|
24 Apr 2025 |
ACC
|
Consensus Share Price Target
|
2086.10 |
2287.19 |
- |
9.64 |
buy
|
|
|
|
|
27 Oct 2023
|
ACC
|
ICICI Securities Limited
|
2086.10
|
2451.00
|
1899.85
(9.80%)
|
Target met |
Buy
|
|
|
ACC had a decent performance in Q2FY24 with EBITDA/t at INR 677 (4% below estimates), down 17% QoQ mainly due to seasonal low-operating leverage. While realisation disappointed, falling 1.2% QoQ, the underlying price improvement across regions is driving ~3% upwards revision to each of our FY24E and FY25E EBITDA estimates.
|
|
27 Oct 2023
|
ACC
|
Axis Direct
|
2086.10
|
2460.00
|
1878.00
(11.08%)
|
Target met |
Buy
|
|
|
Strong Volume Growth: The company's volume increased by 18% YoY to 8.1 mtpa, supported by an increase in blended cement and an improvement in efficiency parameters.
|
|
11 Sep 2023
|
ACC
|
Geojit BNP Paribas
|
2086.10
|
2325.00
|
2051.05
(1.71%)
|
Target met |
Accumulate
|
|
|
|
|
30 Jul 2023
|
ACC
|
ICICI Securities Limited
|
2086.10
|
2084.00
|
1948.90
(7.04%)
|
Target met |
Accumulate
|
|
|
ACC has made a strong comeback under the management of Adani Group. Q1FY24 EBITDA surged 81% YoY / 65% QoQ (65% ahead of our estimate) with outperformance across the board. With industry-superior volume growth (up 24% YoY) as well as cost control (costs down >7% QoQ), ACC’s EBTDA/te gap vs industry leader UltraTech Cement has got narrowed to ~INR 200 from >INR 400-500 in the past.
|
|
28 Jul 2023
|
ACC
|
Axis Direct
|
2086.10
|
2540.00
|
1948.90
(7.04%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock and increase our estimates for FY24E and FY25E.
|
|
17 Jul 2023
|
ACC
|
Motilal Oswal
|
2086.10
|
2000.00
|
1811.50
(15.16%)
|
Target met |
Neutral
|
|
|
|
|
05 May 2023
|
ACC
|
Geojit BNP Paribas
|
2086.10
|
1931.00
|
1764.65
(18.22%)
|
Target met |
Hold
|
|
|
|
|
04 May 2023
|
ACC
|
ICICI Direct
|
2086.10
|
2130.00
|
1766.30
(18.11%)
|
Target met |
Buy
|
|
|
|
|
03 May 2023
|
ACC
|
Axis Direct
|
2086.10
|
2300.00
|
1743.60
(19.64%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock while revising our estimates for FY24 and FY25 slightly lower.
|
|
03 May 2023
|
ACC
|
BOB Capital Markets Ltd.
|
2086.10
|
1964.00
|
1743.60
(19.64%)
|
Target met |
Hold
|
|
|
Volume-led topline growth truncated by muted realisations (+1% YoY) in Q4, an indication of market share pressure
|