Agricultural, Commercial & Construction Vehicles
Valuation | |
|---|---|
| Market Cap | 10.29 kCr |
| Price/Earnings (Trailing) | 24.32 |
| Price/Sales (Trailing) | 3.08 |
| EV/EBITDA | 16.78 |
| Price/Free Cashflow | 67.14 |
| MarketCap/EBT | 18.24 |
| Enterprise Value | 10.4 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -3.7% |
| Price Change 1M | 8.8% |
| Price Change 6M | -12.3% |
| Price Change 1Y | -30.7% |
| 3Y Cumulative Return | 32.3% |
| 5Y Cumulative Return | 40.2% |
| 7Y Cumulative Return | 41.6% |
| 10Y Cumulative Return | 37.1% |
| Revenue (TTM) |
| 3.34 kCr |
| Rev. Growth (Yr) | -1.6% |
| Earnings (TTM) | 422.75 Cr |
| Earnings Growth (Yr) | 4.2% |
Profitability | |
|---|---|
| Operating Margin | 17% |
| EBT Margin | 17% |
| Return on Equity | 23.72% |
| Return on Assets | 14.14% |
| Free Cashflow Yield | 1.49% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -382.69 Cr |
| Cash Flow from Operations (TTM) | 411.98 Cr |
| Cash Flow from Financing (TTM) | -28.99 Cr |
| Cash & Equivalents | 23.86 Cr |
| Free Cash Flow (TTM) | 190.98 Cr |
| Free Cash Flow/Share (TTM) | 16.04 |
Balance Sheet | |
|---|---|
| Total Assets | 2.99 kCr |
| Total Liabilities | 1.21 kCr |
| Shareholder Equity | 1.78 kCr |
| Current Assets | 1.49 kCr |
| Current Liabilities | 1.18 kCr |
| Net PPE | 743.08 Cr |
| Inventory | 612.28 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.04 |
| Debt/Equity | 0.08 |
| Interest Coverage | 23.92 |
| Interest/Cashflow Ops | 14.94 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2 |
| Dividend Yield | 0.23% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Profitability: Recent profitability of 13% is a good sign.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 32.3% return compared to 12.8% by NIFTY 50.
Size: Market Cap wise it is among the top 20% companies of india.
Balance Sheet: Strong Balance Sheet.
Technicals: SharesGuru indicator is Bearish.
Profitability: Recent profitability of 13% is a good sign.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 32.3% return compared to 12.8% by NIFTY 50.
Size: Market Cap wise it is among the top 20% companies of india.
Balance Sheet: Strong Balance Sheet.
Technicals: SharesGuru indicator is Bearish.
Investor Care | |
|---|---|
| Dividend Yield | 0.23% |
| Dividend/Share (TTM) | 2 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 35.53 |
Financial Health | |
|---|---|
| Current Ratio | 1.27 |
| Debt/Equity | 0.08 |
Technical Indicators | |
|---|---|
| RSI (14d) | 44.22 |
| RSI (5d) | 28.68 |
| RSI (21d) | 61.71 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of Action Construction Equipments's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Action Construction Equipment Limited (ACE) provided an optimistic outlook during the Q3 FY '26 earnings call, emphasizing a positive shift in the industry's operational environment. Key forward-looking points from management include:
Growth Forecast: Management anticipates a favorable market dynamic influenced by timely project awards, improved execution, and increased government spending. They project a stable demand environment bolstered by the India EU FTA and proposed U.S. tariffs benefiting Indian manufacturing.
Infrastructure Spending: The Indian government's budget for FY '27 includes a capital expenditure (capex) of INR 12.21 lakh crores, which represents an 11.5% year-on-year increase. This is expected to significantly enhance infrastructure and manufacturing capabilities, underpinning ACE's growth.
Revenue Outlook: ACE projects a flat top line for the current year, though an improved margin profile compared to FY '25 is expected. Management aims for revenues to remain around INR 3,300 crores to INR 3,400 crores this year, anticipating further growth in FY '27 and target revenues of INR 6,000 to INR 7,000 crores by FY '29 or FY '30.
Operational Capacities: The company holds a capacity of approximately INR 5,500 crores, and they are confident in utilizing this capacity to support growth initiatives without needing external capital.
Product Innovations: ACE plans to expand its portfolio with new technology-focused equipment, including enhanced safety features in its cranes, which are expected to drive sales and improve margins, particularly with evolving market needs post-CEV V norms.
Expectations on Defense and Exports: Management targets a contribution of around 10-15% from defense and export sectors in the coming years, with projections of defense revenue rising to 4-5% next fiscal year.
