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 ₹ 16,781 Cr.
- Current Price ₹ 1,409
- High / Low ₹ 1,695 / 780
- Stock P/E 45.9
- Book Value ₹ 116
- Dividend Yield 0.14 %
- ROCE 42.3 %
- ROE 30.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- 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 12.1 times its book value
* 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
Part of BSE Industrials Nifty Smallcap 250 BSE 250 SmallCap Index Nifty 500 Multicap 50:25:25 Nifty Smallcap 100
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
668 | 616 | 599 | 637 | 751 | 1,087 | 1,343 | 1,156 | 1,227 | 1,630 | 2,160 | 2,914 | 3,080 | |
639 | 591 | 580 | 607 | 712 | 995 | 1,245 | 1,065 | 1,108 | 1,478 | 1,939 | 2,510 | 2,640 | |
Operating Profit | 29 | 25 | 19 | 31 | 39 | 92 | 98 | 92 | 119 | 151 | 221 | 404 | 440 |
OPM % | 4% | 4% | 3% | 5% | 5% | 8% | 7% | 8% | 10% | 9% | 10% | 14% | 14% |
5 | 5 | 12 | 10 | 8 | 8 | 10 | 4 | 15 | 11 | 41 | 77 | 106 | |
Interest | 10 | 10 | 13 | 14 | 16 | 14 | 12 | 15 | 12 | 10 | 10 | 23 | 33 |
Depreciation | 14 | 15 | 10 | 11 | 12 | 12 | 12 | 13 | 14 | 15 | 18 | 23 | 26 |
Profit before tax | 10 | 4 | 8 | 15 | 19 | 74 | 84 | 68 | 108 | 137 | 234 | 434 | 486 |
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 | 366 | |
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 | 30.71 |
Dividend Payout % | 27% | 22% | 30% | 24% | 23% | 11% | 10% | 11% | 7% | 7% | 7% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 17% |
3 Years: | 33% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 60% |
5 Years: | 43% |
3 Years: | 63% |
TTM: | 56% |
Stock Price CAGR | |
---|---|
10 Years: | 44% |
5 Years: | 81% |
3 Years: | 84% |
1 Year: | 73% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 20 | 20 | 23 | 23 | 23 | 23 | 23 | 23 | 24 | 24 | 24 | 24 |
Reserves | 266 | 267 | 272 | 259 | 311 | 359 | 414 | 420 | 501 | 730 | 895 | 1,206 | 1,360 |
156 | 150 | 138 | 154 | 114 | 78 | 53 | 82 | 55 | 31 | 7 | 4 | 114 | |
166 | 168 | 180 | 183 | 229 | 356 | 396 | 429 | 477 | 497 | 674 | 934 | 823 | |
Total Liabilities | 607 | 605 | 609 | 620 | 677 | 817 | 887 | 954 | 1,055 | 1,282 | 1,600 | 2,169 | 2,321 |
257 | 274 | 283 | 315 | 346 | 337 | 341 | 412 | 429 | 452 | 487 | 580 | 586 | |
CWIP | 12 | 4 | 7 | 2 | 7 | 5 | 8 | 19 | 13 | 24 | 24 | 44 | 54 |
Investments | 13 | 12 | 14 | 17 | 18 | 35 | 45 | 28 | 31 | 179 | 349 | 594 | 737 |
325 | 314 | 305 | 286 | 305 | 439 | 493 | 494 | 582 | 627 | 739 | 951 | 945 | |
Total Assets | 607 | 605 | 609 | 620 | 677 | 817 | 887 | 954 | 1,055 | 1,282 | 1,600 | 2,169 | 2,321 |
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 | -16 |
ROCE % | 5% | 3% | 3% | 6% | 8% | 19% | 20% | 16% | 21% | 21% | 26% | 42% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4 Dec - Of Schedule of Analyst/Investor Institutional Meet is attached herewith.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4 Dec - Schedule of Analyst/Investor Institutional Meet on December 10, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
29 Nov - Schedule of Analyst/Investor Institutional Meet on December 6, 2024.
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Announcement under Regulation 30 (LODR)-Investor Presentation
20 Nov - Submission of Corporate Presentation for November 2024.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
15 Nov - Q2 FY25 earnings call transcript and financial results.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2021
from web
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Financial Year 2020
from bse
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Financial Year 2019
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Financial Year 2018
from bse
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from bse
Concalls
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Nov 2024Transcript PPT REC
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Nov 2024TranscriptNotesPPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Mar 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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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 2021TranscriptNotesPPT
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Jun 2021Transcript PPT
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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]