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Trades about 23% below its sector, cheaper than its peers on earnings.
Action Construction Equipment Limited (ACE) specializes in the manufacturing and distribution of material handling and heavy construction machinery, with its primary market being India. The company's business activities are structured into four main segments: Cranes, Construction Equipment, Material Handling, and Agricultural Equipment. ACE's comprehensive product lineup includes various types of cranes such as concrete placing booms, crawler cranes, pick and carry cranes, mobile tower cranes, standard tower cranes, and truck-mounted cranes. Their construction machinery offerings feature backhoes, wheeled loaders, piling rigs, motor graders, and vibratory rollers. For material handling, they provide forklift trucks and warehousing solutions. Additionally, the company produces a range of agricultural equipment, including tractors, harvesters, balers, and rotavators. Beyond sales, ACE also offers rental services for specific equipment like tower cranes, motor graders, soil compactors, and tandem rollers. The company serves a diverse client base across numerous sectors, including infrastructure development (such as roads, dams, and metro rail), power projects, ports and shipyards, mining, steel, engineering, railways, cement, petroleum, defense, chemicals and fertilizer plants, warehousing, logistics, and general building construction. Founded in 1995, ACE is headquartered in Palwal, India.
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