ACC has announced its results for the year ended December 2020. Let us have a look at the detailed performance review of the company during FY19-20.
No. of Mths Year Ending | 12 Dec-19* | 12 Dec-20* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 156,576 | 137,860 | -12.0% |
Other income | Rs m | 3,208 | 2,178 | -32.1% |
Total Revenues | Rs m | 159,783 | 140,037 | -12.4% |
Gross profit | Rs m | 24,105 | 21,781 | -9.6% |
Depreciation | Rs m | 6,064 | 6,388 | 5.3% |
Interest | Rs m | 863 | 571 | -33.8% |
Profit before tax | Rs m | 20,385 | 16,999 | -16.6% |
Tax | Rs m | 6,750 | 2,786 | -58.7% |
Profit after tax | Rs m | 13,635 | 14,213 | 4.2% |
Gross profit margin | % | 15.4 | 15.8 | |
Effective tax rate | % | 33.1 | 16.4 | |
Net profit margin | % | 8.7 | 10.3 |
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No. of Mths Year Ending | 12 Dec-19* | 12 Dec-20* | % Change | |
---|---|---|---|---|
Networth | Rs m | 115,438 | 126,991 | 10.0 |
Current Liabilities | Rs m | 46,982 | 48,043 | 2.3 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 171,360 | 182,002 | 6.2 |
Current assets | Rs m | 75,346 | 84,486 | 12.1 |
Fixed Assets | Rs m | 96,014 | 97,516 | 1.6 |
Total Assets | Rs m | 171,360 | 182,002 | 6.2 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Dec-19 | Dec-20 | ||
Cash Flow from Operating Activities | Rs m | 22,547 | 22,192 | -1.6% |
Cash Flow from Investing Activities | Rs m | -3,217 | -5,352 | - |
Cash Flow from Financing Activities | Rs m | -3,742 | -3,274 | - |
Net Cash Flow | Rs m | 15,593 | 13,568 | -13.0% |
No. of Mths Year Ending | 12 Dec-19* | 12 Dec-20* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 833.8 | 734.1 |
TTM Earnings per share | Rs | 72.6 | 75.7 |
Diluted earnings per share | Rs | 72.6 | 75.7 |
Price to Cash Flow | x | 13.8 | 12.2 |
TTM P/E ratio | x | 19.9 | 21.4 |
Price / Book Value ratio | x | 2.5 | 2.0 |
Market Cap | Rs m | 290,451 | 251,968 |
Dividends per share (Unadj.) | Rs | 14.0 | 14.0 |
Current Ratio: The company's current ratio improved and stood at 1.8x during CY20, from 1.6x during CY19. The current ratio measures the company's ability to pay short-term and long-term obligations.
Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 30.8x during CY20, from 24.6x during CY19. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.
Return on Equity (ROE): The ROE for the company declined and down at 11.2% during CY20, from 11.8% during CY20. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.
Return on Capital Employed (ROCE): The ROCE for the company declined and down at 13.8% during CY20, from 18.4% during CY19. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.
Return on Assets (ROA): The ROA of the company declined and down at 8.1% during CY20, from 8.5% during CY19. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Dec-19* | 12 Dec-20* | |
---|---|---|---|
Current ratio | x | 1.6 | 1.8 |
Debtors’ Days | Days | 1 | 1 |
Interest coverage | x | 24.6 | 30.8 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 8.5 | 8.1 |
Return on equity | % | 11.8 | 11.2 |
Return on capital employed | % | 18.4 | 13.8 |
To see how ACC has performed over the last 5 years, please visit here.
Over the last one year, ACC share price has moved down from Rs 1,661.0 to Rs 967.5, registering a loss of Rs 693.5 or around 41.8%.
Overall, the S&P BSE SENSEX is down 24.2% over the year.
(To know more, check out historical annual results for ACC and quarterly results for ACC )
ACC currently trades at Rs 2,524.4 per share. You can check out the latest share price performance of ACC here...
The revenues of ACC stood at Rs 140,037 m in CY20, which was down -12.4% compared to Rs 159,783 m reported in CY19.
ACC 's revenue has grown from Rs 95,848 m in CY16 to Rs 140,037 m in CY20.
Over the past 5 years, the revenue of ACC has grown at a CAGR of 9.9%.
The net profit of ACC stood at Rs 14,213 m in CY20, which was up 4.2% compared to Rs 13,635 m reported in CY19.
This compares to a net profit of Rs 15,103 m in CY18 and a net profit of Rs 9,136 m in CY17.
Over the past 5 years, ACC net profit has grown at a CAGR of 21.7%.
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of ACC reveals:
Here's the cash flow statement of ACC for the past 5 years.
(Rs m) | CY16 | CY17 | CY18 | CY19 | CY20 |
---|---|---|---|---|---|
From Operations | 13,895 | 15,545 | 11,175 | 22,547 | 22,192 |
From Investments | -5,345 | -3,796 | -3,644 | -3,217 | -5,352 |
From Financial Activity | -4,299 | -4,258 | -3,805 | -3,742 | -3,274 |
Net Cashflow | 4,263 | 7,500 | 3,736 | 15,593 | 13,568 |
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of ACC reveals:
Here's the ratio/financial analysis of ACC for the past 5 years.
CY16 | CY17 | CY18 | CY19 | CY20 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 15.2 | 15.4 | 13.8 | 15.4 | 15.8 |
Net Profit Margin (%) | 6.9 | 7.4 | 10.2 | 8.7 | 10.3 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Read: Latest Annual Report Analysis of ACC
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