Elecon Engineering Company Ltd
ELECONElecon Engineering Company Ltd
ELECON
Price Chart
Scorecard
Performance
HighThe creamy layer - amongst the top performing stocks
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 36.21 | 8.02 | 0.26% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 47.66 | 6.65 | 0.57% |
Forecast & Ratings
Detailed Forecast from 1 analyst
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Elecon Engineering is engaged in the manufacture of material handling equipment, industrial geared motors and reducers, mining equipment and casting processes.
Investor Presentation
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Compare with peersABB India Ltd
CG Power and Industrial Solutions Ltd
Bharat Heavy Electricals Ltd
Hitachi Energy India Ltd
GE Vernova T&D India Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,313.01 | 1,214.19 | 1,188.41 | 1,294.26 | 1,097.89 | 1,052.31 | 1,221.95 | 1,552.99 | 1,987.89 | 1,995.87 | ||||||||||
Raw Materials | 632.92 | 531.57 | 523.32 | 578.22 | 444.80 | 439.10 | 607.44 | 719.36 | 840.22 | 1,478.25 | ||||||||||
| Power & Fuel Cost | 11.71 | 10.58 | 9.73 | 9.75 | 8.70 | 7.83 | 16.41 | 22.10 | 26.96 | |||||||||||
| Employee Cost | 150.92 | 152.78 | 137.52 | 138.87 | 133.92 | 117.94 | 128.19 | 149.73 | 188.48 | |||||||||||
| Selling & Administrative Expenses | 134.80 | 146.64 | 118.41 | 124.21 | 122.95 | 103.80 | 115.52 | 131.33 | 159.91 | |||||||||||
| Operating & Other expenses | 178.05 | 185.71 | 265.63 | 233.32 | 237.11 | 189.90 | 97.20 | 167.82 | 247.13 | |||||||||||
EBITDA | 204.61 | 186.91 | 133.80 | 209.89 | 150.41 | 193.74 | 257.19 | 362.65 | 525.19 | 517.62 | ||||||||||
| Depreciation/Amortization | 62.12 | 53.24 | 52.92 | 47.89 | 53.26 | 52.11 | 48.58 | 49.04 | 50.92 | 51.18 | ||||||||||
| PBIT | 142.49 | 133.67 | 80.88 | 162.00 | 97.15 | 141.63 | 208.61 | 313.61 | 474.27 | 466.44 | ||||||||||
| Interest & Other Items | 82.87 | 89.80 | 75.25 | 73.75 | 77.65 | 60.33 | 38.10 | 13.77 | 8.89 | 8.02 | ||||||||||
| PBT | 59.62 | 43.87 | 5.63 | 88.25 | 19.50 | 81.30 | 170.51 | 299.84 | 465.38 | 458.42 | ||||||||||
| Taxes & Other Items | 22.24 | 33.11 | -1.87 | 18.15 | -70.19 | 23.66 | 30.04 | 62.33 | 109.80 | 103.29 | ||||||||||
| Net Income | 37.38 | 10.76 | 7.50 | 70.10 | 89.69 | 57.64 | 140.47 | 237.51 | 355.58 | 355.13 | ||||||||||
| EPS | 1.72 | 0.49 | 0.33 | 3.12 | 4.00 | 2.57 | 6.26 | 10.58 | 15.85 | 15.83 | ||||||||||
| DPS | 0.55 | 0.25 | 0.10 | 0.10 | 0.00 | 0.20 | 0.70 | 1.00 | 1.50 | 1.50 | ||||||||||
| Payout ratio | 0.32 | 0.51 | 0.30 | 0.03 | 0.00 | 0.08 | 0.11 | 0.09 | 0.09 | 0.09 |
Company Updates
Peers & Comparison
IndustrialsHeavy Electrical Equipments
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Elecon Engineering Company Ltd | 36.16 | 8.02 | 0.26% |
| ABB India Ltd | 114.33 | 23.89 | 0.44% |
| CG Power and Industrial Solutions Ltd | 76.94 | 36.37 | 0.18% |
| Bharat Heavy Electricals Ltd | 278.67 | 3.22 | 0.11% |
Price Comparison
Compare ELECON with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Elecon Engineering Company Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Franklin India Smaller Companies Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0616% | Percentage of the fund’s portfolio invested in the stock 0.98% | Change in the portfolio weight of the stock over the last 3 months -0.06% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 67/103 (-2) |
HDFC Multi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5363% | Percentage of the fund’s portfolio invested in the stock 0.41% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 86/218 (-9) |
HDFC Manufacturing Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2011% | Percentage of the fund’s portfolio invested in the stock 0.20% | Change in the portfolio weight of the stock over the last 3 months 0.18% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 61/101 (+3) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateOct 28, 2024
Dividend/Share
₹0.50
Ex DateEx Date
Oct 28, 2024
Cash Dividend
Ex DateEx DateJun 14, 2024
Dividend/Share
₹2.00
Ex DateEx Date
Jun 14, 2024
Cash Dividend
Ex DateEx DateOct 31, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Oct 31, 2023
Cash Dividend
Ex DateEx DateJun 9, 2023
Dividend/Share
₹2.00
Ex DateEx Date
Jun 9, 2023
Cash Dividend
Ex DateEx DateJun 9, 2022
Dividend/Share
₹0.40
Ex DateEx Date
Jun 9, 2022
Elecon Engineering Company announced that the Board of Directors of the Company at its meeting held on 18 October 2024, has recommended a Interim dividend of Rs.0.50 per share (i.e.50%), subject to the approval of the shareholders.Powered by Capital Market - Live
