ACC

ACC Limited

Grey and blended cement and ready-mix concrete producer under Adani Group

Commodities›Construction Materials›Cement & Cement Products›Cement & Cement Products

acclimited.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1187.20
Market cap
22,288 Cr
Stock P/E
11.7
P/B
1.08
Dividend yield
0.6%
ROE (FY26)
10.4%
ROCE (FY26)
11.0%
Operating margin (FY26)
7.1%
OCF / EBITDA (FY26)
-46.0%
OCF / EBITDA (3Y)
36.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

ACC makes and sells cement and ready-mix concrete in India, and is part of the Adani cement platform alongside Ambuja Cements.

Company snapshot

7thBy market cap

Ranked among 32 companies in Cement & Cement Products.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

SegmentRevenue shareRevenuePBTAssets
Cement—0 Cr0 Cr—

What we see

Positives
  • ✓Interest coverage of 16.3x — earnings comfortably cover interest obligations.
Concerns
  • ✗Only 37% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales4,435 Cr4,914 Cr5,409 Cr5,155 Cr4,614 Cr5,927 Cr6,067 Cr6,087 Cr5,932 Cr6,483 Cr7,146 Cr5,808 Cr
Operating expenses (approx.)3,885 Cr4,010 Cr4,572 Cr4,476 Cr4,177 Cr4,812 Cr5,236 Cr5,309 Cr5,086 Cr5,783 Cr6,520 Cr5,351 Cr
EBITDA549 Cr905 Cr837 Cr679 Cr436 Cr1,116 Cr830 Cr778 Cr846 Cr700 Cr627 Cr457 Cr
OPM %12.4%18.4%15.5%13.2%9.5%18.8%13.7%12.8%14.3%10.8%8.8%7.9%
Other income210 Cr86 Cr120 Cr72 Cr159 Cr648 Cr194 Cr68 Cr224 Cr58 Cr52 Cr53 Cr
Interest29 Cr34 Cr67 Cr33 Cr33 Cr28 Cr14 Cr30 Cr29 Cr26 Cr27 Cr27 Cr
Depreciation213 Cr235 Cr235 Cr232 Cr242 Cr260 Cr265 Cr255 Cr279 Cr306 Cr279 Cr261 Cr
Profit before tax519 Cr729 Cr885 Cr486 Cr284 Cr1,477 Cr882 Cr563 Cr763 Cr460 Cr370 Cr200 Cr
Tax %25.3%26.3%-6.8%25.7%29.7%26.1%14.9%33.3%-46.7%12.1%35.7%26.5%
Net profit388 Cr538 Cr945 Cr361 Cr200 Cr1,092 Cr751 Cr375 Cr1,119 Cr404 Cr238 Cr147 Cr
EPS (₹)₹20.66₹28.63₹50.31₹19.24₹10.55₹58.14₹39.99₹19.99₹59.60₹21.52₹12.69₹7.83

