Finally the Defence order comes in. Order value is not given, but i suspect the rough terrain cranes might be around 6-8 cr and Special Forklifts might be around 60-70cr. so total 66-78Cr. Hope the company can share the exact order value and execution timeframe.
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Do you suspect this to be the total order value 6/8 CR + 60/70 CR = 66/78 CR?
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ACE on its way to 30% plus growth YOY, in july and august till date. 2nd quarter will be an inch better than last one.
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Would a comparison with Sanghvi Movers be justified?
Although both operate in the infrastructure and construction sectors, their distinct business models expose them to different challenges and opportunities. Recognizing these nuances is crucial for making a meaningful comparison and avoiding an oversimplified evaluation of their performance.
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HI Ashwind,
in the recent concall, promoter said their stake sell was for a marqee investor but is there any name visible in the shareholding.
also domestic institutions are not showing any interest inspite of some fabulous 6 years of growth and above average guidance from the management for next 5 years.
How do you look at this?
thanks
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Maybe not buying like crazy but there’s definite DII interest. Also FIIs have been increasing so net-net there is institutional interest.
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Hi, IIFL initiated on Action with a add with a px target of 1465. Has anyone seen this report? would be useful to know their investment thesis?
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what does “px” means?
While looking for IIFL, found these two. However, I believe one should not give much weight to these reports. Sharing this to help you out.
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In the 2nd report (fundsindia), it compares with sanghvi movers - I guess Sanghvi is mostly in rentals. Not sure whether this is right comparison.
For my info and others, can we list the other competitors in this space.
I guess Escorts Kubota is one. Please correct or share other names. Might give an idea of the potential competition.
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As per Vaahan data…ACE vehicle registration is on higher side YoY…General Election and Monsoon did have an impact let’s see how the whole year pans out.
Discloser: Invested from Covid lows and holding for Long Term believing India’s Growth Story unfolding.
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ACE Forklifts for Ministry of Defence
An order of 99 forklifts from Ministry of Defence
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Current dip is a good opportunity to enter? PE wont be cheaper than this in correct market sentiments i guess.
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Sep End VAHAN Regn Numbers for ACE -
- Monthly registrations jump above 900 to 942. Seems there is a spurt in volumes now, after the monsoons.
- Q2 volumes were marginally higher than Q1, so operationally the sales should trend higher. Q2 FY25 was 2610 vs Q2 FY24 of 1940, quite a jump of ~30%
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From where do we get this info? Govt sites are not that easy to get info.
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https://vahan.parivahan.gov.in/vahan4dashboard/vahan/dashboardview.xhtml
You can go to tabular summary and change the filters as you like…
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Polar Capital Emerging Market Fund has entered ACE in this qtr. Looks Promoter gave them entry by selling
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its good see FII taking1+% stake in company at these levels.
FYI, there was no change in Promoter Holding, it was static at 65.41% in last 2 quarters, so this was mostly market buying by this FII.
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It had a huge retail holding in last few qtrs. They are selling in Panic now due to overall mkt corrections and sentiment. No as such change in company work. Prolonged monsoon this time might weigh on this qtrs result but provdes an opportunity if you are a long term India growth. We need huge Infra to be developed if we are ever to get out of our economic conditions.
Also the stock is little expensive but it’s the Mkt leader in its segment
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