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Indian cement manufacturer, part of the Adani Group after Adani bought it (with Ambuja Cements) from Holcim in 2022.
Indian cement manufacturer, part of the Adani Group after Adani bought it (with Ambuja Cements) from Holcim in 2022.
Sells cement mostly through dealers to individual home builders, with the rest to contractors. As a subsidiary of Ambuja Cements, which Adani controls, it shares plants, logistics and power purchasing with that group to cut costs. Cement prices vary by region and fuel is a big cost.
Moat: narrow (brand, scale). Long-established ACC brand and Adani Group's combined cement scale, but faces intense competition from UltraTech and others.
Headquarters: Mumbai, India · Founded: 1936 · Employees: 2,836
Size ACC (ACC.NS) is an India Industrials company (Construction Materials) with a market value of $2.46B, the 326th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,236 on 6 Nov 2026.
Performance Over six months the shares fell 12.6%, against -15.0% for the median peer and 0.0% for the India market (cap-weighted) — 5th highest of 11 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +9.6%); the operating margin is 3.6% (peer median 8.9%).
Valuation It trades at 22.9× forward earnings against a peer median of 28.4× (5th cheapest of 11).
Capital Return on invested capital runs 12.1 points below its cost of capital (15.3% WACC).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹250B | ₹258B | ₹209B | ₹196B | ₹176B |
| Revenue growth | — | +23% | +7% | +12% | — |
| Gross profit | ₹83.0B | ₹73.2B | ₹58.5B | ₹61.2B | ₹53.9B |
| EBITDA | ₹20.3B | ₹28.2B | ₹21.3B | ₹28.2B | ₹14.1B |
| Net income | ₹8.82B | ₹21.4B | ₹24.0B | ₹23.3B | ₹7.08B |
| Free cash flow | n/a | -₹27.7B | ₹140M | ₹19.8B | -₹31.8B |
| Capital expenditure | n/a | ₹14.3B | ₹19.7B | ₹13.9B | ₹21.0B |
| Total debt | ₹5.13B | ₹4.29B | ₹4.30B | ₹3.55B | ₹1.53B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ACC ACC.NS | $2.46B | -13% | +8% | 4% | 22.9× | n/a |
| UltraTech Cement ULTRACEMCO.NS | $38.8B | +2% | +18% | 14% | 38.0× | 35.8% |
| Ambuja Cements AMBUJACEM.NS | $10.3B | -13% | +6% | 4% | 44.1× | n/a |
| Shree Cement SHREECEM.NS | $9.63B | -2% | +14% | 8% | 51.4× | 38.8% |
| Dalmia Bharat DALBHARAT.NS | $2.92B | -26% | +6% | 9% | 31.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ACC.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.1% | +2.6% | 4th highest of 11 |
| 6-month return | -12.6% | -15.0% | 5th highest of 11 |
| Distance from 52-week high | -37.8% | -30.4% | 2nd lowest of 11 |
| Revenue growth (TTM) | +8.0% | +9.6% | 5th lowest of 11 |
| Operating margin | 3.6% | 8.9% | lowest of 11 |
| Forward P/E | 22.9× | 28.4× | 5th cheapest of 11 |
| ROIC minus cost of capital | -12.1 pp | -6.0 pp | 2nd lowest of 11 |
| EV / EBITDA | 11.5× | 16.0× | 4th cheapest of 11 |
| Net debt / EBITDA | 0.1× | 2.5× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ACC ACC.NS | India | $2.46B | -13% | +8% | 4% | 22.9× | n/a | n/a |
| Dalmia Bharat DALBHARAT.NS | India | $2.92B | -26% | +6% | 9% | 31.2× | n/a | n/a |
| Ramco Cements RAMCOCEM.NS | India | $2.05B | -15% | +9% | 6% | 70.1× | 31.6% | +11.2% |
| JSW Cement JSWCEMENT.NS | India | $1.78B | -1% | +13% | 12% | 32.2× | n/a | n/a |
| J.K. Cement JKCEMENT.NS | India | $4.28B | -7% | +17% | 11% | 37.7× | n/a | n/a |
| Nuvoco Vistas NUVOCO.NS | India | $1.29B | +2% | +11% | 8% | 20.8× | 17.8% | +8.9% |
| India Cements INDIACEM.NS | India | $1.14B | -15% | +5% | 5% | 25.6× | n/a | n/a |
| Vesuvius India VESUVIUS.NS | India | $782M | -31% | +4% | 13% | 22.1× | 30.4% | +21.6% |
| Star Cement STARCEMENT.NS | India | $739M | -28% | +15% | 14% | 19.2× | 4.9% | +16.8% |
| Birla BIRLACORPN.NS | India | $673M | -16% | +4% | 9% | 13.8× | 5.7% | +7.6% |
| Shree Cement SHREECEM.NS | India | $9.63B | -2% | +14% | 8% | 51.4× | 38.8% | +9.4% |