The cement industry, epitomized by leaders like ACC, stands pivotal in fortifying global infrastructure. Beyond providing robust construction materials, ACC fuels economies, offering diverse employment opportunities across mining, manufacturing, and logistics. Embracing sustainability, the industry innovates, curbing carbon footprints, aligning with eco-friendly construction demands, and forging a promising, resilient future.
So, let’s analyze a Company’s growth and decline and unveil the Trends from Revenue surge to profitability challenges in 2024 and understand factors impacting a shift in Business Performance
About ACC
ACC Limited, a member of the Adani Group, has a rich history dating back to 1936. It’s a prominent player in the cement and ready-mix concrete industry in India. ACC’s products include cement, ready-mix concrete, construction chemicals, and dry mix solutions for various customer segments. In 2020, most of its revenue, about 90%, came from cement, while ready-mix concrete contributed 7%.
The company operates 17 modern cement plants and 79 ready-mix concrete plants across India, giving it a significant production capacity of around 34.5 million metric tonnes annually. It also has eight captive power plants to ensure a reliable energy supply.
ACC is committed to efficiency and sustainability. It launched ‘Blue Yonder,’ an AI-powered supply chain management platform, to improve predictability and manage disruptions. It’s also focused on sustainability, introducing innovative products like ACC Thermofillcrete and ACC Suraksha NX.
As part of the Adani Group, ACC plays a crucial role in the construction and infrastructure development of India. Its dedication to quality, innovation, and customer satisfaction has made it a respected brand in the cement industry.
ACC Share Price Target 2024 To 2030
ACC Share Price Target 2024
| When | Maximum Price | Minimum Price |
| June 2024 | 2,673.70 | 2,324.96 |
| July 2024 | 2,646.97 | 2,301.71 |
| August 2024 | 2,752.85 | 2,393.78 |
| September 2024 | 2,862.96 | 2,489.53 |
| October 2024 | 2,806.82 | 2,440.72 |
| November 2024 | 2,919.10 | 2,538.34 |
| December 2024 | 2,948.29 | 2,563.73 |
In 2024, the projected monthly maximum and minimum prices for ACC Cement Share are expected to range as follows: In June, the prices are anticipated to be between ₹2,673.70 and ₹2,324.96. July is expected to see prices from ₹2,646.97 to ₹2,301.71. August projections are ₹2,752.85 to ₹2,393.78, while September is expected to range from ₹2,862.96 to ₹2,489.53. In October, prices might fall between ₹2,806.82 and ₹2,440.72. For November, the forecast is ₹2,919.10 to ₹2,538.34. Finally, December is projected to have prices from ₹2,948.29 to ₹2,563.73.
ACC Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 2,977.77 | 2,290.59 |
| February 2025 | 3,007.85 | 2,313.73 |
| March 2025 | 3,071.01 | 2,362.32 |
| April 2025 | 3,040.61 | 2,338.93 |
| May 2025 | 2,952.05 | 2,270.80 |
| June 2025 | 3,084.89 | 2,372.99 |
| July 2025 | 3,024.40 | 2,326.46 |
| August 2025 | 3,117.94 | 2,398.41 |
| September 2025 | 3,155.35 | 2,427.19 |
| October 2025 | 3,237.39 | 2,490.30 |
| November 2025 | 3,318.33 | 2,552.56 |
| December 2025 | 3,467.65 | 2,667.42 |
As we step into 2025, the projected monthly maximum and minimum prices for ACC Cement Share are anticipated as follows: In January, prices are expected to range between ₹2,977.77 and ₹2,290.59. February should see prices from ₹3,007.85 to ₹2,313.73, while March is projected to have a range of ₹3,071.01 to ₹2,362.32. April’s forecast suggests prices between ₹3,040.61 and ₹2,338.93. May is expected to see a range from ₹2,952.05 to ₹2,270.80. In June, prices are likely to range from ₹3,084.89 to ₹2,372.99. July might see a range of ₹3,024.40 to ₹2,326.46. For August, the projection is between ₹3,117.94 and ₹2,398.41. September is expected to range from ₹3,155.35 to ₹2,427.19, while October may see prices from ₹3,237.39 to ₹2,490.30. November is projected to have prices between ₹3,318.33 and ₹2,552.56. Finally, December 2025 is anticipated to range from ₹3,467.65 to ₹2,667.42.
