ACC Ltd


BSE: 500410 | NSE: ACC | ISIN: INE012A01025 
Market Cap: [Rs.Cr.] 22,956 | Face Value: [Rs.] 10
Industry: Cement - North India

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Board Meet

03-May-13 
ACC Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 03, 2013, inter alia, to consider and take on record the Unaudited Financial Results (Provisional) for the quarter ended March 31, 2013. ACC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 03, 2013, Mr. Farrokh K Kavarana has been appointed as a Director of the Company. The Board has considered Mr. Kavarana as an Independent Director. (As per BSE Announcement Dated on 03.05.2013) 
07-Feb-13 
ACC Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on February 07, 2013, inter alia, to consider and approve the Audited Accounts of the Company for the Financial Year ended December 31, 2012 and dividend, if any, to be recommended ACC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 07, 2013, inter alia, have recommended payment of a final dividend at the rate of Rs. 19/- (Rupees Nineteen Only) per equity share of Rs. 10/- each. (As per BSE Announcement Dated on 07.02.2013) 
13-Dec-12 
ACC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 13, 2012, approved the payment of Technology and Knowhow fees to Holcim Limited, Switzerland at the rate of 1% (one percent) of the net annual sales of the Company with effect from January 01, 2013. The proposal will be presented to the Members of the Company for their consideration at the next Annual General Meeting of the Company. 
18-Oct-12 
ACC Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 18, 2012, inter alia, to consider and take on record the unaudited financial results for the quarter July - September 2012 and in respect of the nine months ended September 30, 2012 (Q3). 
26-Jul-12 
ACC Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on July 26, 2012, inter alia, to consider and take on record the unaudited financial results for the quarter April 01, 2012 - June 30, 2012 and in respect of the half year January 01, 2012 - June 30, 2012 and to consider or not the payment of an interim dividend. With reference to the earlier announcement dated July 13, 2012 regarding a Meeting of the Board of Directors of the Company will be held on July 26, 2012 at which Meeting the Board of Directors shall, inter alia, consider to recommend or not an interim dividend, ACC Ltd has informed BSE that it has now been decided that in the event an interim dividend is declared by the Board, August 02, 2012 will be the Record date for determining the shareholders who will be entitled to the Interim Dividend, if any, declared on July 26, 2012. The Interim Dividend if any, declared will be paid on and from August 14, 2012. (AsPer BSE ANnouncement Website Dated on 20/07/2012) ACC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 26, 2012, inter alia, has approved payment of an interim dividend at the rate of Rs. 11/- per equity share of Rs. 10/- each. The dividend will be paid on and from August 14, 2012. (As Per BSE Announcemet Website Dated on 26/072012) 

AGM

05-Apr-13
AGM : 05.04.2013 ACC Ltd has informed BSE that the Annual General Meeting (AGM) of the Company will be held on April 05, 2013. (As per BSE Announcement Dated on 08.03.2013) ACC Ltd has informed BSE regarding the details of Voting results at the 77th Annual General Meeting (AGM) of the Company was held on April 05, 2013, under Clause 35A. ACC Ltd has informed BSE that as per the Succession Policy for Directors, two of the Company's Senior Directors Mr. Naresh Chandra and Mr. R. A. Shah have stepped down from the Board of Directors of the Company at the Annual General Meeting of the Company held on April 05, 2013. The Board of Directors and the Members of the Company present at the Annual General Meeting have placed on record their appreciation for the out standing contributions made by them during their respective tenures as Directors of the Company. At the aforesaid Annual General Meeting it was resolved that these vacancies be not filled. (As per BSE Announcement Dated on 11.04.2013) ACC Ltd has submitted to BSE a copy of Minutes of the 77th Annual General Meeting of the Members of the Company held on April 05, 2013. (As per BSE Announcement Dated on 08.05.2013) 
28-Mar-12
AGM 28/03/2012 ACC Ltd has informed BSE about the following changes on the Board of Directors of the Company: At the 76th Annual General Meeting of the Company held on March 28, 2012, the Members of the Company have unanimously passed a Resolution for the appointment of Mr. Bernard Fontana as a Director of the Company. (As Per BSE Announcement Website Dated on 29/03/2012) ACC Ltd has informed BSE that the 76th Annual General Meeting (AGM) of the Company was held on March 28, 2012. (As Per BSE Announcement dated on 08.06.2012) 
13-Apr-11
The final dividend and the proposed Special Dividend, if approved by the members of the Company at the Annual General Meeting (AGM) of the Company to be held on April 13, 2011 shall be made payable to those members whose names stand on the Register of Members on April 13, 2011. ACC Ltd has informed BSE that the 75th Annual General Meeting (AGM) of the Company was held on April 13, 2011. (As Per BSE Announcement Dated on 11.05.2011) 
08-Apr-10
ACC Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from March 26, 2010, to April 08, 2010 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on April 08, 2010. ACC Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on April 08, 2010. (As Per BSE Announcement Website dated on 03.05.2010) 
08-Apr-09
AGM 08/04/2009 ACC Ltd has submitted to BSE the Minutes of the proceedings of the 73rd Annual General Meeting of the Company held on April 08, 2009. (As Per BSE Announcement Website dated on 20.05.2009) 

