ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 26192.57 Crore) operating in Cement sector.
By ETMarkets.com | Updated:
Shutterstock.com
Promoters held 54.5 per cent stake in the company as of June 30, 2020, while FIIs held 8.4 per cent, DIIs 17.1 per cent and public and others 19 per cent.
ICICI Securities has given a buy rating to ACC with a target price of Rs 1625. The share price moved down by 0.74 per cent from its previous close of Rs 1401.25. The stock’s last traded price is Rs 1390.95.
ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 26192.57 Crore) operating in Cement sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 2520.30 Crore, down 26.59 % from last quarter Sales of Rs 3433.02 Crore and down 37.91 % from last year same quarter Sales of Rs 4059.28 Crore Company has reported net profit after tax of Rs 268.74 Crore in latest quarter.
Investment Rationale Volumes from ACEM’s Marwa-Mundwa expansion by Q1CY21E could also be serviced by ACC, thus providing additional volume visibility. THe brokerage has maintained CY20-CY21E EBITDA (which are ~15% ahead of consensus) with an unchanged target price of Rs1,625/share (9x Mar’22E EV/E). ACC currently trades at an attractive valuation of 7.7xCY21E EV/E.
Promoter/FII Holdings Promoters held 54.5 per cent stake in the company as of June 30, 2020, while FIIs held 8.4 per cent, DIIs 17.1 per cent and public and others 19 per cent.
ACC share price 0.06 per cent
