Big Breaking Action Construction Equipement ACE Prestigious Order From Ministry Of Defence
#ACE has been awarded a prestigious order for supply of 285 Special Forklifts and 6 Rough Terrain Cranes with 30 tonne Lifting capacity from Ministry of Defence. This demonstrates their efforts under the “Make in India” and “AatmaNirbhar Bharat” initiatives.
Action construction equipment ACE Share price target 2030
1. ✨Fundamental analysis
A) Balance sheet
* Reserve FY 20-24 = 3×
* borrowing Almost Nil
•Fixed good performance
* 3Years sales growth=33%
•3years pat growth=63%
2 Quater number
•TOP line good performance
•Bottom line good performance
•FII increase stakes
3. New changes
Company JV with KATO.
•ACE startgic JV with Kanto postions it off growth in the Higher tonnage crane segment & potential opportunities.
Target;- doing a 3× in the Next 5 years
Company increase the range beyond 200 ton
4. New product launched for export market
ACE launched forma range of tractor , telehandler and back hoe “phantom 4×4” . Specially designed for international markets .
New product BS -V standard
👇👇
5. Gudiance Outlook:-
The company has reiterated in its guidance 15-20% growth on consildation basis with sustain margin as Q4FY25.
Q2& Q3 well performance.
6. New product & govt
1. DEFENCE:- it has devloped an indigenous low silhouette knuckle boom crane for DRDO used missile launchers
Target 100-150 revenue from defence.
2. In aligarh launched new tractor for agriculture.
3. PM awas yojna 2.0 pushed for company.
Conclusion:- monsoon effect in Q1FY25 number.govt pushed in infrastructure projects.
Disclaimer – I am invested, so i superb Biased opnion. Only for study purpose
RVNL Share Price Target 2024 To 2030
Top Data Center Stocks In India