Is Eimco Elecon (India) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Eimco Elecon (India) Ltd is a below average quality company .

Is Eimco Elecon (India) undervalued or overvalued?

The key valuation ratios of Eimco Elecon (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Eimco Elecon (India) share price return in the past 10 years?

Eimco Elecon (India) Ltd share price has appreciated 22.8% annually (CAGR) over the past ten years.

Is Eimco Elecon (India) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Eimco Elecon (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Eimco Elecon (India) Ltd - Stock Valuation and Financial Performance

Name: Eimco Elecon (India)
Brand: Eimco Elecon (India)

BSE: 523708 | NSE: EIMCOELECO | Engineering - Industrial Equipments | Small Cap

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Eimco Elecon (India) Share Price

₹2,573.75 202.10 8.52%
as on 22-Nov'24 16:59

10 Year X-Ray of Eimco Elecon (India):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	15.6%	10.4%	11.3%	7%	10.2%	3.4%	4.6%	3.2%	8%	13.9%	-
Value Creation Index ⓘ	0.1	-0.3	-0.2	-0.5	-0.3	-0.8	-0.7	-0.8	-0.4	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	196	140	171	140	185	108	126	84.4	173	228	269
Sales YoY Gr.	-	-28.7%	22.3%	-18.2%	31.9%	-41.6%	16.9%	-33.1%	104.5%	31.7%	-
Adj EPS ⓘ	34.7	25.8	33.8	22.4	30.1	5.5	19.9	10.8	35.4	68.3	87.1
YoY Gr.	-	-25.8%	31.3%	-34%	34.8%	-81.6%	258.5%	-45.8%	228.8%	92.9%	-
BVPS (₹) ⓘ	355.2	445.5	482.7	505.5	539.8	547.6	562.1	571.5	604.8	669.5	712.7
Adj Net Profit ⓘ	20	14.9	19.5	12.9	17.4	3.2	11.5	6.2	20.4	39.4	50
Cash Flow from Ops. ⓘ	19.1	42.3	19	10	10.1	11.4	2.6	-9.9	6.7	11.6	-
Debt/CF from Ops. ⓘ	0	0	0	0.1	0.2	0.1	0.3	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1.7%	4.3%	21.7%	31.7%
Adj EPS ⓘ	7.8%	17.8%	50.9%	92.9%
BVPSⓘ	7.3%	4.4%	6%	10.7%
Share Price	22.8%	53.8%	92.2%	78.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	10.2	6.4	7.3	4.5	5.8	1	3.6	1.9	6	10.7	12.6
Op. Profit Mgn % ⓘ	15	16.2	12.9	10.8	13.7	5.8	8.9	7.1	14.1	17.4	20.4
Net Profit Mgn % ⓘ	10.2	10.6	11.4	9.2	9.4	3	9.1	7.4	11.8	17.3	18.7
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	234	361	288	331	255	430	379	632	320	281	128
Cash Conv. Cycle ⓘ	154	175	121	177	144	241	205	384	209	201	94

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.60%

Sales growth is growing at healthy rate in last 3 years 21.73%

Net Profit is growing at healthy rate in last 3 years 50.91%

Sales growth is good in last 4 quarters at 36.85%

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Latest Financials - Eimco Elecon (India) Ltd.

	Standalone	Consolidated
TTM EPS (₹)	87.1	66.8
TTM Sales (₹ Cr.)	269	228
BVPS (₹.) ⓘ	712.7	669.5
Reserves (₹ Cr.) ⓘ	405	380
P/BV ⓘ	3.33	3.55
PE ⓘ	27.29	35.56

From the Market
52 Week Low / High (₹)	1280.00 / 3465.00
All Time Low / High (₹)	31.00 / 3465.00
Market Cap (₹ Cr.)	1,371
Equity (₹ Cr.)	5.8
Face Value (₹)	10
Industry PE ⓘ	57.7

Management X-Ray of Eimco Elecon (India):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

4.68

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Eimco Elecon (India)

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Eimco Elecon (India)

