Adani Group’s stock declares dividend of Rs 7.5 per share: Do you own it?
The consolidated net worth increased by Rs 2,191 crore from the previous fiscal year, reaching Rs 16,333 crore.
On Tuesday, the stock opened at Rs 2609.75, with the previous closing being Rs 2579.70. The 52-week high and low are Rs 2,759.95 and Rs 1,704.20, respectively as per BSE.
Recent Development- Financial Highlights:
ACC Limited has demonstrated significant improvements across all financial metrics. In the latest quarter, the company achieved a revenue growth of 13 per cent, with Operating EBITDA soaring by 79 per cent. This remarkable performance is reflected in the EBITDA margin, which increased from 9.8 per cent to 15.5 per cent.
Moreover, ACC generated robust cash flows from operations, totaling Rs 1,044 crore in Q4 and Rs 2,995 crore for the full fiscal year 2024. As a result, the company's cash and cash equivalents stood at Rs 4,667 crore. Additionally, the consolidated net worth increased by Rs 2,191 crore from the previous fiscal year, reaching Rs 16,333 crore.
ACC's business working capital management remains commendable, boasting a cycle of just 13 days, which positions it favorably compared to industry peers.
The company has demonstrated remarkable growth in its earnings per share (EPS), which surged to Rs 50.2 in the March 2024 quarter, a significant increase from Rs 12.5 recorded in the same period of the previous year. Furthermore, shareholders have received positive news as the company declared a dividend of Rs 7.50 per equity share with a FV of Rs 10.
These financial highlights underscore ACC Limited's strong performance and financial health in the market.
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About the Company:
ACC Limited, established in 1936, is a key member of the Adani Group, primarily involved in the manufacturing and sale of cement and ready-mix concrete. With manufacturing units spread across India, the company predominantly serves the domestic market.
Business Development:
The company's revenue is predominantly derived from the Cement segment, accounting for 93.93 per cent of the total revenue, while Ready Mix Concrete contributes the remaining 6.07 per cent. Geographically, all revenue is generated from operations within India, representing 100 per cent of the company's total revenue. This indicates a strong focus on the domestic market for revenue generation.
Today, the shares of ACC Limited plunged over 1.96 per cent. The company's current market capitalization standing at Rs 47,495.15 crore.
Furthermore, the stock has experienced significant buying activity, yielding returns of more than 45 per cent in the last one year.
Disclaimer: The article is for informational purposes only and not investment advice.