Improving margins to narrow valuation gap
ACC’s Q3CY21 EBITDA at Rs7.1bn (up 6% YoY) was broadly in line with consensus estimates. Total cost/te increased 4.6% QoQ (6.8% YoY) primarily led...
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ACC: Healthy Operational Performance
ACC has a strong balance-sheet with debt free status. However, it remains a laggard in terms of efficiency and operating margins vs. peer...
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ACC: Delivers An Excellent All-Round Performance
We value ACC at 11x its CY22E EV/EBITDA to arrive at TP of Rs 2,490/share, implying an upside of 16% from the CMP. ACC reported a robust...
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Expansion provides growth visibility
ACC's 2QCY21 result surprised positively on strong cost control. Moreover, coupled with a better pricing environment, this led to EBITDA/t of...
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ACC (Results Review 2QCY21): Unitary EBITDA at 12-year high on cost controls. Maintain BUY
Expansion update and outlook: ACC expects to commission 2.7/1.0mn MT clinker/cement capacity by Q2CY22 and the remaining 2.6mn MT SGUs in UP by the...
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