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EARNINGS PRESENTATION Q1-FY27
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At a Glance 2 Established Brand with over 31 years of Industry Presence India’s most diversified CE Manufacturer Operating across Infra, Construction, Logistics, Manufacturing, Defence and Agri sectors World’s largest Pick & Carry Crane Manufacturer with Pan India and Global Presence in over 37 Countries Fastest Service and Product Support through a wide Network across 125+ Locations in India Highly Experienced and Professional Team Financial Discipline with focus on Growth through Flexibility and Quick-Change Adaptation Customer Centric Organization with In-depth Market Intelligence having strong Customer base across sectors Strong Manufacturing, R&D Capabilities providing Customized Solutions for Specific Requirements Poised to capture Significant Growth Prospects in Indian Manufacturing & Infrastructure Sector Value for Money Equipment with Focus on Quality and Reliability
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• ACTION CONSTRUCTION EQUIPMENT LIMITED was established in 1995 by Mr. Vijay Agarwal, a technocrat, who has over 55+ years of industry experience and is led by a team of experienced professionals. • ACE is a reputed brand with a significant presence across diversified sectors like Construction, Infrastructure, Manufacturing, Logistics and Agriculture. • We are World’s largest Pick & Carry crane manufacturer with over 63% market share in Mobile cranes segment and market share of around 60% in Tower Cranes segment domestically. • Additionally, ACE also offers Crawler Cranes, Truck Mounted Cranes, Lorry Loaders, Backhoe Loaders/Loaders, Vibratory Rollers, Motor Graders, Forklifts, Access Platforms, Telehandlers, Tractors & Harvesters and other Construction Equipment. • The end-user Sector exposure of the company can be broadly classified as follows: Manufacturing & Logistics~45%, Infrastructure ~35%, Agriculture ~7% and Real Estate ~13%. • The company has one of the widest Sales and Service network, with over 125+ locations supported by 13 regional offices in India and also exports to over 37 countries across Middle East, Africa, Asia and Latin America. Company Overview 3 Market Leader in Mobile and Tower Cranes 63% + Market Share 29,909 34,274 33,905 8,403 4,803 6,061 6,140 1,725 16.06% 17.68% 18.11% 20.53% FY24 FY25 FY26 Q1 FY27 Consolidated Financial Highlights (INR Mn) Total Income* EBITDA EBITDA Margin (%) * Total income includes other income
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Cranes, Material Handling & Construction Equipment Agri Equipment Track Harvesters Product Portfolio 4 Pick & Carry Cranes Lorry Loaders Rough Terrain Cranes Crawler Cranes Truck Cranes Tower Cranes Tractors Backhoe Loaders Tele Handlers Vibratory Rollers Motor Graders Access Platforms Forklift Trucks Warehousing Equipment Piling Rigs
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Opportunities & New Products 5 Focused on new-age technology, the new products feature intelligent equipment with AI-assisted tools to enhance performance, reliability and safety. New Product Launches: • Next-Gen Cranes with Ultra features which includes AI integrated Safety systems— SCOS, ALSS and RAS. • Next-Gen Cranes with Clutch less transmission (India’s First) • Truck Mounted Arial Platforms • FT 6040 - 6 Tons & FT 7560 – 16 Tons Flat Top Tower Crane • Construction Elevators • All New ADD 95 Tandem Roller Clutch less NG Cranes Ultra Range- AI Integrated Tools: SCOS, ALSS & RAS All New ADD 95 Tandem Roller
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6 180 Tons Crawler Crane Commencement of ACE - KATO Joint Venture Crawler Cranes & Truck Cranes 50:50 JV between Action Construction Equipment Limited and KATO WORKS CO., LTD. combining ACE’s manufacturing/distribution strength with KATO’s global distribution network coupled with heavy crane technology leadership. Dedicated heavy cranes platform with transfer of Truck Cranes, Crawler Cranes and Rough Terrain Cranes business into ACE KATO JV, creating a focused growth vehicle in the heavy cranes segment for both domestic and international markets. Positions ACE to accelerate technology upgradation, localization, export expansion and participation in India’s rising infrastructure and industrial capex cycle.
