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— © OT Analysis
— 6  ief Histoy
— Àap of ACC & 5 yeas pefomance highlights
— Plants & capacity
—  !"#$ "%
— &%  $ "
— $6$
— Analysis :-Findings & obseations
— Limitations &
— ©ggestions
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— To detemine the amont of woing capital
eqiement and to calclate aios atios elated
to woing capital.
— To analyze the Indian Cement Indsty.
— To ealate the financial pefomance of ACC
limited sing financial tools.
— To stdy liqidity position of the company by
taing aios measements.
— To sggest the steps to be taen to incease the
efficiency in management of woing capital.
 

— India is the wold's second lagest podce of cement
with total capacity of 219 million tones (ÀT) at the end of
FY 2009, accoding to the Cement Àanfacte͛s
Association.
— Dispatches ding 2009-10 wee 159.43 million tones (ÀT)
inceasing by 12 pe cent oe 142.23 in 2008-09.
— Cement podction ding 2009-10 was 160.31 ÀT an
incease of 12.37 pe cent oe 142.65 ÀT in 2008-09.
— Accoding to ACC -the goenment͛s contined thst on
infastcte will help an annal gowth of 9-10 pe cent
in 2010,
— In the Union dget 2010-11, U© 37.4 billion has been
poided fo infastcte deelopment.
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— 6 (ACC Limited) is India's foemost manfacte of
cement and concete.
— ACC's opeations ae spead with 14 moden cement
factoies, 19 Ready mix concete plants, 19 sales
offices & a wofoce of abot 9000 pesons .
— ACC͛s band name is synonymos with cement and
enjoys a high leel of eqity in the Indian maet. It is
the only cement company that figes in the list of
Consme ©pe ands of India
— ACC has also extended its seices oeseas to the
Àiddle East, Afica, and ©oth Ameica
— ACC was fomally established on Agst 1, 1936. ©adly,
F E Din ©haw, the man ecognized as the fonde of
ACC, died in Janay 1936. Jst months befoe his
deam cold be ealized.
— The sccess came as the histoic mege of ten
companies to fom a cement giant. These companies
belonged to fo pominent bsiness gops  Tatas,
Khatas, Killic ixon and F E Din ©haw gops.
— ACC, with an installed capacity of 22.63 ÀTPA (with 13
plants), enjoys an 11% maet shae in India, which
with its total installed capacity of 207 ÀTPA .
— A new association was fomed between ACC and The
Holcim gop of ©witzeland in 2005
— A /To be one of the most espected companies in
India͟.
— Àission incldes ͞#0. '$ ,) ,
1$ , 2 , . " & &# '$3,
Àap of ACC & 5 yeas pefomance
highlights:-
.$ 4556 4557 4558 4559 455:
& 

ET ©ALE© 3,221 5,803 6,991 7,283 8,027

P T 684 1,620 1,930 1,737 2,204

OPERATIG PROFIT 616 1,717 1,993 1,899 2,643

PAT 544 1,232 1,439 1,213 1,607

CAPITAL EÀPLOYED 3,502 4,234 4,791 5,746 6,932

A©IC EARIG© 30.02 66.02 76.75 64.63 85.60


Pe ©hae(Rs.)
 !"#$ "%
͞ oing capital means the pat of the total assets of the bsiness
that change fom one fom to anothe fom in the odinay cose
of bsiness opeations.͟
Two diffeent concepts of woing capital :-
a) alance sheet o Taditional &
b) Opeating cycle concept.
©IGIFICACE OF ORKIG CAPITAL:-
— ICREA©E DE T CAPACITY
— ICREA©E I FIXED A©©ET©
— ICREA©E EFFECIECY
— EA©Y LOA FROÀ AK©
— PAYÀET TO ©UPPLIER©
— DIVIDED DI©TRI UTIO
Reseach Àethodology
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The stdy has got a wide & fast scope. It ties to find
ot the playes in the indsty & focses on the
pcoming tends. It also ties to show the financial
pefomance of the majo playe of the indsty (ACC).
$6$;"0" $

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— 6$= < $>
— & 6$"
a) Liqidity Ratio
b) ©olency Ratio
c) Actiity/mgmt efficiency Ratio
d) Pofitability Ratio
Intepetation Of Common size statement

—Thee is a significant incease in shaeholde͛s fnd


& decease in loan fnds continosly oe a
peiod of time.
—Thee is also a significant incease in the amont
inested by the company fo the ppose of fte
gowth.
—Thee is a significant decease in cent asset oe
a peiod of time.
Tend Analysis:-
Intepetation of tend analysis :-

Oe a peiod of yeas ,thee is an inceasing


tend in all the alance sheet items othe than
Inestment & Cent assets.
#   !"#$
 &+
)6.6&6 6

 &.& 6

2 & ?5 ?57 ?58 ?59 ?5:
6
Cent Ratio 0.58 0.77 0.86 0.89 0.67
Qic Ratio 0.42 0.61 0.55 0.61 0.42
 $&
Debt-Eqity
Ratio 0.50 0.25 0.07 0.10 0.09
6 
?56 ?57 ?58 ?59 ?5:
Inentoy 5.37 9.33 24.85 27.51 25.22
Tnoe Ratio
Debto Tnoe 16.34 27.75 27.40 24.12 31.22
Ratio
Inestment 12.29 22.40 24.85 27.51 25.22
Tnoe Ratio
oing Tnoe 27.93 6.96 18.25 17.02 54.17
Ratio
. '$& 
. '$ ?56 ?57 ?58 ?59 ?5:
&
Goss pofit 17.32 28.97 23.72 20.59 27.68
atio
et Pofit Ratio 16.85 21.16 20.44 16.29 19.69

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' 
— Position of the stoc is inceasing pe yea that is
good sign to sstain as the leade ahead.
— Lac of adetisement can be said as wea point of
the ACC.
— ACC͛s inestment policies ae ey mch eliable.
— The additional capacity of cement podction at ew
adi plant will ceate new milestones fo the ACC.
— Oeall all atios of the company ae good and
company need to wo with moe efficiency.
— The company is moe dependent on otside͛s fnd.
— Thee is a significant amont of incease in asic
eanings pe shae ,Capital employed ,PAT( pofit afte
tax) ,Opeating Pofit & et ©ales.
% 
— The stdy has taen the data fo a limited peiod of
5yeas i.e., Dec.2005 to Dec.2009 pefomance of
the company.
— The data collected wee mostly seconday in
nate.
— This stdy in condcted within a shot peiod.
Ding the limited peiod, the stdy may not be
etailed, fll fledged and tilization in all aspects.
— Financial acconting does not tae into accont
the pice leel changes.
"" 
— It is sggested that the company has to incease its cent
assets to meet its shot-tem obligations.
— Company has to impoe debtos͛ collection peiod
continosly so that effectie eceiable management will
possible.
— Resees shold be tilized fo the gowth of the company.
— hile foecasting cash flow, the management shold tae into
accont the impact of nfoeseen eents, maet cycles and
actions by competitos.
— Low Inestment in innoatie R&D. Company shold inest
moe in R&D.
— Àanfacting concen eqie moe inestment in capital
goods
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