Buy ACC, target Rs 1,625: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on ACC Ltd. with a target price of Rs 1625. The current market price of ACC Ltd. is Rs 1581.8. Time period given by the analyst is Intra Day when ACC Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 1555. ACC Ltd., incorporated in 1936, has a market cap of Rs 29704.19 crore.

ACC Ltd. key Products/Revenue Segments include Cement which contributed Rs 12692.83 Crore to Sales Value (89.38 % of Total Sales), Ready Mix Concrete which contributed Rs 1153.71 Crore to Sales Value (8.12 % of Total Sales), Other Operating Revenue which contributed Rs 324.39 Crore to Sales Value (2.28 % of Total Sales) and Scrap which contributed Rs 29.26 Crore to Sales Value (0.20 % of Total Sales)for the year ending 31-Dec-2017.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 4059.28 Crore, up 5.45 % from last quarter Sales of Rs 3849.63 Crore and up 7.73 % from last year same quarter Sales of Rs 3767.90 Crore Company has reported net profit after tax of Rs 452.81 Crore in latest quarter. The company’s top management includes Mr.Arunkumar R Gandhi, Mr.Ashwin Dani, Mr.Christof Hassig, Mr.Farrokh K Kavarana, Mr.Jan Jenisch, Mr.Martin Kriegner, Mr.N S Sekhsaria, Mr.Neeraj Akhoury, Mr.Shailesh Haribhakti, Mr.Sushil Kumar Roongta, Mr.Vijay Kumar Sharma, Ms.Falguni Nayar. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-06-2019, the company has a total of 187,787,263 shares outstanding.