ACC Share Price Target 2026 to 2030
| Year | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| 2026 | ₹3,597.19 | ₹2,238.03 |
| 2027 | ₹3,716.91 | ₹2,461.83 |
| 2028 | ₹3,923.67 | ₹2,160.83 |
| 2029 | ₹4,162.92 | ₹2,131.46 |
| 2030 | ₹4,241.79 | ₹2,179.25 |
As we step into the future, the projected annual maximum and minimum prices for ACC Cement Share are anticipated as follows: In 2026, prices are expected to range between ₹3,597.19 and ₹2,238.03. For 2027, the forecast suggests a range from ₹3,716.91 to ₹2,461.83. In 2028, prices are projected to vary between ₹3,923.67 and ₹2,160.83. By 2029, the anticipated range is from ₹4,162.92 to ₹2,131.46. Finally, in 2030, prices are expected to range between ₹4,241.79 and ₹2,179.25.
ACC Financial Condition Last 5 Years
| Dec 2019 | Dec 2020 | Dec 2021 | Mar 2023 | Mar 2024 | |
| Sales + | 15,658 | 13,786 | 16,152 | 22,210 | 19,959 |
| Expenses + | 13,245 | 11,431 | 13,154 | 20,285 | 16,897 |
| Operating Profit | 2,413 | 2,355 | 2,998 | 1,925 | 3,062 |
| OPM % | 15% | 17% | 19% | 9% | 15% |
| Other Income + | 332 | 50 | 164 | 196 | 735 |
| Interest | 86 | 57 | 55 | 77 | 155 |
| Depreciation | 606 | 639 | 601 | 841 | 883 |
| Profit before tax | 2,053 | 1,709 | 2,506 | 1,203 | 2,759 |
| Tax % | 33% | 16% | 26% | 26% | 15% |
| Net Profit + | 1,378 | 1,430 | 1,863 | 885 | 2,337 |
| EPS in Rs | 73.35 | 76.16 | 99.21 | 47.13 | 124.42 |
| Dividend Payout % | 19% | 18% | 59% | 20% | 6% |
The company has experienced notable fluctuations in its performance from December 2019 to March 2024. Sales reached their peak at ₹22,210 crore in March 2023 before slightly decreasing to ₹19,959 crore in March 2024. Expenses followed a similar trend, peaking at ₹20,285 crore in March 2023 and then dropping to ₹16,897 crore in March 2024. Operating profit varied over the years, hitting a high of ₹3,062 crore in March 2024 after dipping to ₹1,925 crore in March 2023. The Operating Profit Margin (OPM) demonstrated improvement, returning to 15% in March 2024 from a low of 9% in March 2023.
Other income saw a significant increase, especially in March 2024, where it rose to ₹735 crore. Interest expenses remained relatively low, with a slight increase to ₹155 crore in March 2024. Depreciation costs increased steadily, reaching ₹883 crore in March 2024. Profit before tax showcased a significant rebound, surging to ₹2,759 crore in March 2024 from ₹1,203 crore in March 2023. The effective tax rate fluctuated, dropping to 15% in March 2024. Net profit also saw a substantial rise, peaking at ₹2,337 crore in March 2024. Earnings per Share (EPS) followed a similar upward trend, reaching ₹124.42 in March 2024. Despite fluctuations in performance, the dividend payout percentage dropped significantly to 6% in March 2024 from its highest of 59% in December 2021.
FAQS
What Is the Current Share Price Of ACC?
As of 16th June 2024, the current share price of ACC is ₹2,662.
What Is the Price Target for ACC For 2025?
In December 2025, ACC’s expected maximum price is ₹3,467.65, and the expected minimum price is ₹2,270.80.
What Is the Price Target for ACC For 2030?
Looking ahead, ACC’s stock price is expected to grow gradually, reaching an expected ₹3,597.19 in 2026 and ₹4,241.79 in 2030, with varying expected minimum prices over the years.
Should One Invest in ACC?
Investing in ACC Limited, a member of the Adani Group primarily engaged in cement and ready-mix concrete manufacturing, demands a comprehensive evaluation. On the positive side, ACC enjoys a robust financial position, characterized by its almost debt-free status. This financial stability suggests that the company has the resilience to weather economic downturns and undertake growth initiatives without the burden of excessive debt.
Furthermore, ACC has a commendable track record of maintaining a healthy dividend payout of 32.2%, which may attract income-focused investors. However, there are notable concerns. The company has struggled with sales growth, achieving only a modest 10.8% increase over the past five years. This raises questions about ACC’s ability to expand its market share and compete effectively in the cement industry.
Additionally, the return on equity (ROE) has been relatively low, standing at 7.06% over the last three years. This suggests that ACC might not be efficiently utilizing shareholders’ equity to generate profits.
In a competitive landscape with peers like UltraTech Cement, Shree Cement, Ambuja Cements, and others, ACC’s price-to-earnings (P/E) ratio of 44.14 and dividend yield of 0.46% are reasonable. However, potential investors should thoroughly research ACC’s growth strategies, industry dynamics, and market positioning before making investment decisions. It’s essential to consider individual investment goals, risk tolerance, and the company’s prospects within the cement sector before committing to ACC Limited.
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