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Acc Ltd Company Analysis

Acc Ltd Company Analysis

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Published by: Raunak Doshi on Feb 16, 2011
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01/12/2012

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Akshat Mallik L.

Srinivas Ranjit Kumar Raunak Srikanth Anna Shaji Suptha

Group 2 1021302 1021320 1021326 1021327 1021331 1021337 1021354

ACC (ACC Limited) formed by F.E Dinshaw in 1936 & is India's foremost manufacturer of cement and concrete. The largest cement producer in India. ACC has a unique track record of innovative research, product development and specialized consultancy services. The company's various manufacturing units are backed by a central technology support services centre - the only one of its kind in the Indian cement industry. The management control of company was taken over by Swiss cement major Holcim in 2004

Presently, there are around 12 cement plants of ACC Ltd which cater to the different market segments of the country AUDITORS REPORT DIRECTORS REPORT FINANCIAL RATIOS S

RATIO Gross Profit Margin Asset Turnover Fixed Asset Turnover EPS

FORMULA

STAND ARD

2009 2008 200 7 0.2 0.166 0.20 5 1.25 1.24 1.26 1.26

2006 200 5 0.212 0.168

Gross Profit/ Net 20%Sales 25% (PAT/Avg. total assets) Net sales/Avg Fixed assets Net profit /No. of Equity shares

1.19 1.19

1.19 1.72

0.69 1.05

85.6

64.63 76.7 5

66.02 30.02

Standar 2009 2008 2007 2006 2005 d Operating (EBIT/Net 31.9 24.6 28.1 29.1 18.2 profit sales) in % 6 1 margin Ratio Formula

Ratio Current Ratio

Formula Current assets/ Current Liabilities Current assets ± inventories/ Current liabilities (Net sales/Avg. Debtors) Cost of goods sold/Avg. Inventories (360/Debtor turnover) (360/Inventory turnover)

Standar d 2.0

2009 0.67

2008 2007 0.89 0.86

2006 0.77

2005 0.58

Quick ratio

0.42

0.61

0.55

0.61

0.42

Debtor turnover Inventory turnover Avg. debt collection period Avg. inventory holding peiod Operating cycle

31.22 25.22

24.1 2 27.5 1 14.9 2 13.0 8 28

27.4

27.75 16.34 5.37

24.85 9.33

11.53

13.33 12.97 22.03

14.27

14.48 38.58 67.03

25.8

27.81 51.55 89.0

Ratio Debt to Equity Ratio

Formula Secured + Unsecured Loans/ Shareholder¶s Equity

Standard 2009 0.25 ± 0.33 0.09

2008 0.1

2007 0.07

2006 0.25

2005 0.5

Long term Long term debt to debt/shareholder¶ equity ratio s equity

-

0.09

0.1

0.07

0.2

0.39

Ratio Dividend payout ratio net profit Return on capital employed

Formula

2009

2008 36.2

2007 30.49

2006 26

2005 30.92

annual dividends per 31.43 share / net income.

(PBIT/Capital employed) in %

35.8

31.43

39.84

38.35

14.16

CASH FLOW STATEMENT
(In Crores)

Dec-05

Dec-06

Dec-07

Dec-08

Dec-09

NET BEFORE TAX Net Cash From Operating Activities

405.46 643.84

1449.8 1421.68

1717.1 2004.9

1687.7 1708.33

2294.3 2397.94

Net Cash (used in)/from Investing activities

-181.23

-482.7

-824.3

-1170.44

-2181.22

Net Cash (used in)/from Financing Activities

-419.04

-423.42

-1057.29

-297.13

-454.58

Net (decrease)/increase In Cash and Cash equivalents

43.57

515.56

123.31

240.76

-237.86

Opening Cash & Cash Equivalents Closing Cash & Cash Equivalents

59.22 102.79

104.61 620.17

620.17 743.48

743.48 984.24

984.24 746.3

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