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Action Construction Equipment Ltd

ACE

Action Construction Equipment Ltd

ACE
IndustrialsHeavy Machinery
SmallcapWith a market cap of ₹15,968 cr, stock is ranked 423
High RiskStock is 3.94x as volatile as Nifty
1,416.400.61% (-8.75)
1,416.400.61% (-8.75)

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IndustrialsHeavy Machinery
SmallcapWith a market cap of ₹15,968 cr, stock is ranked 423
High RiskStock is 3.94x as volatile as Nifty

How to use scorecard? Learn more

IndustrialsHeavy Machinery
SmallcapWith a market cap of ₹15,968 cr, stock is ranked 423
High RiskStock is 3.94x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
43.6712.970.15%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
50.667.190.53%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Action Construction Equipment Ltd. is a material handling and construction equipment manufacturing company that operates through segments, including cranes, material handling/construction equipment, and agri equipment.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 17.21%, vs industry avg of 6.89%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 19.12% to 26.61%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 42.39%, vs industry avg of 30.1%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue646.92758.871,094.501,352.241,160.381,242.461,640.362,200.802,990.903,185.55
Raw Materialssubtract442.89532.83770.441,026.71825.99883.221,192.381,579.952,073.122,640.29
Power & Fuel Costsubtract4.494.485.536.615.174.636.117.6310.28
Employee Costsubtract50.9359.1167.6875.1185.6972.1784.8199.76120.66
Selling & Administrative Expensessubtract41.7361.6283.0298.7395.5190.21122.47150.39175.21
Operating & Other expensessubtract66.6253.5868.3737.5952.3157.9472.36101.03131.28
Depreciation/Amortizationsubtract11.3512.0711.9311.7513.0113.9415.4118.0023.2426.44
Interest & Other Itemssubtract14.0115.9613.5311.5214.6612.239.5210.2923.1732.59
Taxes & Other Itemssubtract4.963.8921.9128.1615.5428.2832.2862.14105.78120.56
EPS0.921.314.444.784.557.049.0314.4127.5630.71
DPS0.200.300.500.500.500.500.601.002.002.00
Payout ratio0.220.230.110.100.110.070.070.070.070.07

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2018

Annual report

PDF

Investor Presentation

Dec 8PDF
FY 2021

Annual report

PDF

Investor Presentation

Mar 11PDF
Jan 29PDF
FY 2022

Annual report

PDF

Investor Presentation

Sep 7PDF
Aug 6PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsHeavy Machinery

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Action Construction Equipment Ltd48.6612.970.15%
Isgec Heavy Engineering Ltd44.254.120.27%
Happy Forgings Ltd42.886.460.36%
TIL Ltd8.1865.73—

Price Comparison

Compare ACE with any stock or ETF
Compare ACE with any stock or ETF
ACE
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 1.34%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding65.41%0.34%1.28%10.48%22.48%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep6.50%8.95%8.81%9.35%10.13%10.48%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Action Construction Equipment Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Edelweiss Small Cap Fund - Growth - Direct Plan

Growth
0.2014%0.76%-0.08%59/82 (-2)
Nippon India Nifty Smallcap 250 Index Fund - Growth - Direct Plan

Growth
0.0355%0.29%-0.01%247/294 (+1)
SBI Nifty Smallcap 250 Index Fund - Direct Plan - Growth

Growth
0.0216%0.29%-0.01%237/294 (-3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

ACE has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.15%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.49 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 19, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Aug 19, 2024

Cash Dividend

Ex DateEx DateAug 17, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Aug 17, 2023

Cash Dividend

Ex DateEx DateSep 9, 2022

Final
Final | Div/Share: ₹0.60

Dividend/Share

₹0.60

Ex DateEx Date

Sep 9, 2022

Cash Dividend

Ex DateEx DateAug 25, 2021

Final
Final | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Aug 25, 2021

Cash Dividend

Ex DateEx DateMar 20, 2020

Interim
Interim | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Mar 20, 2020

News & Opinions
Earnings
Action Construction Equipment consolidated net profit rises 28.25% in the September 2024 quarter

Net profit of Action Construction Equipment rose 28.25% to Rs 94.80 crore in the quarter ended September 2024 as against Rs 73.92 crore during the previous quarter ended September 2023. Sales rose 12.40% to Rs 756.69 crore in the quarter ended September 2024 as against Rs 673.24 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales756.69673.24 12 OPM %14.3513.25 - PBDT133.74102.34 31 PBT126.7596.91 31 NP94.8073.92 28 Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Action Construction Equipment to conduct board meeting

Action Construction Equipment will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Broader mkt rallies; PSU banks in demand

