Elecon Engineering Company
Elecon Engineering Company Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Elecon Engineering Company Limited, framed against the sector median so the premium or discount is obvious at a glance.
Elecon Engineering Company Limited trades at a P/E of 35.55× and P/B of 5.26×.
Valuation
Profitability
Growth
Financial Health
Elecon Engineering Company Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Elecon Engineering Company Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Elecon Engineering Company Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Elecon Engineering Company Limited, switchable between annual and quarterly views, consolidated or standalone.
Elecon Engineering Company Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,19,12,27,02,840.5 Cr and reported EPS of ₹15.20.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,189 | 1,223 | 1,088 | 1,045 | 1,204 | 1,530 | 1,937 | 2,227 | 2,366 |
| Other Income | 5 | 67 | 8 | 6 | 9 | 20 | 44 | 60 | 81 |
| Total Income | 1,194 | 1,290 | 1,096 | 1,050 | 1,212 | 1,550 | 1,981 | 2,287 | 2,447 |
| Cost of Goods Sold (COGS) | 552 | 565 | 451 | 485 | 572 | 714 | 862 | 1,029 | 1,125 |
| Gross Profit | 637 | 658 | 637 | 559 | 632 | 815 | 1,075 | 1,198 | 1,241 |
| +Operating Expenses | 521 | 520 | 497 | 374 | 385 | 476 | 601 | 656 | 718 |
| EBITDA | 116 | 138 | 140 | 186 | 246 | 339 | 474 | 543 | 523 |
| +Non-Operating Expenses | 118 | 121 | 130 | 112 | 86 | 62 | 60 | 74 | 108 |
| Profit Before Tax (PBT) | 3 | 84 | 18 | 79 | 169 | 297 | 459 | 529 | 454 |
| +Tax Expense | -2 | 18 | -70 | 24 | 30 | 62 | 110 | 122 | 113 |
| Total Profit for Period | 7 | 70 | 90 | 58 | 140 | 237 | 356 | 415 | 341 |
| Net Profit (Owner's PAT) | 7 | 70 | 90 | 58 | 140 | 237 | 356 | 415 | 341 |
| Earnings Per Share (EPS) | 0.33 | 3.12 | 4.00 | 2.57 | 6.26 | 10.58 | 15.85 | 18.50 | 15.20 |
| Diluted Shares Outstanding (Nos.) | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| +Additional Disclosures | 1,740 | 1,767 | 1,530 | 1,466 | 1,611 | 1,978 | 2,394 | 2,808 | 3,109 |
| Sales Growth % | — | 2.91 | -11.01 | -4.02 | 15.20 | 27.10 | 26.66 | 14.94 | 6.25 |
| YoY Sales Growth % | — | 2.91 | -11.01 | -4.02 | 15.20 | 27.10 | 26.66 | 14.94 | 6.25 |
| Material Cost % | 44 | 47 | 41 | 42 | 50 | 47 | 43 | 46 | 50 |
| Employee Cost % | 11 | 11 | 12 | 11 | 11 | 10 | 10 | 9 | 10 |
| Other Cost % | 32 | 31 | 33 | 24 | 21 | 21 | 21 | 20 | 20 |
| OPM % | 10 | 11 | 13 | 18 | 20 | 22 | 24 | 24 | 22 |
| Tax % | -64 | 22 | -391 | 30 | 18 | 21 | 24 | 23 | 25 |
| Profit Growth % | — | 836.66 | 27.95 | -35.75 | 143.78 | 69.04 | 49.72 | 16.74 | -17.81 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | 63 | 90 | 87 | 133 | 198 | 290 | 424 | 482 | 419 |
Elecon Engineering Company segment analysis: revenue and profit mix.
Disclosed business segments at Elecon Engineering Company with their share of revenue and profit, switchable between consolidated and standalone reporting.
Elecon Engineering Company discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Elecon Engineering Company Limited.
Our AI distills the core fundamental drivers supporting Elecon Engineering Company Limited, the risks that threaten it, and the exact valuation or growth triggers that should make you re-evaluate.
Elecon Engineering Company Limited's investment case rests on 8 positive markers and 7 flagged concerns drawn from the latest reported filings.
What you're getting.
Elecon Engineering boasts a strong Return on Equity (ROE) of 23% and a healthy Operating Profit Margin (OPM) of 24.80%, showcasing efficient operations and high returns on shareholder investments. This is further bolstered by a robust Return on Capital Employed (ROCE) of 28.50%.
The company demonstrates impressive growth, with a remarkable 46.6% surge in quarterly profits and a significant 25% increase in quarterly sales. This upward trend suggests robust demand and effective business strategies.
Elecon maintains a very low debt-to-equity ratio of 0.11, indicating a sound financial position and mitigating the risk of financial distress. This strong financial stability is appealing to investors seeking secure investments.
