iStockICICI Direct has buy call on Action Construction Equipment with a target price of Rs 365. The current market price of is Rs 294.2. Time period given by analyst is one year when . price can reach defined target.
Action Construction Equipment Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 3524.86 Crore) operating in Engineering sector.
Action Construction Equipment Ltd. key Products/Revenue Segments include Cranes, Construction Equipment and Material Handling Equipments for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 522.55 Crore, up 1.27 % from last quarter Total Income of Rs 515.99 Crore and up 61.32 % from last year same quarter Total Income of Rs 323.93 Crore. Company reported net profit after tax of Rs 45.27 Crore in latest quarter.
Investment Rationale
For the past year, ACE has remained richly valued given its clean balance sheet, above 65% market share in cranes, contract from Ghana government and introduction of newer products, which will drive strong double-digit volume growth in the medium term.
Promoter/FII Holdings
Promoters held 66.76 per cent stake in the company as of 30-Jun-2022, while FIIs owned 4.65 per cent, DIIs 4.15 per cent.
Action Construction Equipment Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 3524.86 Crore) operating in Engineering sector.
Action Construction Equipment Ltd. key Products/Revenue Segments include Cranes, Construction Equipment and Material Handling Equipments for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 522.55 Crore, up 1.27 % from last quarter Total Income of Rs 515.99 Crore and up 61.32 % from last year same quarter Total Income of Rs 323.93 Crore. Company reported net profit after tax of Rs 45.27 Crore in latest quarter.
Investment Rationale
For the past year, ACE has remained richly valued given its clean balance sheet, above 65% market share in cranes, contract from Ghana government and introduction of newer products, which will drive strong double-digit volume growth in the medium term.
Promoter/FII Holdings
Promoters held 66.76 per cent stake in the company as of 30-Jun-2022, while FIIs owned 4.65 per cent, DIIs 4.15 per cent.
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