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Report as on 20 September 2021 at 04:18 PM

LOW DEBT
Healthy Growth in ACC
Long Term Operating Profits

Buy
Very Positive
Results in Jun 21
CMP: 2,326.60
Bullish STOCK INFO:
Technical Trend BSE – 500410/ NSE – ACC
Market Cap - Large Cap (Rs. 43,691 cr)
Sector – Cement
High (33.15%) 52 w H/L (Rs.) – 2506.4/1295.3
Dividend Yield: 0.58%
Institutional Holding Debt Equity: -0.42%
Return on Equity: 15.79%
Price to Book: 3.31

www.marketsmojo.com
ACC
CMP: 2,326.60 Buy 78
Report as on 20 September 2021 at 04:18 PM
Strong Sell Sell Hold Buy Strong Buy

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WHY IT’S A BUY? IS THIS STOCK FOR YOU?


Medium Risk, High Return (1 Year)
Company has a low Debt to Equity ratio (avg) at -
0.34 times Absolute Risk Volatility
Adjusted
Healthy long term growth as Operating profit ACC 62.52% 2.32 26.92%
has grown by an annual rate 21.62% SENSEX 50.57% 3.10 16.32%
With a growth in Net Profit of 1.44%, the How much should you buy? -
company declared Very Positive results in Jun 21 Overall Portfolio exposure to ACC should be less than
-The company has declared positive results for the 10%
last 3 consecutive quarters Overall Portfolio exposure to Cement should be less
-NET SALES(HY) At Rs 8,176.91 cr has Grown at 33.96 than 30%
% (If sector exposure > 30%, please use optimiser tool to
-ROCE(HY) Highest at 18.71 % see which are the best stocks to hold in Cement)
-PBDIT(Q) Highest at Rs 869.33 cr. When to exit? - We will constantly monitor the company
and suggest at the appropriate time to exit from the
Stock is technically in a Bullish range stock
-The technical trend has improved from Mildly
Bullish on 07-Jul-21 and has generated 14.21% RETURNS SUMMARY (Price + Dividend)
returns since then The stock gave a total returns of 63.54% in the last 1 year
-Multiple factors for the stock are Bullish like MACD, Outperforming Sensex returns of 50.57%
KST, DOW and OBV 100%

High Institutional Holdings at 33.15% 50%


-These investors have better capability and
resources to analyse fundamentals of companies 0%

than most retail investors.


-50%

Company is among the highest 1% of companies


Ja 1 8

O 19

Ja 2 0

21
Fe 1 9
Au 9

Se 0

Au 1
Ju 0
D -1 9

Ap 20
Ju 2 0
M -1 9

M -2 1
M -1 9
N -1 8

Ju 9

M -2 1
N -2 0

Ju 1
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rated by MarketsMojo across all 4,000 stocks


Se

-It is ranked 29 across all Large Cap and 89 across ACC Ltd SENSEX
the entire market

Investors Returns (3 years) –

Period 6M 1Y 2Y 3Y
WHAT ARE YOUR RISKS? Stock (%) 33.59% 63.54% 44.1% 51.64%
With ROE of 15.8, it has a Expensive valuation with a Sector (%) 19.04% 19.04% 78.08% 62.48%
3.3 Price to Book Value
Sensex (%) 17.31% 50.57% 53.86% 57.57%
-The stock is trading at a premium compared to its
average historical valuations
-Over the past year, while the stock has generated a
return of 62.52%, its profits have risen by 83.3% ; the
PEG ratio of the company is 0.3

MOJO PROFESSIONAL 1
ACC BUY | Report as on 20 September 2021 at 04:18 PM

BEFORE PROCEEDING AHEAD


This Real-Time Stock Analysis service is only for
PAID SUBSCRIBERS of www.marketsmojo.com

This Real-Time Stock Analysis Report was


generated on 20th September, 2021 at 04:18 PM,
and may not be valid if you are reading it later.

Some factors/data, as well as the buy/sell/hold call


might have changed.

To access the LATEST version of this report.

