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ACE
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- 6M
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Recent events
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News
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Corporate Actions
Action Construction Equipment Dec-Quarter Consol Net Profit 1.12 Bln Rupees
Feb 7 (Reuters) - Action Construction Equipment Ltd ACEL.NS:
DEC-QUARTER CONSOL NET PROFIT 1.12 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.75 BILLION RUPEES
Source text: ID:nNSE3BdShB
Further company coverage: ACEL.NS
(([email protected];;))
Feb 7 (Reuters) - Action Construction Equipment Ltd ACEL.NS:
DEC-QUARTER CONSOL NET PROFIT 1.12 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.75 BILLION RUPEES
Source text: ID:nNSE3BdShB
Further company coverage: ACEL.NS
(([email protected];;))
Action Construction Equipment Sept-Quarter Consol Net Profit 948 Mln Rupees
Nov 8 (Reuters) - Action Construction Equipment Ltd ACEL.NS:
SEPT-QUARTER CONSOL NET PROFIT 948 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.57 BILLION RUPEES
Source text: ID:nBSE4Jt6Xs
Further company coverage: ACEL.NS
(([email protected];;))
Nov 8 (Reuters) - Action Construction Equipment Ltd ACEL.NS:
SEPT-QUARTER CONSOL NET PROFIT 948 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.57 BILLION RUPEES
Source text: ID:nBSE4Jt6Xs
Further company coverage: ACEL.NS
(([email protected];;))
India's Action Construction up on order win
** Shares of Action Construction ACEL.NS rise 2.7% to 1,298.5 rupees
** The crane manufacturer got order for supply of 285 special forklifts and 6 rough terrain cranes from Ministry of Defence
** Stock up 55% so far this year, eyes fifth straight yearly gain
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Action Construction ACEL.NS rise 2.7% to 1,298.5 rupees
** The crane manufacturer got order for supply of 285 special forklifts and 6 rough terrain cranes from Ministry of Defence
** Stock up 55% so far this year, eyes fifth straight yearly gain
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Action Construction Equipment Gets Order For Special Forklifts, Rough Terrain Cranes From Government
Aug 16 (Reuters) - Action Construction Equipment Ltd ACEL.NS:
ACTION CONSTRUCTION EQUIPMENT -GETS ORDER FOR SPECIAL FORKLIFTS, ROUGH TERRAIN CRANES FROM GOVERNMENT
Source text for Eikon: ID:nBSE1FB24F
Further company coverage: ACEL.NS
(([email protected];))
Aug 16 (Reuters) - Action Construction Equipment Ltd ACEL.NS:
ACTION CONSTRUCTION EQUIPMENT -GETS ORDER FOR SPECIAL FORKLIFTS, ROUGH TERRAIN CRANES FROM GOVERNMENT
Source text for Eikon: ID:nBSE1FB24F
Further company coverage: ACEL.NS
(([email protected];))
India's Action Construction Equipment rises on JV talks with Kato Works
** Shares of Indian Crane manufacturer Action Construction Equipment ACEL.NS rise as much as 2.9% to 1,560.22 rupees
** Co says it is currently in discussions with KATO WORKS CO 6390.T, a Japanese construction equipment manufacturer to establish a joint venture in India
** JV intends to produce medium and large sized cranes
** Stock eyes a third straight week of gains, if trend holds
** Stock has risen 87% YTD, following the biggest yearly rise of ~173% in 2023
(Reporting by Yagnoseni Das in Bengaluru)
** Shares of Indian Crane manufacturer Action Construction Equipment ACEL.NS rise as much as 2.9% to 1,560.22 rupees
** Co says it is currently in discussions with KATO WORKS CO 6390.T, a Japanese construction equipment manufacturer to establish a joint venture in India
** JV intends to produce medium and large sized cranes
** Stock eyes a third straight week of gains, if trend holds
** Stock has risen 87% YTD, following the biggest yearly rise of ~173% in 2023
(Reporting by Yagnoseni Das in Bengaluru)
Japanese Construction Equipment Maker Kato Works To Set Up Joint Venture With Action Construction Equipment To Enter Indian Market, Nikkei Says
June 19 (Reuters) - Kato Works Co Ltd 6390.T:
JAPANESE CONSTRUCTION EQUIPMENT MAKER KATO WORKS TO SET UP JOINT VENTURE WITH ACTION CONSTRUCTION EQUIPMENT TO ENTER INDIAN MARKET, NIKKEI SAYS
Source text for Eikon: [ID:]
Further company coverage: 6390.T ACEL.NS
(Reporting by Kiyoshi Takenaka)
(([email protected];))
June 19 (Reuters) - Kato Works Co Ltd 6390.T:
JAPANESE CONSTRUCTION EQUIPMENT MAKER KATO WORKS TO SET UP JOINT VENTURE WITH ACTION CONSTRUCTION EQUIPMENT TO ENTER INDIAN MARKET, NIKKEI SAYS
