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ACC

ACC NSE
₹1,185.30 +15.20 (+1.30%)
P/E
11.66
View as Markdown
MCP
Close 4 Nov 2026 ₹1,185.30 −647.10 −35.3% 1Y
Start ₹1,832.40

Key Fundamentals

SmallcapCement & Cement ProductsConstruction Materials

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
11.20%
Debt to Equity
0.02
EPS (TTM)
₹101.64
Book Value
₹1,101.02
Market Cap
—
P/E (TTM)
11.66
P/B
1.08
ROE
10.90%
Dividend Yield
0.64%
EBITDA
₹3,352 Cr
52W High
₹1,987.00
52W Low
₹1,115.00
Day Range
₹1,161.00 – ₹1,196.50
Volume
7,21,973

Peer Comparison

Commodities › Construction › Cement › Cement & Cement Products

ACC peer comparison
UltraTech Cement
₹11,816.0039.56₹3,46,219 Cr4.732.05%11.10%12.70%₹95,572 Cr₹8,834 Cr
Grasim Industries
₹3,138.0037.92₹2,11,790 Cr2.050.32%4.98%8.01%₹1,84,029 Cr₹11,261 Cr
Ambuja Cements
₹375.9521.09₹92,920 Cr1.570.54%8.85%5.61%₹39,867 Cr₹5,222 Cr
Shree Cement
₹24,175.0053.51₹86,846 Cr3.660.63%7.51%10.30%₹21,896 Cr₹1,637 Cr
JK Cement
₹5,076.3041.48₹39,409 Cr5.340.39%15.60%15.10%₹14,401 Cr₹939 Cr
Dalmia Bharat
₹1,407.0028.29₹26,437 Cr1.480.29%6.11%7.59%₹15,058 Cr₹953 Cr
ACC (this company)
₹1,185.3011.66₹22,384 Cr1.080.64%10.90%11.20%₹25,442 Cr₹1,908 Cr
Median 7 companies₹3,138.0037.92₹86,846 Cr2.050.54%8.85%10.30%₹25,442 Cr₹1,908 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

43 Weak

Data confidence 100/100

Category scores

Quality
27
Poor
Returns, margins, earnings quality 22% weight
Valuation
66
Good
Cheap vs sector & own history 24% weight
Growth
45
Average
Sales & profit trajectory 9% weight
Financial Health
57
Good
Solvency, leverage, coverage 9% weight
Momentum
16
Poor
Trend strength, vol-adjusted 12% weight
Ownership
43
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 1.08 times its book value

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 29.6 to 54.0 days.
  • Working capital days have increased from 31.9 days to 71.0 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
52.39
Neutral
MACD (12,26,9)
−13.41
Bullish
SMA (50)
1,212.34
Bearish
SMA (200)
1,382.49
Bearish

As of

Analyst Rating

Based on 23 analysts
HOLD48%

8 of 23 analysts rate Buy, 11 Hold, 4 Sell.

As of

BUY
8
35%
HOLD
11
48%
SELL
4
17%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10YIrregular period
5YIrregular period
3YIrregular period
1Y+19.30%
TTM+11.55%

Net profit

Net profit growth by window
10YIrregular period
5YIrregular period
3YIrregular period
1Y−11.03%
TTM−21.09%

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5YIrregular period
3YIrregular period
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5YIrregular period
3YIrregular period
1Y−2.68 pp
TTM−3.52 pp

Revenue by year

Revenue by year, ₹ crore
Dec 2015₹11,706 Cr
Dec 2016₹10,990 Cr
Dec 2017₹13,285 Cr
Dec 2018₹14,802 Cr
Dec 2019₹15,658 Cr
Dec 2020₹13,786 Cr
Dec 2021₹16,152 Cr
Mar 2024₹19,959 Cr
Mar 2025₹21,762 Cr
Mar 2026₹25,962 Cr

Net profit by year

Net profit by year, ₹ crore
Dec 2015₹587 Cr
Dec 2016₹658 Cr
Dec 2017₹925 Cr
Dec 2018₹1,521 Cr
Dec 2019₹1,378 Cr
Dec 2020₹1,430 Cr
Dec 2021₹1,863 Cr
Mar 2024₹2,335 Cr
Mar 2025₹2,402 Cr
Mar 2026₹2,137 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹2,307 Cr −31.2% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

As of 2026-11-03, ACC Ltd trades at ₹1,170.1 with a market cap of ₹22,339 crore, reflecting a P/E of 11.51x and a P/B of just 1.06x. The stock sits near its 52-week low of ₹1,115, having declined roughly 41% from its 52-week high of ₹1,987, while the company maintains a near debt-free balance sheet with a debt-to-equity ratio of 0.02.

