As of 6 Nov 2026, Action Construction Equipment trades at 31.8× trailing earnings, above the industry P/E of 20.4×. Sales and net profit grew 15% and 34% a year over 3 years; its ROCE of 28% is the second-highest among the 7 largest Farm & Heavy Construction Machinery peers. It carries very little debt, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹13,900 Cr, ranked 3rd of 24 Farm & Heavy Construction Machinery companies by market cap; the shares rose 2.8% over the past year.
- ₹1,108.05
- ₹1,175.50
- ₹1,097.10
- ₹1,127.65
- 6.7 L
Health check
- ReturnsAhead
+2.8% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 31.8 vs industry 20.4.
- GrowthSteady
Sales +15.0%, profit +34.2% a year over 3 years.
- ProfitabilityStrong
ROCE 28.5% vs peer median 19.4%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flags1 to check
P/E of 31.8 against an industry P/E of 20.4.
Small cap
Defensive
Key metrics
- Market cap
- ₹13,900 Cr
- Small cap
- P/E
- 31.8
- Industry 20.4
- Price to book
- 6.91
- Peers 4.57
- Dividend yield
- 0.17%
- ROE
- 22.9%
- Peers 17.7%
- ROCE
- 28.5%
- Peers 19.4%
- Debt to equity
- 0.00
- Debt ₹7.90 Cr
- EPS (TTM)
- ₹36.70
- Face value ₹2
- OPM (TTM)
- 15.6%
- Net margin 12.8%
- Sales growth
- +20.5%
- Latest quarter vs a year ago
- Profit growth
- +22.3%
- Latest quarter vs a year ago
- Price to sales
- 4.07
- EV/EBITDA 25.0
Strengths and risks
Strengths
- Return on equity of 22.9%.
- Return on capital employed of 28.5%.
- Practically debt-free.
- Quarterly profit up 22.3% on a year ago.
- Quarterly sales up 20.5% on a year ago.
Risks to check
- P/E of 31.8 against an industry P/E of 20.4.
About Action Construction Equipment
Action Construction Equipment Limited manufactures and sells material handling and construction equipment primarily in India and internationally. The company operates through two segments: Crane, Material Handling and Construction equipment, and Agri Equipment. It also offers mobile cranes, truck mounted cranes, crawler cranes, rough terrain hydraulic mobile cranes, material handling equipment like forklift trucks, mobile tower cranes, telehandlers,…
- Headquarters
- Palwal
- Employees
- 1,500
- Sector
- Industrials
- ISIN
- INE731H01025
- Website
- ace-cranes.com
Price range
- Avg volume (3M)
- 3.4 L
- 1-year return
- plus 2.8%
- From 52-week high
- minus 7.9%
Peers · Farm & Heavy Construction Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASHOKLEYAshok Leyland | 172.09 | plus 1.10% | 1,01,083 | 29.1 | 12.2 | 14.5% | 21.5% | 3.45 | 10.6% | plus 21.2% |
| ESCORTSEscorts Kubota | 2,443.40 | minus 0.67% | 26,888 | 20.4 | 13.5 | 14.4% | 11.5% | 0.01 | 11.3% | minus 35.6% |
| ACEAction Construction Equipment | 1,167.70 | plus 3.55% | 13,900 | 31.8 | 25.5 | 28.5% | 15.6% | 0.00 | 15.0% | plus 2.8% |
| OLECTRAOlectra Greentech | 1,026.35 | minus 2.21% | 8,424 | 47.5 | 26.6 | 19.4% | 13.8% | 0.31 | 28.4% | minus 30.9% |
