ACC

Analysis and Growth Driver

Limited – Company Introduction (Summary): ACC Limited, incorporated in 1936 and now part of the Adani Group, is engaged in the manufacturing and sale of cement and ready-mix concrete (RMC). With 20 cement plants, over 86 RMC plants, and a robust pan-India distribution network, ACC mainly serves the domestic Indian market. It operates through two core segments—Cement (94% of FY24 revenue) and RMC (6%). Two Key Growth Drivers: 1. Capacity Expansion & Strategic Acquisitions: Ongoing expansion of 4 MTPA will raise capacity to 42.55 MTPA by FY26. Acquisition of Asian Concretes (2.8 MTPA) boosts scale and market reach. 2. Cost Optimization & Operational Efficiency: 14.8% reduction in operating costs/tonne and 15.3% cut in logistics costs in FY24. Resulted in 97.3% YoY increase in EBITDA/tonne, enhancing profitability.