Equity / Stocks - ACC - Decent Bet in MARKETS - CMP: 1290
ACC Limited manufactures a range of cements and blended cements. The Company also manufactures gypsum and refractory products ...
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02-28-2012 03:55 PM
ACC - Decent Bet
CMP: 1290
ACC Limited manufactures a range of cements and blended cements. The Company also manufactures gypsum and refractory products such as Brown Tabular Alumina. The Company provides turnkey and application consulting services for setting up and operating cement plants and refractories. The Company owns cement plants throughout India.
ACC is a decent bet and second best to none other than Ultratech Cement. Its currently trading at a P/E of 18 with dividend yields of well over 2% in the last 12 months. It runs at a debt of 524 Crores with 2400 Crores cash in hand. Revenues have steadily risen from 5717 Crores to 7976 Crores in the last 5 years. Profits have fluctuated and stayed above 1200 Crores in the last 5 years. NPM has dipped from 21% to 14% on rising competition. 2012 has so far been good with profits peaking. Buy and book profits when Nifty peaks.
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