Elecon Engineering Company
- Market cap
- ₹ 9,450 Cr.
- P/E
- 31x
- P/B
- 4.17x
- 52-week range
- 352 – 579
- ROE
- 16%
- ROCE
- 21%
- Dividend yield
- 0.5%
- Debt / equity
- 0.12
- Sector
- Electrical Equipment
- Industry
- Heavy Electrical Equipment
- Listed on
- NSE, BSE
About
Elecon Engineering Company Limited is an India-based company that is engaged in the designing and manufacturing of material handling equipment and industrial gear and is also involved in providing erection and commissioning solutions for its products. The Company operates through two segments: Transmission Equipment and Material Handling Equipment. The Transmission Equipment segment is engaged in the manufacturing of transmission equipment like gearboxes, couplings, and elevator traction machines. The Material Handling Equipment segment is engaged in manufacturing of material handling equipment like raw material handling systems, stackers, reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers, feeders, and port equipment. It is also engaged in executing projects on material handling equipment and systems. The Company has manufacturing units at Vallabh Vidyanagar, Gujarat. Its products are sold in both the national and international markets.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Heavy Electrical Equipment: 51 companies →Elecon Engineering Company 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)31 against a typical 30.4: pricier than most peers (1st = cheapest).27th of 50
- Sales growth+10.6% against a typical +23.8% from a year earlier.27th of 41
- Profit growth+9.1% against a typical +24.6% from a year earlier.24th of 40
- Share price, 3 months+1.5% against a typical −8.7%.13th of 45
- Size₹ 9,450.5 Cr. market value against a typical ₹ 5,357.9 Cr. (1st = largest).19th of 47
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA /[ICRA]A1+ | Positive | 15 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 15 Jul 2026 | Reaffirmed | [ICRA]AA /[ICRA]A1+ | — | ICRA | ₹ 400 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Oct 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended September 30, 2026, dividend and other business matters |
| 10 Jul 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 15 Apr 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 8 Jan 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 10 Oct 2025 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended September 30, 2025, dividend and other business matters |
| 11 Jul 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 474 | 565 | 392 | 508 | 529 | 798 | 491 | 578 | 552 | 746 | 521 | 639 |
| Expenses | 353 | 429 | 300 | 396 | 386 | 602 | 360 | 452 | 443 | 588 | 411 | 491 |
| Operating Profit | 120 | 135 | 92 | 112 | 143 | 195 | 130 | 126 | 109 | 158 | 109 | 148 |
| OPM % | 25% | 24% | 24% | 22% | 27% | 24% | 27% | 22% | 20% | 21% | 21% | 23% |
| Other Income | 11 | 16 | 17 | 14 | 17 | 21 | 108 | 18 | 19 | −84 | 22 | 20 |
| Interest | 1 | 2 | 2 | 2 | 3 | 5 | 6 | 6 | 7 | 6 | 8 | 10 |
| Depreciation | 13 | 13 | 13 | 13 | 16 | 19 | 25 | 25 | 27 | 27 | 30 | 33 |
| Profit before tax | 117 | 136 | 94 | 111 | 140 | 192 | 207 | 113 | 94 | 40 | 93 | 125 |
| Tax % | 23% | 24% | 22% | 21% | 23% | 24% | 15% | 22% | 23% | 85% | 24% | 23% |
| Net Profit | 90 | 104 | 73 | 88 | 108 | 146 | 175 | 88 | 72 | 6 | 70 | 96 |
| EPS in Rs | 4.03 | 4.62 | 3.27 | 3.91 | 4.79 | 6.53 | 7.82 | 3.91 | 3.21 | 0.27 | 3.14 | 4.29 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 6%
- 5 Years
- 18%
- 3 Years
- 16%
- TTM
- 3%
- 10 Years
- 29%
- 5 Years
- 44%
- 3 Years
- 14%
- TTM
- −31%
- 10 Years
- 30%
- 5 Years
- 44%
- 3 Years
- 6%
- TTM
- —
- 10 Years
- 15%
- 5 Years
- 20%
- 3 Years
- 21%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Elecon Engineering Company | ₹ 430.00 | ₹ 9,450 Cr. | 31x | 4.2x | 16% | — |
| Bharat Heavy Electricals | ₹ 387.00 | ₹ 1,34,756 Cr. | 92.4x | 5.6x | — | 6.8% |
| Suzlon Energy | ₹ 37.40 | ₹ 51,409 Cr. | 22.8x | 7.5x | 40.6% | 19% |
| Thermax | ₹ 3,095.60 | ₹ 36,999 Cr. | 73.4x | 10x | 13.7% | 6.7% |
| Voltas | ₹ 950.00 | ₹ 31,434 Cr. | 112.5x | 7x | 5.8% | 3.5% |
| AIA Engineering | ₹ 3,588.70 | ₹ 33,490 Cr. | 34.1x | 5.4x | 17% | 28.7% |
Management
- Prayasvin B. Patel
- Executive Non-Independent Chairman of the Board, Managing Director
- Chintan Jashvantlal Shah
- Chief Financial Officer
- Bhartiben Lalitkumar Isarani
- Compliance Officer, Company Secretary
- Aayush Alkesh Shah
- Non-Independent Non-Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.