Action Construction Equipment Ltd
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]
- Market Cap ₹ 15,497 Cr.
- Current Price ₹ 1,301
- High / Low ₹ 1,603 / 917
- Stock P/E 38.4
- Book Value ₹ 134
- Dividend Yield 0.15 %
- ROCE 40.3 %
- ROE 28.7 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 50.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
- Company's median sales growth is 17.8% of last 10 years
Cons
- Stock is trading at 9.70 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 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
615 | 598 | 637 | 751 | 1,086 | 1,342 | 1,156 | 1,227 | 1,630 | 2,158 | 2,912 | 3,320 | |
575 | 577 | 606 | 711 | 994 | 1,245 | 1,064 | 1,108 | 1,478 | 1,933 | 2,508 | 2,821 | |
Operating Profit | 39 | 21 | 31 | 40 | 92 | 98 | 92 | 119 | 152 | 225 | 404 | 500 |
OPM % | 6% | 4% | 5% | 5% | 8% | 7% | 8% | 10% | 9% | 10% | 14% | 15% |
-9 | 11 | 9 | 8 | 8 | 10 | 4 | 15 | 11 | 22 | 76 | 100 | |
Interest | 10 | 13 | 14 | 16 | 14 | 12 | 15 | 12 | 9 | 10 | 23 | 29 |
Depreciation | 15 | 10 | 11 | 12 | 12 | 12 | 13 | 14 | 15 | 18 | 23 | 28 |
Profit before tax | 5 | 10 | 15 | 20 | 75 | 84 | 68 | 108 | 138 | 219 | 433 | 543 |
Tax % | 21% | 29% | 42% | 26% | 29% | 33% | 23% | 26% | 23% | 26% | 24% | 26% |
4 | 7 | 9 | 14 | 53 | 56 | 53 | 80 | 106 | 161 | 328 | 404 | |
EPS in Rs | 0.41 | 0.68 | 0.75 | 1.23 | 4.49 | 4.79 | 4.64 | 7.06 | 8.89 | 13.54 | 27.51 | 33.90 |
Dividend Payout % | 25% | 29% | 27% | 24% | 11% | 10% | 11% | 7% | 7% | 7% | 7% | 6% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 23% |
3 Years: | 27% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 57% |
5 Years: | 51% |
3 Years: | 56% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | 42% |
5 Years: | 95% |
3 Years: | 90% |
1 Year: | -9% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 24% |
3 Years: | 27% |
Last Year: | 29% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 20 | 23 | 23 | 23 | 23 | 23 | 23 | 24 | 24 | 24 | 24 |
Reserves | 288 | 293 | 283 | 334 | 382 | 414 | 420 | 501 | 731 | 885 | 1,196 | 1,573 |
150 | 138 | 154 | 114 | 78 | 53 | 82 | 55 | 30 | 7 | 4 | 15 | |
164 | 177 | 180 | 227 | 354 | 394 | 426 | 475 | 494 | 669 | 931 | 1,075 | |
Total Liabilities | 622 | 628 | 641 | 698 | 838 | 884 | 951 | 1,053 | 1,279 | 1,585 | 2,155 | 2,687 |
268 | 274 | 306 | 337 | 330 | 334 | 405 | 421 | 443 | 482 | 574 | 697 | |
CWIP | 2 | 6 | 1 | 6 | 4 | 7 | 18 | 13 | 24 | 24 | 44 | 28 |
Investments | 15 | 18 | 21 | 34 | 50 | 51 | 34 | 38 | 186 | 358 | 603 | 927 |
337 | 331 | 313 | 321 | 455 | 492 | 494 | 581 | 626 | 721 | 934 | 1,035 | |
Total Assets | 622 | 628 | 641 | 698 | 838 | 884 | 951 | 1,053 | 1,279 | 1,585 | 2,155 | 2,687 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
37 | 39 | 57 | 76 | 89 | 72 | 48 | 86 | 99 | 286 | 434 | 402 | |
-20 | -14 | -25 | -18 | -35 | -27 | -20 | -16 | -202 | -246 | -368 | -372 | |
-19 | -26 | -33 | -57 | -53 | -44 | -33 | -40 | 75 | -41 | -38 | -29 | |
Net Cash Flow | -2 | -1 | -0 | 2 | 1 | 2 | -5 | 29 | -27 | -0 | 28 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 41 | 49 | 47 | 50 | 57 | 39 | 46 | 67 | 42 | 29 | 21 | 30 |
Inventory Days | 132 | 119 | 101 | 78 | 68 | 79 | 124 | 113 | 104 | 99 | 99 | 82 |
Days Payable | 94 | 97 | 91 | 102 | 112 | 105 | 147 | 141 | 129 | 119 | 124 | 130 |
Cash Conversion Cycle | 79 | 72 | 57 | 27 | 13 | 14 | 23 | 39 | 18 | 9 | -4 | -18 |
Working Capital Days | 56 | 36 | 29 | 2 | 2 | 6 | 17 | 21 | 25 | -1 | -16 | 22 |
ROCE % | 3% | 4% | 6% | 8% | 18% | 20% | 16% | 21% | 22% | 27% | 43% | 40% |
Documents
Announcements
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Audio Clip Link For Q4FY2024-25 Conference Call Meeting.
21m - Audio link provided for Q4FY2024-25 conference call held on May 27, 2025.
- Result For The Financial Year 2024-25 6h
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9h - COPY OF NEWSPAPER PUBLICATION IS ATTACHED HEREWITH
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Intimation Of Grant Of Options Under Action Construction Equipment Limited Employees Stock Option Scheme - 2021.
9h - Grant of 35,069 ESOPs at Rs 1200 each, vesting over 3 years from June 1, 2025.
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Re-Appointments Of Following Independent Non-Executive Directors Of The Company Subject To The Approval Of The Shareholders Of The Company.
1. Mr. Shriniwas Vashisht, As Independent Non-Executive Director.
2. Dr. Jagan Nath Chamber, As Independent Non-Executive Director
10h - Re-appointment approved for two independent directors, effective Sep and Nov 2025, subject to shareholder approval.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2021
from web
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from bse
Concalls
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Feb 2025TranscriptNotesPPT
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Nov 2024Transcript PPT REC
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Nov 2024TranscriptNotesPPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Mar 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Sep 2021Transcript PPT
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Aug 2021Transcript PPT
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Aug 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021Transcript PPT
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Mar 2021Transcript PPT
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Feb 2021Transcript PPT
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Nov 2020TranscriptPPT
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Aug 2020TranscriptPPT
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Jun 2020TranscriptPPT
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Jan 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Aug 2019TranscriptPPT
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May 2019TranscriptPPT
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Dec 2017TranscriptNotesPPT
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]