ACE

Action Construction Equipment share price & financials

Price
₹987.4
Market cap
₹12.4k Cr
Sector
Capital Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 21 Jul 2026

Action Construction Equipment Limited Q1 FY27

EBITDA ₹170.58 cr +20%EBITDA Margin 20.4% PAT ₹118.59 cr +22%PAT Margin 14.18%

What went well

  • Total income grew by approximately 19% YoY to INR 836 crores, demonstrating strong top-line growth.
  • EBITDA margin expanded by 12 basis points to 20.40%, reflecting operational efficiency.
  • Profit After Tax (PAT) increased by 22.47% YoY to INR 118.59 crores, with PAT margin at 14.18%.

What to watch

  • Domestic economy is unpredictable, and the global operating environment is increasingly uncertain.
  • Escalating geopolitical tensions, volatility in energy markets, firm steel prices, elevated freight costs, and inflationary pressures continue to add to cost volatility and supply chain uncertainty.
Read the full call →

What Action Construction Equipment Limited does

Action Construction Equipment manufactures cranes (pick & carry, rough terrain, crawler, truck-mounted and tower), material handling and construction equipment (backhoe loaders, telehandlers, vibratory rollers, motor graders, access platforms, forklifts, piling rigs), and agricultural equipment (tractors, track harvesters). It sells to customers across Infrastructure, Construction, Manufacturing, Logistics, Defence and Agriculture end-markets, manufacturing at its Dudhola (Haryana) complex and distributing through an in-country sales and service network plus exports. It has also entered a 50:50 joint venture with Japan's KATO Works Co., Ltd to build a dedicated heavy-cranes platform (truck, crawler and rough terrain cranes) combining ACE's manufacturing/distribution base with KATO's crane technology.

Segments

  • Cranes, Material Handling & Construction Equipment
  • Agri Equipment
Global market position
World's largest Pick & Carry crane manufacturer, with presence in over 37 countries
Domestic market leadership
Market leader in India's Mobile Cranes and Tower Cranes segments
Sales & service network
125+ service locations across India, supported by 13 regional offices
Export footprint
Exports to over 37 countries across the Middle East, Africa, Asia and Latin America
Product range
16 equipment categories spanning cranes, material handling, construction and agricultural equipment
Permanent employees
1492
Founded 1995Headquarters Dudhola Link Road, Dudhola, Distt. Palwal-121102, Haryana, IndiaEmployees 1,492 (2025-03-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 1 delivered 6 missed 10 open
  • FY26 EBITDA Margin Band delivered said Q4 FY25 Promised: 17-18% Q1 FY27: Target for FY26 was achieved. No new updates as the target period has passed.
  • Medium Term Revenue Target missed said Q3 FY25 Promised: Double FY23 revenue by FY26 Q1 FY27: Target for FY26 was missed. No new updates as the target period has passed.
  • Defence Order Execution delayed said Q1 FY26 Promised: Start execution in Q3 FY26 Q1 FY27: Execution of the large defense order, previously expected in Q1 FY27, is now slated to begin in August (Q2 FY27), marking a further delay.

All 17 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 20.6%, net profit up 21.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue757 875 961 652 744 −2%855 −2%1,029 +7%786 +21%
EBITDA109 135 164 93 109 +0%130 −4%172 +5%118 +27%
Net profit95 112 119 98 90 −5%116 +4%111 −7%119 +21%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +0.3% 1Y

₹0.8k₹0.9k₹1.0k₹1.1k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 4 Feb 2026Q4 FY26 — 21 May 2026Q1 FY27 — 21 Jul 2026

1Y: ₹1,125.9 on 10 Sept 2025 → ₹1,129. High ₹1,184.8 (18 Aug 2026), low ₹748.95 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+4.4%
21 Jul
Q4 FY26
−3.3%
21 May
Q3 FY26
+1.0%
4 Feb
Q2 FY26
−4.7%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 14.9% a year over 3 years, FY23 to FY26. Operating margin widened to 15.4%.

