External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>ACC reported a stellar set of numbers as its Volume/Revenue/EBITDA/APAT grew by 22%/13%/79%/301% YoY (above expectations), driven by better demand and lower cost.</li><li>The company recorded an EBITDA Margin of 15.5% against 9.8% YoY (above estimates), primarily owing to the lower fuel/freight and fixed cost on a YoY basis.</li><li>ACC’s blended EBITDA/tonne stood at Rs 805, up 46% YoY and it reported blended realization/tonne of Rs 5,201 against Rs 5,636, down 8%/6% YoY/ QoQ. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ACC reported a stellar set of numbers as its Volume/Revenue/EBITDA/APAT grew by 22%/13%/79%/301% YoY (above expectations), driven by better demand and lower cost.The company recorded an EBITDA Margin of 15.5% against 9.8% YoY (above estimates), primarily owing to the lower fuel/freight and fixed cost on a YoY basis.ACC’s blended EBITDA/tonne stood at Rs 805, up 46% YoY and it reported blended realization/tonne of Rs 5,201 against Rs 5,636, down 8%/6% YoY/ QoQ. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ACC Limited - Volume Growth Momentum Continues; Retain BUY

<ul><li>ACC reported a steller set of numbers as its Volume/Revenue/EBITDA/APAT grew by 16%/8%/139%/375% YoY (above expectations), driven by better demand, higher realization and lower cost.</li><li>The company recorded an EBITDA Margin of 18.4% against 8.4% YoY (above estimates), primarily owing to the lower fuel/freight and fixed cost on a YoY basis.</li><li>ACC’s blended EBITDA/tonne stood at Rs 1,017, up 106% YoY and it reported blended realization/tonne of Rs 5,522 against Rs 5,475 up 4% QoQ. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ACC reported a steller set of numbers as its Volume/Revenue/EBITDA/APAT grew by 16%/8%/139%/375% YoY (above expectations), driven by better demand, higher realization and lower cost.The company recorded an EBITDA Margin of 18.4% against 8.4% YoY (above estimates), primarily owing to the lower fuel/freight and fixed cost on a YoY basis.ACC’s blended EBITDA/tonne stood at Rs 1,017, up 106% YoY and it reported blended realization/tonne of Rs 5,522 against Rs 5,475 up 4% QoQ. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ACC Limited - Beat On All Fronts; Retain BUY

<ul><li>ACC Limited- a part of Adani Cement is one of India’s leading producers of cement and ready-mix concrete. It is a member of the Adani Group - which has the largest and fastest-growing portfolio of diversified sustainable businesses.</li><li>ACC has 18 cement manufacturing sites, over 80 RMC plants and a nationwide network of channel partners to serve its customers.</li><li>Established in 1936, ACC is counted among the country’s 'Most Sustainable Companies' and is recognized for its best practices in environment management and corporate citizenship.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ACC Limited- a part of Adani Cement is one of India’s leading producers of cement and ready-mix concrete. It is a member of the Adani Group - which has the largest and fastest-growing portfolio of diversified sustainable businesses.ACC has 18 cement manufacturing sites, over 80 RMC plants and a nationwide network of channel partners to serve its customers.Established in 1936, ACC is counted among the country’s 'Most Sustainable Companies' and is recognized for its best practices in environment management and corporate citizenship.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week - ACC Ltd - 08 January 2024

<ul><li>ACC reported Revenue/Volume growth of 18%/11%oY (above expectations), driven by better demand.</li><li>The company recorded an EBITDA Margin of 12.4% against 0.4% YoY (below estimates), primarily owing to the lower fuel cost on a YoY basis.</li><li>On a QoQ basis, the EBITDA margin declined owing to an increase in RM costs, higher purchase of stockin-trade, and lower realization. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ACC reported Revenue/Volume growth of 18%/11%oY (above expectations), driven by better demand.The company recorded an EBITDA Margin of 12.4% against 0.4% YoY (below estimates), primarily owing to the lower fuel cost on a YoY basis.On a QoQ basis, the EBITDA margin declined owing to an increase in RM costs, higher purchase of stockin-trade, and lower realization. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>ACC reported Revenue/Volume/EBITDA/APAT growth of 16%/24%/81%/105% YoY (above expectations), driven by better demand and lower cost.</li><li>The company recorded an EBITDA Margin of 14.8% against 9.5% YoY (above estimates), primarily owing to the lower fuel cost on a YoY basis.</li><li>The volume for the quarter stood at 9.4 Mn tonnes per annum (mntpa), up 24% YoY and up 11% QoQ (above expectations). </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ACC reported Revenue/Volume/EBITDA/APAT growth of 16%/24%/81%/105% YoY (above expectations), driven by better demand and lower cost.The company recorded an EBITDA Margin of 14.8% against 9.5% YoY (above estimates), primarily owing to the lower fuel cost on a YoY basis.The volume for the quarter stood at 9.4 Mn tonnes per annum (mntpa), up 24% YoY and up 11% QoQ (above expectations). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ACC Limited - Beat On All Fronts; Maintain BUY

India

ACC Limited  manufactures a range of cements and blended cements. The Company also manufactures gypsum and refractory products such as Brown Tabular Alumina. The Company provides turnkey and application consulting services for setting up and operating cement plants and refractories. The Company owns cement plants throughout India.

ACC Ltd (ACC IN)

ACC Limited - Volume Growth Momentum Continues; Retain BUY

ACC reported a stellar set of numbers as its Volume/Revenue/EBITDA/APAT grew by 22%/13%/79%/301% YoY (above expectations), driven by better demand...

Axis Direct

ACC Limited - Beat On All Fronts; Retain BUY

ACC’s blended EBITDA/tonne stood at Rs 1,017, up 106% YoY and it reported blended realization/tonne of Rs 5,522 against Rs 5,475 up 4% QoQ.

Axis Direct

Pick of the Week - ACC Ltd - 08 January 2024

Established in 1936, ACC is counted among the country’s 'Most Sustainable Companies' and is recognized for its best practices in environment...

Axis Direct

ACC Limited - Robust Volume Growth

The company recorded an EBITDA Margin of 12.4% against 0.4% YoY (below estimates), primarily owing to the lower fuel cost on a YoY basis.

Axis Direct

ACC Limited - Beat On All Fronts; Maintain BUY

ACC reported Revenue/Volume/EBITDA/APAT growth of 16%/24%/81%/105% YoY (above expectations), driven by better demand and lower cost.

Axis Direct