Mid Cement

ACC Ltd.

ACC

₹1840.6

-1.08% (-20.1)

Market Cap

₹34,942 Cr.

P/E

14.55

ACC Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on ACC Ltd. Shareprice

Has the share price of ACC grown faster than its competition?

ACC has given lower returns compared to its competitors.
ACC has grown at ~-3.26% over the last 3yrs while peers have grown at a median rate of 22.42%

Is ACC stock expensive?

ACC is not expensive.
Latest PE of ACC is 14.55, while 3 year average PE is 30.83.
Also latest EV/EBITDA of ACC is 10.88 while 3yr average is 17.1.

View FAQ's On Business

Growth Table

ACC Ltd.
Dalmia Bharat
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The Ramco Cements
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-30.57	0.43	-3.60	-2.39	7.68	3.02	5.39	1.36	1.79	2.59
TTM EPS CAGR	2.03	121	13.28	9.50	11.64	6.91	14.06	17.68	16.88	8.99
Sales CAGR	9.04	10.62	10.14	10.54	7.38	6.29	6.30	6.83	6.80	6.32
PAT Margin (Abs Growth)	-1.02	5.95	-0.55	0.30	1.67	0.10	2.98	4.23	5.14	0.71
PE CAGR	-31.48	-54.66	-14.60	-10.62	-3.06	-2.97	-7.56	-13.68	-12.72	-5.77
CFO CAGR	-42.86	—	-15.49	-6.29	-5.36	7.36	1.38	2.64	1.81	2.38

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

ACC Ltd.
Dalmia Bharat
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The Ramco Cements
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In Rs. Cr.	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	Mar'25
Assets	13,394	14,846	16,056	17,136	18,200	21,039	20,544	23,368	25,413
Non Current Assets	8,833	8,639	8,697	8,946	9,357	10,267	11,831	13,078	15,659
Net Block	7,568	7,280	7,088	7,027	6,694	6,750	7,512	10,007	10,829
Capital Work in Progress	261	269	398	446	548	1,216	1,684	986	2,061
Intangible Assets Under Development	—	—	—	—	—	—	—	—	—
Long Term Investments	117	94.86	104	116	129	150	163	51.86	50.46
Current Assets	4,093	5,642	6,673	7,524	8,446	10,366	8,253	9,704	9,138
Inventory	1,225	1,405	1,679	1,142	901	1,274	1,624	1,869	1,925
Accounts Receivable	533	666	867	627	451	462	869	828	1,163
Short Term Investments	—	—	—	—	—	—	—	759	1,458
Cash & Bank Balances	1,977	2,729	3,097	4,648	6,006	7,522	415	1,863	1,649
Liabilities	13,394	14,846	16,056	17,136	18,200	21,039	20,544	23,368	25,413
Shareholders Funds	8,813	9,356	10,532	11,544	12,699	14,309	14,138	16,328	18,555
Share Capital	188	188	188	188	188	188	188	188	188
Reserves	8,625	9,168	10,344	11,356	12,511	14,121	13,950	16,140	18,367
Non Current Liabilities	598	694	815	891	694	721	761	939	1,186
Secured Loans	—	—	—	—	—	—	—	—	—
Unsecured Loans	—	—	—	—	—	—	—	—	—
Current Liabilities	3,980	4,793	4,706	4,698	4,804	6,006	5,641	6,097	5,668
Accounts Payable	1,258	1,814	1,926	1,475	1,422	1,905	1,640	1,853	1,638
Short Term Loans	—	—	—	—	—	—	—	—	—