| AJAXENGGAjax Engineering | 556.65 | minus 1.24% | 6,369 | 28.1 | 20.0 | 21.4% | 12.5% | 0.00 | 22.2% | minus 5.8% |
| SWARAJENGSwaraj Engines | 3,495.30 | minus 1.97% | 4,247 | 20.0 | 15.2 | 52.8% | 12.6% | 0.01 | 12.2% | minus 9.6% |
| VSTTILLERSV.S.T Tillers Tractors | 3,941.70 | minus 2.48% | 3,411 | 31.4 | 16.5 | 12.4% | 13.3% | 0.00 | 7.2% | minus 33.8% |
| UNIPARTSUniparts India | 704.60 | minus 1.75% | 3,179 | 17.7 | 12.5 | 22.0% | 22.3% | 0.18 | −4.8% | plus 41.4% |
| Median of 7 peers | – | −1.75% | 6,369 | 28.1 | 15.2 | 19.4% | 13.3% | 0.01 | 11.3% | −9.6% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 961 | 652 | 855 | 1,029 | 786 | |
| – | – | – | +7.1% | +20.5% | |
| 792 | 558 | 717 | 863 | 667 | |
| 169 | 94.1 | 138 | 167 | 118 | |
| 17.6% | 14.4% | 16.2% | 16.2% | 15.1% | |
| 8.4 | 51.1 | 35.7 | −6.1 | 54.6 | |
| 3.9 | 8.2 | 4.7 | 3.4 | 4.9 | |
| 7.3 | 8 | 8.9 | 9.5 | 9.1 | |
| −5.5 | −1.2 | −8.4 | 5.4 | −0.6 | |
| 161 | 128 | 152 | 153 | 158 | |
| 26.3% | 23.5% | 23.4% | 27.7% | 24.6% | |
| 119 | 97.7 | 116 | 111 | 119 | |
| – | – | – | minus 6.5% | +22.3% | |
| 9.96 | 8.21 | 9.78 | 9.31 | 10.04 |
Profit & loss
- Sales CAGR 3Y
- +15.0%
- Profit CAGR 3Y
- +34.2%
- EPS CAGR 3Y
- +34.2%
- ROE
- 22.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,157 | 2,910 | 3,325 | 3,278 | |
| – | +34.9% | +14.3% | minus 1.4% | |
| 1,911 | 2,484 | 2,808 | 2,757 | |
| 246 | 425 | 516 | 521 | |
| 11.4% | 14.6% | 15.5% | 15.9% | |
| 13.1 | 28.4 | 47.1 | 57.8 | |
| 10.3 | 23.2 | 28.7 | 22.1 | |
| 18 | 23.2 | 28.3 | 35.2 | |
| 2.6 | 26.7 | 42.6 | 35.2 | |
| 234 | 434 | 549 | 557 | |
| 26.0% | 24.4% | 25.5% | 25.4% | |
| 172 | 328 | 409 | 415 | |
| – | +91.2% | +24.7% | +1.4% | |
| 14.41 | 27.56 | 34.37 | 34.87 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 23.8 | 23.8 | 23.8 | 23.8 | |
| 895 | 1,206 | 1,591 | 1,987 | |
| 7.4 | 4.5 | 16.4 | 7.9 | |
| 674 | 935 | 1,080 | 1,233 | |
| 1,600 | 2,169 | 2,711 | 3,252 | |
| 502 | 640 | 816 | 881 | |
| 28.4 | 80.2 | 118 | 118 | |
| 157 | 231 | 550 | 724 | |
| 244 | 476 | 436 | 638 | |
| 669 | 742 | 791 | 891 | |
| 1,600 | 2,169 | 2,711 | 3,252 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 274 | 433 | 412 | 417 | |
| −218 | −368 | −383 | −350 | |
| −41 | −38.7 | −29 | −51.9 | |
| 15.8 | 26.5 | 0.3 | 15.5 | |
| −73.9 | −175 | −221 | −93.3 | |
| 200 | 258 | 191 | 324 | |
| −7.1 | −11.9 | −23.8 | −23.8 |
Shareholding pattern
- Promoters65.42%
- Public34.54%
- Employee trusts0.04%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 65.42% | 34.54% | 0.00 | |
| 30 Jun 2026 | 65.42% | 34.53% | 0.00 | |
| 31 Mar 2026 | 65.42% | 34.52% | 0.00 | |
| 31 Dec 2025 | 65.42% | 34.52% | 0.00 | |
| 30 Sep 2025 | 65.42% | 34.52% | – |
Major shareholders
Filings & events
News
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