Action Construction Equipment Ltd

About

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 2,962 Cr.
  • Current Price 261
  • High / Low 292 / 66.6
  • Stock P/E 28.6
  • Book Value 46.1
  • Dividend Yield 0.19 %
  • ROCE 20.8 %
  • ROE 16.5 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Debtor days have increased from 50.84 to 66.83 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
344 363 300 293 268 289 305 101 268 400 457 322
323 337 276 272 248 267 278 101 244 355 408 291
Operating Profit 21 26 24 22 20 22 27 -0 24 45 50 30
OPM % 6% 7% 8% 7% 8% 8% 9% -0% 9% 11% 11% 9%
Other Income 3 3 2 2 2 2 -1 2 2 3 8 2
Interest 3 4 2 3 3 4 4 3 3 2 3 3
Depreciation 3 3 3 3 3 3 4 3 4 4 4 4
Profit before tax 19 22 21 18 16 17 18 -4 19 43 51 26
Tax % 33% 32% 41% 33% 8% 24% 25% 2% 23% 28% 24% 26%
Net Profit 12 15 12 12 14 13 14 -4 15 31 39 19
EPS in Rs 1.06 1.27 1.04 1.01 1.22 1.12 1.20 -0.38 1.29 2.72 3.40 1.70

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
427 695 857 668 616 599 637 751 1,087 1,343 1,156 1,227 1,448
394 636 804 639 591 580 607 712 995 1,245 1,065 1,108 1,298
Operating Profit 34 59 53 29 25 19 31 39 92 98 92 119 149
OPM % 8% 9% 6% 4% 4% 3% 5% 5% 8% 7% 8% 10% 10%
Other Income 6 6 5 5 5 12 10 8 8 10 4 15 15
Interest 4 5 7 10 10 13 14 16 14 12 15 12 12
Depreciation 5 7 13 14 15 10 11 12 12 12 13 14 14
Profit before tax 31 54 37 10 4 8 15 19 74 84 68 108 139
Tax % 27% 26% 27% 39% 24% 35% 42% 27% 30% 33% 23% 26%
Net Profit 24 42 28 7 5 7 10 15 52 56 52 80 103
EPS in Rs 2.62 4.48 3.05 0.75 0.46 0.67 0.85 1.31 4.44 4.78 4.63 7.03 9.11
Dividend Payout % 38% 45% 7% 27% 22% 30% 24% 23% 11% 10% 11% 7%
Compounded Sales Growth
10 Years:6%
5 Years:14%
3 Years:4%
TTM:50%
Compounded Profit Growth
10 Years:7%
5 Years:52%
3 Years:15%
TTM:184%
Stock Price CAGR
10 Years:19%
5 Years:41%
3 Years:38%
1 Year:282%
Return on Equity
10 Years:9%
5 Years:13%
3 Years:14%
Last Year:17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
18 19 20 20 20 20 54 23 41 23 23 23
Reserves 141 232 261 266 267 272 259 311 359 414 420 501
Borrowings 30 72 145 156 150 138 124 114 61 53 82 54
128 166 155 166 168 180 213 229 373 396 429 478
Total Liabilities 317 488 580 607 605 609 620 677 817 887 954 1,055
79 159 232 257 274 283 315 346 337 341 412 429
CWIP 39 5 7 12 4 7 2 7 5 8 19 13
Investments 0 5 8 13 12 14 17 18 35 45 28 31
198 319 334 325 314 305 286 305 439 493 494 582
Total Assets 317 488 580 607 605 609 620 677 817 887 954 1,055

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
35 -1 15 43 38 40 57 76 89 72 48 86
-18 -31 -72 -46 -21 -14 -25 -17 -35 -27 -20 -16
-16 37 54 -2 -19 -26 -33 -57 -53 -44 -33 -40
Net Cash Flow 1 5 -3 -4 -3 -1 -0 2 1 2 -5 30

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 44 44 36 46 41 49 47 51 57 39 47 67
Inventory Days 67 86 78 110 133 119 102 78 69 79 124 113
Days Payable 74 80 44 78 96 98 93 102 112 105 147 141
Cash Conversion Cycle 37 49 70 77 78 70 56 27 14 14 24 39
Working Capital Days 44 50 50 55 60 48 38 12 6 8 19 21
ROCE % 18% 22% 12% 5% 3% 3% 6% 8% 19% 20% 16% 21%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
68.95 68.95 69.78 69.99 70.87 72.25 72.42 72.43 73.02 73.14 70.05 70.05
3.73 3.52 2.14 0.76 0.90 0.97 0.94 0.66 0.64 1.04 3.15 4.23
0.49 0.53 1.50 1.84 0.77 0.75 0.79 0.81 0.73 0.73 1.42 2.01
26.82 27.00 26.57 27.41 27.46 26.03 25.86 26.10 25.61 25.09 25.37 23.71

Documents