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Capital Goods | Small Cap
Health Score : 8.03Elecon Engineering Company Ltd. presents a very strong financial profile, characterized by exceptional growth, profitability, and an extremely stable financial structure. The company's reliance on its own funds rather than debt is a significant strength, making it highly resilient to economic fluctuations. It has consistently expanded its revenues and profits at an impressive rate. However, there are areas for attention in its operational efficiency. The company appears to be slower in generating sales from its assets and in collecting payments from customers. The future outlook is positive, driven by strong growth and profitability, but is contrasted by the need to better utilize its growing asset base to maintain momentum.
Health Score : 8.03Elecon Engineering Company Ltd. presents a very strong financial profile, characterized by exceptional growth, profitability, and an extremely stable financial structure. The company's reliance on its own funds rather than debt is a significant strength, making it highly resilient to economic fluctuations. It has consistently expanded its revenues and profits at an impressive rate. However, there are areas for attention in its operational efficiency. The company appears to be slower in generating sales from its assets and in collecting payments from customers. The future outlook is positive, driven by strong growth and profitability, but is contrasted by the need to better utilize its growing asset base to maintain momentum.
Overall Valuation Score
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Price Movement Indicator
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P/E RATIO (TTM)
21.26
Industry Median
32.66
Small Cap Median
32.66
P/E RATIO
29.71
P/B RATIO
4.38
Industry Median
3.99
Small Cap Median
3.84
P/S RATIO
4.35
Industry Median
2.08
Small Cap Median
1.95
Others
PEG RATIO
0.00
EV/EBITDA RATIO
17.75
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹451.55 as on Aug 22, 2026.
Growth Score : 10.00The company is experiencing a period of outstanding expansion. It has demonstrated impressive growth across all key metrics, including sales, operating profit, and net income. This robust growth trajectory is a clear indicator of strong market demand for its products and effective corporate strategy. The significant increase in its asset base further supports this expansion, positioning the company for continued future growth.
Revenue Growth RateExcellentOperating Profit Growth RateExcellentEarnings Per Share (EPS) GrowthExcellentAsset Growth RateExcellentNet Income Growth RateExcellent| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 16.09 | 26.24 | 26.6 | 14.97 | 6.24 |
| Operating Profit Growth Rate | 35.48 | 35.32 | 39.3 | 14.32 | -3.68 |
| Earnings Per Share (EPS) Growth | 143.58 | 69.01 | 49.81 | 16.72 | -17.84 |
| Asset Growth Rate | -13.73 | 0.87 | 22.72 | 28.54 | 18.5 |
| Net Income Growth Rate | 141.38 | 70 | 49.58 | 16.57 | -17.83 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Kirloskar Oil Engines Ltd | 8.35 | 53.17 | Highly Overvalued | 1415.00 | 30.37 | 562.00 |
| 2 | Elecon Engineering Company Ltd | 8.03 | 29.71 | Neutral | 523.00 | 21.24 | 341.00 |
| 3 | LMW Ltd | 7.46 | 162.20 | Highly Overvalued | 169.00 | 144.08 | 131.00 |
| 4 | Azad Engineering Ltd | 7.41 | 137.89 | Highly Overvalued | 225.00 | 20.46 | 134.00 |
| 5 | Lloyds Engineering Works Ltd | 7.29 | 66.21 | Neutral | 189.00 | 0.80 | 198.00 |
| 6 | Dynamatic Technologies Ltd | 7.07 | 226.73 | Neutral | 183.00 | 65.48 | 32.00 |
| 7 | Praj Industries Ltd | 6.08 | 264.88 | Neutral | 152.00 | 6.55 | 24.00 |
| 8 | ISGEC Heavy Engineering Ltd | 5.77 | 50.99 | Neutral | 555.00 | 47.16 | 154.00 |
| 9 | GMM Pfaudler Ltd | 5.32 | 79.50 | Neutral | 403.00 | 13.19 | 52.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Concall Report⬤22nd Apr 26
Q4 FY26 Earnings Conference Call
NEUTRAL SENTIMENT
Quarterly Report⬤15th Apr 26
Standalone Financial Results Q4 & FY Ended Mar 31, 2026
UNDEFINED SENTIMENT
Concall Report⬤17th Jan 26
Q3 FY26 Earnings Conference Call
NEUTRAL SENTIMENT
Quarterly Report⬤10th Oct 25
Q2 Corporate Announcements 2025-2026
BULLISH SENTIMENT
No Stock News Available at This Moment.
