Eimco Elecon (India) Ltd
Eimco Elecon (India) Limited, incorporated in 1974, is in the business of Manufacturing and Marketing Equipment for Underground and Opencast mines. The Co is situated at Vallabh Vidyanagar, Gujarat. It was the first Co. to introduce the intermediate technology of Side Dump Loaders, Load Haul Dumpers and Rocker Shovel Loaders in India. [1]
- Market Cap ₹ 1,704 Cr.
- Current Price ₹ 2,944
- High / Low ₹ 3,499 / 765
- Stock P/E 34.8
- Book Value ₹ 669
- Dividend Yield 0.17 %
- ROCE 13.5 %
- ROE 10.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 4.40 times its book value
- Company has a low return on equity of 6.67% over last 3 years.
- Earnings include an other income of Rs.18.3 Cr.
- Company has high debtors of 150 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
172 | 193 | 196 | 140 | 171 | 140 | 185 | 108 | 126 | 84 | 173 | 228 | 253 | |
150 | 164 | 167 | 117 | 149 | 125 | 159 | 102 | 115 | 75 | 148 | 187 | 201 | |
Operating Profit | 22 | 29 | 29 | 23 | 22 | 15 | 25 | 6 | 11 | 9 | 24 | 40 | 52 |
OPM % | 13% | 15% | 15% | 16% | 13% | 11% | 14% | 5% | 9% | 11% | 14% | 18% | 21% |
4 | 4 | 5 | 8 | 13 | 10 | 11 | 11 | 11 | 9 | 10 | 18 | 18 | |
Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
Depreciation | 5 | 5 | 4 | 6 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 7 | 8 |
Profit before tax | 20 | 28 | 30 | 24 | 30 | 19 | 30 | 10 | 14 | 10 | 26 | 50 | 62 |
Tax % | 25% | 28% | 28% | 26% | 16% | 15% | 24% | 8% | 21% | 14% | 21% | 19% | |
15 | 20 | 22 | 17 | 25 | 16 | 23 | 9 | 11 | 9 | 21 | 40 | 49 | |
EPS in Rs | 26.25 | 34.97 | 37.31 | 30.27 | 43.50 | 28.50 | 40.25 | 16.31 | 19.52 | 14.77 | 36.18 | 70.05 | 84.90 |
Dividend Payout % | 15% | 11% | 13% | 17% | 12% | 18% | 17% | 31% | 26% | 17% | 14% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 4% |
3 Years: | 22% |
TTM: | 38% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 11% |
3 Years: | 52% |
TTM: | 73% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 60% |
3 Years: | 92% |
1 Year: | 272% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 7% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 164 | 182 | 199 | 251 | 273 | 286 | 306 | 310 | 318 | 324 | 343 | 380 |
0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 2 | 0 | 1 | 0 | |
25 | 37 | 39 | 40 | 32 | 43 | 37 | 32 | 41 | 32 | 37 | 64 | |
Total Liabilities | 195 | 225 | 244 | 297 | 311 | 335 | 350 | 350 | 367 | 362 | 387 | 450 |
17 | 17 | 28 | 65 | 68 | 77 | 74 | 78 | 87 | 81 | 76 | 73 | |
CWIP | 2 | 1 | 0 | 0 | 0 | 1 | 9 | 11 | 0 | 0 | 1 | 0 |
Investments | 62 | 71 | 75 | 126 | 143 | 142 | 149 | 153 | 155 | 153 | 165 | 180 |
114 | 136 | 141 | 106 | 100 | 115 | 117 | 109 | 125 | 128 | 146 | 197 | |
Total Assets | 195 | 225 | 244 | 297 | 311 | 335 | 350 | 350 | 367 | 362 | 387 | 450 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13 | 12 | 19 | 42 | 19 | 10 | 10 | 11 | 3 | -10 | 7 | 12 | |
-11 | -9 | -16 | -42 | -15 | -5 | -8 | -3 | 3 | 8 | -5 | -2 | |
-3 | -3 | -3 | -3 | -3 | -3 | -3 | -5 | -3 | -5 | -2 | -4 | |
Net Cash Flow | -1 | 0 | 0 | -3 | 1 | 2 | -0 | 3 | 3 | -6 | -0 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 103 | 181 | 164 | 135 | 104 | 157 | 120 | 104 | 178 | 169 | 112 | 150 |
Inventory Days | 220 | 87 | 105 | 211 | 139 | 199 | 147 | 349 | 204 | 705 | 320 | 270 |
Days Payable | 66 | 83 | 93 | 128 | 56 | 124 | 73 | 113 | 106 | 168 | 74 | 86 |
Cash Conversion Cycle | 257 | 184 | 177 | 218 | 187 | 232 | 194 | 340 | 276 | 706 | 357 | 335 |
Working Capital Days | 181 | 175 | 172 | 181 | 151 | 189 | 158 | 245 | 241 | 428 | 231 | 207 |
ROCE % | 13% | 15% | 14% | 9% | 11% | 7% | 10% | 3% | 5% | 3% | 8% | 14% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Aug
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 31 Jul
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 26 Jul
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Jul - Publication of Unaudited Financial Results for the quarter ended on 30th June, 2024
- Board Meeting Outcome for Outcome Of Board Meeting Held On 16Th July, 2024 16 Jul
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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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
from nse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
Product Portfolio
The Co. sells underground coal mining machinery and its spares & components like Wheel Loaders, Dump trucks, Haulers, Drill machines, etc contributing ~89% to the revenue of the company.[1] [2]