In summary, management expresses strong confidence in ACE's positioning for growth driven by governmental support and increasing infrastructure investments while navigating the competitive landscape effectively.
Understand Action Construction Equipments ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| VIJAY AGARWAL | 28.76% |
| MONA AGARWAL | 24.65% |
| SORAB AGARWAL | 6.15% |
| SURBHI GARG | 5.82% |
| POLAR CAPITAL FUNDS PLC-EMERGING MARKET STAR FUND | 1.94% |
| MASSACHUSETTS INSTITUTE OF TECHNOLGY | 1.84% |
| Chander Bhatia | 1.26% |
Detailed comparison of Action Construction Equipments against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| LT | Larsen & Toubro | 6.03 LCr | 2.83 LCr | +16.30% | +33.70% | 37.06 | 2.13 | - | - |
| ESCORTS | Escorts Kubota | 38.24 kCr | 11.59 kCr |
Comprehensive comparison against sector averages
ACE metrics compared to Agricultural,
| Category | ACE | Agricultural, |
|---|---|---|
| PE | 24.32 | 41.32 |
| PS | 3.08 | 3.84 |
| Growth | 0.7 % | 11.1 % |
Action Construction Equipment Limited is a prominent company in the construction vehicles sector, trading under the stock ticker ACE. With a market capitalization of Rs. 14,363.8 Crores, it specializes in manufacturing and selling a wide range of material handling and construction equipment primarily within India.
The company operates through several key segments, including:
Their extensive product offerings include:
In addition to these, Action Construction Equipment Limited also provides agricultural equipment like tractors, track harvesters, balers, and rotavators. The company has rental services for tower cranes, motor graders, soil compactors, and tandem rollers.
The company serves a diverse range of sectors, including infrastructure construction, power projects, ports and shipyards, dams, metro rail, roads, mining, steel industries, engineering, railways, cement, petroleum, defense, chemicals, fertilizer plants, warehousing, logistics, and building construction.
Incorporated in 1995 and headquartered in Palwal, India, Action Construction Equipment has demonstrated impressive financial performance, reporting a trailing 12 months revenue of Rs. 3,314.8 Crores and a profit of Rs. 389.1 Crores over the past four quarters. The company has experienced a remarkable revenue growth of 108% in the past three years.
Action Construction Equipment also values its investors, distributing dividends with a yield of 0.18% per year, having returned Rs. 2 per share over the last twelve months.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
ACE vs Agricultural, (2021 - 2026)
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Here's a detailed summary of key Q&A exchanges from the earnings call transcript for Action Construction Equipment Limited:
Question: "What are you seeing in terms of the competition from the Chinese players? Are you seeing any kind of increase in their intensity in terms of more imports from China in the crane category?"
Answer: Yes, Chinese competition has been aggressive, particularly in the excavator market where they captured about 20-25% in five years. For cranes under 35 tons, India is self-sufficient; we don't face much competition. However, for larger cranes, the Chinese have heavily penetrated the market with low prices and attractive credit terms. We have sought antidumping duties, but they are yet to be notified due to the Finance Ministry's busy schedule.
Question: "Considering both the improving industry environment and increasing Chinese competition, how do you see the growth outlook for FY '27 and FY '28?"
Answer: We expect positive year-on-year growth in our core mobile crane business despite some competition in heavier cranes. Last year was slow, mainly due to prebuying and geopolitical factors, but the sentiment has improved significantly. We're optimistic about being in positive territory.
Question: "What is our current peak revenue capacity and how fast can we ramp up?"
Answer: Our current capacity is over INR 5,000 crores, potentially reaching INR 5,500 to INR 6,000 crores with some adjustments. Currently, we are at around INR 3,300-3,400 crores in revenue. By FY '29 or early FY '30, we aim for INR 6,000 to INR 7,000 crores.
Question: "What are the expectations for our defense and export capabilities?"
Answer: We aim for a combined 15% revenue from defense and exports, with around 10% growth coming from exports this year. We have INR 500-550 crores in defense orders to be executed, and we expect defense contributions to rise to about 4-5% next year.
Question: "Can you elaborate on the impact of the new Construction and Infrastructure Equipment scheme from the budget?"
Answer: This PLI scheme aims to boost domestic manufacturing of construction equipment, particularly for items reliant on imports. It focuses on enhancing production in areas like crawler cranes and piling rigs, targeting machinery currently not widely produced in India.
Question: "What margins do you expect for construction and agricultural equipment moving forward?"
