Action Construction Equipment Ltd logo

Action Construction Equipment Ltd

ACE NSE

Key Fundamentals

MicrocapCommercial VehiclesAutomobiles
Market Cap
₹13,754 Cr
Volatility
Moderate
P/E Ratio
32.38
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

Log in to view Action Construction Equipment Ltd insights

57 extracted metrics + investor summaries across FY14–FY26.

Log in — free

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 7d ago
AI opinion · based on fundamentals
Risk medium

Action Construction Equipment Ltd (ACE) is India's dominant mobile crane manufacturer with 63%+ market share and a virtually debt-free balance sheet. The company delivered 40% profit CAGR over 5 years and 27% 3-year ROE, but TTM revenue growth has decelerated sharply to 5% and the stock trades at a PE of 30.3x on a market cap of ₹13,118 Cr.

Bull Case 8
  • Dominant market position with 63%+ share in pick-and-carry cranes and ~60% share in tower cranes domestically, providing strong pricing power and competitive moat
  • Virtually debt-free balance sheet with near-zero debt-to-equity, giving financial flexibility for capacity expansion without dilution
  • Exceptional 5-year compounded profit growth of 40% CAGR, demonstrating strong operating leverage as the business scales
  • Consistent 3-year ROE of 27% and ROCE of ~37%, well above cost of capital, indicating efficient capital allocation
  • India crane market projected to grow at 6.7% CAGR through 2031 (from USD 1.48 billion in 2025 to USD 2.18 billion), providing secular tailwind from infrastructure spending
  • ICRA credit rating of AA(Stable) reaffirmed, reflecting strong financial profile and business stability
  • Diversified revenue streams across cranes, construction equipment, material handling, and agri equipment segments reduce single-segment dependency
  • Promoter holding stable at 65.42% with zero pledging, signaling strong promoter confidence and alignment
Bear Case 8
  • TTM revenue growth has decelerated sharply to just 5% compared to 15% 3-year CAGR, suggesting near-term demand softness
  • TTM profit growth of only 3% versus 38% 3-year CAGR indicates margin or volume headwinds are emerging
  • Q2FY26 volumes declined 18% YoY in cranes/construction equipment segment (2,348 units vs 2,863 units), showing cyclical vulnerability
  • PE ratio of 30.3x is elevated for a cyclical capital goods company with single-digit near-term growth, leaving limited margin of safety
  • Agriculture segment reported EBIT loss of ₹1.27 Cr in Q2FY26 versus ₹2.4 Cr profit YoY, with volumes down 27% to 526 units
  • Price-to-book of 6.59x is rich for a manufacturing business, implying significant growth expectations already priced in
  • Dividend yield of just 0.18% offers negligible income return, making total returns entirely dependent on capital appreciation
  • High dependence on government infrastructure capex cycle means any slowdown or budget reallocation in public spending directly impacts order flow

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2d ago
Positives 1
  • Q1FY26 PAT up 22% YoY Jul 20

    Consolidated PAT rose to ₹11,949 lakhs in Q1FY26 from ₹9,772 lakhs YoY, a ~22% increase. Revenue from operations stood at ₹78,568 lakhs.

Neutral 2
  • Active institutional investor engagement Aug 10

    ACE scheduled multiple analyst/investor meets and plant visits through July-August 2026 with firms including Dharohar Capital, LIC Mutual Fund, Invisage Capital, and MAIQ Capital.

  • Plant visits at Haryana facilities Jul 27

    The company hosted plant visits at its Dudhola and Palwal facilities in Haryana for institutional investors on Jul 27 and Aug 12, 2026.

TL;DR: ACE delivered solid Q1FY26 earnings with a 22% YoY PAT increase and healthy revenue, signaling continued operational momentum. No material headwinds surfaced in recent news. The company is actively engaging institutional investors through multiple meets and plant visits, suggesting management confidence. The trend appears stable-to-improving, with earnings growth and sustained investor interest as key positives to watch.

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 ₹13754.11 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 32.38. 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

Explore More

More in Automobiles → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List