What is Elecon Engineering Company Ltd (ELECON) share price return in the past 10 years?

Elecon Engineering Company Ltd share price has appreciated 33.2% annually (CAGR) over the past ten years.

What is the share price of Elecon Engineering Company Ltd (ELECON)?

Company share prices are keep on changing according to the market conditions. The current trading price of Elecon Engineering Company Ltd (ELECON) on 04-Jun-2026 16:59:59 at 16:59 is 506.95.

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

The latest standalone P/E ratio of Elecon Engineering Company as of 04-Jun-2026 is 23.86.

What is the P/B ratio of Elecon Engineering Company Ltd (ELECON)?

The latest standalone P/B ratio of Elecon Engineering Company Ltd (ELECON) as of 04-Jun-2026 is 5.55.

What is the 52-week high and low of Elecon Engineering Company Ltd (ELECON)?

The 52-week high of Elecon Engineering Company Ltd (ELECON) is Rs. 714.80 and the 52-week low is Rs. 352.00.

Elecon Engineering Company Ltd (ELECON) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Elecon Engineering Company Ltd (ELECON)
Brand: Elecon Engineering Company

Key Metrics

Valuation Multiples

Market Cap

₹11,376 Cr.

Current Price

₹507

52-Week Low / High

₹352 / 715

TTM EPS

₹21.2

TTM Sales

₹2,016 Cr.

Book Value per Share

₹91.3

P/E Ratio

23.86

Lower than its 5-year historical median

Industry PE

Price to Book (P/B)

5.55

In line with its 5-year historical median

Price to Sales (P/S)

5.64

In line with its 5-year historical median

EV/EBITDA

20.47

In line with its 5-year historical median

Dividend Yield

0.56%

Profitability Efficiency

Return on Equity (ROE)

25.75%

Outperforms industry median

Return on Capital Employed (ROCE)

32.86%

Outperforms industry median

Return on Assets (ROA)

18.48%

Operating Profit Margin

23.4%

Net Profit Margin

23.65%

Gross Profit Margin

26.1%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

7.75%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

0.97%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

40.19%

Asset Quality

Promoter Holding

59.27%

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

0.00%

Reserves

₹2,026 Cr.

Equity

₹22.4 Cr.

Face Value

₹1

All Time Low / High

₹0.23 / 738.85

Elecon Engineering Company stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is Elecon Engineering Company Ltd a good quality company?

Elecon Engineering Company Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Elecon Engineering Company Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Elecon Engineering Company Ltd vs industry peers?

Elecon Engineering Company Ltd revenue CAGR is 17.49%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Elecon Engineering Company Ltd?

Promoters hold 59.27% of the Elecon Engineering Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Elecon Engineering Company Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 32.5% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
ROCE % ⓘ	10.1%	6%	7.6%	6.1%	10.4%	15.2%	24.8%	34%	31%	32.9%	-
Value Creation Index ⓘ	-0.3	-0.6	-0.5	-0.6	-0.3	0.1	0.8	1.5	1.3	1.4	-
Growth Parameters ⓘ
Sales ⓘ	923	911	955	836	796	893	1,197	1,600	1,871	2,016	2,016
Sales YoY Gr.	-	-1.3%	4.9%	-12.5%	-4.7%	12.2%	34.1%	33.6%	17%	7.8%	-
Adj EPS ⓘ	1.1	0.3	0.5	3.2	1.6	4.4	8.3	13.2	15	16.3	21.2
YoY Gr.	-	-76.2%	112%	509.4%	-50.8%	178.6%	88.3%	58.8%	13.3%	8.6%	-
BVPS (₹) ⓘ	32.5	32.6	33	34.9	36.5	40.4	48.1	60.1	73.7	91.3	91.3
Adj Net Profit ⓘ	23.6	5.7	11.9	72.5	35.8	99.4	187	297	337	366	477
Cash Flow from Ops. ⓘ	196	106	71	170	220	178	294	227	279	281	-
Debt/CF from Ops. ⓘ	2.4	4.7	6.7	2.1	1	0.6	0	0	0	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.1%	20.4%	19%	7.8%
Adj EPS ⓘ	35.6%	59.3%	25%	8.6%
BVPSⓘ	12.2%	20.1%	23.8%	23.9%
Share Price	33.2%	52.1%	22.5%	-26.8%

Key Financial Parameters ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
Return on Equity % ⓘ	3.3	0.8	1.6	9.5	4.5	11.5	18.8	24.5	22.4	19.8	23.3
Op. Profit Mgn % ⓘ	18.4	12.1	8.6	9.7	8.9	20.5	23.1	25.9	25	23.4	23.6
Net Profit Mgn % ⓘ	2.6	0.6	1.2	8.7	4.5	11.1	15.6	18.6	18	18.1	23.6
Debt to Equity ⓘ	0.6	0.7	0.6	0.5	0.3	0.1	0	0	0	0	0
Working Cap Days ⓘ	368	399	408	466	449	329	187	139	146	165	119
Cash Conv. Cycle ⓘ	132	158	150	135	85	94	84	69	75	91	81