Click Here

MOJO PROFESSIONAL 2
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

MANAGEMENT RISK

AVERAGE LONG TERM FUNDAMENTAL


STRENGTH WITH AN AVERAGE RETURN ON
EQUITY (ROE) OF 11.95%

ROE
The company has been able to generate a Return on Equity
11.95% ROE
(avg) of 11.95% signifying average profitability per unit of
shareholders funds

Dividend Payout Ratio


An average Dividend Pay-out ratio of 19.11% may signify the
19.11%
Dividend Payout Ratio
company is not able to payback profits to shareholders at this
point

Tax Ratio
High Tax Ratio signifies that the profits generated by the
16.07% Tax Ratio
company are real and it is making adequate contributions
towards by paying due taxes

Institutional Holding
High Institutional Holdings at 33.15%- These investors have
33.15%
Institutional Holding
better capability and resources to analyse fundamentals of
companies than most retail investors

MOJO PROFESSIONAL 3
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

CAPITAL STRUCTURE

COMPANY HAS A LOW DEBT TO EQUITY


RATIO (AVG) AT -0.34 TIMES
Total Debt Debt to Equity Ratio
Low Debt to Equity Ratio Jun 2021 99.07 -0.34
Company’s average Debt to Equity ratio over the past few Jun 2020 83.98 -0.29
years is low at -0.34 times
Jun 2019 - -0.22
No clear trend in Debt to Equity Ratio numbers Jun 2018 - -0.21
Jun 2017 - -0.23

Total Debt EBIT to Interest


Healthy EBIT to Interest Jun 2021 99.07 21.69
Company has healthy average EBIT to Interest ratio of 21.69 Jun 2020 83.98 16.22
times
Jun 2019 - 14.59
Company has experienced an increase in its EBIT to Interest in Jun 2018 - 12.67
each of the past 3 consecutive years,Company’s EBIT to
Jun 2017 - 13.01
Interest growth has increased in each of the past 3 consecutive
years,EBIT to Interest has seen a high growth of 31.25% over
previous period

MOJO PROFESSIONAL 4
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

GROWTH

HEALTHY LONG TERM GROWTH AS


OPERATING PROFIT HAS GROWN BY AN
ANNUAL RATE 21.62%

Poor Growth in Net Sales 20000Cr

of 6.6% CAGR
6.6% 15,328 15,858
15000Cr 14,083 13,692
Net Sales has seen a high growth of
CAGR 15.82% over previous period
11,517 11,800

10000Cr

5000Cr

0Cr
Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021

High Growth in Operating 3000Cr

Profit of 21.6% CAGR


21.6%
2,364

Operating Profit has seen a high


CAGR growth of 49.9% over previous period
2000Cr
1,645 1,577
1,363

971
1000Cr 888

0Cr
Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021

Net Profit of 25.3% CAGR 3000Cr

25.3% Net Profit has seen a high growth of


83.4% over previous period
2,144

CAGR 2000Cr
1,743

1,169
966
1000Cr
695 754

0Cr
Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021

MOJO PROFESSIONAL 5
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

FINANCIAL TREND
Positive

WITH A GROWTH IN NET PROFIT


results for

OF 1.44%, THE COMPANY 3


DECLARED VERY POSITIVE consecutive
quarters

RESULTS IN JUN 21
Near term PBT trend is positive 705.78 709.47

Rs 709.5 PBT less Other Income (Rs Cr)


Highest at Rs 709.47 cr.
494.56

cr in the last five quarters 349.62


393.19

PBT - Quarterly

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021

Near term sales trend is positive 8 176.91


7 682.03
34.0% Net Sales (Rs Cr)
6 103.95
At Rs 8,176.91 cr has Grown at 33.96 %
Half Yearly Sales Year on Year (YoY)
Growth

Jun 2020 Dec 2020 Jun 2021

The company has displayed 18.41 17.92


18.71

18.7% increased efficiency by generating 14.98 15.09

higher profit on overall capital


ROCE - Half (equity and debt)
Yearly
ROCE (%)
Highest at 18.71 %
in the last five half yearly periods
Dec 2019 Mar 2020 Jun 2020 Dec 2020 Jun 2021

MOJO PROFESSIONAL 6
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

FINANCIAL TREND

Near term Operating Profit trend 860.24 869.33

Rs 869.3 is positive 671.42

cr Operating Profit (Rs Cr) 571.85


525.36
Highest at Rs 869.33 cr.
Operating Profit in the last five quarters
- Quarterly

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021

Company's efficiency has


22.4% improved 20.19 20.04
22.38
18.98
Operating Profit to Sales
Operating Profit Highest at 22.38%
13.8
Margin - in the last five quarters
Quarterly

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021

Near term PAT trend is positive 648.43

23.4%
562.57 569.42
PAT (Rs Cr)
At Rs 569.42 cr has Grown at 23.4 %
363.84
PAT Growth over average PAT of the previous four quarters of Rs
270.92
461.44 Cr