Elecon Engineering is a leading Indian manufacturer of industrial gears, material handling equipment, and power transmission products. It provides solutions like gearboxes, conveyors, and mining equipment to diverse sectors such as power, cement, and steel. The company holds a strong market position in India's capital goods sector, known for its engineering expertise.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Elecon Engineering Company Ltd's P/E ratio (TTM) is 21.26, compared to the industry median of 32.66 and large cap median of 32.66.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Elecon Engineering Company Ltd's P/B ratio is 4.38, compared to the industry median of 3.99 and large cap median of 3.84.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Elecon Engineering Company Ltd's P/S ratio is 4.35, compared to the industry median of 2.08 and large cap median of 1.95.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Elecon Engineering Company Ltd's PEG ratio is 1.60.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Elecon Engineering Company Ltd's EV/EBITDA ratio is 17.75.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Elecon Engineering Company Ltd's ROE is 14.79%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Elecon Engineering Company Ltd's ROA is 16.17%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Elecon Engineering Company Ltd's ROCE is 21%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Elecon Engineering Company Ltd's operating margin is 22.10%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Elecon Engineering Company Ltd's net margin is 14.41%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Elecon Engineering Company Ltd's current ratio is 2.35.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Elecon Engineering Company Ltd's debt-to-equity ratio is 0.12.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Elecon Engineering Company Ltd's interest coverage ratio is 19.16.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Elecon Engineering Company Ltd's DPS is ₹1.98.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Elecon Engineering Company Ltd's EPS is -17.84.
(Source line: "Ratios as of 22 Aug 2026, based on last traded price of ₹451.55. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1951
Headquarters: Vallabh Vidyanagar, Gujarat
Core Offerings: Industrial Gears, Material Handling Equipment, Power Transmission Solutions, Mining Equipment
Stock Listing: NSE (ELECON), BSE (505700)
Promoter: Patel Family / Elecon Group
Elecon Engineering Company Limited was founded in 1951 by Mr. B. I. Patel, initially focusing on manufacturing conveyor systems. The company diversified into gear manufacturing in the 1960s and became a public limited company in 1976. Over the decades, Elecon has expanded its manufacturing capabilities and product range, establishing itself as a leader in industrial gears and material handling solutions, with a significant global presence today.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Gears | Approx 67% | Approx 23% PBT margin (FY24) |
| Material Handling Equipment (MHE) | Approx 33% | Approx 10% PBT margin (FY24) |
Gears Segment: Manufactures a comprehensive range of industrial gearboxes, including helical, bevel helical, worm, and planetary types. These are supplied to heavy industries like cement, sugar, power, steel, and marine applications, often providing custom-engineered solutions.
Material Handling Equipment (MHE) Segment: Designs, manufactures, supplies, and erects a variety of material handling equipment such as stackers, reclaimers, wagon tipplers, wagon loaders, and crushing equipment. These are primarily utilized in mining, port, power, and fertilizer industries for efficient bulk material movement.
Prayasvin B. Patel - Chairman & Managing Director. A visionary leader, he has been instrumental in Elecon's strategic growth, diversification, and technological advancements, steering the company's market expansion.
Power Build Limited
Elecon EPC Projects Limited
Radicon Transmission (Americas) Inc.
Elecon Geared Motors & Reducers Private Limited
No major recent corporate actions on record.
The Elecon Engineering Company Ltd share price today is ₹451.55 on NSE (ELECON), as of 23 Aug 2026.
As of 22 Aug 2026, Elecon Engineering Company Ltd share price is ₹451.55, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, Elecon Engineering Company Ltd's market cap is ₹10,286.31 crore (Mid Cap).
Elecon Engineering Company Ltd's current P/E ratio is 21.26, compared to the GENERAL INDUSTRIALS sector average of 55.
Elecon Engineering Company Ltd's current P/B ratio is 4.38.
Elecon Engineering Company Ltd's current dividend yield is 0.44%. Last dividend of ₹2.00 per share was declared on 21-May-2024.
Elecon Engineering Company Ltd's EPS (TTM) is ₹-17.84.
Elecon Engineering is a leading Indian manufacturer of industrial gears, material handling equipment, and power transmission products. It provides solutions like gearboxes, conveyors, and mining equipment to diverse sectors such as power, cement, and steel. The company holds a strong market position in India's capital goods sector, known for its engineering expertise.
Elecon Engineering Company Ltd is promoted by Patel Family / Elecon Group, holding 59.27% as of 22 Aug 2026.
Elecon Engineering Company Ltd is listed on NSE (ELECON) and BSE (505700). Its next quarterly results are expected on August 2024 (Q1 FY25).
Adjusted Earnings Per Share (Adjusted EPS)