BSE: 532762 | NSE: ACE | Construction Vehicles | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Action Construction Equipment Ltd is a good quality company.
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.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Action Construction Equipment Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.7% | 7% | 7.9% | 18.5% | 19.7% | 16.3% | 21.9% | 21.7% | 27% | 42.7% | - |
| Value Creation Index ⓘ | -0.6 | -0.5 | -0.4 | 0.3 | 0.4 | 0.2 | 0.6 | 0.6 | 0.9 | 2.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 598 | 637 | 751 | 1,086 | 1,342 | 1,156 | 1,227 | 1,630 | 2,158 | 2,912 | 3,077 |
| Sales YoY Gr. | - | 6.6% | 17.9% | 44.7% | 23.6% | -13.9% | 6.1% | 32.9% | 32.4% | 34.9% | - |
| Adj EPS ⓘ | 0.2 | 0.6 | 1.2 | 4.4 | 4.7 | 4.6 | 6.7 | 8.9 | 13.7 | 27.5 | 30.6 |
| YoY Gr. | - | 156.5% | 110.2% | 258.1% | 5.4% | -0.9% | 43.5% | 33.2% | 54.1% | 101.1% | - |
| BVPS (₹) ⓘ | 25.8 | 23.8 | 30.4 | 34.6 | 37.3 | 39 | 46.1 | 63.4 | 76.4 | 102.4 | 115.2 |
| Adj Net Profit ⓘ | 2.3 | 6.9 | 14.5 | 52.1 | 54.9 | 52.6 | 75.5 | 106 | 163 | 327 | 365 |
| Cash Flow from Ops. ⓘ | 39.2 | 57.4 | 76.4 | 89.2 | 72.1 | 48 | 86.1 | 99.4 | 286 | 434 | - |
| Debt/CF from Ops. ⓘ | 3.5 | 2.2 | 1.5 | 0.9 | 0.7 | 1.7 | 0.6 | 0.3 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 19.2% | 16.8% | 33.4% | 34.9% | ||||
| Adj EPS ⓘ | 70.2% | 42.5% | 60.4% | 101.1% | ||||
| BVPSⓘ | 16.5% | 22.4% | 30.4% | 34.1% | ||||
| Share Price | 41.1% | 74.6% | 76.6% | 50.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.8 | 2.1 | 4.2 | 13.7 | 13 | 12 | 15.6 | 16.5 | 19.6 | 30.8 | 28.2 |
| Op. Profit Mgn % ⓘ | 3.7 | 5.1 | 5.4 | 8.5 | 7.3 | 8 | 9.7 | 9.3 | 10.6 | 13.9 | 14.3 |
| Net Profit Mgn % ⓘ | 0.4 | 1.1 | 1.9 | 4.8 | 4.1 | 4.6 | 6.2 | 6.5 | 7.6 | 11.2 | 11.9 |
| Debt to Equity ⓘ | 0.5 | 0.4 | 0.3 | 0.2 | 0.1 | 0.2 | 0.1 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 187 | 169 | 140 | 125 | 126 | 152 | 153 | 130 | 110 | 102 | 70 |
| Cash Conv. Cycle ⓘ | 56 | 45 | 29 | 16 | 15 | 17 | 30 | 20 | 6 | -5 | 18 |
Return on Equity has increased versus last 3 years average to 28.20%
Sales growth is growing at healthy rate in last 3 years 33.38%
Net Profit is growing at healthy rate in last 3 years 60.41%
Sales growth is good in last 4 quarters at 24.26%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 30.6 | 30.7 |
| TTM Sales (₹ Cr.) | 3,077 | 3,080 |
| BVPS (₹.) ⓘ | 115.2 | 116.2 |
| Reserves (₹ Cr.) ⓘ | 1,349 | 1,360 |
| P/BV ⓘ | 10.63 | 10.55 |
| PE ⓘ | 40.01 | 39.90 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 781.15 / 1693.05 |
