Action Construction Equipment Ltd logo

Action Construction Equipment Ltd

ACE NSE

Key Fundamentals

MicrocapCommercial VehiclesAutomobiles
Market Cap
₹13,317 Cr
Volatility
Moderate
P/E Ratio
29.83
EBITDA
₹504 Cr
Return on Equity
25.32%
Debt to Equity
0
Book Value
₹168.87
EPS
₹28.95
52W High
₹1,170
52W Low
₹745.1

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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57 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 40.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%

Growth Rate

Revenue Growth
-4.29% ↗
Net Income Growth
2.08% ↘
Cash Flow Change
-4.95% ↘
ROE
-4.99% ↘
ROCE
-3.46% ↘
EBITDA Margin (Avg.)
-15.95% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Action Construction Equipment Ltd (ACE) is a ₹13,246 Cr market-cap company that dominates India's mobile crane (~63% market share) and tower crane (~60% market share) segments. It trades at a PE of 30.1x with a 3-year ROE of ~27% and has delivered 40% profit CAGR over five years, though TTM sales growth has decelerated to 5% and FY26 revenue declined ~1.4% YoY to ₹3,280 Cr.

Bull Case 8
  • Dominant market position with ~63% share in mobile cranes and ~60% in tower cranes domestically, providing pricing power and scale advantages
  • Exceptional 5-year compounded profit growth of 40% CAGR demonstrates strong operating leverage and execution
  • Consistent ROE track record — 27% over 3 years, 24% over 5 years, and 21% over 10 years — well above cost of equity
  • Company is virtually debt-free, giving financial flexibility for capex and cyclical downturns without balance sheet stress
  • 10-year compounded sales CAGR of 18% reflects secular growth tied to India's infrastructure build-out cycle
  • Stock has compounded at 37% CAGR over both 5 and 10 years, reflecting sustained value creation
  • Management has guided for 17–18% operating margins, indicating confidence in sustaining profitability through cycles
  • Diversification into exports and defence segments opens new revenue streams beyond domestic construction
Bear Case 8
  • TTM sales growth has sharply decelerated to just 5% versus the 3-year CAGR of 15%, and FY26 revenue declined ~1.4% YoY to ₹3,280 Cr
  • PE of 30.1x is demanding for a cyclical capital goods company whose earnings growth has slowed to 3% TTM
  • Price-to-book of 6.54x leaves little margin of safety if ROE mean-reverts from current 23% levels
  • Dividend yield of just 0.18% offers negligible income cushion during periods of capital depreciation
  • Revenue is heavily concentrated in cranes (~70% of sales), making the company vulnerable to a slowdown in any single end-market
  • Cyclical nature of construction equipment demand means government capex slowdowns or election-year spending pauses can compress volumes quickly
  • Last year ROE of 23% already shows a decline from the 3-year average of 27%, suggesting potential margin or capital efficiency pressure
  • 1-year stock CAGR of 0% indicates the market has already priced in near-term growth headwinds after the strong multi-year rally

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 1
  • Q1FY26 PAT up 22% YoY Jul 20

    Consolidated PAT rose to ₹11,949 lakhs from ₹9,772 lakhs YoY, a 22% increase. Revenue from operations stood at ₹78,568 lakhs.

Neutral 3
  • Multiple analyst meets scheduled Aug 7

    Virtual investor meetings scheduled with LIC Mutual Fund (Aug 10), Invisage Capital (Aug 19), and other institutional investors through late July and early August 2026.

  • Plant visit at Dudhola facility Jul 27

    Investor and analyst plant visit held on July 27, 2026 at ACE's Dudhola facility in Haryana, signalling active institutional engagement.

  • Q1FY27 earnings call on Jul 21 Jul 14

    Conference call scheduled for July 21, 2026 to discuss Q1FY27 results with key executives participating.

