Action Const. Equip

₹1400 8.8 | 0.6%

WEBSITE BSE:532762 NSE : ACTION CONST 10 May, 16:01

Market Cap ₹16672 Cr.

Stock P/E 60.1

P/B 14.7

Current Price ₹1400

Book Value ₹ 95.1

Face Value 2

52W High ₹1693.1

Dividend Yield 0.07%

52W Low ₹ 435.9

Edit Ratio

Action Const. Equip Research see more...

Action Construction Equipment- A Proxy to the Capex and Infrastructure cycle?

Overview Inc. Year: 1995Industry: Construction Vehicles

Action Construction Equipment Ltd. Is an totally India-based material managing and production equipment manufacturing employer. The Company is engaged in manufacturing general purpose and special purpose machinery. The Company operates through segments, together with cranes, material dealing with/construction equipment, and agri device. The Company offers mobile cranes and tower cranes. The Company additionally provides cell and fixed tower cranes, crawler cranes, truck set up cranes, lorry loaders, backhoe loaders and loaders, vibratory rollers, forklifts, tractors and harvesters, and other construction gadget. The Company's manufacturing centres are placed at industrial townships of Faridabad, Haryana, and Kashipur, Uttarakhand. Its products are applicable in power tasks, ports and shipyards, dams, metro rail, roads, mining, metallic enterprise, engineering industry, railways, cement, petroleum, defense, warehousing, logistics and building creation, among others.

Action Const. Equip Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Action Const. Equip Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	361	437	511	498	492	556	614	652	673	753
Other Income	2	3	4	24	6	8	3	16	17	23
Total Income	363	440	515	522	498	564	617	668	690	776
Total Expenditure	326	397	463	457	447	494	541	570	584	650
Operating Profit	36	43	51	65	51	70	76	98	106	126
Interest	3	2	3	2	2	3	3	3	4	6
Depreciation	4	4	4	5	4	4	5	5	5	6
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	30	37	44	59	45	62	68	90	97	114
Provision for Tax	7	10	9	14	11	15	21	22	23	26
Profit After Tax	23	27	35	45	34	47	47	68	74	88
Adjustments	0	0	0	-2	0	-0	1	-0	-0	0
Profit After Adjustments	23	27	35	43	34	46	48	68	74	88
Adjusted Earnings Per Share	1.9	2.3	3	3.7	2.9	3.9	4	5.7	6.2	7.4

Action Const. Equip Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	668	616	599	637	751	1087	1343	1156	1227	1630	2160	2692
Other Income	5	5	12	10	8	8	10	4	15	11	41	59
Total Income	673	622	611	647	759	1094	1352	1160	1242	1640	2201	2751
Total Expenditure	639	591	580	607	712	995	1245	1065	1108	1478	1939	2345
Operating Profit	34	30	31	40	47	99	107	96	134	162	262	406
Interest	10	10	13	14	16	14	12	15	12	10	10	16
Depreciation	14	15	10	11	12	12	12	13	14	15	18	21
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	10	4	8	15	19	74	84	68	108	137	234	369
Provision for Tax	4	1	3	6	5	22	28	16	28	32	61	92
Profit After Tax	6	3	5	9	14	52	56	52	80	105	173	277
Adjustments	1	1	1	1	-1	0	0	0	0	0	-1	1
Profit After Adjustments	7	5	7	10	13	52	56	52	80	105	172	278
Adjusted Earnings Per Share	0.7	0.5	0.7	0.8	1.1	4.4	4.8	4.6	7	8.8	14.4	23.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	33%	23%	15%	12%
Operating Profit CAGR	62%	40%	21%	23%
PAT CAGR	65%	49%	27%	40%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	222%	113%	72%	53%
ROE Average	21%	18%	16%	10%
ROCE Average	29%	24%	22%	14%

Action Const. Equip Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	286	287	292	313	334	382	438	443	523	754	919
Minority's Interest	0	0	0	0	0	0	0	0	0	0	2
Borrowings	23	39	32	24	68	64	37	29	20	0	0
Other Non-Current Liabilities	8	9	14	23	12	20	18	18	18	17	17
Total Current Liabilities	290	269	272	260	263	350	394	464	494	511	663
Total Liabilities	607	605	609	620	677	817	887	954	1055	1282	1600
Fixed Assets	257	274	283	315	335	325	328	400	417	440	476
Other Non-Current Assets	65	45	66	54	69	97	112	68	47	140	212
Total Current Assets	285	285	260	250	272	396	446	486	591	703	911
Total Assets	607	605	609	620	677	817	887	954	1055	1282	1600

Action Const. Equip Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	22	17	15	14	4	6	7	8	3	33	6
Cash Flow from Operating Activities	43	38	40	57	76	89	72	48	86	104	274
Cash Flow from Investing Activities	-46	-21	-14	-25	-17	-35	-27	-20	-16	-201	-218
Cash Flow from Financing Activities	-2	-19	-26	-33	-57	-53	-44	-33	-40	71	-41
Net Cash Inflow / Outflow	-4	-3	-1	-1	2	1	2	-5	29	-27	16
Closing Cash & Cash Equivalent	17	15	14	14	6	7	8	3	33	6	21