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Sectoral Growth Drivers Source: ICEMA, IBEF, Mordor Intelligence, Indian Companies.in, The Economic Times, ToI other published /public domain, PIB • Union Budget 2026-27 lays emphasis on Scaling up manufacturing in 7 strategic and frontier sectors. The Budget provides INR 40,000 crore for electronics manufacturing (ECMS), INR 10,000 crore for Biopharma SHAKTI, and INR 10,000 crore for container manufacturing, along with continued support for semiconductors, chemicals, rare earths, textiles, and other strategic manufacturing sectors. • Implemented PLI in 14 sectors with an outlay of INR 1.97 lakh crore to enhance domestic manufacturing & import substitution with potential to have additional production of INR 3 lakh crore in next 5 years. • Industrial Capex cycle has revived owing to other initiatives such as National Manufacturing Mission, ‘Vocal for Local’ and ‘China +1. Manufacturing The GoI has budgeted total capital expenditure of ~INR 12.2 trillion for FY27 (BE) versus ~INR 11.0 trillion in FY26 (RE), implying ~11% YoY growth. Roads and Railways remain the largest beneficiaries, with allocations of ~INR 3.0 trillion and ~INR 2.6 trillion respectively. 7 • Housing allocations increased sharply in Union Budget 2026–27, with PMAY-Urban raised to INR 18,625 crore (from INR 7,500 crore), PMAY-Urban 2.0 increased to INR 3,000 crore (from INR 300 crore), and PMAY-Gramin enhanced to INR 54,917 crore (from INR 32,500 crore).Real estate sector in India is expected to expand to $5.8Tn, contributing 15.5% to the country’s GDP by 2047. • INR 15,000 crore allocated for SWAMIH Fund 2.0 (Special Window for Affordable and Mid-Income Housing) to expedite completion of an additional 1 lakh housing units in stalled projects, 50,000 homes were completed till FY 24 and rest 40,000 expected by the end of 2026. Housing • Breaking away from the traditional focus on metros, the budget propels a transformational shift towards regional economic development through the creation of City Economic Regions (CERs), • A key pillar of this strategy is the renewed focus on Tier 2 and 3 cities, including temple towns, backed by a INR 5,000 crore allocation for urban infrastructure development. • Metro rail projects receive the largest share of urban spending, with about INR 28,740 crore (33.6 % of the urban budget) dedicated to metro systems, even though this is slightly lower than the previous year’s allocation. Urban Infra • The railway capital allocation is maintained at INR 2.95 lakh crore for FY27. Physical targets have been linked to production of 17,500 general coaches, 200 Vande Bharat and 100 Amrit Bharat trains. • Budget 2026-27 announced seven new Bullet Train (high-speed rail) corridors, spanning 4000 km, connecting major cities. Focus on freight connectivity, safety, network modernization, and rolling stock procurement continues. • The government is set to execute ‘National Rail Plan’ to enable integration of rail network with other modes of transport for development of a comprehensive multi-modal transportation system. Railways • The Centre has increased allocation for the Ministry of Road Transport and Highways (MoRTH) to INR 3.10 lakh crore in the Union Budget 2026-27, up from INR 2.87 lakh crore in the Budget Estimates of the previous year. • High-speed and greenfield corridors remain a key focus under PM Gati Shakti and Bharatmala Pariyojana. • The funds will be used for the development of national highways, expressways and greenfield access-controlled corridors, supported through budgetary resources, toll-based funds and highway monetisation mechanisms. Roads
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Sectoral Growth Drivers Source: ICEMA, IBEF, Mordor Intelligence, Indian Companies.in, The Hindu ,ToI other published /public domain, PIB 8 • 100 multimodal cargo terminals will be developed by FY27 to attract investments of a ~INR 6,000 crore & handle over 1 million tonnes of cargo per terminal, enhance India's multimodal logistics capabilities. • The Indian logistics valued at $228.4 Bn in 2024 and is projected to reach $428.7 Bn by 2033. • The government’s continued focus on deepening logistics penetration into Tier-2, Tier-3 cities and rural regions is expected to improve goods movement efficiency, reduce logistics costs, enhance supply-chain reliability, and support MSMEs through better market access and integrated transportation networks. Logistics • The Sagarmala Programme has identified 839 projects worth approximately INR 5.79 lakh crore for implementation by 2035. • 20 new National Waterways to be operationalised over