Elecon Engineering Company Ltd

Elecon Engineering Company Ltd

₹ 497 -2.98%
27 Apr - close price
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 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.

  • Market Cap 11,177 Cr.
  • Current Price 497
  • High / Low 717 / 352
  • Stock P/E 31.3
  • Book Value 103
  • Dividend Yield 0.40 %
  • ROCE 21.0 %
  • ROE 16.6 %
  • Face Value 1.00

Pros

Cons

  • Working capital days have increased from 98.6 days to 166 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
424.54 414.34 484.90 473.56 564.62 392.36 508.14 528.89 797.57 490.57 578.13 551.74 745.61
331.69 314.37 366.16 353.17 429.26 299.98 395.84 386.31 602.24 360.27 452.49 442.56 587.59
Operating Profit 92.85 99.97 118.74 120.39 135.36 92.38 112.30 142.58 195.33 130.30 125.64 109.18 158.02
OPM % 21.87% 24.13% 24.49% 25.42% 23.97% 23.54% 22.10% 26.96% 24.49% 26.56% 21.73% 19.79% 21.19%
9.44 9.39 14.34 11.23 15.51 16.89 13.56 16.66 21.07 107.51 18.32 18.85 -84.20
Interest 4.60 2.47 2.63 1.49 2.05 2.29 2.19 3.46 5.10 6.15 5.69 6.82 6.25
Depreciation 13.60 12.42 13.28 12.64 12.58 12.83 13.13 15.54 19.26 24.54 25.28 27.24 27.18
Profit before tax 84.09 94.47 117.17 117.49 136.24 94.15 110.54 140.24 192.04 207.12 112.99 93.97 40.39
Tax % 19.21% 22.77% 24.41% 23.06% 23.92% 22.08% 20.64% 23.32% 23.72% 15.30% 22.36% 23.39% 85.14%
67.94 72.96 88.57 90.40 103.65 73.36 87.72 107.54 146.48 175.44 87.72 71.99 6.00
EPS in Rs 3.03 3.25 3.95 4.03 4.62 3.27 3.91 4.79 6.53 7.82 3.91 3.21 0.27
Raw PDF

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
1,329 1,280 1,202 1,180 1,225 1,088 1,044 1,212 1,530 1,937 2,227 2,366
1,153 1,105 1,027 1,055 1,084 947 858 960 1,189 1,463 1,684 1,843
Operating Profit 176 176 175 126 140 142 186 252 341 475 543 523
OPM % 13% 14% 15% 11% 11% 13% 18% 21% 22% 24% 24% 22%
17 29 12 8 69 9 8 5 22 50 68 60
Interest 87 83 90 75 74 78 60 38 14 9 13 25
Depreciation 72 62 53 53 48 53 52 49 49 51 61 104
Profit before tax 34 60 44 6 88 20 81 171 300 465 537 454
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
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
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: 6%
Compounded Profit Growth
10 Years: 30%
5 Years: 44%
3 Years: 14%
TTM: -14%
Stock Price CAGR
10 Years: 32%
5 Years: 59%
3 Years: 32%
1 Year: -4%
Return on Equity
10 Years: 15%
5 Years: 20%
3 Years: 21%
Last Year: 17%

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 87 222 248 223 309 365 432 314
0 7 -7 -51 40 -25 -19 15 -166 -279 -316 -220
-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 -27
Free Cash Flow 177 16 180 52 103 209 245 209 263 339 368 218
CFO/OP 113% 25% 111% 55% 67% 160% 133% 101% 110% 100% 103% 81%

Ratios

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
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 99 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 63 166
ROCE % 10% 10% 10% 6% 10% 7% 11% 17% 25% 31% 28% 21%

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
Domestic Organized Gear Market Share
% ・Standalone data
Gear Segment Order Intake
INR Crores
Gear Manufacturing Capacity (Standard Unit)
Gearboxes per Month ・Standalone data
MHE Segment Order Intake
INR Crores
Total Manufacturing Area (India)
Square Meters ・Standalone data
Global Manufacturing/Assembly Centers
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
59.29% 59.29% 59.29% 59.28% 59.28% 59.28% 59.28% 59.28% 59.28% 59.28% 59.28% 59.28%
2.81% 4.88% 5.96% 7.58% 9.10% 9.84% 9.73% 8.65% 9.61% 8.31% 8.09% 7.13%
2.02% 2.92% 2.64% 2.29% 2.55% 2.97% 3.67% 4.39% 3.80% 4.13% 4.48% 5.67%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.03% 0.03% 0.04% 0.04% 0.04% 0.04%
35.88% 32.90% 32.11% 30.84% 29.07% 27.91% 27.30% 27.65% 27.28% 28.25% 28.11% 27.89%
No. of Shareholders 65,22081,53987,81693,0511,00,2951,10,5341,07,5491,11,0671,15,5011,26,3191,21,9391,22,574

* 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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