Action Construction Equipments Ltd

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Action Construction Equipment is engaged in the business of manufacturing and marketing of Hydraulic Mobile Cranes, Mobile Tower Cranes, Crawler Cranes, Truck mounted Cranes, Material Handling equipment like Forklifts, Road construction equipment like Backhoe loaders, Compactors, Motor graders and agriculture equipment like Tractors, Harvesters, Rotavators etc.(Source : 201903 Annual Report Page No: 79)

  • Market Cap 1,770 Cr.
  • Current Price 156
  • High / Low 171 / 31.4
  • Stock P/E 32.3
  • Book Value 39.9
  • Dividend Yield 0.32 %
  • ROCE 16.1 %
  • ROE 11.8 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 63.81% CAGR over last 5 years

Cons

  • Company has a low return on equity of 12.99% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
336 344 363 300 293 268 289 305 101 268 400
309 323 337 276 272 248 267 278 101 244 355
Operating Profit 27 21 26 24 22 20 22 27 -0 24 45
OPM % 8% 6% 7% 8% 7% 8% 8% 9% -0% 9% 11%
Other Income 2 3 3 2 2 2 2 -1 2 2 3
Interest 3 3 4 2 3 3 4 4 3 3 2
Depreciation 3 3 3 3 3 3 3 4 3 4 4
Profit before tax 23 19 22 21 18 16 17 18 -4 19 43
Tax % 28% 33% 32% 41% 33% 8% 24% 25% 2% 23% 28%
Net Profit 17 12 15 12 12 14 13 14 -4 15 31
EPS in Rs 1.41 1.06 1.27 1.04 1.01 1.22 1.12 1.20 -0.38 1.29 2.72
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
428 427 695 857 668 616 599 637 751 1,087 1,343 1,156 1,075
409 394 636 804 639 591 580 607 712 995 1,245 1,065 979
Operating Profit 19 34 59 53 29 25 19 31 39 92 98 92 97
OPM % 4% 8% 9% 6% 4% 4% 3% 5% 5% 8% 7% 8% 9%
Other Income 17 6 6 5 5 5 12 10 8 8 10 4 6
Interest 4 4 5 7 10 10 13 14 16 14 12 15 13
Depreciation 6 5 7 13 14 15 10 11 12 12 12 13 14
Profit before tax 26 31 54 37 10 4 8 15 19 74 84 68 75
Tax % 28% 27% 26% 27% 39% 24% 35% 42% 27% 30% 33% 23%
Net Profit 20 24 42 28 7 5 7 10 15 52 56 52 55
EPS in Rs 2.21 2.62 4.48 3.05 0.75 0.46 0.67 0.85 1.31 4.44 4.78 4.63 4.83
Dividend Payout % 18% 38% 45% 7% 27% 22% 30% 24% 23% 11% 10% 11%
Compounded Sales Growth
10 Years:10%
5 Years:14%
3 Years:15%
TTM:-7%
Compounded Profit Growth
10 Years:8%
5 Years:64%
3 Years:52%
TTM:7%
Stock Price CAGR
10 Years:14%
5 Years:33%
3 Years:-6%
1 Year:129%
Return on Equity
10 Years:8%
5 Years:10%
3 Years:13%
Last Year:12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
18 18 19 20 20 20 20 54 23 41 23 23 23
Reserves 125 141 232 261 266 267 272 259 311 359 414 420 430
Borrowings 39 30 72 145 156 150 138 124 114 61 53 83 103
95 128 166 155 166 168 180 213 229 373 396 428 335
Total Liabilities 277 317 488 580 607 605 609 620 677 817 887 954 891
74 79 159 232 257 274 283 315 346 337 341 412 412
CWIP 1 39 5 7 12 4 7 2 7 5 8 19 23
Investments 0 0 5 8 13 12 14 17 18 35 45 28 30
201 198 319 334 325 314 305 286 305 439 493 494 426
Total Assets 277 317 488 580 607 605 609 620 677 817 887 954 891

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-5 35 -1 15 43 38 40 57 76 89 72 48
-8 -18 -31 -72 -46 -21 -14 -25 -17 -35 -27 -20
9 -16 37 54 -2 -19 -26 -33 -57 -53 -44 -33
Net Cash Flow -3 1 5 -3 -4 -3 -1 -0 2 1 2 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18% 18% 22% 12% 5% 3% 3% 6% 8% 19% 20% 16%
Debtor Days 44 44 44 36 46 41 49 47 51 57 39 47
Inventory Turnover 7.54 5.73 5.75 4.95 3.45 2.92 2.88 3.38 4.49 6.00 5.52 3.31

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
68.91 68.95 68.95 68.95 69.78 69.99 70.87 72.25 72.42 72.43 73.02 73.14
3.66 3.67 3.73 3.52 2.14 0.76 0.90 0.97 0.94 0.66 0.64 1.04
1.54 0.68 0.49 0.53 1.50 1.84 0.77 0.75 0.79 0.81 0.73 0.73
25.89 26.70 26.82 27.00 26.57 27.41 27.46 26.03 25.86 26.10 25.61 25.09

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