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

₹ 1,322 -3.58%
04 Oct - 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

Product Portfolio
The company manufactures products for diverse customer needs -
a. Cranes - Pick & Carry Crane, Lorry Loaders Crane, Self Erecting Tower Crane, Crawler Crane, Truck Crane and Tower Crane.
b. Construction Equipment - Backhoe Loader, Wheel Loader, Soil Compactor & Tandem Vibratory Roller and Motor Grader.
c. Material Handling - Forklift Trucks, Warehousing Equipment and Piling Rig.
d. Agriculture Equipment - Tractor, Track Combine, Wheel Harvester, and Rotovator.[1]

Website BSE NSE
  • Market Cap ₹ 15,737 Cr.
  • Current Price ₹ 1,322
  • High / Low ₹ 1,695 / 657
  • Stock P/E 45.7
  • Book Value ₹ 102
  • Dividend Yield 0.15 %
  • ROCE 42.7 %
  • ROE 30.8 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • 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 12.9 times its book value
  • Promoter holding has decreased over last quarter: -1.35%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
322 361 437 511 499 491 555 613 650 672 753 836 734
291 326 397 463 455 446 493 539 569 583 650 706 635
Operating Profit 30 35 39 48 43 45 63 73 81 89 103 130 98
OPM % 9% 10% 9% 9% 9% 9% 11% 12% 13% 13% 14% 16% 13%
2 2 3 5 2 7 5 8 16 17 23 21 27
Interest 3 3 2 4 2 2 3 3 3 4 6 11 7
Depreciation 4 4 4 4 5 4 4 5 5 5 6 7 7
Profit before tax 26 30 37 45 40 47 60 73 89 97 115 133 111
Tax % 26% 23% 26% 20% 27% 23% 26% 29% 25% 24% 23% 26% 25%
19 23 28 36 29 36 45 52 67 74 89 98 84
EPS in Rs 1.70 1.93 2.31 3.02 2.42 2.99 3.75 4.37 5.65 6.19 7.43 8.24 7.03
Raw PDF

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 2,995
638 575 577 606 711 994 1,245 1,064 1,108 1,478 1,933 2,508 2,575
Operating Profit 30 39 21 31 40 92 98 92 119 152 225 404 420
OPM % 4% 6% 4% 5% 5% 8% 7% 8% 10% 9% 10% 14% 14%
5 -9 11 9 8 8 10 4 15 11 22 76 88
Interest 10 10 13 14 16 14 12 15 12 9 10 23 27
Depreciation 14 15 10 11 12 12 12 13 14 15 18 23 25
Profit before tax 11 5 10 15 20 75 84 68 108 138 219 433 455
Tax % 35% 21% 29% 42% 26% 29% 33% 23% 26% 23% 26% 24%
7 4 7 9 14 53 56 53 80 106 161 328 344
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 28.89
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: 30%
Compounded Profit Growth
10 Years: 56%
5 Years: 42%
3 Years: 63%
TTM: 72%
Stock Price CAGR
10 Years: 45%
5 Years: 78%
3 Years: 70%
1 Year: 92%
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
Equity Capital 20 20 20 23 23 23 23 23 23 24 24 24
Reserves 284 288 293 283 334 382 414 420 501 731 885 1,196
156 150 138 154 114 78 53 82 55 30 7 4
162 164 177 180 227 354 394 426 475 494 669 931
Total Liabilities 621 622 628 641 698 838 884 951 1,053 1,279 1,585 2,155
251 268 274 306 337 330 334 405 421 443 482 574
CWIP 10 2 6 1 6 4 7 18 13 24 24 44
Investments 16 15 18 21 34 50 51 34 38 186 358 603
344 337 331 313 321 455 492 494 581 626 721 934
Total Assets 621 622 628 641 698 838 884 951 1,053 1,279 1,585 2,155

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

8 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 65.41%
5.26% 3.26% 4.84% 4.65% 4.86% 4.97% 5.63% 6.51% 8.96% 8.81% 9.35% 10.13%
3.96% 3.88% 3.49% 4.15% 4.56% 3.44% 3.54% 3.45% 2.79% 2.61% 2.21% 1.79%
24.02% 26.10% 24.92% 24.44% 23.83% 24.84% 24.08% 23.28% 21.48% 21.77% 21.64% 22.61%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.06% 0.06% 0.06%
No. of Shareholders 79,26495,01092,88892,54683,82091,63085,31988,8301,04,2471,14,4181,31,2561,74,717

* 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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