Elecon Engineering Company Ltd
Elecon Engineering Company Ltd., incorporated in 1960. Company manufactures and sells power transmission and material handling equipment in India and internationally. In addition, it engages in the steel and non-ferrous foundry business. [1]
- Market Cap ₹ 12,636 Cr.
- Current Price ₹ 1,126
- High / Low ₹ 1,245 / 429
- Stock P/E 35.5
- Book Value ₹ 143
- Dividend Yield 0.18 %
- ROCE 31.6 %
- ROE 24.7 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 55.4% CAGR over last 5 years
Cons
- Stock is trading at 7.88 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,527 | 1,293 | 1,329 | 1,280 | 1,202 | 1,180 | 1,225 | 1,088 | 1,044 | 1,212 | 1,530 | 1,937 | |
1,310 | 1,136 | 1,153 | 1,105 | 1,027 | 1,055 | 1,084 | 947 | 858 | 960 | 1,189 | 1,463 | |
Operating Profit | 216 | 157 | 176 | 176 | 175 | 126 | 140 | 142 | 186 | 252 | 341 | 474 |
OPM % | 14% | 12% | 13% | 14% | 15% | 11% | 11% | 13% | 18% | 21% | 22% | 24% |
-19 | 14 | 17 | 29 | 12 | 8 | 69 | 9 | 8 | 5 | 22 | 50 | |
Interest | 90 | 80 | 87 | 83 | 90 | 75 | 74 | 78 | 60 | 38 | 14 | 9 |
Depreciation | 57 | 62 | 72 | 62 | 53 | 53 | 48 | 53 | 52 | 49 | 49 | 51 |
Profit before tax | 50 | 29 | 34 | 60 | 44 | 6 | 88 | 20 | 81 | 171 | 300 | 465 |
Tax % | 41% | 51% | 49% | 37% | 75% | -33% | 21% | -360% | 29% | 18% | 21% | 24% |
29 | 14 | 17 | 37 | 11 | 7 | 70 | 90 | 58 | 140 | 237 | 356 | |
EPS in Rs | 1.93 | 1.26 | 1.50 | 3.43 | 0.96 | 0.67 | 6.25 | 7.99 | 5.14 | 12.52 | 21.17 | 31.69 |
Dividend Payout % | 52% | 79% | 73% | 32% | 52% | 30% | 3% | 0% | 8% | 11% | 9% | 6% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 10% |
3 Years: | 23% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | 39% |
5 Years: | 55% |
3 Years: | 83% |
TTM: | 49% |
Stock Price CAGR | |
---|---|
10 Years: | 41% |
5 Years: | 81% |
3 Years: | 131% |
1 Year: | 159% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 17% |
3 Years: | 21% |
Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
Reserves | 516 | 510 | 514 | 682 | 687 | 686 | 746 | 832 | 897 | 1,028 | 1,257 | 1,582 |
697 | 633 | 552 | 629 | 583 | 590 | 548 | 420 | 335 | 151 | 52 | 70 | |
892 | 892 | 877 | 870 | 794 | 857 | 849 | 855 | 733 | 513 | 399 | 450 | |
Total Liabilities | 2,123 | 2,058 | 1,964 | 2,203 | 2,087 | 2,156 | 2,165 | 2,129 | 1,988 | 1,715 | 1,730 | 2,124 |
625 | 595 | 523 | 898 | 861 | 834 | 799 | 799 | 758 | 739 | 754 | 769 | |
CWIP | 10 | 7 | 4 | 8 | 2 | 1 | 5 | 0 | 0 | 1 | 0 | 1 |
Investments | 13 | 14 | 15 | 49 | 49 | 51 | 54 | 53 | 53 | 54 | 77 | 286 |
1,475 | 1,441 | 1,422 | 1,248 | 1,175 | 1,270 | 1,307 | 1,277 | 1,176 | 921 | 899 | 1,068 | |
Total Assets | 2,123 | 2,058 | 1,964 | 2,203 | 2,087 | 2,156 | 2,165 | 2,129 | 1,988 | 1,715 | 1,730 | 2,124 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
176 | 160 | 177 | 12 | 188 | 70 | 87 | 222 | 248 | 223 | 310 | 365 | |
-98 | -30 | 0 | 7 | -7 | -51 | 40 | -25 | -19 | 15 | -167 | -279 | |
-65 | -140 | -168 | -5 | -134 | -64 | -118 | -176 | -210 | -250 | -145 | -59 | |
Net Cash Flow | 13 | -9 | 9 | 14 | 47 | -44 | 9 | 21 | 19 | -12 | -2 | 27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 200 | 241 | 236 | 201 | 191 | 208 | 177 | 205 | 177 | 125 | 82 | 84 |
Inventory Days | 178 | 209 | 187 | 218 | 203 | 189 | 206 | 248 | 188 | 167 | 142 | 97 |
Days Payable | 244 | 289 | 278 | 331 | 326 | 295 | 259 | 420 | 319 | 173 | 109 | 82 |
Cash Conversion Cycle | 134 | 161 | 145 | 88 | 69 | 102 | 124 | 33 | 46 | 119 | 116 | 99 |
Working Capital Days | 153 | 170 | 159 | 102 | 84 | 112 | 134 | 124 | 118 | 101 | 76 | 107 |
ROCE % | 14% | 9% | 10% | 10% | 10% | 6% | 10% | 8% | 11% | 17% | 25% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Transcript of the Investors call held on 22nd April, 2024 for Q4 of the financial year 2023-24 is attached.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 Apr - With reference to the above referred Regulation 30 and in continuation of our letter dated 14th April, 2024 regarding schedule of Investors Call, please find …
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Announcement under Regulation 30 (LODR)-Investor Presentation
20 Apr - Investor Presentation of the Investor call to be held on 22nd April, 2024 is attached.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Apr - Extract of Audited Financial Results for the quarter and financial year ended on 31st March, 2024 published in newspaper. Copy attached.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 Apr - Press Release giving highlights on the performance of the Company for the quarter and financial year ended 31st March, 2024 is attached.
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
Concalls
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Apr 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Oct 2023Transcript PPT REC
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Jul 2023Transcript PPT REC
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Apr 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Jul 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptPPT
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Aug 2021Transcript PPT
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Jun 2021TranscriptPPT
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Jun 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Apr 2019TranscriptPPT
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Oct 2018TranscriptPPT
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May 2018TranscriptPPT
Products and Services 9MFY24[1]
Power Transmission (87%): The company was the first to introduce modular design concepts, case-hardened, and ground gear technology in India. [2]