THREAD
Company that can be the ultimate vehicle for investors interested in participating in INDIA's infrastructure development/manufacturing growth/warehousing boom.
ACTION CONSTRUCTION EQUIPMENTS
CMP: 223.15
All time high BREAKOUT last week.
@PrasadWakchaure @hafizul09
1/n
One of the main reason for me to look into ACE is because it has posted
Highest revenue of 1245 crore
Highest PAT of 79.8 crores
ROCE stands at 21.42%
And 53.8% growth in EPS
Coupled with management guidance of 20%-25% growth in FY 22
With a margin of around of 12-14%.
2/n
The company has big tailwinds blowing in its favour
The company has a robust product line that can cater almost major infrastructure development projects
whether it is Housing, Road construction,Railways, Manufacturing,Warehousing,Ports,Airports & Agriculture
3/n
Inspite of COVID the company has been able to maintain its sales. Some of the segments have seen good growth too. It has a 60% market share in mobile cranes and 60% share in tower cranes.
The mobile cranes are the go to products for all the major infra construction.
4/n
The mobile crane will be the biggest growth driver going forward.
Another important factor of a company to look for is promoters skin in the game,which is there as promoter holds 70.05 %.
Another recent development is that FII are entering the stock.
5/n
The confluence of strong technical as well as fundamental factors.Coupled with big INDUSTRY TAILWINDS. This company can give good returns going forward.
The BREAKOUT is supported by VOLUMES and FOLLOW UP buying.
I may be wrong in my analysis
Not a recommendation to buy.
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