Action Construction EquipmentNSE:ACE
Current view Q1 2027
India's largest crane maker, debt-free with a third of its capacity idle, and margins are its one proven strength. But volumes fell last year, the 'double revenue' target was quietly re-dated, guidance has been withheld three quarters running, and the heavy-crane prize waits on a duty the government won't notify. No earning trigger visible.
Latest exchange filings last 5 · 5 after Q1 2027
- 15 Sep ’2632nd AGM scheduled on September 18, 2026; annual report FY2025-26 sent to shareholders. ↗
- 9 Sep ’26Schedule of Analyst/Investor meet is attached herewith. ↗
- 5 Sep ’26Schedule of Analyst/Investor meet is attached herewith ↗
- 4 Sep ’26Schedule of Analyst/Investor meet is attached herewith ↗
- 26 Aug ’26Copy of Newspaper Publication is attached herewith ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q1 2027
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q1 2027
| Metric | This year vs lastYoY · vs Q1 2026 | vs the quarter beforeQoQ, sequential · vs Q4 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +20.6% | −23.6% | +14.9% | +21.7% |
| Operating profit | ▲ +26.9% | −31.4% | +32.8% | +35.6% |
| EPS | ▲ +22.2% | +7.7% | +34.2% | +37.7% |
| PAT | ▲ +21.4% | +7.2% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +20.6%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Good72/100
Cheap, and growing fast. Profit per share grew 34% a year, while the price-tag on its earnings actually got smaller. That gap — real growth nobody has paid up for — is exactly what this score looks for.
₹1,213 → ₹2,426 needs the P/E at 27× — it is 33× today, and has ranged 20× to 67× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 41× — it has traded there — high was 67×.
At ₹1,115 the price-tag on its earnings reaches the 30× it is being projected toward — the point where being cheap against that yardstick is used up.
Growth still unpaid, one leg weaker. Worth the concall read.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a mid-cap at ₹13,718 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 34.2% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 22%.
How it compares with its rivals Construction & Mining Equipment · 6 shown
These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Action Const.Eq. | ₹1,225 | 33.3× | ₹14,586 Cr | 31.6% | +22.3% | +20.5% |
| BEML Ltd | ₹2,076 | 96.9× | ₹17,290 Cr | 7.7% | +57.9% | +29.3% |
| Ajax Engineering | ₹564 | 28.0× | ₹6,455 Cr | 23.9% | +5.1% | +1.7% |
| TIL | ₹256 | — | ₹2,111 Cr | 2.9% | +19.0% | +86.2% |
| Indo Farm Equip. | ₹137 | 26.4× | ₹658 Cr | 7.4% | +4.2% | +14.5% |
| Brady & Morris | ₹651 | 30.4× | ₹146 Cr | 14.1% | −50.0% | −12.1% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | yes — a little wider than 3 years earlier | operating margin 13% → 15% over 3 years |
|---|---|---|
| Did the profit turn into cash? | more than all of it — reserves released cash too | 114% last year, 118% over three · free cash flow ₹330 cr, positive in 5 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹8 cr — 0.00× its own equity (was 0.01×) |
| Is it being collected? | collection is steady | 32 days to collect, up 3 in a year · cash cycle −20 days |
| Who has been buying? | the promoters have held steady | promoters 65.4%, 66.8% → 65.4% over 2.8 years · FIIs 7.8% (−3.6) · DIIs 2.6% (+0.5) · shareholders 1,04,247 → 1,83,575 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 31.6% · ROE 22.8% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 40.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%
- Company has been maintaining a healthy dividend payout of 94.2%
Against it
- Stock is trading at 7.23 times its book value
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.