NSE: ACC | BSE: 500410

Value Stock, Under Radar

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1798.20 -17.00 (-0.94%)

Near 52W Low of ₹1778.45

277.9K NSE+BSE Volume

NSE 05 Dec, 2025 3:59 PM (IST)

33,767.9

Market Cap

High in industry

Beta 1Year

Low volatility

ACC Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ACC, BSE:500410 ACC Ltd.

ACC Ltd.

31 May 2021

1798.20

-0.94%

Axis Annual Analysis:ACC

Buy: ACC Ltd.

Axis Direct

Current valuations at 7.7x CY22E EV/EBITDA are attractive and we give a BUY rating on the stock with a target price of Rs.2230/share.

ACC Ltd. is trading below all available SMAs

ACC Ltd.

22 Apr 2021

1798.20

-0.94%

Even with strong balance sheet, cash flows, government spends, cost efficiency etc., recovery is skeptical with risk of rising fuel prices. Hence, we maintain cautious view on the stock and rate it a HOLD with a revised TP of Rs. 1,974 based on 8.7x CY22E EV/EBITDA. Topline backed by strong demand and volumes Q1CY21 revenue grew 22.6% YoY to Rs. 4,292cr (+3.6% QoQ), aided by strong volume growth in Cement at 21.6% YoY to 8.0MT (+3.4% QoQ) driven by robust demand. The Ready Mix Concrete business de-grew 7.7% YoY to Rs. 313cr (+59.2% QoQ) as sales...

ACC Ltd. is trading below all available SMAs

ACC Ltd.

20 Apr 2021

1798.20

-0.94%

ACC: Q1CY21 Result Review

Accumulate: ACC Ltd.

Target

IDBI Capital

ACC's Q1CY21 EBITDA is 14% higher than our estimate. Beat in the number is led by volume and lower costs. Volume in the quarter has increased by 22% YoY and opex/t is down Rs350/t QoQ. Though realization was down 1% QoQ but EBITDA/t was up 18% QoQ and was supported by higher volume and lower raw material cost, other expenses. ACC's has re-iterated greenfield expansion of 3.7mtpa Ametha (MP) plant in Q2CY22, this will increase its capacity by 10%. We have factored better volume and lower costs in CY21/22, this has resulted in higher EBITDA by 5%/10% respectively. Accordingly our TP is revised to Rs2143 (earlier Rs1875). Maintain ACCUMULATE rating....

ACC Ltd. has an average target of 2170.00 from 6 brokers.

ACC Ltd.

20 Apr 2021

1798.20

-0.94%

ACC

Buy: ACC Ltd.

ICICI Securities Limited

New capacities to help gain lost ground from CY22E onwards Over the past five years, ACC has lost market share to other large players with no major new capacities coming up during this period either through greenfield or M&A; route. While industry capacity grew at 7% CAGR, the company managed to increase its capacity from 30.5 MT to 33 MT i.e. at 2% CAGR. As a result, ACC's production share declined from 14% in FY14 to 11% in FY20. To address this growth concern, the company is increasing its capacity to 39.3 MT with total capex of ~| 3000 crore. This would be mainly...

ACC Ltd. is trading below all available SMAs

ACC Ltd.

20 Apr 2021

1798.20

-0.94%

Result Update:ACC

Buy: ACC Ltd.

Target

Axis Direct

We value ACC at 11x (10x earlier) its CY22E EV/EBITDA to arrive at TP of Rs.2230, an upside of 19% from the current level.

ACC Ltd. is trading below all available SMAs

ACC Ltd.

19 Apr 2021

1798.20

-0.94%

Expansion provides growth visibility

Buy: ACC Ltd.

Target

Motilal Oswal

ACC's 1QCY21 result surprised positively on strong cost control. EBITDA grew 47% YoY on 3% YoY decline in total cost/t driving EBITDA/t to INR1,078. ACC's Central India expansion is expected to get commissioned in 2HCY22, which we estimate would drive an 11% CAGR in volumes over CY2023E. We expect costs to remain in check, supported by a master supply agreement (MSA) with Ambuja as well as supply chain efficiencies. We raise CY21/CY22...

ACC Ltd. is trading below all available SMAs

ACC Ltd.

19 Feb 2021

1798.20

-0.94%

Result Update:ACC

Buy: ACC Ltd.

Axis Direct

We initiate coverage on ACC Limited (ACC) with a BUY recommendation and a Target Price (TP) of Rs. 2100/share which implies an upside of 17% from the current levels.

ACC Ltd. is trading below all available SMAs

ACC Ltd.

17 Feb 2021

1798.20

-0.94%

ACC

Hold: ACC Ltd.

Target

Geojit BNP Paribas

Despite company's strong financial position, cash flows, increasing infrastructure projects, government spending etc., rising pet coke and oil prices will pose threat to its recovery. Hence, we maintain our HOLD...

ACC Ltd. has an average target of 2170.00 from 6 brokers.

ACC Ltd.

14 Feb 2021

1798.20

-0.94%

ACC: Q4CY20 Result Review

Accumulate: ACC Ltd.

Recommendation

IDBI Capital

ACC's Q4CY20 Adj. EBITDA is 7% lower than our estimate. Volume in the quarter has declined by 1% YoY and adjusted EBITDA/t stood at Rs908 (vs Rs1033/t QoQ). Cash in the books remains strong at Rs58bn (18% of Mkt Cap) and company has announced dividend of Rs14/sh in CY20, which is same as CY19. Due to lack of capacity addition, ACC has lost market share in the last 3-4 years. And company plans to correct this with addition of 5.4mtpa over CY21, CY22. In CY21/22E we factor volume to increase by 19%/3% YoY and EBITDA/t of Rs955/952 respectively. We maintain our estimate and TP...

ACC Ltd. has an average target of 2170.00 from 6 brokers.

ACC Ltd.

12 Feb 2021

1798.20

-0.94%

ACC

Buy: ACC Ltd.

Target

ICICI Securities Limited

New capacities to help gain lost ground from CY22E onwards In the past five years, ACC has lost market share to other large players with no major new capacities coming in place in this period either via greenfield or M&A; route. While industry capacity grew at CAGR of 7%, the company managed to increase its capacity from 30.5 MT to 33 MT at 2% CAGR. As a result, ACC's production share declined from 14% in FY14 to 11% in FY20. To address this growth concern, the company is adding 6.2 MT new cement capacities with capex of ~| 3000 crore. This would be mainly funded...

ACC Ltd. has an average target of 2170.00 from 6 brokers.

Is ACC Ltd. worth buying?

350 Votes:

Buy 76.0%

Sell 16.29%

Hold 7.71%

RESEARCH REPORTS

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Buy SEE REPORTS >

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