Good evening :)
Place Order
Add to Watchlist

Elecon Engineering Company Ltd

ELECON Share Price

470.251.25% (+5.80)

ELECON Share Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
Loading...
1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsHeavy Electrical Equipments
SmallcapWith a market cap of ₹10,526 cr, stock is ranked 489
High RiskStock is 3.54x as volatile as Nifty

How to use scorecard? Learn more

IndustrialsHeavy Electrical Equipments
SmallcapWith a market cap of ₹10,526 cr, stock is ranked 489
High RiskStock is 3.54x as volatile as Nifty

ELECON Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
28.286.560.32%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
42.086.090.67%

ELECON Analyst Ratings & Forecast

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 1 analyst

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

ELECON 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

View older 

Jan 22, 2025

PDF
View Older Presentations

ELECON Similar Stocks (Peers)

Compare with peers 
PE Ratio
62.93
1Y Return
12.53%
Buy Reco %
65.00
PE Ratio
66.25
1Y Return
17.16%
Buy Reco %
80.00
PE Ratio
279.88
1Y Return
10.19%
Buy Reco %
43.75
PE Ratio
358.53
1Y Return
59.33%
Buy Reco %
87.50
PE Ratio
203.62
1Y Return
55.61%
Buy Reco %
83.33
Compare with Peers
ELECON Sentiment Analysis
New
Crisp summary & key insights to decode earnings calls instantly

ELECON Stock Summary · January 2025

The company is experiencing a mixed performance landscape, with its Gear division facing challenges due to weak demand in the steel and sugar sectors, resulting in a modest growth of 2.1% year-on-year. In contrast, the Material Handling Equipment (MHE) division has thrived, achieving a remarkable 55.2% revenue growth, driven by strong demand for larger projects. Despite a potential revenue shortfall of up to 3% for FY '25, the company maintains confidence in sustaining EBITDA margins at 24%, supported by a robust order book and strategic focus on operational efficiency. While external factors like political instability and capital expenditure delays pose risks, optimism remains for future growth in the marine and power sectors, bolstered by anticipated OEM revenue increases. Overall, the company is strategically positioned to navigate current challenges while pursuing long-term growth opportunities.

Key Points on Elecon Stock
ELECON Stock Growth Drivers
7
  • Strong Order Book and Revenue Growth

    Elecon Engineering has reported a healthy order book of INR 684 crores as of December

  • Improved Financial Performance

    For the quarter ended December 31, 2024, Elecon Engineering reported consolidated revenue of INR 529

ELECON Stock Challenges
6
  • Decline in Key Revenue Segments

    The Gear division, which constitutes approximately 80% of consolidated revenue, has shown a modest year-on-year

  • Challenges in Order Deliveries and Capital Expenditure

    There are significant concerns regarding the company's top-line performance, particularly due to challenges in the

ELECON Forecasts

Price

Revenue

Earnings

ELECON

Income

Balance Sheet

Cash Flow

ELECON Income Statement

Industry refers to the sub-sector this company belongs to.
Higher than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 8.96%, vs industry avg of 1.66%

Increasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 1.99% to 2.72%

Higher than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 38.37%, vs industry avg of 32.42%

Loading...

Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,313.011,214.191,188.411,294.261,097.891,052.311,221.951,552.991,987.892,056.63
Raw Materialssubtract632.92531.57523.32578.22444.80439.10607.44719.36840.221,511.39
Power & Fuel Costsubtract11.7110.589.739.758.707.8316.4122.1026.96
Employee Costsubtract150.92152.78137.52138.87133.92117.94128.19149.73188.48
Selling & Administrative Expensessubtract134.80146.64118.41124.21122.95103.80115.52131.33159.91
Operating & Other expensessubtract178.05185.71265.63233.32237.11189.9097.20167.82247.13
Depreciation/Amortizationsubtract62.1253.2452.9247.8953.2652.1148.5849.0450.9254.08
Interest & Other Itemssubtract82.8789.8075.2573.7577.6560.3338.1013.778.899.99
Taxes & Other Itemssubtract22.2433.11-1.8718.15-70.1923.6630.0462.33109.80108.90
EPS1.720.490.333.124.002.576.2610.5815.8516.59
DPS0.550.250.100.100.000.200.701.001.501.50
Payout ratio0.320.510.300.030.000.080.110.090.090.09

ELECON Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 11PDF
Feb 7PDF
Nov 24PDF
FY 2023

Annual report

PDF

Investor Presentation

Apr 25PDF
Jan 30PDF
Nov 3PDF
Jul 21PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 31PDF
FY 2025

Annual Report Pending

Investor Presentation

Jan 22PDF
Oct 18PDF
 

ELECON Past Performance & Peer Comparison

Comparing 3 stocks from 
IndustrialsHeavy Electrical Equipments

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Elecon Engineering Company Ltd29.606.560.32%
ABB India Ltd62.9316.650.79%
CG Power and Industrial Solutions Ltd66.2531.320.21%
Bharat Heavy Electricals Ltd279.883.230.11%

ELECON Stock Price Comparison

Compare ELECON with any stock or ETF
Compare ELECON with any stock or ETF
ELECON
Loading...