TL;DR: ACE is showing solid earnings momentum with Q1FY26 PAT growing 22% YoY on healthy revenue. No material headwinds are visible in recent newsflow. The company is actively engaging institutional investors through multiple meets and a plant visit, suggesting sustained buyside interest. The trend appears constructive heading into FY27 results season.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
652
673
753
836
734
757
875
961
652
744
855
1,029
786
Expenses
570
584
650
706
636
648
740
797
559
635
725
857
668
Operating Profit
82
89
103
130
99
109
135
164
93
109
130
172
118
OPM %
13%
13%
14%
16%
13%
14%
15%
17%
14%
15%
15%
17%
15%
Other Income
16
17
23
21
28
34
30
8
51
29
36
-6
55
Interest
3
4
6
11
7
9
8
4
8
6
5
3
5
Depreciation
5
5
6
7
7
7
7
7
8
9
9
10
9
PBT
90
97
114
133
112
127
149
161
128
124
152
153
158
Tax %
25%
24%
23%
26%
25%
25%
25%
26%
23%
27%
23%
28%
25%
Net Profit
68
74
88
98
84
95
112
119
98
90
116
111
119
EPS in Rs
5.67
6.21
7.41
8.27
7.07
7.96
9.38
9.96
8.21
7.56
9.78
9.31
10.03
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
599
637
751
1,087
1,343
1,156
1,227
1,630
2,160
2,914
3,327
3,280
3,414
Expenses
580
607
712
995
1,245
1,065
1,108
1,478
1,939
2,510
2,821
2,776
2,885
Operating Profit
19
31
39
92
98
92
119
151
221
404
506
504
529
OPM %
3.1%
4.8%
5%
8%
7%
8%
10%
9%
10%
14%
15%
15%
16%
Other Income
12
10
8
8
10
4
15
11
41
77
100
110
114
Interest
13
14
16
14
12
15
12
10
10
23
29
22
19
Depreciation
10
11
12
12
12
13
14
15
18
23
28
35
36
PBT
8
15
19
74
84
68
108
137
234
434
549
557
587
Tax %
35%
42%
27%
30%
33%
23%
26%
24%
26%
24%
25%
25%
—
Net Profit
5
9
14
52
56
52
80
105
173
328
409
415
437
EPS in Rs
0.67
0.85
1.31
4.44
4.78
4.63
7.03
8.82
14.41
27.56
34.36
34.86
36.68
Div. Payout %
30%
24%
23%
11%
10%
11%
7%
7%
7%
7%
6%
6%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
20
23
23
23
23
23
23
24
24
24
24
24
Reserves
272
259
311
359
414
420
501
730
895
1,206
1,591
1,987
Borrowings
138
154
114
78
53
82
55
31
7
4
16
8
Other Liabilities
180
183
229
356
396
429
477
497
674
934
1,079
1,233
Total Liabilities
609
620
677
817
887
954
1,055
1,282
1,600
2,169
2,710
3,252
Fixed Assets
283
315
346
337
341
412
429
452
487
580
716
782
CWIP
7
2
7
5
8
19
13
24
24
44
29
48
Investments
14
17
18
35
45
28
31
179
349
594
918
1,283
Other Assets
305
286
305
439
493
494
582
627
739
951
1,048
1,138
Total Assets
609
620
677
817
887
954
1,055
1,282
1,600
2,169
2,710
3,252
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
40
57
76
89
72
48
86
104
274
433
412
417
Investing
-14
-25
-17
-35
-27
-20
-16
-201
-218
-368
-382
-350
Financing
-26
-33
-57
-53
-44
-33
-40
71
-41
-39
-29
-52
Net Cash Flow
-1
0
2
1
2
-5
30
-27
16
27
1
15
Free Cash Flow
26
32
61
59
49
10
70
59
238
268
206
331
CFO/OP
226
186
204
114
96
70
93
90
154
133
108
114
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
49
47
51
57
39
47
67
42
29
21
29
32
Inventory Days
119
102
78
69
79
124
113
104
99
100
83
100
Days Payable
98
93
102
112
105
147
141
129
119
124
130
151
Cash Conversion Cycle
70
56
27
14
14
24
39
18
9
-4
-18
-20
Working Capital Days
-17
-19
-10
1
4
2
11
18
-2
-17
-21
37
ROCE %
3%
6%
8%
19%
20%
16%
21%
21%
26%
42%
40%
32%

