Elecon Engineering Co.Ltd.
Elecon Engineering Company Limited manufactures and sells industrial gears and material handling equipment in India and internationally. The company operates in two segments, Material Handling Equipment and Transmission Equipment. It offers helical and bevel helical, planetary, worm, high speed, wind turbine, marine, and custom-built gear boxes; and customized gear boxes, loose gears, and couplings. The company also provides material handling equipment, such as raw material handling systems, stackers, scrapers/reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers and associated equipment, feeders, idlers and pulleys, magnates/weighers/detectors, port equipment, and cable reeling drums; and alternate energy products. In addition, it engages in the ferrous and non-ferrous foundry business. Further, the company offers gearbox repair and refurbish services; and material handling equipment support services. It serves cement, sugar, defense, steel, mineral, metal, mining, power, plastic, material handling, chemical, palm oil, crane, paper, rubber, marine, and fertilizer industries, as well as windmills. Elecon Engineering Company Limited was founded in 1951 and is based in Vallabh Vidya Nagar, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Apr has averaged the highest return (+25.5%); Feb the lowest (-8.7%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -15.2%Negative MonthJan 2026: -15.24% | +2.0%Neutral MonthFeb 2026: +1.97% | -14.7%Negative MonthMar 2026: -14.73% | +42.9%Positive MonthApr 2026: +42.93% | +5.2%Positive MonthMay 2026: +5.19% | +0.1%Neutral MonthJun 2026: +0.11% | -22.3%*Negative MonthJul 2026: -22.31% | β | β | β | β | β |
| 2025 | -16.2%Negative MonthJan 2025: -16.22% | -22.4%Negative MonthFeb 2025: -22.44% | +8.9%Positive MonthMar 2025: +8.89% | +21.4%Positive MonthApr 2025: +21.38% | +21.8%Positive MonthMay 2025: +21.81% | -1.4%Neutral MonthJun 2025: -1.36% | -12.9%Negative MonthJul 2025: -12.95% | -3.2%Negative MonthAug 2025: -3.18% | +2.9%Positive MonthSep 2025: +2.88% | -1.1%Neutral MonthOct 2025: -1.13% | -10.2%Negative MonthNov 2025: -10.15% | -4.6%Negative MonthDec 2025: -4.60% |
| 2024 | +18.8%Positive MonthJan 2024: +18.76% | -8.7%Negative MonthFeb 2024: -8.67% | -5.5%Negative MonthMar 2024: -5.53% | +19.3%Positive MonthApr 2024: +19.33% | -2.2%Negative MonthMay 2024: -2.18% | +19.2%Positive MonthJun 2024: +19.17% | -4.7%Negative MonthJul 2024: -4.69% | -1.4%Neutral MonthAug 2024: -1.45% | +12.8%Positive MonthSep 2024: +12.80% | -17.9%Negative MonthOct 2024: -17.90% | +1.9%Neutral MonthNov 2024: +1.91% | +8.4%Positive MonthDec 2024: +8.38% |
| 2023 | +5.8%Positive MonthJan 2023: +5.83% | +2.3%Positive MonthFeb 2023: +2.31% | -3.2%Negative MonthMar 2023: -3.24% | +13.5%Positive MonthApr 2023: +13.49% | +22.2%Positive MonthMay 2023: +22.21% | +10.4%Positive MonthJun 2023: +10.37% | +29.6%Positive MonthJul 2023: +29.63% | +16.6%Positive MonthAug 2023: +16.65% | -12.4%Negative MonthSep 2023: -12.38% | +9.0%Positive MonthOct 2023: +9.04% | +11.6%Positive MonthNov 2023: +11.59% | -1.6%Neutral MonthDec 2023: -1.65% |
