Company was incorporated in 1942 in a garage on Foras road, Bombay as a “The Asian Oil & Paint Company”. Company is India’s largest paint company and ranks among the top ten decorative coating companies in the world. Asian Paints operates in 22 countries and has 29 paint manufacturing facilities in the world-servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International, Apco Coatings and SCIB Chemicals. The company also formed a 50:50 joint venture with Pittsburgh Paints and Glass Industries (PPG) of USA.

ACC Limited is India's foremost cement manufacturer with a countrywide network of factories and marketing offices. Established in 1936, ACC has been a pioneer and trend-setter in cement and concrete technology. Among the first companies in India to include commitment to environment protection as a corporate objective, ACC has won accolades for environment friendly measures taken at its plants and mines, and has also been felicitated for its acts of good corporate citizenship. ACC is the most preferred cement brand name in India. ACC is now part of the worldwide Holcim Group.

According to reports, KRChoksey recommended hold rating on Ambuja Cements aiming at Rs 140, on the 28th of July 2011, as Ambuja Cement Ltd net revenues was at Rs 2173.3 crore, an increase of 6.1% year on year from Rs 2047 crore in the second quarter of 2010 as well as a rise of 1.5% on a quarterly basis.

Also, the dispatch for the quarter was 5.29 mn tonnes from 5.41 mn tonnes the previous year, which was a fall by 2.2% year on year and a drop of 6.8% on quarterly basis.

UltraTech Cement's (UTCEM) Q1FY12 results were significantly ahead of our estimates as better realisations and lower overhead costs aided profit growth. Blended realisations grew 5.5% sequentially to Rs4.4k/mt and were 3% above estimates. Net sales on a proforma basis grew 9.5% YoY to Rs44bn. EBITDA margins expanded 400bps sequentially on reduction in employee and other expenditure. On a proforma basis net profits were up 22.5% YoY to Rs6.8bn as against our estimate of Rs4.6bn.

It has been revealed in a recent report that the construction giant Birla Corp is of the view of increasing their production capacity for cement. This has come as a recent development, including a number of other reforms that are in line for the firm. They have also decided to invest a sum of Rs. 35-40 bn for the purpose of further expansions in the business in the next few years to come.

UltraTech Cement's (UTCEM) Q4FY11 results were ahead of expectation as better realisations and tax write-back boosted profits. While quarterly volumes crossed the 10mn mt mark, blended realisations grew 10.2% QoQ to Rs4.2k/mt. Revenues stood at Rs45.6bn. Contrary to expectations of an increase, power & fuel costs declined which in tandem with better realisations led to a sequential doubling in adjusted profits to Rs6.1bn as against our estimate of Rs5.1bn. A tax write back of Rs1.2bn further boosted reported profits to Rs7.3bn.

Mumbai, April 26 : Cement major ACC Ltd Tuesday reported a 10.86 percent decline in its net profit for the quarter ended March 31, which stood at Rs. 350.17 crore as against Rs. 392.9 crore for the corresponding period of last year, mainly due to increased input and transportation costs.

"While the company's operations benefited from better volumes, realisations remained challenged by steep escalations in input costs," the company said in a regulatory filing.

Technical analyst Nishant Jain of Tradeswift Broking has maintained 'buy' rating on ACC Limited stock to achieve a target of Rs 1045.

The analyst said that the stock can be purchased with a stop loss of Rs 1010.

The stock of the company, on March 22, closed at Rs 1023.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1133.45 and a low of Rs 700 on BSE.

Current EPS & P/E ratio stood at 59.68 and 17.41 respectively.

Technical analyst Hitendra Vasudeo is bullish on Ambuja Cements Limited and has maintained 'buy' rating on the stock.

According to the analyst, the interested investors can buy the stock with a target of Rs 134.60.

He said that if the stock market remains positive, the next target for the day will be Rs 139.60.

Mr. Vasudeo said that the stock can be purchased with a stop loss of Rs 129.

The stock of the company, on March 17, closed at Rs 132.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 166.50 and a low of Rs 100 on BSE.

Current EPS & P/E ratio stood at 8.11 and 16.36 respectively.

The budget move to restructure excise duty on cement may increase retail costs by around Rs 10-12 per 50 kg bag and increase the construction rate. The administration's verdict has arrived at a time when the cement business has been finding it hard to conquer the diminishing demand and growing input cost.

