Elecon Engineering Co.Ltd.
₹419.80-₹17.50 (-4.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹8,982 Cr
- P/E
- 24.1x
- EV / EBITDA
- 19.5x
- Revenue
- ₹1,871 Cr
- Net margin
- 18.9%
- ROCE
- 29.8%
Price chart
Technical chartScreen technicals →-25.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -9.2%
- 3M
- +0.6%
- 6M
- -17.2%
- 1Y
- -25.9%
- 5Y
- +398.0%
52-week range
Day change -₹17.50 (-4.0%) from ₹437 to ₹420 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in ELECON, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 33.3%
Concerns0
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Industrials
- Shares outstanding
- 22.4 Cr shares
- ISIN
- INE205B01031
- BSE code
- 505700
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹8,982 Cr
- P/E
- 24.1x
- P/B
- 4.7x
- EV / EBITDA
- 19.5x
- EV / Sales
- 5.5x
- P/S
- 5.6x
- Earnings yield
- 4.1%
- 52-week high
- ₹568.75
- 52-week low
- ₹354.75
Profitability
- Operating margin
- 25.9%
- Net margin
- 18.9%
- EBITDA margin
- 28.4%
- ROE
- 22.5%
- ROCE
- 29.8%
- ROA
- 17.2%
- Dividend payout
- 11.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 9.9%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,871 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹454 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 52.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.2%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 33.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹235 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -20.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹65.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 24.3%
Solvency and efficiency
- Current ratio
- 3.08
- Debt / Equity
- 0.03
- Debt / Assets
- 0.02
- Debt / EBITDA
- 0.09
- Interest coverage
- 69.00
- Financial leverage
- 1.31
- CFO / Net profit
- 0.78
- Cash / Market cap
- 8.8%
- Cash per share
- ₹35.45
- Asset turnover
- 0.91
- Fixed asset turnover
- 2.57
- Capital intensity
- 0.39
- Debtor days
- 93 days
- Inventory turnover
- 4.62
- Cash conversion cycle
- 89 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹18 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,407 Cr |
| Sales | Operating profit | ₹464 Cr |
| Operating profit | Interest | ₹10 Cr |
| Operating profit | Depreciation | ₹51 Cr |
| Operating profit | Profit before tax | ₹403 Cr |
| Other income | Profit before tax | ₹53 Cr |
| Profit before tax | Tax and other | ₹116 Cr |
| Profit before tax | Net profit | ₹340 Cr |
Revenue and net profit
Revenue grew 16.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹796 Cr | ₹36 Cr |
| FY2022 | ₹893 Cr | ₹96 Cr |
| FY2023 | ₹1,197 Cr | ₹188 Cr |
| FY2024 | ₹1,600 Cr | ₹303 Cr |
| FY2025 | ₹1,871 Cr | ₹340 Cr |
Cash flows
FY2025: ₹279 Cr from operations, ₹120 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹220 Cr | ₹204 Cr |
| FY2022 | ₹178 Cr | ₹174 Cr |
| FY2023 | ₹294 Cr | ₹150 Cr |
| FY2024 | ₹235 Cr | ₹50 Cr |
| FY2025 | ₹279 Cr | ₹120 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,871 Cr+16.9%1Y
- Net profit
- ₹340 Cr+12.2%1Y
- Cash from operations
- ₹279 Cr
- Free cash flow
- ₹120 Cr+140.0%1Y
- Revenue CAGR, 5Y
- 13.9%
- EBITDA CAGR, 5Y
- 31.6%
- Net profit CAGR, 5Y
- 33.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,871 Cr | ₹464 Cr | — | ₹340 Cr | ₹279 Cr | ₹120 Cr | 20.6% | +16.9% | +12.2% |
Monthly returns
Month-by-month returns of ELECON across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,297 Cr |
| Equity capital | ₹22 Cr |
| Reserves | ₹1,631 Cr |
| Borrowings | ₹151 Cr |
| Other liabilities | ₹493 Cr |
| Assets | ₹2,297 Cr |
| Fixed assets | ₹762 Cr |
| Capital work in progress | ₹7 Cr |
| Investments | ₹544 Cr |
| Other assets | ₹985 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
ELECON trades at 24.1x earnings against a peer median of 38.3x (a 37% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Elecon Engineering Co.Ltd.ELECONthis companyP/E ↓ discount | ₹8,982 Cr | 24.1x | 4.7x | 22.5% | 19.5x |
| RHI MAGNESITA INDIA LIMITEDRHIM | ₹9,221 Cr | 51.1x | 2.3x | -1.4% | 74.9x |
| G R Infraprojects LimitedGRINFRA | ₹9,104 Cr | 10.6x | 1.1x | 27.5% | 3.2x |
| Vesuvius India Ltd.VESUVIUS | ₹9,019 Cr | 37.0x | 5.9x | — | — |
| ramkrishna forgings Ltd.RKFORGE | ₹8,975 Cr | 36.6x | 2.9x | 10.5% | 12.4x |
| Time Technoplast LimitedTIMETECHNO | ₹8,899 Cr | 46.6x | 4.2x | 9.0% | 24.3x |
| Apollo Micro Systems LimitedAPOLLO | ₹8,888 Cr | 104.0x | 7.7x | 6.2% | 103.9x |
| Shakti Pumps (India) Ltd.SHAKTIPUMP | ₹8,888 Cr | 22.6x | 5.9x | 17.3% | 45.0x |
| Gujarat Pipavav Port LimitedGPPL | ₹8,872 Cr | 20.6x | 4.1x | — | — |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
ELECON since 1 January, against earlier years.
Historical volatility
ELECON's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 18.0% |
| FY2022 | 21.0% |
| FY2023 | 24.0% |
| FY2024 | 26.0% |
| FY2025 | 25.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,871 Cr |
| Costs | |
| Interest | ₹10 Cr |
| Expenses | ₹1,407 Cr |
| Operating profitOperating Profit | ₹464 Cr |
| Other income and charges | |
| Profit before tax | ₹456 Cr |
| Tax | |
| Net profitNet Profit | ₹340 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,297 Cr |
| Equity capitalEquity Capital | ₹22 Cr |
| Reserves | ₹1,631 Cr |
| Borrowings | ₹151 Cr |
| Other liabilitiesOther Liabilities | ₹493 Cr |
| AssetsTotal Assets | ₹2,297 Cr |
| Fixed assetsFixed Assets | ₹762 Cr |
| Capital work in progressCWIP | ₹7 Cr |
| Investments | ₹544 Cr |
| Other assetsOther Assets | ₹985 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹279 Cr |
| Investing cash flowCash from Investing Activity | -₹159 Cr |
| Financing cash flowCash from Financing Activity | -₹55 Cr |
| Change in cashNet Cash Flow | ₹65 Cr |
Learn while you research
Academy chapters picked for Elecon Engineering Co.Ltd. and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read