Action Construction Equipment Ltd
ACEAction Construction Equipment Ltd
ACEPrice Chart
Scorecard
Performance
HighThe creamy layer - amongst the top performing stocks
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
48.59 | 14.43 | 0.13% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
48.96 | 6.90 | 0.56% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Action Construction Equipment Ltd. is a material handling and construction equipment manufacturing company that operates through segments, including cranes, material handling/construction equipment, and agri equipment.
Peers
Compare with peersIsgec Heavy Engineering Ltd
Happy Forgings Ltd
TIL Ltd
Galaxy Bearings Ltd
Crown Lifters Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 646.92 | 758.87 | 1,094.50 | 1,352.24 | 1,160.38 | 1,242.46 | 1,640.36 | 2,200.80 | 2,990.90 | 3,185.55 | ||||||||||
Raw Materials | 442.89 | 532.83 | 770.44 | 1,026.71 | 825.99 | 883.22 | 1,192.38 | 1,579.95 | 2,073.12 | 2,640.29 | ||||||||||
Power & Fuel Cost | 4.49 | 4.48 | 5.53 | 6.61 | 5.17 | 4.63 | 6.11 | 7.63 | 10.28 | |||||||||||
Employee Cost | 50.93 | 59.11 | 67.68 | 75.11 | 85.69 | 72.17 | 84.81 | 99.76 | 120.66 | |||||||||||
Selling & Administrative Expenses | 41.73 | 61.62 | 83.02 | 98.73 | 95.51 | 90.21 | 122.47 | 150.39 | 175.21 | |||||||||||
Operating & Other expenses | 66.62 | 53.58 | 68.37 | 37.59 | 52.31 | 57.94 | 72.36 | 101.03 | 131.28 | |||||||||||
EBITDA | 40.26 | 47.25 | 99.46 | 107.49 | 95.71 | 134.29 | 162.23 | 262.04 | 480.35 | 545.26 | ||||||||||
Depreciation/Amortization | 11.35 | 12.07 | 11.93 | 11.75 | 13.01 | 13.94 | 15.41 | 18.00 | 23.24 | 26.44 | ||||||||||
PBIT | 28.91 | 35.18 | 87.53 | 95.74 | 82.70 | 120.35 | 146.82 | 244.04 | 457.11 | 518.82 | ||||||||||
Interest & Other Items | 14.01 | 15.96 | 13.53 | 11.52 | 14.66 | 12.23 | 9.52 | 10.29 | 23.17 | 32.59 | ||||||||||
PBT | 14.90 | 19.22 | 74.00 | 84.22 | 68.04 | 108.12 | 137.30 | 233.75 | 433.94 | 486.23 | ||||||||||
Taxes & Other Items | 4.96 | 3.89 | 21.91 | 28.16 | 15.54 | 28.28 | 32.28 | 62.14 | 105.78 | 120.56 | ||||||||||
Net Income | 9.94 | 15.33 | 52.09 | 56.06 | 52.50 | 79.84 | 105.02 | 171.61 | 328.16 | 365.67 | ||||||||||
EPS | 0.92 | 1.31 | 4.44 | 4.78 | 4.55 | 7.04 | 9.03 | 14.41 | 27.56 | 30.71 | ||||||||||
DPS | 0.20 | 0.30 | 0.50 | 0.50 | 0.50 | 0.50 | 0.60 | 1.00 | 2.00 | 2.00 | ||||||||||
Payout ratio | 0.22 | 0.23 | 0.11 | 0.10 | 0.11 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
IndustrialsHeavy Machinery
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Action Construction Equipment Ltd | 54.14 | 14.43 | 0.13% |
Isgec Heavy Engineering Ltd | 45.22 | 4.21 | 0.27% |
Happy Forgings Ltd | 39.05 | 5.88 | 0.40% |
TIL Ltd | 7.94 | 63.82 | — |
Price Comparison
Compare ACE with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 1.34%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Action Construction Equipment Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Edelweiss Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1758% | Percentage of the fund’s portfolio invested in the stock 0.71% | Change in the portfolio weight of the stock over the last 3 months -0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 57/85 (+3) |
Nippon India Nifty Smallcap 250 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0309% | Percentage of the fund’s portfolio invested in the stock 0.28% | Change in the portfolio weight of the stock over the last 3 months 0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 247/294 (+3) |
SBI Nifty Smallcap 250 Index Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0197% | Percentage of the fund’s portfolio invested in the stock 0.28% | Change in the portfolio weight of the stock over the last 3 months 0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 237/294 (-3) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
ACE has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.13%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.34 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 19, 2024
Dividend/Share
₹2.00
Ex DateEx Date
Aug 19, 2024
Cash Dividend
Ex DateEx DateAug 17, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Aug 17, 2023
Cash Dividend
Ex DateEx DateSep 9, 2022
Dividend/Share
₹0.60
Ex DateEx Date
Sep 9, 2022
Cash Dividend
Ex DateEx DateAug 25, 2021
Dividend/Share
₹0.50
Ex DateEx Date
Aug 25, 2021
Cash Dividend
Ex DateEx DateMar 20, 2020
Dividend/Share
₹0.50
Ex DateEx Date
Mar 20, 2020
Net profit of Action Construction Equipment rose 28.25% to Rs 94.80 crore in the quarter ended September 2024 as against Rs 73.92 crore during the previous quarter ended September 2023. Sales rose 12.40% to Rs 756.69 crore in the quarter ended September 2024 as against Rs 673.24 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales756.69673.24 12 OPM %14.3513.25 - PBDT133.74102.34 31 PBT126.7596.91 31 NP94.8073.92 28 Powered by Capital Market - Live
Action Construction Equipment will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live
