ACC Ltd.

NSE: ACC | BSE: 500410 | ISIN: INE012A01025 | Industry: Cement & Cement Products
| Mid-range Performer
1824.4000 -27.20 (-1.47%)
NSE Sep 26, 2025 15:31 PM
Volume: 257.8K
 

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ACC Ltd.
24 Apr 2019
1824.40
-1.47%
HDFC Securities
We estimate ACC to deliver 13/16% EBITDA/PAT CAGR during CY18-20E. Given ACC's healthy cash flow and RoE, and its firming up major expansion plans (20% capacity increase by end CY21E/early CY21E), current valuation (of 9.9x CY20E EBITDA, EV/T of USD 130) is inexpensive. We recommend BUY with a TP of Rs1900 (11x its Mar-21E EBITDA and 0.5x its CY20E CWIP). Key risks: Roll back in cement prices, surge in energy costs (crude led). We recommend BUY on ACC with TP of Rs 1,900 (11x its Mar-21E consolidated EBITDA and 0.5x its CY20E CWIP).
ACC Ltd. has lost -26.21% in the last 1 Year
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