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 ₹ 5,812 Cr.
- Current Price ₹ 488
- High / Low ₹ 505 / 199
- Stock P/E 33.8
- Book Value ₹ 77.1
- Dividend Yield 0.12 %
- ROCE 28.9 %
- ROE 20.5 %
- 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 27.2% CAGR over last 5 years
- Debtor days have improved from 45.9 to 28.6 days.
Cons
- Promoter holding has decreased over last 3 years: -5.66%
* 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
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
857 | 668 | 616 | 599 | 637 | 751 | 1,087 | 1,343 | 1,156 | 1,227 | 1,630 | 2,160 | |
804 | 639 | 591 | 580 | 607 | 712 | 995 | 1,245 | 1,065 | 1,108 | 1,478 | 1,939 | |
Operating Profit | 53 | 29 | 25 | 19 | 31 | 39 | 92 | 98 | 92 | 119 | 151 | 221 |
OPM % | 6% | 4% | 4% | 3% | 5% | 5% | 8% | 7% | 8% | 10% | 9% | 10% |
5 | 5 | 5 | 12 | 10 | 8 | 8 | 10 | 4 | 15 | 15 | 41 | |
Interest | 7 | 10 | 10 | 13 | 14 | 16 | 14 | 12 | 15 | 12 | 14 | 10 |
Depreciation | 13 | 14 | 15 | 10 | 11 | 12 | 12 | 12 | 13 | 14 | 15 | 18 |
Profit before tax | 37 | 10 | 4 | 8 | 15 | 19 | 74 | 84 | 68 | 108 | 137 | 234 |
Tax % | 27% | 39% | 24% | 35% | 42% | 27% | 30% | 33% | 23% | 26% | 24% | 26% |
Net Profit | 27 | 6 | 3 | 5 | 9 | 14 | 52 | 56 | 52 | 80 | 105 | 173 |
EPS in Rs | 3.05 | 0.75 | 0.46 | 0.67 | 0.85 | 1.31 | 4.44 | 4.78 | 4.63 | 7.03 | 8.82 | 14.41 |
Dividend Payout % | 7% | 27% | 22% | 30% | 24% | 23% | 11% | 10% | 11% | 7% | 7% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 15% |
3 Years: | 23% |
TTM: | 33% |
Compounded Profit Growth | |
---|---|
10 Years: | 40% |
5 Years: | 27% |
3 Years: | 49% |
TTM: | 64% |
Stock Price CAGR | |
---|---|
10 Years: | 44% |
5 Years: | 27% |
3 Years: | 114% |
1 Year: | 126% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 16% |
3 Years: | 18% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
20 | 20 | 20 | 20 | 54 | 23 | 41 | 23 | 23 | 23 | 24 | 24 | |
Reserves | 261 | 266 | 267 | 272 | 259 | 311 | 359 | 414 | 420 | 501 | 730 | 895 |
145 | 156 | 150 | 138 | 124 | 114 | 61 | 53 | 82 | 55 | 9 | 7 | |
155 | 166 | 168 | 180 | 213 | 229 | 373 | 396 | 429 | 477 | 519 | 674 | |
Total Liabilities | 580 | 607 | 605 | 609 | 620 | 677 | 817 | 887 | 954 | 1,055 | 1,282 | 1,600 |
232 | 257 | 274 | 283 | 315 | 346 | 337 | 341 | 412 | 429 | 452 | 487 | |
CWIP | 7 | 12 | 4 | 7 | 2 | 7 | 5 | 8 | 19 | 13 | 24 | 24 |
Investments | 8 | 13 | 12 | 14 | 17 | 18 | 35 | 45 | 28 | 31 | 179 | 349 |
334 | 325 | 314 | 305 | 286 | 305 | 439 | 493 | 494 | 582 | 627 | 739 | |
Total Assets | 580 | 607 | 605 | 609 | 620 | 677 | 817 | 887 | 954 | 1,055 | 1,282 | 1,600 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15 | 43 | 38 | 40 | 57 | 76 | 89 | 72 | 48 | 86 | 109 | ||
-72 | -46 | -21 | -14 | -25 | -17 | -35 | -27 | -20 | -16 | -201 | ||
54 | -2 | -19 | -26 | -33 | -57 | -53 | -44 | -33 | -40 | 65 | ||
Net Cash Flow | -3 | -4 | -3 | -1 | -0 | 2 | 1 | 2 | -5 | 30 | -27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 36 | 46 | 41 | 49 | 47 | 51 | 57 | 39 | 47 | 67 | 42 | 29 |
Inventory Days | 78 | 110 | 133 | 119 | 102 | 78 | 69 | 79 | 124 | 113 | 104 | 99 |
Days Payable | 44 | 78 | 96 | 98 | 93 | 102 | 112 | 105 | 147 | 141 | 113 | 119 |
Cash Conversion Cycle | 70 | 77 | 78 | 70 | 56 | 27 | 14 | 14 | 24 | 39 | 34 | 9 |
Working Capital Days | 48 | 51 | 55 | 35 | 28 | 2 | 1 | 6 | 16 | 21 | 19 | 35 |
ROCE % | 12% | 5% | 3% | 3% | 6% | 8% | 19% | 20% | 16% | 21% | 22% | 29% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 4m
- Intimation Of Grant Of Options Under Action Construction Equipment Limited Employees Stock Option Scheme - 2021. 2d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Copies of the newspaper advertisement published in the FINANCIAL EXPRESS (English) and JANSATTA (Hindi) on June 01, 2023 for the Audited Financial Results for the …
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Audio Clip Link For Q4FY23/FY23 Conference Call Meeting.
1 Jun - Audio clip link for Q4FY23/FY23 Conference call meeting held on May 31, 2023.
- Re-Appointment Of Whole Time Directors Including Chairman & Managing Director Of The Company Subject To The Approval By The Shareholders Of The Company W.E.F. October 01, 2023. 31 May
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2021
from web
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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
from nse
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
from nse
Concalls
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 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 2021Transcript PPT
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May 2021TranscriptNotesPPT
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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
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]