Eimco Elecon (India) Ltd
Eimco Elecon (India) Limited, incorporated in 1974, is in the business of Manufacturing and Marketing Equipment for Underground and Opencast mines. The Co is situated at Vallabh Vidyanagar, Gujarat. It was the first Co. to introduce the intermediate technology of Side Dump Loaders, Load Haul Dumpers and Rocker Shovel Loaders in India. [1]
- Market Cap ₹ 1,004 Cr.
- Current Price ₹ 1,740
- High / Low ₹ 3,499 / 1,250
- Stock P/E 20.5
- Book Value ₹ 749
- Dividend Yield 0.29 %
- ROCE 16.2 %
- ROE 12.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 39.1% CAGR over last 5 years
Cons
- Company has a low return on equity of 9.80% over last 3 years.
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
193 | 196 | 140 | 171 | 140 | 185 | 108 | 126 | 84 | 173 | 228 | 246 | |
164 | 167 | 117 | 149 | 125 | 159 | 102 | 115 | 75 | 148 | 187 | 190 | |
Operating Profit | 29 | 29 | 23 | 22 | 15 | 25 | 6 | 11 | 9 | 24 | 40 | 56 |
OPM % | 15% | 15% | 16% | 13% | 11% | 14% | 5% | 9% | 11% | 14% | 18% | 23% |
4 | 5 | 8 | 13 | 10 | 11 | 11 | 11 | 9 | 10 | 18 | 18 | |
Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
Depreciation | 5 | 4 | 6 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 7 | 8 |
Profit before tax | 28 | 30 | 24 | 30 | 19 | 30 | 10 | 14 | 10 | 26 | 50 | 66 |
Tax % | 28% | 28% | 26% | 16% | 15% | 24% | 8% | 21% | 14% | 21% | 19% | 25% |
20 | 22 | 17 | 25 | 16 | 23 | 9 | 11 | 9 | 21 | 40 | 49 | |
EPS in Rs | 34.97 | 37.31 | 30.27 | 43.50 | 28.50 | 40.25 | 16.31 | 19.52 | 14.77 | 36.18 | 70.05 | 84.79 |
Dividend Payout % | 11% | 13% | 17% | 12% | 18% | 17% | 31% | 26% | 17% | 14% | 7% | 6% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 18% |
3 Years: | 43% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 39% |
3 Years: | 79% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 48% |
3 Years: | 63% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 10% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 182 | 199 | 251 | 273 | 286 | 306 | 310 | 318 | 324 | 343 | 380 | 426 |
0 | 0 | 0 | 0 | 1 | 2 | 3 | 2 | 0 | 1 | 0 | 0 | |
37 | 39 | 40 | 32 | 43 | 37 | 32 | 41 | 32 | 37 | 64 | 56 | |
Total Liabilities | 225 | 244 | 297 | 311 | 335 | 350 | 350 | 367 | 362 | 387 | 450 | 488 |
17 | 28 | 65 | 68 | 77 | 74 | 78 | 87 | 81 | 76 | 73 | 70 | |
CWIP | 1 | 0 | 0 | 0 | 1 | 9 | 11 | 0 | 0 | 1 | 0 | 1 |
Investments | 71 | 75 | 126 | 143 | 142 | 149 | 153 | 155 | 153 | 165 | 180 | 226 |
136 | 141 | 106 | 100 | 115 | 117 | 109 | 125 | 128 | 146 | 197 | 191 | |
Total Assets | 225 | 244 | 297 | 311 | 335 | 350 | 350 | 367 | 362 | 387 | 450 | 488 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12 | 19 | 42 | 19 | 10 | 10 | 11 | 3 | -10 | 7 | 12 | 33 | |
-9 | -16 | -42 | -15 | -5 | -8 | -3 | 3 | 8 | -5 | -2 | -36 | |
-3 | -3 | -3 | -3 | -3 | -3 | -5 | -3 | -5 | -2 | -4 | -4 | |
Net Cash Flow | 0 | 0 | -3 | 1 | 2 | -0 | 3 | 3 | -6 | -0 | 5 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 181 | 164 | 135 | 104 | 157 | 120 | 104 | 178 | 169 | 112 | 150 | 101 |
Inventory Days | 87 | 105 | 211 | 139 | 199 | 147 | 349 | 204 | 705 | 320 | 270 | 387 |
Days Payable | 83 | 93 | 128 | 56 | 124 | 73 | 113 | 106 | 168 | 74 | 86 | 56 |
Cash Conversion Cycle | 184 | 177 | 218 | 187 | 232 | 194 | 340 | 276 | 706 | 357 | 335 | 432 |
Working Capital Days | 175 | 172 | 181 | 151 | 189 | 158 | 245 | 241 | 428 | 231 | 207 | 257 |
ROCE % | 15% | 14% | 9% | 11% | 7% | 10% | 3% | 5% | 3% | 8% | 14% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Apr - Publication of Audited Financial Results for the quarter and year ended on 31st March, 2025
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Compliances-Reg.24(A)-Annual Secretarial Compliance
24 Apr - Annual Secretarial Compliance Report for FY 2024-25 confirming full regulatory compliance.
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Disclosure under Regulation 30A of LODR
23 Apr - Termination of 1992 shareholders agreement among promoters; no impact on company control.
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Corporate Action-Board approves Dividend
23 Apr - FY25 audited results with 50% dividend; terminated key shareholders agreement; board and auditor appointments.
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Announcement under Regulation 30 (LODR)-Change in Directorate
23 Apr - Dr. Sonal Ambani appointed Independent Director for 5 years from April 23, 2025, subject to shareholder approval.
Annual reports
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Financial Year 2024
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Financial Year 2023
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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
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
Product Portfolio
The Co. sells underground coal mining machinery and its spares & components like Wheel Loaders, Dump trucks, Haulers, Drill machines, etc contributing ~89% to the revenue of the company.[1] [2]