Action Construction Equipment Limited

Financial Performance Highlights

Standalone Financials (₹ Crores):

  • Revenue from Operations: ₹3,273.68 (FY25: ₹3,320.32) - decrease of 1.40%
  • Other Income: ₹121.42 (FY25: ₹99.64)
  • Total Income: ₹3,395.10 (FY25: ₹3,419.96)
  • EBITDA: ₹622.36 (FY25: ₹599.33) - increase of 3.84%
  • Profit Before Tax (PBT): ₹566.45 (FY25: ₹543.11) - increase of 4.30%
  • Profit After Tax (PAT): ₹425.42 (FY25: ₹403.64) - increase of 5.40%
  • EPS: ₹35.75

Consolidated Financials (₹ Crores):

  • Total Income: ₹3,390.50 (FY25: ₹3,427.37)
  • EBITDA: ₹614.01 (FY25: ₹606.08) - increase of 1.3%
  • PAT: ₹415.10 (FY25: ₹409.24) - increase of 1.4%
  • EBITDA Margin: 18.11% (43 bps improvement)
  • PAT Margin: 12.24% (30 bps improvement)

Segment-wise Performance:

  • Cranes, Material Handling & Construction Equipment: ₹2,946 crores (decrease of 4.7% YoY)
  • Agriculture Equipment: ₹251 crores (increase of 9.0% YoY)
  • Others: ₹77 crores

Key Financial Ratios & Capital Structure

  • Debtors Turnover: 11.73 times (decreased from 15.2)
  • Inventory Turnover: 3.97 times (decreased from 4.27)
  • Interest Coverage Ratio: 26.75 times (improved from 20.01)
  • Current Ratio: 1.34 (improved from 1.21)
  • Debt Equity Ratio: 0.003 (improved from 0.009)
  • Return on Net Worth: 23.64% (decreased from 28.66%)
  • Authorized Share Capital: ₹55.25 crores
  • Paid-up Share Capital: ₹23.82 crores
  • No change in share capital during the year

Dividend Declaration & Corporate Actions

The Board recommended a final dividend of ₹2.00 per equity share (100% of face value of ₹2) for FY 2025-26, subject to shareholder approval at the AGM. Record date: September 3, 2026.

Strategic Developments

Joint Venture with Kato Works:

  • Entered into 50:50 joint venture with KATO WORKS CO., LTD., Japan
  • ACE KATO Private Limited incorporated on March 11, 2026
  • Initial capital infused on April 19, 2026 (post FY26)
  • JV will focus on truck cranes, crawler cranes, and rough-terrain cranes
  • Aims to combine Kato's technology with ACE's manufacturing capabilities

Subsidiary Update:

  • Subsidiary SC Forma SA liquidated during the year
  • Net consideration of ₹1,434 lakhs received on September 3, 2025
  • Company recognized a profit of ₹128.61 crore from liquidation

Investments & Assets

Property, Plant and Equipment:

  • Net carrying amount: ₹678.49 crores (₹73,256.01 lakhs)
  • Gross additions during year: ₹70.95 crores
  • Major components: Freehold land (₹257.90 crores), Plant and machinery (₹165.88 crores), Factory building (₹101.25 crores)

Investment Portfolio:

  • Total investments: ₹1,283.46 crores across various instruments
  • Alternative investment funds: ₹451.72 crores
  • Mutual funds: ₹380.87 crores
  • Bonds and debentures: ₹298.31 crores
  • Equity shares: ₹105.79 crores

Operational Highlights

Industry Performance:

  • Indian construction equipment industry sales: 136,995 units (decrease of 2% YoY)
  • Exports grew 32% to record levels
  • Government infrastructure spending remained key growth driver

Company Achievements:

  • Successfully transitioned to CEV-V emission norms across product portfolio
  • Received multiple awards including Bestseller in Tower Cranes and Mobile Cranes
  • Lifetime Achievement Award for Chairman Vijay Agarwal
  • Great Place To Work® certification
  • R&D expenditure: ₹24.46 crores (FY25: ₹20.63 crores)

Corporate Governance & Compliance

Board Composition:

  • 8 members: 4 Executive Promoter Directors, 4 Independent Directors (including 1 woman director)
  • 5 Board meetings held during FY26
  • Separate meeting of Independent Directors held on February 3, 2026

Auditors:

  • Statutory Auditors: M/s BSR & Co. LLP (unmodified opinion)
  • Secretarial Auditors: M/s Vasisht & Associates
  • Cost Auditors: M/s Vandana Bansal & Associates
  • Internal Auditors: M/s Ernst & Young (EY)

Compliance Status:

The Company has complied with all applicable provisions of SEBI Listing Regulations, Companies Act, 2013, and other statutes. No material penalties or strictures imposed by regulatory authorities.

AGM Details

  • Date: September 18, 2026
  • Time: 12:00 Noon
  • Mode: Video Conferencing/Other Audio Visual Means
  • E-voting period: September 14-17, 2026
  • Book closure: September 4-18, 2026