ACC
ACC NSE
ACC
ConstructionNSE: ACC BSE: 500410 Cement
Key Fundamentals
SmallcapCementConstructionMarket Cap
₹23,190 Cr
Volatility
Moderate
P/E Ratio
12.26
EBITDA
₹3,352 Cr
Return on Equity
10.4%
Debt to Equity
0.02
Book Value
₹1,094.34
EPS
₹107.42
52W High
₹1,987
52W Low
₹1,250.1
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 1.14 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
Growth Rate
Revenue Growth
15.45% higher than
3Y
Net Income Growth
-11.04% lower than
3Y
Cash Flow Change
-180% lower than
3Y
ROE
-19.63% lower than
3Y
ROCE
-36.39% higher than
3Y
EBITDA Margin (Avg.)
-29.78% lower than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk high
ACC Ltd, with a market cap of ₹23,190 Cr, trades at a PE of 12.4x and 1.15x book value. The company is nearly debt-free with TTM sales growth of 12%, but profitability has declined 19% on a TTM basis, and working capital efficiency has deteriorated with debtor days rising from 29.6 to 54.0 days.
Bull Case 7
- Almost debt-free balance sheet, providing financial flexibility and low interest burden in a capital-intensive cement industry
- PE ratio of 12.4x is modest for a large cement company, suggesting the stock is not pricing in aggressive growth expectations
- Trading at just 1.15x book value, which is low relative to historical cement sector valuations
- TTM revenue growth of 12% indicates healthy top-line momentum despite a challenging demand environment
- 3-year compounded profit growth of 31% reflects strong earnings recovery over the medium term
- 10-year compounded sales CAGR of 8% and profit CAGR of 12% show a consistent long-term earnings trajectory
- 5-year compounded sales growth of 14% demonstrates the company's ability to scale revenue through industry cycles
Bear Case 8
- TTM compounded profit has declined 19%, signalling margin compression or rising input costs eroding profitability
- Stock price CAGR of -32% over 1 year and -15% over 3 years reflects sustained underperformance and negative sentiment
- Debtor days have nearly doubled from 29.6 to 54.0 days, indicating weakening collections and potential credit risk from customers
- Working capital days have more than doubled from 31.9 to 71.0 days, tying up significantly more cash in operations
- 3-year average ROE of 12.6% is below what investors typically expect from a well-run cement business
- Last year ROE fell to 11%, down from the 3-year average of 13%, showing a declining trend in capital efficiency
- 10-year stock CAGR of -2% means long-term shareholders have seen negative returns, lagging broader market indices significantly
- Apparently low tax rate raises questions about the sustainability of reported earnings and potential future tax normalisation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago Neutral 2
- Investor plant visit Sep 3 Aug 29
ACC Ltd will host a physical group meeting with investors and analysts at its Sanghi Plant on September 3, 2026, covering publicly available information.
- Adani Conference London/Abu Dhabi Aug 21
ACC Ltd will participate in the Adani Annual Conference 2026 in London and Abu Dhabi on September 7-9, 2026, with one-on-one and group investor meetings.
TL;DR: No material positive or negative developments in the recent news flow for ACC Ltd. Both updates are routine investor engagement activities — a Sanghi Plant visit and participation in the Adani Annual Conference 2026. The absence of operational or financial news makes it difficult to assess trend direction; investors should watch the upcoming interactions for any forward guidance or strategic updates.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
| 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 | 80 | 212 | 94 | 350 | 73 | 124 | 649 | 330 | 70 | 225 | 91 | 50 | 31 |
| Interest | 25 | 29 | 34 | 67 | 33 | 33 | 28 | 14 | 30 | 29 | 26 | 27 | 27 |
| Depreciation | 200 | 213 | 235 | 237 | 235 | 242 | 260 | 265 | 255 | 279 | 306 | 279 | 261 |
| PBT | 626 | 519 | 729 | 883 | 484 | 284 | 1,476 | 882 | 563 | 763 | 460 | 370 | 200 |
| Tax % | 25% | 25% | 26% | -7% | 26% | 30% | 26% | 15% | 33% | -47% | 12% | 36% | 26% |
| Net Profit | 466 | 388 | 538 | 943 | 360 | 200 | 1,092 | 751 | 375 | 1,119 | 404 | 238 | 147 |
| EPS in Rs | 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 |
Profit & Loss
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 15m | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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/OP | 104 | 107 | 114 | 93 | 80 | 112 | 124 | 104 | -43 | 104 | 59 | -55 |
Ratios
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view ACC insights
69 extracted metrics + investor summaries across FY10–FY27.
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 Sep - ACC Limited has informed about interaction with Investors / Analysts on September 17, 2026. 11 Sep - ACC Limited has informed about interaction with Investors / Analysts on September 17, 2026.
2
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Transcript of earnings call held on May 04, 2026, for the Audited Financial results of the Company for the quarter and year ended on March … 1d - Transcript of earnings call held on May 04, 2026, for the Audited Financial results of the Company for the quarter and year ended on March …
3
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 May - ACC Limited has informed about interaction with Investors / Analysts on May 11, 2026, May 12, 2026, and May 13, 2026. 6 May - ACC Limited has informed about interaction with Investors / Analysts on May 11, 2026, May 12, 2026, and May 13, 2026.
5
Announcement under Regulation 30 (LODR)-Investor Presentation
4 May - ACC Limited has informed about Investor Presentation - Operational & Financial Highlights of the Company for the quarter and financial year ended March 31, 2026. 4 May - ACC Limited has informed about Investor Presentation - Operational & Financial Highlights of the Company for the quarter and financial year ended March 31, 2026.
3
Shareholders Meeting Pursuant To The Order Passed By Honble National Company Law Tribunal Ahmedabad Bench. 27 Aug 2026
Intimation
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.[1][2]
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 market capitalisation of ACC Ltd?
ACC Ltd has a market capitalisation of ₹23,190 Cr, which places it in the Large Cap band.
What is the PE ratio of ACC Ltd?
ACC Ltd trades at a PE ratio of 12.26, on earnings per share of ₹107.42, against a book value of ₹1,094.34 per share.
What is the 52-week high and low of ACC Ltd?
Over the last 52 weeks ACC Ltd has traded between ₹1,250.1 and ₹1,987.
Does ACC Ltd pay dividends?
ACC Ltd has a dividend yield of 0.60%.
What is the Return on Equity (ROE) of ACC Ltd?
ACC Ltd reported a return on equity of 10.40%. 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.[1][2]
Website acclimited.com
CEO Mr. Vinod Mohanlal Bahety
Employees 3,170
Listed 1996-11-20
Face Value ₹ 10
Issued Size 18,77,87,263
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/ACC.md for ACC Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.