Revenue from operations jumped 4.79% YoY to Rs 508.14 crore during the quarter. Profit before tax declined 5.66% to Rs 110.54 crore in Q2 FY25 from Rs 117.17 core in Q2 FY24. EBITDA dropped 5.4% to Rs 112 crore in the quarter ended 30 September 2024 as compared with Rs 119 crore posted in same quarter last year. EBITDA margin contracted to 22.1% in Q2 FY25 from 24.5% in Q2 FY24. In Q2 FY25, revenue from Gear division fell 5.9% YoY to Rs 398 crore, impacted on account of delay in receipt of order from customers resulted in delay in execution within Q2FY25. MHE division revenue jumped 77.8% YoY to Rs 110 crore in Q2 FY25, the company continues to focus on the business of supplying products & aftermarket business for its MHE segment which has led to sharp turnaround in the profitability for this segment. The company is consistently securing new orders for product supply and capitalizing on growing opportunities in the aftermarket business. Prayasvin B. Patel, chairman & managing director of Elecon Engineering, said, 'In Q2FY25, our Material Handling Equipment (MHE) division saw a remarkable 77.8% year-on-year revenue growth, with EBIT margins improving by around 549 basis points to 26.5%. We expect continued growth in this segment, driven by infrastructure development, government initiatives, and an uptick in capital expenditure. Our Gear division, however, experienced a 5.9% decline in revenue due to delay in order inflows. We see this as a temporary decline and expect to recover in the following quarters, remaining optimistic about overall revenue growth for FY25. Margins in the Gear division were affected by higher freight costs and changes in the product mix. Internationally, we are progressing toward our target of generating 50% of our revenue from overseas markets by FY30. In Q2FY25, international business contributed approximately 24% of our total consolidated revenue. With strong support from OEMs and ongoing brand-building efforts, we are confident in reaching this goal. Through strategic alliances in global markets, continued investment in R&D and product development, and a focus on the MHE segment.' Meanwhile the company's board has declared an interim dividend of Re 0.50 per share for FY25. The record date for the dividend shall be Monday, 28 October 2024. The said dividend will be paid on or after Tuesday, 12 November 2024. Elecon Engineering Company (ELECON) is one of the largest manufacturers of industrial gears and material handling equipment with seven decades of experience and expertise in Asia.Powered by Capital Market - Live
Elecon Engineering Company has fixed 28 October 2024 as record date for determining the entitlement of the shareholders for the interim dividend of Rs 0.50 per share for FY 2024-25. The dividend will be paid on or after 12 November 2024. Powered by Capital Market - Live
Net profit of Elecon Engineering Company declined 0.96% to Rs 87.72 crore in the quarter ended September 2024 as against Rs 88.57 crore during the previous quarter ended September 2023. Sales rose 4.79% to Rs 508.14 crore in the quarter ended September 2024 as against Rs 484.90 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales508.14484.90 5 OPM %22.1024.49 - PBDT123.67130.45 -5 PBT110.54117.17 -6 NP87.7288.57 -1 Powered by Capital Market - Live
Elecon Engineering Company has fixed 28 October 2024 as record date for payment of interim dividend, if declared. Powered by Capital Market - Live
Elecon Engineering Company will hold a meeting of the Board of Directors of the Company on 18 October 2024Powered by Capital Market - Live
Elecon Engineering Company has received upgrade in long term rating at ICRA AA; Stable (revised from ICRA AA-; Stable). The short term rating of the company is reaffirmed at ICRA A1+. Powered by Capital Market - Live
Elecon Engineering Company consolidated net profit rises 0.55% in the June 2024 quarter
Net profit of Elecon Engineering Company rose 0.55% to Rs 73.36 crore in the quarter ended June 2024 as against Rs 72.96 crore during the previous quarter ended June 2023. Sales declined 5.30% to Rs 392.36 crore in the quarter ended June 2024 as against Rs 414.34 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales392.36414.34 -5 OPM %23.5424.13 - PBDT106.98106.89 0 PBT94.1594.47 0 NP73.3672.96 1 Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 8.96%, vs industry avg of 0.22%
Increasing Market Share
Over the last 5 years, market share increased from 1.99% to 3.29%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 38.37%, vs industry avg of 28.24%