The company is the world's largest Pick & Carry crane manufacturer with 63%+ market share in the Mobile cranes segment in India and 60%+ market share in the Tower Cranes segment domestically. Despite facing a 4% year-on-year revenue decline in non-agricultural segments, the company remains optimistic about future growth driven by government spending and infrastructure initiatives, with strategic investments in AI integration and advanced safety features in cranes expected to enhance competitiveness, while positioning to capitalize on the Production-Linked Incentive scheme.
ACE commands dominant market positions as the world's largest Pick & Carry crane manufacturer and India's leading forklift manufacturer. In 2024, revenue grew 14.18% to ₹33.27 billion with earnings up 24.70% to ₹4.09 billion. The company is almost debt-free with 51.1% profit growth CAGR over the last 5 years, though recent non-agricultural segment headwinds present execution risks.
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.
Open report →