Mehabe score: 2 G Factor: 5 Piotski Score: 8 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 5 and Piotski score of 8.
Description
ACC Limited (incorporated in 1936), a member of the LafargeHolcim 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] Site:ACC Main Symbol:ACC
Stock trades at 2056.0, below its 50dma 2143.54 and below its 200dma 2155.83. The stock remains bearish on technicals
The 52 week high is at 2589.00 and the 52week low is at 1782.25
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– has been maintaining a healthy dividend payout of 32.01%
Weakness
– The company has delivered a poor sales growth of 8.01% over past five years.
– has a low return on equity of 13.10% for last 3 years.
Competition
– The industry trades at a mean P/E of 19.7x. Nuvoco Vistas trades at the industry’s max P/E of 321.79x. ACC trades at a P/E of 22.2x
– Industry’s mean G-Factor is 2.7 while the mean Piotski score is 9.0. ACC has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 3.6%. The max 1- month return was given by Ambuja Cements: a return of 15.69 %
Quarterly Results
Sales for period ended Mar 2022 is Rs 4427.0 cr compared to Rs 4292.0 cr for period ended Mar 2021, a rise of 3.1% .
vis-vis 860.0 for period ended Mar 2021 .
Operating Margins contracted -569.3 bps for period ended Mar 2022 vis-vis Mar 2021.
Company reported operating profit of Rs 635.0 cr for period ended Mar 2022 and operating profit margin at 14.3 % for same period.
The EPS for quarter ended Mar 2022 is Rs 21.1 compared to Rs 14.95 for previous quarter ended Dec 2021 and Rs 29.96 for Mar 2021.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 16286.0 cr for period ended TTM vis-vis sales of Rs 16152.0 cr for the period ended Dec 2021, a growth of 0.8%. The 3 year sales cagr stood at 1.3%.
Operating margins shrank to 17.0% for period ended TTM vis-vis 19.0% for period ended Dec 2021, contraction of 200.0 bps.
Net Profit reported at Rs 1697.0 cr for period ended TTM vis-vis sales of Rs 1863.0 cr for the period ended Dec 2021, falling 9.8%.
Company recorded a Net Profit CAGR of 7.2% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 2835.0 cr for period ended Dec 2021 vis-vis Rs 2219.0 cr for period ended Dec 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 14.0% compared to 13.0% over the last 3 Years. – The stock has given a return of 10% on a 1 Year basis vis-vis a return of 7% over the last 3 Years. – The compounded sales growth on a TTM bassis is 12% vis-vis a compounded sales growth of 3% over the last 3 Years. – The compounded profit growth on a TTM basis is -3% vis-vis a compounded profit growth of 8% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2022 fii holding stood at 12.85% vis-vis 13.86% for Dec 2021 – Public shareholding has remained largely constant. The Mar 2022 public holding stood at 12.58% vis-vis 12.3% for Dec 2021
Conclusion
– is almost debt free.
– has been maintaining a healthy dividend payout of 32.01% – The company has delivered a poor sales growth of 8.01% over past five years.
– has a low return on equity of 13.10% for last 3 years.
