ACC Limited, one of India’s most iconic cement companies and now part of the Adani Group, has witnessed strong financial performance, strategic expansion, and resilient growth in FY 2024-25. In this article, we will analyze whether ACC stock can deliver long-term wealth, backed by verified data and expert forecasting.
What We Will Cover in This Article:
- ACC Company Overview
- Historical Performance Analysis
- Latest Financial Highlights (FY 2025)
- Shareholding Trends & Institutional Moves
- Growth Potential & Capacity Expansion
- ACC Share Price Forecast (2025 to 2035)
- Is ACC a Good Long-Term Investment?
ACC Company Overview
ACC Limited is a pioneer in India’s cement and ready-mix concrete sector with a legacy spanning over 88 years. As a part of the Adani Group, ACC benefits from integrated logistics, digital capabilities, and capital strength. The company operates 19 manufacturing units and over 100 RMC plants across the country.
In FY 2024-25, ACC achieved a cement production volume of 39 million tonnes and revenue of ₹21,762 crore. With ESG targets validated by SBTi and a net-zero commitment by 2050, ACC is also India’s first large-scale cement company to commit to science-based targets. The company’s wide product portfolio includes green concrete, RMX solutions, and water-resistant cement, which cater to both infrastructure and residential segments.
Historical Financial Performance
Over the past five years, ACC has demonstrated remarkable resilience and strategic agility. Key performance indicators are as follows:
- Revenue Growth: ₹13,786 Cr in FY 2020 to ₹21,762 Cr in FY 2025
- Profit After Tax (PAT): ₹2,402 Cr in FY 2025, the highest ever in its history
- Earnings Per Share (EPS): ₹128 in FY 2025, up from ₹47 in FY 2023
- EBITDA Margin: Maintained a steady 14%, reflecting operational efficiency
These figures suggest a strong comeback post-COVID and effective cost management under Adani Group’s leadership.
FY 2024-25 Financial Highlights
ACC’s latest financials reflect both volume growth and margin stability:
- Revenue from Operations: ₹21,762 Cr
- EBITDA: ₹3,061 Cr
- Profit Before Tax: ₹3,127 Cr
- Net Profit: ₹2,402 Cr
- EPS: ₹128 per share
- Return on Capital Employed (ROCE): 18%
- Return on Equity (ROE): 13%
- Total Assets: ₹25,413 Cr
These numbers reinforce the company’s robust financial position and operational leverage.
Shareholding Pattern as of March 2025
Understanding who owns ACC stock can offer insight into market sentiment:
- Promoters: 56.69% (Adani Group via Ambuja Cements)
- Foreign Institutional Investors (FIIs): 4.83% (a gradual decline)
- Domestic Institutional Investors (DIIs): 24.92% (significant increase)
- Public Shareholding: 13.41%
The increasing stake by DIIs indicates rising domestic confidence in ACC’s long-term potential, especially when global institutions are risk-averse.
Capacity Expansion & Growth Strategy
ACC has significantly ramped up its growth initiatives:
- Cement capacity surpassed 100 MTPA in April 2025
- Expansion goal set at 140 MTPA by FY 2028
- Investments in Waste Heat Recovery Systems (WHRS) and alternative fuels
- Innovation-led product line with RMX solutions, Dry Mix products, and ACC Gold Water Shield
Being a part of the Adani Group gives ACC substantial advantages in terms of logistics, procurement, and resource security. This synergy ensures cost efficiency and faster market reach.
ACC Share Price Target (2025 to 2035)
ACC’s stock price forecast is based on fundamentals, industry outlook, capital expenditure plans, and historical valuations. Below is a detailed forecast:
| Year | Minimum Target | Average Target | Maximum Target |
|---|---|---|---|
| ACC Share Price Target 2025 | ₹2,400 | ₹2,750 | ₹3,000 |
| ACC Share Price Target 2026 | ₹2,800 | ₹3,150 | ₹3,500 |
| ACC Share Price Target 2027 | ₹3,200 | ₹3,600 | ₹4,200 |
| ACC Share Price Target 2028 | ₹3,800 | ₹4,400 | ₹5,200 |
| ACC Share Price Target 2029 | ₹4,300 | ₹4,900 | ₹5,700 |
| ACC Share Price Target2035 | ₹4,500 | ₹5,000 | ₹5,800 |
| ACC Share Price Target 2035 | ₹6,800 | ₹7,500 | ₹8,200 |
Is ACC a Good Long-Term Investment?
From a long-term perspective, ACC is fundamentally strong and well-diversified. Its robust balance sheet, consistent earnings, and expansion in both capacity and green products signal sustainable growth. With government-led infrastructure initiatives and real estate boom, demand for cement is likely to surge in the coming decade.
However, investors should consider the cyclical nature of the cement industry, fluctuations in raw material prices, and geopolitical factors impacting coal supply.
In summary, ACC offers a well-rounded mix of growth and value and can be a good long-term bet for investors who prefer stability with moderate risk.
Frequently Asked Questions (FAQs)
Yes. ACC is financially sound and well-positioned to benefit from India’s infrastructure push. It offers a solid outlook over the next 3–5 years.
ACC is owned primarily by Ambuja Cements, which in turn is part of the Adani Group.
The cement sector is expected to grow at 7-8% CAGR, driven by government infrastructure spending, housing demand, and rapid urbanization.
ACC has paid dividends consistently, with payout ratios ranging from 6% to 59% based on earnings and cash flow conditions.
As of FY25, ACC is fairly valued based on its EPS of ₹128 and a P/E multiple in line with industry peers.
Disclaimer: This article is for educational and informational purposes only. It should not be construed as investment advice. Please consult your financial advisor before making any investment decisions.
Hi, I’m Ashish, the author here. With a solid background in data analytics and statistics, I bring you straightforward insights into the stock market. I research stocks inside out, blending fundamental and technical analyses. My goal is to provide you with clear, actionable content that simplifies the complexities of investing. Join me on this journey for straightforward advice and a data-driven approach to making informed decisions in the stock market.
