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

₹ 561 -0.69%
22 Nov - 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 ₹ 12,588 Cr.
  • Current Price ₹ 561
  • High / Low ₹ 739 / 395
  • Stock P/E 44.1
  • Book Value ₹ 64.4
  • Dividend Yield 0.27 %
  • ROCE 32.9 %
  • ROE 24.8 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 90.9% CAGR over last 5 years

Cons

  • Stock is trading at 8.71 times its book value

* 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 500 Nifty Total Market Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty MidSmallcap 400

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
239 185 248 257 305 304 331 324 407 383 485 293 419
188 151 197 202 230 233 251 238 299 282 368 221 328
Operating Profit 51 34 51 55 75 71 79 87 108 101 118 73 91
OPM % 21% 18% 20% 21% 25% 23% 24% 27% 26% 26% 24% 25% 22%
1 2 3 2 2 4 9 6 11 13 10 13 11
Interest 11 4 5 4 2 2 4 2 2 1 1 1 1
Depreciation 10 10 9 9 10 10 11 10 11 10 10 10 11
Profit before tax 32 21 39 44 65 63 74 81 106 102 116 74 89
Tax % 28% 26% 15% 25% 27% 24% 20% 25% 26% 25% 25% 25% 25%
23 16 34 33 48 48 59 61 79 76 87 55 67
EPS in Rs 1.03 0.70 1.49 1.47 2.12 2.15 2.65 2.71 3.52 3.40 3.87 2.46 2.99
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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
595 501 503 980 923 911 955 836 796 893 1,197 1,600 1,581
491 401 397 825 757 801 841 729 651 703 914 1,186 1,198
Operating Profit 104 100 106 154 166 110 114 107 145 190 283 414 382
OPM % 18% 20% 21% 16% 18% 12% 12% 13% 18% 21% 24% 26% 24%
-16 18 23 27 8 11 22 8 11 5 15 40 46
Interest 32 33 30 71 73 68 65 70 55 33 12 6 5
Depreciation 42 45 52 56 48 48 44 44 42 38 39 41 41
Profit before tax 15 39 48 56 52 5 28 1 58 124 246 406 382
Tax % 43% 30% 30% 34% 60% -59% 57% -5,558% 38% 23% 24% 25%
9 27 33 37 21 8 12 72 36 96 188 303 285
EPS in Rs 0.46 1.26 1.52 1.68 0.94 0.36 0.54 3.23 1.62 4.26 8.38 13.51 12.72
Dividend Payout % 109% 40% 36% 33% 27% 28% 19% 0% 12% 16% 12% 11%
Compounded Sales Growth
10 Years: 12%
5 Years: 11%
3 Years: 26%
TTM: 16%
Compounded Profit Growth
10 Years: 27%
5 Years: 91%
3 Years: 102%
TTM: 15%
Stock Price CAGR
10 Years: 36%
5 Years: 102%
3 Years: 82%
1 Year: 17%
Return on Equity
10 Years: 10%
5 Years: 15%
3 Years: 19%
Last Year: 25%

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 Sep 2024
Equity Capital 19 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 454 470 489 702 707 708 718 760 797 885 1,057 1,325 1,424
255 259 249 568 461 497 474 391 253 117 20 43 93
351 312 296 684 669 727 733 664 630 411 316 369 397
Total Liabilities 1,079 1,062 1,056 1,976 1,859 1,955 1,947 1,836 1,702 1,435 1,416 1,760 1,936
411 374 334 789 759 716 680 654 614 588 606 623 657
CWIP 8 7 2 8 2 1 5 0 0 0 0 1 16
Investments 37 37 199 113 128 160 160 119 119 119 138 342 445
624 645 521 1,066 970 1,077 1,102 1,063 969 729 672 794 818
Total Assets 1,079 1,062 1,056 1,976 1,859 1,955 1,947 1,836 1,702 1,435 1,416 1,760 1,936

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
206 23 218 13 196 106 71 170 220 178 294 235
125 -0 -167 -16 -26 -65 14 -13 -16 -4 -144 -185
-334 -25 -52 17 -185 -38 -89 -156 -193 -175 -140 -47
Net Cash Flow -4 -3 -1 14 -15 4 -5 2 11 -2 10 3

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 87 123 164 246 232 250 209 244 214 155 91 93
Inventory Days 180 199 208 222 221 182 205 220 177 158 117 79
Days Payable 306 343 333 344 344 336 294 441 363 187 101 83
Cash Conversion Cycle -40 -21 39 124 109 96 120 23 28 125 107 89
Working Capital Days 150 219 160 135 111 123 144 142 119 111 71 70
ROCE % 8% 10% 9% 10% 10% 6% 8% 6% 10% 15% 24% 33%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.21% 59.26% 59.26% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29% 59.28% 59.28% 59.28%
1.71% 1.71% 2.14% 2.01% 1.95% 2.11% 2.81% 4.88% 5.96% 7.58% 9.10% 9.84%
1.84% 1.85% 1.84% 1.50% 1.79% 1.76% 2.02% 2.92% 2.64% 2.29% 2.55% 2.97%
0.25% 0.25% 0.25% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
36.99% 36.93% 36.51% 37.15% 36.96% 36.84% 35.88% 32.90% 32.11% 30.84% 29.07% 27.91%
No. of Shareholders 60,40662,29258,68164,02263,34263,19265,22081,53987,81693,0511,00,2951,10,534

* 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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