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ACC Limited
(ACC)
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Rating:62Neutral
Price Target:
₹1,481.00
▲(10.59% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily held back by weakened financial quality—sharp FY2026 margin compression and a swing to negative operating and free cash flow—despite a very strong, low-debt balance sheet. Technical indicators are mildly supportive (improving trend and positive MACD), and valuation looks reasonable on P/E, though the dividend yield provides limited support.
Positive Factors
Very low leverage
Extremely low debt-to-equity provides durable financial flexibility across cycles. It limits refinancing risk, supports counter-cyclical spending or targeted capex, and preserves optionality to fund projects or absorb temporary cash shortfalls without forcing dilutive financing.
Negative Factors
Sharp margin compression
Material decline in EBITDA and net margins signals persistent cost pressures or pricing normalization. Lower margins reduce internal funding for reinvestment and make profitability more sensitive to commodity, fuel and freight costs, threatening sustainable returns absent structural cost fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low debt-to-equity provides durable financial flexibility across cycles. It limits refinancing risk, supports counter-cyclical spending or targeted capex, and preserves optionality to fund projects or absorb temporary cash shortfalls without forcing dilutive financing.
Read all positive factors
ACC Limited (ACC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹251.76B
Dividend Yield0.56%
Average Volume (3M)13.69K
Price to Earnings (P/E)13.1
Beta (1Y)0.95
Revenue Growth15.35%
EPS Growth-21.06%
CountryIN
Employees2,836
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)113.80
Shares Outstanding187,787,260
10 Day Avg. Volume8,729
30 Day Avg. Volume13,692
Financial Highlights & Ratios
PEG Ratio-1.00
Price to Book (P/B)1.15
Price to Sales (P/S)0.91
P/FCF Ratio-8.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,600.00Price Target Upside19.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)68.62
Revenue Forecast (FY)₹264.22B
ACC Limited Business Overview & Revenue Model
Company Description
ACC Limited is an Indian company specializing in the production and distribution of cement and ready-mixed concrete. Its comprehensive product line includes ordinary Portland cement, a variety of blended cements such as Portland Pozzolana, Portlan...
How the Company Makes Money
ACC primarily makes money by selling cement and related building materials to the construction value chain (individual home builders, contractors, institutional customers, and infrastructure projects). Its core revenue stream is the sale of cement...
ACC Limited Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
86
Very Positive
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 257.62B | 206.72B | 195.74B | 174.19B | 158.14B |
| Gross Profit | 90.31B | 78.77B | 83.98B | 135.43B | 85.13B |
| EBITDA | 28.32B | 42.36B | 37.97B | 16.06B | 31.63B |
| Net Income | 21.37B | 24.02B | 23.35B | 6.49B | 18.63B |
Balance Sheet | |||||
| Total Assets | 275.25B | 254.13B | 233.68B | 205.44B | 210.39B |
| Cash, Cash Equivalents and Short-Term Investments | 5.58B | 30.87B | 46.82B | 29.76B | 73.67B |
| Total Debt | 4.29B | 4.30B | 3.55B | 1.53B | 1.26B |
| Total Liabilities | 69.71B | 68.54B | 70.36B | 64.02B | 67.27B |
| Stockholders Equity | 205.51B | 185.55B | 163.28B | 141.38B | 143.09B |
Cash Flow | |||||
| Free Cash Flow | -27.72B | -2.57B | 16.00B | -26.72B | 16.60B |
| Operating Cash Flow | -13.45B | 17.11B | 29.95B | -9.88B | 28.35B |
| Investing Cash Flow | 11.56B | -12.77B | -12.45B | -37.10B | -9.88B |
| Financing Cash Flow | -3.24B | -10.02B | -4.43B | -9.90B | -3.31B |
ACC Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹1.06T | 23.79 | ― | 0.47% | 10.70% | 1.03% | |
64 Neutral | ₹920.06B | 56.60 | ― | 0.56% | 12.63% | 9.64% | |
63 Neutral | ₹3.47T | 40.96 | ― | 0.66% | 19.07% | 21.21% | |
62 Neutral | ₹251.76B | 13.11 | ― | 0.56% | 15.35% | -21.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹414.07B | 44.08 | ― | 0.35% | 15.92% | -5.47% | |
54 Neutral | ₹342.68B | 36.98 | ― | 0.50% | 7.60% | -0.22% |
* General Sector Average
IN:ACC
ACC Limited
1,333.00
-439.65
-24.80%
IN:AMBUJACEM
Ambuja Cements Limited
422.35
-152.95
-26.59%
IN:DALBHARAT
Dalmia Bharat Ltd.
1,838.50
-421.02
-18.63%
IN:JKCEMENT
J.K. Cement Ltd.
5,393.50
-1,581.32
-22.67%
IN:SHREECEM
Shree Cement Limited
25,410.00
-4,859.97
-16.06%
IN:ULTRACEMCO
UltraTech Cement Limited
11,836.00
-215.85
-1.79%
ACC Limited Corporate Events
ACC shareholders clear FY26 accounts, dividend and key AGM resolutions
Jun 29, 2026
ACC Limited has disclosed the voting outcomes of its 90th Annual General Meeting, held on June 26, 2026 via video conferencing in compliance with SEBI’s listing regulations. The meeting covered multiple key resolutions, and the company has a...
ACC posts FY26 earnings call transcript for analysts
May 10, 2026
ACC Limited has announced that the transcript of its earnings conference call for the audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2026 has been made available on its website. The call, he...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.