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

₹ 518 -4.17%
25 Apr - 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

Products and Services 9MFY24[1]
Power Transmission (87%): The company was the first to introduce modular design concepts, case-hardened, and ground gear technology in India. [2]

Website BSE NSE
  • Market Cap ₹ 11,618 Cr.
  • Current Price ₹ 518
  • High / Low ₹ 739 / 348
  • Stock P/E 34.2
  • Book Value ₹ 73.7
  • Dividend Yield 0.29 %
  • ROCE 29.2 %
  • ROE 22.7 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 36.2% CAGR over last 5 years

Cons

  • Stock is trading at 7.03 times its book value
  • Working capital days have increased from 96.1 days to 148 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 Total Market Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
248 257 305 304 331 324 407 383 485 293 419 446 713
197 202 230 233 251 238 299 282 368 221 328 320 539
Operating Profit 51 55 75 71 79 87 108 101 118 73 91 127 174
OPM % 20% 21% 25% 23% 24% 27% 26% 26% 24% 25% 22% 28% 24%
3 2 2 4 9 6 11 13 10 13 11 13 16
Interest 5 4 2 2 4 2 2 1 1 1 1 3 4
Depreciation 9 9 10 10 11 10 11 10 10 10 11 13 17
Profit before tax 39 44 65 63 74 81 106 102 116 74 89 124 169
Tax % 15% 25% 27% 24% 20% 25% 26% 25% 25% 25% 25% 26% 26%
34 33 48 48 59 61 79 76 87 55 67 92 125
EPS in Rs 1.49 1.47 2.12 2.15 2.65 2.71 3.52 3.40 3.87 2.46 2.99 4.10 5.59
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
501 503 980 923 911 955 836 796 893 1,197 1,600 1,871
401 397 825 757 801 841 729 651 703 914 1,186 1,408
Operating Profit 100 106 154 166 110 114 107 145 190 283 414 464
OPM % 20% 21% 16% 18% 12% 12% 13% 18% 21% 24% 26% 25%
18 23 27 8 11 22 8 11 5 15 40 53
Interest 33 30 71 73 68 65 70 55 33 12 6 10
Depreciation 45 52 56 48 48 44 44 42 38 39 41 51
Profit before tax 39 48 56 52 5 28 1 58 124 246 406 456
Tax % 30% 30% 34% 60% -59% 57% -5,558% 38% 23% 24% 25% 25%
27 33 37 21 8 12 72 36 96 188 303 340
EPS in Rs 1.26 1.52 1.68 0.94 0.36 0.54 3.23 1.62 4.26 8.38 13.51 15.15
Dividend Payout % 40% 36% 33% 27% 28% 19% 0% 12% 16% 12% 11% 13%
Compounded Sales Growth
10 Years: 14%
5 Years: 17%
3 Years: 28%
TTM: 17%
Compounded Profit Growth
10 Years: 28%
5 Years: 36%
3 Years: 51%
TTM: 13%
Stock Price CAGR
10 Years: 32%
5 Years: 117%
3 Years: 79%
1 Year: -8%
Return on Equity
10 Years: 12%
5 Years: 18%
3 Years: 22%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 470 489 702 707 708 718 760 797 885 1,057 1,325 1,631
259 249 568 461 497 474 391 253 117 20 43 151
312 296 684 669 727 733 664 630 411 316 369 493
Total Liabilities 1,062 1,056 1,976 1,859 1,955 1,947 1,836 1,702 1,435 1,416 1,760 2,297
374 334 789 759 716 680 654 614 588 606 623 762
CWIP 7 2 8 2 1 5 0 0 0 0 1 7
Investments 37 199 113 128 160 160 119 119 119 138 342 544
645 521 1,066 970 1,077 1,102 1,063 969 729 672 794 985
Total Assets 1,062 1,056 1,976 1,859 1,955 1,947 1,836 1,702 1,435 1,416 1,760 2,297

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
23 218 13 196 106 71 170 220 178 294 235 279
-0 -167 -16 -26 -65 14 -13 -16 -4 -144 -185 -159
-25 -52 17 -185 -38 -89 -156 -193 -175 -140 -47 -55
Net Cash Flow -3 -1 14 -15 4 -5 2 11 -2 10 3 65

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 123 164 246 232 250 209 244 214 155 91 93 112
Inventory Days 199 208 222 221 182 205 220 177 158 117 79 68
Days Payable 343 333 344 344 336 294 441 363 187 101 83 94
Cash Conversion Cycle -21 39 124 109 96 120 23 28 125 107 89 85
Working Capital Days 219 160 135 111 123 144 142 119 111 71 70 148
ROCE % 10% 9% 10% 10% 6% 8% 6% 10% 15% 24% 33% 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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