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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500410 | NSE: ACC

Fundamental Analysis of ACC Ltd

Basic Stock Data of ACC Ltd

Last Updated: April 10, 2024, 3:20 am

Market Cap 48,655 Cr.
Current Price 2,591
High / Low2,760/1,700
Stock P/E29.0
Book Value 789
Dividend Yield0.35 %
ROCE10.0 %
ROE7.06 %
Face Value 10.0
PEG Ratio8.56

Competitors of ACC Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Heidelberg Cement India Ltd 4,550 Cr. 202247/16729.4 61.43.47 %10.7 %6.55 % 10.0
Kesoram Industries Ltd 5,830 Cr. 188190/60.0 3.050.00 %11.0 %125 % 10.0
The Ramco Cements Ltd 18,066 Cr. 7641,058/74345.7 3020.26 %8.20 %5.67 % 1.00
Deccan Cements Ltd 859 Cr. 616668/42919.4 5000.61 %9.00 %7.42 % 5.00
Kakatiya Cement Sugar & Industries Ltd 165 Cr. 212278/185 2901.41 %1.14 %0.59 % 10.0
Industry Average5,894.00 Cr396.4018.90231.291.15%8.01%29.05%7.20

ACC Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4,1454,2923,8853,7494,2264,4274,4683,9874,5374,7915,2014,4354,914
Expenses3,5733,4323,0163,0373,6703,7924,0423,9714,1584,3224,4303,8854,010
Operating Profit57286086971255663542616379469771549905
OPM %14%20%22%19%13%14%10%0%8%10%15%12%18%
Other Income-1084849651625856-35558021294
Interest17111317131115181915252934
Depreciation157143146151160154165173173177200213235
Profit before tax289754758610384532305-118152331626519729
Tax %-63%25%25%26%27%26%25%26%26%29%25%25%26%
Net Profit472563569450281396227-87113236466388538
EPS in Rs25.1629.9630.3223.9714.9521.1012.11-4.656.0312.5524.8220.6528.63

Last Updated: May 7, 2024, 11:20 pm

ACC Ltd Quarterly Chart

ACC Ltd Profit & Loss - Annual Report

Last Updated: May 27, 2024, 4:53 am

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023TTM
Sales10,15311,27511,06211,64611,70610,99013,28514,80215,65813,78616,15222,21019,341
Expenses8,2329,0789,41610,11610,1239,53211,37012,75413,24511,43113,15420,28516,648
Operating Profit1,9212,1971,6461,5291,5831,4581,9152,0482,4132,3552,9981,9252,693
OPM %19%19%15%13%14%13%14%14%15%17%19%9%14%
Other Income191-72265241-9011513715333250164196440
Interest97115114836579998886575577103
Depreciation510569584568663609644603606639601841825
Profit before tax1,5051,4411,2141,1207668851,3101,5102,0531,7092,5061,2032,206
Tax %14%27%11%-3%25%26%29%-1%33%16%26%26%
Net Profit1,3011,0591,0951,1625876589251,5211,3781,4301,8638851,627
EPS in Rs69.2956.4258.3161.8831.3035.0649.2380.9773.3576.1699.2147.1386.65
Dividend Payout %40%53%52%55%54%49%53%17%19%18%59%20%

ACC Ltd Profit & Loss Yearly Chart

Unable to calculate Year-wise YoY Net Profit Growth.

ACC Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:6%
3 Years:13%
TTM:-10%
Compounded Profit Growth
10 Years:7%
5 Years:7%
3 Years:12%
TTM:113%
Stock Price CAGR
10 Years:7%
5 Years:8%
3 Years:9%
1 Year:46%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:12%
Last Year:14%

Last Updated: April 10, 2024, 3:20 am

ACC Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Sep 2023
Equity Capital188188188188188188188188188188188188188
Reserves6,7917,1847,6258,0308,2338,6259,16810,34411,35612,51114,12113,95014,631
Borrowings51116335000000102126153407
Other Liabilities4,4314,3934,2534,4644,3794,5815,4905,5245,5925,3996,6046,2526,912
Total Liabilities11,92111,92812,10112,68212,80013,39414,84616,05617,13618,20021,03920,54422,137
Fixed Assets6,4065,9315,5705,6665,3317,5687,2807,0887,0276,6946,7507,5128,821
CWIP3703158321,9562,3962612693984465481,2161,6841,116
Investments1,2932,4792,1261,3851,31411795104116129150163165
Other Assets3,8513,2033,5733,6753,7595,4487,2028,4669,54710,82812,92311,18512,036
Total Assets11,92111,92812,10112,68212,80013,39414,84616,05617,13618,20021,03920,54422,137

