Action Construction Equipment Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 2686.52 Crore) operating in Engineering sector.
Action Construction Equipment Ltd. key Products/Revenue Segments include Cranes, Construction Equipment and Material Handling Equipments for the year ending 31-Mar-2021.
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 441.46 Crore, up 21.54 % from last quarter Total Income of Rs 363.21 Crore and up 9.28 % from last year same quarter Total Income of Rs 403.96 Crore. Company reported net profit after tax of Rs 27.37 Crore in latest quarter.
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The brokerage has cut FY23E/FY24E EPS by ~7%/5%, factoring in 50-70bps cut in margin and negligible reduction in revenue. It has estimated EBITDAM of 9.3%/10% for FY23E/FY24E on increased commodity price. Its FY23E/FY24E EPS stand at Rs10.45/Rs13.54. The stock trades at ~15x FY24E EPS. It maintains Buy with a TP of Rs270.
Promoters held 66.76 per cent stake in the company as of 31-Mar-2022, while FIIs owned 4.84 per cent, DIIs 3.49 per cent.
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