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ACC - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 03 Feb 26, 06:04 pm

Fundamental Rating: 3.4

Stock Code ACC Market Cap 31,365 Cr. Current Price 1,670 ₹ High / Low 2,123 ₹
Stock P/E 12.4 Book Value 1,046 ₹ Dividend Yield 0.45 % ROCE 17.6 %
ROE 13.4 % Face Value 10.0 ₹ DMA 50 1,740 ₹ DMA 200 1,854 ₹
Chg in FII Hold 0.95 % Chg in DII Hold -1.18 % PAT Qtr 404 Cr. PAT Prev Qtr 1,112 Cr.
RSI 42.6 MACD -30.0 Volume 2,50,911 Avg Vol 1Wk 2,49,285
Low price 1,593 ₹ High price 2,123 ₹ PEG Ratio 1.82 Debt to equity 0.02
52w Index 14.5 % Qtr Profit Var -62.9 % EPS 148 ₹ Industry PE 30.6

📊 Core Financials

  • Revenue & Profitability: PAT fell sharply from 1,112 Cr. to 404 Cr. (–62.9% variance), showing earnings volatility.
  • Margins: ROE at 13.4% and ROCE at 17.6% are moderate, below industry leaders.
  • Debt: Debt-to-equity ratio of 0.02 indicates negligible leverage, a strong balance sheet.
  • Cash Flow: Profitability supports cash generation, but recent decline raises concerns.

💹 Valuation Indicators

  • P/E Ratio: 12.4 vs. industry average of 30.6 — undervalued compared to peers.
  • P/B Ratio: Current price (₹1,670) vs. book value (₹1,046) → ~1.6x, reasonable valuation.
  • PEG Ratio: 1.82, suggesting growth is priced fairly.
  • Intrinsic Value: Current valuation appears attractive given industry multiples.

🏢 Business Model & Competitive Advantage

  • ACC is a leading cement manufacturer with strong brand recognition and distribution network.
  • Competitive advantage lies in scale, established market presence, and operational efficiency.

📈 Technicals & Entry Zone

  • DMA 50 (₹1,740) and DMA 200 (₹1,854) are above current price, indicating weakness.
  • RSI at 42.6 suggests neutral-to-oversold momentum; MACD negative indicates bearish trend.
  • Entry Zone: Attractive near ₹1,600–1,650 for long-term investors.
  • Long-Term Holding: Suitable for patient investors; recovery depends on earnings stabilization.


✅ Positive

  • Low debt-to-equity ratio (0.02).
  • Undervalued compared to industry P/E (12.4 vs. 30.6).
  • Strong brand and established market presence in cement industry.

⚠️ Limitation

  • Quarterly profit decline (–62.9%) raises concerns.
  • ROE and ROCE are moderate compared to peers.
  • Dividend yield of 0.45% is low despite profitability.

📉 Company Negative News

  • DII holdings decreased (–1.18%), showing reduced domestic institutional confidence.
  • Weak technical indicators (MACD –30, RSI 42.6) suggest bearish sentiment.

📈 Company Positive News

  • FII holdings increased (+0.95%), showing foreign investor confidence.
  • Stock trading near 52-week low (₹1,593), offering potential value entry.

🏭 Industry

  • Cement industry benefits from infrastructure growth and housing demand in India.
  • Industry average P/E (30.6) highlights ACC’s undervaluation.

🔎 Conclusion

  • ACC is financially stable with low debt and undervaluation compared to peers.
  • Profit decline is a concern, but long-term industry demand supports recovery potential.
  • Recommendation: Accumulate near ₹1,600–1,650 for long-term holding. Suitable for investors seeking value in the cement sector.

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