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 ₹ 1,457 Cr.
- Current Price ₹ 2,525
- High / Low ₹ 3,499 / 1,250
- Stock P/E 30.2
- Book Value ₹ 749
- Dividend Yield 0.20 %
- ROCE 16.0 %
- ROE 11.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 38.7% CAGR over last 5 years
Cons
- Stock is trading at 3.37 times its book value
- Company has a low return on equity of 9.74% 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
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: | 78% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 58% |
3 Years: | 89% |
1 Year: | 26% |
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 | 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 | 241 | 428 | 231 | 207 | 206 |
ROCE % | 15% | 14% | 9% | 11% | 7% | 10% | 3% | 5% | 3% | 8% | 14% | 16% |
Documents
Announcements
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Receipt Of Information From Promoter
4 Jun - Promoter Tamrock reviews strategic plan, may sell 24.68% stake in Eimco Elecon, no binding commitment yet.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Jun
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Jun - Publication of Notice of the 51st Annual General Meeting, E-voting information and other relevant information
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Transfer Of Equity Shares Of The Company To The Investor Education And Protection Fund (IEPF) Account
2 Jun - Shares with unpaid dividends for 7 years to be transferred to IEPF; claim by 31 Aug 2025 to avoid transfer.
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Reg. 34 (1) Annual Report.
2 Jun - Notice of 51st AGM on 25 June 2025; FY 2024-25 financials, 50% dividend, director appointments, and related party transaction approval.
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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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]