Eimco Elecon (India)

NSE: EIMCOELECOBSE: 523708
Compare with peers
₹ 2,145.00▼ 8.7 (−0.4%)28 Oct, 03:29 pm IST
Market cap
₹ 1,251 Cr.
P/E
32.1x
P/B
2.78x
52-week range
1,405.5 – 2,475
ROE
8%
ROCE
10%
Dividend yield
0.2%
Debt / equity
0.01
Sector
Industrial Manufacturing
Industry
Industrial Products
Listed on
NSE, BSE

About

Eimco Elecon (India) Limited is an India-based company. The Company is engaged in the business of manufacturing of equipment for mining and construction sector. The Company produces a range of underground coal mining machinery and construction equipment. The Company offers its products for a range of applications, including coal mining, metal mining, construction equipment, foundation equipment, and underground transport system. Its products include Air Motors, 811-Load Haul Dumper, 912E-Load Haul Dumper, 912B MK II-Load Haul Dumper, low Profile Dump Truck, 912CH-Coal Hauler, 625-Side Dump Loader, 611-Side Dump Loader, 611-Universal Drill Machine, 824-Rocker Shovel Loader, 150/1000B-Hopper Loader, AL 120-Articulated Wheel Loader, AL 520-Articulated Wheel Loader, 21B-Rocker Shovel Loaders, Coal Hauler, Continuous Miner Package, Drill Machine, Piling Rig, and Chair Lift Man Riding System. The Company's plant is located in Vallabh Vidyanagar, Gujarat.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Industrial Products: 186 companies →

Eimco Elecon (India) against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)32.1 against a typical 29.6: pricier than most peers (1st = cheapest).100th of 184
  • Sales growth+70.9% against a typical +20.3% from a year earlier.24th of 147
  • Profit growth+46.4% against a typical +9.4% from a year earlier.46th of 121
  • Share price, 3 months+19.7% against a typical −3.4%.35th of 164
  • Size₹ 1,250.8 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).47th of 176

Latest announcements

Exchange filings and their impact on the company.

  • 27 Oct 2026Product launchLow impactPositivePrice +3.2% that day
    New DW-220 wall grab adds a small Make-in-India revenue stream with limited 12-month profit impact.

    Eimco Elecon (India) on 27 October 2026 launched the DW-220 Hydraulic Diaphragm Wall Grab, expanding its construction equipment portfolio under the Make in India initiative. The filing gives no price, orders or financial targets, only positioning it for complex construction applications. The launch should add a modest new revenue stream over the next year without changing the near-term scale of the Rs 264 cr TTM business.

    Filing
  • 13 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −1.8% that day
    Q2 revenue up 71% YoY to Rs 57 cr with EBITDA doubling and Rs 133 cr order book supports continued growth.

    Eimco Elecon reported Q2 FY27 revenue of Rs 57 crore, up 70.9% from Rs 33 crore last year, with EBITDA up 108.8% to Rs 11 crore at 18.8% margin and PAT up 46.5% to Rs 8 crore. H1 revenue was up about 33% YoY. The company disclosed a healthy open order pipeline of Rs 133 crore and also noted CFO Vishal Begwani will resign effective 30 October 2026.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A by CRISIL
A
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CRISILCrisil AStable18 Aug 2026
Credit rating actions
RatingDetails
18 Aug 2026
Reaffirmed
Crisil A—CRISIL₹ 101.5 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
13 Oct 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2026 and other business matters
9 Jul 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
14 Apr 2026Financial Results/Dividend/Other business mattersTo consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
8 Jan 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended December 31, 2025 and other business matters
9 Oct 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2025 and other business matters
10 Jul 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025 and other business matters

Share price

1Y change +15.31%
0 of 2 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales488470674664683363677857
Expenses406855523846552851546346
Operating Profit817151581812513131411
OPM %16.4%19.8%21.6%22.7%17.1%28.2%18.2%15.7%19.8%19.3%18.4%18.9%
Other Income455634846−182
Interest000000000000
Depreciation222223222222
Profit before tax101918198201871692010
Tax %23%22.1%19.5%32%26%24.4%21.4%22.4%22.4%28.8%21.6%25%
Net Profit8151513615145136158
EPS in Rs13.0925.7325.6222.6410.7325.7825.19.2721.711.0326.6613.57

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
5%
5 Years
13%
3 Years
10%
TTM
25%
Compounded Profit Growth
10 Years
9%
5 Years
25%
3 Years
19%
TTM
3%
Stock Price CAGR
10 Years
19%
5 Years
42%
3 Years
15%
TTM
—
Return on Equity
10 Years
7%
5 Years
8%
3 Years
10%
TTM
—

Shareholding

Latest: Sep 2026.

Promoters
48.96%
0 pts in a year
FIIs
1.3%
+0.7 pts in a year
DIIs
1.07%
+0.84 pts in a year
Public
48.67%
−1.55 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 32.1xEPS (12 months) ₹ 66.41Median P/E 17.4x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Eimco Elecon (India)₹ 2,145.00₹ 1,251 Cr.32.1x2.8x8%—
Escorts Kubota₹ 2,626.00₹ 29,420 Cr.24x2.6x12%11.8%
Action Construction Equipment₹ 1,000.15₹ 11,954 Cr.27.8x5.8x22.9%12.7%
ESAB India₹ 5,289.90₹ 8,143 Cr.44.5x20.3x52.3%13.7%
AJAX Engineering₹ 552.60₹ 6,324 Cr.30.1x4.9x17.7%10.7%
Texmaco Rail & Engineering₹ 99.20₹ 4,034 Cr.23.6x2x7.6%3.9%

Management

Vishal C. Begwani
Chief Financial Officer
Rikenkumar Dalwadi
Compliance Officer, Company Secretary
Prayasvin Bhanubhai Patel
Executive Director
Kamlesh Nalin Shah
Whole-time Director

Prices are delayed and for information only. Nothing on this page is investment advice.