Eimco Elecon (India) Ltd

₹ 1,792 -0.99%

23 Jul - 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

Business Overview^[1]
Eimco Elecon (India) Ltd. is engaged in the design, manufacture, and servicing of underground mining equipment and construction machinery.

Website BSE NSE

Market Cap ₹ 1,035 Cr.
Current Price ₹ 1,792
High / Low ₹ 2,553 / 1,406
Stock P/E 26.1
Book Value ₹ 810
Dividend Yield 0.22 %
ROCE 10.3 %
ROE 7.81 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company has delivered good profit growth of 25.4% CAGR over last 5 years

Cons

Company has a low return on equity of 10.0% over last 3 years.
Earnings include an other income of Rs.16.7 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

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44	51	48	84	70	67	46	64	68	33	63	67	78
	41	38	40	68	55	52	38	46	55	28	51	54	63
Operating Profit	2	13	8	17	15	15	8	18	12	5	13	13	14
OPM %	6%	25%	16%	20%	22%	23%	17%	28%	18%	16%	20%	19%	18%
	5	4	4	5	5	6	3	4	8	4	6	-1	8
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	6	15	10	19	18	19	8	20	18	7	16	9	20
Tax %	-4%	22%	23%	22%	19%	32%	26%	24%	21%	22%	22%	29%	22%
	6	12	8	15	15	13	6	15	14	5	13	6	15
EPS in Rs	10.78	20.46	13.09	25.73	25.62	22.64	10.73	25.78	25.10	9.27	21.70	11.03	26.66
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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	TTM
	196	140	171	140	185	108	126	84	173	228	246	231	241
	167	117	149	125	159	102	115	75	148	187	190	188	196
Operating Profit	29	23	22	15	25	6	11	9	24	40	56	43	45
OPM %	15%	16%	13%	11%	14%	5%	9%	11%	14%	18%	23%	19%	19%
	5	8	13	10	11	11	11	9	10	18	18	17	17
Interest	0	0	0	1	1	1	1	0	0	1	1	1	1
Depreciation	4	6	5	5	5	6	7	8	8	7	8	9	9
Profit before tax	30	24	30	19	30	10	14	10	26	50	66	50	52
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	40
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	68.66
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:	-1%

Compounded Profit Growth
10 Years:	9%
5 Years:	25%
3 Years:	19%
TTM:	-19%

Stock Price CAGR
10 Years:	14%
5 Years:	30%
3 Years:	32%
1 Year:	-22%

Return on Equity
10 Years:	7%
5 Years:	8%
3 Years:	10%
Last Year:	8%

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	229
ROCE %	14%	9%	11%	7%	10%	3%	5%	3%	8%	14%	16%	10%

Insights

In beta

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Permanent Employees
Count

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x.xx	x.xx	x.xx		x.xx	x.xx	x.xx			x.xx

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R&D Expenditure
INR Lakhs

UG Coal Mining Revenue Share
% of total revenue

Open Order / Order Book
INR Crore

CIL and SCCL Customer Concentration
% of total revenue

R&D Engineers
Count

Service and Distribution Network Locations
Count

R&D Expenditure (Percentage of Turnover)
%

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Shareholding Pattern

Numbers in percentages

2 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.06%	74.06%	74.06%	74.06%	74.06%	73.64%	73.64%	73.64%	48.96%	48.96%	48.96%	48.96%
	0.00%	0.00%	0.20%	0.10%	0.10%	0.28%	0.45%	0.21%	0.60%	3.39%	3.10%	3.25%
	0.00%	0.00%	0.00%	0.36%	0.37%	0.75%	0.33%	0.33%	0.23%	1.00%	1.05%	0.98%
	25.94%	25.95%	25.74%	25.47%	25.47%	25.32%	25.58%	25.82%	50.22%	46.65%	46.89%	46.81%
No. of Shareholders	6,764	8,906	8,348	9,935	12,281	12,758	12,034	12,020	15,989	18,204	18,122	17,825

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	74.06%	74.06%	74.06%	74.06%	74.06%	74.06%	74.06%	74.06%	73.64%	48.96%	48.96%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.20%	0.45%	3.10%	3.25%
	4.80%	4.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.33%	1.05%	0.98%
	21.15%	21.15%	25.94%	25.94%	25.94%	25.94%	25.96%	25.74%	25.58%	46.89%	46.81%
No. of Shareholders	5,206	6,080	5,904	5,532	5,225	8,806	7,674	8,348	12,034	18,122	17,825

* 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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Eimco Elecon (India) Ltd

Eimco Elecon (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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