Action Construction Equipment Ltd

₹ 329 1.75%
02 Feb 2:40 p.m.
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 3,923 Cr.
  • Current Price 329
  • High / Low 355 / 175
  • Stock P/E 27.9
  • Book Value 68.8
  • Dividend Yield 0.19 %
  • ROCE 22.5 %
  • ROE 16.4 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 50.6% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last 3 years: -5.49%

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
268 289 305 101 268 400 457 322 361 437 511 498 492
248 267 278 101 244 355 408 291 326 397 463 457 447
Operating Profit 20 22 27 -0 24 45 50 30 35 39 47 41 45
OPM % 8% 8% 9% -0% 9% 11% 11% 9% 10% 9% 9% 8% 9%
2 2 -1 2 2 3 8 2 2 5 5 24 6
Interest 3 4 4 3 3 2 3 3 3 3 4 2 2
Depreciation 3 3 4 3 4 4 4 4 4 4 4 5 4
Profit before tax 16 17 18 -4 19 43 51 26 30 37 44 59 45
Tax % 8% 24% 25% 2% 23% 28% 24% 26% 23% 26% 20% 23% 25%
Net Profit 14 13 14 -4 15 31 39 19 23 27 35 45 34
EPS in Rs 1.22 1.12 1.20 -0.38 1.29 2.72 3.40 1.70 1.92 2.30 2.97 3.65 2.85
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
695 857 668 616 599 637 751 1,087 1,343 1,156 1,227 1,630 1,937
636 804 639 591 580 607 712 995 1,245 1,065 1,108 1,478 1,764
Operating Profit 59 53 29 25 19 31 39 92 98 92 119 151 172
OPM % 9% 6% 4% 4% 3% 5% 5% 8% 7% 8% 10% 9% 9%
6 5 5 5 12 10 8 8 10 4 15 15 41
Interest 5 7 10 10 13 14 16 14 12 15 12 14 11
Depreciation 7 13 14 15 10 11 12 12 12 13 14 15 17
Profit before tax 54 37 10 4 8 15 19 74 84 68 108 137 185
Tax % 26% 27% 39% 24% 35% 42% 27% 30% 33% 23% 26% 24%
Net Profit 40 27 6 3 5 9 14 52 56 52 80 105 142
EPS in Rs 4.48 3.05 0.75 0.46 0.67 0.85 1.31 4.44 4.78 4.63 7.03 8.82 11.77
Dividend Payout % 45% 7% 27% 22% 30% 24% 23% 11% 10% 11% 7% 7%
Compounded Sales Growth
10 Years: 7%
5 Years: 17%
3 Years: 7%
TTM: 26%
Compounded Profit Growth
10 Years: 15%
5 Years: 51%
3 Years: 23%
TTM: 25%
Stock Price CAGR
10 Years: 33%
5 Years: 15%
3 Years: 59%
1 Year: 33%
Return on Equity
10 Years: 10%
5 Years: 14%
3 Years: 15%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
19 20 20 20 20 54 23 41 23 23 23 24 24
Reserves 232 261 266 267 272 259 311 359 414 420 501 730 796
72 145 156 150 138 124 114 61 53 82 55 9 112
166 155 166 168 180 213 229 373 396 429 477 519 526
Total Liabilities 488 580 607 605 609 620 677 817 887 954 1,055 1,282 1,458
159 232 257 274 283 315 346 337 341 412 429 452 447
CWIP 5 7 12 4 7 2 7 5 8 19 13 24 35
Investments 5 8 13 12 14 17 18 35 45 28 31 179 222
319 334 325 314 305 286 305 439 493 494 582 627 755
Total Assets 488 580 607 605 609 620 677 817 887 954 1,055 1,282 1,458

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-1 15 43 38 40 57 76 89 72 48 86 109
-31 -72 -46 -21 -14 -25 -17 -35 -27 -20 -16 -201
37 54 -2 -19 -26 -33 -57 -53 -44 -33 -40 65
Net Cash Flow 5 -3 -4 -3 -1 -0 2 1 2 -5 30 -27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 44 36 46 41 49 47 51 57 39 47 67 42
Inventory Days 86 78 110 133 119 102 78 69 79 124 113 104
Days Payable 80 44 78 96 98 93 102 112 105 147 141 113
Cash Conversion Cycle 49 70 77 78 70 56 27 14 14 24 39 34
Working Capital Days 50 48 51 55 35 28 2 1 6 16 21 19
ROCE % 22% 12% 5% 3% 3% 6% 8% 19% 20% 16% 21% 22%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
72.42 72.43 73.02 73.14 70.05 70.05 66.76 66.76 66.76 66.76 66.76 66.76
0.94 0.66 0.64 1.04 3.15 4.23 5.26 3.26 4.84 4.65 4.86 4.97
0.79 0.81 0.73 0.73 1.42 2.01 3.96 3.88 3.49 4.15 4.56 3.44
25.86 26.10 25.61 25.09 25.37 23.71 24.02 26.10 24.92 24.44 23.83 24.84

* 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

Concalls