Action Construction Equipment Ltd - Stock Valuation and Financial Performance

BSE: 532762 | NSE: ACE | Construction Vehicles | Small Cap

Action Const. Equip Share Price

1,251.60 -25.20 -1.97%
as on 19-Mar'24 11:01

DeciZen - make an informed investing decision on Action Const. Equip

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Action Construction Equipment stock performance -

mw4me loader
P/E Ratio (SA):
54.02
Market Cap:
15,204.5 Cr.
52-wk low:
356.4
52-wk high:
1,499

Is Action Construction Equipment Ltd an attractive stock to invest in?

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.8%2.5%3.7%5.5%12.9%12.9%12.4%15.3%16.5%20%-
Value Creation
Index
-0.7-0.8-0.7-0.6-0.1-0.1-0.10.10.20.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6155986377511,0861,3421,1561,2271,6302,1582,689
Sales YoY Gr.--2.8%6.6%17.9%44.7%23.6%-13.9%6.1%32.9%32.4%-
Adj EPS 10.20.61.24.44.74.66.78.913.723.6
YoY Gr.--77%156.5%110.2%258.1%5.4%-0.9%43.5%33.2%54.1%-
BVPS (₹) 25.325.823.830.434.637.33946.163.476.494.3
Adj Net
Profit
9.92.36.914.552.154.952.675.5106163282
Cash Flow from Ops. 36.939.257.476.489.272.14886.199.4286-
Debt/CF from Ops. 4.13.52.21.50.90.71.70.60.30-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15%14.7%23.1%32.4%
Adj EPS 33.7%25.2%43.4%54.1%
BVPS13%17.2%25.1%20.4%
Share Price 56.3% 64.6% 100.2% 231.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.30.82.14.213.7131215.616.519.627.7
Op. Profit
Mgn %
5.53.75.15.48.57.389.79.310.612.9
Net Profit
Mgn %
1.60.41.11.94.84.14.66.26.57.610.5
Debt to
Equity
0.60.50.40.30.20.10.20.100-
Working Cap
Days
18318716914012512615215313011069
Cash Conv.
Cycle
605645291615173020618

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 27.70%

Sales growth is growing at healthy rate in last 3 years 23.12%

Net Profit is growing at healthy rate in last 3 years 43.36%

Sales growth is good in last 4 quarters at 30.68%

No data to display

Latest Financials - Action Construction Equipment Ltd.

Standalone Consolidated
TTM EPS (₹) 23.6 23.3
TTM Sales (₹ Cr.) 2,689 2,692
BVPS (₹.) 94.3 95.1
Reserves (₹ Cr.) 1,099 1,109
P/BV 13.54 13.42
PE 54.02 54.82
From the Market
52 Week Low / High (₹) 356.40 / 1499.00
All Time Low / High (₹) 7.85 / 1499.00
Market Cap (₹ Cr.) 15,205
Equity (₹ Cr.) 23.8
Face Value (₹) 2
Industry PE 46.3

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6155986377511,0861,3421,1561,2271,6302,158
Operating Expenses 5915776067119941,2451,0641,1081,4781,933
Manufacturing Costs323235405165625979103
Material Costs4454324445297689807948561,1721,534
Employee Cost 42435154687586728498
Other Costs 72707688108125122121143198
Operating Profit 24213140929892119152225
Operating Profit Margin (%) 3.9%3.5%4.9%5.3%8.5%7.3%7.9%9.7%9.3%10.4%
Other Income 711988104151122
Interest 1013141614121512910
Depreciation 15101112121213141518
Exceptional Items 0000000000
Profit Before Tax 5101520758468108138219
Tax 1365222816283258
Profit After Tax 4791453565380106161
PAT Margin (%) 0.7%1.1%1.4%1.9%4.8%4.2%4.6%6.5%6.5%7.5%
Adjusted EPS (₹)0.40.70.71.24.54.84.67.18.913.5
Dividend Payout Ratio (%)25%29%27%24%11%10%11%7%7%7%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 308313336357406437443523755909
Share Capital 20205423232323232424
Reserves 288293283334382414420501731885
Minority Interest0000000000
Debt1411181069364447451296
Long Term Debt393224686437292000
Short Term Debt102868225174531296
Trade Payables114115111147236281320330413499
Others Liabilities 58838710013212311414882171
Total Liabilities 6226286416988388849511,0531,2791,585

Fixed Assets

Gross Block333345401427421433512537566617
Accumulated Depreciation657294101104111119128135146
Net Fixed Assets268274306326317322393409431470
CWIP 26164718132424
Investments 1518213450513438186358
Inventories161141123113144212270266332417
Trade Receivables688181104170144147225190169
Cash Equivalents 1411111311119361432
Others Assets9497981021431377967102113
Total Assets 6226286416988388849511,0531,2791,585

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 373957768972488699286
PBT 5101520758468108138219
Adjustment 24152025252131272942
Changes in Working Capital 91722364-11-34-25-3587
Tax Paid -1-30-4-15-22-16-24-33-62
Cash Flow From Investing Activity -20-14-25-18-35-27-20-16-202-246
Capex -25-13-25-6-4-16-82-25-44-62
Net Investments 2-3-3-6-7-1116-6-159-193
Others 323-6-240461529
Cash Flow From Financing Activity -19-26-33-57-53-44-33-4075-41
Net Proceeds from Shares 000000001360
Net Proceeds from Borrowing 000172-14-9-14-180
Interest Paid -10-13-14-16-14-12-15-12-9-10
Dividend Paid -2-1-50-4-6-140-6-7
Others -7-12-14-58-38-124-14-27-23
Net Cash Flow -2-1-1212-529-270
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.622.673.294.5413.813.3311.9716.616.5719.37
ROCE (%)3.875.697.037.8818.4719.6816.3121.8921.7126.99
Asset Turnover Ratio1.0411.061.191.431.561.261.221.41.51
PAT to CFO Conversion(x)9.255.576.335.431.681.290.911.080.931.78
Working Capital Days
Receivable Days43434442454346554630
Inventory Days86887254434876806763
Payable Days889793899196138139116108

Action Construction Equipment Ltd Stock 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 19-Mar-2024 11:01 is ₹1,251.6.
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 19-Mar-2024 11:01 the market cap of Action Const. Equip stood at ₹15,204.5.
The latest P/E ratio of Action Const. Equip as of 19-Mar-2024 11:01 is 54.02.
The latest P/B ratio of Action Const. Equip as of 19-Mar-2024 11:01 is 13.54.
The 52-week high of Action Const. Equip is ₹1,499 and the 52-week low is ₹356.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Action Const. Equip is ₹2,689 ( 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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