Arthneeti

ACC Q2 FY27 Share Price & Earnings Call Analysis

₹1,153.50+1.17% today
Market cap
₹21,665 Cr
P/E
11.41
ROE
10.86%
PEG
0.35
Price to sales
0.87
Debt to equity
0.02
52W high / low
₹1,914 / ₹1,125
Sales growth (5Y)
13.50%
EBITDA margin
10.33%
Net profit margin
8.18%
Promoter holding
56.69%
Sales (last year)
₹25,442 Cr

ACC Limited (incorporated in 1936), a member of the Adani Group, is principally engaged in the business of manufacturing and selling of Cement and Ready Mix Concrete. The Company has manufacturing facilities across India and caters mainly to the domestic market.[1][2]

Guidance scorecard · Q2 FY27 call

What ACC Ltd's management guided
and where it ranks in Cement & Cement Products

#13of 17 in
Cement & Cement Products
Revenue0–10%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

0–10%
  • Ambuja Cements targets an overall volume growth of 8% for FY27, focusing primarily on the trade segment, which accounts for over 75% of sales.
  • In July 2026, the company reported an 8% year-on-year growth in trade volumes, reflecting renewed momentum after a prior quarter volume decline.
  • Growth emphasis remains on increasing trade volumes while managing non-trade volumes selectively, focusing on profitable, high-margin sales rather than volume alone.
  • Long-term demand drivers include infrastructure, urbanization, industrialization, and housing, supporting sustained cement consumption growth.

2 more points from ACC Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what ACC Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • The company targets hitting 119 million tons capacity by end of FY27 with ongoing organic capacity additions.
  • For FY28 and FY29, capacity additions are expected to be organic, with plans for 8-10 million tons capacity additions annually.
  • Expansion projects are underway in North India (Bhatinda, Marwar Mundwa, Penna, Jodhpur) adding ~5.5 million tons capacity.
  • In West India, expansion at Kalamboli plant will add ~1 million tons capacity; expansions are also happening in Bihar, East, and Central regions.
  • Temporary closure of some old ACC and acquired facilities for cost and efficiency optimization, not permanent mothballing.
  • Total capex for FY27 is about INR 6,500 crores covering both growth and efficiency investments.

2 more points from ACC Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what ACC Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what ACC Ltd said on the order book →

Full Q1 FY27 analysis
Full Cement & Cement Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Cement & Cement Products
on management's own guidance

  1. BIGBLOC Const.Good growth
    2
  2. Strong growth
    1
  3. J K Cements LtdGood growth
    3
See all potential multibaggersWhere does ACC Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Cement & Cement Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹1.99L Cr34.6
2BIGBLOC Const.20–40%Up 2%+₹613 Cr364.4
3J K Cements Ltd20–40%Flat₹37,843 Cr38.8
410–20%Up 2%+₹1,289 Cr—
510–20%Flat₹3.21L Cr37.3
610–20%Flat₹83,058 Cr50.9

Sign up free to see every company in the sector ranking and track ACC Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Cement & Cement Products ranking

ACC Ltd announcements

All announcements →

Financials of ACC Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

ACC Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +56.69%56.69%56.69%56.69%56.69%56.69%56.69%56.69%56.69%56.69%56.69%56.69%
FIIs +6.24%6.17%5.64%5.50%5.14%4.83%4.66%5.04%5.99%5.93%5.83%5.75%
DIIs +24.14%24.64%24.82%24.42%24.66%24.92%24.13%22.55%21.37%21.62%21.12%20.97%
Government +0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%
Public +12.76%12.33%12.68%13.22%13.35%13.41%14.36%15.55%15.78%15.60%16.19%16.42%
No. of Shareholders1,64,5471,49,8931,68,3971,86,3931,94,4302,04,2092,19,0692,29,3642,37,7362,35,9882,38,5402,37,826

Financials of ACC Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +4,4354,9145,4095,1994,6345,9726,1156,0876,0056,4837,1465,8085,689
Expenses +3,8854,0104,5724,5204,1984,8565,2845,3095,1595,7836,5205,3515,288
Operating Profit5499058376794361,116830778846700626457401
OPM %12%18%15%13%9%19%14%13%14%11%9%8%7%
Other Income +21294350731246493307022591503137
Interest29346733332814302926272740
Depreciation213235237235242260265255279306279261274
Profit before tax5197298834842841,476882563763460370200124
Tax %25%26%-7%26%30%26%15%33%-47%12%36%26%25%
Net Profit +3885389433602001,0927513751,11940423814793
EPS in Rs20.6528.6350.2319.1510.6358.1439.9919.9959.5921.5212.697.834.95

