|
13 Sep 2025 |
ACC
|
Consensus Share Price Target
|
1850.40 |
2144.45 |
- |
15.89 |
buy
|
|
|
|
|
01 Feb 2023
|
ACC
|
ICICI Securities Limited
|
1850.40
|
2460.00
|
1846.45
(0.21%)
|
Target met |
Buy
|
|
|
ACC’s Q4CY22 EBITDA of Rs3.8bn (down 32% YoY) was in line with our / consensus estimates. Total cost/te declined 7% QoQ (yet rose 13% YoY) due to significant dip in unit energy and logistics costs (-24% and -9% QoQ, respectively). However, unit RM cost increased 35% QoQ. Further, blended realisations (assuming ‘other operating income’ at Rs954mn) improved 1% QoQ (up 7% YoY).
|
|
01 Feb 2023
|
ACC
|
Axis Direct
|
1850.40
|
2450.00
|
1846.45
(0.21%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock however we have reduced our estimates forFY24; FY25 owing to delay in capacity expansion and temporary shutdown of plant in Himachal Pradesh.
|
|
31 Jan 2023
|
ACC
|
Motilal Oswal
|
1850.40
|
2215.00
|
1968.30
(-5.99%)
|
Target met |
Neutral
|
|
|
|
|
22 Nov 2022
|
ACC
|
Axis Direct
|
1850.40
|
2710.00
|
2460.85
(-24.81%)
|
|
Buy
|
|
|
We recommend a Buy the stock for a target price of Rs 2710/ implying an upside of 10% from CMP.
|
|
21 Oct 2022
|
ACC
|
Geojit BNP Paribas
|
1850.40
|
2461.00
|
2256.55
(-18.00%)
|
Target met |
Hold
|
|
|
|
|
18 Oct 2022
|
ACC
|
ICICI Direct
|
1850.40
|
2700.00
|
2246.45
(-17.63%)
|
|
Buy
|
|
|
|
|
18 Oct 2022
|
ACC
|
Axis Direct
|
1850.40
|
2760.00
|
2219.25
(-16.62%)
|
|
Buy
|
|
|
We value the company at 13xCY24 EV/EBITDA to arrive at a TP of Rs 2,760/share, (Rs 3050 earlier) implying an upside of 22% from the CMP. We maintain our BUY rating on the stock.
|
|
18 Oct 2022
|
ACC
|
ICICI Securities Limited
|
1850.40
|
2580.00
|
2270.10
(-18.49%)
|
Target met |
Accumulate
|
|
|
ACC’s Q3CY22 EBITDA of Rs164mn (down 98% YoY), almost a 20-year low, was drastically below our / consensus estimates.
|
|
18 Oct 2022
|
ACC
|
IDBI Capital
|
1850.40
|
2163.00
|
2219.25
(-16.62%)
|
Target met |
Hold
|
|
|
|
|
17 Oct 2022
|
ACC
|
Motilal Oswal
|
1850.40
|
2430.00
|
2219.25
(-16.62%)
|
Target met |
Neutral
|
|
|
|