The counter opened at Rs 2309.0 and touched an intraday high and low of Rs 2313.85 and Rs 2274.85, respectively, in the session so far. The stock of ACC Ltd. quoted a 52-week high of Rs 2456.4 and a 52-week low of Rs 1289.7.
Total market cap of the ACC Ltd. stood at Rs 43225.81 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 3930.49 crore for the quarter ended 30-Jun-2021, down 9.35 per cent from previous quarter’s Rs 4335.94 crore and down 48.12 per cent from the year-ago quarter’s Rs 2653.52 crore.
The net profit for latest quarter stood at Rs 569.42 crore, up 110.18 per cent from the corresponding quarter last year.
Shareholding pattern
As of 30-Jun-2021, domestic institutional investors held 8.46 per cent stake in the company, while foreign institutional investors held 23.67 per cent and the promoters 54.53 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 21.96 and a price-to-book ratio of 2.4. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
ACC Ltd. belongs to the Cement – Pan India industry.
