ACTION CONSTRUCTION EQUIPMENT: leading market share of 60% in Tower Cranes segment domestically

 

  • ACTION CONSTRUCTION EQUIPMENT: leading market share of 60% in Tower Cranes segment domestically


  • Revenue declined by 7.7 % YoY due to adoption of CEV - 5 Emission norms, early onset of monsoons and global uncertainties. 
  • Going ahead, expect the market to normalise from Q3 onwards.
  • Despite the challenging macro environment, margins expand on YoY basis:
  • EBITDA expands by 389 BPS to 20.46%
  • PBT expands by 346 BPS to 18.16% 
  • PAT expands by 284 BPS to 13.89%
  • Margin expansion was led by: a) Calibrated pricing action with CEV-5 norms implementation b) Deepening Cost Efficiencies c) Softening commodity prices
  • The macroeconomic fundamentals of the Indian economy remain resilient despite volatility in the operating environment. Lower inflation, reduction in interest rates & liquidity support by RBI, tax cuts announced in the recent Union Budget are expected to aid recovery and support growth revival in the coming quarters
  • ACTION CONSTRUCTION EQUIPMENT LIMITED was established in 1995 by Mr. Vijay Agarwal, a technocrat, who has over 50+ years of industry experience and is led by a team of experienced professionals.
  • ACE is a reputed brand with a significant presence across diversified sectors like Construction, Infrastructure, Manufacturing, Logistics and Agriculture.
  • World’s largest Pick & Carry cranes manufacturer with over 63% market share in Mobile cranes segment in country and leading market share of 60% in Tower Cranes segment domestically.
  • Additionally, ACE also offers Crawler Cranes, Truck Mounted Cranes, Lorry Loaders, Backhoe Loaders/Loaders, Vibratory Rollers, Motor Graders, Forklifts, Access Platforms, Telehandlers, Tractors & Harvesters and other Construction Equipment.
  • The end-user Sector exposure of the company can be broadly classified as follows: Manufacturing & Logistics~45%, Infrastructure ~35%, Agriculture ~7% and Real Estate ~13%.
  • The company has one of the widest Sales and Service network, with over 125+ locations supported by 13 regional offices in India and also exports to over 37 countries across Middle East, Africa, Asia and Latin America

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