Action Const. Equip Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.75	0.46	0.67	0.84	1.08	4.44	4.78	4.63	7.03	8.82	14.41
CEPS(Rs)	1.99	1.89	1.5	1.7	2.22	5.45	5.78	5.77	8.26	10.11	16.04
DPS(Rs)	0.2	0.1	0.2	0.2	0.3	0.5	0.5	0.5	0.5	0.6	1
Book NAV/Share(Rs)	22.73	22.9	23.35	21.56	28.47	32.57	37.29	39	46.11	63.32	77.14
Core EBITDA Margin(%)	4.2	3.82	2.98	4.55	4.95	8.33	7.28	7.92	9.7	9.29	10.23
EBIT Margin(%)	2.91	2.29	3.36	4.29	4.41	7.97	7.13	7.15	9.81	9.01	11.3
Pre Tax Margin(%)	1.42	0.69	1.29	2.21	2.41	6.73	6.27	5.88	8.81	8.43	10.82
PAT Margin (%)	0.87	0.52	0.84	1.28	1.76	4.73	4.17	4.54	6.5	6.44	8.01
Cash Profit Margin (%)	2.82	2.87	2.36	2.97	3.27	5.82	5.05	5.66	7.64	7.39	8.84
ROA(%)	1.03	0.56	0.87	1.41	2.16	6.97	6.58	5.7	7.94	8.98	12
ROE(%)	2.74	1.5	2.3	3.57	4.77	14.53	13.67	11.92	16.52	16.44	20.68
ROCE(%)	5.46	3.93	5.66	7.45	8.23	19.28	20.13	16.27	21.82	21.58	28.57
Receivable days	44.09	42.68	43.42	44.01	42.46	45.49	42.69	46	55.32	46.3	30.26
Inventory Days	73.63	86.35	88.42	71.98	54.36	42.84	48.56	76.33	79.82	67.13	63.54
Payable days	68.37	90.25	98.37	94.42	89.87	91.11	96.22	138.08	138.79	115.82	108.59
PER(x)	15.81	31.12	60.29	46.1	55.31	37.72	24.09	7.49	21.96	27.26	28.25
Price/Book(x)	0.52	0.63	1.73	1.79	2.1	5.14	3.08	0.89	3.35	3.8	5.28
Dividend Yield(%)	1.69	0.69	0.49	0.52	0.5	0.3	0.43	1.44	0.32	0.25	0.25
EV/Net Sales(x)	0.38	0.45	0.88	0.94	1.07	1.87	1.04	0.4	1.44	1.77	2.22
EV/Core EBITDA(x)	7.54	9.23	17.19	14.84	17	20.43	12.95	4.88	13.19	17.74	18.34
Net Sales Growth(%)	-21.99	-7.79	-2.77	6.36	17.84	44.67	23.56	-13.88	6.13	32.79	32.53
EBIT Growth(%)	-53.92	-26.93	41.6	37.19	21.66	148.77	9.38	-13.62	45.54	22	66.22
PAT Growth(%)	-77.42	-44.54	55.55	64.53	62.07	271.22	7.7	-6.34	52.07	31.59	64.75
EPS Growth(%)	-73.87	-38.13	45.08	24.82	29.07	310.25	7.6	-3.17	52.09	25.37	63.39
Debt/Equity(x)	0.69	0.66	0.6	0.44	0.34	0.2	0.12	0.19	0.1	0.04	0.01
Current Ratio(x)	0.98	1.06	0.96	0.96	1.04	1.13	1.13	1.05	1.2	1.38	1.38
Quick Ratio(x)	0.48	0.46	0.43	0.49	0.6	0.72	0.59	0.46	0.66	0.72	0.74
Interest Cover(x)	1.95	1.43	1.62	2.06	2.2	6.47	8.31	5.64	9.84	15.43	23.72
Total Debt/Mcap(x)	1.33	1.05	0.34	0.32	0.16	0.04	0.04	0.21	0.03	0.01	0

Action Const. Equip Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	66.76	66.76	66.76	66.76	66.76	66.76	66.76	66.76	66.76	66.76
FII	3.26	4.84	4.65	4.86	4.97	5.63	6.5	8.95	8.81	9.35
DII	3.88	3.49	4.15	4.56	3.44	3.53	3.46	2.79	2.61	2.21
Public	26.1	24.92	24.44	23.82	24.83	24.08	23.28	21.5	21.82	21.69
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.95	7.95	7.95	7.95	7.95	7.95	7.95	7.95	7.95	7.95
FII	0.39	0.58	0.55	0.58	0.59	0.67	0.77	1.07	1.05	1.11
DII	0.46	0.42	0.49	0.54	0.41	0.42	0.41	0.33	0.31	0.26
Public	3.11	2.97	2.91	2.84	2.96	2.87	2.77	2.56	2.6	2.58
Others	0	0	0	0	0	0	0	0	0	0
Total	11.91	11.91	11.91	11.91	11.91	11.91	11.91	11.91	11.91	11.91

Pros

Company has delivered good profit growth of 27% CAGR over last 5 years
Debtor days have improved from 115.82 to 108.59days.
Company is almost debt free.

Cons

Stock is trading at 14.7 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.

Action Const. Equip News

IPO

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Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Action Const. Equip

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Action Const. Equip Research see more...

Overview Inc. Year: 1995Industry: Construction Vehicles

Action Const. Equip Share Price

Alert Data

Quarterly Price

Peer Comparison

Action Const. Equip Quarterly Results

Action Const. Equip Profit & Loss

Growth Rates

Action Const. Equip Balance Sheet

Action Const. Equip Cash Flow

Action Const. Equip Ratios

Action Const. Equip Shareholding Pattern

Action Const. Equip News

IPO

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