A high promoter holding of 59.3% indicates strong confidence from the company's founders and management in its future prospects. This alignment of interests is often viewed positively by long-term investors.
The company receives a 'Buy' recommendation for long-term investment, supported by good fundamentals and a solid score of 71%. This suggests a reasonable risk-reward profile for patient investors.
What can break it.
Elecon's Price-to-Earnings (PE) ratio of 28.00 is noted as higher than the industry average, potentially indicating overvaluation compared to its peers. Investors should carefully assess this valuation metric before investing.
While quarterly profits show growth, the company's overall profit after tax (PAT) of ₹449 million might be considered relatively low compared to its substantial market capitalization of ₹12574 million.
The stock price has exhibited considerable volatility, fluctuating significantly between a high of ₹717.00 and a low of ₹348.00 over the past year. This presents substantial risk for investors seeking stability.
The quarterly profit variation percentage is reported at 0.00%, suggesting a lack of recent growth in net profits on a quarter-over-quarter basis. This stagnation could be a point of concern for growth-focused investors.
The presence of large, established competitors like Siemens, ABB, and CG Power in the Heavy Electrical Equipment sector poses significant competitive pressure. This could impact Elecon's market share and pricing power.
What would change my mind.
Trim if P/E re-rates above 46. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 11%. The operating engine is no longer compounding capital efficiently.
Elecon Engineering Company Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Elecon Engineering Company Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
Elecon Engineering Company Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Elecon Engineering Company Limited — derived from the live tape, not yesterday's close.
Elecon Engineering Company Limited last traded at ₹530.85 with an intraday range of ₹528.4–₹542.95 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹530.85| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 568.83 | +37.98 | +7.16% |
| R3 | 554.28 | +23.43 | +4.41% |
| R2 | 548.62 | +17.77 | +3.35% |
| R1 | 539.73 | +8.88 | +1.67% |
| PIVOT | 534.07 | 3.22 | 0.61% |
| CURRENT | 530.85 | — | — |
| S1 | 496.08 | -34.77 | -6.55% |
| S2 | 510.63 | -20.22 | -3.81% |
| S3 | 519.52 | -11.33 | -2.13% |
| S4 | 525.18 | -5.67 | -1.07% |
ELECON is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 536.05 ~ 542.95
Trading Below opening range, showing Bearishness
Elecon Engineering Company Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Elecon Engineering Company Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Elecon Engineering Company Limited stood at 41.7% of traded volume, against a 20-day average of 38.7%.
Elecon Engineering Company announcements: results, concalls, ratings, M&A.
Filings Elecon Engineering Company sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Elecon Engineering Company files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 128 documents below.
Updates
Elecon Engineering Company Limited has informed the Exchange regarding 'Update relating to incorporation of Grupo Radicon SA de CV, Step-down…
Copy of Newspaper Publication
Elecon Engineering Company Limited has informed the Exchange about Copy of Newspaper Publication
Copy of Newspaper Publication
Elecon Engineering Company Limited has informed the Exchange about Copy of Newspaper Publication
Analysts/Institutional Investor Meet/Con. Call Updates
Elecon Engineering Company Limited has informed the Exchange about Schedule of meet
Copy of Newspaper Publication
Elecon Engineering Company Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Elecon Engineering Company insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Elecon Engineering Company as reported to SEBI — buying and selling signals from the people who know the business best.
Elecon Engineering Company insider activity below tracks 10 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Pradip Manubhai Patel jointly with Trupti Pardip Patel | Insider | 20 Mar 2026 | buy | +38.5 K | — | — |
| Pradip Manubhai Patel | Insider | 20 Mar 2026 | buy | +38.5 K | — | — |
| Pradip Manubhai Patel | Insider | 20 Mar 2026 | buy | +38.5 K | — | — |
| Pradip Manubhai Patel jointly with Trupti Pardip Patel | Insider | 20 Mar 2026 | buy | +38.5 K | — | — |
| Pradip Manubhai Patel | Insider | 20 Mar 2026 | buy | +38.5 K | — | — |
| Pradip Manubhai Patel jointly with Trupti Pardip Patel | Insider | 20 Mar 2026 | buy | +38.5 K | — | — |
| Pradip Manubhai Patel jointly with Trupti Pardip Patel | Insider | 20 Mar 2026 | buy | +38.5 K | — | — |
| Pradip Manubhai Patel | Insider | 20 Mar 2026 | buy | +38.5 K | — | — |
| Pradip Manubhai Patel jointly with Trupti Pardip Patel | Insider | 20 Mar 2026 | buy | +38.5 K | — | — |
| Pradip Manubhai Patel | Insider | 20 Mar 2026 | buy | +38.5 K | — | — |
Elecon Engineering Company dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Elecon Engineering Company has declared, sequenced by announce and record date.
