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 35.4
  • Book Value ₹ 78.2
  • Dividend Yield 0.27 %
  • ROCE 31.3 %
  • ROE 24.5 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 55.1% CAGR over last 5 years

Cons

  • Stock is trading at 7.17 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

Consolidated Figures in Rs. Crores / View Standalone

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
314 271 332 328 389 389 425 414 485 474 565 392 508
247 219 263 263 296 300 332 314 366 353 429 300 396
Operating Profit 67 52 69 65 93 89 93 100 119 120 135 92 112
OPM % 21% 19% 21% 20% 24% 23% 22% 24% 24% 25% 24% 24% 22%
2 2 4 4 5 4 9 9 14 11 16 17 14
Interest 12 5 7 4 3 2 5 2 3 1 2 2 2
Depreciation 12 12 12 11 12 12 14 12 13 13 13 13 13
Profit before tax 44 37 54 54 83 79 84 94 117 117 136 94 111
Tax % 20% 15% 14% 21% 22% 20% 19% 23% 24% 23% 24% 22% 21%
35 32 46 42 65 63 68 73 89 90 104 73 88
EPS in Rs 1.58 1.41 2.06 1.89 2.90 2.80 3.03 3.25 3.95 4.03 4.62 3.27 3.91
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,527 1,293 1,329 1,280 1,202 1,180 1,225 1,088 1,044 1,212 1,530 1,937 1,939
1,310 1,136 1,153 1,105 1,027 1,055 1,084 947 858 960 1,189 1,463 1,478
Operating Profit 216 157 176 176 175 126 140 142 186 252 341 475 460
OPM % 14% 12% 13% 14% 15% 11% 11% 13% 18% 21% 22% 24% 24%
-19 14 17 29 12 8 69 9 8 5 22 50 57
Interest 90 80 87 83 90 75 74 78 60 38 14 9 8
Depreciation 57 62 72 62 53 53 48 53 52 49 49 51 51
Profit before tax 50 29 34 60 44 6 88 20 81 171 300 465 458
Tax % 41% 51% 49% 37% 75% -33% 21% -360% 29% 18% 21% 24%
29 14 17 37 11 7 70 90 58 140 238 356 355
EPS in Rs 0.97 0.63 0.75 1.72 0.48 0.33 3.12 4.00 2.57 6.26 10.58 15.85 15.83
Dividend Payout % 52% 79% 73% 32% 52% 30% 3% 0% 8% 11% 9% 9%
Compounded Sales Growth
10 Years: 4%
5 Years: 10%
3 Years: 23%
TTM: 13%
Compounded Profit Growth
10 Years: 38%
5 Years: 55%
3 Years: 83%
TTM: 22%
Stock Price CAGR
10 Years: 36%
5 Years: 102%
3 Years: 82%
1 Year: 17%
Return on Equity
10 Years: 11%
5 Years: 17%
3 Years: 20%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 516 510 514 682 687 686 746 832 897 1,028 1,257 1,582 1,732
697 633 552 629 583 590 548 420 335 151 52 70 118
892 892 877 870 794 857 849 855 733 513 399 449 475
Total Liabilities 2,123 2,058 1,964 2,203 2,087 2,156 2,165 2,129 1,988 1,715 1,730 2,123 2,347
625 595 523 898 861 834 799 799 758 739 754 769 806
CWIP 10 7 4 8 2 1 5 0 0 1 0 1 17
Investments 13 14 15 49 49 51 54 53 53 54 77 286 393
1,475 1,441 1,422 1,248 1,175 1,270 1,307 1,277 1,176 921 899 1,067 1,132
Total Assets 2,123 2,058 1,964 2,203 2,087 2,156 2,165 2,129 1,988 1,715 1,730 2,123 2,347

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
176 160 177 12 188 70 87 222 248 223 309 365
-98 -30 0 7 -7 -51 40 -25 -19 15 -166 -279
-65 -140 -168 -5 -134 -64 -118 -176 -210 -250 -145 -58
Net Cash Flow 13 -9 9 14 47 -44 9 21 19 -12 -2 27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 200 241 236 201 191 208 177 205 177 125 82 84
Inventory Days 178 209 187 218 203 189 206 248 188 167 142 97
Days Payable 244 289 278 331 326 295 259 420 319 173 100 82
Cash Conversion Cycle 134 161 145 88 69 102 124 33 46 119 125 99
Working Capital Days 153 170 159 102 84 112 134 124 118 101 78 68
ROCE % 14% 9% 10% 10% 10% 6% 10% 8% 11% 17% 25% 31%

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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