Price Target Changed • Jun 05
Price target decreased by 7.3% to ₹1,730 Down from ₹1,865, the current price target is an average from 30 analysts. New target price is 30% above last closing price of ₹1,330. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₹99.40 for next year compared to ₹114 last year. Upcoming Dividend • Jun 05
Upcoming dividend of ₹7.50 per share Eligible shareholders must have bought the stock before 12 June 2026. Payment date: 26 July 2026. Payout ratio is a comfortable 5.9% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.6%). Reported Earnings • May 05
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹114 (down from ₹128 in FY 2025). Revenue: ₹263.6b (up 21% from FY 2025). Net income: ₹21.4b (down 11% from FY 2025). Profit margin: 8.1% (down from 11% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Duyuru • May 04
ACC Limited, Annual General Meeting, Jun 26, 2026 ACC Limited, Annual General Meeting, Jun 26, 2026, at 10:00 Indian Standard Time. Declared Dividend • May 02
Dividend of ₹7.50 announced Dividend of ₹7.50 is the same as last year. Ex-date: 12th June 2026 Payment date: 26th July 2026 Dividend yield will be 0.5%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 93% to increase the payout ratio to a potentially unsustainable range. Duyuru • May 01
ACC Limited announces Annual dividend, payable on July 26, 2026 ACC Limited announced Annual dividend of INR 7.5000 per share payable on July 26, 2026, ex-date on June 12, 2026 and record date on June 12, 2026. Duyuru • Apr 14
ACC Limited to Report Q4, 2026 Results on Apr 30, 2026 ACC Limited announced that they will report Q4, 2026 results on Apr 30, 2026 Reported Earnings • Jan 29
Third quarter 2026 earnings released: EPS: ₹21.52 (vs ₹58.14 in 3Q 2025) Third quarter 2026 results: EPS: ₹21.52 (down from ₹58.14 in 3Q 2025). Revenue: ₹65.4b (up 10% from 3Q 2025). Net income: ₹4.04b (down 63% from 3Q 2025). Profit margin: 6.2% (down from 18% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Jan 10
ACC Limited to Report Q3, 2026 Results on Jan 28, 2026 ACC Limited announced that they will report Q3, 2026 results on Jan 28, 2026 New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 11% per year for the foreseeable future. High level of non-cash earnings (32% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: ₹59.60 (vs ₹10.55 in 2Q 2025) Second quarter 2026 results: EPS: ₹59.60 (up from ₹10.55 in 2Q 2025). Revenue: ₹61.6b (up 33% from 2Q 2025). Net income: ₹11.2b (up 461% from 2Q 2025). Profit margin: 18% (up from 4.3% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Oct 16
ACC Limited to Report First Half, 2026 Results on Oct 31, 2025 ACC Limited announced that they will report first half, 2026 results on Oct 31, 2025 Reported Earnings • Jul 25
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: ₹19.99 (up from ₹19.24 in 1Q 2025). Revenue: ₹60.9b (up 18% from 1Q 2025). Net income: ₹3.75b (up 3.9% from 1Q 2025). Profit margin: 6.2% (down from 7.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Jul 14
ACC Limited to Report Q1, 2026 Results on Jul 24, 2025 ACC Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Jul 24, 2025 Upcoming Dividend • Jun 06
Upcoming dividend of ₹7.50 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 26 July 2025. Payout ratio is a comfortable 5.9% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.5%). New Risk • May 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Declared Dividend • Apr 26
Dividend of ₹7.50 announced Dividend of ₹7.50 is the same as last year. Ex-date: 13th June 2025 Payment date: 26th July 2025 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 2.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
Full year 2025 earnings released: EPS: ₹128 (vs ₹124 in FY 2024) Full year 2025 results: EPS: ₹128 (up from ₹124 in FY 2024). Revenue: ₹217.6b (up 9.0% from FY 2024). Net income: ₹24.0b (up 2.8% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Apr 18
ACC Limited to Report Q4, 2025 Results on Apr 24, 2025 ACC Limited announced that they will report Q4, 2025 results at 4:00 PM, Indian Standard Time on Apr 24, 2025 New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Price Target Changed • Jan 30
