Any current/future capex/capital investment/strategic investment?

FY '25 capex target is around INR7,000 to INR8,000 crores, with INR6,200 crores spent in first 9 months. Active projects include 10-12 new grinding units under construction. Waste Heat Recovery Systems (WHRS) investments ongoing; completion expected within 12-24 months. 1,000 MW renewable energy plan approved; 200 MW solar commissioned at Khavda, full plan to complete by June '26. Coal captive mine acquisitions in progress to reduce fuel costs further; significant impact expected around 2026-27. Digitalization investments underway (Cement Network Operating Centre) to improve operational effici

Future growth expectations in sales/revenue/volumes?

Ambuja Cements plans to expand cement capacity to 140 million tons by FY '28, targeting 118 million tons by end of FY '26. Post Orien Cement acquisition, operating capacity will rise to 97 million tons. Multiple clinker and grinding units across India are being commissioned between FY '25 and FY '26 to support growth. Expect volume growth to accelerate with organic growth becoming a primary driver from March quarter onwards. Current cement demand in India is around 450-460 million tons, projected to grow at ~8% annually (~30 million tons increment yearly). Ambuja’s volume grew 17% recently, wi

Future growth expectations in earnings/operating earnings/profits/EPS?

Volume growth expected; hitting over 100 million tons by March 2025, 118 million tons by FY '26, and 140 million tons by 2028. Cost reduction target of INR3,650 per ton by FY '28 from current ~INR4,600 per ton, aiding EBITDA margin expansion. Key cost savings from logistics optimization, renewable energy (1,000 MW RE by June 2026), waste heat recovery, alternate fuels, and captive coal mines starting around 2026-27. Progressive cost savings expected each quarter as investments mature, leading to improved EBITDA per ton. Premiumization and brand strengthening efforts aim to maintain price premi

ACC LtdQ4 FY25Cement & Cement Products

ACC Ltd Q4 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹1,325P/E: 13.8Market Cap: ₹26.2K CrSector: Cement & Cement Products

Management growth scorecard

Revenue

Category 3

Margin

Category 1

Fundraise

N/A

Order

N/A

Capex

Yes

2 of 3 growth signals are positive.

Full analysis

Revenue guidance

Category 3

→Ambuja Cements plans to expand cement capacity to 140 million tons by FY '28, targeting 118 million tons by end of FY '26.
→Post Orien Cement acquisition, operating capacity will rise to 97 million tons.
→Multiple clinker and grinding units across India are being commissioned between FY '25 and FY '26 to support growth.
→Expect volume growth to accelerate with organic growth becoming a primary driver from March quarter onwards.
→Current cement demand in India is around 450-460 million tons, projected to grow at ~8% annually (~30 million tons increment yearly).
→Ambuja’s volume grew 17% recently, with 11% growth in regions with new capacity; overall industry volume growth around 5-7%.
→Market share expected to increase driven by brand premiumization and capacity ramp-up.
→Demand supported by government infrastructure and housing programs, forecasted 4-5% demand growth in FY '25, improving in H2.
→Pricing anticipated to stabilize or improve with new efficient capacity and better cost structure.

Margin guidance

Category 1

→Volume growth expected; hitting over 100 million tons by March 2025, 118 million tons by FY '26, and 140 million tons by 2028.
→Cost reduction target of INR3,650 per ton by FY '28 from current ~INR4,600 per ton, aiding EBITDA margin expansion.
→Key cost savings from logistics optimization, renewable energy (1,000 MW RE by June 2026), waste heat recovery, alternate fuels, and captive coal mines starting around 2026-27.
→Progressive cost savings expected each quarter as investments mature, leading to improved EBITDA per ton.
→Premiumization and brand strengthening efforts aim to maintain price premiums and support realizations.
→Expect stable or improving pricing environment driven by responsible capacity additions and government infrastructure demand.
→Consolidated cash position is strong (~INR8,800 crores), supporting growth capex.
→Overall, faster growth than industry with margin improvements anticipated over next 3-5 years.

3 more insights locked — sign up free to unlock

Fundraise plans

- No explicit mention of new fundraising through debt or equity in the provided pages. - The company highlights a strong balance sheet with net worth increasing from INR51,000 crores to almost INR63,000 crores and zero debt. - Emphasis on cash flow plans supporting capex initiatives, including INR1,000 crores investment for cost-saving initiatives. - Orient acquisition expected to involve cash outflows around INR4,000 crores in Q4, with open offer payments to follow next year—funded from existing cash and cash equivalents (INR8,800 crores). - No indication of plans for raising fresh debt or equity during the discussed period; focus is on leveraging cash reserves and internal accruals for investments. Summary: The company plans to fund capex and acquisitions primarily through internal cash and has no announced plans for new debt or equity fundraising at this time.

Order book

The provided transcript from the Ambuja Cements, ACC Ltd., and Sanghi Industries Ltd. Q3 FY '25 Earnings Call does not contain specific information on current or expected orderbook or pending orders. The discussion primarily focuses on: - Capacity expansion plans up to 140 million tons by FY '28. - Project progress on clinker and grinding units. - Cost optimization, energy and fuel strategies. - Volume growth and pricing outlook. - Capex guidance and expected cash flows. No explicit mention of orderbook status or pending orders was found within the discussed pages. If you need information on orderbook or pending orders, it may not be included in this particular transcript.

Capex plans

Yes

→FY '25 capex target is around INR7,000 to INR8,000 crores, with INR6,200 crores spent in first 9 months.
→Active projects include 10-12 new grinding units under construction.
→Waste Heat Recovery Systems (WHRS) investments ongoing; completion expected within 12-24 months.
→1,000 MW renewable energy plan approved; 200 MW solar commissioned at Khavda, full plan to complete by June '26.
→Coal captive mine acquisitions in progress to reduce fuel costs further; significant impact expected around 2026-27.
→Digitalization investments underway (Cement Network Operating Centre) to improve operational efficiency.
→Investments in rail infrastructure to improve logistics, achieving 2-4 new rakes per quarter.
→Mergers of acquired entities (Penna, Sanghi, Adani Cementation) in regulatory approval, expected in next financial year, to streamline operations.

How does ACC Ltd rank vs peers in Cement & Cement Products?

Pro feature

1ACC Ltd

Rev 3Mar 1

See full Cement & Cement Products sector rankings

Want more stocks like ACC Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio