Acc Limited (ACC) · mywealthgrid

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About

ACC Limited is a major cement producer in India's Materials sector with a market capitalization of ₹24,815 Cr. Operating at an average margin of 11.36% and zero debt, the company operates at established scale and has consistently paid dividends since 2022.

Face value: ₹10

Market cap

₹22,213 Cr

P/E

11.6×

P/B

1.1×

Dividend yield

1.3%

ROE

10.9%

ROCE

10.8%

Debt / equity

OPM

11.4%

EPS (TTM)

₹101.5

Book value

₹1,093.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin contracted sharply from 14.26% in Sep 2025 to 7.53% in Jun 2026—a 670bp decline indicating significant cost pressures or pricing weakness
Earnings per share highly volatile (₹7.88 to ₹59.6 in recent quarters) raises questions about profit sustainability and earnings quality
Stock fell 27.31% over one year despite a PE ratio of only 13, reflecting market skepticism about near-term fundamentals
Verify: current cement demand in construction and infrastructure, competitive pricing environment, and input cost trends

Generated analysis · source review pending

Growth drivers

Zero debt (D/E 0) provides capital allocation flexibility without leverage constraints
Consistent dividend payments (2022–2026) indicate cash generation capacity through the recent period
Quarterly revenue of ₹5,766–₹7,146 Cr demonstrates operating scale and market access
Verify: new capacity plans, demand recovery timing, and cost management or pricing power in current environment

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹1,182.8-1.6%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 19.9×

Cons

−Modest revenue growth of 10% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

58/100

Business quality: 53
Growth: 31
Valuation: 91

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Ambuja Cements LimitedAMBUJACEMAMBUJACEM	₹90,012 Cr	₹90,065 Cr	₹39,867 Cr	₹6,167 Cr	16.1%	₹4,377 Cr	13.9%	5.3%	8.4%	37
Shree Cement LimitedSHREECEMSHREECEM	₹79,059 Cr	₹80,653 Cr	₹21,896 Cr	₹4,577 Cr	22.1%	₹1,630 Cr	8.4%	10.6%	7.8%	227
Jk Cement LimitedJKCEMENTJKCEMENT	₹38,279 Cr	₹44,353 Cr	₹14,401 Cr	₹2,334 Cr	17.3%	₹946 Cr	7.2%	14.3%	15.1%	71
Dalmia Bharat LimitedDALBHARATDALBHARAT	₹31,556 Cr	₹38,308 Cr	₹15,058 Cr	₹3,005 Cr	20.8%	₹409 Cr	7.8%	7.4%	6.4%	5
Acc LimitedACCACC	₹22,213 Cr	₹22,213 Cr	₹25,369 Cr	₹2,629 Cr	11.4%	₹1,909 Cr	8.2%	10.8%	10.9%	32
The Ramco Cements LimitedRAMCOCEMRAMCOCEM	₹19,633 Cr	₹23,485 Cr	₹9,228 Cr	₹1,345 Cr	15.9%	₹645 Cr	7.7%	6.1%	9%	-0
Jsw Cement LimitedJSWCEMENTJSWCEMENT	₹15,216 Cr	₹19,297 Cr	₹6,849 Cr	₹1,216 Cr	19%	₹760 Cr	-12.3%	10.1%	-11.5%	-140
Nuvoco Vistas Corporation LimitedNUVOCONUVOCO	₹11,505 Cr	₹16,046 Cr	₹11,594 Cr	₹1,907 Cr	16.4%	₹386 Cr	3.2%	7.1%	3.7%	-130
The India Cements LimitedINDIACEMINDIACEM	₹9,147 Cr	₹10,452 Cr	₹4,479 Cr	₹469 Cr	8.8%	₹92 Cr	-1.5%	1.5%	-0.7%	-28
Star Cement LimitedSTARCEMENTSTARCEMENT	₹7,211 Cr	₹7,797 Cr	₹3,807 Cr	₹902 Cr	24.8%	₹370 Cr	10.3%	17%	13%	177
Birla Corporation LimitedBIRLACORPNBIRLACORPN	₹6,383 Cr	₹9,658 Cr	₹9,848 Cr	₹1,450 Cr	15.1%	₹554 Cr	5.8%	8.8%	7.8%	63
Jk Lakshmi Cement LimitedJKLAKSHMIJKLAKSHMI	₹5,915 Cr	₹8,406 Cr	₹6,926 Cr	₹958 Cr	15%	₹370 Cr	6.1%	12.1%	11.2%	57

