Is Elecon Engineering Company a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Elecon Engineering Company Ltd is a average quality company .

Is Elecon Engineering Company undervalued or overvalued?

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

What is Elecon Engineering Company share price return in the past 10 years?

Elecon Engineering Company Ltd share price has appreciated 38.3% annually (CAGR) over the past ten years.

Is Elecon Engineering Company a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Elecon Engineering Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Elecon Engineering Company?

The latest standalone P/E ratio of Elecon Engineering Company as of 20-Dec-2024 is 47.28.

What is the P/B ratio of Elecon Engineering Company?

The latest standalone P/B ratio of Elecon Engineering Company as of 20-Dec-2024 is 9.33.

What is the 52-week high and low of Elecon Engineering Company?

The 52-week high of Elecon Engineering Company is Rs. 738.85 and the 52-week low is Rs. 395.05.

Elecon Engineering Company Ltd - Stock Valuation and Financial Performance

Name: Elecon Engineering Company
Brand: Elecon Engineering Company

BSE: 505700 | NSE: ELECON | Engineering - Industrial Equipments | Small Cap

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Elecon Engg. Share Price

₹601.45 -16.40 -2.65%
as on 20-Dec'24 16:59

10 Year X-Ray of Elecon Engg.:

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 % ⓘ	10.3%	12.3%	10.1%	6%	7.6%	6.1%	10.4%	15.2%	24.8%	34%	-
Value Creation Index ⓘ	-0.3	-0.1	-0.3	-0.6	-0.5	-0.6	-0.3	0.1	0.8	1.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	503	980	923	911	955	836	796	893	1,197	1,600	1,581
Sales YoY Gr.	-	94.7%	-5.7%	-1.3%	4.9%	-12.5%	-4.7%	12.2%	34.1%	33.6%	-
Adj EPS ⓘ	1.2	1.1	1.1	0.3	0.5	3.2	1.6	4.4	8.3	13.2	12.7
YoY Gr.	-	-5.9%	-5.4%	-76.2%	112%	509.4%	-50.8%	178.6%	88.3%	58.5%	-
BVPS (₹) ⓘ	23.4	33.2	32.5	32.6	33	34.9	36.5	40.4	48.1	60.1	64.4
Adj Net Profit ⓘ	25.8	24.1	23.6	5.7	11.9	72.5	35.8	99.4	187	297	285
Cash Flow from Ops. ⓘ	218	12.8	196	106	71	170	220	178	294	235	-
Debt/CF from Ops. ⓘ	1.1	44.3	2.4	4.7	6.7	2.1	1	0.6	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.7%	10.9%	26.2%	33.6%
Adj EPS ⓘ	30.8%	90.3%	102.6%	58.5%
BVPSⓘ	11%	12.7%	18%	24.8%
Share Price	38.3%	103.1%	91.8%	35.3%

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 % ⓘ	5.2	3.9	3.3	0.8	1.6	9.5	4.5	11.5	18.8	24.4	20.4
Op. Profit Mgn % ⓘ	21.2	16	18.4	12.1	8.6	9.7	8.9	20.5	23.1	25.9	24.2
Net Profit Mgn % ⓘ	5.1	2.5	2.6	0.6	1.2	8.7	4.5	11.1	15.6	18.5	18.1
Debt to Equity ⓘ	0.5	0.8	0.6	0.7	0.6	0.5	0.3	0.1	0	0	0
Working Cap Days ⓘ	389	268	368	399	408	466	449	329	187	139	100
Cash Conv. Cycle ⓘ	29	82	132	158	150	135	85	94	84	68	65

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.40%

Sales growth is growing at healthy rate in last 3 years 26.19%

Net Profit is growing at healthy rate in last 3 years 102.59%

Sales growth is good in last 4 quarters at 16.56%

No data to display

Latest Financials - Elecon Engineering Company Ltd.

	Standalone	Consolidated
TTM EPS (₹)	12.7	15.8
TTM Sales (₹ Cr.)	1,581	1,939
BVPS (₹.) ⓘ	64.4	78.2
Reserves (₹ Cr.) ⓘ	1,447	1,732
P/BV ⓘ	9.33	7.69
PE ⓘ	47.28	38.00

From the Market
52 Week Low / High (₹)	395.05 / 738.85
All Time Low / High (₹)	0.23 / 738.85
Market Cap (₹ Cr.)	13,497
Equity (₹ Cr.)	22.4
Face Value (₹)	1
Industry PE ⓘ	59.3

Management X-Ray of Elecon Engg.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

3.76

0.00

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

Valuation of Elecon Engg.

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Price Chart

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 Elecon Engg.

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	503	980	923	911	955	836	796	893	1,197	1,600
Operating Expenses ⓘ	397	829	757	801	874	758	725	715	922	1,186
Manufacturing Costs	64	195	172	222	226	156	89	110	150	191
Material Costs	228	432	383	402	424	379	363	418	548	711
Employee Cost	37	83	85	66	73	71	64	59	83	111
Other Costs ⓘ	67	119	118	111	151	152	210	129	140	174
Operating Profit ⓘ	107	151	166	110	81	77	71	178	275	414
Operating Profit Margin (%)	21.2%	15.4%	18.0%	12.1%	8.5%	9.2%	8.9%	19.9%	23.0%	25.9%
Other Income ⓘ	23	31	8	11	55	38	85	17	22	40
Interest ⓘ	30	71	73	68	65	70	55	33	12	6
Depreciation ⓘ	52	56	48	48	44	44	42	38	39	41
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	48	56	52	5	28	1	58	124	246	406
Tax ⓘ	14	19	31	-3	16	-71	22	28	58	103
Profit After Tax	33	37	21	8	12	72	36	96	188	303
PAT Margin (%)	6.6%	3.7%	2.3%	0.9%	1.3%	8.7%	4.6%	10.7%	15.7%	19.0%
Adjusted EPS (₹)	1.5	1.7	0.9	0.4	0.5	3.2	1.6	4.3	8.4	13.5
Dividend Payout Ratio (%)	33%	33%	27%	28%	19%	0%	12%	16%	12%	11%

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	510	723	729	731	740	782	819	908	1,079	1,348
Share Capital ⓘ	22	22	22	22	22	22	22	22	22	22
Reserves ⓘ	489	701	707	708	718	760	797	885	1,057	1,325
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	228	538	422	457	451	335	206	94	0	0
Long Term Debt	89	128	91	145	217	131	116	20	0	0
Short Term Debt	138	409	331	313	234	204	90	74	0	0
Trade Payables	209	407	360	370	342	458	362	214	152	161
Others Liabilities ⓘ	109	308	347	397	414	261	315	219	184	251
Total Liabilities ⓘ	1,056	1,976	1,859	1,955	1,947	1,836	1,702	1,435	1,416	1,760
Fixed Assets
Gross Block	632	874	888	892	899	882	881	836	874	928
Accumulated Depreciation	299	85	132	178	221	253	293	274	294	330
Net Fixed Assetsⓘ	334	789	756	713	677	628	588	563	580	598
CWIP ⓘ	2	8	2	1	5	0	0	0	0	1
Investmentsⓘ	199	110	128	160	160	119	119	119	138	342
Inventories	130	263	232	201	239	228	176	180	176	154
Trade Receivables	227	659	587	623	547	559	467	379	299	407
Cash Equivalents	3	20	6	33	8	25	51	39	136	116
Others Assetsⓘ	161	127	149	223	311	277	301	155	86	142
Total Assets ⓘ	1,056	1,976	1,859	1,955	1,947	1,836	1,702	1,435	1,416	1,760

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 ⓘ	218	13	196	106	71	170	219	178	294	235
PBT ⓘ	48	56	52	5	28	1	58	124	246	406
Adjustment ⓘ	77	90	95	112	102	123	133	87	31	47
Changes in Working Capital ⓘ	107	-102	53	-12	-56	50	27	-5	81	-117
Tax Paid ⓘ	-14	-30	-4	1	-2	-3	1	-28	-64	-101
Cash Flow From Investing Activity ⓘ	-167	-16	-26	-65	14	-13	-16	-4	-144	-185
Capex	-7	3	-10	11	-13	-12	-3	-17	-44	-25
Net Investments	-162	2	1	-79	19	-8	-19	10	-105	-180
Others ⓘ	2	-21	-16	3	8	8	5	2	6	19
Cash Flow From Financing Activityⓘ	-52	17	-185	-38	-89	-156	-193	-175	-140	-47
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	18	42	0	36	-23	-90	-18	-96	-20	0
Interest Paid ⓘ	-30	-62	-63	-66	-64	-68	-50	-34	-12	-6
Dividend Paid ⓘ	-12	-15	-14	-7	-3	-3	0	-4	-16	-34
Others ⓘ	-28	52	-107	0	0	6	-124	-40	-93	-7
Net Cash Flow ⓘ	-1	14	-15	4	-5	2	11	-2	10	3

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 (%)	6.62	5.92	2.9	1.11	1.64	9.51	4.53	11.06	18.94	24.98
ROCE (%)	10.28	12.3	10.13	6.02	7.59	6.09	10.37	15.23	24.75	33.98
Asset Turnover Ratio	0.51	0.7	0.52	0.48	0.49	0.44	0.45	0.57	0.84	1.01
PAT to CFO Conversion(x)	6.61	0.35	9.33	13.25	5.92	2.36	6.08	1.85	1.56	0.78
Working Capital Days
Receivable Days	133	152	228	240	223	241	235	173	103	81
Inventory Days	84	67	91	86	84	102	93	73	54	38
Payable Days	334	260	366	332	306	386	412	252	122	80

Elecon Engineering Company Ltd Stock News

Elecon Engineering Company Ltd FAQs

What is the share price of Elecon Engg.?

Company share prices are keep on changing according to the market conditions. The closing price of Elecon Engg. on 20-Dec-2024 16:59 is ₹601.5.

What is the market cap of Elecon Engg.?

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 20-Dec-2024 16:59 the market cap of Elecon Engg. stood at ₹13,496.5.

