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Action Construction Equipment Limited
(ACE)
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Rating:79Outperform
Price Target:
₹1,140.00
▲(19.55% Upside)
Action:Upgraded
Date:08/19/26
The score is driven primarily by strong financial performance (high profitability and a very conservative balance sheet), supported by bullish technical trends with the price above all major moving averages and positive MACD. The main restraint is valuation, with a relatively high P/E and minimal dividend yield, plus uneven cash-flow conversion versus net income.
Positive Factors
Conservative balance sheet
Very low leverage reduces refinancing and interest-rate exposure, giving ACE greater resilience if industry conditions weaken. The substantial expansion in equity also indicates retained profitability and provides a stronger internal base for funding assets and future growth.
Negative Factors
Recent revenue contraction
The latest revenue decline indicates that the strong multi-year expansion has not translated into uninterrupted growth. Continued weakness would reduce operating leverage, constrain reinvestment capacity, and make future profitability more dependent on margin performance rather than volume expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage reduces refinancing and interest-rate exposure, giving ACE greater resilience if industry conditions weaken. The substantial expansion in equity also indicates retained profitability and provides a stronger internal base for funding assets and future growth.
Read all positive factors
Action Construction Equipment Limited (ACE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹118.58B
Dividend Yield0.2%
Average Volume (3M)31.56K
Price to Earnings (P/E)27.1
Beta (1Y)1.07
Revenue Growth5.21%
EPS Growth3.32%
CountryIN
Employees1,500
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)36.71
Shares Outstanding119,083,200
10 Day Avg. Volume27,643
30 Day Avg. Volume31,558
Financial Highlights & Ratios
PEG Ratio15.07
Price to Book (P/B)4.43
Price to Sales (P/S)2.72
P/FCF Ratio24.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,510.00Price Target Upside58.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)44.8
Revenue Forecast (FY)₹40.69B
Action Construction Equipment Limited Business Overview & Revenue Model
Company Description
Action Construction Equipment Limited (ACE) specializes in the manufacturing and distribution of material handling and heavy construction machinery, with its primary market being India. The company's business activities are structured into four ma...
How the Company Makes Money
ACE primarily makes money by selling manufactured equipment to customers involved in construction, infrastructure development, industrial operations, and logistics/warehousing. Its core revenue stream is the sale of equipment (i.e., recognized whe...
Action Construction Equipment Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.14B | 32.80B | 33.25B | 29.10B | 21.57B | 16.30B |
| Gross Profit | 10.11B | 8.77B | 9.07B | 7.66B | 5.37B | 4.58B |
| EBITDA | 6.43B | 6.14B | 6.06B | 4.80B | 2.62B | 1.62B |
| Net Income | 4.37B | 4.15B | 4.09B | 3.28B | 1.72B | 1.05B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 32.52B | 27.11B | 21.69B | 16.00B | 12.82B |
| Cash, Cash Equivalents and Short-Term Investments | 6.37B | 6.37B | 4.31B | 4.76B | 2.44B | 1.25B |
| Total Debt | 0.00 | 79.00M | 164.40M | 44.63M | 74.48M | 93.82M |
| Total Liabilities | -20.11B | 12.41B | 10.94B | 9.38B | 6.80B | 5.28B |
| Stockholders Equity | 20.11B | 20.11B | 16.15B | 12.30B | 9.19B | 7.54B |
Cash Flow | ||||||
| Free Cash Flow | -406.10M | 3.71B | 1.91B | 2.58B | 2.00B | 552.70M |
| Operating Cash Flow | 47.40M | 4.64B | 4.12B | 4.33B | 2.74B | 1.04B |
| Investing Cash Flow | -1.17B | -4.10B | -3.83B | -3.68B | -2.18B | -2.01B |
| Financing Cash Flow | 868.20M | -393.00M | -289.90M | -386.56M | -410.07M | 708.00M |
Action Construction Equipment Limited Technical Analysis
Negative
953.60
Price Trends
1150.00
Negative
1083.52
Negative
977.36
Positive
Market Momentum
-46.04
Positive
29.59
Positive
18.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ACE, the sentiment is Negative. The current price of 953.6 is below the 20-day moving average (MA) of 1125.45, below the 50-day MA of 1150.00, and below the 200-day MA of 977.36, indicating a neutral trend. The MACD of -46.04 indicates Positive momentum. The RSI at 29.59 is Positive, neither overbought nor oversold. The STOCH value of 18.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ACE.
Action Construction Equipment Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹118.58B | 27.10 | ― | 0.20% | 5.21% | 3.32% | |
72 Outperform | ₹12.32B | 29.25 | ― | 0.19% | 25.28% | 2.92% | |
72 Outperform | ₹61.26B | 26.90 | ― | ― | ― | ― | |
56 Neutral | ₹1.92B | 12.62 | ― | ― | 1.29% | 19.50% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹78.27B | -13.77 | ― | ― | 8.82% | 6.28% | |
42 Neutral | ₹18.85B | -45.90 | ― | 0.90% | 21.29% | -1171.67% |
* General Sector Average
IN:ACE
Action Construction Equipment Limited
995.75
-104.68
-9.51%
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Action Construction Equipment Limited Corporate Events
ACE Schedules Analyst Meet With Vallum Capital in Faridabad
Sep 26, 2026
Action Construction Equipment Limited, a leading Indian crane and material-handling equipment maker, operates from Haryana with a significant presence in Faridabad and is listed on BSE and NSE. The company caters to infrastructure and construction...
ACE shareholders approve FY26 accounts at 32nd AGM via e-voting
Sep 19, 2026
Action Construction Equipment Limited has reported to the stock exchanges the voting results of its 32nd Annual General Meeting, held on September 18, 2026 via video conferencing and other audio-visual means. The company also submitted the scrutin...
Action Construction Equipment Plans Investor Plant Visit for Dharohar Capital
Aug 10, 2026
Action Construction Equipment Limited has scheduled an investor and analyst plant visit for Dharohar Capital at its facility on Dudhola Link Road in Palwal, Haryana, on August 12, 2026. The visit, disclosed under SEBI’s listing regulations, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.