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As of 18 Sept 2026, 03:30 pm
The Karnataka High Court quashed the Rs 482.70 crore penalty imposed on ACC, which was related to royalty demands under the Mines and Minerals (Development and Regulation) Act. The court also directed the government to execute the mining lease. This penalty was part of a larger standoff where a revised royalty demand of Rs 367.51 crore was issued in 2025.
As of September 18, 2026, ACC's stock has experienced significant declines over various periods, including a -32% return over the last year and a -28% year-to-date return. Technically, the daily trend indicators such as the 20-day Exponential Moving Average (EMA) at 1270.18 and the 50-day Simple Moving Average (SMA) at 1322.39 are below the current closing price of ₹1259.7. The SuperTrend indicator is also in a bearish direction at 1296.45. The monthly trend shows a similar bearish direction with the SuperTrend at 1712.71 and the 20-day EMA at 1581.5.
ACC Limited has scheduled several interactions with investors and analysts in September 2026. These include meetings at the JP Morgan India Conference and the Anand Rathi G-200 Summit 2026 in Mumbai on September 21 and 22, respectively. Additionally, the company participated in the Jefferies India Forum in Gurugram on September 17, 2026. These meetings are conducted in-person and discussions are based on publicly available information.
As of September 18, 2026, ACC's stock is trading near several support levels. The nearest support is identified at ₹1255.67, followed by ₹1252.30 and ₹1248.03. On the upside, the nearest resistance level is at ₹1444.40.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Profit Before Exceptional Items And Tax | ₹222 crore | ₹372.28 crore | ₹426.21 crore | PEAK₹761.93 crore | ₹561.33 crore |
| Exceptional Items Before Tax | -₹24 crore | -₹4.37 crore | PEAK₹32.32 crore | ₹0.0 | ₹0.0 |
| Profit Before Tax | ₹198 crore | ₹367.91 crore | ₹458.53 crore | PEAK₹761.93 crore | ₹561.33 crore |
ACC Limited posted a steep 60% year-on-year decline in profit before exceptional items for the first quarter of FY2026‑27, despite revenue falling only 4.6%. Expenses crept up 0.8%, turning a small revenue pullback into a severe margin squeeze. After a ₹24‑crore exceptional charge for a voluntary severance scheme, net profit tumbled to ₹147 crore.
The balance sheet saw a sharp rise in unallocable assets, which jumped to ₹4,518 crore as of 30 June 2026 from ₹1,121 crore at the end of March 2026. This increase is attributable to a ₹3,900‑crore inter‑corporate deposit extended to the holding company, Ambuja Cements, as disclosed by the company. Net segment assets moved up marginally to ₹27,634 crore, while segment liabilities edged higher to ₹7,072 crore.
Segment profit before tax (before unallocable items) amounted to ₹200 crore, a steep fall from ₹563 crore in the corresponding quarter last year and from ₹370 crore in the preceding March quarter. The decline mirrors the pressure seen at the consolidated level, with the dominant cement business absorbing most of the impact.
The proposed amalgamation of ACC into Ambuja Cements under the “One Cement Platform” is progressing. The company has received a No‑Objection Certificate from SEBI, and an application was filed with the National Company Law Tribunal during the quarter.
A slight dip in revenue and virtually flat costs combined to slash ACC’s profitability in the June 2026 quarter. The bottom line was further eroded by a one‑off severance charge, while a large related‑party deposit to the parent reshaped the asset side of the balance sheet. The amalgamation with Ambuja Cements continues to advance through the regulatory process.
Exchange disclosures and regulatory announcements for ACC.
ACC Limited announced institutional investor meetings scheduled for September 21, 2026, at the JP Morgan India Conference in Mumbai, and September 22, 2026, at the Anand Rathi G-200 Summit 2026 in Mumbai. Both group meetings will commence at 11:00 AM and feature presentations by Chief Financial Officer and Head of Investor Relations, Mr. Rohit Soni and Mr. Deepak Balwani. The events are conducted in-person with contact persons Ms. Neha Dawda and Mr. Sanjay Mookim designated for respective inquiries.
ACC Limited will interact with investors and analysts at the JP Morgan Conference on September 21, 2026, in Mumbai, and at the Anand Rathi Conference on September 22, 2026, both as in-person 1x1 and group meetings. Discussions will be based solely on publicly available information, with no unpublished price-sensitive information disclosed.
ACC Limited will conduct investor and analyst interactions on Thursday, September 17, 2026, in Gurugram as part of the Jefferies India Forum. The meetings, which include one-on-one and group sessions, will be held in person and restricted to publicly available information without disclosure of unpublished price-sensitive data.
ACC LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
ACC Limited will convene a shareholders meeting on September 29, 2026, at 10:30 AM via video conference to consider a special resolution for the amalgamation of ACC with Ambuja Cements Limited. This meeting is held pursuant to an order by the National Company Law Tribunal (NCLT), Ahmedabad Bench, regarding the Scheme of Amalgamation.