EGM

01-Jun-11
ACC Ltd has informed BSE that by an Order made on April 29, 2011, the High Court of Judicature at Bombay has directed that a Meeting of the Equity Shareholders of ACC Limited, the Applicant Company, will be held on June 01, 2011 at 10.00 a.m. at Yashwantrao Chavan Pratishthan, Gen. Jagannathrao Bhonsle Marg, Mumbai 400021, Maharashtra, India for the purpose of considering, and, if thought fit, approving, with or without modification(s), the arrangement embodied in the Scheme of Amalgamation of Lucky Minmat Limited, National Limestone Company Private Limited and Encore Cement And Additives Private Limited with ACC Limited, the Applicant Company In pursuance of the said Order, and as directed therein a Meeting of the Equity Shareholders of the Applicant Company will be held on June 01, 2011 at. 10.00 a.m. at Yashwantrao Chavan Pratishthan, Gen. Jagannathrao Bhonsle Marg, Mumbai 400021. ACC Ltd has informed BSE that, in accordance with the order of the Hon'ble High Court of Judicature at Bombay dated April 29, 2011, a meeting of the members of ACC Ltd (the 'Transferee Companies') was convened and held on June 01, 2011. The resolution for approval of the Scheme of Amalgamation of the Lucky Minmat Limited, National Limestone Company Private Limited and Encore Cements and Additives Private Limited ('Transferor Companies') into the Transferee Company was put to a ballot. 225 shareholders, in person or proxy or through authorized representatives were present constituting 13,65,70,749 number of shares of the Transferee Company. The resolution was approved by 165 number of shareholders holding 13,28,22,908 shares of the Transferee Company comprising 97.25 % in value and 73.33% In number of the total shareholding of the Transferee Company. The resolution was approved by the requisite majority of shareholders comprising three-fourths in value and a majority in number of the members present and voting in accordance with Sections 391-394 of the Companies Act, 1956. (As Per BSE Announcement Website dated on 02.06.2011) 
08-Jun-06
Associated Cement Companies Ltd (ACC) has informed BSE that a meeting of the shareholders of the Company will be held on June 08, 2006, to consider the Scheme of Amalgamation of Tarmac (India) Ltd with the Company. This is pursuant to the order of the Bombay High Court passed on May 05, 2006. Associated Cement Co. Ltd has informed the Exchange that by an order made on May 05, 2006, in the above Company application, the High Court of Judicature at Bombay has directed that a Meeting of the Equity Shareholders of the Applicant Company be convened and held on June 08, 2006 for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Amalgamation of Tarmac (India) Ltd (the "Transferor Company") with the Applicant Company (The Associated Cement Companies Ltd). (As per NSE Bulletin dated on 19/05/2006) The company has informed that the equity shareholders of the Company at their Court Convened Meeting held on June 08, 2006, have approved the Scheme of Amalgamation of Tarmac India Ltd with the Company, with requisite majority. (As Per BSE Bulletin Dated on 09/06/2006) Associated Cement Co. Ltd has submitted to the Exchange a copy of the Minutes of the EGM convened pursuant to the Order passed by the High Court of Judicature at Mumbai in Company Application No 596 of 2006 in connection with the merger of Tarmac (India) Limited (TIL) with ACC which was held on June 08, 2006. (As per NSE Bulletin dated on 10/07/2006) 
28-Nov-05