the next 5 years for greener, cost-effective cargo movement. • INR 10,000 cr Container Manufacturing Assistance Scheme (CMAS) launched to build a competitive domestic container manufacturing ecosystem, reduce import dependence and support containerised cargo growth. • Target is to achieve ~1 million TEU annual domestic container production over the next decade, boosting jobs and ancillary industries. Ports • The Ministry of Agriculture & Farmers Welfare allocated INR 1.41 lakh crore in FY27 budget. • The Indian agricultural tractor market is projected to reach USD 7.92 billion in 2025 and grow to USD 10.95 billion by 2030, reflecting a CAGR of 6.7% during the forecast period • The agricultural machinery market in India, encompassing tractors and other equipment is expected to reach INR 1.66 trillion by FY29, growing at a CAGR of approximately 6.69% Agriculture • Supportive government policies to build Logistics Parks and Free Trade Warehousing Zones (FTWZs) aims to reduce logistics costs and improve competitiveness. • The warehousing market in India valued at $60.42 Bn in 2024 and is projected to grow at a CAGR of 10.5% from 2025 to 2034, reaching USD 163.98 billion by 2034 • Indian warehousing and logistics sector is expected to attract ~$10 Bn investments over the next 4-5 years. Warehousing • Defence allocation raised to INR 7.85 lakh crore in FY27, up from INR 6.81 lakh crore last year and constitutes about 2% of India’s estimated GDP. • The government has enhanced allocation to the Border Roads Organisation (BRO) to INR 7,394 crore to support strategic infrastructure projects such as tunnels, bridges, airfields, and roads in border areas. • The government has earmarked INR 1.39 lakh crore (75 % of the capital acquisition budget) for procurement from domestic industries, including private sector players, to promote indigenisation and strengthen the defence manufacturing ecosystem. Defense In the Budget 2026-2027 speech, Hon’ble FM introduced a new Scheme for Enhancement of Construction and Infrastructure Equipment (CIE), which will help in the industry moving closer towards self reliance. 7.4 9.5 10.5 11 12.2 17.66% 21.40% 22.58% 22.18% 22.80% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 0 2 4 6 8 10 12 14 ₹ In Lakh Crore % of total Budget Capital Spending Picks up Pace
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FINANCIAL OVERVIEW Q1-FY27 9
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Q1-FY27 Financial & Operational Highlights 10 *Total Income includes Other Income INR 8,403 Mn Total Income* 19.5% YoY INR 1,725 Mn EBITDA 19.9% YoY 20.53% EBITDA Margin 7 Bps YoY INR 1,195 Mn PAT 22.3% YoY 14.22 % PAT Margin 33 Bps YoY INR 10.04/Share Diluted EPS 22.3% YoY Q1-FY27 Operational Highlights • The company achieved its best ever Q1 Revenues and Margins • Operational revenues grew by 20.5% on a YoY basis • Robust growth in CE segment which grew by 21.96% YOY with margins at 18.16% • Margins expanded sequentially, driven by prudent cost management and calibrated pricing action • EBIDTA expands by 428 BPS QoQ • PBT expands by 386 BPS QoQ • PAT expands by 338 BPS QoQ • While India's macroeconomic fundamentals continue to remain robust, the escalation of geopolitical tensions in West Asia, elevated crude oil and Commodity prices, supply chain disruptions and sharp inflation have created a challenging operating environment • The structural growth drivers for the Indian Construction Equipment industry remain firmly intact. Continued Government emphasis on infrastructure creation, higher investments in roads, railways, urban infrastructure, manufacturing and logistics, together with sustained public capital expenditure, continue to provide a strong foundation for long-term industry growth.
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Segment wise – Quarterly Sales Volume 589 753 440 Q1-FY26 Q4-FY26 Q1-FY27 Agricultural Equipment 2,337 3,458 2,740 Q1-FY26 Q4-FY26 Q1-FY27 Cranes, Construction Equipment & Material Handling Equipment
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Particulars (INR Mn) Q1-FY27 Q1-FY26 Y-o-Y Q4-FY26 Q-o-Q Total Income* 8,403 7,032 19.5% 10,234 (17.9%) Total Expenses 6,678 5,593 19.4% 8,571 (22.1%) EBITDA 1,725 1,493 19.9% 1,663 3.7% EBITDA Margins (%) 20.53% 20.46% 7 BPS 16.25% 428 BPS Depreciation 91 80 13.8% 95 (4.2%) Finance Cost 50 82 (39.0%) 34 47.1% PBT 1,584 1,277 24.0% 1,534 3.3% Tax 389 300 29.7% 425 (8.5%) Profit after Tax 1,195 977 22.3% 1,109 7.8% PAT Margins (%) 14.22% 13.89% 33 BPS 10.84% 338 BPS EPS (Diluted INR) 10.04 8.21 22.3% 9.31 7.8% Quarterly Consolidated Financial Performance 12 *Total Income includes Other Income
