Action Construction Equipment Ltd. share price target

Q3FY26 Performance: ACE reported a muted Q3FY26 on a YoY basis, with consolidated revenue declining 2.4% YoY to 854.6 crore, driven by a 4.0% YoY contraction in the core Cranes, Material Handling & Construction Equipment segment (765.2 crore). This was partly offset by a strong 14.1% YoY growth in the Agriculture Equipment segment (92.7 crore). Despite lower revenues, profitability improved, with EBITDA margin largely stable at 15.2% (vs ~15.4% in Q3FY25 down by 23 bps YoY) and PAT rising 4.2% YoY to 116.4 crore. Net profit margin expanded to 13.6% from ~12.8% YoY, reflecting better cost control and operating efficiency....

Q2FY26 performance: Revenue declined by 1.6% YoY (+14% QoQ) to 744 crore as the revenue of cranes, construction equipment & material handling segment (94% of total revenue) was flat YoY (+15% QoQ). Agri equipments revenue (~6% of total) stood at 49 crore (-20% YoY, +6% QoQ). EBIDTA margin improved to 14.6% (+30 bps YoY, +41 bps QoQ). EBITDA was flat (+0.4% YoY) at 109 crore. However, PAT declined 5% YoY (8% QoQ) to 90 crore as other income declined by 14% to 29 crore. PAT Margins declined 35 bps YoY to 11.6%. Company saw 18% decline in volumes in cranes, construction equipment segment to 2348 units vs 2863 units last...

Q1FY26 performance: ACE's performance in Q1FY26 a mixed set, Revenue declined by 11% YoY (-32% QoQ) to 652 crore as the revenue of cranes, construction equipment & material handling segment (93% of total revenue) fell by 12.4% YoY (34% QoQ). Agri equipment revenue (7% of total) stood at 46.5 crore (+8.3% YoY, 4% QoQ). EBIDTA margin improved to 14.2% (+80 bps YoY, -280 bps QoQ), mainly led by better product mix. Subsequently, EBIDTA declined by 6% YoY (-43% QoQ) to 92 crore. However, other income grew by 85% to 51 crore resulting in PAT growth...

Market leader in cranes, but eco slowdown weighs

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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...