ACC Ltd Reserves and Borrowings Chart

ACC Ltd Cash Flow

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023
Cash from Operating Activity 1,5761,5771,0631,3521,4571,3901,5541,1182,2552,2192,835-1,235
Cash from Investing Activity -258-308-862-1,457-904-533-379-364-321-535-988-4,637
Cash from Financing Activity -768-1,066-834-837-716-430-426-380-374-327-331-1,238
Net Cash Flow549203-633-942-1644267503741,5591,3571,517-7,110

ACC Ltd Free Cash Flow

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023
Free Cash Flow-510.00-161.00-34.001.001.001.001.002.002.00-100.00-124.00-152.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

ACC Ltd Free Cash Flow Chart

ACC Ltd Financial Efficiency Indicators

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023
Debtor Days101013131518182115121014
Inventory Days258239231233235278261263153131162109
Days Payable189139132139173286337301198207243100
Cash Conversion Cycle791101121067710-58-17-30-64-7023
Working Capital Days-62-55-59-54-53-64-51-28-42-62-7137
ROCE %22%24%17%15%12%11%16%16%19%16%19%10%

ACC Ltd Financial Efficiency Indicators Chart

ACC Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters54.53%54.53%54.53%54.53%54.53%54.53%56.69%56.69%56.69%56.69%56.69%56.69%
FIIs12.74%13.67%13.69%13.86%12.85%12.21%11.42%11.95%10.05%9.98%7.10%6.24%
DIIs20.18%19.32%19.28%19.16%19.89%20.56%18.95%18.64%19.51%19.35%22.79%24.14%
Government0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%
Public12.40%12.33%12.35%12.30%12.58%12.54%12.78%12.55%13.57%13.80%13.26%12.76%
No. of Shareholders1,08,1741,16,7931,25,5521,22,3471,35,3101,37,3911,41,9221,31,4121,70,3731,77,1781,67,6391,64,547

ACC Ltd Shareholding Pattern Chart

No. of ACC Ltd Shareholders

ACC Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Mid-Cap Opportunities Fund - Regular Plan21865260.86483.5
Mirae Asset Large & Midcap Fund15795231.07349.27
SBI Contra Fund14431711.49319.12
SBI Large & Midcap Fund13584401.59300.39
Aditya Birla Sun Life Frontline Equity Fund10582640.9234.01
Mirae Asset Midcap Fund9770191.56216.04
ICICI Prudential Value Discovery Fund8684110.51192.03
Aditya Birla Sun Life Focused Fund7573122.47167.46
DSP ELSS Tax Saver Fund7258681.18160.51
Franklin India Flexi Cap Fund7000001.12154.79

ACC Ltd ROCE Trend

ACC Ltd EPS Trend

ACC Ltd Key Financial Ratios

MonthMar 23Dec 21Dec 20Dec 19Dec 18
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)47.1399.2176.1673.3580.97
Diluted EPS (Rs.)47.0198.9475.9873.1780.77
Cash EPS (Rs.)90.98130.44109.59104.79112.43
Book Value[Excl.RevalReserv]/Share (Rs.)752.27761.33675.69614.23560.40
Book Value[Incl.RevalReserv]/Share (Rs.)752.27761.33675.69614.23560.40
Revenue From Operations / Share (Rs.)1181.45859.18733.34832.89787.36
PBDIT / Share (Rs.)120.58170.48136.81145.28116.54
PBIT / Share (Rs.)75.83138.52102.83113.0384.45
PBT / Share (Rs.)63.11132.7190.43108.4479.78
Net Profit / Share (Rs.)46.2398.4975.6172.5380.34
NP After MI And SOA / Share (Rs.)47.0899.1076.0873.2780.88
PBDIT Margin (%)10.2019.8418.6517.4414.80
PBIT Margin (%)6.4116.1214.0213.5710.72
PBT Margin (%)5.3415.4412.3313.0110.13
Net Profit Margin (%)3.9111.4610.308.7010.20
NP After MI And SOA Margin (%)3.9811.5310.378.7910.27
Return on Networth / Equity (%)6.2613.0111.2611.9314.43
Return on Capital Employeed (%)9.5617.3214.4217.0813.98
Return On Assets (%)4.308.857.858.039.46
Asset Turnover Ratio (%)1.070.820.780.940.95
Current Ratio (X)1.461.731.761.601.42
Quick Ratio (X)1.181.511.571.361.06
Inventory Turnover Ratio (X)6.275.044.163.823.48
Dividend Payout Ratio (NP) (%)123.0614.1118.3819.0818.52
Dividend Payout Ratio (CP) (%)63.0810.6712.7013.2513.26
Earning Retention Ratio (%)-23.0685.8981.6280.9281.48
Cash Earning Retention Ratio (%)36.9289.3387.3086.7586.74
Interest Coverage Ratio (X)29.3358.6745.0631.6624.96
Interest Coverage Ratio (Post Tax) (X)14.3435.9028.9816.8118.21
Enterprise Value (Cr.)30922.0034164.5424421.8422513.4125194.79
EV / Net Operating Revenue (X)1.392.121.771.441.70
EV / EBITDA (X)13.6410.669.508.2411.50
MarketCap / Net Operating Revenue (X)1.412.582.211.731.91
Retention Ratios (%)-23.0685.8881.6180.9181.47
Price / BV (X)2.222.912.402.352.69
Price / Net Operating Revenue (X)1.412.582.211.731.91
EarningsYield0.020.040.040.050.05