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Dec 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12,523	14,201	15,096	15,240	14,576	16,152	16,286	22,210	19,959	21,762	25,962
COGS	1,607	1,966	—	—	2,783	2,867	1,033	5,454	5,812	8,246	11,219
Gross profit	10,917	12,235	—	—	11,793	13,285	15,253	16,756	14,147	13,516	14,743
	9,438	10,322	12,998	12,760	9,153	10,287	12,481	14,815	11,073	10,452	11,786
	1,478	1,912	2,099	2,481	2,640	2,998	2,773	1,941	3,075	3,064	2,957
OPM %	11.8%	13.5%	13.9%	16.3%	18.1%	18.6%	17%	8.7%	15.4%	14.1%	11.4%
Depreciation	609	644	603	617	624	601	611	841	883	1,001	1,118
Interest	79	99	90	76	58	55	54	77	155	108	112
	161	166	252	218	29	152	166	180	722	1,172	430
Profit before tax	885	1,310	1,657	2,006	1,987	2,506	2,283	1,203	2,759	3,127	2,157
Tax	227	386	41	651	317	643	588	317	423	725	19
Tax %	25.6%	29.4%	2.5%	32.5%	16%	25.7%	25.7%	26.4%	15.3%	23.2%	0.9%
	658	925	1,616	1,355	1,670	1,863	1,697	885	2,337	2,402	2,137
PAT margin %	5.3%	6.5%	10.7%	8.9%	11.5%	11.5%	10.4%	4%	11.7%	11%	8.2%
EPS (₹)	35.1	49.2	86.1	72.1	88.9	99.2	90.3	47.1	124.4	127.9	113.8
EPS adjusted (₹)	35	49.2	86	72.1	—	99.1	90.3	47.1	124.3	127.8	113.7
	48.5%	22.3%	0%	19.4%	15.7%	58.5%	64.2%	19.6%	6%	5.9%	6.6%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Dec 2021	—	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Dec 2020	Dec 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	188	188	188	188	188	188	188	188	188	188	188	188
Reserves	8,367	8,625	10,344	11,356	12,511	—	14,121	14,121	13,950	16,142	18,367	20,363
Minority interest	3	3	3	3	3	—	3	3	3	4	4	4
	—	—	—	—	—	—	0	—	0	0	0	0
	4,253	4,578	5,521	5,589	5,498	—	6,727	6,727	6,402	7,052	6,854	6,971
Total equity & liabilities	12,811	13,394	16,056	17,136	18,200	—	21,039	21,039	20,544	23,386	25,413	27,525
	5,350	7,552	7,073	7,011	6,554	6,684	6,750	—	7,512	10,025	10,829	10,864
CWIP	2,379	261	398	446	548	—	1,216	1,216	1,684	986	2,061	2,227
Investments	103	128	104	116	129	—	150	150	163	811	1,509	446
	4,978	5,453	8,481	9,563	10,968	—	12,923	19,673	11,185	11,564	11,013	13,987
Total assets	12,811	13,394	16,056	17,136	18,200	—	21,039	21,039	20,544	23,386	25,413	27,525

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Cement and ancilliary services *	24,233.43	1,731.62	25,183.12	5,093.69	20,089.43	8.62
Ready Mix Concrete	1,935.9	147.03

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Dec 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	80.9%	82.3%	93.7%	75.4%	70.9%	62.1%	56.8%
EBITDA margin %	16.2%	18%	18.6%	17%	8.7%	15.3%	14.1%	11.4%
EBIT margin %	12.1%	13.8%	14.8%	13.3%	4.9%	10.9%	9.5%	7.1%
PAT margin %	8.9%	11.5%	11.5%	10.4%	4%	11.7%	11%	8.2%
Working capital
Receivable days	11	—	10	10	14	15	20	54
Inventory days	26	—	162	450	109	117	85	58
Payable days	41	—	243	9	100	121	73	80
NWC days	-4	—	-70	451	23	12	32	32
Leverage
Current ratio	1.76	—	1.73	1.73	1.64	1.75	1.61	1.97
Debt to EBITDA	—	—	0	—	0	0	0	0
Debt to equity	—	—	0	—	0	0	0	0
Interest coverage	27.2	38.3	47.7	44.1	18.4	17.3	28.9	19.9
Asset turnover	0.84	—	0.77	0.77	1.08	0.85	0.86	0.94
Return ratios
Return on assets %	7.4%	—	8.9%	8.1%	4.3%	10%	9.5%	7.8%
Return on capital employed %	16%	—	17.3%	15.8%	9.5%	16.6%	16.9%	10.8%
Return on equity %	10.7%	—	13%	11.9%	6.3%	14.3%	12.9%	10.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.69%	56.69%	56.69%	56.69%	56.69%	56.69%	56.69%	56.69%	56.69%	56.69%	56.69%	56.69%
	7.1%	6.24%	6.18%	5.65%	5.51%	5.14%	4.83%	4.66%	5.05%	5.99%	5.93%	5.83%
	22.79%	24.15%	24.64%	24.82%	24.43%	24.66%	24.92%	24.12%	22.55%	21.38%	21.61%	21.13%
	0%	0%	0%	0%	0%	0%	0%	0%	0.15%	0.15%	0.15%	0.15%
	13.42%	12.92%	12.49%	12.84%	13.37%	13.51%	13.56%	14.53%	15.56%	15.79%	15.62%	16.2%
No. of shareholders	—	—	—	—	—	—	—	—	2,29,364	2,37,736	2,35,988	2,38,540

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 10 fund houses

Held by these funds

4.5%

of the company's equity

All mutual funds

7.95%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

45 schemes · 10 fund houses

		Shares
Value Fund	ICICI Prudential Mutual Fund	19.35 L	247.01	0.41%	1.03%	-0
Contra Fund	SBI Mutual Fund	14.43 L	184.22	0.39%	0.768%	-0
Large and Midcap Fund	SBI Mutual Fund	13.58 L	173.4	0.41%	0.723%	-0
LARGE & MID CAP FUND	Tata Mutual Fund	11.2 L	142.97	1.86%	0.596%	-0
Large & Mid Cap Fund	ICICI Prudential Mutual Fund	7.53 L	96.15	0.29%	0.401%	-0
ELSS Tax Saver Fund	DSP Mutual Fund	4.74 L	60.48	0.36%	0.252%	-0
Infrastructure Fund	ICICI Prudential Mutual Fund	4.2 L	53.58	0.63%	0.224%	-0
Balanced Advantage Fund	SBI Mutual Fund	3.25 L	41.49	0.1%	0.173%	-0

1–8 of 45

1 / 6

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

114 announcementsExport CSV

30 Sept 2026, 7:36 pmCompany Update

Commissioning Of Project

General PDF

29 Sept 2026, 8:31 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Court Convened Meeting PDF

29 Sept 2026, 8:15 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting

Court Convened Meeting PDF

27 Sept 2026, 9:14 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

21 Sept 2026, 6:35 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

16 Sept 2026, 4:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

11 Sept 2026, 10:25 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

29 Aug 2026, 12:50 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

Date	Category	Subject	Filing
30 Sept 2026, 7:36 pm	Company Update General	Commissioning Of Project	PDF
29 Sept 2026, 8:31 pm	AGM/EGM Court Convened Meeting	Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

