NSE: ACC | BSE: 500410

Mid-range Performer

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1858.10 2.10 (0.11%)

Near 52W Low of ₹1778.45

222.5K NSE+BSE Volume

NSE 18 Sep, 2025 3:54 PM (IST)

34,892.8

Market Cap

High in industry

1.0

Beta 1Year

Average 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.

22 Jul 2021

1858.10

0.11%

vaccination drives & increased government spending may trigger demand to recover rapidly. However, given the current scenario with sharpened fuel costs, we remain cautious on the stock & retain our HOLD with revised target price of Rs. 2,460 based on 11.0x CY22E EV/EBITDA. Topline impact less severe as compared to Q2CY20 For Q2CY21 revenue climbed 49.3% YoY to Rs. 3,885cr (-9.5% QoQ), with cement sales volume of 6.8mt (44.0% YoY). The Ready Mix Concrete business surged 309.9% YoY to Rs. 255cr (-29.1% QoQ) with RMX sales volume of 0.58m cubic meter (293.0% YoY)....

Deven Choksey released a Buy report for ACC Ltd. with a price target of 2128.0 on 29 Aug, 2025.

ACC Ltd.

20 Jul 2021

1858.10

0.11%

ACC: Q2CY21 Result Review

Hold: ACC Ltd.

Target

IDBI Capital

ACC'S Q2CY21 EBITDA is 23%/ 21% higher than our/consensus estimate. Beat in the number is led by volume and realization. Volume in the quarter has decreased by 15% QoQ versus estimate of -21% QoQ. Cement Realization increased by 8% QoQ and was supported by sale of premium cement. We have factored beat in Q2 result in CY21/22 financials and this has resulted in increase in the EBITDA by 5%/8% (exhibit 10). After covid 2 related lockdown, ACC has seen pick up in the volume in June-21 and profitability (EBITDA/t) led by realization has increased sharply. We value the stock at...

ACC Ltd. is trading above its 30 day SMA of 1826.5

ACC Ltd.

20 Jul 2021

1858.10

0.11%

ACC

Buy: ACC Ltd.

Target

ICICI Securities Limited

ACC has a strong balance-sheet with debt free status. However, it remains a laggard in terms of efficiency and operating margins vs. peer companies The ongoing capex of | 3500 crore would increase its capacity to 39.3 MT by H1CY22E. The 1.1 MT GU in Sindri has already been commissioned,...

ACC Ltd. is trading above its 30 day SMA of 1826.5

ACC Ltd.

20 Jul 2021

1858.10

0.11%

Result Update:ACC

Buy: ACC Ltd.

Target

Axis Direct

We value ACC at 11x its CY22E EV/EBITDA to arrive at TP of Rs 2,490/share, implying an upside of 16% from the CMP.

ACC Ltd. is trading below its 50 day SMA of 1862.2

ACC Ltd.

19 Jul 2021

1858.10

0.11%

Expansion provides growth visibility

Buy: ACC Ltd.

Target

Motilal Oswal

ACC's 2QCY21 result surprised positively on strong cost control. Moreover, coupled with a better pricing environment, this led to EBITDA/t of INR1,279 the highest since CY10 despite higher energy costs. ACC's Central India expansion should be commissioned in 2HCY22, potentially driving a 9% volume CAGR over CY2123E. We expect costs to remain in check, supported by a master supply agreement (MSA) with Ambuja as well as supply chain efficiencies. We raise our CY21/CY22 EPS...

Deven Choksey released a Buy report for ACC Ltd. with a price target of 2128.0 on 29 Aug, 2025.

ACC Ltd.

31 May 2021

1858.10

0.11%

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. has lost -25.87% in the last 1 Year

ACC Ltd.

22 Apr 2021

1858.10

0.11%

ACC

Hold: ACC Ltd.

Target

Geojit BNP Paribas

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. has an average target of 2261.86 from 7 brokers.

ACC Ltd.

20 Apr 2021

1858.10

0.11%

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 lost -25.87% in the last 1 Year

ACC Ltd.

20 Apr 2021

1858.10

0.11%

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.

Deven Choksey released a Buy report for ACC Ltd. with a price target of 2128.0 on 29 Aug, 2025.

ACC Ltd.

20 Apr 2021

1858.10

0.11%

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 its 50 day SMA of 1862.2

Is ACC Ltd. worth buying?

347 Votes:

Buy 76.37%

Sell 15.85%

Hold 7.78%

RESEARCH REPORTS

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