ACC Limited informed exchanges on 2026-08-21 that its Chief Financial Officer Mr. Rohit Soni and Head of Investor Relations Mr. Deepak Balwani will attend the Adani Annual Conference 2026 in London and Abu Dhabi on 2026-09-07, meeting with multiple investors and analysts in person.
ACC Limited announced on August 21, 2026, that it will hold investor and analyst interactions during the Adani Annual Conference in London on September 7-8, 2026, and in Abu Dhabi on September 9, 2026. The physical meetings will be conducted via one-on-one and group sessions as part of a compliance disclosure under SEBI Listing Regulations.
Recent market and company developments associated with ACC.
The standoff escalated in 2025 when the department issued a revised royalty demand of Rs 367.51 crore (after adjusting Rs 125 crore already deposited by the firm), followed by a separate penalty notice of Rs 482.70 crore under the Mines and Minerals (Development and Regulation) Act.
So far in 2026, stocks of large cement companies have declined more than the 10% fall in benchmark index Nifty50. Valuations have moderated, but unless fundamentals improve, that’s not enticing enough.
ACC, Ambuja Cements, India Cements and Shree Cement from the cement sector hit their respective 52-week lows.
ACC Limited, Karnataka High Court ACC Limited, Karnataka High Court Adani ACC
The Karnataka High Court has on September 8 [Tuesday] quashed a Rs 482.69 crore penalty imposed on ACC Limited- a part of the Adani Group- holding that mining operations during a statutorily extended...
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Comprehensive Section Breakdown for ACC
Strategic Vision: Indian producer of cement, building materials, and concrete.
• Integrated operational footprint including plants, units, terminals, ships, and jetties.
• Extensive network of channel partners across India.
Consolidated revenue from operations stood at ₹5,808 crore, down from ₹6,087 crore in the same quarter last year – a decline of about 4.6%. On a sequential basis, revenue contracted 18.7% from the seasonally stronger March quarter (₹7,146 crore).
While the revenue drop was modest, profit before exceptional items and tax fell to ₹222 crore, compared with ₹561 crore in Q1 FY2025‑26. The sharp compression reflects that total expenses – at ₹5,639 crore – were fractionally higher than the ₹5,594 crore recorded a year earlier, rather than falling in tandem with the top line. As a result, the pre‑exceptional profit margin narrowed considerably.
Among the major expense lines, cost of materials consumed was ₹1,002 crore, purchases of stock‑in‑trade ₹1,747 crore, and employee benefit expense ₹186 crore. A small inventory decline (change in inventories of -₹35 crore) only partially offset these costs.
Finance costs of ₹27 crore were slightly lower than the prior‑year quarter’s ₹30 crore, while depreciation and amortisation amounted to ₹261 crore. Other income contributed ₹53 crore.
Stripping out the effect of depreciation, finance costs, and other income, a proxy for EBITDA (profit before exceptional items and tax + finance costs + depreciation – other income) comes to ₹457 crore, implying a margin of approximately 7.9% on revenue.
The quarter included an exceptional expense of ₹24 crore for termination benefits under a voluntary severance scheme at one production facility. There were no exceptional items in the corresponding quarter last year.
After accounting for the exceptional charge, profit before tax dropped to ₹198 crore. The tax expense was ₹53 crore, representing an effective tax rate of about 27% – lower than the 33% rate recorded in Q1 FY2025‑26. Consequently, net profit for the quarter settled at ₹147 crore, with basic earnings per share of ₹7.83, down from ₹19.99 a year ago.
In Q1 FY’27, ACC delivered a resilient performance with a higher share of trade volumes and continued premiumisation, as noted by Whole-Time Director & CEO Vinod Bahety. Profitability was impacted by planned maintenance of larger integrated units and higher MSA with parent Ambuja Cements, while the company prioritised value-led growth and quality earnings. The proposed amalgamation with Ambuja Cements ("One Cement Platform") is progressing, with SEBI NOC received and NCLT application filed, expected to complete during FY’27, further strengthening the integrated business.
Management highlighted strategic capacity expansions at Salai Banwa (trial run started) and Kalamboli, and continued focus on cost optimisation despite headwinds from the West Asia conflict. The company is mitigating cost pressures through fuel mix optimisation, renewable energy adoption, logistics efficiencies, and disciplined cost management. Temporary suspension of certain manufacturing operations was approved to improve operational efficiency and capital allocation, with no impairment required. The long-term outlook remains constructive, supported by infrastructure investments, urbanisation, and housing demand.
Category: Manufacturing
Production and supply of cement as a core building material.
Key Products & Services: Adani Ambuja Cements • Adani ACC
Category: Manufacturing
Provision of various materials essential for construction.
Category: Manufacturing
Manufacturing and supply of ready-mix concrete for construction projects.
Core Thesis: Consolidation aims to establish a unified 'One Cement Platform' within the Adani Group to enhance operational efficiencies and streamline the corporate structure.
• Operational Efficiencies: The amalgamation is projected to enhance operational efficiencies across the merged entity. • Network Optimization: The strategy includes optimizing manufacturing and logistics networks for improved performance. • Streamlined Structure: A key objective is to streamline the corporate structure for better management and integration.