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	196	140	171	140	185	108	126	84	173	228
Operating Expenses ⓘ	167	117	149	125	160	102	115	79	148	188
Manufacturing Costs	14	6	8	7	7	7	7	10	11	12
Material Costs	108	66	89	72	100	55	67	37	90	116
Employee Cost	12	14	15	15	16	13	11	12	15	18
Other Costs ⓘ	34	31	37	31	38	27	31	20	32	43
Operating Profit ⓘ	29	23	22	15	25	6	11	6	24	39
Operating Profit Margin (%)	15.0%	16.2%	12.8%	10.7%	13.5%	5.4%	8.6%	7.0%	14.1%	17.3%
Other Income ⓘ	5	8	13	10	11	11	11	13	10	19
Interest ⓘ	0	0	0	1	1	1	1	0	1	1
Depreciation ⓘ	4	6	5	5	5	6	7	8	8	7
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	30	24	30	19	30	10	14	10	26	50
Tax ⓘ	9	6	5	3	7	1	3	1	6	10
Profit After Tax	22	17	25	16	23	9	11	9	21	40
PAT Margin (%)	11.0%	12.5%	14.7%	11.7%	12.6%	8.7%	8.9%	10.1%	12.1%	17.8%
Adjusted EPS (₹)	37.3	30.3	43.5	28.5	40.3	16.3	19.5	14.8	36.2	70.1
Dividend Payout Ratio (%)	13%	17%	11%	18%	17%	31%	26%	17%	14%	7%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	205	257	278	292	311	316	324	330	349	386
Share Capital ⓘ	6	6	6	6	6	6	6	6	6	6
Reserves ⓘ	199	251	273	286	306	310	318	324	343	380
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	1	1	1	1	0	0	0
Long Term Debt	0	0	0	1	1	1	1	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	27	23	14	24	20	17	19	17	18	27
Others Liabilities ⓘ	11	73	53	33	37	36	47	43	27	48
Total Liabilities ⓘ	243	353	345	350	369	370	392	390	394	461
Fixed Assets
Gross Block	101	101	101	115	118	127	143	142	142	138
Accumulated Depreciation	73	36	38	42	47	52	59	64	69	68
Net Fixed Assetsⓘ	28	65	64	73	71	75	84	78	73	71
CWIP ⓘ	0	0	0	1	9	11	0	0	1	0
Investmentsⓘ	75	126	147	146	153	156	158	153	165	180
Inventories	31	38	34	39	40	53	37	71	79	86
Trade Receivables	88	52	49	60	61	31	61	39	53	94
Cash Equivalents	4	2	2	4	4	7	10	3	3	8
Others Assetsⓘ	16	71	49	27	32	38	42	45	21	23
Total Assets ⓘ	243	353	345	350	369	370	392	390	394	461

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	19	42	19	10	10	11	3	-10	7	12
PBT ⓘ	30	24	30	19	30	10	14	10	26	50
Adjustment ⓘ	0	0	-5	-3	-5	-4	4	-3	0	-9
Changes in Working Capital ⓘ	-2	24	-1	-1	-10	11	-13	-14	-15	-21
Tax Paid ⓘ	-9	-5	-5	-5	-5	-6	-3	-2	-4	-8
Cash Flow From Investing Activity ⓘ	-16	-42	-15	-5	-8	-3	3	8	-5	-2
Capex	-16	-5	-4	-14	-11	-10	-5	-2	-3	-5
Net Investments	-2	-39	-15	5	2	6	8	8	-6	-1
Others ⓘ	2	3	4	3	1	1	1	2	5	3
Cash Flow From Financing Activityⓘ	-3	-3	-3	-3	-3	-5	-3	-5	-2	-4
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	1	1	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	-1	0	-1	-1
Dividend Paid ⓘ	-3	-3	-3	-3	-3	-4	-3	-3	-1	-3
Others ⓘ	0	-1	-1	-1	-1	-1	0	-1	0	0
Net Cash Flow ⓘ	0	-3	1	2	0	3	3	-6	0	5