Price target decreased by 7.6% to ₹2,392 Down from ₹2,589, the current price target is an average from 35 analysts. New target price is 20% above last closing price of ₹1,994. Stock is down 21% over the past year. The company is forecast to post earnings per share of ₹93.17 for next year compared to ₹124 last year. Reported Earnings • Jan 28
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹58.14 (up from ₹28.63 in 3Q 2024). Revenue: ₹58.6b (up 19% from 3Q 2024). Net income: ₹10.9b (up 103% from 3Q 2024). Profit margin: 19% (up from 11% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • Jan 27
ACC Limited Approves Executive Changes ACC Limited announced that at its board meeting held on 27 January 2025, approved the following: Mr. Manish Mistry will relinquish his position as the company secretary and compliance officer (Key Managerial Personnel) of the company with effect from the closure of business hours on January 31, 2025; Mr. Bhavik Parikh will assume the role of Company Secretary and Compliance Officer (Key Managerial Personnel) of the company with effect from February 1, 2025. Mr. Bhavik Parikh is Associate Member (ACS) of The Institute of Company Secretaries of India (ICSI), New Delhi, a Graduate in Commerce from the Gujarat University. He possesses 10+ years of experience in areas of corporate laws compliances and secretarial practices. Before joining Adani Group in 2023, he has worked as an Asst. Company Secretary in Sanghi Industries Limited. He has also worked with the leading Practicing Company Secretary firm in Ahmedabad and handled the assignments like buy-backs, mergers and amalgamations (M&A), corporate restructuring activities, due diligence etc. Buy Or Sell Opportunity • Jan 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₹1,997. The fair value is estimated to be ₹2,566, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Buy Or Sell Opportunity • Jan 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₹1,974. The fair value is estimated to be ₹2,485, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Buy Or Sell Opportunity • Dec 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₹2,116. The fair value is estimated to be ₹2,660, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 19% in the next 2 years. Buy Or Sell Opportunity • Nov 21
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₹2,026. The fair value is estimated to be ₹2,638, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 19% in the next 2 years. Reported Earnings • Oct 25
Second quarter 2025 earnings released: EPS: ₹10.55 (vs ₹20.66 in 2Q 2024) Second quarter 2025 results: EPS: ₹10.55 (down from ₹20.66 in 2Q 2024). Revenue: ₹46.1b (up 4.0% from 2Q 2024). Net income: ₹2.00b (down 49% from 2Q 2024). Profit margin: 4.3% (down from 8.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 18
Now 20% overvalued Over the last 90 days, the stock has fallen 13% to ₹2,286. The fair value is estimated to be ₹1,904, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Duyuru • Oct 15
ACC Limited to Report Q2, 2025 Results on Oct 24, 2024 ACC Limited announced that they will report Q2, 2025 results on Oct 24, 2024 Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: ₹19.24 (vs ₹24.82 in 1Q 2024) First quarter 2025 results: EPS: ₹19.24 (down from ₹24.82 in 1Q 2024). Revenue: ₹51.5b (flat on 1Q 2024). Net income: ₹3.61b (down 23% from 1Q 2024). Profit margin: 7.0% (down from 9.0% in 1Q 2024). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.0% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Duyuru • Jul 16
ACC Limited to Report Q2, 2024 Results on Jul 29, 2024 ACC Limited announced that they will report Q2, 2024 results on Jul 29, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of ₹7.50 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 6.0% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.5%). Reported Earnings • Jun 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₹124 (up from ₹26.03 in FY 2023). Revenue: ₹199.6b (up 12% from FY 2023). Net income: ₹23.4b (up 378% from FY 2023). Profit margin: 12% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.8% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Apr 28
ACC Limited, Annual General Meeting, Jun 26, 2024 ACC Limited, Annual General Meeting, Jun 26, 2024, at 10:00 Indian Standard Time. Reported Earnings • Apr 27
Full year 2024 earnings released: EPS: ₹124 (vs ₹26.03 in FY 2023) Full year 2024 results: EPS: ₹124 (up from ₹26.03 in FY 2023). Revenue: ₹199.6b (up 12% from FY 2023). Net income: ₹23.4b (up 378% from FY 2023). Profit margin: 12% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Duyuru • Apr 26
ACC Limited Recommends Dividend for the Financial Year 2023-2024, Payable on or After 1 July 2024 ACC Limited announced that at the board meeting held on 25 April 2024 recommended Dividend of INR 7.50 per Equity Share of face value of INR 10 each fully paid-up for the Financial Year 2023-24, subject to approval of shareholders of the Company. Pursuant to the Regulation 42 of SEBI Listing Regulations, it is hereby informed that the Company has fixed 14 June 2024 as `Record Date' for the purpose of determining entitlement of the members of the Company to receive Dividend of INR 7.50 per Equity Share having face value of INR 10/- each fully paid-up for the financial year 2023-24. The said Dividend, if declared by the shareholders at the up coming AGM, shall be paid on or after 1 July 2024, subject to deduction of tax at source as applicable. Duyuru • Apr 21
ACC Limited to Report Q4, 2024 Results on Apr 25, 2024 ACC Limited announced that they will report Q4, 2024 results on Apr 25, 2024 Duyuru • Mar 28
ACC Limited Announces Executive Changes ACC Limited announced that at its board meeting held on March 28, 2024, the board approved that Mr. Hitesh Marthak will relinquish his position as the Company Secretary and Compliance Officer (Key Managerial Personnel) of the company with effect from the closure of business hours on March 31, 2024, as he will be assuming another role within the group. Mr. Manish Mistry, will assume the role of Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with effect from April 1, 2024. Mr. Manish Mistry is a Fellow Member of the Institute of Company Secretaries of India (ICSI), New Delhi, a Graduate in Commerce and Law from the M S University of Vadodara and Cost & Management Accountant (CMA). He possesses over 18 years of experience in areas of corporate laws compliances, secretarial and legal. Before joining Adani Group in 2022, he worked with various reputed corporates like Bell Ceramics, Alembic Group, Cadila Group, GACL etc. He has diversified experience of handling assignments like Mergers and Amalgamations (M&A), Corporate Restructuring, Acquisitions and Takeovers, Joint Ventures, Inspections and Investigations, due diligence and fund raising programs like FPOs, QIPs and debt securities etc. Price Target Changed • Feb 01
Price target increased by 8.1% to ₹2,477 Up from ₹2,291, the current price target is an average from 33 analysts. New target price is approximately in line with last closing price of ₹2,526. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹104 for next year compared to ₹26.03 last year. Reported Earnings • Jan 26
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹28.63 (up from ₹6.03 in 3Q 2023). Revenue: ₹50.0b (up 9.2% from 3Q 2023). Net income: ₹5.38b (up 375% from 3Q 2023). Profit margin: 11% (up from 2.5% in 3Q 2023). Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.5% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Duyuru • Jan 17
ACC Limited to Report Q3, 2024 Results on Jan 25, 2024 ACC Limited announced that they will report Q3, 2024 results on Jan 25, 2024 Duyuru • Jan 10
ACC Limited (NSEI:ACC) acquire 55% stake in Asian Concretes and Cements Pvt. Ltd for INR 4.3 billion. ACC Limited (NSEI:ACC) acquire 55% stake in Asian Concretes and Cements Pvt. Ltd for INR 4.3 billion on January 8, 2024. The transaction is for an enterprise value of INR 7.8 million. After the completion of the transaction, Asian Concretes and Cements will become a wholly owned subsidiary of ACC Limited. The transaction will be funded from internal accruals. Asian Concretes reported a turnover of INR 3 billion on March 31, 2023. The transaction will close within 7 working days. The acquisition is value accretive given that it will balance Adani Cement’s clinker facilities in North India.ACC Limited (NSEI:ACC) completed the acquisition of 55% stake in Asian Concretes and Cements Pvt. Ltd for INR 4.3 billion on January 8, 2024. Duyuru • Jan 09
