ACC Limited (ACC) AI Stock Analysis

• Market Cap: ₹299.06B
• Dividend Yield: 0.43%
• Average Volume (3M): 13.69K
• Price to Earnings (P/E): 11.3
• Beta (1Y): 0.94
• Revenue Growth: 15.13%
• EPS Growth: 63.32%
• Country: IN
• Employees: 3,852
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 21.20
• Shares Outstanding: 187,787,260
• 10 Day Avg. Volume: 8,729
• 30 Day Avg. Volume: 13,692
• PEG Ratio: 5.43
• Price to Book (P/B): 1.98
• Price to Sales (P/S): 1.68
• P/FCF Ratio: -142.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,930.50
• Price Target Upside: 9.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 106.17
• Revenue Forecast (FY): ₹251.31B

• Rating: 71 Outperform
• Price Target: ₹1,760.00 ▼(-0.62% Downside)
• Action: Reiterated Date: 10/24/25
• Date: Action: Reiterated 10/24/25

ACC Limited's overall stock score is driven by its strong financial performance and reasonable valuation. The company's solid revenue growth and profitability, along with a stable balance sheet, are significant strengths. Technical analysis suggests neutral momentum, with potential for upward movement. The valuation is fair, supporting a positive outlook.

Positive Factors

Revenue Growth & Profitability

Sustained revenue growth and healthy gross and net margins point to durable demand for ACC's cement products and effective cost/pricing management. Over a 2–6 month horizon this supports cash generation, reinvestment capacity and competitive resilience in core markets.

Balance Sheet Strength

A strong equity base and low leverage provide long-term financial flexibility, enabling ACC to fund capex, withstand cyclical downturns, and pursue strategic investments without excessive refinancing risk. This underpins stability across construction cycles.

Operating Cash Generation

Positive operating cash conversion indicates core business cash generation is intact, supporting operations and capital spending. Even with elevated capex, reliable operating cash flow sustains near-term liquidity and funds strategic capacity investments.

Negative Factors

Free Cash Flow Pressure

Rising capital spending has materially reduced free cash flow, constraining discretionary uses like dividends or debt paydown. If capex does not yield proportionate returns, persistent FCF pressure could limit financial flexibility and shareholder distributions.

Margin Compression Risk

A declining EBIT margin signals pressure on operating profitability from higher input, logistics or competitive pricing. If structural cost inflation or regional competitive intensity persists, sustaining prior profit levels may require ongoing efficiency gains or price recovery.

Rising Liabilities

Although leverage is low overall, a trend of increasing liabilities could indicate growing working capital needs or contingent obligations. Over months this may raise refinancing or liquidity risk if not matched by proportional asset or cash flow improvements.

ACC Limited Business Overview & Revenue Model

Company Description

ACC Limited manufactures and sells cement and ready-mix concrete in India. The company provides ordinary Portland cement; blended cement, including Portland Pozzolana cement, Portland slag cement, and composite cement; gold and silver range of cement; ready mixed concrete value-added products; and bulk cement. It also offers construction chemicals, such as ACC LeakBlock, a polymer-based integral waterproofing compound used in various types of cement mortar, plasters, and concrete; ACC LeakBlock WaterProof Plaster - LB 101, a ready-to-use cementitious waterproof mortar for internal and external plaster applications; and tile adhesives. In addition, the company provides EcoPact, a concrete with lower embodied carbon content for various structural components applications comprising foundations, columns, beams, external or internal walls, driveways, walkways, etc. It distributes its products through a network of dealers, retailers, engineers, and architects. The company was formerly known as The Associated Cement Companies Limited and changed its name to ACC Limited in September 2006. ACC Limited was incorporated in 1936 and is headquartered in Mumbai, India. ACC Limited is a subsidiary of Ambuja Cements Limited.

How the Company Makes Money

ACC generates revenue primarily through the sale of cement and ready-mixed concrete. The company has a diversified product portfolio that includes different types of cement tailored for various construction needs, which allows it to cater to a broad customer base, including individual consumers, contractors, and large-scale infrastructure projects. Key revenue streams include sales to the retail market, infrastructure projects, and construction companies. Additionally, ACC benefits from partnerships with various stakeholders in the construction industry, enhancing its market reach. Factors contributing to its earnings include a strong brand reputation, innovative product offerings, efficient manufacturing processes, and strategic pricing. The sustainability initiatives and focus on environmental responsibility also appeal to consumers and may lead to increased sales in the growing green construction market.

ACC Limited Financial Statement Overview

Summary

ACC Limited demonstrates solid financial health with strong revenue growth and profitability. The balance sheet is stable with low leverage, and cash flows indicate prudent operational management. However, increased capital expenditures have impacted free cash flow, suggesting ongoing investments in growth initiatives.

Income Statement

ACC Limited has shown strong revenue growth over the past years, with a notable increase from 2024 to 2025. The gross profit margin is healthy, reflecting efficient management of production costs. The net profit margin also exhibits strength, indicating effective cost control and pricing strategies. However, there is a slight decline in EBIT margin, suggesting increased operational costs or competitive pressures.

