Action Construction Equipment Ltd

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

₹ 1,193 -0.68%
13 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

Market Leadership[1] [2]
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. It is also among the top 3 players in the forklift segment in India.

Website BSE NSE
  • Market Cap ₹ 14,206 Cr.
  • Current Price ₹ 1,193
  • High / Low ₹ 1,268 / 745
  • Stock P/E 31.8
  • Book Value ₹ 168
  • Dividend Yield 0.17 %
  • ROCE 32.4 %
  • ROE 23.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 41.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%

Cons

  • Stock is trading at 7.09 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

Industrials Capital Goods Agricultural, Commercial & Construction Vehicles Construction Vehicles

Part of Nifty Total Market Nifty MidSmallcap 400 Nifty 500 Multicap 50:25:25 Nifty 500 Nifty Smallcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
650 672 753 836 734 754 873 959 652 741 853 1,028 782
569 583 650 706 635 646 743 796 560 630 724 858 666
Operating Profit 81 89 103 130 98 108 131 163 92 111 129 170 116
OPM % 13% 13% 14% 16% 13% 14% 15% 17% 14% 15% 15% 17% 15%
16 17 23 21 27 34 30 8 51 41 36 -6 54
Interest 3 4 6 11 7 9 8 4 8 6 5 3 5
Depreciation 5 5 6 7 7 7 7 7 8 8 9 9 9
Profit before tax 89 97 115 133 111 126 145 160 127 137 151 151 157
Tax % 25% 24% 23% 26% 25% 25% 26% 26% 24% 24% 23% 28% 24%
67 74 89 98 84 94 107 118 97 104 116 109 119
EPS in Rs 5.65 6.19 7.43 8.24 7.03 7.92 9.00 9.94 8.13 8.72 9.73 9.14 9.96
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
598 637 751 1,086 1,342 1,156 1,227 1,630 2,158 2,912 3,320 3,274 3,403
577 606 711 994 1,245 1,064 1,108 1,478 1,933 2,508 2,821 2,773 2,878
Operating Profit 21 31 40 92 98 92 119 152 225 404 500 501 526
OPM % 3.5% 4.9% 5% 8% 7% 8% 10% 9% 10% 14% 15% 15% 15%
11 9 8 8 10 4 15 11 22 76 100 121 125
Interest 13 14 16 14 12 15 12 9 10 23 29 22 19
Depreciation 10 11 12 12 12 13 14 15 18 23 28 34 35
Profit before tax 10 15 20 75 84 68 108 138 219 433 543 566 597
Tax % 29% 42% 26% 29% 33% 23% 26% 23% 26% 24% 26% 25%
7 9 14 53 56 53 80 106 161 328 404 425 447
EPS in Rs 0.68 0.75 1.23 4.49 4.79 4.64 7.06 8.89 13.54 27.51 33.89 35.72 37.55
Dividend Payout % 29% 27% 24% 11% 10% 11% 7% 7% 7% 7% 6% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 22%
3 Years: 15%
TTM: 5%
Compounded Profit Growth
10 Years: 50%
5 Years: 41%
3 Years: 38%
TTM: 7%
Stock Price CAGR
10 Years: 39%
5 Years: 36%
3 Years: 19%
1 Year: 10%
Return on Equity
10 Years: 21%
5 Years: 25%
3 Years: 27%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 20 23 23 23 23 23 23 24 24 24 24 24
Reserves 293 283 334 382 414 420 501 731 885 1,196 1,573 1,977
138 154 114 78 53 82 55 30 7 4 15 7
177 180 227 354 394 426 475 494 669 931 1,075 1,228
Total Liabilities 628 641 698 838 884 951 1,053 1,279 1,585 2,155 2,687 3,236
274 306 337 330 334 405 421 443 482 574 696 760
CWIP 6 1 6 4 7 18 13 24 24 44 29 49
Investments 18 21 34 50 51 34 38 186 358 603 927 1,291
331 313 321 455 492 494 581 626 721 934 1,035 1,136
Total Assets 628 641 698 838 884 951 1,053 1,279 1,585 2,155 2,687 3,236

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
39 57 76 89 72 48 86 99 286 434 402 412
-14 -25 -18 -35 -27 -20 -16 -202 -246 -368 -372 -332
-26 -33 -57 -53 -44 -33 -40 75 -41 -38 -29 -51
Net Cash Flow -1 -0 2 1 2 -5 29 -27 -0 28 1 29
Free Cash Flow 27 32 61 58 50 11 70 55 224 270 209 328
CFO/OP 200% 185% 202% 113% 96% 70% 92% 87% 155% 133% 107% 113%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 49 47 50 57 39 46 67 42 29 21 30 32
Inventory Days 119 101 78 68 79 124 113 104 99 99 82 99
Days Payable 97 91 102 112 105 147 141 129 119 124 130 151
Cash Conversion Cycle 72 57 27 13 14 23 39 18 9 -4 -18 -19
Working Capital Days -16 -18 -10 1 4 3 11 18 -2 -16 -20 -25
ROCE % 4% 6% 8% 18% 20% 16% 21% 22% 27% 43% 40% 32%

Insights

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Nov 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 May 2024 Mar 2026
Agricultural Equipment - Sales Volume
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Cranes, Construction Equipment & Material Handling - Sales Volume
units
Export Countries
count
Mobile Cranes - Domestic Market Share
%
Sales and Service Network Locations
count
Tower Cranes - Domestic Market Share
%

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Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
66.76% 66.76% 66.76% 65.41% 65.41% 65.41% 65.41% 65.41% 65.42% 65.42% 65.42% 65.42%
8.96% 8.81% 9.35% 10.13% 10.48% 11.90% 11.57% 11.44% 10.36% 10.40% 9.58% 7.82%
2.79% 2.61% 2.21% 1.79% 1.61% 1.76% 1.97% 2.05% 1.83% 1.76% 1.84% 2.59%
21.48% 21.77% 21.64% 22.61% 22.43% 20.86% 20.97% 21.02% 22.33% 22.35% 23.10% 24.12%
0.03% 0.06% 0.06% 0.06% 0.06% 0.07% 0.07% 0.06% 0.06% 0.06% 0.05% 0.05%
No. of Shareholders 1,04,2471,14,4181,31,2561,74,7171,82,6071,62,2401,66,8731,71,6471,81,7661,81,8461,81,5421,83,575

* 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.

Click on the line-items to see the names of individual entities.

Documents

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