Action Construction Equipment Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ACE, BSE:532762 Action Construction Equipment Ltd.

Action Construction Equipment Ltd.

10 Nov 2020

1159.70

1.27%

Action Construction Equipments

Buy: Action Construction Equipm...

Recommendation Target

ICICI Securities Limited

ACE's Q2FY21 performance was outright better than our estimates and management guidance. Underperformance of crane segment was largely due to unexpected supply chain constraints faced by the company due to which ACE lost 10-15% of revenue during the quarter. Nonetheless, upbeat numbers in material handling & agri equipment segment aided overall margins and bottomline. Revenue for the quarter was at | 268.3 crore, flat YoY. Gross margins fell ~180 bps YoY due to higher input costs. However, cost rationalisation efforts led to a decline of 15% & 27% in employee & other...

Action Construction Equipment Ltd. is trading below its 150 day SMA of 1170.0

Action Construction Equipment Ltd.

14 Aug 2020

1159.70

1.27%

Action Construction Equipments

Hold: Action Construction Equipm...

Recommendation Target

ICICI Securities Limited

Action's Q1FY21 performance was dire as the company registered a loss. Crane segment (~70% of revenue in FY20) was the worst hit due to standstill in infrastructure activities. Revenue for the quarter was at | 100.9 crore, down 65.6% YoY. Crane segment revenue was at | 49.8 crore, down 77% YoY. Total crane volumes were at ~299 units vs. ~1316 units in Q1FY20. Gross margins expanded ~160 bps YoY on account of lower input costs & trade purchases. However, unabsorbed fixed overheads led ACE to report an EBIDTA loss of | 3 lakh. On the expenses side, employee expenses...

Action Construction .. has an average target of 1435.00 from 2 brokers.

Action Construction Equipment Ltd.

18 Jun 2020, 12:00AM

1159.70

1.27%

Action Construction Equipments

Buy: Action Construction Equipm...

Target

ICICI Securities Limited

Given the recent events, ACE is likely to face headwinds in the short to medium term on account of sluggish demand and low capacity utilisation. At present, ACE is trading at 6.5x FY22E EV/EVITDA, with most of the near term uncertainty priced in the stock. Going ahead, market leadership in the pick & carry' cranes (>60% market share) with a healthy balance sheet, foreseeable improvement in working capital, growing agri and construction equipment segment is expected to augur well for the company in the long term. However, short & medium term pain is expected to weigh on...

Action Construction Equipment Ltd. has gained 21.27% in the last 1 Month

Action Construction Equipment Ltd.

06 Feb 2020

1159.70

1.27%

Action Construction Equipments

Buy: Action Construction Equipm...

Target

ICICI Securities Limited

Action Construction (ACE) reported a weak Q3FY20 performance wherein topline, EBITDA, PAT de-grew 20.2%, 13.8%, 15.1%, respectively, YoY. Headwinds in the cranes, tractors and material handling segment led to topline de-growth. EBITDA margins expanded ~58 bps YoY to 7.7% largely on the back of lower input cost. Overall, EBITDA, PAT were at | 22.4 crore, | 12.6 crore, respectively. Softened demand for cranes led revenue of cranes segment to fall 21.2% YoY to | 196.4 crore driven by ~31% decline in volume sold to ~1211 units. Construction equipment grew 14.5% YoY while...

Action Construction Equipment Ltd.'s price crossed above 100Day SMA today

Action Construction Equipment Ltd.

07 Aug 2019

1159.70

1.27%

Action Construction Equipments

Buy: Action Construction Equipm...

Recommendation Target

ICICI Securities Limited

Demand pickup, new products to drive future growth A sharp slowdown in macro environment has impacted the sale of cranes, which contribute ~72% of ACE's topline and ~81% of overall EBIT, thereby resulting in weak operational performance for Q1FY20 as well. The company has been hit by higher inventory levels as it had expected the infrastructure and industrial markets to rebound post elections. However, markets have continued to remain sluggish. Inventory levels are expected to revert to normal levels over the next couple of quarters. On the positive front, there...

Action Construction Equipment Ltd.'s price crossed above 100Day SMA today

Action Construction Equipment Ltd.

