Naukhej

± C KCMYK 1st March 2002 Associated Cement Companies Ltd. (CMP: Rs.176.35) Under Performer blood line Statistics Market Cap (Rs. cr) 52 week high (Rs.) 52 week low (Rs.) Avg. daily Volume Avg. daily trades search Value (Rs.) BSE Sensex BSE jurisprudence Reuters Code Bloomberg Code Industry : : : : : : : : : : : 3016.11 200 91 1057604 6721 10 3678.75 500410 ACC.BO ACC@IN Cement in full Priced The performance of ACC is much sensitive to wrong than volumes. Every 1 part increase in cement realisation results in 11.28 percent higher(prenominal) EBIT but every percent pin results in lower EBIT by 18.74 percent. In FY�2, even in peak season, cement prices have been declining. The performance of ACC has already been change in Q2�2 and Q3�2 because of lower prices in South and East respectively. We conceptualize that Q4�2 willing at best be marginally cleanse than Q3�2 at PBT level. However, for the purpose of our projections, we have deliberately erred on higher side to clearly reflect the element of overvaluation. With cement prices display no signs of improvement, we rate the stock Market Underperformer. Investment Highlights ­ contempt being the largest cement producer in country, ACC is market leader just now in Karnataka & Punjab (only states with annual consumption of above 3 million tonne considered).

ACC-GACL combine has the highest market share in eastern Region but even in this region, the combine is not able to control the prices. On its own, ACC is not a price leader in a single state. Sharholding Pattern (%) toffee-nosed NRIs/OCB Corporate & Others Bodies 1% 4% GACL 14% MFs & UTI 10% ­ ACC is more sensitive to realisation than volume because of its cost structure. Even in peak season prices across the country are declining. ACC will be worst affected among all cement study with the exception of Southern majors. In Q3�2, despite 27 percent volume growth (Q-Q) and sales tax exemption at Wadi (New)-Ktaka charges the highest ST on cement in country-OPM of ACC remained... If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .