724 per cent return: Small-cap multibagger stock witnessed an unexpected surge; rallies over 9 per cent!

Over the last five years, the company has generated a good profit growth of 27.2 per cent CAGR.

Action Construction Equipment Limited witnessed an impressive upswing on Thursday, as its shares soared by an astounding 9.25 per cent. The stock reached an extraordinary pinnacle, achieving a remarkable 52-week high of Rs 567.85 per share on BSE. The scrip witnessed massive spurt in volume by more than 3.28 times.

The prevailing market sentiment was dampened, as both the Sensex and Nifty maintained a relatively stagnant trading pattern.

The key highlights of Q4FY23:   

1) Total revenue stood at Rs 614 crore in Q4FY23, witnessing a surge of 20.15 per cent YoY basis as compared to Q4FY22.   

2) The operating profit for Q4FY23 is at Rs 73 crore, surge of 55.31 per cent on YoY basis as compared to Q4FY22.   

3) Net profit of Rs 47 crore for Q4FY23 is up by 34.28 per cent on YoY basis, compared to Q4FY22.  

The key highlights for FY23:   

1) Total revenue of Rs 2,160 crore, zoomed by 32.51 per cent on YoY basis, over FY22.   

2) The operating profit stood at Rs 221 crore, an increase of 46.35 per cent on YoY basis as compared to FY22.   

3) Net profit recorded at Rs 173 crore, dipped 64.76 per cent on YoY basis from FY22.   

Over the last five years, the company has generated a good profit growth of 27.2 per cent CAGR.

Action Construction Equipment Ltd manufactures and markets hydraulic mobile cranes, mobile tower cranes, material handling equipment such as forklifts, road construction equipment such as backhoe loaders, compactors, motor graders, and agriculture equipment such as tractors, harvesters, rotavators, and so on. It was founded in 1995 and completed its initial public offering (IPO) in 2006.

The company has attracted significant buying interest due to its outstanding returns of over 153 per cent in the past year, and it has achieved exceptional multibagger returns of 724 per cent over the last three years, further solidifying its position and trust among investors.