ELECON

Elecon Engineering Company Ltd.

NSE: ELECON

BSE: 505700

Sector: Capital Goods

Industry Group: Industrial Manufacturing

Industry: Industrial Products

486.75+46.8 (+10.63%)

14 Oct, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

75.4 / 100

Value Score

38.2 / 100

Price Momentum Score

50.7 / 100

QVM Score

56.4 / 100

Key Metrics

Market Cap

10922.70

P/E (TTM)

46.27

P/B

4.74

P/S (TTM)

4.56

EV/EBITDA

20.63

CAPE (5Y)

35.62

ROE (TTM)

15.85

ROCE (TTM)

17.71

ROA (TTM)

11.44

Avg 3Y ROE

21.19

Earnings 3Y CAGR

-4.13

Sales 3Y CAGR

14.02

Sales 5Y CAGR

14.78

Debt/Equity

0.12

Consensus TP

550.00

Strong Buy %

Promoter Holding

59.27

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Elecon Engineering Company Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.12 as on 30 Jun 2026 and Debt to Equity increased marginally by 0.03 in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 5 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 46.27 indicates that the stock is expensive on a standalone basis and is at a 62.75% premium to industry median P/E

What is P/E Ratio?

Median: 28.43

Value 46.27

-9608.376406.99

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -1.28% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of 3.05% for 12-month ended 30 Jun 2026 and the growth was 8.19 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 11.24

Value 3.05

-98.36774.95

Low EPS growth and lower than median growth of industry

The company delivered moderate EPS growth of -54.33% for 12-month ended 30 Jun 2026 and the growth was 59.02 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Low dividend yield

The company has a low dividend yield of 0.41%

What is Dividend yield?

Neutral

High ROE but declining trend

The company reported strong ROE of 15.85% for 12-month ended 30 Jun 2026 but ROE declined by -719 bps from 1 year ago

What is ROE (FY)?

High operating margin but declining trend

The company reported strong operating margin of 16.38% for 12-month ended 30 Jun 2026 but operating margin declined by -546 bps from 1 year ago

What is Operating profit margin?

Company's earnings are of moderate quality

Earnings quality score of 60.2 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

60.2 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Elecon Engineering Company Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Elecon Engineering Company Ltd. Shareholding Pattern

Quarterly breakdown of Elecon Engineering Company Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Total Promoter	59.20	59.20	59.20	59.20	59.20	59.20	59.21	59.21	59.26	59.26	59.29	59.29	59.29	59.29	59.29	59.29	59.27	59.28	59.27	59.27	59.27	59.27	59.27	59.27	59.27	59.27	59.27
Indian Promoter	59.20	59.20	59.20	59.20	59.20	59.20	59.21	59.21	59.26	59.26	59.29	59.29	59.29	59.29	59.29	59.29	59.27	59.28	59.27	59.27	59.27	59.27	59.27	59.27	59.27	59.27	59.27
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	2.90	2.87	2.84	2.84	2.84	3.32	4.06	3.80	3.81	4.23	3.56	3.74	3.87	4.83	7.80	8.60	9.88	11.66	12.82	13.43	13.07	13.44	12.48	12.62	12.85	14.21	14.05
Mutual Funds / UTI	2.23	2.23	2.23	2.23	2.23	2.23	2.20	1.80	1.80	1.53	0.78	0.86	0.87	1.12	1.68	1.64	1.30	1.85	1.96	2.22	2.52	2.17	2.37	2.45	3.47	5.78	6.73
FI/Bank/Insurance	0.09	0.06	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.10	0.12	0.29	0.14	0.42	0.68	0.77	0.50	0.53	0.73	0.89	0.44	0.18
Govt	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	-	-	-	-	-	-	-	-	0.01	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.04
FII	0.33	0.33	0.31	0.31	0.31	0.79	1.58	1.71	1.71	2.14	2.01	1.95	2.11	2.81	4.88	5.96	7.58	9.10	9.84	9.73	8.65	9.61	8.31	8.09	7.13	6.99	6.92
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.27	0.73	0.89	0.85	0.86	1.14	0.88	0.70	0.56	0.59	0.77	1.10	1.13	1.23	1.30	1.31	0.96	0.17
Non-Institution	37.90	37.94	37.97	37.97	37.97	37.49	36.73	36.99	36.93	36.51	37.15	36.97	36.84	35.88	32.90	32.11	30.85	29.07	27.91	27.30	27.66	27.29	28.25	28.10	27.87	26.51	26.68
Bodies Corporate	3.26	2.68	2.29	2.22	3.23	2.29	2.61	2.49	2.33	2.02	2.30	2.66	2.72	2.30	1.70	1.51	1.31	1.36	1.46	1.46	1.33	1.36	1.36	1.29	1.30	1.22	1.30
Others (incl. Retail) No. of shareholders	34.64 41,321	35.26 41,709	35.68 43,071	35.75 43,438	34.74 43,197	35.20 50,566	34.12 58,067	34.50 60,100	34.60 61,982	34.49 58,345	34.85 63,626	34.31 62,924	34.12 62,746	33.58 64,747	31.20 81,013	30.60 87,248	29.54 92,451	27.71 99,551	26.45 1,09,714	25.84 1,06,717	26.33 1,10,261	25.93 1,14,618	26.89 1,25,456	26.81 1,21,114	26.57 1,21,815	25.29 1,15,923	25.38 1,18,984

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	Nifty Smallcap 250	0.18%	208 / 248
2	Nifty 500	0.02%	433 / 496
3	Nifty Total Market	0.02%	527 / 746