Year endingFY23FY24FY25FY26
Revenue₹2.2k Cr₹2.9k Cr₹3.3k Cr₹3.3k Cr
Operating profit₹221 Cr₹404 Cr₹507 Cr₹504 Cr
Operating margin10.2%13.9%15.2%15.4%
Interest₹10 Cr₹24 Cr₹28 Cr₹22 Cr
Depreciation₹18 Cr₹23 Cr₹28 Cr₹36 Cr
Net profit₹173 Cr₹328 Cr₹410 Cr₹415 Cr
Net margin8.0%11.3%12.3%12.7%
Cash from operations₹274 Cr₹433 Cr₹412 Cr₹417 Cr
Free cash flow₹238 Cr₹268 Cr₹206 Cr₹331 Cr
ROCE26.0%42.0%40.0%32.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹23 Cr₹24 Cr₹24 Cr₹24 Cr₹24 Cr₹24 Cr
Reserves₹501 Cr₹730 Cr₹895 Cr₹1.2k Cr₹1.8k Cr₹2.0k Cr
Borrowings₹55 Cr₹31 Cr₹7 Cr₹4 Cr₹143 Cr₹8 Cr
Other liabilities₹477 Cr₹497 Cr₹674 Cr₹934 Cr₹1.1k Cr₹1.2k Cr
Total liabilities₹1.1k Cr₹1.3k Cr₹1.6k Cr₹2.2k Cr₹3.0k Cr₹3.3k Cr
Fixed assets₹429 Cr₹452 Cr₹487 Cr₹580 Cr₹761 Cr₹782 Cr
Capital work in progress₹13 Cr₹24 Cr₹24 Cr₹44 Cr₹42 Cr₹48 Cr
Investments₹31 Cr₹179 Cr₹349 Cr₹594 Cr₹1.1k Cr₹1.3k Cr
Other assets₹582 Cr₹627 Cr₹739 Cr₹951 Cr₹1.1k Cr₹1.1k Cr
Total assets₹1.1k Cr₹1.3k Cr₹1.6k Cr₹2.2k Cr₹3.0k Cr₹3.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −3.62 pp while the public added +3.10 pp. The shareholder count grew 7% to 1,83,575.

Promoters
65.4%
FIIs
7.8%
DIIs
2.6%
Public
24.1%
Others
0.1%

Since Jun 2025

  • FIIs −3.62 pp
  • Public +3.10 pp
  • DIIs +0.54 pp

How it drifted, 12 quarters

Over this window the public went from 21.5% to 24.1% — +2.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 66.8%, FIIs 9.0%, DIIs 2.8%, Public 21.5%, Others 0.0%.Dec '23: Promoters 66.8%, FIIs 8.8%, DIIs 2.6%, Public 21.8%, Others 0.1%.Mar '24: Promoters 66.8%, FIIs 9.3%, DIIs 2.2%, Public 21.6%, Others 0.1%.Jun '24: Promoters 65.4%, FIIs 10.1%, DIIs 1.8%, Public 22.6%, Others 0.1%.Sep '24: Promoters 65.4%, FIIs 10.5%, DIIs 1.6%, Public 22.4%, Others 0.1%.Dec '24: Promoters 65.4%, FIIs 11.9%, DIIs 1.8%, Public 20.9%, Others 0.1%.Mar '25: Promoters 65.4%, FIIs 11.6%, DIIs 2.0%, Public 21.0%, Others 0.1%.Jun '25: Promoters 65.4%, FIIs 11.4%, DIIs 2.0%, Public 21.0%, Others 0.1%.Sep '25: Promoters 65.4%, FIIs 10.4%, DIIs 1.8%, Public 22.3%, Others 0.1%.Dec '25: Promoters 65.4%, FIIs 10.4%, DIIs 1.8%, Public 22.4%, Others 0.1%.Mar '26: Promoters 65.4%, FIIs 9.6%, DIIs 1.8%, Public 23.1%, Others 0.1%.Jun '26: Promoters 65.4%, FIIs 7.8%, DIIs 2.6%, Public 24.1%, Others 0.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Action Construction Equipment Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Vijay Agarwal 28.76%unchanged
Mrs. Mona Agarwal 24.65%unchanged
Mr. Sorab Agarwal 6.15%unchanged
Mrs.Surbhi Garg 5.82%unchanged
Massachusetts Institute Of Technology Endowment1.84%unchanged
Chander Bhatia 1.26%unchanged
Mrs. Anuradha Garg 0.04%unchanged
Polar Capital Funds Plc-Emerging Market Star Fund —off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in ACE

Filings to Aug 2026

0 new, 4 added, 2 trimmed, 0 sold out — net +0.01 L shares (+1.0%).

Held by funds
₹13 Cr
6 schemes
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹7 Cr · 0.2% of that fund
SchemeHoldingLast month
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹7 Cr+0.01 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹4 Cr+0.00 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
Nippon India Nifty 500 Quality 50 Index Fund Nippon India Mutual Fund₹0 Cr−0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 2 trimmed — net +1,126 shares (+1.0%)

Funds are sitting on
-23%
vs est. average cost
Held by funds
₹13 Cr
6 schemes · ≈ 0.09% of the company
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹7 Cr · 0.2% of that fund

Shares held by these funds −85%

Dec '22 1.14 L shares Jul '26

What the price assumes

Attractive

To justify its price of ₹1129, this stock must grow earnings at 23% every year for 7 years. Our analysis caps realistic growth at ~34%. At that growth it is worth ₹1949 — upside of 73%.

Growth the price implies
23.2% a year
for 7 years, fading to 4%
It has actually compounded at
33.9% a year
net profit, FY23–FY26 · EPS 34.3%
The gap
-0.1 pp
73% downside if it only repeats history
Price today ₹1,129 Value at the reference growth ₹1,948.82

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Action Construction Equipment Limited

Guides on how to read this kind of business and the numbers that matter.