Mrs. Vinita Singhania, President, Cement Manufacturers Association, stated that the budget has been a disappointment and was further heightened when the Finmin declared the steps as assistance to the cement business.

The cement industry has suffered due to over supply and substantial rise in costs. Cement demand is expected to pick up in the current quarter and continue until the onset of monsoon, giving price flexibility to manufacturers. Although all is still not well for the sector, the intense pain of Q2FY11 appears to be behind us.

Technical analyst Somil Mehta of Sharekhan maintained 'buy' rating on Ambuja Cements Limited stock with a target of Rs 135.

According to analyst, the investors can buy the stock with a stop loss of Rs 114.

The stock of the company, on February 09, closed at Rs 118.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 166.50 and a low of Rs 100 on BSE.

Current EPS & P/E ratio stood at 8.11 and 14.74 respectively.

Ambuja Cement's (ACEM) operational results for the quarter were broadly inline with our estimates with a PBT of Rs2.6bn. However, a tax write back of Rs371mn as well as a lower tax rate for the year helped the company post a profit of Rs2.6bn well ahead of our estimate of Rs1.7bn. A 15% sequential growth in cement volumes countered a drop in realisations and aided a 25bps expansion in margins to 19.3%.

ACC's Q4CY10 operating results were significantly below our estimates with a margin of 16.3% as against our estimate of 23%. Although volumes picked up during the quarter, up 18.5% sequentially, realisations continued to suffer declining 2.5% YoY. This alongwith increase in employee expenses led to an 857bps YoY contraction in margins. A tax write back of Rs820mn helped the company post a net profit of Rs2.6bn.

Shree Cement’s (SRCM) Q3FY11 results were disappointing with drop in realisations and negligible power sales wiping out profits. Average cement realisations slumped 13% YoY to Rs2.8k/mt, while EBITDA/mt halved to Rs590. Margins contracted 1,844bps YoY to 20.3% as against our estimate of 22.8%. Higher capital charges resulted in PBT of Rs77mn. A tax write back enabled the company post a net profit of Rs275mn as against our estimate of Rs699mn.

Technical analyst Rajesh Agarwal of Eastern Financiers Ltd maintained 'hold' rating on Ambuja Cements Limited stock with a target of Rs 145.

According to analyst, the investors can buy the stock with a stop loss of Rs 126.

Today, the stock of the company opened at Rs 131 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 166.50 and a low of Rs 98.05 on BSE.

Current EPS & P/E ratio stood at 8.04 and 16.09 respectively.

UltraTech Cement’s (UTCEM’s) Q3FY11 results were marginally above expectation with the company reporting a profit ofRs3.2bn, as against our estimate of Rs3.05bn. Pickup in realisations in key Southern markets and higher contribution from the white cement business helped expand margins sequentially by 610bps to 19.6%. Results are not comparable on a YoY basis as Samruddhi Cement was merged with the company effective 1st July 2010. However, on a proforma financial for the combined entity, PAT declined 36% fromRs5.0bn in Q3FY10.

Technical analyst Kunal Saraogi has maintained 'buy' rating on Ambuja Cements Limited stock with a target of Rs 160.

According to analyst, the investors can purchase the stock with a stop loss of Rs 141.

The stock of the company, on December 27, closed at Rs 143.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 166.50 and a low of Rs 98.05 on BSE.

Current EPS & P/E ratio stood at 8.04 and 18 respectively.

Technical analyst A Simi Bhaumik has maintained 'buy' rating on ACC Limited stock with an intra-day target of Rs 1090.

The analyst said that the stock can be purchased with a stop loss of Rs 1048.

The stock of the company, o December 15, closed at Rs 1065.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1133.45 and a low of Rs 700 on BSE.

Current EPS & P/E ratio stood at 60.98 and 17.48 respectively.

Technical analyst Rahul Mohinder has maintained 'hold' rating on ACC Limited with a trailing stop loss of Rs 950.

Mr. Mohinder said that the stock will show good upmove on crossing its resistance of Rs 1030.

Today, the stock of the company opened at Rs 1354on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1381.40 and a low of Rs 668.70 on BSE.

Current EPS & P/E ratio stood at 44.89 and 29.55 respectively.