Balance Sheet

The balance sheet reveals a robust equity position, with a favorable equity ratio indicating strong asset backing by equity. The company maintains a low debt-to-equity ratio, highlighting prudent debt management. Return on equity is solid, reflecting good profitability on equity capital. While overall stability is strong, the slight increase in total liabilities warrants monitoring to ensure continued financial health.

Cash Flow

Cash flow analysis shows a decline in free cash flow, primarily due to increased capital expenditures. Despite this, the operating cash flow to net income ratio remains positive, indicating the company's ability to generate cash from operations. The decrease in free cash flow is a concern, but it may be linked to strategic investments for future growth.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	226.44B	217.62B	199.59B	177.84B	161.52B	137.86B
Gross Profit	96.68B	98.15B	96.92B	83.02B	97.82B	85.68B
EBITDA	30.91B	28.91B	29.05B	12.33B	29.62B	23.27B
Net Income	24.18B	24.02B	23.35B	4.89B	18.63B	14.30B
Balance Sheet
Total Assets	0.00	254.13B	233.68B	205.44B	210.39B	182.00B
Cash, Cash Equivalents and Short-Term Investments	30.87B	30.87B	46.82B	29.76B	73.67B	58.50B
Total Debt	0.00	4.30B	3.55B	1.53B	1.26B	1.02B
Total Liabilities	-185.59B	68.54B	70.36B	64.02B	67.27B	54.98B
Stockholders Equity	185.59B	185.55B	163.28B	141.38B	143.09B	126.99B
Cash Flow
Free Cash Flow	0.00	-2.57B	16.00B	-26.72B	16.60B	14.71B
Operating Cash Flow	0.00	17.11B	29.95B	-9.88B	28.35B	22.19B
Investing Cash Flow	0.00	-12.77B	-12.45B	-37.10B	-9.88B	-5.35B
Financing Cash Flow	0.00	-10.02B	-4.43B	-9.90B	-3.31B	-3.27B

ACC Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1771.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ACC, the sentiment is Negative. The current price of 1771 is above the 20-day moving average (MA) of 1648.01, above the 50-day MA of 1693.25, and below the 200-day MA of 1820.35, indicating a bearish trend. The MACD of -26.20 indicates Positive momentum. The RSI at 32.08 is Neutral, neither overbought nor oversold. The STOCH value of 22.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ACC.

ACC Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACC	71 Outperform	₹299.06B	11.29	―	0.43%	15.13%	63.32%
RATNAMANI	68 Neutral	₹172.12B	29.42	―	0.60%	9.51%	14.31%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JKLAKSHMI	61 Neutral	₹88.70B	18.11	―	0.82%	6.13%	31.60%
BIRLACORPN	58 Neutral	₹77.10B	14.84	―	0.92%	6.82%	60.64%
DALBHARAT	56 Neutral	₹373.27B	31.47	―	0.44%	-1.98%	47.05%
NUVOCO	55 Neutral	₹117.22B	30.51	―	―	5.09%	458.10%

ACC Limited Corporate Events

ACC Board Clears Q3 FY26 Unaudited Results, Reshuffles Senior Management Roles

ACC Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, in line with SEBI’s listing requirements, and these results, along with the auditors’ limited review report, will be made available on the company’s website. The board also approved changes in its senior management personnel, designating Head – Sales, Marketing and Logistics, Sanjay Kumar Behl, and Head – Security, Col. Ravinder Rajput, as senior management personnel effective February 1, 2026, with Col. Bhawar Singh ceasing to be senior management personnel from the close of business on January 31, 2026, signaling a refreshed leadership structure in key operational and security functions.

ACC Posts Record Volumes and Profit Surge in Q3 FY26, Advances Ambuja Merger Plan

ACC Limited reported a robust performance for the quarter ended 31 December 2025, posting its highest-ever quarterly sales volume of 11.3 million tonnes, a 15% year-on-year increase, and strong growth in ready-mix concrete volumes, alongside a 22% rise in revenue and a 346% year-on-year jump in normalised profit after tax to Rs 380 crore. The company improved pricing, expanded EBITDA per tonne and margins, strengthened its net worth while remaining debt-free, and advanced strategic initiatives such as the planned amalgamation with Ambuja Cements to create a unified ‘One Cement Platform’, roll-out of its Cement Intelligent Network Operating Centre (CiNOC), and broader industry and academia partnerships aimed at reinforcing long-term growth, operational excellence and industry leadership.

ACC Limited Appoints New Independent Director to Board

ACC Limited has announced a change in its board of directors with the appointment of Ms. Shruti Shah as an Additional Director, serving as a Non-Executive and Independent Director for a term of three years starting December 1, 2025. Ms. Shah, a Chartered Accountant with over 15 years of experience in tax advisory and estate planning, brings a wealth of expertise to the board, potentially strengthening ACC Limited’s governance and strategic direction.