| All Time Low / High (₹) | 7.85 / 1693.05 |
| Market Cap (₹ Cr.) | 14,592 |
| Equity (₹ Cr.) | 23.8 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 31.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 598 | 637 | 751 | 1,086 | 1,342 | 1,156 | 1,227 | 1,630 | 2,158 | 2,912 |
| Operating Expenses ⓘ | 577 | 606 | 711 | 994 | 1,245 | 1,064 | 1,108 | 1,478 | 1,933 | 2,508 |
| Manufacturing Costs | 32 | 35 | 40 | 51 | 65 | 62 | 59 | 79 | 103 | 145 |
| Material Costs | 432 | 444 | 529 | 768 | 980 | 794 | 856 | 1,172 | 1,534 | 2,024 |
| Employee Cost | 43 | 51 | 54 | 68 | 75 | 86 | 72 | 84 | 98 | 119 |
| Other Costs ⓘ | 70 | 76 | 88 | 108 | 125 | 122 | 121 | 143 | 198 | 221 |
| Operating Profit ⓘ | 21 | 31 | 40 | 92 | 98 | 92 | 119 | 152 | 225 | 403 |
| Operating Profit Margin (%) | 3.5% | 4.9% | 5.3% | 8.5% | 7.3% | 7.9% | 9.7% | 9.3% | 10.4% | 13.8% |
| Other Income ⓘ | 11 | 9 | 8 | 8 | 10 | 4 | 15 | 11 | 22 | 76 |
| Interest ⓘ | 13 | 14 | 16 | 14 | 12 | 15 | 12 | 9 | 10 | 23 |
| Depreciation ⓘ | 10 | 11 | 12 | 12 | 12 | 13 | 14 | 15 | 18 | 23 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 10 | 15 | 20 | 75 | 84 | 68 | 108 | 138 | 219 | 433 |
| Tax ⓘ | 3 | 6 | 5 | 22 | 28 | 16 | 28 | 32 | 58 | 106 |
| Profit After Tax | 7 | 9 | 14 | 53 | 56 | 53 | 80 | 106 | 161 | 328 |
| PAT Margin (%) | 1.1% | 1.4% | 1.9% | 4.8% | 4.2% | 4.6% | 6.5% | 6.5% | 7.5% | 11.3% |
| Adjusted EPS (₹) | 0.7 | 0.7 | 1.2 | 4.5 | 4.8 | 4.6 | 7.1 | 8.9 | 13.5 | 27.5 |
| Dividend Payout Ratio (%) | 29% | 27% | 24% | 11% | 10% | 11% | 7% | 7% | 7% | 7% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 313 | 336 | 357 | 406 | 437 | 443 | 523 | 755 | 909 | 1,219 |
| Share Capital ⓘ | 20 | 54 | 23 | 23 | 23 | 23 | 23 | 24 | 24 | 24 |
| Reserves ⓘ | 293 | 283 | 334 | 382 | 414 | 420 | 501 | 731 | 885 | 1,195 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 118 | 106 | 93 | 64 | 44 | 74 | 51 | 29 | 6 | 4 |
| Long Term Debt | 32 | 24 | 68 | 64 | 37 | 29 | 20 | 0 | 0 | 0 |
| Short Term Debt | 86 | 82 | 25 | 1 | 7 | 45 | 31 | 29 | 6 | 4 |
| Trade Payables | 115 | 111 | 147 | 236 | 281 | 320 | 330 | 413 | 499 | 688 |
| Others Liabilities ⓘ | 83 | 87 | 100 | 132 | 123 | 114 | 148 | 82 | 171 | 348 |
| Total Liabilities ⓘ | 628 | 641 | 698 | 838 | 884 | 951 | 1,053 | 1,279 | 1,585 | 2,258 |
Fixed Assets | ||||||||||
| Gross Block | 345 | 401 | 427 | 421 | 433 | 512 | 537 | 566 | 617 | 712 |
| Accumulated Depreciation | 72 | 94 | 101 | 104 | 111 | 119 | 128 | 135 | 146 | 154 |
| Net Fixed Assetsⓘ | 274 | 306 | 326 | 317 | 322 | 393 | 409 | 431 | 470 | 558 |