EGM 28/11/2005 For the purpose of considering, and if thought fit, approving with or without modifications, the Scheme of Amalgamation of Damodhar Cement & Slag Ltd with the Company. Associated Cement Co. Ltd has submitted to the Exchange a copy of the Minutes of the EGM convened by the High Court of Judicature at Mumbai in Company Application No 685 of 2005 in connection with the merger of Damodhar Cement & Slag Limited (DCSL) with ACC which was held on November 28, 2005. (As per NSE Bulletin dated on 29/12/2005) 
08-Sep-05
EGM 08/09/2005 To consider and if thought fit, approving with or without modification, Scheme of Amalgamation of Bargarh Cement Limited with the company. The above scheme if approved at the meeting will be subject to the subsequent approval of the Court. 
01-Mar-04
EGM 01/03/2004 Voluntary delisting of equity shares from the Stock Exchanges other than BSE and NSE. Associated Cement Co. Ltd has informed theExchange as follows: "As regards raising of additional long term resources and voluntary delisting of the company's equity shares from the Stock Exchanges other that BSE and NSE, an EGM is proposed to be held on March 01, 2004 commending the Special Resolution in regard to these items to the shareholders for their approval. (As per NSE Bulletin dated on 04/02/2004) The Company has informed that the members of the company at the Extra Ordinary General Meeting of the company held on March 1, 2004 have approved the offer, issue and allot in one or more tranches in the course of domestic / international offerings through a public issue and / or on a private placement basis, debentures whether partly / fully convertible and / or securities linked to equity shares and / or Foreign Currency Convertible Bonds and / or bonds with share warrants attached and / or equity shares through depository receipts, secured or unsecured, however that the total amount raised through the aforesaid securities should not exceed US$ 100 million or its equivalent, of incremental funds for the company. (As per BSE Bulletin Date 05/03/2004) The company has informed that pursuant to the approval of the shareholders by a Special Resolution at the EGM of the Company held on March 1, 2004, a Committee of the BoD has determined that the form of the issue would be in the nature of Foreign Currency Convertible Bonds (FCCBs) and Global Depository Receipts (GDRs) to certain overseas investors on the basis of the terms and conditions contained in the Offering Circular. (AS per BSE Bulletin dated on 08/03/2004) Associated Cement Co. Ltd has informed the Exchange that pursuant to the approval of the shareholders by a Special Resolution at the EGM of the company held on March 01, 2004, a Committee of the BoD's has determined that the form of the issue would be in the nature of Foreign Currency Convertible Bonds (FCCBs) and Global Depository Receipts (GDRs) to certain overseas investors on the basis of the terms and conditions contained in the Offering Circular. The Committee also approved the listing of the aforementioned securities on the London Stock Exchange. Associated Cement Co. Ltd has informed the Exchange that at the EGM of the Company held on March 01, 2004, the shareholders have passed a Special Resolution to voluntary delist the Company's equity shares from the following stock exchanges where the Company's shares are presently listed : i) The Stock Exchange, Ahmedabad; ii) The Bangalore Stock Exchange at Bangalore; iii) The Calcutta Stock Exchange Association Ltd. at Kolkata; iv) The Cochin Stock Exchange Ltd. at Cochin; v) The Delhi Stock Exchange Association Ltd., at New Delhi; vi) The Madras Stock Exchange Ltd. at Chennai. The shareholders have also resolved that the Company's shares/securities continue to be listed with the Stock Exchange Mumbai (BSE) and the National Stock Exchange (NSE). (As per NSE Bulletin dated on 09/03/2004) Associated Cement Co.Ltd has informed the Exchange that pursuant to