Elecon Engineering Company Ltd
Elecon Engineering Company Ltd., incorporated in 1960. Company manufactures and sells power transmission and material handling equipment in India and internationally. In addition, it engages in the steel and non-ferrous foundry business. [1]
- Market Cap ₹ 11,627 Cr.
- Current Price ₹ 518
- High / Low ₹ 717 / 348
- Stock P/E 28.8
- Book Value ₹ 85.8
- Dividend Yield 0.39 %
- ROCE 29.1 %
- ROE 22.6 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 36.2% CAGR over last 5 years
Cons
- Earnings include an other income of Rs.222 Cr.
* 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 Electrical Equipment Heavy Electrical Equipment
Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 501 | 503 | 980 | 923 | 911 | 955 | 836 | 796 | 893 | 1,197 | 1,600 | 1,871 | 2,065 | |
| 401 | 397 | 825 | 757 | 801 | 841 | 729 | 651 | 703 | 914 | 1,186 | 1,407 | 1,530 | |
| Operating Profit | 100 | 106 | 154 | 166 | 110 | 114 | 107 | 145 | 190 | 283 | 414 | 464 | 535 |
| OPM % | 20% | 21% | 16% | 18% | 12% | 12% | 13% | 18% | 21% | 24% | 26% | 25% | 26% |
| 18 | 23 | 27 | 8 | 11 | 22 | 8 | 11 | 5 | 15 | 40 | 53 | 222 | |
| Interest | 33 | 30 | 71 | 73 | 68 | 65 | 70 | 55 | 33 | 12 | 6 | 10 | 18 |
| Depreciation | 45 | 52 | 56 | 48 | 48 | 44 | 44 | 42 | 38 | 39 | 41 | 51 | 73 |
| Profit before tax | 39 | 48 | 56 | 52 | 5 | 28 | 1 | 58 | 124 | 246 | 406 | 456 | 666 |
| Tax % | 30% | 30% | 34% | 60% | -59% | 57% | -5,558% | 38% | 23% | 24% | 25% | 25% | |
| 27 | 33 | 37 | 21 | 8 | 12 | 72 | 36 | 96 | 188 | 303 | 340 | 535 | |
| EPS in Rs | 1.26 | 1.52 | 1.68 | 0.94 | 0.36 | 0.54 | 3.23 | 1.62 | 4.26 | 8.38 | 13.51 | 15.15 | 23.86 |
| Dividend Payout % | 40% | 36% | 33% | 27% | 28% | 19% | 0% | 12% | 16% | 12% | 11% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 17% |
| 3 Years: | 28% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 36% |
| 3 Years: | 51% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 83% |
| 3 Years: | 42% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 18% |
| 3 Years: | 22% |
| Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 470 | 489 | 702 | 707 | 708 | 718 | 760 | 797 | 885 | 1,057 | 1,325 | 1,631 | 1,904 |
| 259 | 249 | 568 | 461 | 497 | 474 | 391 | 253 | 117 | 20 | 43 | 151 | 229 | |
| 312 | 296 | 684 | 669 | 727 | 733 | 664 | 630 | 411 | 316 | 369 | 493 | 433 | |
| Total Liabilities | 1,062 | 1,056 | 1,976 | 1,859 | 1,955 | 1,947 | 1,836 | 1,702 | 1,435 | 1,416 | 1,760 | 2,297 | 2,588 |
| 374 | 334 | 789 | 759 | 716 | 680 | 654 | 614 | 588 | 606 | 623 | 762 | 846 | |
| CWIP | 7 | 2 | 8 | 2 | 1 | 5 | 0 | 0 | 0 | 0 | 1 | 7 | 26 |
| Investments | 37 | 199 | 113 | 128 | 160 | 160 | 119 | 119 | 119 | 138 | 342 | 544 | 800 |
| 645 | 521 | 1,066 | 970 | 1,077 | 1,102 | 1,063 | 969 | 729 | 672 | 794 | 985 | 916 | |
| Total Assets | 1,062 | 1,056 | 1,976 | 1,859 | 1,955 | 1,947 | 1,836 | 1,702 | 1,435 | 1,416 | 1,760 | 2,297 | 2,588 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23 | 218 | 13 | 196 | 106 | 71 | 170 | 220 | 178 | 294 | 235 | 279 | |
| -0 | -167 | -16 | -26 | -65 | 14 | -13 | -16 | -4 | -144 | -185 | -159 | |
| -25 | -52 | 17 | -185 | -38 | -89 | -156 | -193 | -175 | -140 | -47 | -55 | |
| Net Cash Flow | -3 | -1 | 14 | -15 | 4 | -5 | 2 | 11 | -2 | 10 | 3 | 65 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 123 | 164 | 246 | 232 | 250 | 209 | 244 | 214 | 155 | 91 | 93 | 112 |
| Inventory Days | 199 | 208 | 222 | 221 | 182 | 205 | 220 | 177 | 158 | 117 | 79 | 68 |
| Days Payable | 343 | 333 | 344 | 344 | 336 | 294 | 441 | 363 | 187 | 101 | 83 | 94 |
| Cash Conversion Cycle | -21 | 39 | 124 | 109 | 96 | 120 | 23 | 28 | 125 | 107 | 89 | 85 |
| Working Capital Days | 98 | 59 | -17 | -20 | -2 | 55 | 48 | 73 | 74 | 69 | 69 | 62 |
| ROCE % | 10% | 9% | 10% | 10% | 6% | 8% | 6% | 10% | 15% | 24% | 33% | 29% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Earnings Conference Call to be held on 9th January, 2026. Details attached
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Jan - Certificate under Reg 74(5) confirming dematerialisation for quarter ended 31 December 2025, from MUFG Intime.
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Board Meeting Intimation for Unaudited Financial Results For The Quarter And Nine Months Ended On 31St December, 2025.
31 Dec - Trading window closed Jan 1, 2026; Board meeting Jan 8, 2026 to approve Q3/9M FY2026 unaudited results.
- Closure of Trading Window 31 Dec
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Nov 2025 - Newspaper publication pertaining to Special Window for re-lodgment of transfer request of physical shares is attached.
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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Oct 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT REC
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Apr 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Oct 2023Transcript PPT REC
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Jul 2023Transcript PPT REC
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Jul 2023TranscriptAI SummaryPPT
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May 2023Transcript PPT
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Apr 2023TranscriptAI SummaryPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Jul 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptPPT
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Aug 2021Transcript PPT
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Jun 2021TranscriptPPT
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Jun 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Apr 2019TranscriptPPT
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Oct 2018TranscriptPPT
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May 2018TranscriptPPT
Business Segment
a) Gear Division: (72% of 9MFY25 revenue)[1]
Elecon is one of Asia's largest Industrial Gear Manufacturers. The product portfolio includes Industrial gears, customized gearboxes (including for Indian Navy/defense), Worm gears, helical gears, and planetary gears.[2]