What is the P/E ratio of Elecon Engg.?

The latest P/E ratio of Elecon Engg. as of 20-Dec-2024 16:59 is 47.28.

What is the P/B ratio of Elecon Engg.?

The latest P/B ratio of Elecon Engg. as of 20-Dec-2024 16:59 is 9.33.

What is the 52-week high and low of Elecon Engg.?

The 52-week high of Elecon Engg. is ₹738.9 and the 52-week low is ₹395.1.

What is the TTM revenue of Elecon Engg.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elecon Engg. is ₹1,581 ( Cr.) .

About Elecon Engineering Company Ltd

Elecon Group was founded in the year 1951 in Goregaon, Mumbai by Late Shri Ishwarbhai B. Patel. Initially, the Company manufactured conveyor systems with a focus on Engineering, Procurement and Construction projects in India. Elecon Engineering Company Limited was incorporated as a Private Limited Company in January 1960. In May 1960, the Company relocated its base to the current location in Vallabh Vidyanagar, Gujarat. Later in June 1962, the Company was listed on the Bombay Stock Exchange Limited and in November 2006 on National Stock Exchange of India Limited.

The company is a trademark that reflects leadership and relentless innovations in the power transmission industry, and as an integrated solution provider for the entire value chain of material handling systems in India.

The company was established in Goregaon, Mumbai by Late Shri Ishwarbhai B. Patel. A company fundamentally driven by “excellence” around technical innovations had its early focus on engineering, procurement and construction projects. After relocating its base to Anand, Gujarat in 1960, Elecon continued to innovate in manufacturing Power Transmission Equipment and established a dedicated Gear Division in 1976.

Today, Seven decades later since its foundation, Elecon stands as an attestation to the formidable efforts and the visions of its founding fathers and their successors. Elecon reigns as the largest industrial gear manufacturing company in Asia, located in the Anand city of Gujarat. Since its inception, Elecon’s prime focus has remained on research & development, innovation and acquiring new-age technological advancements.

Business area of the company

The company is involved in the design and manufacturing of Material Handling Equipment and Industrial Gears and also involved in providing erection and commissioning solutions for its products.

Products

Power Transmission Products

Helical/Bevel Helical Gearboxes
Planetary Gearboxes
Worm Gearboxes
Couplings
High Speed Gearboxes
Wind Turbine Gearboxes
Marine Gearboxes
Loose Gears
Custom Buil Gearboxes

Material Handling Equipment Solutions

RMHS (Raw Material Handling System)
Specialized Conveyors
Feeders
Wagon Tippler & Associated Equipment
Crushers
Cable Reeling Drum
Idlers & Pulleys
Magnates/Weighers/Metal Detectors
Wagon & Truck Loaders
Scrapers / Reclaimers
Bagging & Weighing Machines
Stackers/ Reclaimers
Port Equipment

Foundry Division

Elecon’s Foundry Division (EFD) is ISO 9001-2008 certified and caters to machining and foundry needs of Elecon Engineering. After five decades expertise in the industry, EFD now provides casting and machining services to several other companies other than Elecon group with its ultra-modern amenities to fulfil high quality requirements. The Ferrous and Non-Ferrous Foundry is spread over ten acres of land, and has state of the art melting, moulding and heat treatment and quality assurance facilities.

History and milestones

1960: Elecon was established to manufacture elevators and conveyors (Elecon) in Bombay, now Mumbai.
1961: ELECON became a Public Limited Company
1963: Installation of India's first CNC Machine at Elecon
1967: First Stacker cum reclaimer machine was installed in year 1967 at santaldih TPS, WBSEB and worked well for 45 years
1969: Collaboration with Alfred Wiseman for worm Gearboxes
1974: India’s biggest MHE Order From Neyveli lignite
1975: Collaboration with WGW (TGW) Thyssen Getriebe Works for Spiral Bevel & Helical Gearboxes
1976: Foundation of ELECON-GEAR Division (New Setup for Gear Manufacturing)
1985: First export order from EGAT, Thailand collaboration with Renk AG, Germany for High Speed Gearboxes and Bucket wheel & Slewing Planetary Gearboxes
1992: Collaboration with Renk AG continues. Collaboration with SIME France for Hydrokinetic fluid Couplings
1994: First Gear Company received ISO Certificate in India
1998: Developed Lift Gear Box - TM 500 Model for M/S. Kinetic Transportation Products Ltd. (Indian counter part of Hyundai elevator Co., Korea)
1999: Prestigious Order From Indian Navy - “CODOG” Gearbox
2008: Collaboration with M/S. Haisung Industrial System Co. Ltd., South Korea
2010: 1st International Acquisition by ELECON of UK based Benzlers & Radicon Group
2011: Launched brand ambassador 'STACKY RECLAIMY' & 'ROLLY GEARRY' for ELECON MHE & Gear division
2013: Commissioned an ultra-modern manufacturing facility, the Bhanubhai Memorial Centre of Excellence (BMCE)
2015: Longest Pipe Conveyor installed successfully at Manikgarh Cement, India
2016: ELECON received the biggest order from Indian Navy