the Resolution passed by the shareholders at the EGM of the company held on March 01, 2004, the Committee of the Board of Directors has issued Foreign Currency Convertible Bonds and Global Depositary Shares. (As per NSE Bulletin dated on 24/03/2004) Associated Cement Co. Ltd has informed the Exchange that pursuant to the Resolution passed by the shareholders at the EGM of the Company held on March 01, 2004 for voluntary delisting, the Madras Stock Exchange has confirmed that the securities of the Company have been delisted from the Exchange w.e.f. July 22, 2004 and Bangalore Stock Exchange has confirmed that the Securities of the Company have been delisted from the Exchange w.e.f. August 03, 2004. (As per NSE BUlletin dated pm 09/08/2004) Associated Cement Co. Ltd has informed the Exchange that pursuant to the resolution passed by the shareholders at the EGM held on March 01, 2004 for voluntary delisting of the company's shares from the Stock Exchanges at Ahmedabad, Bangalore, Cochin, New Delhi, Kolkata & Madras, the company has applied to the said Stock Exchanges for voluntary delisting of shares. Accordingly, the Stock Exchange Ahmedabad has confirmed that the securities of the company have been delisted from the Exchange with effect from August 18, 2004. (As per NSE bulletin dated on 25/08/2004) Associated Cement Co. Ltd has informed the Exchange that pursuant to the Resolution passed by the shareholders at the EGM held on March 01, 2004 for voluntary delisting of the company's shares from the Stock Exchanges at Ahmedabad, Bangalore, cochin, New Delhi, Kolkata and Madras, the Company has applied to the said StockExchanges for voluntary delisting of shares. Accordingly, the Stock Exchange Cochin has confirmed that the Securities of the company have been delisted from the Exchange w.e.f. August 31, 2004. Further the company has informed that its shares will continue to be listed on Mumbai Stock Exchange and National Stock Exchange of India Ltd. (As per NSE bulletin dated on 09/09/2004) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
UltraTech Cem. 53,397.93 20.11 3.50 10.02 20.8 22.6 0.35
Ambuja Cem. 28,632.22 19.45 3.25 11.32 17.0 25.8 0.01
ACC 22,956.19 17.09 3.11 12.39 16.9 22.2 0.05
Shree Cement 17,122.81 15.82 6.26 6.54 21.0 16.3 0.76
Prism Cement 2,026.02 0.00 1.86 13.97 -2.1 5.1 1.05
Birla Corpn. 1,944.89 7.21 0.80 6.00 11.2 11.7 0.49
Binani Cement 1,706.83 28.11 2.64 0.00 9.9 11.1 2.35
J K Cements 1,595.45 6.83 1.09 3.44 14.6 16.8 1.04
JK Lakshmi Cem. 1,179.54 6.06 1.06 4.54 9.2 9.7 0.96
Heidelberg Cem. 959.74 44.58 1.15 25.47 3.8 3.2 1.11
OCL India 807.70 8.23 0.89 4.85 3.6 6.6 0.88
Sanghi Inds. 381.67 2.06 0.48 5.67 10.9 6.0 0.97
Mangalam Cement 321.88 4.16 0.66 3.15 13.7 17.2 0.05
Sh. Digvijay Cem 158.90 7.54 0.71 4.00 13.7 15.6 0.14
Saurashtra Cem. 104.43 1.75 -2.40 4.28 0.0 0.0 0.00

Futures & Options Quote

 
Expiry Date
1224.70 17.30  (1.4%)
Instrument: FUTSTK
Expiry Date: 30 May 2013
Open Price: 1,210.75
Average Price: 1,214.92
No. of Contracts Traded: 397,250
Open Interest: 581,000
Underlying: ACC
Market Lot: 250
Previous Close: 1,224.70
Day’s High | Low: 1,228.85 | 1,197.50
Turnover (Cr.): 48.26
Open Int. Change: -24,000.00 ( [4.0]% )
View detailed F& O quotes >>

Key Information

Key Executives:

N S Sekhsaria , Chairman  

Paul Hugentobler , Deputy Chairman  

S M Palia , Director  

M L Narula , Director  


Company Head Office / Quarters:
Cement House,
121 Maharshi Karve Road,
Mumbai,
Maharashtra-400020
Phone : 91-22-33024473/33024469
Fax : 91-22-66317458
E-mail : brr.info@acclimited.com
Web : http://www.acclimited.com
Registrars:
ACC Ltd
Cement House
121 M Karve Road

Mumbai - 400 020

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