Action Construction Equipment Ltd

Action Const.Eq. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Action Construction Equipment Ltd

₹ 1,257 -0.15%
28 Mar - close price
ace-cranes.com BSE: 532762 NSE: ACE
About

Action Construction Equipment Ltd is engaged in the business of manufacturing and marketing of hydraulic mobile cranes, mobile tower cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, motor graders and agriculture equipment like tractors, harvesters, rotavators, etc.

It was incorporated in 1995 and concluded its IPO in 2006.[1]

Key Points

Market Leadership
The company is the world’s largest Pick & Carry crane manufacturer with a 63%+ market share in the Mobile cranes segment in India and a 60%+ market share in the Tower Cranes segment domestically. [1] It is also India’s leading Forklift Manufacturer with a 19% market share and captured a 10%+ market share for tractors in Assam. [2] [3]

Website BSE NSE
  • Market Cap ₹ 14,970 Cr.
  • Current Price ₹ 1,257
  • High / Low ₹ 1,695 / 917
  • Stock P/E 39.0
  • Book Value ₹ 115
  • Dividend Yield 0.16 %
  • ROCE 42.7 %
  • ROE 30.8 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 42.5% CAGR over last 5 years
  • Debtor days have improved from 30.6 to 20.8 days.

Cons

  • Stock is trading at 10.9 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

Part of BSE 500 BSE 400 MidSmallCap Index Nifty Total Market Nifty MidSmallcap 400 Nifty Smallcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
437 511 499 491 555 613 650 672 753 836 734 754 873
397 463 455 446 493 539 569 583 650 706 635 646 743
Operating Profit 39 48 43 45 63 73 81 89 103 130 98 108 131
OPM % 9% 9% 9% 9% 11% 12% 13% 13% 14% 16% 13% 14% 15%
3 5 2 7 5 8 16 17 23 21 27 34 30
Interest 2 4 2 2 3 3 3 4 6 11 7 9 8
Depreciation 4 4 5 4 4 5 5 5 6 7 7 7 7
Profit before tax 37 45 40 47 60 73 89 97 115 133 111 126 145
Tax % 26% 20% 27% 23% 26% 29% 25% 24% 23% 26% 25% 25% 26%
28 36 29 36 45 52 67 74 89 98 84 94 107
EPS in Rs 2.31 3.02 2.42 2.99 3.75 4.37 5.65 6.19 7.43 8.24 7.03 7.92 9.00
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
668 615 598 637 751 1,086 1,342 1,156 1,227 1,630 2,158 2,912 3,197
638 575 577 606 711 994 1,245 1,064 1,108 1,478 1,933 2,508 2,731
Operating Profit 30 39 21 31 40 92 98 92 119 152 225 404 466
OPM % 4% 6% 4% 5% 5% 8% 7% 8% 10% 9% 10% 14% 15%
5 -9 11 9 8 8 10 4 15 11 22 76 112
Interest 10 10 13 14 16 14 12 15 12 9 10 23 35
Depreciation 14 15 10 11 12 12 12 13 14 15 18 23 27
Profit before tax 11 5 10 15 20 75 84 68 108 138 219 433 515
Tax % 35% 21% 29% 42% 26% 29% 33% 23% 26% 23% 26% 24%
7 4 7 9 14 53 56 53 80 106 161 328 383
EPS in Rs 0.73 0.41 0.68 0.75 1.23 4.49 4.79 4.64 7.06 8.89 13.54 27.51 32.19
Dividend Payout % 27% 25% 29% 27% 24% 11% 10% 11% 7% 7% 7% 7%
Compounded Sales Growth
10 Years: 17%
5 Years: 17%
3 Years: 33%
TTM: 19%
Compounded Profit Growth
10 Years: 56%
5 Years: 42%
3 Years: 63%
TTM: 36%
Stock Price CAGR
10 Years: 41%
5 Years: 107%
3 Years: 75%
1 Year: -12%
Return on Equity
10 Years: 16%
5 Years: 21%
3 Years: 23%
Last Year: 31%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 20 20 20 23 23 23 23 23 23 24 24 24 24
Reserves 284 288 293 283 334 382 414 420 501 731 885 1,196 1,349
156 150 138 154 114 78 53 82 55 30 7 4 114
162 164 177 180 227 354 394 426 475 494 669 931 818
Total Liabilities 621 622 628 641 698 838 884 951 1,053 1,279 1,585 2,155 2,304
251 268 274 306 337 330 334 405 421 443 482 574 581
CWIP 10 2 6 1 6 4 7 18 13 24 24 44 48
Investments 16 15 18 21 34 50 51 34 38 186 358 603 746
344 337 331 313 321 455 492 494 581 626 721 934 930
Total Assets 621 622 628 641 698 838 884 951 1,053 1,279 1,585 2,155 2,304

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
42 37 39 57 76 89 72 48 86 99 286 434
-45 -20 -14 -25 -18 -35 -27 -20 -16 -202 -246 -368
-2 -19 -26 -33 -57 -53 -44 -33 -40 75 -41 -38
Net Cash Flow -4 -2 -1 -0 2 1 2 -5 29 -27 -0 28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 46 41 49 47 50 57 39 46 67 42 29 21
Inventory Days 108 132 119 101 78 68 79 124 113 104 99 99
Days Payable 75 94 97 91 102 112 105 147 141 129 119 124
Cash Conversion Cycle 79 79 72 57 27 13 14 23 39 18 9 -4
Working Capital Days 52 56 36 29 2 2 6 17 21 25 -1 -16
ROCE % 5% 3% 4% 6% 8% 18% 20% 16% 21% 22% 27% 43%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 65.41% 65.41% 65.41%
4.84% 4.65% 4.86% 4.97% 5.63% 6.51% 8.96% 8.81% 9.35% 10.13% 10.48% 11.90%
3.49% 4.15% 4.56% 3.44% 3.54% 3.45% 2.79% 2.61% 2.21% 1.79% 1.61% 1.76%
24.92% 24.44% 23.83% 24.84% 24.08% 23.28% 21.48% 21.77% 21.64% 22.61% 22.43% 20.86%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.06% 0.06% 0.06% 0.06% 0.07%
No. of Shareholders 92,88892,54683,82091,63085,31988,8301,04,2471,14,4181,31,2561,74,7171,82,6071,62,240

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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DRHP

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