Action Construction Equipment Ltd

Action Construction Equipment Ltd

₹ 1,490 -1.95%
21 Jun - close price
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]

  • Market Cap 17,738 Cr.
  • Current Price 1,490
  • High / Low 1,695 / 452
  • Stock P/E 54.0
  • Book Value 103
  • Dividend Yield 0.07 %
  • ROCE 42.2 %
  • ROE 30.6 %
  • Face Value 2.00

Pros

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

Cons

  • Stock is trading at 14.4 times its book value
  • Promoter holding has decreased over last 3 years: -3.29%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
457 322 361 437 511 498 492 556 614 652 673 753 836
408 291 326 397 463 457 447 494 541 570 584 650 706
Operating Profit 50 30 35 39 47 41 45 62 73 82 89 103 130
OPM % 11% 9% 10% 9% 9% 8% 9% 11% 12% 13% 13% 14% 16%
8 2 2 3 5 24 6 8 3 16 17 23 21
Interest 3 3 3 2 4 2 2 3 3 3 4 6 11
Depreciation 4 4 4 4 4 5 4 4 5 5 5 6 7
Profit before tax 51 26 30 37 44 59 45 62 68 90 97 114 133
Tax % 24% 26% 23% 26% 20% 23% 25% 25% 31% 25% 24% 23% 26%
39 19 23 27 35 45 34 47 47 68 74 88 98
EPS in Rs 3.40 1.70 1.92 2.30 2.97 3.65 2.85 3.90 4.00 5.67 6.21 7.41 8.27
Raw PDF

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
668 616 599 637 751 1,087 1,343 1,156 1,227 1,630 2,160 2,914
639 591 580 607 712 995 1,245 1,065 1,108 1,478 1,939 2,511
Operating Profit 29 25 19 31 39 92 98 92 119 151 221 403
OPM % 4% 4% 3% 5% 5% 8% 7% 8% 10% 9% 10% 14%
5 5 12 10 8 8 10 4 15 11 41 77
Interest 10 10 13 14 16 14 12 15 12 10 10 23
Depreciation 14 15 10 11 12 12 12 13 14 15 18 23
Profit before tax 10 4 8 15 19 74 84 68 108 137 234 434
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
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
Dividend Payout % 27% 22% 30% 24% 23% 11% 10% 11% 7% 7% 7% 4%
Compounded Sales Growth
10 Years: 17%
5 Years: 17%
3 Years: 33%
TTM: 35%
Compounded Profit Growth
10 Years: 60%
5 Years: 43%
3 Years: 63%
TTM: 109%
Stock Price CAGR
10 Years: 48%
5 Years: 74%
3 Years: 88%
1 Year: 226%
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
Equity Capital 20 20 20 23 23 23 23 23 23 24 24 24
Reserves 266 267 272 259 311 359 414 420 501 730 895 1,206
Preference Capital 0 0 0 30 0 17 0 0 0 0 0
156 150 138 124 114 61 53 82 55 31 7 4
166 168 180 213 229 373 396 429 477 497 674 935
Total Liabilities 607 605 609 620 677 817 887 954 1,055 1,282 1,600 2,169
257 274 283 315 346 337 341 412 429 452 487 580
CWIP 12 4 7 2 7 5 8 19 13 24 24 44
Investments 13 12 14 17 18 35 45 28 31 179 349 594
325 314 305 286 305 439 493 494 582 627 739 952
Total Assets 607 605 609 620 677 817 887 954 1,055 1,282 1,600 2,169

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 30
ROCE % 5% 3% 3% 6% 8% 19% 20% 16% 21% 21% 26%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.05% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76% 66.76%
4.23% 5.26% 3.26% 4.84% 4.65% 4.86% 4.97% 5.63% 6.51% 8.96% 8.81% 9.35%
2.01% 3.96% 3.88% 3.49% 4.15% 4.56% 3.44% 3.54% 3.45% 2.79% 2.61% 2.21%
23.71% 24.02% 26.10% 24.92% 24.44% 23.83% 24.84% 24.08% 23.28% 21.48% 21.77% 21.64%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.06% 0.06%
No. of Shareholders 61,09479,26495,01092,88892,54683,82091,63085,31988,8301,04,2471,14,4181,31,256

* 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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