ACC Limited (NSEI:ACC) agreed to acquire 55% stake in Asian Concretes and Cements Pvt. Ltd for INR 4.3 billion. ACC Limited (NSEI:ACC) agreed to acquire 55% stake in Asian Concretes and Cements Pvt. Ltd for INR 4.3 billion on January 8, 2024. The transaction is for an enterprise value of INR 7.8 million. After the completion of the transaction, Asian Concretes and Cements will become a wholly owned subsidiary of ACC Limited. The transaction will be funded from internal accruals. Asian Concretes reported a turnover of INR 3 billion on March 31, 2023. The transaction will close within 7 working days. The acquisition is value accretive given that it will balance Adani Cement’s clinker facilities in North India. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,185, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 28x in the Basic Materials industry in India. Total returns to shareholders of 35% over the past three years. Reported Earnings • Oct 28
Second quarter 2024 earnings released: EPS: ₹20.66 (vs ₹4.65 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹20.66 (up from ₹4.65 loss in 2Q 2023). Revenue: ₹46.4b (up 14% from 2Q 2023). Net income: ₹3.88b (up ₹4.75b from 2Q 2023). Profit margin: 8.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 5 years, compared to a 6.1% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Oct 18
ACC Limited to Report Q3, 2023 Results on Oct 26, 2023 ACC Limited announced that they will report Q3, 2023 results on Oct 26, 2023 Duyuru • Sep 06
ACC Limited Announces Resignation of Ka Chowdary, Chief Projects Officer, Effective from 8th September, 2023 ACC Limited informed that Mr. KA Chowdary, Chief Projects Officer has resigned from the services of the Company effective from the closing hours of 8th September, 2023, to pursue my passion and to align with his calling in a completely new sphere. Duyuru • Jul 28
ACC Limited Announces Appointment of Hitesh L. Marthak as Company Secretary and Compliance Officer, Effective17th August, 2023 ACC Limited announced based on recommendation of Nomination and Remuneration Committee, the Board approved the appointment of Mr. Hitesh L. Marthak as Company Secretary and Compliance officer with effect from 17th August, 2023. Mr. Hitesh has 25 years of rich and diversified experience in the areas of Strategic Company Secretarial, Stakeholder Engagement and People Management matters. Duyuru • Jul 25
Adani Group's Ambuja-ACC, JK Lakshmi Reportedly Lead Race to Acquire Sanghi Cement Adani group-owned Ambuja Cements Limited (BSE:500425)-ACC Limited (NSEI:ACC) and JK Lakshmi Cement Limited (BSE:500380) are ahead in the race to acquire Ahmedabad-based Sanghi Cements, Ltd. which is being sold for an estimated enterprise value of INR 60,000 million, people familiar with the matter said. The two frontrunners are expected to start due diligence on the company soon and, if it is satisfactory, place formal offers over the next two months, they said. Shree Cement Limited (NSEI:SHREECEM), Nirma Limited and Dalmia Bharat Limited (NSEI:DALBHARAT) had also submitted proposals to acquire a controlling stake in Sanghi Cement company, but are no longer in the running, the people said. Sanghi Cement is controlled by the family of Ravi Sanghi, promoters of Sanghi Industries. Sanghi Industries' shares hit a 52-week high of INR 93.35 on the BSE on July 24, 2023, giving the company a market capitalisation of around INR 24,000 million "No comments on market speculation," an Adani group spokesperson said in response to ET's queries. JK Lakshmi Cement and Sanghi Cement declined to comment. Dalmia and Nirma group also declined to comment. Shree Cement confirmed it has dropped out of the race to acquire Sanghi Cement. Ambuja-ACC, JK Lakshmi Cement and UltraTech are the top three cement players in Gujarat from where Sanghi Cement derives the bulk of its revenues. "It's a very strong strategic fit for Ambuja-ACC," a person briefed about discussions on the transaction remarked. Duyuru • Jul 24
ACC Limited to Report Q1, 2024 Results on Jul 27, 2023 ACC Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Jul 01
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹26.03 (down from ₹90.35 in FY 2022). Revenue: ₹177.8b (up 9.2% from FY 2022). Net income: ₹4.89b (down 71% from FY 2022). Profit margin: 2.7% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.9%. Revenue is forecast to grow 7.3% p.a. on average during the next 6 years, compared to a 5.6% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 30
