Action Construction Equipment Ltd share Price

Action Construction Equipment Limited is an Indian company engaged in the business of manufacturing construction and material handling equipment and has a market capitalisation of Rs. 2,785.35 crore as of April 7, 2022. This company incorporated its business in the year 1995. The quarterly revenue of the company for the September to December 2021 quarter stood at Rs. 437 crore. The company is listed on the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE) under the number 532762 and scrip code ACE.

The company manufactures and markets building construction equipment, such as hydraulic mobile cranes, crawler cranes, mobile tower cranes, truck-mounted cranes, material handling equipment such as forklifts, road construction equipment, such as compactors, motor graders, backhoe loaders, and agricultural equipment, such as tractors, rotavators, and harvesters. It has eight manufacturing sites in Faridabad, Haryana, with a cumulative manufacturing capacity of 9000 tractors and 12000 construction equipment every year. The company started its business in 1995 with the manufacturing of hydraulic mobile cranes, tower cranes, and loaders. Since then, it has progressed all along to become an ISO 9001 certified company. Action Construction equipment are used in industrial sectors, including infrastructure construction, road construction, power projects, ports, metro rails, dams, shipyards, steel industry, engineering industry, coal mining, oil industry, chemical and fertiliser plants, railways, and defense.

From 1995 to 1996, the company manufactured only 110 mobile cranes as compared to 1146 construction equipment during 2004-2005. It entered the capital market in September 2006 with an Initial Public Offering of 46 lakh equity shares. Today, the company has expanded its operations internationally to the Asia-Pacific region, parts of Africa, and Latin America regions. The company was ranked 223^rd in Fortune’s list of the next 500 medium-sized Indian companies.

As of April 7, 2022, the ACE share price is trending at Rs. 233.80 per share at the BSE. The 52-week high of Action Construction share price is Rs. 291.75 and the 52-week low is Rs. 139.45. ACE shares have given a one-year return of 47.35% with a dividend yield of 0.20%. The balance sheet of the company has remained in green for the past four financial years.

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