Action Construction Equipment logo

Action Construction Equipment

ACE NSE

Key Fundamentals

MicrocapCommercial VehiclesAutomobiles
Market Cap
₹12,999 Cr
Volatility
Moderate
P/E Ratio
30.78
EBITDA
₹614 Cr
Return on Equity
20.64%
Debt to Equity
0
Book Value
₹169.45
EPS
₹28.95
52W High
₹1,196
52W Low
₹745.1

Tapetide Score

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

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 40.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%
  • Company has been maintaining a healthy dividend payout of 94.2%

Growth Rate

Revenue Growth
-1.08% lower than 3Y
Net Income Growth
1.44% lower than 3Y
Cash Flow Change
1.28% higher than 3Y
ROE
-18.48% lower than 3Y
ROCE
-19.74% higher than 3Y
EBITDA Margin (Avg.)
2.43% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 25d ago
AI opinion · based on fundamentals
Risk medium

Action Construction Equipment Ltd is a ₹14,095 Cr market-cap company commanding ~63% market share in India's mobile/pick-and-carry crane segment. It trades at a PE of 32.3x and 7.02x book value, with a strong 5-year profit CAGR of 40% and near-zero debt, though TTM revenue and profit growth have decelerated sharply to 5% and 3% respectively.

Bull Case 8
  • Dominant market position with ~63% share in India's mobile crane segment, providing strong pricing power and scale advantages
  • Virtually debt-free balance sheet, having reduced debt significantly — debt-to-equity is negligible, reducing financial risk
  • Excellent 5-year compounded profit growth of 40% CAGR, demonstrating sustained earnings expansion
  • Consistent return on equity averaging 27% over 3 years and 24% over 5 years, well above cost of capital
  • India's crane market is projected to grow at 6-7% CAGR through 2031, supported by government capex budgeted at ₹12.2 lakh Cr for FY27 (11% YoY growth)
  • Q1 FY27 showed strong recovery with 19.5% YoY revenue growth and EBITDA margin expanding to 20.5%, a 428 bps QoQ improvement — best-ever quarterly margin
  • Diversification into defence equipment and tower cranes (38% domestic market share in tower cranes) provides additional growth avenues
  • 5-year compounded sales CAGR of 22% and 10-year sales CAGR of 18% demonstrate long-term revenue scalability
Bear Case 8
  • TTM revenue growth has decelerated sharply to just 5% versus 15% 3-year CAGR and 22% 5-year CAGR, signalling a potential slowdown
  • TTM profit growth of only 3% is a steep decline from the 38% 3-year CAGR, raising questions about near-term earnings momentum
  • Stock trades at 7.02x price-to-book, a premium valuation that leaves limited margin of safety if growth disappoints
  • PE of 32.3x is elevated for a capital goods company with single-digit TTM earnings growth, implying high expectations already priced in
  • Q2 FY26 saw crane and construction equipment volumes decline 18% YoY to 2,348 units, and agriculture segment volumes fell 27% YoY
  • Agriculture segment (~6% of revenue) reported an EBIT loss of ₹1.27 Cr in Q2 FY26 versus ₹2.4 Cr profit in the prior year, showing weakness in the diversification effort
  • Dividend yield of just 0.17% offers negligible income return to shareholders relative to fixed-income alternatives
  • FY26 full-year revenue declined 1.4% YoY to ₹3,280 Cr after growing 14% the prior year, confirming the growth deceleration is not just a one-quarter blip

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

AI News Digest

Anthropic anthropic claude-opus-4.6 25d ago
Positives 1
  • Strong institutional investor interest Aug 10

    ACE is hosting multiple investor/analyst engagements in July-August 2026 including plant visits and meetings with LIC Mutual Fund, Invisage Capital, MAIQ Capital, and Dharohar Capital, signaling sustained institutional attention.

Neutral 4
  • Dharohar Capital plant visit Aug 12 Aug 10

    ACE scheduled a plant visit for Dharohar Capital at its Palwal, Haryana facility on August 12, 2026.

  • LIC MF & Invisage virtual meets Aug 7

    Virtual institutional meetings scheduled for August 10 and 19, 2026 with LIC Mutual Fund Ltd and Invisage Capital.

  • Late-July investor meets scheduled Jul 27

    Virtual one-on-one meetings with institutional investors planned for July 30-31, 2026, plus a plant visit at Dudhola facility on July 27.

  • MAIQ Capital meet in Faridabad Jul 25

    One-on-one institutional meet with MAIQ Capital scheduled for July 28, 2026 in Faridabad.

TL;DR: No operational or financial news emerged in this period — all updates relate to investor and analyst engagement activities. The high frequency of institutional meetings and plant visits through July-August 2026 suggests healthy buy-side interest in ACE. There are no visible headwinds from recent news flow. The lack of business updates makes it difficult to assess fundamental trajectory, but sustained institutional engagement is a mild positive signal for near-term sentiment.

Quarterly Results

Particulars 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

Particulars 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%
139%
137%
—
Figures in ₹ Crores

Balance Sheet

Particulars 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
1,232
Total Liabilities
609
620
677
817
887
954
1,055
1,282
1,600
2,169
2,710
3,251
Fixed Assets
283
315
346
337
341
412
429
452
487
580
716
781
CWIP
7
2
7
5
8
19
13
24
24
44
29
49
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
3,251
Figures in ₹ Crores

Cash Flow

Particulars 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
330
CFO/OP
226
186
204
114
96
70
93
90
154
133
108
114
Figures in ₹ Crores

Ratios

Particulars 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
-26
ROCE %
3%
6%
8%
19%
20%
16%
21%
21%
26%
42%
40%
32%

Insights

Beta

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

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Shareholding Pattern

DIIs2.59%Promot.65.42%Others4.58%FIIs7.82%Public19.58%As ofJun 2026

Documents

Frequently Asked Questions about Action Construction Equipment

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 trades as ACE on the NSE and under code 532762 on the BSE.
Which sector does Action Construction Equipment Ltd belong to?
Action Construction Equipment Ltd is classified under the Automobiles sector, in the Commercial Vehicles industry.
What is the market capitalisation of Action Construction Equipment Ltd?
Action Construction Equipment Ltd has a market capitalisation of ₹12,999 Cr, which places it in the Mid Cap band.
What is the PE ratio of Action Construction Equipment Ltd?
Action Construction Equipment Ltd trades at a PE ratio of 30.78, on earnings per share of ₹28.95, against a book value of ₹169.45 per share.
What is the 52-week high and low of Action Construction Equipment Ltd?
Over the last 52 weeks Action Construction Equipment Ltd has traded between ₹745.1 and ₹1,196.
Does Action Construction Equipment Ltd pay dividends?
Action Construction Equipment Ltd has a dividend yield of 0.18%.
What is the Return on Equity (ROE) of Action Construction Equipment Ltd?
Action Construction Equipment Ltd reported a return on equity of 20.64%. Its debt-to-equity ratio is 0.00.

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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