ACC Ltd Profitability Ratios (%)

ACC Ltd Liquidity Ratios

ACC Ltd Liquidity Ratios (%)

ACC Ltd Interest Coverage Ratios (%)

ACC Ltd Valuation Ratios

Fair Value

Fair Value: ₹1,621.05

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 37.44% compared to the current price ₹2591

Intrinsic Value: ₹1,675.99

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 35.32% compared to the current price ₹2591

Last 5 Year EPS CAGR: 3.39%

*Investments are subject to market risks

Strength and Weakness of ACC Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -47.00, which is a positive sign.
  3. The company has higher reserves (10,197.62 cr) compared to borrowings (115.15 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (13.54 cr) and profit (128.08 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 23.17, which may not be favorable.

Should I Buy ACC Ltd Share Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in ACC Ltd:
    1. Net Profit Margin: 3.91%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 9.56% (Industry Average ROCE: 8.68%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✓ ROE%: 6.26% (Industry Average ROE: 5.89%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 14.34
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.18
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 29.0 (Industry average Stock P/E: 21.76)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - ACC Ltd

ACC Ltd. is a Public Limited Listed company incorporated on 01/08/1936 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L26940MH1936PLC002515 and registration number is 002515. Currently Company is involved in the business activities of Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement. Company’s Total Operating Revenue is Rs. 16151.35 Cr. and Equity Capital is Rs. 187.99 Cr. for the Year ended 31/12/2021.
INDUSTRYADDRESSCONTACT
CementCement House, Mumbai Maharashtra 400020ACC-InvestorSupport@acclimited.com
http://www.acclimited.com
Management
NamePosition Held
Mr. Karan AdaniChairman(NonExe.&Ind.Director)
Mr. Ajay KapurWholeTime Director & CEO
Mr. Vinay PrakashNon Exe.Non Ind.Director
Mr. Sandeep SinghiNon Exe.Non Ind.Director
Mr. Arun Kumar AnandNon Exe.Non Ind.Director
Mr. Nitin ShuklaInd. Non-Executive Director
Mr. Rajeev AgarwalInd. Non-Executive Director
Ms. Ameera ShahInd. Non-Executive Director

FAQ

What is the latest fair value of ACC Ltd?

The latest fair value of ACC Ltd is 1621.05.

What is the Market Cap of ACC Ltd?

The Market Cap of ACC Ltd is 48,655 Cr..

What is the current Stock Price of ACC Ltd as on 17 April 2024?

The current stock price of ACC Ltd as on 17 April 2024 is 2,591.

What is the High / Low of ACC Ltd stocks in FY 2024?

In FY 2024, the High / Low of ACC Ltd stocks is ₹2,760/1,700.

What is the Stock P/E of ACC Ltd?

The Stock P/E of ACC Ltd is 29.0.

What is the Book Value of ACC Ltd?

The Book Value of ACC Ltd is 789.

What is the Dividend Yield of ACC Ltd?

The Dividend Yield of ACC Ltd is 0.35 %.

What is the ROCE of ACC Ltd?

The ROCE of ACC Ltd is 10.0 %.

What is the ROE of ACC Ltd?

The ROE of ACC Ltd is 7.06 %.

What is the Face Value of ACC Ltd?

The Face Value of ACC Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in ACC Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE