ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 29344.58 Crore) operating in Cement sector.
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Promoters held 54.5 per cent stake in the company as of Sept 30, 2020, while FIIs held 6.7 per cent, DIIs 25.7 per cent and public and others 13.1 per cent.
Motilal Oswal has given buy rating to ACC with a target price of Rs 1805. The share price moved up by 1.42 per cent from its previous close of Rs 1562.80. The stock’s last traded price is Rs 1585.
ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 29344.58 Crore) operating in Cement sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 3467.50 Crore, up 37.58 % from last quarter Sales of Rs 2520.30 Crore and up .09 % from last year same quarter Sales of Rs 3464.43 Crore Company reported net profit after tax of Rs 363.25 Crore in latest quarter.
Investment Rationale The brokerage values ACC at 9x CY22E EV/EBITDA (~20% discount to the past five-year average of 11.4x) to arrive at Target Price of Rs 1,805; this implies target EV/t of USD74 and target P/E of 21x on CY22E. Promoter/FII Holdings Promoters held 54.5 per cent stake in the company as of Sept 30, 2020, while FIIs held 6.7 per cent, DIIs 25.7 per cent and public and others 13.1 per cent.
