Action Construction Equipment Limited has informed the Exchange about Transcript
ACE · price
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ACE reported FY26 total income of INR 3,395 crores, essentially flat YoY, but EBITDA margin expanded 81 bps to 18.33% and PAT grew 5.4% to INR 425 crores. Q4 revenue was INR 1,021 crores (up 15% sequentially). The company is debt-free with INR 2/share dividend (100%). Steel costs have risen 20-22% since January, prompting three rounds of price increases (1.5% in Jan, 4% from May, 5% from June) totaling 9-10%. A new 50-50 JV with Japan's KATO Works targets truck/crawler/rough terrain cranes with potential revenue of INR 300+ crores (could rise to INR 700-800 crores if anti-dumping duties on Chinese imports are implemented). Defense order book stands at INR 575 crores; defense revenue contribution expected to grow from 3% to 5-6%. Management confirmed FY29/FY30 revenue target of INR 6,000-6,200 crores remains on track.
The stock offers stable margins in a challenging cost environment through timely price increases. The KATO JV and defense segment expansion provide medium-term growth levers. However, the company refrained from annual guidance due to geopolitical uncertainty, suggesting a cautious near-term outlook.