Action Const Equip Share Price
ACE
Action Const Equip Share Price Chart
About Action Const Equip
Action Const Equip Financials
Market cap ₹16,856 Crs | Open ₹1,416.35 | Close ₹1,416.40 |
Circuit range ₹1,699.65 - ₹1,133.15 | Day range ₹1,403.10 - ₹1,452.80 | Year range ₹780.00 - ₹1,695.00 |
Volume 2,80,530 | Avg. traded ₹1,430.29 | Revenue (12m) ₹3,080 Crs |
Action Construction Equipment (ACE) Limited is a major player in the construction engineering and industrial equipment manufacturing sector. The company is primarily engaged in manufacturing of material handling and construction equipment in India. ACE Limited enjoys a dominant position in the mobile cranes and tower cranes segment.
ACE Ltd was established in 1995. Initially, the company introduced hydraulic cranes in India. In 2005, ACE Constructions turned into a public limited company and it was renamed as Action Construction Equipment (ACE) Limited.
In 2006, the company was among the fastest-growing construction equipment companies in India. In 2007, its Cyprus subsidiary FRESTED Ltd acquired a 73.9% stake in a Romanian company via SC FORMA SA-Romania. In 2008, the company signed a memorandum of understanding (MoU) with a Chinese firm.
In 2009-10, the company started manufacturing tractors and developed advanced technology for big tower cranes. In 2011, the company launched a new construction equipment model, 15XW E. It introduced a new generation of pick-and-carry crane models for the material handling market.
In later years, ACE Limited kept adding new equipment models to their product range. In 2015, the company launched India’s first topless tower crane this year. In 2022, the company launched India’s first electric mobile crane.
ACE Limited’s market capitalisation stood at over ₹13,600 crore, as of February 8, 2024. ACE share price has surged more than 600% in the last three years.
ACE Limited business operations
ACE Limited operates in the field of infrastructure, construction, heavy engineering and industrial projects across the country. The company’s construction and industrial equipment portfolio includes mobile/fixed tower cranes, crawler cranes, truck mounted cranes, lorry loaders, backhoe loaders/loaders, vibratory rollers, forklifts, tractors and harvesters.
ACE Limited’s operations are spread across 37 countries outside India. The company caters to more than 16,000 regular customers from the construction and material handling sectors. The sales network of ACE Limited spans over 100 locations in India alone.
The company has manufacturing facilities in Delhi and Haryana. The production capacity of these facilities is over 12,000 construction equipment and 9,000 tractors annually. The company runs its operations through 21 regional offices and 200 agri dealers across the country. The company also offers high-mobility truck cranes for off-terrain and heavy-lifting applications.
Financial highlights
- The company’s revenue from operations stood at ₹2,159.68 crore in FY23 as against ₹1,629.58 crore in FY22.
- Its EBITDA (earnings before interest, tax, depreciation and amortisation) increased 62% year-on-year to ₹262 crore in FY23.
- The company’s operating profit margin improved to 10.42% in FY23 as against 9.34% in FY22.
- The company’s profit after tax (PAT) in FY23 increased to ₹173 crore compared to ₹105 crore in FY22.
- Its earnings per share (EPS) increased to ₹14.41 in FY23 as against ₹9.02 in FY22.
Action Const Equip Key indicators
52 week high ₹1,695.00 | 52 week low ₹780.00 | P/E ratio 46.12 |
P/B ratio 12.2 | ROE 30.79% | ROCE 42.67% |
Dividend yield 0.14% | Debt/Equity ratio | EPS 27.51 |
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Analyst ratings:
Analyst ratings:
100%
Hold
0%
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This analysis is based on the reviews of 1 experts in the last 7 days
Action Const Equip Fundamentals
Action Const Equip Financial Ratios
Operating profit margin16.46% | Net profit margin11.25% |
ROE30.79% | ROA17.05% |
ROCE42.67% |
Quick ratio0.79 | Current ratio1.33 |
Interest coverage19.72 | Asset turnover1.51 |
Debt to Equity0 |
P/E ratio46.12 | P/B ratio12.2 |
EV / EBITDA35.24 | |
Dividend yield0.14% |
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Revenue statement
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Balance sheet
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Action Const Equip Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Dec 6 2024 | ₹1,430.00 | ₹1,416.40 | -0.61% |
Thu, Dec 5 2024 | ₹1,344.00 | ₹1,425.15 | |
Wed, Dec 4 2024 | ₹1,359.00 | ₹1,341.80 | -1.17% |
Tue, Dec 3 2024 | ₹1,360.00 | ₹1,357.70 | |
Mon, Dec 2 2024 | ₹1,288.50 | ₹1,354.00 | |
Fri, Nov 29 2024 | ₹1,290.00 | ₹1,308.10 | |
Thu, Nov 28 2024 | ₹1,294.00 | ₹1,287.65 | -0.36% |
Wed, Nov 27 2024 | ₹1,261.00 | ₹1,292.25 |
Events
Corporate actions
Dividend • ₹2/share
Ex date 19 Aug 2024
Dividend • ₹1/share
Ex date 17 Aug 2023
Dividend • ₹0.6/share
Ex date 09 Sep 2022
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