20 May 2019

1159.70

1.27%

Action Construction Equipments

Hold: Action Construction Equipm...

Recommendation Target

ICICI Securities Limited

Action Construction (ACE) reported a weak Q4FY19 performance wherein topline, EBITDA, PAT de-grew 18.5%, 37.8%, 43.1% respectively, YoY. The topline mainly got impacted by cranes & tractors i.e. agri-equipment segment. EBITDA margins declined ~250 bps YoY to 7.9% largely due to impact of higher steel prices (COGS, up ~260 bps YoY) while higher employee expenses were offset by lower other operational expenses. Overall, EBITDA, PAT were at | 23.9 crore, | 12.2 crore, respectively. Softened demand for cranes led revenue for cranes segment down 15.1%...

Action Construction Equipment Ltd. has gained 21.27% in the last 1 Month

Action Construction Equipment Ltd.

14 Feb 2019

1159.70

1.27%

Action Construction Equipments

Buy: Action Construction Equipm...

Target

ICICI Securities Limited

Action Construction Equipment (ACE) reported a weak Q3FY19 performance wherein revenues grew ~30% YoY to | 362.6 crore mainly driven by robust growth in cranes & tractors i.e. agriequipment segment EBITDA margin fell ~250 bps YoY to 7.2% largely due to impact of higher steel prices (COGS, up ~460 bps YoY), offset by operational efficiencies due to incremental demand growth. EBITDA was at | 26 crore, down 4.1% YoY. PAT de-grew 9.4% YoY to | 14.9 crore Cranes segment recorded revenue of | 249.2 crore growing 34.6%...

Action Construction Equipment Ltd.'s price crossed above 100Day SMA today

Action Construction Equipment Ltd.

31 Oct 2018

1159.70

1.27%

Action Construction Equipments

Buy: Action Construction Equipm...

Target

ICICI Securities Limited

EBITDA margins declined 70 bps YoY to 6.2% largely due to impact of higher raw material expense (+50 bps YoY), dollar appreciation (~15% of raw material costs are imported) and oneoff provision of | 4 crore. PAT grew 13% YoY to | 12.4 crore Cranes segment recorded revenue of | 246.3 crore growing 50.6% YoY driven by ~42% increase in volume sold to 1,624 units. Demand stayed strong for forklifts (235 units) and backhoe loaders (80 units) in Q2FY19. EBIT margins declined 76 bps YoY to 8.1% for the cranes segment. Revenue from the agri equipment...

Action Construction Equipment Ltd. is trading above its 100 day SMA of 1156.8

Action Construction Equipment Ltd.

29 Aug 2018

1159.70

1.27%

ACTION CONSTRUCTION EQUIPMENT LTD

Buy: Action Construction Equipm...

Joindre Capital Services

ACCE is a leading manufacturer of mobile cranes (63% market share) and tower cranes (60%) in India. ACCE also caters to a large clientele base, (with over 15000 customers) which includes major Indian as well as international players such as Reliance, L&T;, BSES, BHEL, Gammon, NCC, Gujarat Ambuja, IISCO, Simplex, Coal India, etc & its products are used in sectors like infrastructure, construction, roads, engineering, coal mines, chemical and fertilizer plants, power stations, ports, heavy project engineering,...

Action Construction Equipment Ltd. is trading above its 100 day SMA of 1156.8

Action Construction Equipment Ltd.

07 Aug 2018

1159.70

1.27%

Action Construction Equipments

Buy: Action Construction Equipm...

Target

ICICI Securities Limited

Action Construction Equipment (ACE) reported a solid Q1FY19 wherein revenues grew ~78% YoY to | 336.2 crore partly driven by higher realisation profile, robust growth across all segments. EBITDA margin improved 300 bps YoY to 8.0% largely due to benefits of operating leverage as a result of higher capacity utilisation across segments. PAT grew ~4.4x to | 16.7 crore Cranes segment recorded revenue of | 245.7 crore growing 78.5% YoY driven by ~79% increase in volume sold to ~1,700...

Action Construction Equipment Ltd.'s price crossed above 100Day SMA today

Is Action Construction Equipment Ltd. worth buying?

357 Votes:

Buy 84.03%

Sell 8.4%

Hold 7.56%

RESEARCH REPORTS

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