Elecon Engg.

₹990 -18.9 | 1.9%

WEBSITE BSE:505700 NSE : ELECON ENG 10 May, 16:01

Market Cap ₹11108 Cr.

Stock P/E 31.2

P/B 6.9

Current Price ₹990

Book Value ₹ 143

Face Value 2

52W High ₹1245

Dividend Yield 0.3%

52W Low ₹ 435.3

Edit Ratio

Elecon Engg. Research see more...

Government Initiatives and Growth Strategies Should Lend Support to Elecon Engineering Company Ltd.

Overview Inc. Year: 1960Industry: Engineering - Industrial Equipments

Elecon Engineering Company Ltd is engaged in the manufacture of material handling equipment, industrial geared motors and reducers, mining device and casting procedures. The Company's segments consist of Material Handling Equipment, Transmission Equipment and Others. It is likewise engaged in designing and production worm gears; parallel shaft and right angle shaft; helical and spiral level helical gears; fluid geared and flexible couplings, as well as planetary tools containers. Its products include ET Series, EON Series, ETS Series, EOS Series, ET Series Demo, Cooling Tower Gear Boxes and Dual Tandem Gear Boxes. Its power transmission consists of wind mill equipment, elevator traction machines, marine tools, loose tools and unique gear. Its alternate energy includes wind mills. Its Foundry Division consists of material managing, mining and earth moving, power transmission, crusher and cement. The Company offers its gadget for sectors, which include fertilizer, cement, coal and mining.

Elecon Engg. Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Elecon Engg. Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	272	332	328	389	389	425	414	485	474	565
Other Income	1	4	4	4	4	8	9	13	10	13
Total Income	274	335	332	393	392	432	423	497	484	578
Total Expenditure	220	263	263	296	300	332	314	366	353	429
Operating Profit	54	72	69	97	92	101	108	131	130	148
Interest	5	7	4	3	2	5	2	3	1	2
Depreciation	12	12	11	12	12	14	12	13	13	13
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	37	53	54	82	78	82	94	115	116	134
Provision for Tax	6	7	11	19	16	16	22	29	27	33
Profit After Tax	31	46	43	63	62	66	72	87	89	101
Adjustments	0	1	-0	1	1	2	1	2	1	2
Profit After Adjustments	32	46	42	65	63	68	73	89	90	104
Adjusted Earnings Per Share	2.8	4.1	3.8	5.7	5.6	6.1	6.5	7.9	8.1	9.2

Elecon Engg. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1527	1293	1329	1280	1202	1180	1225	1088	1044	1212	1530	1938
Other Income	7	14	17	30	9	5	100	36	80	16	26	45
Total Income	1534	1307	1346	1310	1210	1186	1324	1125	1124	1228	1556	1982
Total Expenditure	1311	1136	1153	1108	1027	1055	1118	976	932	972	1196	1462
Operating Profit	224	171	193	202	183	131	206	149	192	256	359	517
Interest	90	80	87	83	90	75	74	78	60	38	14	8
Depreciation	57	62	72	62	53	53	48	53	52	49	49	51
Exceptional Income / Expenses	-27	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	50	29	34	60	44	6	88	20	81	171	300	459
Provision for Tax	21	15	17	22	33	-2	18	-70	24	30	62	111
Profit After Tax	29	14	17	37	11	7	70	90	58	140	237	349
Adjustments	-11	-1	-1	0	0	0	0	0	0	0	0	6
Profit After Adjustments	18	14	16	37	11	7	70	90	58	140	237	356
Adjusted Earnings Per Share	1.9	1.3	1.5	3.4	1	0.7	6.2	8	5.1	12.5	21.2	31.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	26%	12%	5%	0%
Operating Profit CAGR	40%	34%	22%	5%
PAT CAGR	69%	38%	102%	23%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	127%	121%	81%	39%
ROE Average	20%	14%	12%	7%
ROCE Average	26%	18%	15%	12%

Elecon Engg. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	538	532	536	704	710	709	768	854	919	1050	1279
Minority's Interest	34	35	36	0	0	0	0	0	0	0	0
Borrowings	184	138	163	179	139	187	244	146	117	20	0
Other Non-Current Liabilities	175	182	149	113	118	120	133	114	112	105	98
Total Current Liabilities	1192	1170	1080	1208	1119	1140	1020	1015	839	540	352
Total Liabilities	2123	2058	1964	2203	2087	2156	2165	2129	1988	1715	1730
Fixed Assets	625	595	523	898	858	831	796	773	732	714	729
Other Non-Current Assets	65	96	81	92	104	98	107	120	122	114	113
Total Current Assets	1434	1366	1360	1213	1125	1227	1262	1236	1134	887	888
Total Assets	2123	2058	1964	2203	2087	2156	2165	2129	1988	1715	1730

Elecon Engg. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	19	32	22	30	44	91	47	56	77	96	84
Cash Flow from Operating Activities	176	160	177	12	188	70	87	222	248	223	310
Cash Flow from Investing Activities	-98	-30	0	7	-7	-51	40	-25	-19	15	-167
Cash Flow from Financing Activities	-65	-140	-168	-5	-134	-64	-118	-176	-210	-250	-145
Net Cash Inflow / Outflow	13	-9	9	14	47	-44	9	21	19	-12	-2
Closing Cash & Cash Equivalent	32	22	32	44	91	47	56	77	96	84	82