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021

MOJO PROFESSIONAL 7
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

FINANCIAL TREND

Increasing profitability; company


Rs 30.3 has created higher earnings for 29.93 30.29

shareholders 25.13

cr 19.35
EPS (Rs) 14.41
Earnings per Highest at Rs 30.29
Share (EPS) - in the last five quarters
Quarterly
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021

Jun'21 Mar'21 Change%


Net Sales 3,884.9 4,292.0 -9.5%
Key Operating Profit (PBDIT) excl Other Income 869.3 860.2 1.1%
Result Interest 13.4 11.2 19.2%
Highlights Exceptional Items 0.0 0.0
Consolidated Net Profit 569.4 562.6 1.2%
Operating Profit Margin (Excl OI) 22.8 20.4 2.4%
Consolidate- figures in Rs
Cr

MOJO PROFESSIONAL 8
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

TECHNICALS

STOCK IS TECHNICALLY IN A BULLISH


RANGE
Bullish Daily Moving Averages indicating near term price strength
Current Price 50 Day Moving Average 200 Day Moving Average

2,326.60 2,318.72 1,948.32

Factors with upward momentum


Indicator Technical Trend
MACD Bullish (weekly)
MACD Bullish (monthly)
Bollinger Band Mildly Bullish (weekly)
Bollinger Band Mildly Bullish (monthly)
KST Bullish (weekly)
KST Bullish (monthly)

In the last 1 year Stock has generated 68.88% returns vs a market (BSE 500)
return of 55.12%
3 Months 1 Year 3 Years

14.65% 55.77%
62.52% 48.92%
10.61% 55.12%

Stock BSE 500 Stock BSE 500 Stock BSE 500

MOJO PROFESSIONAL 9
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

SHAREHOLDING

INSTITUTIONAL INVESTORS COLLECTIVELY


HOLD 33.15 % OF THE COMPANY
These investors have better capability and resources 40%

to analyse fundamentals of companies than most 32.36% 32.38% 33.07% 33.15%


retail investors. 30%
28.98%
26.68%

20%

10%

0%
Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Jun 21

Mutual Funds
8.46%
FIIs
13.67%
Shareholding Snapshot : Jun 21
Non Institut… Majority shareholders : Promoters
12.33%
Pledged Promoter Holdings : None
Other DIIs
11.02% Mutual Funds : Held in 37.00 Schemes (8.46%)
FIIs : Held by 471 FIIs (13.67%)
Promoters
54.53% Promoter with highest holding : Ambuja Cements Limited (50.048%)
Highest Public shareholder : Lici New Endowment Plus-balanced Fund
(5.865%)
Individual Investors Holdings : 9.64%

FII
15%
13.67%
12.74%
11.64%
holding has increased by 0.93%
10%
Number of FIIs holding stake in the company has 8.14%
increased to 471 from 419 6.70%

5%

0%
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021

MOJO PROFESSIONAL 10
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

MOJOSTOCK

PART OF MOJO STOCKS


Mojo Stocks are the highest rated stocks across thee market.
1% Less than 1% of the companies qualify as a Mojo Stock
For a company to Qualify as Mojo Stock it has to score highly across Mojo Parameters of
QUALIFY
Quality: Long Term Fundamental Performance
Valuation: Attractiveness of Stock Price at the current fundamentals
Financial Trend: Near term fundamental strength
Technicals: Price and volume momentum

Mojo Analysis of ACC

NEAR TERM DRIVERS: POSITIVE


QUARTERLY FINANCIAL TREND TECHNICALS

PAT (HY) At Rs 1,131.99 cr has Grown Technical trend turned Bullish


at 90.60 % from Mildly Bullish on 07 Jul 2021
Very PAT (9M) At Rs 1,780.42 cr has
at Rs 2037.15 Bullish
Positive Grown at 105.31 % Moving Averages (daily) turned
Bullish from Mildly Bullish on 26
PBT less OI (Q) At Rs 709.47 cr has
Apr 2021 at Rs 1843.1
Grown at 46.0 %

LONG TERM DRIVERS: MILDLY POSITIVE


QUALITY VALUATION

Size - Ranks 5th out of 34 companies At the current stock price and
in Cement sector financial performance the stock
Good has Expensive valuation Expensive

MOJO PROFESSIONAL 11
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

FACTORS
NOT WORKING
FOR THE COMPANY

MOJO PROFESSIONAL 12
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perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