Elecon Engineering Company corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Elecon Engineering Company Limited: business, sector, key facts.
What Elecon Engineering Company Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Elecon Engineering Company Limited operates in the Heavy Electrical Equipment industry under the Capital Goods sector, listed as NSE: ELECON, BSE: 505700.
Elecon Engineering Company Limited is a prominent Indian manufacturer and supplier of industrial gears and material handling equipment, with a global reach. The company's operations are structured around two core segments: Material Handling Equipment and Transmission Equipment, catering to a diverse range of industries.
Within the Transmission Equipment segment, Elecon designs and produces a comprehensive portfolio of gearboxes. This includes helical and bevel helical gearboxes, planetary gearboxes, worm gearboxes, high-speed gearboxes, gearboxes specifically engineered for wind turbines and marine applications, and custom-built gearboxes tailored to unique client specifications. Beyond gearboxes, they also manufacture and supply customized gearboxes, individual gears, and couplings.
The Material Handling Equipment segment encompasses a broad spectrum of solutions for efficient material movement and processing. Their offerings include comprehensive raw material handling systems, stackers for vertical material storage, scrapers and reclaimers for bulk material retrieval, bagging and weighing machines for packaging and precise measurement, wagon and truck loaders for efficient transportation, crushers for size reduction, wagon tipplers for unloading railcars, and related equipment. Further expanding their capabilities, they provide feeders, idlers, pulleys, magnetic separators, weighers, detectors, port equipment, and cable reeling drums. Elecon also contributes to the alternative energy sector with specialized products.
Beyond manufacturing, Elecon offers crucial support services. These include gearbox repair and refurbishment, ensuring the longevity and optimal performance of their products. They also provide comprehensive support services for their material handling equipment, maintaining operational efficiency for their clients. The company's foundry operations further contribute to their manufacturing capabilities, producing both ferrous and non-ferrous castings.
Elecon serves a wide array of industries, including cement, sugar, defense, steel, mineral processing, metals, mining, power generation, plastics, chemical processing, palm oil production, crane manufacturing, paper production, rubber processing, marine, fertilizers, and the windmill sector. Established in 1951 and headquartered in Vallabh Vidyanagar, India, Elecon boasts a long history of providing high-quality industrial solutions across various sectors.
Questions investors ask about Elecon Engineering Company Limited (ELECON).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Elecon Engineering Company Limited (ELECON)?
The current share price of Elecon Engineering Company Limited (ELECON) is ₹530.85. Today, the stock has declined by ₹12.00 (2.21%), trading in a range of ₹528.4 to ₹542.95. The stock opened at ₹542.95 with a trading volume of 2,81,973 shares.
02Is Elecon Engineering Company Limited stock a good investment for long-term?
Elecon Engineering Company Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,19,12,27,02,840.5 crores, P/E ratio of 35.55, ROE of 15.85%, and ROCE of 28.50%. The dividend yield stands at 0.66%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Elecon Engineering Company Limited stock?
The 52-week high price of Elecon Engineering Company Limited (ELECON) is ₹683, while the 52-week low is ₹352. Currently trading at ₹530.85, the stock is 54.0% away from its 52-week low and 22.3% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Elecon Engineering Company Limited stock at the current price?
Whether to buy Elecon Engineering Company Limited stock at ₹530.85 depends on multiple factors. The stock is currently trading with a P/E ratio of 35.55 and P/B ratio of 5.26. Today's performance shows a loss of 2.21%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Elecon Engineering Company Limited and when is the next dividend?
Elecon Engineering Company Limited offers a dividend yield of 0.66%, which means for every ₹100 invested at the current price of ₹530.85, you can expect to receive approximately ₹0.66 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Elecon Engineering Company Limited?
Elecon Engineering Company Limited's key financial metrics include: P/E Ratio: 35.55, P/B Ratio: 5.26, ROE: 15.85%, ROCE: 28.50%, Dividend Yield: 0.66%, EPS: ₹15.20, Book Value: ₹102.76, and Debt-to-Equity: 0.12. The company's market cap stands at ₹1,19,12,27,02,840.5 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Elecon Engineering Company Limited stock performing today in the market?
Elecon Engineering Company Limited stock opened at ₹542.95 and is currently trading at ₹530.85, showing a decline of ₹12.00 (2.21%). The intraday high is ₹542.95 and low is ₹528.4. The trading volume stands at 2,81,973 shares, indicating moderate market participation today.
08What is the P/E ratio of Elecon Engineering Company Limited and what does it indicate?
Elecon Engineering Company Limited has a Price-to-Earnings (P/E) ratio of 35.55, which means investors are willing to pay ₹35.55 for every ₹1 of earnings. With an EPS of ₹15.20, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Elecon Engineering Company Limited (ELECON) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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