Buy ACC, target price Rs 2,250: JM Financial

JM Financial has a buy call on ACC with a target price of Rs 2250. The current market price of ACC is Rs 1832.95 . ACC., incorporated in 1936, is a Large Cap company with a market cap of Rs 34335.96 crore, operating in the Cement sector.

ACC’s key products/revenue segments include Cement, Ready Mix Concrete, Other Operating Revenue, Scrap for the year ending 31-Dec-2021.

Financials
For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 6575.62 crore, up 37.79% from last quarter Total Income of Rs 4772.11 crore and up 31.50% from last year same quarter Total Income of Rs 5000.51 crore. The company has reported net profit after tax of Rs 1091.47 crore in the latest quarter.

The company’s top management includes Mr.Karan Adani, Mr.Ajay Kapur, Mr.Vinay Prakash, Mr.Sandeep Singhi, Mr.Arun Kumar Anand, Mr.Nitin Shukla, Mr.Rajeev Agarwal, Ms.Ameera Shah. The company has S R B C & Co. LLP as its auditors. As on 31-12-2024, the company has a total of 19 crore shares outstanding.

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Promoter/FII Holdings
Promoters held 56.69 per cent stake in the company as of 31-Dec-2024, while FIIs owned 5.14 per cent, DIIs 24.56 per cent.

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