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Swing Capital

ACC Ltd

NSE: ACC BSE: 500410Cement

ACC Limited (incorporated in 1936), a member of the Adani Group, is principally engaged in the business of manufacturing and selling of Cement and Ready Mix Concrete. The Company has manufacturing facilities across India and caters mainly to the domestic market.[1][2]

₹1,349
52W: ₹1250 — ₹2029
PE 11.8 · Book ₹1087 · +24% vs book
Market Cap₹25,330 Cr
Stock P/E11.8Price to Earnings
ROCE11.4%Return on Capital
ROE11%Return on Equity
Div. Yield0.55%Face Value ₹10

Strengths

  • +Company is almost debt free.

Weaknesses

  • −Tax rate seems low
  • −Company has a low return on equity of 12.7% over last 3 years.
  • −Debtor days have increased from 29.0 to 52.0 days.
  • −Working capital days have increased from 32.1 days to 70.7 days

Shareholding Pattern

Promoters56.69%
FIIs5.93%
DIIs21.62%
Public15.6%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters56.69%56.69%56.69%56.69%56.69%56.69%56.69%56.69%
FIIs5.64%5.5%▼0.15.14%▼0.44.83%▼0.34.66%▼0.25.04%▲0.45.99%▲1.05.93%▼0.1
DIIs24.82%24.42%▼0.424.66%▲0.224.92%▲0.324.13%▼0.822.55%▼1.621.37%▼1.221.62%▲0.3
Public12.68%13.22%▲0.513.35%▲0.113.41%▲0.114.36%▲0.915.55%▲1.215.78%▲0.215.6%▼0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales4,9185,3985,2004,6295,9406,0576,0665,9256,4597,076
Expenses4,0154,5614,5234,2004,8315,2565,2935,1065,7656,459
Operating Profit9038376774291,109800773820694616
OPM %18%16%13%9%19%13%13%14%11%9%
Net Profit5277493662341,0897353841,112541249
EPS ₹28.0939.8619.512.4557.9939.1620.4859.2228.8313.24

AI Insights

Revenue Trend

Mar 2026 revenue at ₹25,766Cr, up 18.9% YoY. OPM at 11%.

Debt Position

Borrowings at ₹429Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.

Capex Cycle

CWIP at ₹2,030Cr (21% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 21.62% (+2.27pp change). FIIs: 5.93% (-4.05pp change). Promoters hold 56.69%.

Margin & Efficiency

ROCE declining from 15% (Dec 2014) to 11% (Mar 2026). Working capital days: 71.

Valuation

PE 11.8x with 11.4% ROCE. Price is 24% above book value of ₹1,087. Dividend yield: 0.55%.

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