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 ₹ 1,037 Cr.
- Current Price ₹ 1,796
- High / Low ₹ 2,553 / 1,406
- Stock P/E 27.1
- Book Value ₹ 669
- Dividend Yield 0.22 %
- ROCE 13.2 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 18.5%
Cons
- Stock is trading at 2.69 times its book value
- Company has a low return on equity of 6.40% over last 3 years.
- Earnings include an other income of Rs.16.3 Cr.
- Company has high debtors of 150 days.
- 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.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 140 | 171 | 140 | 185 | 108 | 126 | 84 | 173 | 228 | |
| 117 | 149 | 125 | 159 | 102 | 115 | 75 | 148 | 187 | |
| Operating Profit | 23 | 22 | 15 | 25 | 6 | 11 | 9 | 24 | 40 |
| OPM % | 16% | 13% | 11% | 14% | 5% | 9% | 11% | 14% | 18% |
| 8 | 13 | 10 | 11 | 11 | 11 | 9 | 9 | 16 | |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 1 |
| Depreciation | 6 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 7 |
| Profit before tax | 24 | 29 | 19 | 30 | 10 | 14 | 10 | 25 | 48 |
| Tax % | 26% | 16% | 16% | 24% | 8% | 21% | 14% | 22% | 20% |
| 18 | 25 | 16 | 23 | 9 | 11 | 9 | 20 | 39 | |
| EPS in Rs | 31.00 | 42.85 | 28.21 | 40.17 | 16.45 | 19.55 | 15.05 | 33.84 | 66.83 |
| Dividend Payout % | 16% | 12% | 18% | 17% | 30% | 26% | 33% | 15% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 22% |
| TTM: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 50% |
| TTM: | 96% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 30% |
| 3 Years: | 32% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 255 | 276 | 289 | 309 | 313 | 322 | 327 | 345 | 380 |
| 0 | 0 | 1 | 2 | 3 | 2 | 0 | 1 | 0 | |
| 40 | 32 | 43 | 37 | 32 | 41 | 32 | 37 | 64 | |
| Total Liabilities | 301 | 314 | 338 | 353 | 353 | 370 | 366 | 389 | 450 |
| 65 | 68 | 77 | 74 | 78 | 87 | 81 | 76 | 73 | |
| CWIP | 0 | 0 | 1 | 9 | 11 | 0 | 0 | 1 | 0 |
| Investments | 130 | 146 | 145 | 152 | 156 | 158 | 157 | 166 | 180 |
| 106 | 100 | 115 | 117 | 109 | 125 | 128 | 146 | 197 | |
| Total Assets | 301 | 314 | 338 | 353 | 353 | 370 | 366 | 389 | 450 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 43 | 19 | 10 | 10 | 11 | 3 | -10 | 7 | 12 | |
| -42 | -14 | -5 | -8 | -3 | 3 | 8 | -5 | -2 | |
| -3 | -3 | -3 | -3 | -5 | -3 | -5 | -2 | -4 | |
| Net Cash Flow | -3 | 1 | 2 | -0 | 3 | 3 | -6 | -0 | 5 |
| Free Cash Flow | 37 | 15 | -4 | -1 | 2 | -3 | -12 | 4 | 7 |
| CFO/OP | 211% | 106% | 97% | 61% | 290% | 51% | -84% | 45% | 49% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 135 | 104 | 157 | 120 | 104 | 178 | 169 | 112 | 150 |
| Inventory Days | 211 | 139 | 199 | 147 | 349 | 204 | 705 | 320 | 270 |
| Days Payable | 128 | 56 | 124 | 73 | 113 | 106 | 168 | 74 | 86 |
| Cash Conversion Cycle | 218 | 187 | 232 | 194 | 340 | 276 | 706 | 357 | 335 |
| Working Capital Days | 181 | 151 | 189 | 158 | 245 | 239 | 427 | 230 | 207 |
| ROCE % | 10% | 7% | 10% | 3% | 5% | 3% | 8% | 13% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Permanent Employees Count ・Standalone data |
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| R&D Expenditure INR Lakhs ・Standalone data |
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| UG Coal Mining Revenue Share % of total revenue ・Standalone data |
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| Open Order / Order Book INR Crore ・Standalone data |
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| CIL and SCCL Customer Concentration % of total revenue ・Standalone data |
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| R&D Engineers Count ・Standalone data |
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| Service and Distribution Network Locations Count ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Jul
- Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Jul
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Unaudited Financial Results For The Quarter Ended June 30, 2026
9 Jul - Board approved Q1 FY27 unaudited results; net profit rose to Rs 1,537.85 lakh.
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Board Meeting Outcome for Outcome Of Board Meeting Held On July 9, 2026
9 Jul - Board approved Q1 FY27 unaudited results; profit rose to Rs 1,537.85 lakh on Rs 7,752.31 lakh revenue.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jul
Annual reports
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Financial Year 2026
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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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Concalls
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Sep 2025TranscriptAI SummaryPPT
Business Overview[1]
Eimco Elecon (India) Ltd. is engaged in the design, manufacture, and servicing of underground mining equipment and construction machinery.