Answer: Construction equipment margins are currently high at around 20%, with plans to maintain or improve that with increased volumes. Agricultural margins were lower at around 4-5%, but we aim to increase them to 12-15% over the coming years.
Question: "Can you provide guidance on overall revenue growth for FY '26?"
Answer: We anticipate flattish to marginally positive growth in value terms for FY '26, but a slight decline in volume is expected. We expect to recover this in the subsequent year.
Question: "What will be the contribution of defense orders to overall revenue?"
Answer: We foresee defense contributing about 4-5% next year, with some government orders expected soon, including heavy recovery vehicles.
These responses encapsulate the company's position, expectations, and strategic planning related to market dynamics and their operational capabilities.
| ANURADHA GARG | 0.04% |
Distribution across major stakeholders
Distribution across major institutional holders
| -4.40% |
| +9.90% |
| 15.72 |
| 3.3 |
| - |
| - |
| BEML | BEML | 14.21 kCr | 4.23 kCr | +1.70% | +30.00% | 57.07 | 3.36 | - | - |
| GREAVESCOT | Greaves Cotton | 3.76 kCr | 3.31 kCr | -1.70% | -40.60% | 34.57 | 1.14 | - | - |
| TIL | TIL | 1.76 kCr | 338.79 Cr | +11.00% | +30.90% | -151.65 | 5.2 | - | - |
| 22.8% |
| 152 |
| 124 |
| 128 |
| 161 |
| 149 |
| 127 |
| Total profit before tax | 22.8% | 152 | 124 | 128 | 161 | 149 | 127 |
| Current tax | 58.3% | 39 | 25 | 28 | 50 | 35 | 31 |
| Deferred tax | -160.2% | -3.56 | 8.57 | 1.63 | -8 | 2.9 | 1.34 |
| Total tax | 3% | 35 | 34 | 30 | 42 | 38 | 32 |
| Total profit (loss) for period | 29.2% | 116 | 90 | 98 | 119 | 112 | 95 |
| Other comp. income net of taxes | 5.3% | -0.08 | -0.14 | 0 | -0.4 | 0 | 0.38 |
| Total Comprehensive Income | 29.2% | 116 | 90 | 98 | 118 | 112 | 95 |
| Earnings Per Share, Basic | 33.6% | 9.78 | 7.57 | 8.21 | 9.97 | 9.38 | 7.97 |
| Earnings Per Share, Diluted | 33.6% | 9.78 | 7.57 | 8.21 | 9.96 | 9.38 | 7.96 |
| 15.3% |
| 137 |
| 119 |
| 98 |
| 84 |
| 72 |
| 86 |
| Finance costs | 27.3% | 29 | 23 | 10 | 14 | 12 | 15 |
| Depreciation and Amortization | 22.7% | 28 | 23 | 18 | 15 | 14 | 13 |
| Other expenses | 12.3% | 411 | 366 | 300 | 86 | 74 | 85 |
| Total Expenses | 12.7% | 2,877 | 2,554 | 1,961 | 1,507 | 1,134 | 1,092 |
| Profit Before exceptional items and Tax | 25.5% | 543 | 433 | 219 | 138 | 108 | 68 |
| Total profit before tax | 25.5% | 543 | 433 | 219 | 138 | 108 | 68 |
| Current tax | 28.4% | 141 | 110 | 58 | 35 | 27 | 17 |
| Deferred tax | 43.6% | -1.9 | -4.14 | 0.22 | -2.28 | 1.62 | -1.37 |
| Total tax | 31.4% | 139 | 106 | 58 | 32 | 28 | 16 |
| Total profit (loss) for period | 23.2% | 404 | 328 | 161 | 106 | 80 | 53 |
| Other comp. income net of taxes | 8% | -0.27 | -0.38 | 0.03 | -0.35 | 0.76 | -0.14 |
| Total Comprehensive Income | 23.3% | 403 | 327 | 161 | 106 | 81 | 52 |
| Earnings Per Share, Basic | 24.1% | 33.92 | 27.52 | 13.54 | 9.1 | 7.06 | 4.58 |
| Earnings Per Share, Diluted | 24.1% | 33.91 | 27.52 | 13.54 | 9.1 | 7.06 | 4.58 |
| 6.5% |
| 723 |
| 679 |
| 562 |
| 555 |
| 496 |
| 468 |
| Capital work-in-progress | 51.9% | 42 | 28 | 48 | 44 | 55 | 24 |
| Investment property | 0% | 15 | 15 | 16 | 16 | 11 | 12 |
| Non-current investments | 12.7% | 622 | 552 | 402 | 234 | 188 | 146 |