Source text for Eikon: [ID:]
Further company coverage: 6390.T ACEL.NS
(Reporting by Kiyoshi Takenaka)
(([email protected];))
Action Construction Equipment Entered Into Agreement For Purchase Of Land For Further Capacity And Business Expansion
Feb 7 (Reuters) - Action Construction Equipment Ltd ACEL.NS:
ENTERED INTO AGREEMENT FOR PURCHASE OF LAND FOR FURTHER CAPACITY AND BUSINESS EXPANSION
Source text for Eikon: ID:nNSEbmy8bG
Further company coverage: ACEL.NS
(([email protected];))
Feb 7 (Reuters) - Action Construction Equipment Ltd ACEL.NS:
ENTERED INTO AGREEMENT FOR PURCHASE OF LAND FOR FURTHER CAPACITY AND BUSINESS EXPANSION
Source text for Eikon: ID:nNSEbmy8bG
Further company coverage: ACEL.NS
(([email protected];))
India's Action Construction hits record high on Q2 profit jump
** Shares of Action Construction Equipment ACEL.NS jump as much as 10.8% to a record high of 894.7 rupees
** Stock posts biggest intraday pct gain since July 24
** Crane manufacturer on Thursday reported a more than two-fold Y/Y jump in net profit to 739.2 mln rupees ($8.88 mln) for the Sept-qtr
** Rev from ops rose nearly 37% to 6.73 bln rupees
** More than 462,000 shares change hands by 09:50 a.m. IST, 1.5x the 30-day avg
** Stock currently up 7.2%, boosting YTD gains to 184.7%
($1 = 83.2760 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Action Construction Equipment ACEL.NS jump as much as 10.8% to a record high of 894.7 rupees
** Stock posts biggest intraday pct gain since July 24
** Crane manufacturer on Thursday reported a more than two-fold Y/Y jump in net profit to 739.2 mln rupees ($8.88 mln) for the Sept-qtr
** Rev from ops rose nearly 37% to 6.73 bln rupees
** More than 462,000 shares change hands by 09:50 a.m. IST, 1.5x the 30-day avg
** Stock currently up 7.2%, boosting YTD gains to 184.7%
($1 = 83.2760 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
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Popular questions
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What does Action Const. Equip do?
Action Construction Equipment Limited is India’s leading manufacturer in material handling and construction equipment, dominating in mobile and tower cranes segment. They offer a wide range of equipment for various construction needs.
Who are the competitors of Action Const. Equip?
Action Const. Equip major competitors are Sanghvi Movers, TIL, The Anup Engineering, Windsor Machines, Rajoo Engineers, Disa India, Walchandnagar Inds. Market Cap of Action Const. Equip is ₹14,951 Crs. While the median market cap of its peers are ₹2,517 Crs.
Is Action Const. Equip financially stable compared to its competitors?
Action Const. Equip seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Action Const. Equip pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Action Const. Equip latest dividend payout ratio is 7.26% and 3yr average dividend payout ratio is 7.0%
How has Action Const. Equip allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Action Const. Equip balance sheet?
Balance sheet of Action Const. Equip is strong. But short term working capital might become an issue for this company.
Is the profitablity of Action Const. Equip improving?
Yes, profit is increasing. The profit of Action Const. Equip is ₹389 Crs for TTM, ₹328 Crs for Mar 2024 and ₹172 Crs for Mar 2023.
Is the debt of Action Const. Equip increasing or decreasing?
Yes, The debt of Action Const. Equip is increasing. Latest debt of Action Const. Equip is ₹49.46 Crs as of Sep-24. This is greater than Mar-24 when it was -₹216.68 Crs.
Is Action Const. Equip stock expensive?
Yes, Action Const. Equip is expensive. Latest PE of Action Const. Equip is 38.42, while 3 year average PE is 35.25. Also latest EV/EBITDA of Action Const. Equip is 31.8 while 3yr average is 26.25.
Has the share price of Action Const. Equip grown faster than its competition?
Action Const. Equip has given better returns compared to its competitors. Action Const. Equip has grown at ~51.69% over the last 6yrs while peers have grown at a median rate of 28.9%
Is the promoter bullish about Action Const. Equip?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Action Const. Equip is 65.41% and last quarter promoter holding is 65.41%.
Are mutual funds buying/selling Action Const. Equip?
The mutual fund holding of Action Const. Equip is increasing. The current mutual fund holding in Action Const. Equip is 0.44% while previous quarter holding is 0.38%.