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

₹ 1,218 -2.33%
21 Feb - 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 ₹ 14,507 Cr.
  • Current Price ₹ 1,218
  • High / Low ₹ 1,695 / 1,044
  • Stock P/E 37.3
  • Book Value ₹ 116
  • Dividend Yield 0.16 %
  • ROCE 42.3 %
  • ROE 30.6 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 42.6% CAGR over last 5 years
  • Debtor days have improved from 30.5 to 20.6 days.

Cons

  • Stock is trading at 10.5 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 SmallCap BSE 250 SmallCap Index BSE Allcap Nifty 500 Nifty Smallcap 100

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
437 511 498 492 556 614 652 673 753 836 734 757 875
397 463 457 447 494 541 570 584 650 706 636 648 740
Operating Profit 39 47 41 45 62 73 82 89 103 130 99 109 135
OPM % 9% 9% 8% 9% 11% 12% 13% 13% 14% 16% 13% 14% 15%
3 5 24 6 8 3 16 17 23 21 28 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 44 59 45 62 68 90 97 114 133 112 127 149
Tax % 26% 20% 23% 25% 25% 31% 25% 24% 23% 26% 25% 25% 25%
27 35 45 34 47 47 68 74 88 98 84 95 112
EPS in Rs 2.30 2.97 3.65 2.85 3.90 4.00 5.67 6.21 7.41 8.27 7.07 7.96 9.38
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
668 616 599 637 751 1,087 1,343 1,156 1,227 1,630 2,160 2,914 3,202
639 591 580 607 712 995 1,245 1,065 1,108 1,478 1,939 2,510 2,730
Operating Profit 29 25 19 31 39 92 98 92 119 151 221 404 472
OPM % 4% 4% 3% 5% 5% 8% 7% 8% 10% 9% 10% 14% 15%
5 5 12 10 8 8 10 4 15 11 41 77 113
Interest 10 10 13 14 16 14 12 15 12 10 10 23 35
Depreciation 14 15 10 11 12 12 12 13 14 15 18 23 28
Profit before tax 10 4 8 15 19 74 84 68 108 137 234 434 521
Tax % 39% 24% 35% 42% 27% 30% 33% 23% 26% 24% 26% 24%
6 3 5 9 14 52 56 52 80 105 173 328 389
EPS in Rs 0.75 0.46 0.67 0.85 1.31 4.44 4.78 4.63 7.03 8.82 14.41 27.56 32.68
Dividend Payout % 27% 22% 30% 24% 23% 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: 60%
5 Years: 43%
3 Years: 63%
TTM: 41%
Stock Price CAGR
10 Years: 41%
5 Years: 75%
3 Years: 77%
1 Year: 4%
Return on Equity
10 Years: 17%
5 Years: 21%
3 Years: 23%
Last Year: 31%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 266 267 272 259 311 359 414 420 501 730 895 1,206 1,360
156 150 138 154 114 78 53 82 55 31 7 4 114
166 168 180 183 229 356 396 429 477 497 674 934 823
Total Liabilities 607 605 609 620 677 817 887 954 1,055 1,282 1,600 2,169 2,321
257 274 283 315 346 337 341 412 429 452 487 580 586
CWIP 12 4 7 2 7 5 8 19 13 24 24 44 54
Investments 13 12 14 17 18 35 45 28 31 179 349 594 737
325 314 305 286 305 439 493 494 582 627 739 951 945
Total Assets 607 605 609 620 677 817 887 954 1,055 1,282 1,600 2,169 2,321

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
43 38 40 57 76 89 72 48 86 104 274 433
-46 -21 -14 -25 -17 -35 -27 -20 -16 -201 -218 -368
-2 -19 -26 -33 -57 -53 -44 -33 -40 71 -41 -39
Net Cash Flow -4 -3 -1 -0 2 1 2 -5 30 -27 16 27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 51 57 39 47 67 42 29 21
Inventory Days 110 133 119 102 78 69 79 124 113 104 99 100
Days Payable 78 96 98 93 102 112 105 147 141 129 119 124
Cash Conversion Cycle 77 78 70 56 27 14 14 24 39 18 9 -4
Working Capital Days 51 55 35 28 2 1 6 16 21 24 -1 -16
ROCE % 5% 3% 3% 6% 8% 19% 20% 16% 21% 21% 26% 42%

Shareholding Pattern

Numbers in percentages

4 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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