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Action Construction Equipment Ltd share Price Today

Company details

1,441.00
1,493.70
453.05
1,695.00
6M Return 81.07%
1Y Return 201.07%
Mkt Cap.(Cr) 17,587.37
Volume 510,872
Div Yield 0.07%
OI
-
OI Chg %
-
Volume 510,872

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Construction & Engineering company Action Construction Equipment announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Rs 8,568 million Total Income
  • Rs 1,506 million EBITDA
  • 17.58% EBITDA Margin
  • Rs 985 million PAT
  • 11.50 % PAT Margin
  • Rs 8.27/Share Diluted EPS

FY24 Financial Highlights:

  • Rs 29,909 million Total Income
  • Rs 4,803 million EBITDA
  • 16.06% EBITDA Margin
  • Rs 3,282 million PAT
  • 10.97% PAT Margin
  • Rs 27.56/Share Diluted EPS

Q4FY24 Operational Highlights:

  • Sustained growth trajectory : Operational revenue grew by 36% on a YoY basis and 11% on QoQ basis.
  • Margin expansion : Driven by better capacity utilizations, product mix, improved price realizations along with efficient cost control measures and softening of commodity prices.
  • EBIDTA expands by 520 bps, PBT expands by 453 bps, PAT increases by 387 bps on YoY basis.
  • Strong Revenue growth across segments during the year:
    • Cranes grew by 37.75% YoY
    • Construction Equipment Segment grew by 54.82% YoY
    • Material Handling segment grew by 8.6% YoY
    • Agri segment grew by 12.06% YoY
    • Expansion of Global footprint : 72% YoY export sales increase

Result PDF

View Other Company Results

Action Construction Equipment Ltd shares SWOT Analysis

Strengths (19)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (0)

Data not found

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (3)

  • Big Deal (Insider and SAST) sells last month greater than 1% of total shares
  • Big Deal (Insider and SAST) sells last week greater than 1% of total shares
  • High PE (PE > 40)

Resistance and support

R1 1,500.1
R2 1,523.2
R3 1,552.8
Pivot

1,470.53

S1 1,447.4
S2 1,417.8
S3 1,394.7
EMA SMA
1,435.8
1,414.3
1,312.3
1,114.9
1,441.4
1,459.7
1,325.7
1,057.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MONA AGARWAL Bulk Sell 2024-06-11 1420.44 1300000 BSE
XTX MARKETS LLP Bulk Purchase 2021-09-13 264.59 663267 NSE
XTX MARKETS LLP Bulk Sell 2021-09-13 264.97 653249 NSE
Name Category Shares
VIJAY AGARWAL PROMOTER 28.75%
MONA AGARWAL PROMOTER 25.74%
SORAB AGARWAL PROMOTER 6.4%
SURBHI GARG PROMOTER 5.82%

OUR RESEARCH VIEW

Investment recommendation
Well positioned for solid growth ahead…
Call Date
09 Feb 2024
Entry Price 1,094.00
Target Price 1,440.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Action Construction Equipment Ltd Stocks COMPARISON

Financials( in Cr) Action Construction Equipment Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd
Price 1,476.90 3,825.60 5,311.90 1,773.95 2,714.65
% Change 1.48 3.05 -0.57 2.10 0.11
Mcap Cr 17,587.37 106,045.63 63,294.48 33,750.82 30,056.60
Revenue TTM Cr 2,159.68 7,772.09 8,089.81 4,654.28 2,012.76
Net Profit TTM Cr 172.98 1,228.15 450.70 441.70 295.08
PE TTM 53.55 61.66 107.46 73.17 78.30
1 Year Return 201.07 107.55 127.03 48.45 28.74
ROCE 28.44 26.89 14.53 20.69 27.49
ROE 20.68 22.53 12.25 17.04 20.97
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 918.56 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,119.99 -408.46
LAST 3M 113,155.52 -36,230.77
LAST 6M 183,603.09 -15,050.11
LAST 12M 290,144.87 98,834.05

Action Construction Equipment Ltd Information

Stock PE (TTM)
53.55
Promoter Holding
66.76%
Book Value
103.2754
ROCE
28.44%
ROE
20.68%
Description
  • Action Construction Equipment Limited is an Indian company engaged in the business of manufacturing construction and material handling equipment and has a market capitalisation of Rs. 2,785.35 crore as of April 7, 2022. This company incorporated its business in the year 1995. The quarterly revenue of the company for the September to December 2021 quarter stood at Rs. 437 crore. The company is listed on the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE) under the number 532762 and scrip code ACE.

    The company manufactures and markets building construction equipment, such as hydraulic mobile cranes, crawler cranes, mobile tower cranes, truck-mounted cranes, material handling equipment such as forklifts, road construction equipment, such as compactors, motor graders, backhoe loaders, and agricultural equipment, such as tractors, rotavators, and harvesters. It has eight manufacturing sites in Faridabad, Haryana, with a cumulative manufacturing capacity of 9000 tractors and 12000 construction equipment every year. The company started its business in 1995 with the manufacturing of hydraulic mobile cranes, tower cranes, and loaders. Since then, it has progressed all along to become an ISO 9001 certified company. Action Construction equipment are used in industrial sectors, including infrastructure construction, road construction, power projects, ports, metro rails, dams, shipyards, steel industry, engineering industry, coal mining, oil industry, chemical and fertiliser plants, railways, and defense.

    From 1995 to 1996, the company manufactured only 110 mobile cranes as compared to 1146 construction equipment during 2004-2005. It entered the capital market in September 2006 with an Initial Public Offering of 46 lakh equity shares. Today, the company has expanded its operations internationally to the Asia-Pacific region, parts of Africa, and Latin America regions. The company was ranked 223rd in Fortune’s list of the next 500 medium-sized Indian companies.

    As of April 7, 2022, the ACE share price is trending at Rs. 233.80 per share at the BSE. The 52-week high of Action Construction share price is Rs. 291.75 and the 52-week low is Rs. 139.45. ACE shares have given a one-year return of 47.35% with a dividend yield of 0.20%. The balance sheet of the company has remained in green for the past four financial years.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Dhudhola Link Road, Dhudhola, Palwal, Haryana, 121102

Tel : 91-1275-280111
Email : cs:ace-cranes.com
Website : http://www.ace-cranes.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532762
NSE Code : ACE
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE731H01025

FAQ’s on Action Construction Equipment Ltd Shares

You can buy Action Construction Equipment Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Action Construction Equipment Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:59 PM the closing price of Action Construction Equipment Ltd was Rs.1,476.90.

The latest PE ratio of Action Construction Equipment Ltd as of Jun 14, 2024 03:59 PM is 53.55

The latest PB ratio of Action Construction Equipment Ltd as of Jun 14, 2024 03:59 PM is 0.07

The 52-week high of Action Construction Equipment Ltd share price is Rs. 1,695.00 while the 52-week low is Rs. 453.05

According to analyst recommendations, Action Construction Equipment Ltd Share has a "Buy" rating for the long term.

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 Jun 14, 2024 03:59 PM, the market cap of Action Construction Equipment Ltd stood at Rs. 17,587.37.

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