ELECON Shareholdings

ELECON Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

ELECON Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

ELECON Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding59.27%2.22%1.45%9.73%27.33%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

ELECON Shareholding History

SepDec '23MarJunSepDec '244.88%5.96%7.58%9.10%9.84%9.73%

Mutual Funds Invested in ELECON

Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.0135%0.89%-0.18%68/100 (-6)
0.5120%0.34%-0.11%134/229 (-15)
0.2292%0.21%-0.02%80/97 (-15)

Compare 3-month MF holding change on Screener

ELECON Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing ELECON stock

Looks like this stock is not in any smallcase yet.

ELECON Events

ELECON Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

ELECON Upcoming Dividends

No upcoming dividends are available

ELECON Past Dividends

Cash Dividend

Ex DateEx DateOct 28, 2024

Interim
Interim | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Oct 28, 2024

Cash Dividend

Ex DateEx DateJun 14, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Jun 14, 2024

Cash Dividend

Ex DateEx DateOct 31, 2023

Interim
Interim | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Oct 31, 2023

Cash Dividend

Ex DateEx DateJun 9, 2023

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Jun 9, 2023

Cash Dividend

Ex DateEx DateJun 9, 2022

Special
Special | Div/Share: ₹0.40

Dividend/Share

0.40

Ex DateEx Date

Jun 9, 2022

ELECON Stock News & Opinions

Corporate
Elecon Engineering Company declare Quarterly Result

Elecon Engineering Company will hold a meeting of the Board of Directors of the Company on 24 April 2025.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Earnings
Elecon Engineering Company consolidated net profit rises 18.96% in the December 2024 quarter

Net profit of Elecon Engineering Company rose 18.96% to Rs 107.54 crore in the quarter ended December 2024 as against Rs 90.40 crore during the previous quarter ended December 2023. Sales rose 11.68% to Rs 528.89 crore in the quarter ended December 2024 as against Rs 473.56 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales528.89473.56 12 OPM %26.9625.42 - PBDT155.78130.13 20 PBT140.24117.49 19 NP107.5490.40 19 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Elecon Engineering Company to table results

Elecon Engineering Company will hold a meeting of the Board of Directors of the Company on 22 January 2025.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Board of Elecon Engineering Company recommends Interim Dividend

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

6 months agoCapital Market - Live
Spotlight
Elecon Engg drops after PAT slides 1% YoY to Rs 88 cr in Q2 FY25

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

6 months agoCapital Market - Live
Corporate
Elecon Engineering Company fixes record date for interim dividend

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

6 months agoCapital Market - Live
Earnings
Elecon Engineering Company consolidated net profit declines 0.96% in the September 2024 quarter

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

6 months agoCapital Market - Live
Corporate
Elecon Engineering Company fixes record date for interim dividend

Elecon Engineering Company has fixed 28 October 2024 as record date for payment of interim dividend, if declared. Powered by Capital Market - Live

6 months agoCapital Market - Live
Corporate
Elecon Engineering Company declare Quarterly Result

Elecon Engineering Company will hold a meeting of the Board of Directors of the Company on 18 October 2024Powered by Capital Market - Live

6 months agoCapital Market - Live
Corporate
Elecon Engineering Company receives revision in credit rating

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

8 months agoCapital Market - Live

Frequently asked questions

  1. What is the share price of Elecon Engineering Company Ltd (ELECON) today?

    The share price of ELECON as on 17th April 2025 is ₹470.25. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Elecon Engineering Company Ltd (ELECON) share?

    The past returns of Elecon Engineering Company Ltd (ELECON) share are
    • Past 1 week: 10.89%
    • Past 1 month: 18.23%
    • Past 3 months: -20.33%
    • Past 6 months: -24.93%
    • Past 1 year: -11.36%
    • Past 3 years: 398.67%
    • Past 5 years: 3868.35%

  3. What are the peers or stocks similar to Elecon Engineering Company Ltd (ELECON)?
  4. What is the dividend yield % of Elecon Engineering Company Ltd (ELECON) share?

    The current dividend yield of Elecon Engineering Company Ltd (ELECON) is 0.32.

  5. What is the market cap of Elecon Engineering Company Ltd (ELECON) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Elecon Engineering Company Ltd (ELECON) is ₹10526.88 Cr as of 17th April 2025.

  6. What is the 52 week high and low of Elecon Engineering Company Ltd (ELECON) share?

    The 52-week high of Elecon Engineering Company Ltd (ELECON) is ₹739.10 and the 52-week low is ₹376.95.

  7. What is the PE and PB ratio of Elecon Engineering Company Ltd (ELECON) stock?

    The P/E (price-to-earnings) ratio of Elecon Engineering Company Ltd (ELECON) is 29.60. The P/B (price-to-book) ratio is 6.56.

  8. Which sector does Elecon Engineering Company Ltd (ELECON) belong to?

    Elecon Engineering Company Ltd (ELECON) belongs to the Industrials sector & Heavy Electrical Equipments sub-sector.

  9. How to buy Elecon Engineering Company Ltd (ELECON) shares?

    You can directly buy Elecon Engineering Company Ltd (ELECON) shares on Tickertape. Simply sign up, connect your demat account and place your order.