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricDec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales14,201 Cr14,802 Cr15,658 Cr13,786 Cr16,152 Cr17,419 Cr22,210 Cr19,959 Cr21,762 Cr25,962 CrSign in free for the trailing twelve months
Operating expenses (approx.)12,288 Cr12,754 Cr13,245 Cr11,431 Cr13,154 Cr15,963 Cr20,285 Cr16,897 Cr18,701 Cr23,012 CrSign in free for the trailing twelve months
EBITDA1,912 Cr2,048 Cr2,413 Cr2,355 Cr2,998 Cr1,456 Cr1,925 Cr3,062 Cr3,061 Cr2,950 CrSign in free for the trailing twelve months
OPM %13.5%13.8%15.4%17.1%18.6%8.4%8.7%15.3%14.1%11.4%Sign in free for the trailing twelve months
Other income129 Cr143 Cr318 Cr217 Cr207 Cr223 Cr342 Cr493 Cr1,072 Cr402 CrSign in free for the trailing twelve months
Interest99 Cr88 Cr86 Cr57 Cr55 Cr62 Cr77 Cr155 Cr108 Cr112 CrSign in free for the trailing twelve months
Depreciation644 Cr603 Cr606 Cr639 Cr601 Cr665 Cr841 Cr883 Cr1,001 Cr1,118 CrSign in free for the trailing twelve months
Profit before tax1,310 Cr1,510 Cr2,053 Cr1,709 Cr2,506 Cr871 Cr1,203 Cr2,759 Cr3,127 Cr2,157 CrSign in free for the trailing twelve months
Tax %29.4%-0.7%32.9%16.3%25.7%25.4%26.4%15.3%23.2%0.9%Sign in free for the trailing twelve months
Net profit925 Cr1,521 Cr1,378 Cr1,430 Cr1,863 Cr650 Cr885 Cr2,337 Cr2,402 Cr2,137 CrSign in free for the trailing twelve months
EPS (₹)₹49.23₹80.97₹73.35₹76.16₹99.21₹34.58₹47.13₹124.42₹127.92₹113.80Sign in free for the trailing twelve months
Dividend payout %———18.4%14.1%—123.0%7.5%5.9%6.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricDec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital188 Cr188 Cr188 Cr188 Cr188 Cr188 Cr188 Cr188 Cr188 Cr188 Cr
Reserves9,168 Cr10,344 Cr11,356 Cr12,511 Cr14,121 Cr—13,950 Cr16,142 Cr18,367 Cr20,363 Cr
Borrowings——————————
Other liabilities5,487 Cr5,521 Cr5,589 Cr5,498 Cr6,727 Cr19,902 Cr6,402 Cr7,052 Cr6,854 Cr6,971 Cr
Total liabilities14,846 Cr16,056 Cr17,136 Cr18,200 Cr21,039 Cr20,090 Cr20,544 Cr23,386 Cr25,413 Cr27,525 Cr
Fixed assets (net)7,224 Cr7,035 Cr6,977 Cr6,638 Cr6,696 Cr—7,364 Cr9,262 Cr10,106 Cr10,192 Cr
CWIP269 Cr398 Cr446 Cr548 Cr1,245 Cr—1,684 Cr986 Cr2,061 Cr2,227 Cr
Investments95 Cr104 Cr116 Cr129 Cr150 Cr—163 Cr811 Cr1,509 Cr446 Cr
Loans & advances—77 Cr29 Cr59 Cr7 Cr—6 Cr4 Cr5 Cr6 Cr
Inventories1,405 Cr1,679 Cr1,142 Cr901 Cr1,274 Cr—1,624 Cr1,869 Cr1,925 Cr1,789 Cr
Trade receivables666 Cr867 Cr627 Cr451 Cr489 Cr—869 Cr828 Cr1,163 Cr3,842 Cr
Cash & bank2,560 Cr2,933 Cr4,493 Cr5,849 Cr7,367 Cr—257 Cr1,604 Cr1,051 Cr537 Cr
Other assets2,627 Cr2,962 Cr3,307 Cr3,624 Cr3,812 Cr20,090 Cr8,577 Cr8,023 Cr7,592 Cr8,485 Cr
Total assets14,846 Cr16,056 Cr17,136 Cr18,200 Cr21,039 Cr20,090 Cr20,544 Cr23,386 Cr25,413 Cr27,525 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricDec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity1,554 Cr1,118 Cr2,255 Cr2,219 Cr2,835 Cr—-1,235 Cr2,995 Cr1,711 Cr-1,358 Cr
Cash from investing-380 Cr-364 Cr-322 Cr-535 Cr-988 Cr—-4,637 Cr-1,245 Cr-1,277 Cr1,267 Cr
Cash from financing-426 Cr-380 Cr-374 Cr-327 Cr-331 Cr—-1,238 Cr-443 Cr-1,002 Cr-422 Cr
Net cash flow749 Cr373 Cr1,559 Cr1,357 Cr1,517 Cr—-7,110 Cr1,312 Cr-568 Cr-513 Cr
Free cash flow (OCF − Capex)1,020 Cr598 Cr1,706 Cr1,471 Cr1,660 Cr—-3,340 Cr1,600 Cr-257 Cr-2,791 Cr

Ratios

MetricDec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.1%15.2%18.5%13.9%17.9%—9.1%17.8%17.4%11.0%
ROE %9.9%14.4%11.9%11.3%13.0%4.7%6.3%14.3%12.9%10.4%
Debtor days1721151211—14151954
Inventory days258258184197219—177219174143
Days payable333296238310327—162226148196
Cash conversion cycle-58-17-39-102-97—289451
OCF / EBITDA %81.3%54.6%93.4%94.2%94.6%—-64.2%97.8%55.9%-46.0%
OCF / EBITDA % (3 years)——77.3%82.0%94.1%———43.1%36.9%
Debt / equity——————————
Current ratio1.181.561.781.951.89—1.641.751.611.97
Net debt / EBITDA-1.34-1.43-1.86-2.48-2.460.00-0.13-0.52-0.34-0.18