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 ₹ 11,177 Cr.
- Current Price ₹ 497
- High / Low ₹ 717 / 352
- Stock P/E 31.5
- Book Value ₹ 91.3
- Dividend Yield 0.40 %
- ROCE 22.4 %
- ROE 19.2 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 57.7% CAGR over last 5 years
Cons
- Earnings include an other income of Rs.225 Cr.
- Working capital days have increased from 103 days to 178 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 503 | 980 | 923 | 911 | 955 | 836 | 796 | 893 | 1,197 | 1,600 | 1,871 | 2,016 | |
| 397 | 825 | 757 | 801 | 841 | 729 | 651 | 703 | 914 | 1,186 | 1,407 | 1,541 | |
| Operating Profit | 106 | 154 | 166 | 110 | 114 | 107 | 145 | 190 | 283 | 414 | 464 | 475 |
| OPM % | 21% | 16% | 18% | 12% | 12% | 13% | 18% | 21% | 24% | 26% | 25% | 24% |
| 23 | 27 | 8 | 11 | 22 | 8 | 11 | 5 | 15 | 40 | 53 | 225 | |
| Interest | 30 | 71 | 73 | 68 | 65 | 70 | 55 | 33 | 12 | 6 | 10 | 23 |
| Depreciation | 52 | 56 | 48 | 48 | 44 | 44 | 42 | 38 | 39 | 41 | 51 | 91 |
| Profit before tax | 48 | 56 | 52 | 5 | 28 | 1 | 58 | 124 | 246 | 406 | 456 | 585 |
| Tax % | 30% | 34% | 60% | -59% | 57% | -5,558% | 38% | 23% | 24% | 25% | 25% | 19% |
| 33 | 37 | 21 | 8 | 12 | 72 | 36 | 96 | 188 | 303 | 340 | 477 | |
| EPS in Rs | 1.52 | 1.68 | 0.94 | 0.36 | 0.54 | 3.23 | 1.62 | 4.26 | 8.38 | 13.51 | 15.15 | 21.24 |
| Dividend Payout % | 36% | 33% | 27% | 28% | 19% | 0% | 12% | 16% | 12% | 11% | 13% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 20% |
| 3 Years: | 19% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 58% |
| 3 Years: | 23% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 59% |
| 3 Years: | 32% |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 20% |
| 3 Years: | 22% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 489 | 702 | 707 | 708 | 718 | 760 | 797 | 885 | 1,057 | 1,325 | 1,631 | 2,026 |
| 249 | 568 | 461 | 497 | 474 | 391 | 253 | 117 | 20 | 43 | 151 | 244 | |
| 296 | 684 | 669 | 727 | 733 | 664 | 630 | 411 | 316 | 369 | 493 | 569 | |
| Total Liabilities | 1,056 | 1,976 | 1,859 | 1,955 | 1,947 | 1,836 | 1,702 | 1,435 | 1,416 | 1,760 | 2,297 | 2,861 |
| 334 | 789 | 759 | 716 | 680 | 654 | 614 | 588 | 606 | 623 | 762 | 875 | |
| CWIP | 2 | 8 | 2 | 1 | 5 | 0 | 0 | 0 | 0 | 1 | 7 | 23 |
| Investments | 199 | 113 | 128 | 160 | 160 | 119 | 119 | 119 | 138 | 342 | 544 | 854 |
| 521 | 1,066 | 970 | 1,077 | 1,102 | 1,063 | 969 | 729 | 672 | 794 | 985 | 1,110 | |
| Total Assets | 1,056 | 1,976 | 1,859 | 1,955 | 1,947 | 1,836 | 1,702 | 1,435 | 1,416 | 1,760 | 2,297 | 2,861 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 218 | 13 | 196 | 106 | 71 | 170 | 220 | 178 | 294 | 235 | 279 | 281 | |
| -167 | -16 | -26 | -65 | 14 | -13 | -16 | -4 | -144 | -185 | -159 | -173 | |
| -52 | 17 | -185 | -38 | -89 | -156 | -193 | -175 | -140 | -47 | -55 | -111 | |
| Net Cash Flow | -1 | 14 | -15 | 4 | -5 | 2 | 11 | -2 | 10 | 3 | 65 | -3 |
| Free Cash Flow | 211 | -7 | 187 | 95 | 58 | 158 | 217 | 161 | 250 | 211 | 216 | 188 |
| CFO/OP | 218% | 28% | 121% | 95% | 64% | 162% | 151% | 109% | 127% | 81% | 86% | 82% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 164 | 246 | 232 | 250 | 209 | 244 | 214 | 155 | 91 | 93 | 112 | 120 |
| Inventory Days | 208 | 222 | 221 | 182 | 205 | 220 | 177 | 158 | 117 | 79 | 68 | 76 |
| Days Payable | 333 | 344 | 344 | 336 | 294 | 441 | 363 | 187 | 101 | 83 | 94 | 88 |
| Cash Conversion Cycle | 39 | 124 | 109 | 96 | 120 | 23 | 28 | 125 | 107 | 89 | 85 | 108 |
| Working Capital Days | 59 | -17 | -20 | -2 | 55 | 48 | 73 | 74 | 69 | 69 | 62 | 178 |
| ROCE % | 9% | 10% | 10% | 6% | 8% | 6% | 10% | 15% | 24% | 33% | 29% | 22% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated Order Book (Open Orders) INR Crores |
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| Consolidated Order Intake INR Crores |
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| Domestic Organized Gear Market Share % |
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| Gear Segment Order Intake INR Crores |
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| Gear Manufacturing Capacity (Standard Unit) Gearboxes per Month |
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| MHE Segment Order Intake INR Crores |
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| Total Manufacturing Area (India) Square Meters |
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| Global Manufacturing/Assembly Centers Number |
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Extracted by Screener AI
Documents
Announcements
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Clarification On Price Movement
10h - Elecon clarifies no pending price-sensitive announcement exists and denies connection to recent share movement.
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Clarification sought from Elecon Engineering Company Ltd
24 Apr - Exchange has sought clarification from Elecon Engineering Company Ltd on April 24, 2026 with reference to significant movement in price, in order to ensure that …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
22 Apr - Transcript of the Earnings Conference call held on 16th April, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 Apr - Elecon Engineering schedules NDR meetings with analysts and investors on 27-29 April 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 Apr - Audio recording link for Q4 FY2025-26 earnings conference call uploaded on company website.
Annual reports
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Financial Year 2025
from bse
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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
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Concalls
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Apr 2026Transcript PPT REC
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Jan 2026Transcript PPT REC
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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 Divisions
a) Gear Division:[1]
- Product Portfolio: Helical/Bevel Helical Gearboxes, Worm Gearboxes, Couplings, Planetary Gearboxes, Marine Gearboxes, Custom Built Gearboxes, EON2 Series Gearboxes, High-Speed Gearboxes, Central Drive Mill Gearboxes, Pinion Shaft, Double Helical Gear Wheels, Loose Gears
- Product Applications: It serves industries like Power, Cement, Sugar, Steel, etc.
- Clientele: [2] Hayley, Brith Steel, Adani, TATA Steel, NTPC, BHEL, Indian Cane Powers Ltd, Dalmia Bharath Group, United Utilities, etc.