.43%
Net Profit Margin12.78%
Debt/Equity Ratio0.7%

How did ACC perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

13%

Payout Ratio

Valuation

Is ACC undervalued compared to its fair value and its price relative to the market?

5.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ACC (₹2179.95) is trading below our estimate of fair value (₹2311.08)

Significantly Below Fair Value: ACC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ACC is poor value based on its PE Ratio (19.9x) compared to the Indian Basic Materials industry average (16.8x).

PE vs Market: ACC is good value based on its PE Ratio (19.9x) compared to the Indian market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: ACC is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: ACC is overvalued based on its PB Ratio (3x) compared to the IN Basic Materials industry average (1.6x).


Future Growth

How is ACC forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACC's forecast earnings growth (9.6% per year) is above the savings rate (6.7%).

Earnings vs Market: ACC's earnings (9.6% per year) are forecast to grow slower than the Indian market (21.3% per year).

High Growth Earnings: ACC's earnings are forecast to grow, but not significantly.

Revenue vs Market: ACC's revenue (8.9% per year) is forecast to grow slower than the Indian market (13.1% per year).

High Growth Revenue: ACC's revenue (8.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ACC's Return on Equity is forecast to be low in 3 years time (13.9%).


Past Performance

How has ACC performed over the past 5 years?

20.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACC has high quality earnings.

Growing Profit Margin: ACC's current net profit margins (12.8%) are higher than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: ACC's earnings have grown significantly by 20.3% per year over the past 5 years.

Accelerating Growth: ACC's earnings growth over the past year (66.9%) exceeds its 5-year average (20.3% per year).

Earnings vs Industry: ACC earnings growth over the past year (66.9%) underperformed the Basic Materials industry 72.6%.


Return on Equity

High ROE: ACC's Return on Equity (15.1%) is considered low.


Financial Health

How is ACC's financial position?


Financial Position Analysis

Short Term Liabilities: ACC's short term assets (₹91.7B) exceed its short term liabilities (₹48.3B).

Long Term Liabilities: ACC's short term assets (₹91.7B) exceed its long term liabilities (₹7.1B).


Debt to Equity History and Analysis

Debt Level: ACC has more cash than its total debt.

Reducing Debt: Insufficient data to determine if ACC's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ACC's debt is well covered by operating cash flow (2102%).

Interest Coverage: ACC earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is ACC current dividend yield, its reliability and sustainability?

0.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ACC's dividend (0.64%) is higher than the bottom 25% of dividend payers in the Indian market (0.31%).

High Dividend: ACC's dividend (0.64%) is low compared to the top 25% of dividend payers in the Indian market (1.37%).


Stability and Growth of Payments

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 (12.8%), ACC's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ACC's dividends in 3 years are forecast to be well covered by earnings (22.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Sridhar Balakrishnan (51 yo)

1.92yrs

Tenure

₹33,245,000

Compensation

Mr. Sridhar Balakrishnan has been Managing Director, Chief Executive Officer of ACC Limited since February 21, 2020 and Executive Director since February 20, 2020 and had been its Chief Commercial Officer...


CEO Compensation Analysis

Compensation vs Market: Sridhar's total compensation ($USD444.71K) is below average for companies of similar size in the Indian market ($USD765.90K).

Compensation vs Earnings: Insufficient data to compare Sridhar's compensation with company performance.


Leadership Team

Experienced Management: ACC's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: ACC's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ACC Limited's employee growth, exchange listings and data sources


Key Information

  • Name: ACC Limited
  • Ticker: ACC
  • Exchange: NSEI
  • Founded: 1936
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: ₹409.367b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 12:04
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.