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 ₹ 12,151 Cr.
- Current Price ₹ 541
- High / Low ₹ 719 / 348
- Stock P/E 27.0
- Book Value ₹ 100
- Dividend Yield 0.37 %
- ROCE 28.5 %
- ROE 23.0 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 35.6% CAGR over last 5 years
Cons
* 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
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,293 | 1,329 | 1,280 | 1,202 | 1,180 | 1,225 | 1,088 | 1,044 | 1,212 | 1,530 | 1,937 | 2,227 | 2,395 | |
1,136 | 1,153 | 1,105 | 1,027 | 1,055 | 1,084 | 947 | 858 | 960 | 1,189 | 1,463 | 1,684 | 1,801 | |
Operating Profit | 157 | 176 | 176 | 175 | 126 | 140 | 142 | 186 | 252 | 341 | 475 | 543 | 594 |
OPM % | 12% | 13% | 14% | 15% | 11% | 11% | 13% | 18% | 21% | 22% | 24% | 24% | 25% |
14 | 17 | 29 | 12 | 8 | 69 | 9 | 8 | 5 | 22 | 50 | 68 | 164 | |
Interest | 80 | 87 | 83 | 90 | 75 | 74 | 78 | 60 | 38 | 14 | 9 | 13 | 20 |
Depreciation | 62 | 72 | 62 | 53 | 53 | 48 | 53 | 52 | 49 | 49 | 51 | 61 | 85 |
Profit before tax | 29 | 34 | 60 | 44 | 6 | 88 | 20 | 81 | 171 | 300 | 465 | 537 | 652 |
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 | 517 | |
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 | 23.05 |
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: | 24% |
Compounded Profit Growth | |
---|---|
10 Years: | 40% |
5 Years: | 36% |
3 Years: | 42% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 116% |
3 Years: | 45% |
1 Year: | -25% |
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 | Sep 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 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 | 2,222 |
633 | 552 | 629 | 583 | 590 | 548 | 483 | 335 | 151 | 52 | 70 | 181 | 258 | |
892 | 877 | 870 | 794 | 857 | 849 | 792 | 733 | 513 | 399 | 449 | 550 | 494 | |
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 | 2,996 |
595 | 523 | 898 | 861 | 834 | 799 | 799 | 758 | 739 | 754 | 769 | 914 | 1,004 | |
CWIP | 7 | 4 | 8 | 2 | 1 | 5 | 0 | 0 | 1 | 0 | 1 | 7 | 26 |
Investments | 14 | 15 | 49 | 49 | 51 | 54 | 53 | 53 | 54 | 77 | 286 | 496 | 684 |
1,441 | 1,422 | 1,248 | 1,175 | 1,270 | 1,307 | 1,277 | 1,176 | 921 | 899 | 1,067 | 1,313 | 1,283 | |
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 | 2,996 |
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 | 80 | 99 |
Cash Conversion Cycle | 161 | 145 | 88 | 69 | 102 | 124 | 33 | 46 | 119 | 125 | 102 | 87 |
Working Capital Days | 46 | 66 | -11 | -27 | 1 | 50 | 38 | 54 | 71 | 75 | 67 | 63 |
ROCE % | 9% | 10% | 10% | 10% | 6% | 10% | 7% | 11% | 17% | 25% | 31% | 28% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 2m
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 Oct - Audio recording link of 13 Oct 2025 Q2 FY2025-26 earnings call posted.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Oct - Newspaper publication of Financial Results is attached.
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Board Meeting Outcome for Clarification / Update On Financial Results - Outcome Of Board Meeting Held On Friday, 10Th October, 2025
10 Oct - Interim dividend Re.0.50; Q2/H1 results approved; exceptional gain INR14,942 lakh; arbitration settlements INR2,529/975 lakh.
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Communication To Shareholders - Interim Dividend For FY 2025-26 - Intimation On Tax Deduction At Source (TDS) / Withholding Tax On Interim Dividend
10 Oct - Interim dividend Re.0.50/share declared; record date 16 Oct 2025; TDS/documentation instructions.
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 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Apr 2023TranscriptNotesPPT
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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]