The key equity benchmark traded with minor gains in mid-morning trade. The Nifty traded above the 24,550 mark after hitting the day's low of 24,522.95 in mid-morning trade. PSU bank shares advanced for the second consecutive trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, added 52.71 points or 0.07% to 80,489.55. The Nifty 50 index gained 36.75 points or 0.15% to 24,591.75. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 0.55% and the S&P BSE Small-Cap index rallied 1.20%. The market breadth was strong. On the BSE, 2,674 shares rose and 1,163 shares fell. A total of 180 shares were unchanged. Economy: India's forex reserves declined $4.8 billion to $670.119 billion for the week ended August 9, according to the latest RBI data. In the previous reporting week, the country's foreign exchange reserves had increased $7.533 billion to an all-time high of $674.919 billion. For the week ended August 9, foreign currency assets, a major component of the reserves, decreased by $4.079 billion to $587.96 billion. Gold reserves declined by $860 million to $59.239 billion during the week. The special drawing rights (SDRs) were up by $121 million to $18.282 billion. India's reserve position with the IMF increased by $18 million to $4.638 billion in the reporting week, the central bank data showed. IPO Update : The initial public offer (IPO) of Interarch Building Products received 27,40,704 bids for shares as against 46,91,585 shares on offer, according to stock exchange data at 11:15 IST on Monday (19 August 2024). The issue was subscribed 0.58 times. The issue opened for bidding on Monday (19 August 2024) and it will close on Wednesday (21 August 2024). The price band of the IPO is fixed between Rs 850 to Rs 900 per share. An investor can bid for a minimum of 16 equity shares and in multiples thereof. Buzzing Index : The Nifty PSU bank index added 1.58% to 6,952.10. The index gained 2.62% in the two consecutive trading sessions. Punjab & Sind Bank (up 3.68%), Central Bank of India (up 3.05%), Canara Bank (up 2.25%), Union Bank of India (up 2.2%), UCO Bank (up 2.13%), Bank of Baroda (up 2.12%), Bank of Maharashtra (up 1.63%), Punjab National Bank (up 1.62%), Indian Overseas Bank (up 1.43%) and Bank of India (up 1.42%) edged higher. Stocks in Spotlight : Action Construction Equipment (ACE) added 1.93% after the company announced that it has been awarded with an order for supplying forklifts and cranes from the Ministry of Defence (MoD). The company would be supplying 285 numbers for special forklifts and 6 numbers of rough terrain cranes with 30 tonne Lifting capacity to MoD. DCX Systems was locked in an upper circuit of 5% after the company informed that it has received orders worth Rs 107.08 crore from domestic and overseas customers. Veranda Learning Solutions rose 0.61%. The company said that it has partnered with Jumeira University Connect, the training arm of Jumeira University, to introduce a Chartered Accountancy (CA) preparation course for students in the UAE. Global Markets : Asian stocks traded mixed on Monday as investors weighed optimism about a US economic soft landing against concerns over the global growth outlook. Expectations of cooling inflation and a potential easing cycle by the Federal Reserve buoyed sentiment. However, investors remained cautious ahead of key US economic data this week and Federal Reserve Chair Jerome Powell's speech on Friday. In Asia, market participants will closely monitor central bank meetings in Indonesia and South Korea for potential rate adjustments. Thailand's policy decision is particularly awaited given uncertainties surrounding the new government's economic plans. US stocks rebounded from earlier losses to close higher on Friday, as a report showing improved consumer sentiment boosted investor confidence. The Dow Jones Industrial Average rose 0.24%, the S&P 500 climbed 0.20% and the Nasdaq Composite gained 0.21%. The University of Michigan's gauge of consumer sentiment rose to 67.8 in a preliminary August reading, up from 66.4 in the prior month. It is the first gain after four months of declines. Powered by Capital Market - Live
The company would be supplying 285 numbers for special forklifts and 6 numbers of rough terrain cranes with 30 tonne Lifting capacity to MoD. Action Construction Equipment (ACE) is an established and reputed brand with a significant presence across diversified sectors like construction, infrastructure, manufacturing, logistics and agriculture. The company's consolidated net profit rose 24.62% to Rs 84.18 crore on a 12.68% increase in sales to Rs 734.26 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live
Action Construction Equipment has been awarded with a prestigious order for supply of 285 numbers for Special Forklifts and 6 numbers of Rough Terrain Cranes with 30 tonne Lifting capacity from Ministry of Defence (MoD).Powered by Capital Market - Live
31 promising midcap, smallcap stock ideas from manufacturing sector
Action Construction Equipment Q1 results: PAT grows 24% to Rs 84.57 cr
Action Construction Equipment consolidated net profit rises 24.62% in the June 2024 quarter
Net profit of Action Construction Equipment rose 24.62% to Rs 84.18 crore in the quarter ended June 2024 as against Rs 67.55 crore during the previous quarter ended June 2023. Sales rose 12.68% to Rs 734.26 crore in the quarter ended June 2024 as against Rs 651.61 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales734.26651.61 13 OPM %13.4312.53 - PBDT118.8494.75 25 PBT111.9989.54 25 NP84.1867.55 25 Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 17.21%, vs industry avg of 6.89%
Increasing Market Share
Over the last 5 years, market share increased from 19.12% to 26.61%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 42.39%, vs industry avg of 30.1%