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 ₹ 935 Cr.
- Current Price ₹ 1,621
- High / Low ₹ 3,020 / 1,406
- Stock P/E 24.4
- Book Value ₹ 669
- Dividend Yield 0.31 %
- 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
- 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: | 17% |
| 5 Years: | 36% |
| 3 Years: | 39% |
| 1 Year: | -6% |
| 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 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 ・Standalone data |
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| Net Fixed Assets Turnover Ratio Ratio ・Standalone data |
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| Production Volume - Mining Machinery Units ・Standalone data |
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| Order Book INR Cr ・Standalone data |
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| Market Share in Intermediate Technology UG Coal Production % ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Update On Acquisition Of Land - Execution Of Sale Deed(S)
20 Apr - Executed sale deeds on 20 April 2026 for 35,056 sq. m land in Kanjari, Gujarat, for ₹45.56 crore.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Apr - Publication of Audited Financial Results for the quarter and year ended on 31st March, 2026
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Compliances-Reg.24(A)-Annual Secretarial Compliance
15 Apr - Filed FY2025-26 Secretarial Compliance Report; no non-compliances or actions reported.
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Intimation For Launch Of New Product(S)
14 Apr - Eimco Elecon launched UV-A-BE and MCAR-E underground mining vehicles on 14 April 2026.
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Corporate Action-Board approves Dividend
14 Apr - Board approved FY2026 audited results, recommended Rs.4 dividend, and reappointed auditors on 14 April 2026.
Annual reports
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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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Financial Year 2012
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Concalls
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Sep 2025TranscriptAI SummaryPPT
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]