ACC Ltd. share price target

We roll over our estimate to CY24E and value the company at 14x CY24E EV/EBITDA to arrive at a TP of Rs 3,050/ implying an upside of 11% from the CMP and change our rating from HOLD to BUY.

We value ACC at 11x its CY23E EV/EBITDA, factoring in the higher cost, and await margins to improve to arrive at a TP of Rs 2,010/share, implying a downside of 7% from the CMP and hence change its rating from BUY to HOLD

EBITDA margin shrank 570bps YoY to 14.3% (-110bps QoQ) on lower margin product mix, increased power and fuel costs, partly offset by lower employee costs. As a result, PAT declined 29.6% YoY to Rs. 396cr...

We value ACC at 10x its CY23E EV/EBITDA to arrive at a TP of Rs 2,300/share, implying an upside of 12% from the CMP

PAT of | 396.3 crore was down 29.6% YoY. However, it was higher than expected PAT of | 344 crore for the quarter What should investors do? ACC's share price has grown by ~1.9x over the past...

Waste heat recovery (WHR) capacity to increase to 75MW (current 7.5MW) after commissioning of ongoing expansion at Jamul and Kymore plants and recently approved projects at Chanda and Wadi plants ACC reported Q1CY22 earnings in line with our and consensus estimates (CE). EBITDA declined 26% YoY at Rs6.35bn (PLe:Rs6.30bn, CE:Rs6.47bn)...