What Is Action Construction Equipment Limited's (NSE:ACE) Share Price Doing?
Oct 30
Indian (NIFTY) Machinery Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies187
- 7D-3.4%
- 3M1.4%
- 1Y34.0%
- YTD33.3%
Over the last 7 days, the Machinery industry has dropped 3.4%, driven by a pullback from Schaeffler India of 3.2%. On the other hand Jupiter Wagons is actually up 7.3%. In the past year, the industry has gained 34%. Earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Indian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | ₹6.1t | ₹2.1t | ₹162.0b | 30.5x | 37.7x | 2.9x |
| Wed, 27 Sep 2023 | ₹6.2t | ₹2.1t | ₹161.3b | 29.7x | 38.5x | 3x |
| Fri, 25 Aug 2023 | ₹6.2t | ₹2.1t | ₹161.4b | 30.7x | 38.2x | 3x |
| Sun, 23 Jul 2023 | ₹5.8t | ₹2.0t | ₹150.0b | 28.8x | 38.6x | 2.9x |
| Tue, 20 Jun 2023 | ₹5.5t | ₹2.0t | ₹144.1b | 27.6x | 38.2x | 2.8x |
| Thu, 18 May 2023 | ₹5.0t | ₹1.9t | ₹131.6b | 27.3x | 37.9x | 2.6x |
| Sat, 15 Apr 2023 | ₹4.7t | ₹1.9t | ₹129.6b | 24x | 36.5x | 2.5x |
| Mon, 13 Mar 2023 | ₹4.7t | ₹1.9t | ₹129.6b | 23.6x | 36.1x | 2.5x |
| Wed, 08 Feb 2023 | ₹4.5t | ₹1.8t | ₹121.1b | 24.3x | 37.5x | 2.5x |
| Fri, 06 Jan 2023 | ₹4.6t | ₹1.8t | ₹112.5b | 25.5x | 40.5x | 2.5x |
| Sun, 04 Dec 2022 | ₹4.8t | ₹1.8t | ₹110.8b | 26.5x | 42.9x | 2.7x |
| Tue, 01 Nov 2022 | ₹4.6t | ₹1.7t | ₹104.3b | 27.4x | 44.6x | 2.8x |
| Thu, 29 Sep 2022 | ₹4.4t | ₹1.7t | ₹102.7b | 27x | 42.4x | 2.6x |
| Sat, 27 Aug 2022 | ₹4.4t | ₹1.7t | ₹100.0b | 25.3x | 43.7x | 2.6x |
| Mon, 25 Jul 2022 | ₹3.9t | ₹1.5t | ₹89.8b | 25.1x | 43.6x | 2.6x |
| Wed, 22 Jun 2022 | ₹3.6t | ₹1.5t | ₹89.3b | 23.8x | 40.1x | 2.4x |
| Fri, 20 May 2022 | ₹3.5t | ₹1.4t | ₹86.1b | 23.2x | 40.4x | 2.4x |
| Sun, 17 Apr 2022 | ₹3.7t | ₹1.4t | ₹84.0b | 24.6x | 44.5x | 2.6x |
| Tue, 15 Mar 2022 | ₹3.5t | ₹1.4t | ₹84.0b | 24.3x | 41.7x | 2.5x |
| Thu, 10 Feb 2022 | ₹3.7t | ₹1.4t | ₹86.3b | 25.9x | 43.1x | 2.7x |
| Sat, 08 Jan 2022 | ₹3.7t | ₹1.4t | ₹87.0b | 25.3x | 42.9x | 2.7x |
| Mon, 06 Dec 2021 | ₹3.5t | ₹1.4t | ₹85.7b | 21.2x | 40.6x | 2.5x |
| Wed, 03 Nov 2021 | ₹3.3t | ₹1.3t | ₹78.5b | 22.5x | 42.1x | 2.5x |
| Fri, 01 Oct 2021 | ₹3.4t | ₹1.3t | ₹79.6b | 24x | 42.1x | 2.6x |
| Sun, 29 Aug 2021 | ₹3.2t | ₹1.3t | ₹77.9b | 22.1x | 40.6x | 2.4x |
| Mon, 05 Jul 2021 | ₹3.0t | ₹1.3t | ₹76.7b | 20.2x | 38.8x | 2.3x |
| Thu, 08 Apr 2021 | ₹2.6t | ₹1.2t | ₹59.9b | 18.4x | 43.5x | 2.2x |
| Sun, 10 Jan 2021 | ₹2.1t | ₹1.1t | ₹40.9b | 22.9x | 51.5x | 2x |
Price to Earnings Ratio
52.5x
Current Industry PE
- Investors are pessimistic on the Indian Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 37.7x which is lower than its 3-year average PE of 43.0x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 70% per year over the last three years.
- Revenues for these companies have grown 26% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Industrials industry?
| IN Market | -2.60% | |
| Industrials | -3.30% | |
| Machinery | -3.42% | |
| Construction Machinery and Vehicles | -2.58% | |
| Agricultural Machinery | -3.21% | |
| Industrial Machinery | -3.83% | |
Industry PE
- Investors are most optimistic about the Agricultural Machinery industry which is trading above its 3-year average PE ratio of 28.7x.
- Analysts are expecting annual earnings growth of 20.8%, which is lower than the prior year's growth of 26.2% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 61.5x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 21% over the next 5 years.
- However this is lower than its past earnings growth rate of 26% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| JWL Jupiter Wagons | ₹316.95 | 7.3% +₹8.6b | 331.2% | PE74.2x | |
| AIAENG AIA Engineering | ₹3.49k | 2.5% +₹7.9b | 30.2% | PE28.9x | |
| ELGIEQUIP Elgi Equipments | ₹501.20 | 5.1% +₹7.7b | 3.4% | PE41.5x | |
| ACE Action Construction Equipment | ₹768.55 | 7.6% +₹6.5b | 149.1% | PE46.8x | |
| 506076 Grindwell Norton | ₹2.13k | 2.6% +₹6.0b | 0.9% | PE64.4x |
