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 ₹ 941 Cr.
- Current Price ₹ 1,631
- High / Low ₹ 3,020 / 1,250
- Stock P/E 23.0
- Book Value ₹ 778
- Dividend Yield 0.31 %
- ROCE 16.0 %
- ROE 11.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 38.7% CAGR over last 5 years
Cons
- Promoter holding has decreased over last quarter: -24.7%
- Company has a low return on equity of 9.74% over last 3 years.
- Earnings include an other income of Rs.19.3 Cr.
* 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SmallCap BSE Allcap BSE Industrials
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 193 | 196 | 140 | 171 | 140 | 185 | 108 | 126 | 84 | 173 | 228 | 246 | 211 | |
| 164 | 167 | 117 | 149 | 125 | 159 | 102 | 115 | 75 | 148 | 187 | 190 | 167 | |
| Operating Profit | 29 | 29 | 23 | 22 | 15 | 25 | 6 | 11 | 9 | 24 | 40 | 56 | 44 |
| OPM % | 15% | 15% | 16% | 13% | 11% | 14% | 5% | 9% | 11% | 14% | 18% | 23% | 21% |
| 4 | 5 | 8 | 13 | 10 | 11 | 11 | 11 | 9 | 10 | 18 | 18 | 19 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 5 | 4 | 6 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 7 | 8 | 9 |
| Profit before tax | 28 | 30 | 24 | 30 | 19 | 30 | 10 | 14 | 10 | 26 | 50 | 66 | 53 |
| 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 | 41 | |
| 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 | 70.88 |
| 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: | -22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 39% |
| 3 Years: | 78% |
| TTM: | -19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 37% |
| 3 Years: | 54% |
| 1 Year: | -37% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 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 | 443 |
| 0 | 0 | 0 | 0 | 1 | 2 | 3 | 2 | 0 | 1 | 0 | 0 | 2 | |
| 37 | 39 | 40 | 32 | 43 | 37 | 32 | 41 | 32 | 37 | 64 | 56 | 49 | |
| Total Liabilities | 225 | 244 | 297 | 311 | 335 | 350 | 350 | 367 | 362 | 387 | 450 | 488 | 500 |
| 17 | 28 | 65 | 68 | 77 | 74 | 78 | 87 | 81 | 76 | 73 | 70 | 71 | |
| CWIP | 1 | 0 | 0 | 0 | 1 | 9 | 11 | 0 | 0 | 1 | 0 | 1 | 3 |
| Investments | 71 | 75 | 126 | 143 | 142 | 149 | 153 | 155 | 153 | 165 | 180 | 226 | 236 |
| 136 | 141 | 106 | 100 | 115 | 117 | 109 | 125 | 128 | 146 | 197 | 191 | 190 | |
| Total Assets | 225 | 244 | 297 | 311 | 335 | 350 | 350 | 367 | 362 | 387 | 450 | 488 | 500 |
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 | 80 | 56 |
| Cash Conversion Cycle | 184 | 177 | 218 | 187 | 232 | 194 | 340 | 276 | 706 | 357 | 341 | 432 |
| Working Capital Days | 175 | 172 | 181 | 151 | 189 | 158 | 245 | 239 | 427 | 230 | 207 | 206 |
| 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
27 Nov - Newspaper Advertisement - Postal Ballot Notice
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
25 Nov - Postal ballot (28 Nov–27 Dec 2025) for MOA adoption, objects amendment, and Tamrock reclassification; Tamrock sold 1,423,875 shares.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Nov - Newspaper Advertisement of Special Window for Re-lodgement of Transfer Requests of Physical Shares
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Intimation Regarding Receipt Of No Objection/Approval(S) For Re-Classification Of Members Of Promoter Group From ''Promoter/Promoters Group'' Category To ''Public'' Category Under Regulation 31A Of SEBI (LODR) Regulations, 2015
14 Nov - BSE and NSE granted no-objection to reclassify Tamrock Great Britain Holdings from promoter group to public (application Oct 13, 2025).
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Submission Of Application For Re-Classification
13 Oct - 13 Oct 2025: Eimco filed for promoter-to-public reclassification for Tamrock GB Holdings; 0 shares (0%).
Annual reports
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Financial Year 2025
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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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Concalls
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Sep 2025TranscriptAI SummaryPPT
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]