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

ACC Ltd.
Dalmia Bharat
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The Ramco Cements
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In Rs. Cr.	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	Mar'25
Sales	10,990	13,285	14,802	15,658	13,786	16,152	22,210	19,959	21,762
Operating Expenses	9,511	11,373	12,754	13,245	11,431	13,164	20,285	16,897	18,701
Raw Material	1,584	1,975	2,455	2,616	2,369	3,016	5,628	6,042	8,092
Material Cost (%)	14.57	14.75	15.74	17.35	18.22	17.60	24.47	30.44	37.86
Employee Cost	757	821	884	866	841	836	1,036	737	718
Power & Fuel Cost	2,160	2,717	3,001	3,134	2,575	3,365	5,743	4,003	3,505
Operating Profit	1,478	1,912	2,048	2,413	2,355	2,987	1,925	3,062	3,061
Other Income	123	129	143	318	217	218	342	493	1,072
OPM (%)	13.45	14.40	13.84	15.41	17.08	18.49	8.67	15.34	14.07
Depreciation and Amortisation	609	644	603	606	639	601	841	885	1,001
Interest	78.67	98.53	87.77	86.27	57.08	54.62	77.28	155	108
Profit Before Tax	885	1,310	1,510	2,053	1,709	2,506	1,203	2,757	3,127
Tax	227	386	-10.51	675	279	643	317	422	725
Net Profit	658	924	1,520	1,377	1,430	1,863	885	2,335	2,402
Number of shares(Crs)	18.78	18.78	18.78	18.78	18.78	18.78	18.78	18.78	18.78
Dividend Payout Ratio(%)	48.50	52.82	17.29	19.09	18.38	58.46	19.63	6.03	5.86

Cash Flow

ACC Ltd.
Dalmia Bharat
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The Ramco Cements
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In Rs. Cr.	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	1,390	1,554	1,118	2,255	2,219	2,835	-1,235	2,995	1,711
Profit Before Tax	885	1,310	1,510	2,053	1,709	2,506	1,203	2,757	3,127
Adjustments	595	554	526	379	829	485	637	287	-27.84
OCF Before Working Capital	1,480	1,864	2,036	2,432	2,538	2,991	1,840	3,044	3,099
Working Capital Changes	183	-90.74	-391	270	388	130	-2,671	133	-1,296
Taxes Paid	-274	-219	-528	-447	-707	-286	-404	-182	-91.81
Cash from Investing Activity	-535	-380	-364	-322	-535	-988	-4,637	-1,245	-1,277
Net Fixed Assets Purchased	-501	-520	-497	-495	-748	-1,153	-1,981	-1,349	-1,953
Fixed Assets Purchased	-522	-535	-520	-549	-749	-1,175	-2,105	-1,395	-1,968
Fixed Assets Sold	21.33	14.47	22.57	54.05	0.68	22.02	124	45.85	15.31
Investment Purchased	-135	-2.05	-122	-3,109	-7,996	-22.71	-2,891	-751	-707
Investment Sold	23.30	64.42	161	3,103	8,002	9.54	17.13	758	1,311
Interest Recieved	65.28	69.69	92.03	177	187	177	215	512	367
Dividends Recieved	—	—	—	—	—	—	—	—	—
Subsidiary Investments	—	—	—	—	20.00	—	—	-423	-299
Cash from Financing Activity	-430	-426	-380	-374	-327	-331	-1,238	-443	-1,002
Proceeds From Shares	0.23	—	—	—	—	—	—	—	—
Net Long Term Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-15.33
Proceeds From Borrowings	—	—	—	—	—	—	—	—	—
Repayment From Borrowings	—	—	—	—	—	—	—	—	-15.33
Interest Paid	-45.92	-41.55	-40.88	-57.22	-39.87	-31.63	-72.60	-143	-98.95
Dividend Paid	-319	-319	-282	-263	-263	-263	-1,089	-175	-143
Net Cash Flow	425	749	373	1,559	1,357	1,517	-7,110	1,307	-568
Opening Cash & Cash Equivalents	1,383	1,810	2,560	2,933	4,493	5,849	7,367	257	1,604
Effect of FX	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	1,810	2,560	2,933	4,493	5,849	7,367	257	1,604	1,051
Net Capex (est)	501	520	497	495	748	1,153	1,981	1,349	1,953
Free Cash Flow (est)	889	1,034	620	1,760	1,471	1,682	-3,216	1,646	-242