The key equity benchmark traded with minor gains in mid-morning trade. The Nifty traded above the 24,550 mark after hitting the day's low of 24,522.95 in mid-morning trade. PSU bank shares advanced for the second consecutive trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, added 52.71 points or 0.07% to 80,489.55. The Nifty 50 index gained 36.75 points or 0.15% to 24,591.75. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 0.55% and the S&P BSE Small-Cap index rallied 1.20%. The market breadth was strong. On the BSE, 2,674 shares rose and 1,163 shares fell. A total of 180 shares were unchanged. Economy: India's forex reserves declined $4.8 billion to $670.119 billion for the week ended August 9, according to the latest RBI data. In the previous reporting week, the country's foreign exchange reserves had increased $7.533 billion to an all-time high of $674.919 billion. For the week ended August 9, foreign currency assets, a major component of the reserves, decreased by $4.079 billion to $587.96 billion. Gold reserves declined by $860 million to $59.239 billion during the week. The special drawing rights (SDRs) were up by $121 million to $18.282 billion. India's reserve position with the IMF increased by $18 million to $4.638 billion in the reporting week, the central bank data showed. IPO Update : The initial public offer (IPO) of Interarch Building Products received 27,40,704 bids for shares as against 46,91,585 shares on offer, according to stock exchange data at 11:15 IST on Monday (19 August 2024). The issue was subscribed 0.58 times. The issue opened for bidding on Monday (19 August 2024) and it will close on Wednesday (21 August 2024). The price band of the IPO is fixed between Rs 850 to Rs 900 per share. An investor can bid for a minimum of 16 equity shares and in multiples thereof. Buzzing Index : The Nifty PSU bank index added 1.58% to 6,952.10. The index gained 2.62% in the two consecutive trading sessions. Punjab & Sind Bank (up 3.68%), Central Bank of India (up 3.05%), Canara Bank (up 2.25%), Union Bank of India (up 2.2%), UCO Bank (up 2.13%), Bank of Baroda (up 2.12%), Bank of Maharashtra (up 1.63%), Punjab National Bank (up 1.62%), Indian Overseas Bank (up 1.43%) and Bank of India (up 1.42%) edged higher. Stocks in Spotlight : Action Construction Equipment (ACE) added 1.93% after the company announced that it has been awarded with an order for supplying forklifts and cranes from the Ministry of Defence (MoD). The company would be supplying 285 numbers for special forklifts and 6 numbers of rough terrain cranes with 30 tonne Lifting capacity to MoD. DCX Systems was locked in an upper circuit of 5% after the company informed that it has received orders worth Rs 107.08 crore from domestic and overseas customers. Veranda Learning Solutions rose 0.61%. The company said that it has partnered with Jumeira University Connect, the training arm of Jumeira University, to introduce a Chartered Accountancy (CA) preparation course for students in the UAE. Global Markets : Asian stocks traded mixed on Monday as investors weighed optimism about a US economic soft landing against concerns over the global growth outlook. Expectations of cooling inflation and a potential easing cycle by the Federal Reserve buoyed sentiment. However, investors remained cautious ahead of key US economic data this week and Federal Reserve Chair Jerome Powell's speech on Friday. In Asia, market participants will closely monitor central bank meetings in Indonesia and South Korea for potential rate adjustments. Thailand's policy decision is particularly awaited given uncertainties surrounding the new government's economic plans. US stocks rebounded from earlier losses to close higher on Friday, as a report showing improved consumer sentiment boosted investor confidence. The Dow Jones Industrial Average rose 0.24%, the S&P 500 climbed 0.20% and the Nasdaq Composite gained 0.21%. The University of Michigan's gauge of consumer sentiment rose to 67.8 in a preliminary August reading, up from 66.4 in the prior month. It is the first gain after four months of declines. Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
ACE edges higher after bagging equipment supply contract from Defence Ministry

The company would be supplying 285 numbers for special forklifts and 6 numbers of rough terrain cranes with 30 tonne Lifting capacity to MoD. Action Construction Equipment (ACE) is an established and reputed brand with a significant presence across diversified sectors like construction, infrastructure, manufacturing, logistics and agriculture. The company's consolidated net profit rose 24.62% to Rs 84.18 crore on a 12.68% increase in sales to Rs 734.26 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Action Construction Equipment wins prestigious order from Ministry of Defence

Action Construction Equipment has been awarded with a prestigious order for supply of 285 numbers for Special Forklifts and 6 numbers of Rough Terrain Cranes with 30 tonne Lifting capacity from Ministry of Defence (MoD).Powered by Capital Market - Live

3 months agoCapital Market - Live

31 promising midcap, smallcap stock ideas from manufacturing sector

4 months agoBusiness Today
Expecting Biggest Order From Defence In Q2 Or Q3 Of This Fiscal: Action Construction Equipment
4 months agoCNBC-TV18

Action Construction Equipment Q1 results: PAT grows 24% to Rs 84.57 cr

4 months agoBusiness Standard

Action Construction Equipment consolidated net profit rises 24.62% in the June 2024 quarter

4 months agoBusiness Standard
Earnings
Action Construction Equipment consolidated net profit rises 24.62% in the June 2024 quarter

Net profit of Action Construction Equipment rose 24.62% to Rs 84.18 crore in the quarter ended June 2024 as against Rs 67.55 crore during the previous quarter ended June 2023. Sales rose 12.68% to Rs 734.26 crore in the quarter ended June 2024 as against Rs 651.61 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales734.26651.61 13 OPM %13.4312.53 - PBDT118.8494.75 25 PBT111.9989.54 25 NP84.1867.55 25 Powered by Capital Market - Live

4 months agoCapital Market - Live