| CWIP ⓘ | 6 | 1 | 6 | 4 | 7 | 18 | 13 | 24 | 24 | 44 |
| Investmentsⓘ | 18 | 21 | 34 | 50 | 51 | 34 | 38 | 186 | 358 | 603 |
| Inventories | 141 | 123 | 113 | 144 | 212 | 270 | 266 | 332 | 417 | 551 |
| Trade Receivables | 81 | 81 | 104 | 170 | 144 | 147 | 225 | 190 | 169 | 166 |
| Cash Equivalents | 11 | 11 | 13 | 11 | 11 | 9 | 36 | 14 | 32 | 95 |
| Others Assetsⓘ | 97 | 98 | 102 | 143 | 137 | 79 | 67 | 102 | 113 | 241 |
| Total Assets ⓘ | 628 | 641 | 698 | 838 | 884 | 951 | 1,053 | 1,279 | 1,585 | 2,258 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 39 | 57 | 76 | 89 | 72 | 48 | 86 | 99 | 286 | 434 |
| PBT ⓘ | 10 | 15 | 20 | 75 | 84 | 68 | 108 | 138 | 219 | 433 |
| Adjustment ⓘ | 15 | 20 | 25 | 25 | 21 | 31 | 27 | 29 | 42 | 11 |
| Changes in Working Capital ⓘ | 17 | 22 | 36 | 4 | -11 | -34 | -25 | -35 | 87 | 92 |
| Tax Paid ⓘ | -3 | 0 | -4 | -15 | -22 | -16 | -24 | -33 | -62 | -102 |
| Cash Flow From Investing Activity ⓘ | -14 | -25 | -18 | -35 | -27 | -20 | -16 | -202 | -246 | -368 |
| Capex | -13 | -25 | -6 | -4 | -16 | -82 | -25 | -44 | -62 | -164 |
| Net Investments | -3 | -3 | -6 | -7 | -11 | 16 | -6 | -159 | -193 | -220 |
| Others ⓘ | 2 | 3 | -6 | -24 | 0 | 46 | 15 | 2 | 9 | 16 |
| Cash Flow From Financing Activityⓘ | -26 | -33 | -57 | -53 | -44 | -33 | -40 | 75 | -41 | -38 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 136 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 17 | 2 | -14 | -9 | -14 | -18 | 0 | 0 |
| Interest Paid ⓘ | -13 | -14 | -16 | -14 | -12 | -15 | -12 | -9 | -10 | -18 |
| Dividend Paid ⓘ | -1 | -5 | 0 | -4 | -6 | -14 | 0 | -6 | -7 | -12 |
| Others ⓘ | -12 | -14 | -58 | -38 | -12 | 4 | -14 | -27 | -23 | -8 |
| Net Cash Flow ⓘ | -1 | -1 | 2 | 1 | 2 | -5 | 29 | -27 | 0 | 28 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.67 | 3.29 | 4.54 | 13.8 | 13.33 | 11.97 | 16.6 | 16.57 | 19.37 | 30.79 |
| ROCE (%) | 5.69 | 7.03 | 7.88 | 18.47 | 19.68 | 16.31 | 21.89 | 21.71 | 26.99 | 42.67 |
| Asset Turnover Ratio | 1 | 1.06 | 1.19 | 1.43 | 1.56 | 1.26 | 1.22 | 1.4 | 1.51 | 1.51 |
| PAT to CFO Conversion(x) | 5.57 | 6.33 | 5.43 | 1.68 | 1.29 | 0.91 | 1.08 | 0.93 | 1.78 | 1.32 | Working Capital Days |
| Receivable Days | 43 | 44 | 42 | 45 | 43 | 46 | 55 | 46 | 30 | 21 |
| Inventory Days | 88 | 72 | 54 | 43 | 48 | 76 | 80 | 67 | 63 | 61 |
| Payable Days | 97 | 93 | 89 | 91 | 96 | 138 | 139 | 116 | 108 | 107 |
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:
Awards/Achievements
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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