We will give information about the ACC share price in 1992 to 2023 in this article. Talk about the share price trend of ACC over time. ACC’s price history is also included.
ACC’s price history is also included. The business was founded in Mumbai. The company makes structural and light fabrications, refractories, heavy gear, cement plant equipment, and cement.
The Company engaged in the modernization of the more facility to produce high-value refractory intermediates. The oldest and biggest cement firm in India is ACC.
About ACC (Associated Cement Companies)
On August 1st, 1936, the company was founded in Mumbai, Maharashtra. ACC Limited, an Indian cement manufacturer with its corporate office in Mumbai, was formerly known as The Associated Cement Companies Limited.
It is a unit of the Adani Group and a subsidiary of Ambuja Cements. The Associated Cement Companies Limited became ACC Limited on September 1st, 2006.
ACC was formed by the merger of several businesses, including:
- The Indian Cement Co. Ltd.
- The Katni Cement and Industrial Company 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 Dewar Khand Cement Co. Ltd.
- The C. P. Cement Co. Ltd.
According to Wikipedia
ACC Company Overview
| Company Name | ACC Limited |
| Share/Stock Price | Rs. 1880.40 (as of 10-Feb-2023) |
| Founded | 1936 |
| official website | www.acclimited.com |
| Revenue | 17,419 crores (2022) |
| Head Quarter | Mumbai, India |
| Market Cap | 35,980 crores |
| 52 Week High/Low | 2,785/1,695.90 |
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The demand for Cement in India
- Rural housing 28%-30%
- Infrastructure 22%-23%
- Urban housing: tire two and cities 18%
- Low-cost housing 12%-13%
- Commercial and industrial capex 10%-12%
- Urban housing: metros and tire-one cities 8%
History of ACC Share Price in 1992 to 2023
| Year | ACC Share price in 1992-2023 |
| 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 | 1,089 Rupees |
| 2012 | 1,208 Rupees |
| 2013 | 1,453 Rupees |
| 2014 | 1,121 Rupees |
| 2015 | 1,594 Rupees |
| 2016 | 1,381 Rupees |
| 2017 | 1,441 Rupees |
| 2018 | 1,858 Rupees |
| 2019 | 1,517 Rupees |
| 2020 | 1,578 Rupees |
| 2021 | 1,594 Rupees |
| 2022 | 2,258 Rupees |
| 2023 | 2,029 Rupees |
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ACC share price in 1992 – Scam by Harshad Mehta
By manipulating the ACC share price in 1992, Harshad Mehta pulled off a significant swindle that caused the ACC share price to rise by 4400% in a matter of months.
The share price rose over this time from approximately 127 INR to 9000 INR.
One of the largest scams in the history of the Indian stock market, this one totaled almost 5000 INR.
ACC share price in 1992
The cost of ACC share price in 1992 was ₹128 Harshad Mehta perpetrated the scam back then by inflating the share price of ACC. Despite the company’s weaker-than-ideal fundamentals, the share price began to rise sharply. Due to escalating market prices, fake demand, and growing ACC share prices in 1992, its stock attracted a large number of new investors.
| Year | ACC share price in 1992 |
| 1992 | 128 Rupees |
ACC share price in 1994
ACC share price in 1994 was ₹188. The Company and Yanbu Cement Company signed a Memorandum of Understanding (MOU) for the administration, operation, and maintenance of the existing 1.2 million TPA cement plant at Yanbu for a term of three years beginning in March 1996.
The Company planned to invest 123 crores of rupees to completely update its outdated Lakheri & Kymore factory utilising dry process technology.
| Year | ACC share price in 1994 |
| 1994 | 188 Rupees |
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ACC share price in 2010
2010 saw an acc share price of almost 988 rupees. The price of an ACC share in 1992 was almost 10 times what it was in 2010. The performance of this cement company has been excellent throughout time. The company constructed its MOAT in it and built an entire ecosystem around its product after seeing the demand for cement.
On January 4, 2010, the Kudithini Cement Grinding Plant in Karnataka was officially opened. 1.1 MTPA of Portland Slag Cement may be produced by it.
The FICCI Award for Outstanding Corporate Vision Triple Impact Business Performance is given to ACC. Social and environmental action and globalization in 2009–10: a first-time recipient of a special award
| Year | ACC share price in 2010 |
| 2010 | 988 Rupees |
ACC share price in 2020
2020 saw an average share price of Acc of 1578 INR. Following COVID-19, the company made a remarkable return. When the entire Indian stock market was struggling in 2020, the price of ACC shares fell to a low of about 950 INR on March 27.
However, the price of ACC shares eventually began to recover, reaching a high of 1629 INR by the year’s end. Incredible, isn’t it?
| Year | ACC share price in 2020 |
| 2020 | 1578 Rupees |
ACC share price in 2021
The price of an ACC share in 2021 was roughly 1594 INR, which is nearly 15 times the price of an ACC share price in 1992. Over the years, this business has done incredibly well. Harshad’s manipulation caused a few minor issues in the company, but over time the company recovered and began to function quite effectively.
| Year | ACC share price in 2021 |
| 2021 | 1594 Rupees |
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ACC share price in 2022
The price of an ACC share in 2022 was roughly 2258 INR. ACC was named one of the “Top 25 Coolest Workplaces in India” by Business Today. ACC Gold Water Shield Cement received the Efficient Solution Label from Solar Impulse Foundation.
ACC Trust’s DISHA Skill Development Program won the 19th FICCI CSR Awards in 2021. The National Conclave on Mines & Minerals 2021 gave ACC’s five mines a 5 Star rating.
| Year | ACC share price in 2022 |
| 2022 | 2258 Rupees |
F.A.Q
What was the ACC share price in 1992?
In 1992, the share price of ACC was 127 INR.
Who is the promoter of ACC?
The major promoters of ACC are Ambuja Cements, Holderind Investments Ltd., and the Holcim group.
Is ACC a good buy?
Yes, the company declared a profit of about 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 a large cap Company?
Yes, Acc is a large-cap corporation having a total market value in Indian rupees of over 37,000 crores.
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Conclusion
ACC Limited, an Indian cement manufacturer, was founded in 1936 and is now a subsidiary of Ambuja Cements and a unit of the Adani Group.
Over the years, ACC has undergone several mergers with other companies, becoming one of the largest and oldest cement firms in India.
The share price of ACC has seen a significant increase over the years, with a price of 128 Rupees in 1992 to 2,029 Rupees in 2023.
However, in 1992, the ACC share price was manipulated by Harshad Mehta, causing a scam that was one of the largest in Indian stock market history.
Despite this, ACC has continued to perform well, with its share price steadily increasing over time.
With the demand for cement in India continuing to grow, ACC is well-positioned for continued success in the future.
