Action Construction Equipment Ltd Stock Analysis

BSE: 532762 | NSE: ACE | Engineering - Industrial Equipments | Small Cap

BSE Share Price 08-Jun-2023 13:29
486.45 -4.95 (-1.01%)

DeciZen - Make an Informed Decision on Action Const. Equip

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Action Const. Equip Price Chart

P/E Ratio ( SA) :
36.30
Market Cap :
5,851.8 Cr.
52-wk low :
199
52-wk high :
505
Bole Toh?

1. Is Action Construction Equipment Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Action Construction Equipment Ltd is a average quality company.

2. Is Action Construction Equipment Ltd undervalued or overvalued?

The key valuation ratios of Action Construction Equipment Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Action Construction Equipment Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Action Construction Equipment Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Action Const. Equip:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Action Construction Equipment Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 4.2%3.8%2.5%3.7%5.3%12.7%12.6%12.4%15.3%17.2%-
Value Creation Index -0.7-0.7-0.8-0.7-0.6-0.1-0.1-0.10.10.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6686155986377511,0861,3421,1561,2271,6302,158
YoY Gr. Rt. %--7.9%-2.8%6.6%17.9%44.7%23.6%-13.9%6.1%32.9%-
Adj EPS 1.210.20.61.24.44.54.66.78.913.5
YoY Gr. Rt. %--16%-77%156.5%94.9%279.1%3.9%2.4%43.5%33.2%-
BVPS (₹) 24.925.325.823.830.434.637.33946.163.476.4
Adj Net Profit 11.89.92.36.913.551.153.252.675.5106161
Cash Flow from Ops. 42.336.939.257.476.489.272.14886.1109-
Debt/CF from Ops. 3.74.13.52.21.50.90.71.70.60.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.4%16.8%6.7%32.9%
Adj EPS 25%50.5%25.1%33.2%
BVPS 1115.819.437.5
Share Price 43.9% 27.5% 113.8% 120.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 3.93.30.82.13.913.412.61215.616.519.4
Op. Profit Mgn % 5.65.53.75.15.48.57.389.79.310.4
Net Profit Mgn % 1.81.60.41.11.84.744.66.26.57.5
Debt to Equity 0.60.60.50.40.30.20.10.20.100
Working Cap Days 172183187169140125126152153130131
Cash Conv. Cycle 6560564529161517302634

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.40%

Net Profit is growing at healthy rate in last 3 years 25.11%

Sales growth is good in last 4 quarters at 34.56%

Sales growth has been subdued in last 3 years 6.69%

Latest Financials - Action Construction Equipment Ltd.

Standalone Consolidated
TTM EPS (₹) 13.5 14.4
TTM Sales (₹ Cr.) 2,158 2,160
BVPS (₹.) 76.4 77.1
Reserves (₹ Cr.) 885 895
P/BV 6.44 6.40
PE 36.30 34.23
From the Market
52 Week Low / High (₹) 198.95 / 505.00
All Time Low / High (₹) 7.85 / 505.00
Market Cap (₹ Cr.) 5,852
Equity (₹ Cr.) 23.8
Face Value (₹) 2
Industry PE 33.3

Management X-Ray of Action Const. Equip :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Action Const. Equip

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Action Construction Equipment Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Action Const. Equip on 08-Jun-2023 13:29 is : 486.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Jun-2023 13:29 the market cap of Action Const. Equip stood at ₹ 5,851.8.
The latest PE ratio of Action Const. Equip as of 08-Jun-2023 13:29 is 36.30.
The latest PB ratio of Action Const. Equip as of 08-Jun-2023 13:29 is 6.44
The 52-week high of Action Const. Equip is ₹ 505.0 and the 52-week low is ₹ 198.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Action Const. Equip is ₹ 2,158 ( Cr.) .

About Action Construction Equipment Ltd

Action Construction Equipment (ACE) Company was promoted by Vijay Agarwal and his wife Mona Agarwal. It was incorporated on January 13, 1995 as a ‘Private Limited Company’ and was converted into a ‘Public Limited Company on October 4, 2005.

Action Construction Equipment Limited is the leading mobile crane manufacturing company in India, which has progressed all along to become a professionally managed ISO 9OOI Certified company. ACE is promoted by a technocrat, assisted by a team of experienced managers and engineers.

The company is more than a decade old enterprise and started with manufacturing of Hydraulic Mobile Cranes of different capacities under the brand name of ‘ACE’ at industrial township of Faridabad. ACE equipment is being successfully used in many industrial sectors like infrastructure, construction, roads, engineering industry, coal mines, chemical and fertilizer plants, power stations, ports, heavy project engineering industry, railways, cement industry, oil industry, defence etc. to name a few. ACE range of cranes can be adapted to satisfy a vast range of possible applications due to their versatility.

ACE products are supported by an all-India sales and service dealers network located at all the major locations. These outlets are fully equipped to provide genuine spare parts and services by company trained engineers. These dealership outlets are further supported by a dedicated product support division located at Faridabad and company offices located at Delhi, Mumbai, Chennai, Kolkatta, Vizag, Raipur, Ranchi and Trichy. It ensures the fastest supply of spare parts and services, which is unmatched in the industry.

In its endeavor to grow the business and offer quality products, the company has entered into series of marketing tie-ups with leading foreign companies like Autogru PM-Italy, Zoomlion-China, Maber-Italy, Tigieffe SRL-Italy, which facilitate the availability of latest technology and machines from around the world

The company has sold its equipment to most of the leading private and government sector companies in India such as Reliance Industries Ltd., Mumbai, Punj Lloyd Limited, New Delhi , ACC Limited, (M.P.) , Cimmco Birla Limited , Shapoorji Pallonji Co. Ltd., Mumbai, Central Coalfields Ltd., Ranchi , Western Coalfields Ltd., Nagpur , South Eastern Coalfields Ltd., Bilaspur, Northern Coalfields Ltd., Singrauli, S.C.C.L., Kothagudem Colleries , Jyoti Structures Ltd., Nasik, Express Crane Hiring Co., Baroda, Grasim Industries Limited, Dharwad, Humphreys & Glasgow Consultants Ltd., Mumbai, Steel Products Ltd., New Delhi, etc. Products of the company are also being exported to U.A.E., Qatar, Sultanate of Oman, Kuwait, South Africa, Kenya, Nigeria, Mauritius, Sri Lanka, Nepal, Bhutan, Bangladesh, Singapore and Portugal.

The company has an in-house R&D department, which has been working consistently for improving and upgrading the existing range of products and continuously working towards developing new products.

Product Range of the company includes:

  • Hydraulic Mobile Pick-n-Move Cranes -- it include 3X, Rhino-60, 90 and 120, 12XW, 15XW,20XW
  • Forklift Truck
  • Loaders including Front end loaderFEL-75, Backhoe loader
  • Tower cranes -- Mobile Tower Crane-2418 and 3625
  • Aerial Work Platforms
  • Mast Climbing Platforms / Lifts
  • Lorry Loaders / Truck Mounted Cranes
  • In 2011 the Company Launched new Model 15XW E -ACE launched its new generation pick & carry cranes models.

Awards/Achievements

  • The company has been awarded with CNBC TV18 Emerging India Award in the “Infrastructure” Category for the year 2006 sponsored by ICICI Bank and powered by CRISIL.
  • ACE has been certified as an ISO 9001 company by CVI.
  • In 2008 the company signed a Memorandum of Understanding with a Chinese company
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