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	10.97	7.56	9.37	5.77	7.7	3	3.52	2.61	6.15	11
ROCE (%)	15.56	10.36	11.27	7	10.24	3.4	4.64	3.15	7.96	13.85
Asset Turnover Ratio	0.89	0.5	0.53	0.41	0.51	0.29	0.33	0.22	0.44	0.53
PAT to CFO Conversion(x)	0.86	2.47	0.76	0.63	0.43	1.22	0.27	-1.11	0.33	0.3
Working Capital Days
Receivable Days	161	171	99	140	119	155	134	217	97	118
Inventory Days	49	84	71	94	78	157	130	234	158	132
Payable Days	87	139	75	97	81	122	100	180	71	72

Eimco Elecon (India) Ltd Stock News

Eimco Elecon (India) Ltd FAQs

What is the share price of Eimco Elecon (India)?

Company share prices are keep on changing according to the market conditions. The closing price of Eimco Elecon (India) on 22-Nov-2024 16:59 is ₹2,573.8.

What is the market cap of Eimco Elecon (India)?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Nov-2024 16:59 the market cap of Eimco Elecon (India) stood at ₹1,370.6.

What is the P/E ratio of Eimco Elecon (India)?

The latest P/E ratio of Eimco Elecon (India) as of 22-Nov-2024 16:59 is 27.29.

What is the P/B ratio of Eimco Elecon (India)?

The latest P/B ratio of Eimco Elecon (India) as of 22-Nov-2024 16:59 is 3.33.

What is the 52-week high and low of Eimco Elecon (India)?

The 52-week high of Eimco Elecon (India) is ₹3,465 and the 52-week low is ₹1,280.

What is the TTM revenue of Eimco Elecon (India)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eimco Elecon (India) is ₹268.9 ( Cr.) .

About Eimco Elecon (India) Ltd

Eimco Elecon (India) Limited was incorporated in 1974 as a joint venture of ELECON Group of India and Indian Public, it is in the business of manufacturing and marketing equipment for underground and opencast mines. Eimco Elecon (India) Limited was first to introduce the intermediate technology of Side Dump Loaders (SDLs), Load Haul Dumpers (LHDs) and Rocker Shovel Loaders in India to partially mechanize the underground coal and metalliferrous mines and continue to be market leader since then.

In order to maintain pace with demand for enhancement of productivity from mines, they also introduced Continuous Mining Technology, Face & Roof Drills, Coal Haulers, different models of LHDs / SDLs, etc. for underground mines and 160mm & 250mm self propelled crawler mounted blast hole drills for Opencast mines.

The company already produced more than 2550 Nos. of machines, which are working successfully at various mining and construction sites in India and abroad.It provides sales and after-sales-support through the net work of branch offices and parts depots across the country viz. Asansol, Bilaspur, Dhanbad, Kolkata, Nagpur, Secunderabad, Bangalore, Chennai, Jamshedpur, Mumbai and New Delhi.

Elecon group of companies continues to be market leader since its establishment in 1951, in manufacture of material handling Equipment & related projects in India and having diversified interests in Wagon tipplers, Reclaimers, Industrial Gear Boxes, Industrial Geared Motors, Industrial Electro Magnets, Wagon Loaders, Various Electronic Equipment, etc.

Eimco Elecon produces a wide range of underground mining machinery. Its range of products include Electro Hydraulic Side Dump Loaders, Load Haul Dumpers, Air Powered Rocker Showel Loaders, Coal Hauler and Low Profile Dump Trucks.

Eimco Elecon also manufactures Blasthole Drills, Hydraulic Cylinders and Air Motors. Besides we are the only distributors for BERCO undercarriage components in India.

Eimco Elecon is committed to provide the best equipment and technological solutions to clients engaged in the extraction of natural resources.

Clients of the company includes,Coal India Limited and Its Subsidiaries, Hindustan Zinc Limited, Hindustan Copper Limited, Uranium Corporation Of India Limited, Monnet Ispat & Energy Limited, Manganese Ore (India) Ltd, Andhra Pradesh Heavy M/c. Engg. Ltd,Hutti Gold Mines Co. Ltd, Mineral Exploration Corp. Ltd, Ferro Alloys Corp. Ltd, Aravali Construction Company (Pvt.) limited and Tata Iron & Steel Co. Ltd etc.