Eimco Elecon (India) Ltd

Eimco Elecon (India) Ltd

₹ 1,621 -0.94%
28 Apr - close price
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]

  • Market Cap 935 Cr.
  • Current Price 1,621
  • High / Low 3,020 / 1,406
  • Stock P/E 24.2
  • Book Value 810
  • Dividend Yield 0.31 %
  • ROCE 11.3 %
  • ROE 8.61 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 27.9% CAGR over last 5 years

Cons

  • Company has a low return on equity of 10.3% over last 3 years.
  • Earnings include an other income of Rs.17.0 Cr.
  • Promoter holding has decreased over last 3 years: -25.1%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
64.24 43.78 51.15 48.26 84.30 69.72 66.63 45.84 64.29 67.57 33.24 63.06 66.88
50.77 41.29 38.31 40.36 67.58 54.65 51.54 37.99 46.14 55.26 28.02 50.55 53.95
Operating Profit 13.47 2.49 12.84 7.90 16.72 15.07 15.09 7.85 18.15 12.31 5.22 12.51 12.93
OPM % 20.97% 5.69% 25.10% 16.37% 19.83% 21.62% 22.65% 17.12% 28.23% 18.22% 15.70% 19.84% 19.33%
2.37 5.43 4.20 4.08 4.71 5.27 6.12 2.78 4.15 8.09 4.27 5.95 -1.31
Interest 0.13 0.17 0.16 0.32 0.30 0.19 0.14 0.10 0.13 0.12 0.16 0.34 0.23
Depreciation 2.09 1.74 1.78 1.86 2.08 1.78 1.86 2.18 2.50 1.87 2.44 2.01 2.45
Profit before tax 13.62 6.01 15.10 9.80 19.05 18.37 19.21 8.35 19.67 18.41 6.89 16.11 8.94
Tax % 28.34% -3.66% 21.85% 22.96% 22.10% 19.49% 32.01% 25.99% 24.40% 21.35% 22.35% 22.35% 28.75%
9.77 6.22 11.80 7.55 14.84 14.78 13.06 6.19 14.87 14.48 5.35 12.52 6.36
EPS in Rs 16.94 10.78 20.46 13.09 25.73 25.62 22.64 10.73 25.78 25.10 9.27 21.70 11.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
196 140 171 140 185 108 126 84 173 228 246 231
167 117 149 125 159 102 115 75 148 187 190 188
Operating Profit 29 23 22 15 25 6 11 9 24 40 56 43
OPM % 15% 16% 13% 11% 14% 5% 9% 11% 14% 18% 23% 19%
5 8 13 10 11 11 11 9 10 18 18 17
Interest 0 0 0 1 1 1 1 0 0 1 1 1
Depreciation 4 6 5 5 5 6 7 8 8 7 8 9
Profit before tax 30 24 30 19 30 10 14 10 26 50 66 50
Tax % 28% 26% 16% 15% 24% 8% 21% 14% 21% 19% 25% 23%
22 17 25 16 23 9 11 9 21 40 49 39
EPS in Rs 37.31 30.27 43.50 28.50 40.25 16.31 19.52 14.77 36.18 70.05 84.79 67.11
Dividend Payout % 13% 17% 12% 18% 17% 31% 26% 17% 14% 7% 6% 6%
Compounded Sales Growth
10 Years: 5%
5 Years: 13%
3 Years: 10%
TTM: -6%
Compounded Profit Growth
10 Years: 10%
5 Years: 28%
3 Years: 23%
TTM: -20%
Stock Price CAGR
10 Years: 17%
5 Years: 36%
3 Years: 39%
1 Year: -6%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 10%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 199 251 273 286 306 310 318 324 343 380 426 462
-0 -0 -0 1 2 3 2 0 1 0 0 4
39 40 32 43 37 32 41 32 37 64 56 52
Total Liabilities 244 297 311 335 350 350 367 362 387 450 488 524
28 65 68 77 74 78 87 81 76 73 70 75
CWIP 0 0 -0 1 9 11 0 0 1 0 1 2
Investments 75 126 143 142 149 153 155 153 165 180 226 205
141 106 100 115 117 109 125 128 146 197 191 243
Total Assets 244 297 311 335 350 350 367 362 387 450 488 524

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
19 42 19 10 10 11 3 -10 7 12 33 22
-16 -42 -15 -5 -8 -3 3 8 -5 -2 -36 -22
-3 -3 -3 -3 -3 -5 -3 -5 -2 -4 -4 -1
Net Cash Flow 0 -3 1 2 -0 3 3 -6 -0 5 -6 -1
Free Cash Flow 4 37 15 -4 -1 2 -3 -12 4 7 27 -37
CFO/OP 95% 209% 108% 97% 61% 289% 51% -84% 45% 49% 83% 75%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 164 135 104 157 120 104 178 169 112 150 101 115
Inventory Days 105 211 139 199 147 349 204 705 320 270 387 400
Days Payable 93 128 56 124 73 113 106 168 74 80 56 65
Cash Conversion Cycle 177 218 187 232 194 340 276 706 357 341 432 450
Working Capital Days 172 181 151 189 158 245 239 427 230 207 206 251
ROCE % 14% 9% 11% 7% 10% 3% 5% 3% 8% 14% 16% 11%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Employee Strength (Permanent)
Number

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Net Fixed Assets Turnover Ratio
Ratio
Production Volume - Mining Machinery
Units
Order Book
INR Cr
Market Share in Intermediate Technology UG Coal Production
%
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 73.64% 73.64% 73.64% 48.96% 48.96% 48.96%
0.01% 0.00% 0.00% 0.20% 0.10% 0.10% 0.28% 0.45% 0.21% 0.60% 3.39% 3.10%
0.00% 0.00% 0.00% 0.00% 0.36% 0.37% 0.75% 0.33% 0.33% 0.23% 1.00% 1.05%
25.93% 25.94% 25.95% 25.74% 25.47% 25.47% 25.32% 25.58% 25.82% 50.22% 46.65% 46.89%
No. of Shareholders 7,4316,7648,9068,3489,93512,28112,75812,03412,02015,98918,20418,122

* 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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