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ACC Limited (ACC) Fair Value & Analysis

Basic Materials · IN · Market cap ₹251B

AL ACC Limited ACC · NSE
Price₹1,358
Fair Value₹1,074
Upside-20.9%
Quality52/100
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Expensive Growth
Thin margins · 8.3% net margin
Low debt · negative free cash flow
0.56% dividend yield
Mixed vs. peers (7/14)
Narrow moat 39/100
Evidence: High Range ₹939.58 – ₹1,644 Share as image

Fair value as of: Aug 2, 2026

From 17 valuation models · updated 8 days ago

Fair value updated Aug 2, 2026, revised from ₹1,228 to ₹1,074 (−12.5%) since Jun 29, 2026. Share price −1.9% over the past month.

A solid business, but screening 21% overvalued on our models.

What matters now

  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ₹939.58 (bear) to ₹1,644 (bull), base ₹1,074. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 52/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹2,745 ₹1,247 Fair Value ₹1,074 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹1,247 – ₹2,745 · fair‑value band ₹939.58 – ₹1,644 · the ₹1,358 price screens above the ₹1,074 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

ACC Limited (ACC) currently trades at ₹1,358, while our model-based Fair Value estimate is ₹1,074, implying the stock looks roughly 20.9% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, ACC Limited generated revenue of ₹258B at a net margin of 8.3%. Revenue grew 32.3% year over year. It earns a return on equity of 10.9%. The balance sheet holds a net cash position of ₹1.3B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹939.58 (bear case) to ₹1,644 (bull case); at ₹1,358, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -21%, ACC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹984.27 ₹1,127 ₹2,292 76
ROIC Compounder ₹850.96 ₹995.89 ₹1,170 72
Gordon GGM ₹72.37 ₹158.00 ₹265.85 70
All 17 models by family
DCF Models
Owner Earnings ₹1,280 ₹2,196 ₹3,770 31
Earnings-Based
Graham-Dodd ₹773.86 ₹3,047 ₹4,137 54
Lynch FV ₹752.01 ₹1,074 ₹1,397 50
PEG = 1.0 ₹752.01 ₹1,074 ₹1,397 46
EPV ₹850.96 ₹995.89 ₹1,125 59
Dividend Discount
Gordon GGM ₹72.37 ₹158.00 ₹265.85 70
DDM Multi-Stage ₹72.37 ₹129.43 ₹164.66 61
Multiples
P/E Multiple ₹1,451 ₹1,935 ₹2,418 63
P/S Multiple ₹1,451 ₹1,935 ₹2,418 58
P/B Multiple ₹1,451 ₹1,935 ₹2,418 55
EV/EBIT ₹987.84 ₹1,307 ₹1,627 53
EV/EBITDA ₹1,161 ₹1,538 ₹1,915 54
EV/Revenue ₹860.09 ₹1,216 ₹1,572 43
Asset-Based
NCAV (Graham) ₹547.18 ₹733.22 ₹1,094 50
Economic Profit
Residual Income ₹984.27 ₹1,127 ₹2,292 76
ROIC Compounder ₹850.96 ₹995.89 ₹1,170 72
Growth Earnings
Growth-Adj P/E ₹1,185 ₹1,693 ₹2,201 68

Widest divergence: DCF Models (₹2,196) versus Dividend Discount (₹129.43). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹258B
Revenue growth (YoY) +32.3%
Net margin 8.3%
Return on equity 10.9%
Free cash flow −₹27.7B FY2025
P/E ratio 11.8
More key figures
Operating margin 5.0%
EPS (TTM) ₹113.45
Dividend yield 0.6%
EPS growth (YoY) -68.3%
Net cash ₹1.3B FY2025

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 52 · Market factors (momentum, volatility) 41

Profitability 54
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

ACC Limited engages in the manufacture and sale of cement and ready-mix concrete in India. It operates in Cement and Ready Mix Concrete segments. The company provides gold and silver range of cement; ready mixed concrete value-added products; and bulk cement.

Full company description

ACC Limited engages in the manufacture and sale of cement and ready-mix concrete in India. It operates in Cement and Ready Mix Concrete segments. The company provides gold and silver range of cement; ready mixed concrete value-added products; and bulk cement. It also offers construction chemicals, such as ACC LeakBlock, an integral waterproofing compound used in concrete and plaster while constructing houses; ACC LeakBlock WaterProof Plaster - LB 101, a ready-to-use cementitious waterproof mortar for internal and external plaster applications; and tile adhesives under the ACC Xtra Strong brand used for wet-on-wet fixing of medium sized tiles for internal walls and floors, and external floor applications, as well as an adhesive paste for fixing tiles on floor and wall. In addition, the company provides ready-to-use and waterproof plasters, thin bed joining mortars, grey cement-based tile adhesives, and shrinkage compensated and flowable precision cementitious grout under ACC Suraksha brand; and EcoMaxx, a green concrete with lower embodied carbon footprint for various structural components, such as foundations, columns, beams, external or internal walls, driveways, walkways, etc. It distributes its products through a network of dealers, retailers, individual home builder, contractors, big housing contractors, infrastructure companies, and government department. The company was formerly known as The Associated Cement Companies Limited and changed its name to ACC Limited in September 2006. ACC Limited was incorporated in 1936 and is headquartered in Ahmedabad, India. ACC Limited operates as a subsidiary of Ambuja Cements Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ACC Limited reported revenue of ₹258B in FY2025 versus ₹158B in FY2021, a compound +13.0%/yr. Reported net income was ₹21.4B in FY2025, compounding +3.5%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹258B
Latest YoY
+24.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.8%
Avg. growth/yr (24Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.9%
Revenue +13.0%/yr
FY21 ₹158B
FY22 ₹174B
FY23 ₹196B
FY24 ₹207B
FY25 ₹258B
Net income +3.5%/yr
FY21 ₹18.6B
FY22 ₹6.5B
FY23 ₹23.3B
FY24 ₹24.0B
FY25 ₹21.4B
Character of growth · EPS growth decomposed (2014-2025) +12.4 % p.a.
Revenue per share +7.8 pp

of which total revenue +7.8 pp · buybacks/dilution +0.0 pp

EBIT margin −12.2 pp
Tax rate −0.1 pp
Residual (interest, one-offs) +16.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

ACC screens 21% overvalued. Compare with CRH plc →

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Cite: Fair Value Calculator (2026). "ACC Limited Fair Value". https://www.fairvalue-calculator.com/stock/ACC

Peer Group

Building Materials · 253 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 52 · Above median
Fair Value upside −21% · Below median
Return on equity (TTM) 11% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 32% · Top 25%
Dividend yield (TTM) 0.6% · Below median

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 11.8× · Cheaper than median
P/B 1.22× · Pricier than median
P/S (TTM) 0.97× · Pricier than median
EV/EBITDA 9.0× · Pricier than median
PEG 2.33× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 5 · sector 27
FUTURE 100 · sector 2
PAST 44 · sector 15
HEALTH 100 · sector 92
DIVIDEND 11 · sector 42

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is ACC Limited (ACC) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹1,074 versus a price of ₹1,358, about −21% (overvalued).
What is the fair value of ACC?
Our model-based fair value for ACC Limited is ₹1,074 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹1,358.
What is the quality score of ACC?
ACC Limited has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of ACC Limited (ACC)?
ACC Limited reported trailing-twelve-month revenue of about ₹258B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of ACC?
The net profit margin of ACC Limited is about 8.3%, meaning it keeps roughly 8.3% of revenue as net income. Based on the latest reported figures.
Does ACC Limited pay a dividend?
ACC Limited currently shows a dividend yield of about 0.56% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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