Eimco Elecon (India) Ltd

Eimco Elecon (India) Ltd

₹ 2,080 0.48%
08 May - 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 1,189 Cr.
  • Current Price 2,080
  • High / Low 2,430 / 564
  • Stock P/E 30.9
  • Book Value 669
  • Dividend Yield 0.24 %
  • ROCE 13.3 %
  • ROE 10.5 %
  • Face Value 10.0

Pros

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

Cons

  • Stock is trading at 3.11 times its book value
  • Company has a low return on equity of 6.42% over last 3 years.
  • Earnings include an other income of Rs.16.6 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
38 15 11 23 36 33 37 38 64 44 51 48 84
37 14 10 20 31 35 31 32 51 41 38 40 68
Operating Profit 1 1 1 3 5 -1 6 6 13 2 13 8 17
OPM % 4% 4% 9% 14% 13% -4% 17% 16% 21% 6% 25% 16% 20%
1 2 3 2 3 0 4 3 2 5 3 4 5
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 1 1 2 3 5 -3 8 7 14 5 14 10 19
Tax % 71% -176% 28% 30% 24% 60% 23% 28% 28% -4% 23% 23% 22%
0 2 1 2 4 -1 6 5 10 5 11 8 15
EPS in Rs 0.43 3.02 2.17 3.29 6.57 -2.25 10.57 8.51 17.01 9.29 18.72 13.09 25.73
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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 75 148 188
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 17
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% 7% 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: 97%
Stock Price CAGR
10 Years: 22%
5 Years: 40%
3 Years: 78%
1 Year: 254%
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 -3
-3 -3 -3 -3 -5 -3 -5 -2 -4
Net Cash Flow -3 1 2 -0 3 3 -6 -0 5

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 181 151 189 158 245 241 428 231 218
ROCE % 10% 7% 10% 3% 5% 3% 8%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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% 0.00% 0.00% 0.02% 0.00% 0.02% 0.00% 0.01% 0.00% 0.00% 0.20%
0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.94% 25.94% 25.94% 25.94% 25.92% 25.95% 25.93% 25.96% 25.93% 25.94% 25.95% 25.74%
No. of Shareholders 5,1988,4969,0098,8068,6918,1107,7557,6747,4316,7648,9068,348

* 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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