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Ratio	Mar 2020	Mar 2021	Dec 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	80.9%	82.3%	93.7%	75.4%	70.9%	62.1%	56.8%
EBITDA margin %	16.2%	18%	18.6%	17%	8.7%	15.3%	14.1%	11.4%
EBIT margin %	12.1%	13.8%	14.8%	13.3%	4.9%	10.9%	9.5%	7.1%
PAT margin %	8.9%	11.5%	11.5%	10.4%	4%	11.7%	11%	8.2%
Working capital
Receivable days	11	—	10	10	14	15	20	54
Inventory days	26	—	162	450	109	117	85	58
Payable days	41	—	243	9	100	121	73	80
NWC days	-4	—	-70	451	23	12	32	32
Leverage
Current ratio	1.76	—	1.73	1.73	1.64	1.75	1.61	1.97
Debt to EBITDA	—	—	0	—	0	0	0	0
Debt to equity	—	—	0	—	0	0	0	0
Interest coverage	27.2	38.3	47.7	44.1	18.4	17.3	28.9	19.9
Asset turnover	0.84	—	0.77	0.77	1.08	0.85	0.86	0.94
Return ratios
Return on assets %	7.4%	—	8.9%	8.1%	4.3%	10%	9.5%	7.8%
Return on capital employed %	16%	—	17.3%	15.8%	9.5%	16.6%	16.9%	10.8%
Return on equity %	10.7%	—	13%	11.9%	6.3%	14.3%	12.9%	10.4%

37 deals · 23 Sept 2021 – 24 Nov 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Nov 2025	ISHARES CORE MSCI EMERGING MARKETS ETF	Bulk	NSE	Buy	9,82,442	₹1,911.86	₹187.83 Cr
26 Apr 2024	SOCIETE GENERALE	Block	BSE	Buy	1,19,588	₹2,579.60	₹30.85 Cr
26 Apr 2024	MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND	Block	BSE	Sell	1,19,588	₹2,579.60	₹30.85 Cr
25 Jan 2024	SOCIETE GENERALE	Block	BSE	Buy	1,10,464	₹2,240.60	₹24.75 Cr
25 Jan 2024	BNP PARIBAS ARBITRAGE	Block	BSE	Sell	1,10,464	₹2,240.60	₹24.75 Cr
31 Aug 2023	BNP PARIBAS ARBITRAGE	Bulk	NSE	Buy	22,93,323	₹2,006.73	₹460.21 Cr
14 Nov 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	NSE	Buy	1,23,363	₹2,390.65	₹29.49 Cr
14 Nov 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	NSE	Sell	1,23,363	₹2,390.65	₹29.49 Cr
3 Nov 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	NSE	Buy	1,23,363	₹2,440.00	₹30.10 Cr
3 Nov 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	NSE	Sell	1,23,363	₹2,440.00	₹30.10 Cr

1–10 of 37

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Dec 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,391	1,554	1,118	2,255	2,219	2,835	-1,235	2,995	1,711	-1,358
	-535	-380	-364	-322	-535	-988	-4,637	-1,245	-1,277	1,267
	-430	-426	-380	-374	-327	-331	-1,238	-443	-1,002	-422
Net cash flow	—	749	373	1,559	1,357	1,517	-7,110	1,307	-568	-513
Free cash flow	—	—	—	—	—	1,660	-3,340	1,600	-257	-2,791
CFO / Operating profit %	94.1%	81.3%	—	108%	89.9%	94.6%	-64.2%	97.8%	55.9%	-46%

Acc Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

32

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Cement · revenue

Acc Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Announcements

Quarterly record

Annual reports

Investor Presentation and earnings call

Dividends32

Board meetings1

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Cement · revenue

32

1