Eimco Elecon (India) Ltd

Eimco Elecon(I) Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Eimco Elecon (India) Ltd

₹ 2,403 -2.99%
13 Dec - close price
eimcoelecon.in BSE: 523708 NSE: EIMCOELECO
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 1,387 Cr.
  • Current Price ₹ 2,403
  • High / Low ₹ 3,499 / 1,268
  • Stock P/E 27.6
  • Book Value ₹ 713
  • Dividend Yield 0.21 %
  • ROCE 13.5 %
  • ROE 10.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.37 times its book value
  • Company has a low return on equity of 6.67% over last 3 years.
  • Earnings include an other income of Rs.20.2 Cr.
  • Company has high debtors of 150 days.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
11 23 36 33 37 38 64 44 51 48 84 70 67
10 20 31 35 31 32 51 41 38 40 68 55 52
Operating Profit 1 3 5 -1 6 6 13 2 13 8 17 15 15
OPM % 9% 14% 13% -4% 17% 16% 21% 6% 25% 16% 20% 22% 23%
3 2 3 0 5 3 2 5 4 4 5 5 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 2 3 5 -3 9 7 14 6 15 10 19 18 19
Tax % 29% 31% 24% -60% 19% 28% 28% -4% 22% 23% 22% 19% 32%
1 2 4 -1 7 5 10 6 12 8 15 15 13
EPS in Rs 2.13 3.14 6.55 -2.22 12.98 8.48 16.94 10.78 20.46 13.09 25.73 25.62 22.64
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
172 193 196 140 171 140 185 108 126 84 173 228 269
150 164 167 117 149 125 159 102 115 75 148 187 214
Operating Profit 22 29 29 23 22 15 25 6 11 9 24 40 55
OPM % 13% 15% 15% 16% 13% 11% 14% 5% 9% 11% 14% 18% 20%
4 4 5 8 13 10 11 11 11 9 10 18 20
Interest 0 0 0 0 0 1 1 1 1 0 0 1 1
Depreciation 5 5 4 6 5 5 5 6 7 8 8 7 8
Profit before tax 20 28 30 24 30 19 30 10 14 10 26 50 66
Tax % 25% 28% 28% 26% 16% 15% 24% 8% 21% 14% 21% 19%
15 20 22 17 25 16 23 9 11 9 21 40 50
EPS in Rs 26.25 34.97 37.31 30.27 43.50 28.50 40.25 16.31 19.52 14.77 36.18 70.05 87.08
Dividend Payout % 15% 11% 13% 17% 12% 18% 17% 31% 26% 17% 14% 7%
Compounded Sales Growth
10 Years: 2%
5 Years: 4%
3 Years: 22%
TTM: 36%
Compounded Profit Growth
10 Years: 8%
5 Years: 11%
3 Years: 52%
TTM: 54%
Stock Price CAGR
10 Years: 22%
5 Years: 53%
3 Years: 90%
1 Year: 36%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 7%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 164 182 199 251 273 286 306 310 318 324 343 380 405
0 0 0 0 0 1 2 3 2 0 1 0 1
25 37 39 40 32 43 37 32 41 32 37 64 61
Total Liabilities 195 225 244 297 311 335 350 350 367 362 387 450 473
17 17 28 65 68 77 74 78 87 81 76 73 72
CWIP 2 1 0 0 0 1 9 11 0 0 1 0 1
Investments 62 71 75 126 143 142 149 153 155 153 165 180 202
114 136 141 106 100 115 117 109 125 128 146 197 198
Total Assets 195 225 244 297 311 335 350 350 367 362 387 450 473

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
13 12 19 42 19 10 10 11 3 -10 7 12
-11 -9 -16 -42 -15 -5 -8 -3 3 8 -5 -2
-3 -3 -3 -3 -3 -3 -3 -5 -3 -5 -2 -4
Net Cash Flow -1 0 0 -3 1 2 -0 3 3 -6 -0 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 103 181 164 135 104 157 120 104 178 169 112 150
Inventory Days 220 87 105 211 139 199 147 349 204 705 320 270
Days Payable 66 83 93 128 56 124 73 113 106 168 74 86
Cash Conversion Cycle 257 184 177 218 187 232 194 340 276 706 357 335
Working Capital Days 181 175 172 181 151 189 158 245 241 428 231 207
ROCE % 13% 15% 14% 9% 11% 7% 10% 3% 5% 3% 8% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 74.06%
0.00% 0.00% 0.02% 0.00% 0.02% 0.00% 0.01% 0.00% 0.00% 0.20% 0.10% 0.10%
0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.36% 0.37%
25.94% 25.94% 25.92% 25.95% 25.93% 25.96% 25.93% 25.94% 25.95% 25.74% 25.47% 25.47%
No. of Shareholders 9,0098,8068,6918,1107,7557,6747,4316,7648,9068,3489,93512,281

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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