Upcoming dividend of ₹9.25 per share at 0.4% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 19 August 2023. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.5%). Reported Earnings • Apr 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹26.03 (down from ₹90.35 in FY 2022). Revenue: ₹180.7b (up 11% from FY 2022). Net income: ₹4.89b (down 71% from FY 2022). Profit margin: 2.7% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.9%. Revenue is forecast to grow 7.7% p.a. on average during the next 4 years, compared to a 10% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹1,884, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 28x in the Basic Materials industry in India. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,099 per share. Duyuru • Jan 22
ACC Limited to Report Q3, 2023 Results on Jan 31, 2023 ACC Limited announced that they will report Q3, 2023 results on Jan 31, 2023 Duyuru • Jan 03
ACC Limited Launches Revolutionary Cutting-Edge Green Concrete Solution ACC Ecomaxx in Mumbai ACC Limited is all set to bring a new dimension to the building materials industry by launching `ACC ECOMaxX' in Mumbai and various other locations in the coming few days. It is an expert range of green concrete solution aimed towards building a sustainable future through conscious green construction. ACC ECOMaxX is the industry's broadest range of green concrete solutions, with 30% to100% lower embodied carbon content compared to a reference concrete designed with OPC. The products are developed using a Unique Green Ready Mix Technology that allows maximising green impact by reducing CO2 emissions by up to 100%. The innovative product range uses CO2 reduced binders and is manufactured with optimised mix design to enhance durability and finish. ACC ECOMaxX is a high performance, expert green concrete solution designed to contribute towards the sustainable construction needs of Contractors, Developers, Engineers and Architects and Individual Home Builders. There is a high demand for these products as India moves towards the new era of circular construction. The company has been a pioneer in this field by catalysing innovation and technology through this green concrete. ACC ECOMaxX offers a variety of products with lower embodied carbon content. Consumers have the option to select the level of environmental impact they wish to create from the broad spectrum of products: ACC ECOMaxX: Concrete with 30% to 50% lower embodied carbon content compared to standard OPC offering; ACC ECOMaxX PLUS: Technically more versatile product that offers substantially higher reduction than the general standards accessible in a given market, with a CO2 reduction level between 50% to70%; ACC ECOMaxX PRO: This product maximises the technical potential and pushes the boundaries of its technical know-how offering a top-tier product with a CO2 reduction of more than 70%; ACC ECOMaxX ZERO: This unique product offers a complete carbon-neutral concrete solution. The Mumbai Coastal Road Project, for instance, has maximised its green impact with ACC ECOMaxX by saving 3,447 tonnes of CO2 emissions compared to conventional concrete. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. CEO & Whole-Time Director Sridhar Balakrishnan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Nov 05
ACC Limited Announces Resignation of Rashmi Khandelwal as Company Secretary & Compliance Officer, Effective from November 15, 2022 ACC Limited informed that Ms. Rashmi Khandelwal, Company Secretary & Compliance Officer and a Key Managerial Personnel has tendered her resignation to pursue other opportunities outside the Company and she shall be relieved from the services of the Company with effect from close of business hours as on November 15, 2022. Board Change • Nov 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. CEO & Whole-Time Director Sridhar Balakrishnan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 18
Third quarter 2022 earnings released: ₹4.65 loss per share (vs ₹23.97 profit in 3Q 2021) Third quarter 2022 results: ₹4.65 loss per share (down from ₹23.97 profit in 3Q 2021). Revenue: ₹39.9b (up 6.4% from 3Q 2021). Net loss: ₹873.5m (down 119% from profit in 3Q 2021). Revenue is forecast to grow 7.2% p.a. on average during the next 6 years, compared to a 10% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Duyuru • Oct 11
