Mehabe score: 6 G Factor: 5 Piotski Score: 9 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 5 and Piotski score of 9.
Description
Action Construction Equipment is engaged in the business of manufacturing and marketing of Hydraulic Mobile Cranes, Mobile Tower Cranes, Crawler Cranes, Truck mounted Cranes, Material Handling equipment like Forklifts, Road construction equipment like Backhoe loaders, Compactors, Motor graders and agriculture equipment like Tractors, Harvesters, Rotavators etc.(Source : 201903 Annual Report Page No: 79)Site:ACEMain Symbol:ACE
Stock trades at 258.0, above its 50dma 216.1. It also trades above its 200dma 159.69. The stock remains bullish on techicals
The 52 week high is at 271.90 and the 52week low is at 53.10
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
Weakness
– Debtor days have increased from 50.84 to 66.83 days.
Competition
– The industry trades at a mean P/E of 24.3x. GMM Pfaudler trades at the industry’s max P/E of 91.6x. ACE trades at a P/E of 36.7x
– Industry’s mean G-Factor is 3.6 while the mean Piotski score is 9.0. ACE has a G-Factor of 5 and Piotski scoreof 9.
– Average 1 month return for industry is 4.5%. The max 1- month return was given by Bharat Dynamics: a return of 16.21 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 322.0 cr compared to Rs 101.0 cr for period ended Jun 2020, a rise of 218.8%
The EPS for Jun 2021 was Rs 1.7 compared to Rs 3.4 for previous quarter ended Mar 2021 and Rs -0.38 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 1448.0 cr for period ended TTM vis-vis sales of Rs 1227.0 cr for the period ended Mar 2021, a healthy growth of 15.3%. The 3 year sales cagr stood at 2.5%.
Net Profit reported at Rs 103.0 cr for period ended TTM vis-vis sales of Rs 80.0 cr for the period ended Mar 2021, rising 22.3%.
Company recorded a healthy Net Profit CAGR of 22.5% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 86.0 cr for period ended Mar 2021 vis-vis Rs 48.0 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 358% on a 1 Year basis vis-vis a return of 20% over the last 3 Years. – The compounded sales growth on a TTM bassis is 6% vis-vis a compounded sales growth of 4% over the last 3 Years. – The compounded profit growth on a TTM basis is 52% vis-vis a compounded profit growth of 15% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 4.23% vis-vis 3.15% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 23.71% vis-vis 25.37% for Mar 2021
Conclusion
– has reduced debt.
– is almost debt free. – Debtor days have increased from 50.84 to 66.83 days.
