Thread by @tycoonmindset05

Once Harshad Mehta's manipulated stock " Acc limited " conducted their conference call on 12th February around 11:00 Am.

"Company focusing growth with brand power"

Here are the key takeaways 😊

- The company have taken various initiatives related to the wellbeing of employees.

- They had a key focus towards health cost and cash for their organisation.

- The company had tried to attain competitive advantage in areas of its product and technology.

- The Company believes in sustainable value creation to scale up and innovation.

- Currently Company has 17 operating cement plants , 80 readymade concrete plants.

- Annual level capacity utilisation of the plants is around 72 percent.

- The company has a strong parenting support and they want to leverage it the most.

- Company have a basic focus towards retaining its name and making it more contemporary.

- In terms of presence it is well diversified covering 12 states with cement and 17 states with readymix

- As per company Management the cement sector will witness great surge in demand for following 4 years tentatively.

- To grow further the company is planning new concretes and new engines of growth like constructing chemicals.

Margins
- key areas for margin growth are:-
Product mix optimization
Cost effeciency project on flagship program
Good working capital management leading to strong cash flow delivery
Launches done in ready mix space.

Business enablers
- The company have followed a path to gain technological advances co linked with logistics support making them cost effective and reach great masses.

CSR activities
- Acc limited has a main aim of making its society a better place to live. For which they have taken many initiatives.

- Currently company focuses towards malnutrition and education areas.

- On environmental protection Acc is one of the lowest carbon emission Companies.

- Currently the CO2 per tone is around 493 kgs.

- Along with that Company is trying new alternative methods to use organic fuels and generate energy in environmental friendly manner.

- The Company has set its target to attain C02 levels around 400 kgs per ton in coming period.

Employees
- Company have shown a great support towards its staff.

- The company took care of their physical and mental well-being.

- Company have also initiated various talent review program as to get the most out of the employees.

Capex
- New plant at singuria of 1.4 million tons have already producing cement from month of Jan.

- Another project is on which will produce 3 million tons of klinkering.

Both plants together will be able to genetate 6.2 million tons of cement.

- Balance capacity from project 2 is expected to be brought by Q2 of next year.

- More expansion plans are all linked to industry growth.

- With union budget in mind Company simply believes in India's growth story and will work as per that.

- The Capex outflow of about 500 cr is already decided by the company for its project.

- In mean time couple WHRS projects were initiated by the company.

- Company recently impaired it's tamilnadu plant due to poor book value and low limestone quality.

Mergers
- As of now There is no confirmation regarding the companies merger.

- And management fails to answer any other questions related to mining ammendment.

On cost and cost effeciency
- 200rs per ton was a target but will try to go above it.

- Input cost have been a pressure point for previous few quarters but company is handling it well.

On capital allocation
- Major of the work can be done by internal accruals of Company. But major of it will be used for upcoming organic and inorganic opportunities.

- As covid haven't ended yet , they will invest as soon as time comes

Peer gap.
- Gap between acc and Ambuja is widening a lot but now acc is working on higest utilisation
Company is looking to bridge the gap soon.

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