ACC Share Price History 1992 to 2022
We will give information on the share price of ACC from 1992 until 2022 in this post. Talk about the share price development of ACC throughout time. ACC's pricing history is also shown. The 1992 ACC cement Harshad Mehta fraud is documented in the video linked. Are you ecstatic? Moreover, if you enjoyed reading about the history of the ACC share price, we ask that you tell your friends about it & share it.
About ACC Company
- Founded in: 1936 (86 yrs old)
- India Employee count: 5k-10k
- Global Employee count: 5k-10k
- Headquarters: Mumbai, Maharashtra, India
- Type of Company: Indian MNC
- Ownership: Public
- Registered Name: ACC Limited
- Website: acclimited.com
ACC Limited mixes and pours a solid foundation for India. One of the country's leading manufacturers of cement and ready-mix concrete, ACC supplies its products for use in buildings, bridges, railways, and more. It also makes bulk and blended cement. Operating over a dozen cement plants and about 30 ready-mix concrete plants, the company produces some 20 million tons of cement each year.
ACC's nationwide sales, marketing, and manufacturing operations are supported by a network of more than 9,000 dealers, through which about 80% of its sales are made. Its customers are mainly located in India. The company also provides project management and engineering at cement plants abroad.
ACC Financials Summary
| In Thousands, USD |
TTM30-Jun-2022 | FY 202131-Dec-2021 | FY 202031-Dec-2020 | FY 201931-Dec-2019 |
|---|---|---|---|---|
| EV | 4,036,193 | 4,786,124 | 3,473,809 | 3,390,108 |
| Revenue | 2,190,446 | 2,138,849 | 1,814,083 | 2,176,084 |
| EBITDA | 308,075 | 401,287 | 298,514 | 351,129 |
| Net Income | 179,769 | 251,964 | 192,370 | 195,355 |
| Total Assets | 2,607,891 | 2,826,597 | 2,477,907 | 2,394,715 |
| Total Debt | 15,484 | 16,872 | 13,952 | 0 |
Acc Share Price from 1992 to 2022
| Year | Share price history per the year 1992-2022 |
|---|---|
| 1992 | 128 Rupees |
| 1993 | 146 Rupees |
| 1994 | 188 Rupees |
| 1995 | 221 Rupees |
| 1996 | 166 Rupees |
| 1997 | 143 Rupees |
| 1998 | 129 Rupees |
| 1999 | 111 Rupees |
| 2000 | 272 Rupees |
| 2001 | 181 Rupees |
| 2002 | 178 Rupees |
| 2003 | 168 Rupees |
| 2004 | 299 Rupees |
| 2005 | 371 Rupees |
| 2006 | 580 Rupees |
| 2007 | 1129 Rupees |
| 2008 | 1039 Rupees |
| 2009 | 558 Rupees |
| 2010 | 988 Rupees |
| 2011 | 1089 Rupees |
| 2012 | 1208 Rupees |
| 2013 | 1453 Rupees |
| 2014 | 1121 Rupees |
| 2015 | 1594 Rupees |
| 2016 | 1381 Rupees |
| 2017 | 1441 Rupees |
| 2018 | 1858 Rupees |
| 2019 | 1517 Rupees |
| 2020 | 1578 Rupees |
| 2021 | 1594 Rupees |
| 2022 | 2258 Rupees |
ACC share price in 1992
| Year | ACC share price in 1992 |
| 1992 | Around ₹128 |
ACC's share price in 1992 was around ₹128. During those days scam was done by Harshad Mehta by manipulating the share price of ACC. The share price started increasing dramatically even when the fundamentals of the company were not much strong. In 1992, ACC shares attracted a lot of new investors because of increasing prices and fake hype and demand in the market.
Acc Share price in 2021
| Year | ACC share price in 2021 |
| 2021 | Around ₹1594 |
ACC's share price in 2021 was around 1594 INR. which is almost 15x from the 1992 share price of ACC. this company has performed so well over the period. Manipulation by Harshad created small troubles in the company but later on with time company became strong again and started performing very well.
ACC Share Price in 2020
| Year | ACC share price in 2020 |
| 2020 | Around ₹1578 |
ACC's share price in 2020 was around 1578 INR. The company displayed a strong comeback after covid-19. In 2020, ACC share price dipped to a low of nearly 950 INR on 27 march when the whole Indian stock market was suffering but later on, ACC share price came into recovery mode and hit a high of 1629 INR by the end of 2020. Amazing isn’t it?
ACC Stock Rate in 2010
| Year | Acc stock rate in 2010 |
| 2010 | Around ₹988 |
ACC's share price in 2010 was around 988 rupees. In 2010 ACC share price was around 10x the price of ACC shares in 1992. This cement company has performed very well over the period. the company understood the demand for cement, created its MOAT, and created a whole ecosystem around its product.
ACC's highest Share Price
A high of nearly ₹2490 (Indian currency) was made by ACC between 1992-2022.
ACC's lowest Share Price
A low of nearly ₹75 (Indian currency) was made by ACC between 1992 and 2022.
Company overview- What is ACC?
ACC stands for The Associated Cement Companies Limited and it is one of the largest cement producers in India and stands in 3rd position in manufacturing cement. It was formed on 1st August 1936 in Mumbai by F E Dinsha. In 2004, management control of ACC was taken by the Holcim group which is well known swiss company. ACC is not only one company it is made by merging various companies such as-
- The Indian Cement Co. Ltd.
- The Katni Cement and Industrial Co. Ltd.
- Budhi Portland Cement Ltd.
- The Okha Cement Co. Ltd.
- The Gwalior Cement Company Ltd.
- The Punjab Portland Cement
- The United Cement Co. Ltd.
- The Shahabad Cement Co. Ltd.
- The Coimbatore Cement
- The Dewarkhand Cement Co. Ltd.
- The C. P. Cement Co. Ltd.
The whole above information is taken from the wiki to help our user to gain knowledge about ACC as well as its share price.
Harshad Mehta scam 1992
In 1992, a major scam was conducted by Harshad Mehta by manipulating the ACC share price which results in an increase of ACC share price by 4400% in a few months.
During this share price increased from around 127INR to 9000INR.
Overall this scam was around 5000INR and this was listed as one of the biggest scams in the history of the Indian share market.
Conclusion
The statistics and tables above show information regarding the stock price of ACC between 1992 and 2022. Additionally, the Harshad Mehta scam from 1992 was addressed above to inform our users about the worst fraud in the Indian stock market.
Frequently Asked Questions?
How much did ACC's shares trade for in 1992?
In 1992, the share price of ACC was 127 INR.
Who is ACC's promoter?
The major promoters of ACC are Ambuja Cements, Holderind Investments Ltd., and the Holcim group.
Is ACC a wise investment?
Yes, the firm declared a profit of around 448.16 Crore in Indian rupees in the most recent quarter. Experts predict that ACC's price will be about 2549 INR in 2022.
Is ACC has a big cap?
Yes, Acc is a large-cap corporation having a total market value in Indian rupees of over 37,000 crores.
When did Tata sell ACC?
The Tata Group sold their 7.2% holding in the firm to Ambuja Cement Holdings Ltd, a subsidiary of Gujarat Ambuja Cements Ltd, in 1999, and their remaining stake in the company to Gujarat Ambuja Cements Ltd in 2000.
Is Adani the owner of ACC?
Adani Group announced the acquisition of Holcim's investment in Ambuja (63.19%) and stake in ACC (4.48%; Ambuja directly controls 50% of ACC) in May of this year. On September 9, 2022, Adani Group's open bid for a 26% share in Ambuja/ACC expired.
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