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ACE - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.6

Last Updated Time : 19 Mar 26, 07:09 pm

Fundamental Rating: 3.6

Stock Code ACE Market Cap 9,995 Cr. Current Price 840 ₹ High / Low 1,390 ₹
Stock P/E 23.0 Book Value 149 ₹ Dividend Yield 0.24 % ROCE 40.1 %
ROE 28.5 % Face Value 2.00 ₹ DMA 50 883 ₹ DMA 200 1,006 ₹
Chg in FII Hold 0.04 % Chg in DII Hold -0.07 % PAT Qtr 116 Cr. PAT Prev Qtr 104 Cr.
RSI 44.9 MACD -13.8 Volume 2,11,561 Avg Vol 1Wk 3,07,509
Low price 775 ₹ High price 1,390 ₹ PEG Ratio 0.41 Debt to equity 0.08
52w Index 10.6 % Qtr Profit Var 8.15 % EPS 36.5 ₹ Industry PE 30.1

📊 Core Financials

  • Profitability: PAT rose from ₹104 Cr. to ₹116 Cr. (Qtr Profit Var: +8.15%)
  • Margins: ROE at 28.5% and ROCE at 40.1% indicate excellent efficiency
  • Debt: Very low debt-to-equity ratio (0.08) shows strong financial discipline
  • Cash Flow: EPS at ₹36.5 supports consistent earnings

💰 Valuation Indicators

  • P/E Ratio: 23.0 vs Industry PE of 30.1 → undervalued
  • P/B Ratio: Current Price ₹840 vs Book Value ₹149 → ~5.6x book
  • PEG Ratio: 0.41 → growth priced attractively
  • Intrinsic Value: Appears undervalued relative to industry peers

🏢 Business Model & Health

  • Market Cap: ₹9,995 Cr. reflects strong presence in construction equipment
  • Dividend Yield: 0.24% provides modest shareholder return
  • Competitive Advantage: Leading brand in cranes and construction machinery
  • Overall Health: Strong efficiency, low debt, and fair valuation

🎯 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive near ₹800–850 for accumulation
  • Long-Term Holding: Suitable for long-term investors given strong fundamentals and sector demand

✅ Positive

  • High ROCE (40.1%) and ROE (28.5%)
  • Low debt-to-equity ratio (0.08)
  • P/E ratio (23.0) below industry average

⚠️ Limitation

  • P/B ratio ~5.6x indicates premium valuation
  • Dividend yield (0.24%) is modest
  • Stock trading below DMA levels (50DMA ₹883, 200DMA ₹1,006)

📉 Company Negative News

  • DII holding decreased (-0.07%)
  • Stock price corrected significantly from 52-week high of ₹1,390

📈 Company Positive News

  • Quarterly PAT improved to ₹116 Cr.
  • FII holding increased (+0.04%)

🏭 Industry

  • Industry PE: 30.1, higher than ACE’s PE
  • Construction equipment sector benefits from infrastructure growth

🔎 Conclusion

ACE demonstrates strong efficiency and profitability with minimal debt, making it a fundamentally sound company.

The stock trades at a discount compared to industry peers, offering an attractive entry opportunity near ₹800–850.

It is suitable for long-term holding, supported by infrastructure demand and strong operational performance.

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