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

ACC Ltd.
Dalmia Bharat
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The Ramco Cements
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	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Mar'23	Mar'24	Mar'25
Operational Ratios
Quick Ratio	0.58	0.72	0.88	1.06	1.36	1.57	1.51	1.18	1.29	1.27
Liquid Assets (Crs)	2,214	2,868	4,237	4,994	6,382	7,544	9,092	6,629	7,836	7,212
Current Liabilities (Crs)	3,786	3,980	4,793	4,706	4,698	4,804	6,006	5,641	6,097	5,668
Current Ratio	0.90	1.03	1.18	1.42	1.60	1.76	1.73	1.46	1.59	1.61
Current Assets (Crs)	3,404	4,093	5,642	6,673	7,524	8,446	10,366	8,253	9,704	9,138
Current Liabilities (Crs)	3,786	3,980	4,793	4,706	4,698	4,804	6,006	5,641	6,097	5,668
Interest Coverage Ratio	12.84	12.25	14.30	18.21	24.79	30.94	46.89	16.56	18.84	29.89
EBIT (Crs)	995	992	1,398	1,588	2,125	1,933	2,604	1,426	2,669	3,132
Interest Expenses (Crs)	64.64	78.67	98.53	87.77	86.27	57.08	54.62	77.28	155	108
Fixed Asset Turnover	1.02	1.34	1.56	1.66	1.66	1.40	1.54	1.84	1.30	1.26
Net Sales (Crs)	11,797	10,990	13,285	14,802	15,658	13,786	16,152	22,210	19,959	21,762
Fixed Assets (Crs)	11,547	8,177	8,527	8,927	9,447	9,863	10,497	12,070	15,344	17,317
Cash Conversion Cycle	-116	-194	-237	-241	-184	-174	-183	-88.15	-62.27	-35.62
Inventory Days	33.71	35.18	33.79	34.76	29.25	23.96	21.38	21.17	28.70	27.36
Days Receivable	12.34	14.83	15.41	17.28	15.49	12.64	8.98	9.73	13.94	14.35
Days Payable	162	244	286	293	228	211	214	119	105	77.33
Debt to Equity Ratio	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt (Crs)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Shareholders Equity (Crs)	8,421	8,813	9,356	10,532	11,544	12,699	14,309	14,138	16,328	18,555
Free Cash Flow/Sales (%)	2.86	8.09	7.78	4.19	11.24	10.67	10.41	-14.48	8.25	-1.11
Free Cash Flow(est) (Crs)	337	889	1,034	620	1,760	1,471	1,682	-3,216	1,646	-242
Net Sales (Crs)	11,797	10,990	13,285	14,802	15,658	13,786	16,152	22,210	19,959	21,762
Profitability Ratios
Gross Margin (%)	84.40	85.43	85.25	84.26	82.65	81.78	82.40	75.53	69.56	62.14
Op Profit Margin (%)	13.03	13.45	14.40	13.84	15.41	17.08	18.49	8.67	15.34	14.07
Operating Profit (Crs)	1,657	1,601	2,041	2,191	2,731	2,572	3,205	2,267	3,555	4,134
Net Sales (Crs)	11,797	10,990	13,285	14,802	15,658	13,786	16,152	22,210	19,959	21,762
Net Profit Margin (%)	4.98	5.99	6.96	10.27	8.80	10.37	11.53	3.98	11.70	11.04
Net Profit (Crs)	588	658	924	1,520	1,377	1,430	1,863	885	2,335	2,402
Net Sales (Crs)	11,797	10,990	13,285	14,802	15,658	13,786	16,152	22,210	19,959	21,762
ROCE (%)	11.03	10.54	13.90	13.99	17.08	14.43	17.32	9.57	15.46	15.87
EBIT (Crs)	995	992	1,398	1,588	2,125	1,933	2,604	1,426	2,669	3,132
Capital Employed (Crs)	9,014	9,414	10,053	11,350	12,438	13,396	15,033	14,903	17,271	19,744
Return on Assets (%)	4.59	4.91	6.23	9.47	8.04	7.86	8.86	4.31	9.99	9.45
Net Profit (Crs)	588	658	924	1,520	1,377	1,430	1,863	885	2,335	2,402
Total Assets (Crs)	12,800	13,394	14,846	16,056	17,136	18,200	21,039	20,544	23,368	25,413
ROIC (%)	8.52	10.02	14.37	21.28	19.32	25.94	31.69	6.40	14.46	11.02
Op Profit after Taxes (Crs)	658	647	895	1,455	1,212	1,436	1,774	798	1,843	1,583
Invested Capital (Crs)	7,717	6,454	6,230	6,837	6,275	5,538	5,598	12,467	12,751	14,360
ROE (%)	6.98	7.47	9.88	14.44	11.93	11.26	13.02	6.26	14.30	12.95
Net Profit Margin (%)	4.98	5.99	6.96	10.27	8.80	10.37	11.53	3.98	11.70	11.04
Asset Turnover ratio	0.92	0.82	0.89	0.92	0.91	0.76	0.77	1.08	0.85	0.86
Equity Multiplier	1.52	1.52	1.59	1.52	1.48	1.43	1.47	1.45	1.43	1.37
Adjusted EPS	31.30	35.05	49.23	80.97	73.35	76.16	99.21	47.13	124	128
Valuation Ratios
P/E	43.44	37.90	35.71	18.59	19.70	21.25	22.35	35.36	20.03	15.19
Price to Book	3.03	2.83	3.53	2.68	2.35	2.39	2.91	2.21	2.86	1.97
EV/EBITDA	15.35	14.34	14.84	11.49	8.23	9.48	10.65	13.62	12.63	8.43
Dividend Yield (%)	1.25	1.28	1.48	0.93	0.97	0.87	2.62	0.56	0.30	0.39