VALUATION

WITH ROE OF 15.8, IT HAS A EXPENSIVE


VALUATION WITH A 3.3 PRICE TO BOOK
VALUE
Expensive

Expensive UltraTech
Shree Cement
Cem.

valuation
ACC

Valuation Ambuja Cements

Grasim Inds

as compared to its Fundamentals


Attractive
Weak Fundamental Strong

Price to Book Value vs ROE

Expensive 20 3.6
Fundamental

Valuation
as compared to its 10 2.8

past valuations 0 2
6

0
17

18

19

20

21
01

01

01

01

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20

20

20

20

20
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-2

-2

-2

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Ju

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Ju

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Company Valuation Price to Book PE Ratio PEG Ratio Dividend


Ratio Yield
Key
ACC Expensive 3.3 21 0.3 0.6%
Valuation
Multiples UltraTech Cem. Very Expensive 5 33.7 1.6 0.5%
vs Peers Shree Cement Very Expensive 7.1 42.5 0.6 0.2%
Grasim Inds Attractive 1.6 17.4 0.8 0.6%
Ambuja Cements Fair 3.4 24.9 0.4 4.3%

MOJO PROFESSIONAL 13
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

RESULT
ANALYSIS 

MOJO PROFESSIONAL 14
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

QUARTERLY VARIANCE

QUARTER RESULTS VARIANCE ANALYSIS


Jun'21 Mar'21 QoQ Jun'20 YoY Comments
Total Operating income 3,885 4,292 -9.5% 2,602 49.3%
Total Expenditure (Excl Depreciation) 3,016 3,432 -12.1% 2,077 45.2%
Operating Profit (PBDIT) excl Other Income 869 860 1.1% 525 65.5% QoQ and YoY increase
Other Income 46 44 3.6% 51 -11.2%
Operating Profit (PBDIT) 915 904 1.2% 577 58.7% QoQ and YoY increase
Interest 13 11 19.2% 13 2.4% QoQ and YoY increase
Exceptional Items 0 0 0% 0 0%
Depreciation 146 143 2.3% 163 -10%
Profit Before Tax 755 750 0.7% 401 88.3% QoQ and YoY increase
Tax 189 192 -1.5% 132 42.9%
Provisions and contingencies 0 0 0% 0 0%
Net Profit 566 558 1.4% 269 110.7% QoQ and YoY increase
Share in Profit of Associates 3 4 -26.7% 2 48%
Minority Interest 0 0 50% 0 0%
Other related items 0 0 0% 0 0%
Consolidated Net Profit 569 563 1.2% 271 110.2% QoQ and YoY increase

Consolidate results triggered in Rs Cr

Margins
Jun'21 Mar'21 Dec'20 Sep'20 Jun'20 Avg. (4 Comments
Qtrs)
OPM 22.8% 20.4% 14.1% 19.4% 20.9% 18.7% Higher than average (4 Qtrs) – Promising
GPM 23.7% 21.2% 10.9% 20.2% 22.4% 18.7% Higher than average (4 Qtrs) – Promising
NPM 14.9% 13.4% 11.6% 10.5% 10.8% 11.6% Higher than average (4 Qtrs) – Promising

MOJO PROFESSIONAL 15
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

ANNUAL RESULT

NET SALES - NOT APPLICABLE:THE


COMPANY HAS DECLARED_DATE FOR
ONLY ONE PERIOD
Consolidated Net Profit: YoY Growth in year ended Dec 2020 is 3.83%
Operating Profit (PBDIT) excl Other Income: YoY Growth in year ended Dec 2020 is -2.39%
Interest: YoY Growth in year ended Dec 2020 is -33.84%
Operating Profit Margin (Excl OI): YoY Growth in year ended Dec 2020 has improved from
Dec 2019 -11.95%
NET SALES

Dec'20 Dec'19 Change(%)


Net Sales 13,785.98 15,657.55 -11.95%
Key Operating Profit (PBDIT) excl Other Income 2,355.11 2,412.78 -2.39%
Annual Interest 57.08 86.27 -33.84%
Results Exceptional Items -176.01 0.00
Consolidated Net Profit 1,430.18 1,377.41 3.83%
Operating Profit Margin (Excl OI) 17.46 15.73 1.73%
Figures in Rs Cr | Seasonal companies are compared with the same quarter last year

