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 ₹ 9,874 Cr.
- Current Price ₹ 440
- High / Low ₹ 626 / 352
- Stock P/E 32.7
- Book Value ₹ 103
- Dividend Yield 0.45 %
- ROCE 20.9 %
- ROE 16.4 %
- Face Value ₹ 1.00
Pros
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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,329 | 1,280 | 1,202 | 1,180 | 1,225 | 1,088 | 1,044 | 1,212 | 1,530 | 1,937 | 2,227 | 2,366 | 2,396 | |
| 1,153 | 1,105 | 1,027 | 1,055 | 1,084 | 947 | 858 | 960 | 1,189 | 1,463 | 1,679 | 1,843 | 1,894 | |
| Operating Profit | 176 | 176 | 175 | 126 | 140 | 142 | 186 | 252 | 341 | 475 | 548 | 523 | 502 |
| OPM % | 13% | 14% | 15% | 11% | 11% | 13% | 18% | 21% | 22% | 24% | 25% | 22% | 21% |
| 17 | 29 | 12 | 8 | 69 | 9 | 8 | 5 | 22 | 50 | 63 | 60 | -25 | |
| Interest | 87 | 83 | 90 | 75 | 74 | 78 | 60 | 38 | 14 | 9 | 13 | 25 | 27 |
| Depreciation | 72 | 62 | 53 | 53 | 48 | 53 | 52 | 49 | 49 | 51 | 61 | 104 | 109 |
| Profit before tax | 34 | 60 | 44 | 6 | 88 | 20 | 81 | 171 | 300 | 465 | 537 | 454 | 341 |
| Tax % | 49% | 37% | 75% | -33% | 21% | -360% | 29% | 18% | 21% | 24% | 23% | 25% | |
| 17 | 37 | 11 | 7 | 70 | 90 | 58 | 140 | 238 | 356 | 415 | 341 | 236 | |
| EPS in Rs | 0.75 | 1.72 | 0.48 | 0.33 | 3.12 | 4.00 | 2.57 | 6.26 | 10.58 | 15.85 | 18.50 | 15.20 | 10.53 |
| Dividend Payout % | 73% | 32% | 52% | 30% | 3% | 0% | 8% | 11% | 9% | 9% | 11% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 18% |
| 3 Years: | 16% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 44% |
| 3 Years: | 14% |
| TTM: | -33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 40% |
| 3 Years: | 3% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 20% |
| 3 Years: | 21% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 514 | 682 | 687 | 686 | 746 | 832 | 897 | 1,028 | 1,257 | 1,582 | 1,976 | 2,283 |
| 552 | 629 | 583 | 590 | 548 | 483 | 335 | 151 | 52 | 70 | 181 | 273 | |
| 877 | 870 | 794 | 857 | 849 | 792 | 733 | 513 | 399 | 449 | 550 | 655 | |
| Total Liabilities | 1,964 | 2,203 | 2,087 | 2,156 | 2,165 | 2,129 | 1,988 | 1,715 | 1,730 | 2,123 | 2,729 | 3,234 |
| 523 | 898 | 861 | 834 | 799 | 799 | 758 | 739 | 754 | 769 | 914 | 930 | |
| CWIP | 4 | 8 | 2 | 1 | 5 | 0 | 0 | 1 | 0 | 1 | 7 | 23 |
| Investments | 15 | 49 | 49 | 51 | 54 | 53 | 53 | 54 | 77 | 286 | 496 | 743 |
| 1,422 | 1,248 | 1,175 | 1,270 | 1,307 | 1,277 | 1,176 | 921 | 899 | 1,067 | 1,313 | 1,538 | |
| Total Assets | 1,964 | 2,203 | 2,087 | 2,156 | 2,165 | 2,129 | 1,988 | 1,715 | 1,730 | 2,123 | 2,729 | 3,234 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 177 | 12 | 188 | 70 | 87 | 222 | 248 | 223 | 309 | 365 | 425 | 314 | |
| 0 | 7 | -7 | -51 | 40 | -25 | -19 | 15 | -166 | -279 | -309 | -182 | |
| -168 | -5 | -134 | -64 | -118 | -176 | -210 | -250 | -145 | -58 | -67 | -122 | |
| Net Cash Flow | 9 | 14 | 47 | -44 | 9 | 21 | 19 | -12 | -2 | 27 | 49 | 10 |
| Free Cash Flow | 177 | 16 | 180 | 52 | 103 | 209 | 245 | 209 | 263 | 339 | 361 | 218 |
| CFO/OP | 113% | 25% | 111% | 55% | 67% | 160% | 133% | 101% | 110% | 100% | 101% | 81% |
Ratios
Consolidated / View Standalone
| 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 | 236 | 201 | 191 | 208 | 177 | 205 | 177 | 125 | 82 | 84 | 101 | 111 |
| Inventory Days | 187 | 218 | 203 | 189 | 206 | 248 | 188 | 167 | 142 | 97 | 86 | 98 |
| Days Payable | 278 | 331 | 326 | 295 | 259 | 420 | 319 | 173 | 100 | 80 | 100 | 94 |
| Cash Conversion Cycle | 145 | 88 | 69 | 102 | 124 | 33 | 46 | 119 | 125 | 102 | 87 | 115 |
| Working Capital Days | 66 | -11 | -27 | 1 | 50 | 38 | 54 | 71 | 75 | 67 | 63 | 74 |
| ROCE % | 10% | 10% | 10% | 6% | 10% | 7% | 11% | 17% | 25% | 31% | 28% | 21% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Overseas Revenue Share (% of consolidated revenue) % |
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| Open Order Book - Gear Division Rs Crore |
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| Open Order Book - Total Consolidated Rs Crore |
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| Order Intake - Gear Division Rs Crore |
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| Order Intake - MHE Division Rs Crore |
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| Market Share in Indian Industrial Gear Market % |
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| Overseas Distributors & Dealers count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication pertaining to special window for Re- lodgement of transfer of physical shares as attached.
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Board Meeting Intimation for Unaudited Results For Quarter & Half Year Ended On 30/09/2026 And Interim Dividend If Any Alongwith Other Agenda.
- Board meets on 14 Oct 2026 for Q2/H1 results and possible interim dividend; trading window closes from 1 Oct 2026.
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Closure of Trading Window
- Trading window closes October 1, 2026; board meets October 14 for Q2/H1 results and interim dividend.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Elecon to meet analysts/investors in Mumbai on 3 September 2026 at Elara Capital’s dialogue event.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication relating to Special Window for re-lodgement of transfer request for physical securities
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2013
from bse
Concalls
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Jul 2026Transcript PPT REC
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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 2023PPT
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May 2023Transcript PPT
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Apr 2023PPT
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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 2021Transcript
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Aug 2021Transcript PPT
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Jun 2021Transcript
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Jun 2021Transcript
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Oct 2020Transcript
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Oct 2019Transcript
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Apr 2019Transcript
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Oct 2018Transcript
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May 2018Transcript
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.