| Total non-current financial assets | 12.5% | 631 | 561 | 411 | 245 | 205 | 181 |
| Total non-current assets | 7.7% | 1,483 | 1,377 | 1,096 | 899 | 774 | 692 |
| Total assets | 10.8% | 2,978 | 2,687 | 2,304 | 2,155 | 1,860 | 1,585 |
| Borrowings, non-current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total non-current financial liabilities | 654.9% | 6.05 | 0.09 | 0.16 | 0.22 | 0.38 | 0.47 |
| Provisions, non-current | 15% | 4.14 | 3.73 | 3.53 | 3.15 | 2.94 | 2.63 |
| Total non-current liabilities | 170% | 28 | 11 | 17 | 13 | 17 | 17 |
| Borrowings, current | 915.4% | 133 | 14 | 114 | 3.88 | 60 | 6.21 |
| Total current financial liabilities | -6.8% | 956 | 1,026 | 745 | 733 | 659 | 528 |
| Provisions, current | -9.1% | 4.3 | 4.63 | 4.17 | 3.8 | 3 | 2.48 |
| Current tax liabilities | -61.6% | 7.14 | 17 | 15 | 6.99 | 4.56 | 0 |
| Total current liabilities | 8.9% | 1,175 | 1,079 | 915 | 923 | 808 | 659 |
| Total liabilities | 10.4% | 1,203 | 1,090 | 932 | 936 | 825 | 676 |
| Equity share capital | 0% | 24 | 24 | 24 | 24 | 24 | 24 |
| Total equity | 11.2% | 1,775 | 1,597 | 1,372 | 1,220 | 1,035 | 909 |
| Total equity and liabilities | 10.8% | 2,978 | 2,687 | 2,304 | 2,155 | 1,860 | 1,585 |
| 1.34 |
| 0.73 |
| 0 |
| 0 |
| - |
| - |
| Net Cashflows from Operations | -0.4% | 535 | 537 | 348 | 142 | - | - |
| Income taxes paid (refund) | 30.7% | 133 | 102 | 62 | 33 | - | - |
| Net Cashflows From Operating Activities | -7.4% | 402 | 434 | 286 | 109 | - | - |
| Proceeds from sales of PPE | 59.6% | 15 | 9.77 | 15 | 3.95 | - | - |
| Purchase of property, plant and equipment | 19.7% | 208 | 174 | 77 | 38 | - | - |
| Purchase of investment property | - | 0 | 0 | 0 | 148 | - | - |
| Purchase of intangible assets | - | 0 | 0 | 0 | 1.95 | - | - |
| Proceeds from sales of long-term assets | - | 61 | 0 | 0 | 0 | - | - |
| Purchase of other long-term assets | - | 10 | 0 | 0 | 0 | - | - |
| Dividends received | 23.3% | 0.54 | 0.4 | 0.07 | 0 | - | - |
| Interest received | 221.4% | 46 | 15 | 8.44 | 1.13 | - | - |
| Other inflows (outflows) of cash | 102.9% | 1.61 | -19.96 | -25.35 | -19.03 | - | - |
| Net Cashflows From Investing Activities | -1% | -371.74 | -368.1 | -245.99 | -201.84 | - | - |
| Proceeds from issuing other equity instruments | - | 0 | 0 | 0 | 132 | - | - |
| Payments to acquire or redeem entity's shares | - | 4.46 | 0 | 0 | 0 | - | - |
| Payments of other equity instruments | -122.4% | 0 | 5.47 | 0 | 0 | - | - |
| Proceeds from exercise of stock options | - | 1.08 | 0 | 0 | 0 | - | - |
| Proceeds from borrowings | 45.2% | 926 | 638 | 508 | -46.61 | - | - |
| Repayments of borrowings | 43% | 916 | 641 | 531 | 0 | - | - |
| Payments of lease liabilities | - | 0.17 | 0 | 0 | 0.26 | - | - |
| Dividends paid | 109.1% | 24 | 12 | 7.15 | 5.67 | - | - |
| Interest paid | -35.3% | 12 | 18 | 10 | 14 | - | - |
| Net Cashflows from Financing Activities | 23.9% | -28.94 | -38.35 | -40.71 | 65 | - | - |
| Net change in cash and cash eq. | -100.4% | 0.89 | 28 | -0.44 | -27.38 | - | - |
Analysis of Action Construction Equipments's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Cranes, Material Handling and Construction Equipment | 89.2% | 765.2 Cr |
| Agriculture Equipment | 10.8% | 92.7 Cr |
| Total | 857.9 Cr |