Hello everyone
I can see the board meeting announcement and nothing else on BSE. If anyone knows what is happening in the company. It is falling continuously.
Oct End VAHAN Regn Numbers for ACE -
- Monthly registrations jump continue above 800. YoY 20% higher numbers, but MoM seems lower, we had the 2 biggest festivals, so not sure if that had a impact.
- Nov/Dec month data will be crucial in determining if there will be growth in the last one year numbers. Otherwise the month did not have any surprises. Waiting for the Q2 results to be declared in coming week on Nov 8th.
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When you get chance, can you post updates on ACE registrations for November & December please?
Nov# 744
Dec (till 27-Dec) # 734
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Excellent numbers by ACE considering the total number of permits declined by more than 50% in Dec (15L) compared to Nov (32L).
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As per the Vahan sales data, it is clearly evident that ACE has outpaced the competition in terms of growth w.r.t last year. ACE have grown by 21% whereas ECL & JCB by 9 & 10% resp.
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Dec End VAHAN Regn Numbers for ACE -
- Volume recovery seen in Dec back to 870, after dipping below 750 in Nov.
- Last 3 Quarter are generally the slow ones, Q4 Jan-Mar is the best one. Lets see what happens in next quarter as things pan out.
- INDO FARM EQUIPMENT LIMITED IPO seems to be having a Price impact on ACE too in last few days. Need to do a more detailed post on the comparison, but seems based on Vahan details it is ~25% of ACE size.
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Jan Intermediate Update: On Jan 11th ACE already has 431 registrations. Last year, Jan 2024 entire month was 880 registrations. We have done almost 50% in 11 days. There are signs Q4 might be a block buster if this trend continues 
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This traction is also because of pre ordering sales due to BS5 transition.
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Jan 2025 sales is 1,242 units as per VAHAN.
It was 880 in Jan-24, so YoY 41% growth. Lets watch this entire summer how this goes.
Hope they have more updates on the new JV with Kato.
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There was not much about infra spending in the budget for 2025. Can we expect the growth rate of ACE to be impacted by this
Also any commentaries on the chart of ACE @hitesh2710
There was not much growth in Infra budget otherwise railway budget is 2.65 L crore and for Ministry of road and highway it is 2.87 L crore.
Got it, just read it here
link
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For the first time the quarterly NP has crossed the Rs 100 Cr mark. Revenues and NP up substantially both YoY as well as QoQ
ACE.pdf (504.2 KB)
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Since Q3 registrations were less than Q2 was skeptical about Q3 results, but the results are good. Would be interesting to study the concall. Hopefully the support of price 1230 would be saved now. Also the higher registrations that we are seeing since Jan 2025 along with price hikes will definitely result in blockbuster Q4. Fingers crossed.
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sales volumes could be affected due to slowdown in Govt. capex… valuations are quite high and so risk return is not favourable…
Where is the slow down in government capes ? Any evidence ?