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 ₹ 12,788 Cr.
- Current Price ₹ 1,140
- High / Low ₹ 1,245 / 429
- Stock P/E 42.2
- Book Value ₹ 120
- Dividend Yield 0.18 %
- ROCE 33.1 %
- ROE 25.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 91.1% CAGR over last 5 years
Cons
- Stock is trading at 9.47 times its book value
* 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
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
595 | 501 | 503 | 980 | 923 | 911 | 955 | 836 | 796 | 893 | 1,197 | 1,600 | |
491 | 401 | 397 | 825 | 757 | 801 | 841 | 729 | 651 | 703 | 914 | 1,186 | |
Operating Profit | 104 | 100 | 106 | 154 | 166 | 110 | 114 | 107 | 145 | 190 | 283 | 414 |
OPM % | 18% | 20% | 21% | 16% | 18% | 12% | 12% | 13% | 18% | 21% | 24% | 26% |
-16 | 18 | 23 | 27 | 8 | 11 | 22 | 8 | 11 | 5 | 15 | 40 | |
Interest | 32 | 33 | 30 | 71 | 73 | 68 | 65 | 70 | 55 | 33 | 12 | 6 |
Depreciation | 42 | 45 | 52 | 56 | 48 | 48 | 44 | 44 | 42 | 38 | 39 | 41 |
Profit before tax | 15 | 39 | 48 | 56 | 52 | 5 | 28 | 1 | 58 | 124 | 246 | 406 |
Tax % | 43% | 30% | 30% | 34% | 60% | -59% | 57% | -5,558% | 38% | 23% | 24% | 25% |
9 | 27 | 33 | 37 | 21 | 8 | 12 | 72 | 36 | 96 | 188 | 303 | |
EPS in Rs | 0.92 | 2.52 | 3.05 | 3.35 | 1.88 | 0.72 | 1.08 | 6.45 | 3.23 | 8.51 | 16.77 | 27.02 |
Dividend Payout % | 109% | 40% | 36% | 33% | 27% | 28% | 19% | 0% | 12% | 16% | 12% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 11% |
3 Years: | 26% |
TTM: | 34% |
Compounded Profit Growth | |
---|---|
10 Years: | 27% |
5 Years: | 91% |
3 Years: | 103% |
TTM: | 60% |
Stock Price CAGR | |
---|---|
10 Years: | 40% |
5 Years: | 81% |
3 Years: | 140% |
1 Year: | 167% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 15% |
3 Years: | 19% |
Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
Reserves | 454 | 470 | 489 | 702 | 707 | 708 | 718 | 760 | 797 | 885 | 1,057 | 1,325 |
255 | 259 | 249 | 568 | 461 | 497 | 474 | 391 | 253 | 117 | 20 | 43 | |
351 | 312 | 296 | 684 | 669 | 727 | 733 | 664 | 630 | 411 | 316 | 369 | |
Total Liabilities | 1,079 | 1,062 | 1,056 | 1,976 | 1,859 | 1,955 | 1,947 | 1,836 | 1,702 | 1,435 | 1,416 | 1,760 |
411 | 374 | 334 | 789 | 759 | 716 | 680 | 654 | 614 | 588 | 606 | 623 | |
CWIP | 8 | 7 | 2 | 8 | 2 | 1 | 5 | 0 | 0 | 0 | 0 | 1 |
Investments | 37 | 37 | 199 | 113 | 128 | 160 | 160 | 119 | 119 | 119 | 138 | 342 |
624 | 645 | 521 | 1,066 | 970 | 1,077 | 1,102 | 1,063 | 969 | 729 | 672 | 794 | |
Total Assets | 1,079 | 1,062 | 1,056 | 1,976 | 1,859 | 1,955 | 1,947 | 1,836 | 1,702 | 1,435 | 1,416 | 1,760 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
206 | 23 | 218 | 13 | 196 | 106 | 71 | 170 | 220 | 178 | 295 | 235 | |
125 | -0 | -167 | -16 | -26 | -65 | 14 | -13 | -16 | -4 | -145 | -185 | |
-334 | -25 | -52 | 17 | -185 | -38 | -89 | -156 | -193 | -175 | -140 | -47 | |
Net Cash Flow | -4 | -3 | -1 | 14 | -15 | 4 | -5 | 2 | 11 | -2 | 10 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 87 | 123 | 164 | 246 | 232 | 250 | 209 | 244 | 214 | 155 | 91 | 93 |
Inventory Days | 180 | 199 | 208 | 222 | 221 | 182 | 205 | 220 | 177 | 158 | 117 | 79 |
Days Payable | 306 | 343 | 333 | 344 | 344 | 336 | 294 | 441 | 363 | 187 | 113 | 83 |
Cash Conversion Cycle | -40 | -21 | 39 | 124 | 109 | 96 | 120 | 23 | 28 | 125 | 95 | 89 |
Working Capital Days | 150 | 219 | 160 | 135 | 111 | 123 | 144 | 142 | 119 | 111 | 68 | 116 |
ROCE % | 8% | 10% | 9% | 10% | 10% | 6% | 8% | 6% | 10% | 15% | 24% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 Apr - With reference to the above referred Regulation 30 and in continuation of our letter dated 14th April, 2024 regarding schedule of Investors Call, please find …
-
Announcement under Regulation 30 (LODR)-Investor Presentation
20 Apr - Investor Presentation of the Investor call to be held on 22nd April, 2024 is attached.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Apr - Extract of Audited Financial Results for the quarter and financial year ended on 31st March, 2024 published in newspaper. Copy attached.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 Apr - Press Release giving highlights on the performance of the Company for the quarter and financial year ended 31st March, 2024 is attached.
-
Approval Of Reclassification From Category Of Promoter Group To Public
19 Apr - Approved reclassification from category of Promoter Group to Public. Details as per attached letter.
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
Financial Year 2011
from bse
Concalls
-
Apr 2024TranscriptNotesPPT REC
-
Feb 2024Transcript PPT REC
-
Oct 2023Transcript PPT REC
-
Jul 2023Transcript PPT REC
-
Jul 2023TranscriptNotesPPT
-
May 2023Transcript PPT
-
Apr 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Jul 2022Transcript PPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021TranscriptPPT
-
Aug 2021Transcript PPT
-
Jun 2021TranscriptPPT
-
Jun 2021TranscriptPPT
-
Oct 2020TranscriptPPT
-
Oct 2019TranscriptPPT
-
Apr 2019TranscriptPPT
-
Oct 2018TranscriptPPT
-
May 2018TranscriptPPT
Products and Services 9MFY24[1]
Power Transmission (87%): The company was the first to introduce modular design concepts, case-hardened, and ground gear technology in India. [2]