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ACC: Why we repose faith in the long-term thesis

Its market leadership position, operating efficiencies and a robust balance sheet should help ACC withstand demand fluctuations until market conditions stabilise

April 27, 2021 / 10:24 AM IST
ACC: Why we repose faith in the long-term thesis

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Cement manufacturer ACC reported a very good Q1 CY21 on the back of a continued strength in housing and infrastructure segments. While the company continues to perform well across its major business segments, the strong financial positioning should help it to withstand the possible damage being caused by the second wave of the pandemic. Quarter result highlights ACC’s revenue growth of 23 per cent year-on-year (YoY) was driven by strong consumer demand in southern and eastern markets. Volumes came in...

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