ACSET

What ACSET does

ACSET is a Jakarta-headquartered construction services company founded in 1995 and publicly listed on the Indonesia Stock Exchange under the ticker IDX:ACST. The firm employs between 1,001 and 5,000 people and operates within Indonesia's mid-to-large contractor segment, serving the local infrastructure, building, and industrial construction markets typical of Indonesian project delivery.

The company's business model is project-based, generating revenue through construction contracts whose size and timing produce the lumpiness visible in the disclosed financial series. Revenue has swung widely across recent years, from approximately IDR 1.04 trillion in 2022 to IDR 3.17 trillion in 2024 before declining to roughly IDR 2.37 trillion in the most recently reported period. Gross profit, EBITDA, and net income are reported as negative across the disclosed series, indicating that scale has not yet translated into sustained profitability.

ACSET's technology footprint is not documented in the available data: the corporate website at acset.co returned an HTTP 500 error during retrieval, and no product, platform, or technical architecture details are exposed. The firm's competitive position rests on its three-decade operating history, Jakarta-based relationships, and contractor scale rather than on disclosed proprietary technology. Enterprise value of approximately IDR 2.73 trillion (~US$170M) places it as a small-cap within the Indonesian listed construction universe.

Name

ACSET

Website

https://acset.co

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ACSET is a Jakarta-based construction services contractor founded in 1995 and publicly listed on the Indonesia Stock Exchange (IDX:ACST), serving Indonesia's infrastructure and building project market with a workforce of 1,001–5,000.

Ownership category

akta.pro rank

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales

Core offering

ACSET is a construction service company operating in Indonesia. Founded in 1995 and headquartered in Jakarta, it provides construction-related services to organizational clients and is publicly listed on the Indonesia Stock Exchange under the ticker ACST.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Direct peers

• PT PP (Persero) Tbk: Indonesian state-owned construction and EPC contractor listed on IDX (PTPP). Directly comparable to ACSET as a public Indonesian construction services firm with overlapping infrastructure and building segments.
• PT Waskita Karya (Persero) Tbk: Indonesian state-owned construction company listed on IDX (WSKT). Directly comparable to ACSET in Indonesian construction services, including infrastructure and building projects.
• PT Total Bangun Persada Tbk: Indonesian private construction services company listed on IDX (TOTL), focused on building and infrastructure construction. Directly comparable to ACSET as a non-SOE public Indonesian construction firm.
• PT Nusa Konstruksi Enjiniring Tbk: Indonesian publicly listed construction and engineering services firm (DGIK). Directly comparable to ACSET in offering construction and engineering services to Indonesian infrastructure clients.
• PT Surya Semesta Internusa Tbk: Indonesian publicly listed construction and property group (SSIA) with a construction services arm. Comparable to ACSET in Indonesian construction services delivery and project execution.
• PT Brantas Abipraya (Persero): Indonesian state-owned construction company specializing in water infrastructure and general construction. Directly comparable to ACSET in Indonesian construction services, particularly civil and infrastructure works.
• PT Adhi Karya (Persero) Tbk: Indonesian state-owned construction company listed on IDX (ADHI), active in infrastructure, building, and EPC. Directly comparable to ACSET in terms of project mix and Indonesian market focus.
• PT Wijaya Karya (Persero) Tbk: Indonesian state-owned general construction and infrastructure contractor listed on IDX (WIKA). Directly comparable to ACSET as a public Indonesian construction services firm with similar end markets and project types.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ACSET