Net Sales-YoY Growth in year ended Dec 2020 is -11.95% Consolidated Net Profit-YoY Growth in year ended Dec 2020
is 3.83%
20000
14,801.62 15,657.55 15,657.55
13,785.98 13,785.98 2000
1,520.47 1,430.18 1,430.18
1,377.41 1,377.41
10000
1000

0
Dec 2018 Mar 2019 Dec 2019 Mar 2020 Dec 2020 0
Dec 2018 Mar 2019 Dec 2019 Mar 2020 Dec 2020

Operating Profit (PBDIT) excl Other Income-YoY Growth in Operating Profit Margin (Excl OI)-YoY Growth in year ended
year ended Dec 2020 is -2.39% Dec 2020 has improved from Dec 2019
4000 20 17.46 17.46
15.73 15.73
14.15
2,412.78 2,412.78 2,355.11 2,355.11
2,048.12
2000 10

0 0
Dec 2018 Mar 2019 Dec 2019 Mar 2020 Dec 2020 Dec 2018 Mar 2019 Dec 2019 Mar 2020 Dec 2020

Figures in Rs Crore

MOJO PROFESSIONAL 16
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

BALANCESHEET AND CASHFLOW

BALANCE SHEET AND CASH FLOW


ANALYSIS

0.0% Borrowings
Dec'20
0.00
Dec'19
0.00
Change%

Increase
Other Long Term Liabilities 83.98 0.00
Fixed Assets 7,102.47 7,456.83 -4.75%
Investments 129.27 116.18 11.27%
in Borrowings in quarter Current Assets 8,448.63 7,534.57 12.13%
ended Dec 2020 vs in
Figures in Rs Cr
Dec 2019

Other Long Term Liabilities: No Other Long Term Liabilities in the last few periods;
Fixed Assets: YoY Growth in year ended Dec 2020 is -4.75% vs -0.18% in Dec 2019
Investments: YoY Growth in year ended Dec 2020 is 11.27% vs 11.60% in Dec 2019
Current Assets: YoY Growth in year ended Dec 2020 is 12.13% vs 12.72% in Dec 2019

Cash From Operation - YoY Growth in year ended Dec


-1.58% 2020 is -1.58% vs 101.76% in Dec 2019
Dec'20 Dec'19 Change%
GROWTH Cash Flow from Operating Activities 2,219.19 2,254.71 -1.58%
Figures in Rs Cr

3000

2,254.71 2,219.19

2000
1,554.45
1,389.54
1,117.54
1000

0
Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020

MOJO PROFESSIONAL 17
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

PEER COMPARISION

PEER COMPARISON
ACC Grasim Inds Ambuja Dalmia J K Cements
Cements BharatLtd
Size
Market Cap (Cr.) 43,678 101,067 81,372 41,568 25,306
Annual Sales (TTM) (Cr.) 15,859 83,705 28,315 11,137 7,315
Annual Net Profit (TTM) (Cr.) 2,144 5,945 3,354 1,268 848
Growth Factors (TTM)
Net Sales Growth 1 year 15.8% 18.7% 17.5% 22.2% 37%
Operating Profit Growth 1 year 49.9% 47.4% 61.4% 199.1% 71.8%
Net Profit Growth 1 year 83.3% 23% 68.7% 374.9% 100.2%
Net Sales Growth 5 year 6.6% 18.9% 13.2% 7.4% 15.7%
Operating Profit Growth 5 year 21.6% 27% 29% 44.9% 39%
Net Profit Growth 5 year 25.3% 16.4% 28.5% 77.6% 54.1%
Capital Structure Factors
EBIT to Interest 40.8 3.1 35.8 5.6 5.7

Debt to EBITDA 0 3.4 0 1.1 2.2


Net Debt to Equity -0.4 0.6 -0.4 -0 0.6
Sales to Capital Employed 2 0.7 1.9 0.9 1.1
Management Quality Factors
ROCE (latest) 30.2% 13.7% 34.8% 12.7% 21.3%
ROE(latest) 15.8% 7.1% 13.7% 9.7% 19%
Tax Ratio 16.1% 32.1% 21.7% 10.3% 34.5%
Operating CF to Net Profit 138.2% 315.9% 190.1% 292.1% 224.4%
Dividend Payout Ratio 19.1% 6% 14.2% 17.4% 11.7%
Valuation Factors
PE Ratio 21 17.3 24.9 33.6 30.7
Price to Book 3.3 1.6 3.4 3.4 7
PEG Ratio 0.3 0.8 0.4 0.1 0.3
Dividend Yield 0.6% 0.6% 4.3% - 0.4%
EV to EBITDA 13.2 7 11.6 14.6 16.2
EV to Capital Employed 5 1.4 4.9 3.5 4.9
Shareholding
Promoter Holdings 54.5% 42.1% 63.3% 56% 57.6%
Promoter Pledged Holdings - - - - -
Total Institutional Holding 33.1% 31.1% 30.1% 18.9% 37.5%
FII Holdings 13.7% 15.1% 17.7% 13.1% 16.9%
Returns
1 Month 1.6% 3.6% 4.9% 13.5% 5.2%
3 Months 14.7% 3.7% 20.4% 24.3% 15.9%
YTD 43.8% 65.7% 65.1% 105.6% 70.8%
1 Year 62.5% 106.2% 86.8% 188.6% 110.6%
3 Years 48.9% 44% 82.5% - 315.6%

