ACC Ltd Rising 7.34%: Cement Sector Growth Prospects | Espresso


Espresso shot of the day – ACC Ltd up by 7.34 percent

July 20, 2021
Espresso shot of the day – ACC Ltd up by 7.34 percent

ACC LTD 2308.55 (+7.34%) BSE – INE012A01025 | 20TH JULY 2021

ACC Limited (ACC) is a leading player in the Indian building materials space, with a pan-India manufacturing and marketing presence. With 17 cement manufacturing units, over 90 ready mix concrete plants, over 6,600 talented employees, a vast distribution network of 50,000+ dealers and retailers and a countrywide spread of sales offices, it contributes tremendously to the landscape of the country. For over 80 years, ACC has been synonymous with cement, establishing its reputation as a pioneer organisation that consistently sets new benchmarks in research and innovative product development. History was created more than eight decades ago when the doyens of the Indian cement industry unified their operations to build the foundation of a company that has only grown stronger with every passing year. From the Bhakra Nangal Dam in 1960 to the Mumbai-Pune Expressway, ACC cement is at the heart of iconic landmarks across the country. Their success over the years can be attributed to their unrelenting focus on customer centricity, ethical business practices and sustainable development. They pay tribute to our motto of “Cementing Relationships” with every single interaction with their range of stakeholders. ACC’s brand architecture comprises the Gold range and Silver range of products, assuring superior quality for general construction as well as for specialised applications and environments. The ready mix concrete product range provides one-stop solutions from basic requirements to high grades of concrete to build the country’s tallest structures.

Recent Drivers

  • On July 19, 2021, ACC Ltd. reported quarterly net profit at Rs 533.81 crores in June 2021, up 99.19% from Rs 267.99 crores in June 2020.
  • On July 19, 2021, ACC Ltd. reported Net Sales at Rs 3,884.80 crores in June 2021, up 49.37% from Rs 2,600.83 crores in June 2020.
  • ACC Managing Director and CEO Sridhar Balakrishnan said, "Demand is expected to recover, supported strongly by the Government's increased spending on large-scale infrastructure projects, which augurs well for the Cement sector. We believe we are well poised to capitalize on the growth momentum in the ensuing period."
  • On July 9, 2021, Ambuja Cements and ACC expect to consolidate their leadership in the Indian cement sector by investing in Industry 4.0 under its “Plants of Tomorrow” program. This transformative program aims to make cement manufacturing more efficient through better plant optimisation, higher plant availability and a safer working environment.
  • On June 5, 2021, Ambuja Cement and ACC are investing Rs 780 crores in setting up six Waste Heat Recovery Systems (WHRS) of 76 MW at eight kiln lines across six cement plants. The WHRS is expected to reduce the carbon footprint by 5.61 lakh tonnes annually, the company said.
(Sources: Moneycontrol, BSEIndia, IndiaCSR)

Technical Force*

  • S&P BSE 100 month till date gain up by -0.75%
  • Traded on all-time-high value of 2342.95
  • 3 months avg. volume of NSE: 6,77,707
  • Quantity traded: 3,41,721 | Deliverable quantity: 16,655 (4.87%)
  • Stock price has jumped more than 75% from one-year low level: 1,289.70 (Sept 7, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 2,342.95 | 52-week-low: 1,289.70

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Some Key Ratios (Source: BSE)

Market Cap: 43,351.63 crores

PE: 22.60

OPM%: 22.69

ROE%: 14.21

Promoters holding%: 54.53

Prev. Close: 2150.65

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.