ACE - Strong Long‐Term Outlook, Revenue Growth In The Upcoming Years: HDFC Securities Initiates Coverage

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .HDFC Securities Retail Research.Action Construction Equipment Ltd. is one of the experienced players, engaged in manufacturing and marketing of cranes, construction equipment, material handling and agricultural equipment. The company is a major player of mobile and tower cranes and has more than 65% market share in India. Company is also largest manufacturer of pick and carry cranes. ACE is also one of the few players in manufacturing of forklifts. The revenue of the company is well diversified in various segments, the company has secured orders recently from defense sectors for manufacturing and supply of specialized equipments. The company has also received an order from Government of Ghana and is expected to generate Rs150 to 200 crore of business from FY25. The FY22 revenue comprised of 68% from crane segment, 11% from construction equipment, 9% from material handling and 12% from agri equipment respectively. ACE has reiterated its target of revenue growth by 20‐25% YoY for FY23 and improvement in its current margin level. It aims to improve in bottom line by way of backward integration. .Click on the attachment to read the full report:.NHPC - Upcoming Hydro, Solar Projects Provide Long-Term Earning Visibility: HDFC Securities Initiates Coverage.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ACE - Strong Long‐Term Outlook, Revenue Growth In The Upcoming Years: HDFC Securities Initiates Coverage

ACE has reiterated its target of revenue growth by 20‐25% YoY for FY23 and improvement in its current margin level.

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