ACC Ltd (ACC)

ACC Ltd Reports Strong Q4 Profits; ICICI Securities Gives Buy Call - 01 May, 2024

ACC Ltd's Q4 profits beat expectations due to strong sales volumes. ICICI Securities recommends buying the stock with a target price of Rs 3,272 based on cost efficiencies and healthy RoE numbers.

ACC Receives Positive Outlook and Buy Rating from Analysts - 29 Apr, 2024

ACC receives positive outlook for the cement industry due to government initiatives and strong demand-supply dynamics. Prabhudas Lilladher recommends a Buy rating with a target price of Rs 3509 based on strong Q4 performance and expected growth in cement capacity.

ACC Reports Strong Q4 Results with Impressive Profit Surge - 27 Apr, 2024

Leading cement manufacturer, ACC, reported a significant increase in revenue and profit for Q4 2024. The company's topline grew by 12.9% YoY, while the profit surged by an impressive 300.96% YoY. ACC also declared a final dividend of ₹7.5 per share. Analysts have provided varied ratings, but the consensus recommendation is to Buy. ACC has delivered positive returns with 6.95% in the last 1 week, 35.78% return in the last 6 months, and 16.66% year-to-date return.

ACC's Q4 Earnings Beat Estimates; CLSA Maintains Underperform Rating - 26 Apr, 2024

ACC Ltd's Q4 FY24 standalone profit rises 216%, beating Street estimates. Consolidated net profit rises 300% YoY to Rs 945 crore. CLSA maintains underperform rating while Emkay Global maintains buy call.

ACC Reports Strong Q4 Results; Recommends Dividend - 25 Apr, 2024

ACC Ltd, owned by Adani Group, reported strong Q4 results with a surge in net profit by 300% YoY to Rs 944.84 crore, beating analyst estimates. The company also recommended a dividend of Rs 7.50 per equity share for FY23-24.

ACC Ltd Stock Trades Bullish - 22 Apr, 2024

Shares of ACC Ltd are trading positively, having climbed 40.84% in the last one year till date. The MACD signalled a bearish bias on the counter.

Mixed Outlook for ACC as Cement Stocks Slide Despite Revenue Growth Forecast - 16 Apr, 2024

ACC and other top cement firms are expected to see revenue growth in the upcoming quarter, but oversupply and valuation concerns have caused their stocks to slide. Analysts predict that companies managing margins well will still attract buying interest.

Adani Group Aims for 20% Market Share in Indian Cement Industry - 15 Apr, 2024

Adani Cement, the parent company of Ambuja Cements and ACC Ltd, plans to increase its market share from 14% to 20% by FY28 through an internal accruals-driven capex program. Adani Cement is intensifying its capacity expansion pace and anticipates a growth rate of 16% to achieve 140 MTPA by FY2028.

Adani Group Targets One-Fifth Share in Indian Cement Market - 12 Apr, 2024

Adani Group plans to secure a 20% share in India's cement market by FY28 through its subsidiaries Ambuja Cements and ACC Ltd. The company projects a growth trajectory and accelerated expansion rate to achieve a capacity of 140 million tonnes per annum. However, ACC Ltd's market cap dropped by Rs 17 billion last week.

ACC Ltd's P/E Ratio Lower Than Industry Average - 11 Apr, 2024

ACC Ltd's price-to-earnings (P/E) ratio is lower than the industry average of 39.60, standing at 29.14. The company's operating revenues and after-tax profits have also increased significantly.

Prabhudas Lilladher Sets Buy Call on ACC Ltd with Target Price of Rs 3516 - 09 Apr, 2024

ACC Ltd reported a consolidated total income of Rs 5000.51 crore for Q4-2023, up 7.66% from the previous quarter and 9.24% YoY. The company's net profit after tax was Rs 530.09 crore in the latest quarter. Promoters held 56.69% stake in the company as of Dec 31, 2023, while FIIs owned 6.24%, DIIs 24.05%.

Cement Companies Announce Price Hikes, ACC Ltd. Remains Top Pick - 08 Apr, 2024

After a five-month period of price cuts, cement companies in various regions have announced price hikes ranging from Rs 10-40 per bag. FY24 growth may slightly moderate due to soft demand amid general elections and labour shortages. However, UltraTech Cement Ltd., ACC Ltd. and Sagar Cements Ltd. remain top picks within the coverage universe.

Cement Stocks Gain as Companies Hike Prices - 02 Apr, 2024

Reports suggest that cement companies have taken an average price hike of Rs 10-15 per bag across the country, leading to gains in UltraTech Cement, Shree Cements, Ambuja Cements, ACC and Dalmia Bharat shares.