MOJO PROFESSIONAL 18
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ACC BUY | Report as on 20 September 2021 at 04:18 PM

COMPANY BACKGROUND

COMPANY BACKGROUND

About the Company


ACC Ltd is India’s foremost manufacturer of cement and concrete.The company's
INDUSTRY : Cement research and development facility has a unique track record of innovative
research, product development and specialized consultancy services. ACC’s brand
name is synonymous with cement and enjoys a high level of equity in the Indian
43,691 cr (Large Cap) market. The company has also extended its services overseas to the Middle East,
Africa, and South America, where it has provided technical and managerial
consultancy to a variety of consumers, and also helps in the operation and
Part of NIFTY NEXT 50 maintenance of cement plants abroad. They are among the first companies in
India to include commitment to environmental protection as one of its corporate
objectives, long before pollution control laws came into existence.

Board of Directors
N S Sekhsaria Chairman (Non-Executive)

Shailesh Haribhakti Non-Exec. & Independent Dir.

S K Roongta Non-Exec. & Independent Dir.

Falguni Nayar Non-Exec. & Independent Dir.

Martin Kriegner Non-Exec & Non-Independent Dir

8 more board of directors

Company Coordinates

Company Details: Registrat Details:


Cement House, 121, Maharshi Karve Road, , Mumbai ACC Ltd., Cement House, 121 Maharshi Karve Road, Mumbai
Maharashtra : 400020 Fax: 022-66317458
Tel: 022 3302 4469 Email: investorsupport@acccement.com
Fax: 022 6631 7458
Email: sujata.chitre@acclimited.com
Website: www.acclimited.com

MOJO PROFESSIONAL 19
This research report has been created by www.marketsmojo.com exclusively for haseeb004@gmail.com. You may not copy, reproduce, distribute, publish, display,
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

ACC BUY | Report as on 20 September 2021 at 04:18 PM

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MOJO PROFESSIONAL 20
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perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

ACC BUY | Report as on 20 September 2021 at 04:18 PM

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DISCLAIMERS
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business of operating the website.

This research report (“Report”) is for the personal information of the authorized recipients and is not for public
distribution and should not be reproduced or redistributed to any other person or in any form without the Company’s
prior permission. The information provided in the Report is from publicly available data, which we believe, are reliable.
While reasonable endeavors have been made to present reliable data in the Report so far as it relates to both current
as well as historical information, the Company does not guarantee the accuracy or completeness of the data in the
Report. Accordingly, neither the Company nor its shareholders, directors, officers, employees, advertisers, content
providers and licensors are responsible either jointly or severally for any loss or damage that may arise to any person
from any inadvertent error in the information contained, views and opinions expressed in the research reports.

Investment in securities is subject to market risks. Past performance should not be construed as a guarantee for future
returns and no representation or warranty, express or implied, is made regarding future performance. Investments in
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The Report also includes the analysis and views of our research team. The Report is purely for information purposes
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or sell any securities.

The opinions expressed in the Report are those as on the date of the Report and are liable to change from time to time
without notice. The Company or any persons connected with it do not accept any liability arising from the use of this
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would be contrary to local law, regulation or which would subject the Company and its affiliates to any registration or
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The Company is also a SEBI registered Investment Advisor (“IA”). The Company and its associates do not own any
securities of the subject company/ies mentioned in the report as on the date of this research report.

The Research team engaged in the preparation of this Report and/or their relatives collectively did not own more than
1% of the equity in the subject company/ies mentioned in this Report (unless otherwise mentioned in such Report) nor
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Report) have served as an officer, director or employee of the subject company in the past twelve months.

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Research Analysis.

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MOJO PROFESSIONAL 21

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