Quarterly Results

ACC Ltd.
Dalmia Bharat
Loading...
The Ramco Cements
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	4,537	4,791	5,201	4,435	4,914	5,409	5,155	4,614	5,927	6,067
Operating Expenses	4,158	4,322	4,430	3,885	4,010	4,572	4,476	4,177	4,812	5,236
Increase/Decrease in Stock	119	157	-50.83	64.31	-76.78	97.67	-40.62	84.44	58.94	43.99
Raw Material	608	729	891	781	812	900	992	905	1,009	1,113
Employee Cost	203	212	197	195	178	167	164	181	197	175
Selling and Distribution Expenses	1,002	1,030	1,165	948	956	1,101	1,085	932	1,027	1,139
Electricity, Power & Fuel Cost	1,130	943	1,125	887	1,015	976	1,000	783	853	869
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	379	469	771	549	905	837	679	436	1,116	830
Other Income	40.67	119	76.91	210	86.15	120	71.72	159	648	194
Interest	18.86	15.24	25.11	28.86	33.91	66.70	33.14	33.26	28.19	13.63
PBDT	322	506	823	730	957	1,119	718	527	1,736	1,145
Depreciation and Amortization	173	177	200	213	235	237	232	242	260	265
Profit Before Tax	149	329	623	518	722	882	485	284	1,476	880
Tax	39.26	95.69	159	132	192	-60.29	125	84.34	385	131
Profit After Tax	110	234	463	386	530	943	360	200	1,091	749
Exceptional Items	-79.10	-66.42	0.00	0.00	0.00	230	0.00	-35.00	0.00	135
Net Profit	113	236	466	388	538	943	361	200	1,092	751
Quarterly Ratios
EPS	6.02	12.53	24.79	20.63	28.60	50.18	19.22	10.62	58.07	39.95
Operating Profit Margin	8.36	9.78	14.82	12.39	18.41	15.47	13.17	9.46	18.82	13.69
Net Profit Margin	2.43	4.88	8.91	8.71	10.79	17.43	6.99	4.34	18.41	12.35

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

18.00%

Implied Growth Rate over a 5 year period*

3.50%

Implied Growth Rate over a 10 year period*

0.10%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on ACC Ltd. Financials

How strong is ACC balance sheet?

Balance sheet of ACC is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of ACC increasing or decreasing?

Yes, The net debt of ACC is increasing.
Latest net debt of ACC is -₹3,298.53 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹3,725.73 Crs.

Is the profitablity of ACC improving?

Yes, profit is increasing.
The profit of ACC is ₹2,402 Crs for Mar 2025, ₹2,335 Crs for Mar 2024 and ₹885 Crs for Mar 2023

Does ACC pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
ACC latest dividend payout ratio is 5.86% and 3yr average dividend payout ratio is 10.51%

How has ACC allocated its funds?

Companies resources are majorly tied in miscellaneous assets

View FAQ's On Shareholding

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ACC Ltd.

ACC Ltd.

Has the share price of ACC grown faster than its competition?

Is ACC stock expensive?

How strong is ACC balance sheet?

Is the debt of ACC increasing or decreasing?

Is the profitablity of ACC improving?

Does ACC pay decent dividends?

How has ACC allocated its funds?

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