ACC Limited to Report Q2, 2023 Results on Oct 17, 2022 ACC Limited announced that they will report Q2, 2023 results on Oct 17, 2022 Board Change • Oct 02
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 2 highly experienced directors. Non-Executive & Independent Director Shailesh Haribhakti is the most experienced director on the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Sep 01
ACC Limited Announces Resignation of Yatin Malhotra as Chief Financial Officer ACC Limited announced that Mr. Yatin Malhotra has resigned from the position of Chief Financial Officer of the Company with effect from August 31, 2022. Reported Earnings • Jul 15
Second quarter 2022 earnings released: EPS: ₹12.11 (vs ₹30.32 in 2Q 2021) Second quarter 2022 results: EPS: ₹12.11 (down from ₹30.32 in 2Q 2021). Revenue: ₹44.7b (up 15% from 2Q 2021). Net income: ₹2.27b (down 60% from 2Q 2021). Profit margin: 5.1% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.9%, compared to a 15% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 05
ACC Limited to Report Q2, 2022 Results on Jul 14, 2022 ACC Limited announced that they will report Q2, 2022 results on Jul 14, 2022 Duyuru • Apr 22
ACC Limited Approves Final Dividend for the Financial Year 2021 ACC Limited at its annual general meeting held on April 21, 2022, approved payment of final dividend of INR 58/- per equity share for the financial year 2021. Duyuru • Apr 09
ACC Limited to Report Q1, 2022 Results on Apr 19, 2022 ACC Limited announced that they will report Q1, 2022 results on Apr 19, 2022 Upcoming Dividend • Mar 28
Upcoming dividend of ₹58.00 per share Eligible shareholders must have bought the stock before 04 April 2022. Payment date: 21 May 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 2.8%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.9%). Duyuru • Feb 11
ACC Limited Recommends Dividend for the Year Ended December 31, 2021 Payable on or After April 27, 2022 ACC Limited recommended payment of dividend of INR 58 per Equity Share of INR 10 each (fully paid-up) for the financial year ended December 31, 2021 and the same shall be payable subject To Approve the Shareholders at the upcoming Annual General Meeting of the Company. The dividend, as recommended by the Board of Directors, if approved at the AGM will be paid on or after April 27, 2022. Record date for payment of dividend is April 05, 2022. Reported Earnings • Feb 10
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: ₹99.21 (up from ₹76.16 in FY 2020). Revenue: ₹163.6b (up 19% from FY 2020). Net income: ₹18.6b (up 30% from FY 2020). Profit margin: 11% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.2%. Over the next year, revenue is forecast to grow 8.8%, compared to a 13% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 10
ACC Limited, Annual General Meeting, Apr 21, 2022 ACC Limited, Annual General Meeting, Apr 21, 2022. Reported Earnings • Oct 20
Third quarter 2021 earnings released: EPS ₹23.97 (vs ₹19.38 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹38.1b (up 7.8% from 3Q 2020). Net income: ₹4.50b (up 24% from 3Q 2020). Profit margin: 12% (up from 10% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 21
Second quarter 2021 earnings released: EPS ₹30.32 (vs ₹14.43 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹38.8b (up 49% from 2Q 2020). Net income: ₹5.69b (up 110% from 2Q 2020). Profit margin: 15% (up from 10% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 20
First quarter 2021 earnings released: EPS ₹29.96 (vs ₹17.20 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₹42.9b (up 23% from 1Q 2020). Net income: ₹5.63b (up 74% from 1Q 2020). Profit margin: 13% (up from 9.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Mar 23
Upcoming dividend of ₹14.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 07 May 2021. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.8%). In line with average of industry peers (0.9%). Reported Earnings • Mar 13
Full year 2020 earnings released: EPS ₹76.16 (vs ₹73.35 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₹137.9b (down 12% from FY 2019). Net income: ₹14.3b (up 3.8% from FY 2019). Profit margin: 10% (up from 8.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Analyst Estimate Surprise Post Earnings • Mar 13