Shareholding Pattern

As of Jun 2026
Promoters 65.42%
Public 19.58%
FIIs 7.82%
Others 4.58%
DIIs 2.59%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
70.05%
70.05%
66.76%
66.76%
66.76%
66.76%
66.76%
66.76%
66.76%
66.76%
66.76%
66.76%
66.76%
65.41%
65.41%
65.41%
65.41%
65.41%
65.42%
65.42%
65.42%
65.42%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
8.95%
0.00%
9.35%
10.13%
10.48%
11.90%
11.58%
11.44%
10.36%
10.41%
9.58%
7.82%
DIIs
1.43%
1.43%
3.56%
3.58%
3.35%
3.58%
3.32%
3.45%
3.54%
3.46%
2.79%
1.31%
2.21%
1.80%
1.62%
1.75%
1.97%
2.05%
1.82%
1.76%
1.84%
2.59%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
21.98%
20.41%
20.86%
22.85%
21.52%
21.27%
19.54%
20.02%
19.29%
19.02%
17.60%
18.01%
17.91%
18.82%
18.72%
17.33%
17.54%
17.63%
18.20%
18.60%
19.03%
19.58%
Others
6.55%
8.11%
8.82%
6.82%
8.37%
8.39%
10.38%
9.77%
10.42%
10.75%
3.90%
13.92%
3.77%
3.84%
3.76%
3.60%
3.51%
3.46%
4.18%
3.82%
4.13%
4.58%
No. of Shareholders
0
41,110
61,094
79,264
95,010
92,888
92,546
83,820
85,319
88,830
1,04,247
1,14,418
1,31,256
1,74,717
1,82,607
1,62,240
1,66,873
1,71,647
1,81,766
1,81,846
1,81,542
1,83,575

Documents

1
Concall - Aug 2023 Aug 2023
2
Concall - Dec 2017 Dec 2017
3
Concall - Aug 2021 Aug 2021
4
Concall - Aug 2021 Aug 2021
5
Concall - Aug 2023 Aug 2023

Frequently Asked Questions about Action Construction Equipment Ltd

What does Action Construction Equipment Ltd do?
Action Construction Equipment Ltd is engaged in the business of manufacturing and marketing of hydraulic mobile cranes, mobile tower cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, motor graders and agriculture equipment like tract...
Where is Action Construction Equipment Ltd (ACE) listed?
Action Construction Equipment Ltd is listed on the Indian stock exchanges. It is listed on NSE: ACE and BSE: 532762. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Action Construction Equipment Ltd belong to?
Action Construction Equipment Ltd operates in the Automobiles sector within the Commercial Vehicles industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Action Construction Equipment Ltd?
Action Construction Equipment Ltd has a market capitalisation of approximately ₹13317.07 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Action Construction Equipment Ltd?
The Price-to-Earnings (PE) ratio of Action Construction Equipment Ltd is 29.83. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Action Construction Equipment Ltd?
Over the past 52 weeks, Action Construction Equipment Ltd has traded between a low of ₹745.1 and a high of ₹1,170. This range helps investors understand the stock's price volatility and recent trading levels.
Does Action Construction Equipment Ltd pay dividends?
Yes, Action Construction Equipment Ltd has a dividend yield of 0.18%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Action Construction Equipment Ltd?
Action Construction Equipment Ltd has a Return on Equity (ROE) of 25.32%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Action Construction Equipment Ltd on Tapetide?
On Tapetide, you can view Action Construction Equipment Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Action Construction Equipment Ltd is engaged in the business of manufacturing and marketing of hydraulic mobile cranes, mobile tower cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, motor graders and agriculture equipment like tractors, harvesters, rotavators, etc. It was incorporated in 1995 and concluded its IPO in 2006.[1]

Website ace-cranes.com
CEO Mr. Vijay Agarwal MBA
Employees 1,492
Listed 2006-09-26
Face Value ₹ 2
Issued Size 11,90,83,196

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