VP Cyclicals 2.0: Cement Industry Key Issues & Cyclicality

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Find enclosed my working on calculation of ACC return since listing. It may provide good insight of growth over the years and wealth creation by the company.

ValuePickr - Chintan Baithak 2019 Indian Equities Market Past Return

Another one, Giant and among the oldest company of Cement sector ACC. Find enclosed my working for investor who hold share (including bonus but not participating in rights) in ACC which got listed on BSE on 21-10-1937. Over 1937-2019 (82 years), the minority shareholder XIRR (including dividend) were 9.2%. Net profit growth CAGR during 1937-2019 period was around 9.8%. So return of the company moved in line net profit growth over the years. What was noteworthy that during the period, there wer…