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 31.5
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
331 324 407 383 485 293 419 446 713 410 496 454 656
251 238 299 282 368 221 328 320 539 288 383 359 511
Operating Profit 79 87 108 101 118 73 91 127 174 122 113 95 144
OPM % 24% 27% 26% 26% 24% 25% 22% 28% 24% 30% 23% 21% 22%
9 6 11 13 10 13 11 13 16 174 18 17 15
Interest 4 2 2 1 1 1 1 3 4 6 5 6 6
Depreciation 11 10 11 10 10 10 11 13 17 22 22 24 24
Profit before tax 74 81 106 102 116 74 89 124 169 269 104 82 130
Tax % 20% 25% 26% 25% 25% 25% 25% 26% 26% 11% 24% 25% 25%
59 61 79 76 87 55 67 92 125 239 79 62 97
EPS in Rs 2.65 2.71 3.52 3.40 3.87 2.46 2.99 4.10 5.59 10.65 3.52 2.76 4.32
Raw PDF

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
Domestic Organized Gear Market Share
%
Gear Segment Order Intake
INR Crores
Gear Manufacturing Capacity (Standard Unit)
Gearboxes per Month
MHE Segment Order Intake
INR Crores
Total Manufacturing Area (India)
Square Meters
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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