Bull Case 6
  • ACC is virtually debt-free with a debt-to-equity ratio of just 0.02, giving it significant financial flexibility and resilience through cyclical downturns.
  • The stock trades at 1.06x book value, well below typical cement sector multiples, suggesting the market is pricing in limited premium over net asset value.
  • Compounded sales growth of 14% over 5 years and 12% on a TTM basis indicates healthy top-line momentum and demand traction.
  • Compounded profit growth of 31% over 3 years demonstrates the company's ability to expand earnings meaningfully over medium-term horizons.
  • 10-year compounded sales growth of 8% and profit growth of 12% reflect a consistent long-term track record of scaling revenue and earnings.
  • ROCE of 10.42% alongside near-zero leverage suggests returns are generated almost entirely from equity capital, indicating capital discipline.
Bear Case 8
  • TTM profit growth has turned sharply negative at -19%, signalling meaningful earnings pressure in the most recent period despite longer-term compounding.
  • The stock has delivered a 1-year return of -35% and a 5-year CAGR of -12%, reflecting sustained value destruction for shareholders across multiple timeframes.
  • Debtor days have nearly doubled from 29.6 to 54.0 days, indicating deteriorating receivable collection efficiency and potential credit quality concerns with customers.
  • Working capital days have expanded from 31.9 to 71.0 days, tying up substantially more capital in operations and straining cash conversion.
  • ROE stands at 10.4% as of the latest period, with only 12.6% averaged over the last 3 years — below the cost of equity most investors would demand for a cyclical business.
  • Even the 10-year stock CAGR is -3%, meaning long-term holders have seen negative returns, raising questions about structural value creation.
  • Dividend yield of 0.65% offers minimal income support while the stock undergoes a prolonged price correction.
  • The sharp divergence between TTM sales growth of 12% and TTM profit decline of -19% suggests margin compression, with rising costs or pricing pressure eroding profitability.

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

AI News Digest

9h ago

TL;DR: ACC is navigating a tough quarter with Q2 FY27 profit down 92% and EBITDA margins halving to 7%, though the YoY comparison is distorted by ₹864 crore in one-off tax benefits last year. On the positive side, RMC is growing strongly at 26.4%, the sales mix is improving with higher trade and premium shares, and 3.4 MT of new capacity has been commissioned. Key risks remain elevated input costs, weak cement realisations, and the stock trading near 52-week lows at -18.5% over six months. The outlook hinges on post-monsoon demand recovery, the Ambuja merger outcome, and whether improving pricing momentum can offset cost pressures in H2 FY27.

Headwinds 6
  • Q2 profit crashes 92% YoY Oct 27

    Consolidated net profit fell 92% to ₹93 crore in Q2 FY27 from ₹1,119 crore a year ago, though the prior year included ₹659 crore tax reversal and ₹205 crore interest on tax refund.

  • EBITDA margin halved to 7% Oct 27

    Operating EBITDA declined 53.3% to ₹401 crore with margins narrowing to 7% from 14.1% YoY. EBITDA per tonne stood at ₹414.

  • Revenue down 5.2% YoY Oct 27

    Revenue from operations fell 5.24% YoY to ₹5,689 crore in Q2 FY27, while total expenses rose 2.46% to ₹5,602 crore, squeezing profitability.

Positives 5
  • 3.4 MT capacity addition Oct 27

    ACC commissioned a 2.4 MTPA greenfield grinding unit at Salai Banwa (UP) and additional capacity at Kalamboli (Maharashtra), adding 3.4 MT of cement capacity.

  • RMC revenue up 26.4% Oct 27

    Ready Mix Concrete revenue grew 26.4% YoY to ₹574 crore with quarterly volume of 1.07 million cubic metres, registering 19% YoY volume growth.

  • Premium and trade mix improving Oct 27

    Trade share rose 7 percentage points YoY to 78%, premium products reached 47% of trade sales (up 3pp QoQ), and blended cement hit 85% of sales vs 78% YoY.

Neutral 3
  • LIC nominee director appointed Oct 6

    ACC appointed Vivek Paul as Additional Director representing LIC, effective October 6, 2026, following Nomination Committee recommendation.

  • Ambuja merger progressing Oct 27

    The proposed amalgamation with Ambuja Cements will proceed to NCLT for final sanction post shareholder approval, with completion expected during FY27 subject to regulatory approvals.

  • H1 FY27 revenue at ₹11,456 Cr Oct 27

    First half consolidated revenue stood at ₹11,456 crore vs ₹12,246 crore in H1 FY26, with H1 including ₹95 crore of VSS costs.