| 2022 | -3.4%Negative MonthJan 2022: -3.39% | -16.7%Negative MonthFeb 2022: -16.69% | -3.1%Negative MonthMar 2022: -3.10% | +30.6%Positive MonthApr 2022: +30.55% | +4.7%Positive MonthMay 2022: +4.69% | +32.7%Positive MonthJun 2022: +32.68% | +38.9%Positive MonthJul 2022: +38.87% | +3.6%Positive MonthAug 2022: +3.59% | -9.0%Negative MonthSep 2022: -8.98% | +10.4%Positive MonthOct 2022: +10.41% | +21.4%Positive MonthNov 2022: +21.44% | -20.4%Negative MonthDec 2022: -20.40% |
| 2021 | β | β | β | β | β | +15.9%Positive MonthJun 2021: +15.88% | +0.8%Neutral MonthJul 2021: +0.84% | +19.2%Positive MonthAug 2021: +19.17% | +2.0%Positive MonthSep 2021: +2.04% | +2.4%Positive MonthOct 2021: +2.35% | +20.5%Positive MonthNov 2021: +20.52% | -10.9%Negative MonthDec 2021: -10.89% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ1.87 K Cr | β | βΉ340.00 Cr | β | β | 20.6% | 16.9% | 12.2% |
| Mar 2024 | βΉ1.60 K Cr | β | βΉ303.00 Cr | β | β | 22.5% | 33.7% | 61.2% |
| Mar 2023 | βΉ1.20 K Cr | β | βΉ188.00 Cr | β | β | 17.4% | 34.0% | 95.8% |
| Mar 2022 | βΉ893.00 Cr | β | βΉ96.00 Cr | β | β | 10.6% | 12.2% | 166.7% |
| Mar 2021 | βΉ796.00 Cr | β | βΉ36.00 Cr | β | β | 4.4% | -4.8% | -50.0% |
| Mar 2020 | βΉ836.00 Cr | β | βΉ72.00 Cr | β | β | 9.2% | -12.5% | 500.0% |
| Mar 2019 | βΉ955.00 Cr | β | βΉ12.00 Cr | β | β | 1.6% | 4.8% | 50.0% |
| Mar 2018 | βΉ911.00 Cr | β | βΉ8.00 Cr | β | β | 1.1% | -1.3% | -61.9% |
| Mar 2017 | βΉ923.00 Cr | β | βΉ21.00 Cr | β | β | 2.9% | -5.8% | -43.2% |
| Mar 2016 | βΉ980.00 Cr | β | βΉ37.00 Cr | β | β | 5.1% | 94.8% | 12.1% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 501 | 503 | 980 | 923 | 911 | 955 | 836 | 796 | 893 | 1,197 | 1,600 | 1,871 | 2,073 |
| Total Expenses | 401 | 397 | 825 | 757 | 801 | 841 | 729 | 651 | 703 | 914 | 1,186 | 1,407 | 1,569 |
| EBIT / Operating Profit | 100 | 106 | 154 | 166 | 110 | 114 | 107 | 145 | 190 | 283 | 414 | 464 | 504 |
| OPM % | 20% | 21% | 16% | 18% | 12% | 12% | 13% | 18% | 21% | 24% | 26% | 25% | 24% |
| Other Income | 18 | 23 | 27 | 8 | 11 | 22 | 8 | 11 | 5 | 15 | 40 | 53 | 226 |
| Finance Costs | 33 | 30 | 71 | 73 | 68 | 65 | 70 | 55 | 33 | 12 | 6 | 10 | 22 |
| Depreciation & Amortisation | 45 | 52 | 56 | 48 | 48 | 44 | 44 | 42 | 38 | 39 | 41 | 51 | 84 |
| Profit Before Tax | 39 | 48 | 56 | 52 | 5 | 28 | 1 | 58 | 124 | 246 | 406 | 456 | 624 |
| Tax % | 30% | 30% | 34% | 60% | -59% | 57% | -5,558% | 38% | 23% | 24% | 25% | 25% | - |
| Net Profit / PAT | 27 | 33 | 37 | 21 | 8 | 12 | 72 | 36 | 96 | 188 | 303 | 340 | 505 |
| EPS (βΉ) | 1.26 | 1.52 | 1.68 | 0.94 | 0.36 | 0.54 | 3.23 | 1.62 | 4.26 | 8.38 | 13.51 | 15.15 | 22.52 |
| Dividend Payout % | 40% | 36% | 33% | 27% | 28% | 19% | 0% | 12% | 16% | 12% | 11% | 13% | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Elecon Engineering Co.Ltd.this co. | βΉ8.98 K Cr | βΉ1.87 K Cr | 24.10 | 4.67 | 19.53 | 16.9% |
| Larsen & Toubro Limited | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Solar Industries India Limited | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Polycab India Limited | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |