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Particulars (INR Mn) FY24 FY25 FY26 Q1-FY27 Total Income* 29,909 34,274 33,905 8,403 Total Expenses 25,106 28,213 27,765 6,678 EBITDA 4,803 6,061 6,140 1,725 EBITDA Margins (%) 16.06% 17.68% 18.11% 20.53% Depreciation 232 283 352 91 Finance Cost 232 287 221 50 PBT 4,339 5,491 5,567 1,584 Tax 1,057 1,399 1,416 389 Profit after Tax 3,282 4,092 4,151 1,195 PAT Margins (%) 10.97% 11.94% 12.24% 14.22% Other Comprehensive Income (2) - 1 - Total Comprehensive Income 3,280 4,092 4,152 1,195 EPS (Diluted INR) 27.56 34.37 34.87 10.04 Historical Consolidated Financial Performance 13 * Total Income includes Other Income
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Historical Consolidated Balance Sheet Equities & Liabilities (INR Mn) FY-24 FY-25 FY-26 (A) Share Capital 238 238 238 (B) Other Equity 12,060 15,909 19,872 Non Controlling Interest 17 17 1 Total - Shareholder Funds 12,315 16,164 20,111 Non Current Liabilities (A) Financial Liabilities (i) Borrowings - - - (ii) Lease Liabilities 2 13 66 (B) Provisions 32 38 58 (C) Deferred tax liabilities (Net) 97 78 102 Total - Non – Current Liabilities 131 129 226 Current Liabilities Financial Liabilities (i) Borrowings 39 148 1 (ii) Trade Payables 6,880 8,086 9,165 (iii) Other Financial Liabilities 414 318 374 (iv) Lease Liabilities 4 4 12 (D) Other current liabilities 1,801 2,044 2,582 (E) Provisions 38 47 44 (F) Current tax liabilities (Net) 70 169 2 Total – Current Liabilities 9,246 10,816 12,180 Total Equity and Liabilities 21,692 27,109 32,517 Assets (INR Mn) FY-24 FY-25 FY-26 (A) Property plant & Equipment 5,595 6,967 7,326 (B) Capital Work in Progress 436 277 485 (C) Right-of-Use Assets 5 16 308 (D) Investment properties 164 150 146 (E) Intangible assets 31 26 30 (F) Intangible assets under development - 9 7 (G) Financial assets (i) Investments 2,245 5,426 7,232 (ii) Other financial assets 110 97 31 (H) Other non-current assets 368 904 700 (I) Deferred tax assets 6 6 4 (J) Non- Current tax assets (Net) 4 5 5 Total - Non – Current Assets 8,964 13,883 16,274 Current Assets (A) Inventories 5,534 5,151 6,054 (B) Financial assets (i) Investments 3,696 3,756 5,603 (ii) Trade receivables 1,643 2,647 2,843 (iii) Cash and cash equivalents 482 488 643 (iv) Bank balances other than (iii) above 622 66 129 (v) Loans 8 9 8 (vi) Other current financial assets 94 117 131 (C) Other Current Assets 649 942 832 12,728 13,176 16,243 Assets held for sale - 50 - Total current assets 12,728 13,226 16,243 Total Assets 21,692 27,109 32,517 14
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Key Consolidated Financial Highlights 15 29,909 34,274 33,905 8,403 FY24 FY25 FY26 Q1-FY27 Total Income* (INR Mn) 18 - - FY24 FY25 FY26 Working Capital Days (0.55) (0.59) (0.66) FY24 FY25 FY26 Net Debt to Equity (x) 42.90% 40.59% 32.71% FY24 FY25 FY26 Return on Capital Employed 3,282 4,092 4,151 1,195 10.97% 11.94% 12.24% 14.22% FY24 FY25 FY26 Q1-FY27 PAT and PAT Margins (INR Mn) 4,803 6,061 6,140 1,725 16.06% 17.68% 18.11% 20.53% FY24 FY25 FY26 Q1-FY27 EBITDA and EBITDA Margins (INR Mn) * Total income includes other income
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Capital Market Data 16 -45.0% -40.0% -35.0% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% Jul 25 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25 Jan 26 Feb 26 Mar 26 Apr 26 May 26 Jun 26 Stock Market Performance (as on 30th June, 2026) ACE Sensex Price Data (As on 30th June, 2026) Face Value (INR) 2.00 Market Price (INR) 1,023.55 52 Week H/L (INR) 1,226.25 / 746.10 Market Cap (INR Mn) 1,21,887.61 Equity Share Outstanding (Mn) 119.08 1 Year Avg. Daily Trading Volume ('000) 374.29 Promoter 65.42% FIIs 7.82% DIIs 2.59% Public 24.17% Shareholding pattern (As on 30th June, 2026)
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Disclamer Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Gravita India will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. Disclaimer Action Construction Equipment Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Action Construction Equipment Limited, which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner. Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further details, please feel free to contact our Investor Relations Representatives: Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-49039500 Email: ace@valoremadvisors.com 17
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ACE- Lifting India’s Growth Action Construction Equipment Ltd. Dudhola Link Road, Dudhola Palwal (Haryana)-121102 INDIA Board : 01275-280111, 280220 Web : www.ace-cranes.com