Quarterly Results

₹ Cr
ACC quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
5,201
4,435
4,914
5,409
5,199
4,634
5,972
6,115
6,087
6,005
6,483
7,146
5,808
5,689
Expenses
4,430
3,885
4,010
4,572
4,520
4,198
4,856
5,284
5,309
5,159
5,783
6,520
5,351
—
Operating Profit
771
549
905
837
679
436
1,116
830
778
846
700
626
457
—
OPM %
15%
12%
18%
15%
13%
9%
19%
14%
13%
14%
11%
9%
8%
—
Other Income
76.91
210
86.15
350
71.72
124
648
330
70
224
91
50
31
—
Interest
25
29
34
67
33
33
28
14
30
29
26
27
27
40
Depreciation
200
213
235
235
232
242
260
265
255
279
306
279
261
274
PBT
623
518
722
884
485
284
1,476
880
563
762
459
370
200
124
Tax %
25%
25%
26%
−7%
26%
30%
26%
15%
33%
−47%
12%
36%
26%
25%
Net Profit
466
388
538
945
361
200
1,092
751
375
1,119
404
238
147
93
EPS (₹)
24.82
20.65
28.63
50.23
19.15
10.63
58.14
39.99
19.99
59.6
21.52
12.69
7.83
—

Sep 2026: from the results filed on 27 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
ACC profit and loss, annual, ₹ crore
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023 15mMar 2024Mar 2025Mar 2026TTM
Sales
11,646
11,706
10,990
13,285
14,802
15,658
13,786
16,152
22,210
19,959
21,762
25,962
25,442
Expenses
10,116
10,123
9,532
11,370
12,754
13,245
11,431
13,154
20,285
16,897
18,701
23,004
22,813
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
2,629
OPM %
13%
14%
13%
14%
14%
15%
17%
19%
9%
15%
14%
11%
10%
Other Income
241
−90
115
137
153
332
50
164
196
735
1,175
429
398
Interest
83
65
79
99
88
86
57
55
77
155
108
112
109
Depreciation
568
663
609
644
603
606
639
601
841
885
1,001
1,118
1,125
PBT
1,120
766
885
1,310
1,510
2,053
1,709
2,506
1,203
2,757
3,127
2,157
1,794
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
2,335
2,402
2,137
1,909
EPS (₹)
61.88
31.3
35.06
49.23
80.97
73.35
76.16
99.21
47.13
124
128
114
102
Div. Payout %
55%
54%
49%
53%
17%
19%
18%
59%
20%
6%
6%
7%
—

Balance Sheet

₹ Cr
ACC balance sheet, annual, ₹ crore
Particulars 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
16,140
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
6,685
6,428
6,546
Total Liabilities
12,682
12,800
13,394
14,846
16,056
17,136
18,200
21,039
20,544
23,368
25,413
27,525
Fixed Assets
5,666
5,331
7,568
7,280
7,088
7,027
6,694
6,750
7,512
10,007
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
23,368
25,413
27,525

Cash Flow

₹ Cr
ACC cash flow, annual, ₹ crore
Particulars 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/EBITDA
104
107
114
93
80
112
124
104
−43
104
59
−55

Ratios

ACC financial ratios, annual
Particulars 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
20
54
Inventory Days
233
235
278
261
263
153
131
162
109
112
85
58
Days Payable
139
173
286
337
301
198
207
243
110
111
73
80
Cash Conversion Cycle
106
77
10
−58
−17
−30
−64
−70
13
16
32
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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view ACC insights

69 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 56.69%
  • DIIs 20.97%
  • Public 12.57%
  • FIIs 5.75%
  • Others 3.85%
  • Government 0.15%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about ACC

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.
Where is ACC Ltd (ACC) listed?
ACC Ltd trades as ACC on the NSE and under code 500410 on the BSE.
Which sector does ACC Ltd belong to?
ACC Ltd is classified under the Construction sector, in the Cement industry.
What is the PE ratio of ACC Ltd?
ACC Ltd trades at a PE ratio of 11.66 as of 4 Nov 2026, on earnings per share of ₹101.64, against a book value of ₹1,101.02 per share.
What is the 52-week high and low of ACC Ltd?
Over the last 52 weeks ACC Ltd has traded between ₹1,115 and ₹1,987 as of 4 Nov 2026.
Does ACC Ltd pay dividends?
ACC Ltd has a dividend yield of 0.64%.
What is the Return on Equity (ROE) of ACC Ltd?
ACC Ltd reported a return on equity of 10.90%. Its debt-to-equity ratio is 0.02.

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.

Website acclimited.com
CEO Mr. Vinod Mohanlal Bahety
Employees 3,170
Listed 20 Nov 1996
Face Value ₹10

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