Prominent Investor Holdings

Vijay Kishanlal Kedia

Sep 2026

1.00%

₹ 110 Cr

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Elecon Engineering Company Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
Pradip Manubhai Patel jointly with Trupti Pardip Patel Director	March-2026	Off Market (Acquisition) 30th Mar 2026	0.03 %	₹ 0.00	38.50 k	₹ 0.00
Pradip Manubhai Patel Director	March-2026	Off Market (Disposal) 30th Mar 2026	0.02 %	₹ 0.00	38.50 k	₹ 0.00
K. B. Investments Private Limited Promoter Group	February-2024	Market Sale (Disposal) 22nd Feb 2024	8.68 %	₹ 1,030.97	16.64 k	₹ 1.72 cr
NEHAL PRADIPKUMAR PATEL Connected Person	September-2023	Market Purchase (Acquisition) 1st Sep 2023	0.27 %	₹ 850.38	20.00 k	₹ 1.70 cr
UNNATI NIREN KULUR Connected Person	August-2023	Market Purchase (Acquisition) 18th Aug 2023	0.12 %	₹ 831.41	54.00	₹ 44.90 k
UNNATI NIREN KULUR Connected Person	August-2023	Market Purchase (Acquisition) 18th Aug 2023	0.09 %	₹ 833.62	25.95 k	₹ 2.16 cr
NEHAL PRADIPKUMAR PATEL Connected Person	August-2023	Market Purchase (Acquisition) 18th Aug 2023	0.27 %	₹ 833.85	3.50 k	₹ 29.18 lac
NEHAL PRADIPKUMAR PATEL Connected Person	June-2023	Market Purchase (Acquisition) 30th Jun 2023	0.21 %	₹ 586.38	60.00 k	₹ 3.52 cr
UNNATI NIREN KULUR Connected Person	June-2023	Market Purchase (Acquisition) 30th Jun 2023	0.05 %	₹ 576.21	51.73 k	₹ 2.98 cr
K. B. Investments Private Limited Promoter Group	September-2022	Market Purchase (Acquisition) 29th Sep 2022	8.66 %	₹ 333.64	29.00 k	₹ 96.76 lac

Corporate Actions

History of Elecon Engineering Company Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 1.50/share
Record date: 12th Jun 2026Ex-date: 12th Jun 2026
Announced on: 15th Apr 2026
Dividend₹ 0.50/share
Record date: 16th Oct 2025Ex-date: 16th Oct 2025
Announced on: 10th Oct 2025
Dividend₹ 1.50/share
Record date: 13th Jun 2025Ex-date: 13th Jun 2025
Announced on: 24th Apr 2025
Dividend₹ 0.50/share
Record date: 28th Oct 2024Ex-date: 28th Oct 2024
Announced on: 7th Oct 2024
Stock Split1 : 2
Ex-date: 19th Jul 2024Announced on: 19th Apr 2024
Nominal value change form INR 2 to INR 1.

Company Profile

Overview of Elecon Engineering Company Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

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: Trans...

Key personnel

Mr. Chintan Jashvantlal Shah

Chief Financial Officer

Smt. Bhartiben Lalitkumar Isarani

Compliance Officer, Company Secretary

Shri. Prayasvin B. PatelD

Executive Non-Independent Chairman of the Board, Managing Director

Shri. Aayush Alkesh ShahD

Executive Director

Shri. Prashantbhai Chandrakant AminD

Non-Executive Non-Independent Director

Shri. Pradip Manubhai PatelD

Non-Executive Non-Independent Director

Shri. Pranav Chirayu AminD

Non-Executive Independent Director

Shri. Nirmal Pratap BhogilalD

Non-Executive Independent Director

View all

Incorporated on

11 Jan 1960

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

939

IPO date

07 Dec 1992

Free Float

8,26,67,137

Website

https://www.elecon.com/

Phone no.

+912692238701

Address

Anand Sojitra Road, VALLABH VIDYANAGAR, 388120, India

Frequently Asked Questions

What is the current share price of Elecon Engineering Company Ltd.?

The current share price of Elecon Engineering Company Ltd. is ₹ 486.75 as of 14 Oct 2026.

What is the market capitalisation of Elecon Engineering Company Ltd.?

The market capitalisation of Elecon Engineering Company Ltd. stands at ₹ 10,922.70 Cr.

What is the PE ratio of Elecon Engineering Company Ltd.?

The Price-to-Earnings (PE) ratio of Elecon Engineering Company Ltd. is 46.27 as of the latest trailing twelve months data.

What is the ROE and ROCE of Elecon Engineering Company Ltd.?

Elecon Engineering Company Ltd. has a Return on Equity (ROE) of 15.85% and a Return on Capital Employed (ROCE) of 17.71% as per the latest financial reports.

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

The 52-week high of Elecon Engineering Company Ltd. is - and the 52-week low is -.

What is the dividend yield of Elecon Engineering Company Ltd.?

The dividend yield of Elecon Engineering Company Ltd. is 0.41% based on the current market price.

What is the FII and DII holding in Elecon Engineering Company Ltd.?

Foreign Institutional Investors (FII) hold 6.92%, Domestic Institutional Investors (DII) hold 6.91% and retail/public investors hold 25.38% of Elecon Engineering Company Ltd. shares.

What sector does Elecon Engineering Company Ltd. belong to?

Elecon Engineering Company Ltd. operates in the Capital Goods sector.

What is the beta of Elecon Engineering Company Ltd.?

The beta of Elecon Engineering Company Ltd. is 1.56, indicating its price volatility relative to the broader market. Over the past 1 year, Elecon Engineering Company Ltd. has delivered an absolute return of -21.48%.

What is the RSI of Elecon Engineering Company Ltd.?

The 14-day Relative Strength Index (RSI) of Elecon Engineering Company Ltd. is 63.28, placing it approaching overbought territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

Elecon Engineering Company Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Elecon Engineering Company Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Company Profile

Stock Analysis

Corporate Actions

Holdings and Presence