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 ₹ 1,042 Cr.
- Current Price ₹ 1,805
- High / Low ₹ 3,020 / 1,250
- Stock P/E 27.2
- Book Value ₹ 669
- Dividend Yield 0.28 %
- ROCE 13.2 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 18.5%
Cons
- Stock is trading at 2.70 times its book value
- Promoter holding has decreased over last quarter: -24.7%
- Company has a low return on equity of 6.40% over last 3 years.
- Earnings include an other income of Rs.16.3 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
140 | 171 | 140 | 185 | 108 | 126 | 84 | 173 | 228 | |
117 | 149 | 125 | 159 | 102 | 115 | 75 | 148 | 187 | |
Operating Profit | 23 | 22 | 15 | 25 | 6 | 11 | 9 | 24 | 40 |
OPM % | 16% | 13% | 11% | 14% | 5% | 9% | 11% | 14% | 18% |
8 | 13 | 10 | 11 | 11 | 11 | 9 | 9 | 16 | |
Interest | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 1 |
Depreciation | 6 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 7 |
Profit before tax | 24 | 29 | 19 | 30 | 10 | 14 | 10 | 25 | 48 |
Tax % | 26% | 16% | 16% | 24% | 8% | 21% | 14% | 22% | 20% |
18 | 25 | 16 | 23 | 9 | 11 | 9 | 20 | 39 | |
EPS in Rs | 31.00 | 42.85 | 28.21 | 40.17 | 16.45 | 19.55 | 15.05 | 33.84 | 66.83 |
Dividend Payout % | 16% | 12% | 18% | 17% | 30% | 26% | 33% | 15% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 22% |
TTM: | 32% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 50% |
TTM: | 96% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 42% |
3 Years: | 71% |
1 Year: | -38% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 6% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 |
Reserves | 255 | 276 | 289 | 309 | 313 | 322 | 327 | 345 | 380 |
0 | 0 | 1 | 2 | 3 | 2 | 0 | 1 | 0 | |
40 | 32 | 43 | 37 | 32 | 41 | 32 | 37 | 64 | |
Total Liabilities | 301 | 314 | 338 | 353 | 353 | 370 | 366 | 389 | 450 |
65 | 68 | 77 | 74 | 78 | 87 | 81 | 76 | 73 | |
CWIP | 0 | 0 | 1 | 9 | 11 | 0 | 0 | 1 | 0 |
Investments | 130 | 146 | 145 | 152 | 156 | 158 | 157 | 166 | 180 |
106 | 100 | 115 | 117 | 109 | 125 | 128 | 146 | 197 | |
Total Assets | 301 | 314 | 338 | 353 | 353 | 370 | 366 | 389 | 450 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
43 | 19 | 10 | 10 | 11 | 3 | -10 | 7 | 12 | |
-42 | -14 | -5 | -8 | -3 | 3 | 8 | -5 | -2 | |
-3 | -3 | -3 | -3 | -5 | -3 | -5 | -2 | -4 | |
Net Cash Flow | -3 | 1 | 2 | -0 | 3 | 3 | -6 | -0 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 135 | 104 | 157 | 120 | 104 | 178 | 169 | 112 | 150 |
Inventory Days | 211 | 139 | 199 | 147 | 349 | 204 | 705 | 320 | 270 |
Days Payable | 128 | 56 | 124 | 73 | 113 | 106 | 168 | 74 | 86 |
Cash Conversion Cycle | 218 | 187 | 232 | 194 | 340 | 276 | 706 | 357 | 335 |
Working Capital Days | 181 | 151 | 189 | 158 | 245 | 239 | 427 | 230 | 207 |
ROCE % | 10% | 7% | 10% | 3% | 5% | 3% | 8% | 13% |
Documents
Announcements
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Submission Of Application For Re-Classification
13 Oct - 13 Oct 2025: Eimco filed for promoter-to-public reclassification for Tamrock GB Holdings; 0 shares (0%).
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Oct - Publication of Unaudited Financial Results for the quarter and half-year ended on 30th September, 2025
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Unaudited Financial Results For The Quarter And Half-Year Ended On 30Th September, 2025
9 Oct - Unaudited Q2/H1 results (30 Sep 2025): H1 revenue Rs11,317.02L; H1 net profit Rs1,983.38L; MOA adds defence, pharma; promoter reclassified.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 9Th October, 2025
9 Oct - Approved Q2/H1 Sep 30, 2025 results; MOA amended to add defense, pharmaceuticals; Tamrock reclassification; SMP retirement.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Oct - Newspaper Advertisement of Special Window for Re-lodgement of Transfer Requests of Physical Shares
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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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
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Financial Year 2013
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Financial Year 2012
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Concalls
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Sep 2025TranscriptNotesPPT
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]