Elecon Engg. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.93	1.26	1.5	3.43	0.96	0.67	6.25	7.99	5.14	12.52	21.17
CEPS(Rs)	9.31	6.97	8.14	9.13	5.7	5.38	10.52	12.74	9.78	16.85	25.54
DPS(Rs)	1	1	1.1	1.1	0.5	0.2	0.2	0	0.4	1.4	2
Book NAV/Share(Rs)	57.57	48.84	49.16	64.59	63.27	63.18	68.45	76.13	81.93	93.6	114
Core EBITDA Margin(%)	13.15	11.3	12.54	12.59	13.67	10.57	8.7	10.32	10.75	19.79	21.79
EBIT Margin(%)	8.51	7.87	8.63	10.43	10.49	6.8	13.23	8.93	13.56	17.21	20.5
Pre Tax Margin(%)	3.05	2.12	2.42	4.37	3.44	0.47	7.21	1.79	7.78	14.07	19.6
PAT Margin (%)	1.79	1.03	1.22	2.74	0.84	0.63	5.72	8.24	5.52	11.59	15.53
Cash Profit Margin (%)	5.26	5.48	6.32	7.29	5.02	5.08	9.63	13.13	10.51	15.6	18.73
ROA(%)	1.45	0.68	0.85	1.79	0.5	0.35	3.24	4.18	2.8	7.59	13.79
ROE(%)	5.92	2.68	3.21	6.03	1.52	1.06	9.49	11.06	6.5	14.27	20.39
ROCE(%)	11.87	9.09	10.74	11.77	10.18	6.24	12.39	7.5	11.42	17.71	25.82
Receivable days	179.77	222.65	222.65	209.01	190.97	199.53	188.34	202.02	195.67	138.96	90.77
Inventory Days	83.58	98.87	91.62	94.31	94.63	90.09	90.05	104.92	97.29	77.08	64.48
Payable days	237.85	302.27	272.22	321.85	346.65	307.02	273.24	333.62	354.8	221.77	123.61
PER(x)	16	26.81	44.45	15.89	55.16	115.35	10.12	2.38	12.33	11.49	18.04
Price/Book(x)	0.54	0.69	1.36	0.84	0.84	1.22	0.92	0.25	0.77	1.54	3.35
Dividend Yield(%)	3.24	2.96	1.65	2.02	0.95	0.26	0.32	0	0.63	0.97	0.52
EV/Net Sales(x)	0.62	0.76	0.94	0.92	0.9	1.16	0.97	0.48	0.82	1.32	2.66
EV/Core EBITDA(x)	4.26	5.74	6.47	5.84	5.93	10.46	5.74	3.54	4.46	6.26	11.34
Net Sales Growth(%)	-5.35	-15.32	2.78	-3.65	-6.16	-1.77	3.78	-11.13	-4.04	16.04	26.22
EBIT Growth(%)	-20.17	-22.07	10.91	17.76	-6.2	-39.49	100.33	-40.03	45.76	47.31	50.32
PAT Growth(%)	-51.44	-51.46	20.15	117.99	-71.23	-30.37	836.66	27.95	-35.75	143.78	69.04
EPS Growth(%)	-70.65	-34.72	19.02	128.63	-72.07	-30.37	836.68	27.95	-35.75	143.78	69.04
Debt/Equity(x)	1.3	1.19	1.03	0.89	0.82	0.83	0.71	0.49	0.31	0.1	0
Current Ratio(x)	1.2	1.17	1.26	1	1	1.08	1.24	1.22	1.35	1.64	2.52
Quick Ratio(x)	0.87	0.86	0.94	0.71	0.74	0.83	0.92	0.92	1.05	1.16	1.73
Interest Cover(x)	1.56	1.37	1.39	1.72	1.49	1.07	2.2	1.25	2.35	5.48	22.77
Total Debt/Mcap(x)	2.43	1.72	0.76	1.06	0.98	0.68	0.77	1.97	0.4	0.06	0

Elecon Engg. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	59.21	59.26	59.26	59.29	59.29	59.29	59.29	59.29	59.29	59.27
FII	1.71	1.71	2.14	2.01	1.95	2.11	2.81	4.88	5.96	7.58
DII	2.09	2.09	2.09	1.55	1.79	1.76	2.02	2.92	2.64	2.3
Public	36.99	36.93	36.51	37.15	36.97	36.84	35.88	32.9	32.11	30.85
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	6.64	6.65	6.65	6.65	6.65	6.65	6.65	6.65	6.65	6.65
FII	0.19	0.19	0.24	0.23	0.22	0.24	0.32	0.55	0.67	0.85
DII	0.23	0.23	0.23	0.17	0.2	0.2	0.23	0.33	0.3	0.26
Public	4.15	4.14	4.1	4.17	4.15	4.13	4.03	3.69	3.6	3.46
Others	0	0	0	0	0	0	0	0	0	0
Total	11.22	11.22	11.22	11.22	11.22	11.22	11.22	11.22	11.22	11.22

Pros

Company has delivered good profit growth of 102% CAGR over last 5 years
Debtor days have improved from 221.77 to 123.61days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 14% over the last 3 years.
Stock is trading at 6.9 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.

Elecon Engg. News

IPO

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Elecon Engg.

Add Watchlist

Elecon Engg. Research see more...

Overview Inc. Year: 1960Industry: Engineering - Industrial Equipments

Elecon Engg. Share Price

Alert Data

Quarterly Price

Peer Comparison

Elecon Engg. Quarterly Results

Elecon Engg. Profit & Loss

Growth Rates

Elecon Engg. Balance Sheet

Elecon Engg. Cash Flow

Elecon Engg. Ratios

Elecon Engg. Shareholding Pattern

Elecon Engg. News

IPO

Stocx: India's #1 Marketplace to Find Your Winning Stock

Please Login!

Error!