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.2%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the Basic Materials industry in India. Duyuru • Feb 19
ACC Limited Approves the Renewal of the Existing Master Supply Agreement with Ambuja Cements Limited The Audit Committee and the Board of Directors of ACC Limited has approved the renewal of the existing Master Supply Agreement (MSA) with Ambuja Cements Limited (ACL) for a period of 3 years effective May 02, 2021, on the same terms of the existing MSA Agreement. The MSA has also been approved by the Audit Committee and the Board of Directors of ACL. Is New 90 Day High Low • Feb 17
New 90-day high: ₹1,820 The company is up 8.0% from its price of ₹1,679 on 19 November 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹499 per share. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS ₹76.16 (vs ₹73.35 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₹140.0b (down 11% from FY 2019). Net income: ₹14.3b (up 3.8% from FY 2019). Profit margin: 10% (up from 8.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 12
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.2%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 14%, compared to a 16% growth forecast for the Basic Materials industry in India. Duyuru • Feb 12
ACC Limited, Annual General Meeting, Apr 07, 2021 ACC Limited, Annual General Meeting, Apr 07, 2021, at 15:00 Indian Standard Time. Duyuru • Jan 22
ACC Limited to Report Q4, 2020 Results on Feb 11, 2021 ACC Limited announced that they will report Q4, 2020 results on Feb 11, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: ₹1,761 The company is up 17% from its price of ₹1,506 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹728 per share. Is New 90 Day High Low • Nov 23
New 90-day high: ₹1,724 The company is up 23% from its price of ₹1,401 on 25 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹644 per share. Duyuru • Nov 20
N.G. Ghadiya Buildcon Private Limited entered into a share purchase agreement to acquire National Lime Stone Company Private Limited from ACC Limited (NSEI:ACC) for INR 200 million. N.G. Ghadiya Buildcon Private Limited entered into a share purchase agreement to acquire National Lime Stone Company Private Limited from ACC Limited (NSEI:ACC) for INR 200 million on November 18, 2020. The transaction is subject to satisfactory completion of the conditions precedent by the parties and in accordance with the other provisions of share purchase agreement and other definitive agreements. National Lime Stone Company Private Limited reported revenue of INR 0 and net worth of INR (3.838868) million for the year ending December 31, 2019. The transaction is expected to close in the next four weeks from signing of the share purchase agreement. Is New 90 Day High Low • Oct 27
New 90-day high: ₹1,687 The company is up 20% from its price of ₹1,410 on 29 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹562 per share. Analyst Estimate Surprise Post Earnings • Oct 21
Third-quarter earnings released: Revenue beats expectations, earnings disappoint Third-quarter revenue exceeded analyst estimates by 3.4% at ₹35.4b. Earnings per share (EPS) missed analyst estimates by 3.4% at ₹19.33. Revenue is forecast to grow 14% over the next year, compared to a 6.5% growth forecast for the Basic Materials industry in India. Reported Earnings • Oct 21
Third quarter earnings released Over the last 12 months the company has reported total profits of ₹12.3b, down 33% from the prior year. Total revenue was ₹135.9b over the last 12 months, down 12% from the prior year. Duyuru • Oct 20
ACC Limited Appoints Mr. M.R. Kumar as an Additional Director ACC Limited announced that its directors has approved the appointment of Mr. M.R. Kumar as an Additional Director on the Board of the Company with effect from October 19, 2020. Mr. Kumar is not related to any of the Directors of the Company. Mr. Kumar has affirmed that he is not debarred from holding office of Director by virtue of any order of Securities and Exchange Board of India or any other such authority. Price Target Changed • Oct 20
Price target raised to ₹1,679 Up from ₹1,550, the current price target is an average from 11 analysts. The new target price is 7.4% above the current share price of ₹1,563. As of last close, the stock is up 1.8% over the past year.