You've probably seen the tickers flashing. If you’re tracking the acc cement share value today, you’re looking at a price sitting right around ₹1,755.60 on the NSE as of mid-January 2026. It’s up about 1.6% from yesterday’s close of ₹1,728.10.
But honestly? The daily price movement is just noise compared to what's happening behind the scenes.
The big story right now isn't just a number on a screen. It's the fact that ACC—a name that’s basically been synonymous with Indian construction for a century—is about to disappear as a standalone listed entity. Earlier this month, on January 12, 2026, the Adani Group officially moved to merge ACC and Orient Cement into Ambuja Cements.
This isn't just some boring paperwork. It’s a massive play to create a single, unified cement giant.
The real state of the stock right now
Let’s get into the weeds. Over the last year, if you held ACC, you probably didn't have the best time. The stock is down about 11.7% over the past 12 months. It’s been a bit of a grind. While the Sensex has been hitting 83,000+ levels, cement stocks have been "fatigued," as the analysts like to say.
Why the lag?
Well, the whole industry is basically in an arms race. Everyone is adding capacity. We're talking about an industry-wide addition of nearly 175 million tons over the next two years. When everyone builds more factories, the price of a bag of cement usually stays flat because there's just too much of it.
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Yet, ACC’s recent earnings were kinda shocking. In Q2 FY26, their revenue jumped 28% to ₹5,932 crore. Even crazier? Their net profit surged by 460% year-on-year to ₹1,119 crore.
Wait. If the profit is up 460%, why is the acc cement share value down 11% for the year?
Market psychology is weird. Investors are nervous about the "lumpy" capacity additions coming in 2026. They're also waiting to see the final share swap ratios for the Ambuja merger. When a company merges, the stock often stops moving on its own merits and starts mimicking the parent company’s price.
Understanding the ACC and Ambuja Merger Dynamics
So, here's the deal. Ambuja Cements is the parent. ACC is the subsidiary. Now, they're becoming one.
Adani’s strategy is basically "efficiency or death." They aren't just buying companies; they’re trying to squeeze every paisa out of the supply chain. They’re using a "Master Supply Agreement" (MSA) where ACC gets renewable power from Ambuja’s 1,000 MW projects.
This dropped ACC’s power costs from ₹6.54 to ₹5.95 per kWh recently. That might sound like pennies, but when you're grinding millions of tons of limestone, those pennies turn into hundreds of crores in profit.
What happens to your shares?
If you own ACC right now, you won't own it forever. The merger involves a share swap. This means for every "X" number of ACC shares you hold, you’ll eventually get "Y" number of Ambuja Cements shares.
- Streamlined Operations: No more duplicate boards, duplicate marketing teams, or duplicate logistics.
- Tax Benefits: Merging these entities allows the group to offset gains and losses much more effectively.
- Market Power: Together, they are chasing UltraTech for the #1 spot in India.
The risk? Consolidation can be messy. Cyril Amarchand Mangaldas is advising on the deal, but legal hurdles or shareholder dissent over swap ratios can sometimes cause a temporary dip in the acc cement share value.
Is the dividend still a thing?
If you’re an income investor, you probably know ACC for its steady, albeit small, payouts. In June 2025, they paid out ₹7.5 per share. Looking ahead to 2026, there’s an expected ex-dividend date around June 15, likely for another ₹7.5.
But let’s be real—at a 0.43% yield, nobody is retiring on ACC dividends. You buy this stock for the infrastructure story, not the quarterly check.
The Infrastructure "X-Factor"
India is building. Hard.
Between the Pradhan Mantri Awas Yojana (affordable housing) and massive highway projects, the demand for cement is expected to grow by 7% this year. The government is basically the biggest customer.
However, there’s a catch.
Southern India is struggling. Capacity utilization there is stuck at around 60%. ACC has a pan-India presence, but if you’re looking at the acc cement share value, you have to realize that the company is currently "sweating its assets." They are trying to run their plants at higher capacities to lower the cost per ton.
They also recently faced a ₹23 crore tax penalty from the I-T department. It’s a drop in the bucket for a company with a market cap of ₹32,000+ crore, but it’s the kind of thing that makes retail investors twitchy.
Performance Snapshot (Real Numbers)
| Metric | Value (Approx.) |
|---|---|
| Current Price | ₹1,755.60 |
| 52-Week High | ₹2,119.90 |
| 52-Week Low | ₹1,687.00 |
| P/E Ratio | ~9.9 |
| Debt-to-Equity | 0.02 (Basically debt-free) |
Looking at that P/E ratio of under 10, the stock looks cheap. Like, really cheap. Most cement companies trade at much higher multiples. But again, the market is pricing in the merger uncertainty.
What should you actually do?
If you’re looking at the acc cement share value as a short-term trade, it’s a gamble on the merger news. If the swap ratio is favorable, the stock pops. If it’s seen as "pro-Ambuja," ACC might trade sideways or dip.
For the long term? The company is debt-free. It has a Crisil AAA rating. It’s part of a group that is obsessed with scale.
Actionable Next Steps:
- Watch the Swap Ratio: Keep a close eye on the official announcement regarding how many Ambuja shares you’ll get. That is the only number that matters for your wallet right now.
- Check the Q3 Results: The next set of earnings will show if they can maintain that 14.3% EBITDA margin despite the industry-wide price pressure.
- Monitor Input Costs: Watch the price of imported petcoke. ACC managed to reduce kiln fuel costs by 10% recently, which was a huge driver of their profit jump.
- Evaluate Your Portfolio Weight: Since ACC will become Ambuja, check if you already have a large exposure to Adani stocks. You don't want to accidentally over-concentrate in one group after the merger goes through.
The cement industry in 2026 is a game of efficiency. ACC is no longer just a cement company; it’s a component in a massive industrial machine. Whether you like the Adani style or not, the operational numbers suggest they are making the "old" ACC much more profitable than it ever was under Holcim.