|
14 Mar 2025 |
ACE
|
Consensus Share Price Target
|
1151.25 |
1500.50 |
- |
30.34 |
buy
|
|
|
|
|
07 Mar 2025
|
ACE
|
Edelweiss
|
1151.25
|
|
1136.30
(1.32%)
|
|
Not Rated
|
|
|
Market leader in cranes, but eco slowdown weighs
|
|
21 Oct 2024
|
ACE
|
ICICI Direct
|
1151.25
|
1700.00
|
1386.05
(-16.94%)
|
47.67 |
Buy
|
|
|
|
|
16 Aug 2024
|
ACE
|
FundsIndia
|
1151.25
|
1518.00
|
1264.05
(-8.92%)
|
Target met |
Buy
|
|
|
|
|
05 Aug 2024
|
ACE
|
ICICI Direct
|
1151.25
|
1575.00
|
1278.50
(-9.95%)
|
Target met |
Buy
|
|
|
|
|
09 Feb 2024
|
ACE
|
ICICI Direct
|
1151.25
|
1440.00
|
1103.80
(4.30%)
|
Target met |
Buy
|
|
|
|
|
23 Oct 2023
|
ACE
|
ICICI Direct
|
1151.25
|
910.00
|
714.15
(61.21%)
|
Target met |
Buy
|
|
|
|
|
01 Jun 2023
|
ACE
|
ICICI Direct
|
1151.25
|
555.00
|
474.80
(142.47%)
|
Target met |
Buy
|
|
|
|
|
08 Feb 2023
|
ACE
|
ICICI Direct
|
1151.25
|
435.00
|
362.40
(217.67%)
|
Target met |
Buy
|
|
|
|
|
07 Sep 2022
|
ACE
|
ICICI Direct
|
1151.25
|
365.00
|
308.75
(272.87%)
|
Target met |
Buy
|
|
|
|
|
15 Aug 2022
|
ACE
|
ICICI Direct
|
1151.25
|
285.00
|
228.25
(404.38%)
|
Target met |
Buy
|
|
|
|
|
01 Jul 2022
|
ACE
|
Hem Securities
|
1151.25
|
250.00
|
208.50
(452.16%)
|
Target met |
Buy
|
|
|
|
|
30 May 2022
|
ACE
|
Emkay
|
1151.25
|
240.00
|
216.40
(432.00%)
|
Target met |
Buy
|
|
|
|
|
25 May 2022
|
ACE
|
ICICI Direct
|
1151.25
|
230.00
|
187.45
(514.16%)
|
Target met |
Buy
|
|
|
|
|
07 Feb 2022
|
ACE
|
ICICI Securities Limited
|
1151.25
|
290.00
|
221.10
(420.69%)
|
Target met |
Buy
|
|
|
|
|
10 Nov 2021
|
ACE
|
ICICI Securities Limited
|
1151.25
|
320.00
|
256.35
(349.09%)
|
Target met |
Buy
|
|
|
|
|
03 Aug 2021
|
ACE
|
ICICI Securities Limited
|
1151.25
|
300.00
|
253.00
(355.04%)
|
|
Buy
|
|
|
|
|
31 May 2021
|
ACE
|
ICICI Securities Limited
|
1151.25
|
205.00
|
166.25
(592.48%)
|
Target met |
Buy
|
|
|
Action Construction Equipment (ACE) reported robust Q4FY21 numbers led by strong performance from all segments. Margins improved on a YoY basis but were down sequentially on account of higher input cost. Revenue for the quarter came in at | 457.4 crore, up 49.7% YoY, 14% QoQ. Gross margins contracted ~239 bps YoY, ~156 bps QoQ on account of the recent run up in steel prices. Employee cost was down 18% YoY while other expenses increased 30% YoY. Consequently, EBIDTA increased 82.4% YoY to | 50 crore with an expansion of ~196 bps YoY & contraction of 36 bps...
|
|
30 Jan 2021
|
ACE
|
ICICI Securities Limited
|
1151.25
|
160.00
|
128.45
(796.26%)
|
Target met |
Buy
|
|
|
No major capex, strong FCF generation to aid in deleveraging Maintenance capex of | 20 crore and at best another | 30 crore capex in a modern paint shop coupled with FY22E CFO generation of | 128 crore should aid ACE to become a debt free company by FY22. This would be...
|
|
10 Nov 2020
|
ACE
|
ICICI Securities Limited
|
1151.25
|
100.00
|
76.35
(1407.86%)
|
Target met |
Buy
|
|
|
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...
|
|
14 Aug 2020
|
ACE
|
ICICI Securities Limited
|
1151.25
|
68.00
|
61.55
(1770.43%)
|
Target met |
Hold
|
|
|
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...
|