Action Construction Equipment Limited has informed the Exchange about Chairman's Speech at the 31st Annual General Meeting
ACE · price
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At the 31st AGM, Chairman Vijay Agarwal highlighted ACE's strongest-ever financial year, with total income up 15% to Rs. 3,427 crore, EBITDA up 26% to Rs. 606 crore, and profit after tax up 25% to Rs. 409 crore. Returns remain strong with ROCE at 40.6% and ROE at 28.7%. The Board declared a final dividend of Rs. 2.00 per share (100%) for FY25. A major milestone was ACE winning 60% share (1,121 units worth Rs. 420 crore) of a Ministry of Defence order for 1,868 Rough Terrain Fork Lift Trucks, its largest-ever order. Exports were muted due to global headwinds, though India's shift to CEV-5 emission norms is expected to open new international markets. Management expressed confidence in medium-to-long-term growth backed by diversification and 'Make in India' defence opportunities.
Strong FY25 results with double-digit profit growth and healthy return ratios reinforce ACE's growth story, while the Rs. 420 crore defence order provides visible near-term revenue. The 100% dividend signals robust cash generation, though muted exports and dependence on government defence orders remain watchpoints for shareholders.