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ACE - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.6

Last Updated Time : 03 Feb 26, 06:04 pm

Fundamental Rating: 3.6

Stock Code ACE Market Cap 10,317 Cr. Current Price 868 ₹ High / Low 1,390 ₹
Stock P/E 24.2 Book Value 149 ₹ Dividend Yield 0.23 % ROCE 40.1 %
ROE 28.5 % Face Value 2.00 ₹ DMA 50 914 ₹ DMA 200 1,051 ₹
Chg in FII Hold 0.04 % Chg in DII Hold -0.07 % PAT Qtr 104 Cr. PAT Prev Qtr 96.8 Cr.
RSI 47.4 MACD -20.0 Volume 4,12,901 Avg Vol 1Wk 3,80,440
Low price 775 ₹ High price 1,390 ₹ PEG Ratio 0.43 Debt to equity 0.08
52w Index 15.1 % Qtr Profit Var 10.1 % EPS 35.8 ₹ Industry PE 33.1

📊 Core Financials

  • Revenue & Profitability: PAT rose from 96.8 Cr. to 104 Cr. (+10.1% variance), showing steady growth momentum.
  • Margins: ROE at 28.5% and ROCE at 40.1% are excellent, reflecting strong efficiency and profitability.
  • Debt: Debt-to-equity ratio of 0.08 indicates negligible leverage, a very strong balance sheet.
  • Cash Flow: Strong profitability supports sustainable cash generation.

💹 Valuation Indicators

  • P/E Ratio: 24.2 vs. industry average of 33.1 — relatively undervalued compared to peers.
  • P/B Ratio: Current price (₹868) vs. book value (₹149) → ~5.8x, premium valuation.
  • PEG Ratio: 0.43, suggesting growth is attractively priced.
  • Intrinsic Value: Valuation looks reasonable given strong returns and low debt.

🏢 Business Model & Competitive Advantage

  • Action Construction Equipment (ACE) operates in construction and material handling equipment, serving infrastructure and industrial sectors.
  • Competitive advantage lies in diversified product offerings, strong domestic presence, and leadership in cranes and construction machinery.

📈 Technicals & Entry Zone

  • DMA 50 (₹914) and DMA 200 (₹1,051) are above current price, showing weakness.
  • RSI at 47.4 indicates neutral momentum; MACD negative suggests mild bearishness.
  • Entry Zone: Attractive near ₹820–860 for long-term investors.
  • Long-Term Holding: Strong fundamentals justify holding; suitable for compounding wealth in infrastructure growth cycle.


✅ Positive

  • Excellent ROE (28.5%) and ROCE (40.1%).
  • Low debt-to-equity ratio (0.08).
  • P/E ratio (24.2) is below industry average (33.1), indicating relative undervaluation.

⚠️ Limitation

  • P/B ratio (~5.8x) indicates premium valuation.
  • Dividend yield of 0.23% is modest despite profitability.
  • Stock trading below DMA 50 and DMA 200, showing technical weakness.

📉 Company Negative News

  • DII holdings decreased (–0.07%), showing reduced domestic institutional confidence.
  • MACD negative (–20.0), indicating short-term bearish momentum.

📈 Company Positive News

  • Quarterly PAT improved to 104 Cr., reflecting operational strength.
  • FII holdings increased (+0.04%), showing foreign investor support.

🏭 Industry

  • Construction equipment sector benefits from infrastructure spending and industrial growth in India.
  • Industry average P/E (33.1) highlights ACE’s relatively attractive valuation.

🔎 Conclusion

  • ACE is financially strong with excellent return ratios and low debt.
  • Valuations are reasonable compared to industry averages, though technical weakness persists.
  • Recommendation: Accumulate near ₹820–860 for long-term holding. Suitable for investors seeking exposure to infrastructure growth with strong fundamentals.

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