Elecon Engineering Company Ltd

Elecon Engg.Co Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Elecon Engineering Company Ltd

₹ 656 -2.71%
20 May - close price
elecon.com BSE: 505700 NSE: ELECON
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 14,718 Cr.
  • Current Price ₹ 656
  • High / Low ₹ 739 / 348
  • Stock P/E 35.5
  • Book Value ₹ 89.1
  • Dividend Yield 0.23 %
  • ROCE 28.5 %
  • ROE 23.0 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 35.7% CAGR over last 5 years

Cons

  • Stock is trading at 7.36 times its book value
  • Working capital days have increased from 94.4 days to 137 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.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

Part of Nifty 500 Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
332 328 389 389 425 414 485 474 565 392 508 529 798
263 263 296 300 332 314 366 353 429 300 396 386 602
Operating Profit 69 65 93 89 93 100 119 120 135 92 112 143 195
OPM % 21% 20% 24% 23% 22% 24% 24% 25% 24% 24% 22% 27% 24%
4 4 5 4 9 9 14 11 16 17 14 17 21
Interest 7 4 3 2 5 2 3 1 2 2 2 3 5
Depreciation 12 11 12 12 14 12 13 13 13 13 13 16 19
Profit before tax 54 54 83 79 84 94 117 117 136 94 111 140 192
Tax % 14% 21% 22% 20% 19% 23% 24% 23% 24% 22% 21% 23% 24%
46 42 65 63 68 73 89 90 104 73 88 108 146
EPS in Rs 2.06 1.89 2.90 2.80 3.03 3.25 3.95 4.03 4.62 3.27 3.91 4.79 6.53
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,293 1,329 1,280 1,202 1,180 1,225 1,088 1,044 1,212 1,530 1,937 2,227
1,136 1,153 1,105 1,027 1,055 1,084 947 858 960 1,189 1,463 1,684
Operating Profit 157 176 176 175 126 140 142 186 252 341 475 543
OPM % 12% 13% 14% 15% 11% 11% 13% 18% 21% 22% 24% 24%
14 17 29 12 8 69 9 8 5 22 50 68
Interest 80 87 83 90 75 74 78 60 38 14 9 13
Depreciation 62 72 62 53 53 48 53 52 49 49 51 61
Profit before tax 29 34 60 44 6 88 20 81 171 300 465 537
Tax % 51% 49% 37% 75% -33% 21% -360% 29% 18% 21% 24% 23%
14 17 37 11 7 70 90 58 140 238 356 415
EPS in Rs 0.63 0.75 1.72 0.48 0.33 3.12 4.00 2.57 6.26 10.58 15.85 18.50
Dividend Payout % 79% 73% 32% 52% 30% 3% 0% 8% 11% 9% 9% 11%
Compounded Sales Growth
10 Years: 5%
5 Years: 15%
3 Years: 22%
TTM: 15%
Compounded Profit Growth
10 Years: 40%
5 Years: 36%
3 Years: 42%
TTM: 18%
Stock Price CAGR
10 Years: 34%
5 Years: 133%
3 Years: 86%
1 Year: 15%
Return on Equity
10 Years: 14%
5 Years: 19%
3 Years: 23%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 510 514 682 687 686 746 832 897 1,028 1,257 1,582 1,976
633 552 629 583 590 548 420 335 151 52 70 181
892 877 870 794 857 849 855 733 513 399 449 550
Total Liabilities 2,058 1,964 2,203 2,087 2,156 2,165 2,129 1,988 1,715 1,730 2,123 2,729
595 523 898 861 834 799 799 758 739 754 769 914
CWIP 7 4 8 2 1 5 0 0 1 0 1 7
Investments 14 15 49 49 51 54 53 53 54 77 286 496
1,441 1,422 1,248 1,175 1,270 1,307 1,277 1,176 921 899 1,067 1,313
Total Assets 2,058 1,964 2,203 2,087 2,156 2,165 2,129 1,988 1,715 1,730 2,123 2,729

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
160 177 12 188 70 87 222 248 223 309 365 432
-30 0 7 -7 -51 40 -25 -19 15 -166 -279 -316
-140 -168 -5 -134 -64 -118 -176 -210 -250 -145 -58 -67
Net Cash Flow -9 9 14 47 -44 9 21 19 -12 -2 27 49

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 241 236 201 191 208 177 205 177 125 82 84 101
Inventory Days 209 187 218 203 189 206 248 188 167 142 97 86
Days Payable 289 278 331 326 295 259 420 319 173 100 82 99
Cash Conversion Cycle 161 145 88 69 102 124 33 46 119 125 99 87
Working Capital Days 170 159 102 84 112 134 124 118 101 78 68 137
ROCE % 9% 10% 10% 10% 6% 10% 8% 11% 17% 25% 31% 29%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
59.26% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29% 59.28% 59.28% 59.28% 59.28% 59.28%
2.14% 2.01% 1.95% 2.11% 2.81% 4.88% 5.96% 7.58% 9.10% 9.84% 9.73% 8.65%
1.84% 1.50% 1.79% 1.76% 2.02% 2.92% 2.64% 2.29% 2.55% 2.97% 3.67% 4.39%
0.25% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.03% 0.03%
36.51% 37.15% 36.96% 36.84% 35.88% 32.90% 32.11% 30.84% 29.07% 27.91% 27.30% 27.65%
No. of Shareholders 58,68164,02263,34263,19265,22081,53987,81693,0511,00,2951,10,5341,07,5491,11,067

* 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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