Financials of ACC Ltd

Profit & Loss

Annual income statement trend

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023 15mMar 2024Mar 2025Mar 2026TTM
Sales +11,64611,70610,99013,28514,80215,65813,78616,15222,21019,95921,76225,96225,126
Expenses +10,11610,1239,53211,37012,75413,24511,43113,15420,28516,89718,70123,00422,942
Operating Profit1,5291,5831,4581,9152,0482,4132,3552,9981,9253,0623,0612,9582,184
OPM %13%14%13%14%14%15%17%19%9%15%14%11%9%
Other Income +241-90115137153332501641967351,175429210
Interest836579998886575577155108112120
Depreciation5686636096446036066396018418851,0011,1181,120
Profit before tax1,1207668851,3101,5102,0531,7092,5061,2032,7573,1272,1571,154
Tax %-3%25%26%29%-1%33%16%26%26%15%23%1%
Net Profit +1,1625876589251,5211,3781,4301,8638852,3352,4022,137883
EPS in Rs61.8831.3035.0649.2380.9773.3576.1699.2147.13124.34127.92113.8046.99
Dividend Payout %55%54%49%53%17%19%18%59%20%6%6%7%

Financials of ACC Ltd

Balance Sheet

Capital structure and asset base

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital188188188188188188188188188188188188188
Reserves8,0308,2338,6259,16810,34411,35612,51114,12113,95016,14018,36720,36320,488
Borrowings +000000102126153355430429513
Other Liabilities +4,4644,3794,5815,4905,5245,5925,3996,6046,2526,6856,4286,5467,596
Total Liabilities12,68212,80013,39414,84616,05617,13618,20021,03920,54423,36825,41327,52528,785
Fixed Assets +5,6665,3317,5687,2807,0887,0276,6946,7507,51210,00710,82911,25612,091
CWIP1,9562,3962612693984465481,2161,6849862,0612,2271,662
Investments1,3851,314117951041161291501638111,5095555
Other Assets +3,6753,7595,4487,2028,4669,54710,82812,92311,18511,56411,01313,98714,977
Total Assets12,68212,80013,39414,84616,05617,13618,20021,03920,54423,36825,41327,52528,785

Financials of ACC Ltd

Cash Flows

Operating, investing and financing cash movement

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,3521,4571,3901,5541,1182,2552,2192,835-1,2352,9951,711-1,364
Cash from Investing Activity +-1,457-904-533-379-364-321-535-988-4,637-1,205-1,2621,273
Cash from Financing Activity +-837-716-430-426-380-374-327-331-1,238-443-1,002-422
Net Cash Flow-942-1644267503741,5591,3571,517-7,1101,347-553-513
Free Cash Flow-2513378891,0346201,7601,4711,682-3,2161,646-242-2,393
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit104%107%114%93%80%112%124%104%-43%104%59%-55%

Financials of ACC Ltd

Ratios

Working capital efficiency and return ratios

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days131518182115121014152054
Inventory Days2332352782612631531311621091128558
Days Payable1391732863373011982072431101117380
Cash Conversion Cycle1067710-58-17-30-64-7013163232
Working Capital Days-54-53-64-51-28-42-63-713618671
ROCE %15%12%11%16%16%19%16%19%9%17%17%11%

Guidance history

How ACC Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%FlatPlanned——
Q4 FY26 call →0–10%Down 0–2%PlannedPlanned—
Q3 FY26 call →10–20%FlatPlannedPlanned—
Q2 FY26 call →10–20%Up 2%+Planned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

9out of 100

Momentum score · price trend

9 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−38.7%12%
Last 6 months−20.6%19%
Last 3 months−16.8%26%

The price is 58.1% below its all-time high of ₹2,720.4 (16 Feb 2024). Stocks more than 20% below their peak have their score halved, so 18 became 9.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For ACC Ltd: 0.4 × 12 + 0.4 × 19 + 0.2 × 26 = 18, halved to 9 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What ACC Ltd's management said in earlier quarters

Others in Cement & Cement Products this season

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    Q2 FY27 Revenue from Operations: ₹1,912.1 crore, up 33.1% YoY (Page 24) . Key investor presentation takeaways from JSW Cement Ltd's Q2 FY27 investor presentatio

  • Dalmia BharatLtd (Q2 FY27)

    INR 10,000 crores of capex broadly invested in bringing approximately 20 million tons of capacity online. Key concall takeaways from Dalmia Bharat Ltd's Q2…

  • J K Cements Ltd (Q2 FY27)

    JK Cement approved a paint plant investment under JK Maxx: 75,000 KL capacity with an overall cost of INR130 crores, part of a total INR600 crores sanctioned…

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