Hold ACC, target Rs 1,666: IDBI Capital

IDBI Capital has a hold call on ACC with a target price of Rs 1,666.

The current market price of ACC is 1793.

Time period given by analyst is one quarter when ACC price can reach defined target.

ACC, incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 32886.24 crore) operating in Cement sector.

ACC key Products/Revenue Segments include Cement which contributed Rs 9841.80 crore to Sales Value (88.20 % of Total Sales), Ready Mix Concroreete which contributed Rs 1041.48 crore to Sales Value (9.33 % of Total Sales), Other Operating Revenue which contributed Rs 195.08 crore to Sales Value (1.74 % of Total Sales), Clinker which contributed Rs 39.99 crore to Sales Value (0.35 % of Total Sales), Scroreap which contributed Rs 26.85 crore to Sales Value (0.24 % of Total Sales) and Other Services which contributed Rs 13.14 crore to Sales Value (0.11 % of Total Sales)for the year ending 31-Dec-2016.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 3818.21 crore, up 23.18% from last quarter Sales of Rs 3099.66 crore and up 33.05% from last year same quarter Sales of Rs 2869.84 crore.

The company’s top management includes Mr.Arunkumar R Gandhi, Mr.Ashwin Dani, Mr.Christof Hassig, Mr.Eric Olsen, Mr.Farrokh K Kavarana, Mr.Martin Kriegner, Mr.N S Sekhsaria, Mr.Neeraj Akhoury, Mr.Shailesh Haribhakti, Mr.Sushil Kumar Roongta, Mr.Vijay Kumar Sharma, Mrs.Falguni Nayar. Company has SRBC & Co LLP as its auditors. As on 30-06-2017, the company has a total of 187,787,263 shares outstanding.