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 ₹ 13,408 Cr.
- Current Price ₹ 1,126
- High / Low ₹ 1,600 / 917
- Stock P/E 31.7
- Book Value ₹ 136
- Dividend Yield 0.18 %
- ROCE 40.1 %
- ROE 28.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 51.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.8%
- Company's median sales growth is 17.8% of last 10 years
Cons
- Stock is trading at 8.30 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
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616 | 599 | 637 | 751 | 1,087 | 1,343 | 1,156 | 1,227 | 1,630 | 2,160 | 2,914 | 3,327 | 3,245 | |
591 | 580 | 607 | 712 | 995 | 1,245 | 1,065 | 1,108 | 1,478 | 1,939 | 2,510 | 2,821 | 2,745 | |
Operating Profit | 25 | 19 | 31 | 39 | 92 | 98 | 92 | 119 | 151 | 221 | 404 | 506 | 500 |
OPM % | 4% | 3% | 5% | 5% | 8% | 7% | 8% | 10% | 9% | 10% | 14% | 15% | 15% |
5 | 12 | 10 | 8 | 8 | 10 | 4 | 15 | 11 | 41 | 77 | 100 | 124 | |
Interest | 10 | 13 | 14 | 16 | 14 | 12 | 15 | 12 | 10 | 10 | 23 | 29 | 30 |
Depreciation | 15 | 10 | 11 | 12 | 12 | 12 | 13 | 14 | 15 | 18 | 23 | 28 | 29 |
Profit before tax | 4 | 8 | 15 | 19 | 74 | 84 | 68 | 108 | 137 | 234 | 434 | 549 | 565 |
Tax % | 24% | 35% | 42% | 27% | 30% | 33% | 23% | 26% | 24% | 26% | 24% | 25% | |
3 | 5 | 9 | 14 | 52 | 56 | 52 | 80 | 105 | 173 | 328 | 409 | 423 | |
EPS in Rs | 0.46 | 0.67 | 0.85 | 1.31 | 4.44 | 4.78 | 4.63 | 7.03 | 8.82 | 14.41 | 27.56 | 34.36 | 35.51 |
Dividend Payout % | 22% | 30% | 24% | 23% | 11% | 10% | 11% | 7% | 7% | 7% | 7% | 6% |
Compounded Sales Growth | |
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10 Years: | 19% |
5 Years: | 24% |
3 Years: | 27% |
TTM: | 8% |
Compounded Profit Growth | |
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10 Years: | 56% |
5 Years: | 51% |
3 Years: | 57% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | 40% |
5 Years: | 77% |
3 Years: | 54% |
1 Year: | -11% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 24% |
3 Years: | 27% |
Last Year: | 29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 267 | 272 | 259 | 311 | 359 | 414 | 420 | 501 | 730 | 895 | 1,206 | 1,591 |
150 | 138 | 154 | 114 | 78 | 53 | 82 | 55 | 31 | 7 | 4 | 16 | |
168 | 180 | 183 | 229 | 356 | 396 | 429 | 477 | 497 | 674 | 934 | 1,079 | |
Total Liabilities | 605 | 609 | 620 | 677 | 817 | 887 | 954 | 1,055 | 1,282 | 1,600 | 2,169 | 2,710 |
274 | 283 | 315 | 346 | 337 | 341 | 412 | 429 | 452 | 487 | 580 | 716 | |
CWIP | 4 | 7 | 2 | 7 | 5 | 8 | 19 | 13 | 24 | 24 | 44 | 29 |
Investments | 12 | 14 | 17 | 18 | 35 | 45 | 28 | 31 | 179 | 349 | 594 | 918 |
314 | 305 | 286 | 305 | 439 | 493 | 494 | 582 | 627 | 739 | 951 | 1,048 | |
Total Assets | 605 | 609 | 620 | 677 | 817 | 887 | 954 | 1,055 | 1,282 | 1,600 | 2,169 | 2,710 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
38 | 40 | 57 | 76 | 89 | 72 | 48 | 86 | 104 | 274 | 433 | 412 | |
-21 | -14 | -25 | -17 | -35 | -27 | -20 | -16 | -201 | -218 | -368 | -382 | |
-19 | -26 | -33 | -57 | -53 | -44 | -33 | -40 | 71 | -41 | -39 | -29 | |
Net Cash Flow | -3 | -1 | -0 | 2 | 1 | 2 | -5 | 30 | -27 | 16 | 27 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 51 | 57 | 39 | 47 | 67 | 42 | 29 | 21 | 29 |
Inventory Days | 133 | 119 | 102 | 78 | 69 | 79 | 124 | 113 | 104 | 99 | 100 | 83 |
Days Payable | 96 | 98 | 93 | 102 | 112 | 105 | 147 | 141 | 129 | 119 | 124 | 130 |
Cash Conversion Cycle | 78 | 70 | 56 | 27 | 14 | 14 | 24 | 39 | 18 | 9 | -4 | -18 |
Working Capital Days | -5 | -17 | -19 | -10 | 1 | 4 | 2 | 11 | 18 | -2 | -17 | -21 |
ROCE % | 3% | 3% | 6% | 8% | 19% | 20% | 16% | 21% | 21% | 26% | 42% | 40% |
Documents
Announcements
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Intimation Under Regulation 30(2) Of The SEBI (LODR) Regulation, 2015 And SEBI Circular No. SEBI/HO/CFD/POD2/CIR/P/0155 Dated November 11, 2024.
3h - Voluntary liquidation of Romania subsidiary SC FORMA SA; Rs.14.34 Crore received Sept 3, 2025; net worth Rs.15.18 Crore.
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Intimation Of Investor/Analyst Plant Visit.
3h - Investor/analyst plant visit on September 19, 2025 at Dudhola Link Road, Palwal from 10:00 a.m.
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Re-Appointment Mr. Shriniwas Vashisht As Non-Executive Independent Director & Mr. Jagan Nath Chamber As Non-Executive Independent Director At 31St AGM Of The Company Held On Friday August 29, 2025.
30 Aug - AGM approved re-appointment of Shriniwas Vashisht (from Sept 24, 2025) and Jagan Nath Chamber (from Nov 06, 2025), five-year terms.
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Appointment Of M/S Vasisht & Associates, Company Secretaries, As The Secretarial Auditors Of The Company For A Term Of Five Consecutive Years To Hold Office From The Conclusion Of This AGM Till The Conclusion Of AGM To Be Held In Calendar Year 2030 (April 01, 2025 To March 31, 2030).
30 Aug - M/s Vasisht & Associates appointed secretarial auditors for five years (Apr 01, 2025–Mar 31, 2030).
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Announcement under Regulation 30 (LODR)-Change in Management
30 Aug - Re-appointment of Shriniwas Vashisht (from 24 Sep 2025) and Jagan Nath Chamber (from 06 Nov 2025) for five years.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT REC
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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 2023TranscriptNotesPPT
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Nov 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]