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Elecon Engineering Company Ltd

ELECON

Elecon Engineering Company Ltd

ELECON
IndustrialsHeavy Electrical Equipments
SmallcapWith a market cap of ₹15,752 cr, stock is ranked 417
High RiskStock is 3.38x as volatile as Nifty
690.201.68% (-11.80)
690.201.68% (-11.80)

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IndustrialsHeavy Electrical Equipments
SmallcapWith a market cap of ₹15,752 cr, stock is ranked 417
High RiskStock is 3.38x as volatile as Nifty

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IndustrialsHeavy Electrical Equipments
SmallcapWith a market cap of ₹15,752 cr, stock is ranked 417
High RiskStock is 3.38x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
44.259.820.21%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
52.227.290.46%

Forecast & Ratings

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

from 1 analyst

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Elecon Engineering is engaged in the manufacture of material handling equipment, industrial geared motors and reducers, mining equipment and casting processes.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

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 0.15%

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 3.31%

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 28.06%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,313.011,214.191,188.411,294.261,097.891,052.311,221.951,552.991,987.891,973.41
Raw Materialssubtract632.92531.57523.32578.22444.80439.10607.44719.36840.221,448.57
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/Amortizationsubtract62.1253.2452.9247.8953.2652.1148.5849.0450.9251.33
Interest & Other Itemssubtract82.8789.8075.2573.7577.6560.3338.1013.778.898.46
Taxes & Other Itemssubtract22.2433.11-1.8718.15-70.1923.6630.0462.33109.80109.07
EPS1.720.490.333.124.002.576.2610.5815.8515.86
DPS0.550.250.100.100.000.200.701.001.501.50
Payout ratio0.320.510.300.030.000.080.110.090.090.09

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

May 31PDF
FY 2022

Annual report

PDF

Investor Presentation

May 11PDF
Feb 7PDF
Nov 24PDF
Aug 9PDF
FY 2023

Annual report

PDF

Investor Presentation

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

Annual report

PDF

Investor Presentation

Jul 31PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsHeavy Electrical Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Elecon Engineering Company Ltd44.309.820.21%
ABB India Ltd145.2030.340.28%
CG Power and Industrial Solutions Ltd90.1642.620.15%
Bharat Heavy Electricals Ltd334.793.870.09%

Price Comparison

Compare ELECON with any stock or ETF
Compare ELECON with any stock or ETF
ELECON
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Shareholdings

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

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

Increased 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 increased by 1.52%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding59.27%1.85%0.71%9.10%29.08%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun2.11%2.81%4.88%5.96%7.58%9.10%

Mutual Funds Holding Trend

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)
Franklin India Smaller Companies Fund - Growth - Direct Plan

Growth
1.0965%1.15%0.03%64/104 (-1)
HDFC Multi Cap Fund - Growth - Direct Plan

Growth
0.5539%0.47%-0.04%72/215 (-3)
Bandhan Infrastructure Fund - Growth - Direct Plan

Growth
0.1141%0.88%0.63%61/86 (+11)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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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 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

Cash Dividend

Ex DateEx DateJun 9, 2022

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Jun 9, 2022

News & Opinions
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

3 days 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

3 days 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

2 months agoCapital Market - Live
Elecon Engg: Weak Q1 Recorded, Management Speaks On Weak Q1 And Growth Plans | Kamlesh Shah
2 months agoET NOW

Elecon Engineering Company consolidated net profit rises 0.55% in the June 2024 quarter

2 months agoBusiness Standard
Earnings
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

2 months agoCapital Market - Live

Patel Engineering Ltd leads losers in ‘A’ group

3 months agoBusiness Standard

Volumes soar at Elecon Engineering Company Ltd counter

3 months agoBusiness Standard

Elecon Engineering stock spurts 12%, hits new high on optimistic outlook

3 months agoBusiness Standard

Gravita India Ltd leads gainers in ‘A’ group

3 months agoBusiness Standard