No.

of
Months
Year
Ending

12
Dec-08*

12
Dec-09*

12
Dec-10*

12
Dec-11*

High

Rs

1,050

928

1,133

1,233

1,515

Low

Rs

369

469

700

917

1,083

Sales per share (Unadj.)

Rs

410.0

451.7

453.9

545.3

605.0

Earnings per share (Unadj.)

Rs

58.6

83.3

57.4

69.3

56.4

Diluted earnings per share

Rs

58.6

83.3

57.4

69.3

56.4

Cash flow per share

(Unadj.)

Rs

75.7

103.2

80.2

96.5

86.7

Dividends per share

(Unadj.)

Rs

20.00

23.00

30.50

28.00

30.00

Adj. dividends per share

Rs

19.99

23.00

30.50

28.00

30.00

2.8

3.3

3.3

2.6

2.3

Book value per share

(Unadj.)

Rs

257.0

312.6

334.5

371.7

392.7

Adj. book value per share

Rs

256.9

312.6

334.5

371.7

392.7

Shares outstanding (eoy)

187.68

187.74

187.75

187.75

187.75

ESOP

ESOP

ESOS

* Results Consolidated

12 5-Yr Chart
Click to
Dec-12* enlarge

EQUITY SHARE DATA

Dividend yield (eoy)

Bonus/Rights/Conversions
Price / Sales ratio

1.7

1.5

2.0

2.0

2.1

Avg P/E ratio

12.1

8.4

16.0

15.5

23.0

P/CF ratio (eoy)

9.4

6.8

11.4

11.1

15.0

Price / Book Value ratio

2.8

2.2

2.7

2.9

3.3

34.1

27.6

53.1

40.4

53.2

Rs m

133,159

131,136

172,073

201,831

243,887

No. of employees

`000

9.6

8.9

9.0

9.0

9.8

Total wages/salary

Rs m

4,497

4,012

4,982

5,743

6,179

Avg. sales/employee

Rs Th

8,050.6

9,510.5

9,498.9

11,335.6

11,626.8

Avg. wages/employee

Rs Th

470.5

450.0

555.3

635.9

632.5

Avg. net profit/employee

Rs Th

1,150.6

1,754.0

1,201.1

1,440.5

1,084.2

Net Sales

Rs m

76,940

84,796

85,215

102,372

113,582

Other income

Rs m

2,780

2,420

978

1,910

2,633

Total revenues

Rs m

79,720

87,216

86,193

104,282

116,215

Gross profit

Rs m

16,647

24,661

18,067

19,322

22,060

Depreciation

Rs m

3,205

3,731

4,277

5,100

5,689

Interest

Rs m

400

844

579

969

1,147

Dividend payout
Avg Mkt Cap

INCOME DATA

Profit before tax

Rs m

15,822

22,506

14,189

15,163

17,857

Minority Interest

Rs m

Prior Period Items

Rs m

2,280

-252

Extraordinary Inc (Exp)

Rs m

426

-3,354

Tax

Rs m

5,252

6,868

3,414

4,434

3,659

Profit after tax

Rs m

10,996

15,639

10,775

13,009

10,592

Gross profit margin

21.6

29.1

21.2

18.9

19.4

Effective tax rate

33.2

30.5

24.1

29.2

20.5

Net profit margin

14.3

18.4

12.6

12.7

9.3

Current assets

Rs m

27,272

22,918

27,630

45,288

48,490

Current liabilities

Rs m

28,662

32,269

38,674

34,085

34,073

-1.8

-11.0

-13.0

10.9

12.7

1.0

0.7

0.7

1.3

1.4

Inventory Days

Days

38

34

40

40

36

Debtors Days

Days

17

12

11

10

Net fixed assets

Rs m

52,718

65,359

68,708

67,765

62,463

Share capital

Rs m

1,879

1,879

1,880

1,880

1,880

"Free" reserves

Rs m

46,048

56,397

60,249

66,906

71,382

Net worth

Rs m

48,231

58,690

62,801

69,791

73,724

Long term debt

Rs m

2,669

5,139

5,240

5,061

850

Total assets

Rs m

85,159

100,198

110,407

119,210

119,282

Interest coverage

40.6

27.7

25.5

16.6

16.6

Debt to equity ratio

0.1

0.1

0.1

0.1

Sales to assets ratio

0.9

0.8

0.8

0.9

1.0

Return on assets

13.4

16.5

10.3

11.7

9.8

Return on equity

22.8

26.6

17.2

18.6

14.4

Return on capital

32.7

36.6

21.7

24.6

20.6

Exports to sales

Imports to sales

4.9

6.5

6.0

3.9

5.8

Exports (fob)

Rs m

Imports (cif)

Rs m

3,779

5,508

5,086

4,030

6,640

Fx inflow

Rs m

717

554

518

138

Fx outflow

Rs m

4,430

5,954

5,581

4,467

7,438

Net fx

Rs m

-3,713

-5,400

-5,063

-4,329

-7,438

BALANCE SHEET DATA

Net working cap to sales

Current ratio

CASH FLOW
From Operations

Rs m

17,079

23,756

19,255

15,760

15,769

From Investments

Rs m

-11,595

-14,834

-7,848

-2,584

-3,079

From Financial Activity

Rs m

-2,975

-4,546

-6,413

-7,685

-10,660

Net Cashflow

Rs m

2,509

4,376

4,994

5,491

2,029

* Results Consolidated

Source: Company Annual Reports, Regulatory Filings,

Equitymaster

Raw Materials Data

ITEM

Historical quarterly results for Acc

Limited

Top
% To SALES

Rs m

% To R.M.C.

Fly ash

2,815.8

17.5

2.2

Gypsum

3,486.5

21.7

2.8

Others

9,752.7

60.7

7.7

Share
Holding

Company Information

Indian
Promoters

50.0%

Foreign
collaborators

0.3%

Indian
inst/Mut
Fund

10.6%

FIIs

20.0%

ADR/GDR

0.0%

Free float

19.2%

Shareholders

106,424

Pledged
promoter(s)
holding

0.0%

CHM: N. S.
Sekhsaria

Top

REGD OFF:

Cement House, 121, Maharshi Karve Road, Mumbai - 400

020

E-MAIL:

brr.info@acclimited.com

WEB:

www.acclimited.com

TELEPHONE: (022) 3302 4473

FAX:

(022) 6631 7458

SECTOR:

CEMENT

GROUP: MISCELLANEOUS

TR AGENT:

In-house

AUDITOR:

S. R. Batliboi & Assoc.

COMP SEC: Burjor YEAR OF

D. Nariman
INC: 1936

BSE
CODE: 500410

FV
(Rs): 10

DIV YIELD
(%): 3.0

More Cement Company Fact Sheets: DALMIA BHARATCCL INTERNATIONALULTRATECH CEMENTINDIA

CEMENTSCHETTINAD CEMENT