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Sales	923	911	955	836	796	893	1,197	1,600	1,871	2,016
Operating Expenses ⓘ +	757	801	874	758	725	715	922	1,186	1,404	1,544
Manufacturing Costs	172	222	226	156	89	110	150	191	207	212
Material Costs	383	402	424	379	363	418	548	711	894	972
Employee Cost	85	66	73	71	64	59	83	111	130	144
Other Costs ⓘ	118	111	151	152	210	129	140	174	173	216
Operating Profit ⓘ	166	110	81	77	71	178	275	414	467	472
Operating Profit Margin (%)	18.0%	12.1%	8.5%	9.2%	8.9%	19.9%	23.0%	25.9%	25.0%	23.4%
Other Income ⓘ +	8	11	55	38	85	17	22	40	49	79
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	149
Interest ⓘ	73	68	65	70	55	33	12	6	10	24
Depreciation ⓘ	48	48	44	44	42	38	39	41	51	91
Profit Before Tax ⓘ	52	5	28	1	58	124	246	406	456	585
Tax ⓘ	31	-3	16	-71	22	28	58	103	116	109
Profit After Tax	21	8	12	72	36	96	188	303	340	477
PAT Margin (%)	2.3%	0.9%	1.3%	8.7%	4.6%	10.7%	15.7%	19.0%	18.2%	23.7%
Adjusted EPS (₹)	0.9	0.4	0.5	3.2	1.6	4.3	8.4	13.5	15.2	21.2
Dividend Payout Ratio (%)	26.60%	27.80%	18.60%	0%	12.40%	16.50%	11.90%	11.10%	13.20%	9.40%

Valuation of Elecon Engg. - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Equity and Liabilities
Shareholders Fund +	729	731	740	782	819	908	1,079	1,348	1,653	2,049
Share Capital ⓘ	22	22	22	22	22	22	22	22	22	22
Reserves ⓘ	707	708	718	760	797	885	1,057	1,325	1,631	2,026
Debt +	422	457	451	335	206	94	0	0	3	0
Long Term Debt	91	145	217	131	116	20	0	0	0	0
Short Term Debt	331	313	234	204	90	74	0	0	3	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	360	370	342	458	362	214	152	155	231	235
Others Liabilities ⓘ	347	397	414	261	315	219	184	257	409	578
Total Liabilities ⓘ	1,859	1,955	1,947	1,836	1,702	1,435	1,416	1,760	2,297	2,861
Fixed Assets
Net Fixed Assets ⓘ +	756	713	677	628	588	563	580	598	737	850
Gross Block	888	892	899	882	881	836	874	928	1,112	1,302
Accumulated Depreciation	132	178	221	253	293	274	294	330	375	453
CWIP ⓘ	2	1	5	0	0	0	0	1	7	23
Investments ⓘ	128	160	160	119	119	119	138	342	544	854
Inventories	232	201	239	228	176	180	176	154	166	201
Trade Receivables	587	623	547	559	467	379	299	407	575	665
Cash Equivalents	6	33	8	25	51	39	136	116	164	103
Others Assets ⓘ	149	223	311	277	301	155	86	142	105	165
Total Assets ⓘ	1,859	1,955	1,947	1,836	1,702	1,435	1,416	1,760	2,297	2,861

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Cash Flow From Operating Activity ⓘ +	196	106	71	170	219	178	294	227	279	281
PBT ⓘ	52	5	28	1	58	124	246	406	456	585
Adjustment ⓘ	95	112	102	123	133	87	31	47	27	-92
Changes in Working Capital ⓘ	53	-12	-56	50	27	-5	81	-125	-84	-106
Tax Paid ⓘ	-4	1	-2	-3	1	-28	-64	-101	-120	-107
Cash Flow From Investing Activity ⓘ +	-26	-65	14	-13	-16	-4	-144	-177	-159	-173
Capex	-10	11	-13	-12	-3	-17	-44	-25	-63	-93
Net Investments	1	-79	19	-8	-19	10	-105	-202	-191	-160
Others ⓘ	-16	3	8	8	5	2	6	50	95	79
Cash Flow From Financing Activity ⓘ +	-185	-38	-89	-156	-193	-175	-140	-47	-55	-111
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	36	-23	-90	-18	-96	-20	0	0	0
Interest Paid ⓘ	-63	-66	-64	-68	-50	-34	-12	-6	-10	-4
Dividend Paid ⓘ	-14	-7	-3	-3	-0	-4	-16	-34	-34	-45
Others ⓘ	-107	-0	0	6	-124	-40	-93	-7	-11	-62
Net Cash Flow ⓘ	-15	4	-5	2	11	-2	10	3	65	-3

Financial Ratio

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Ratios
ROE (%)	2.9	1.11	1.64	9.51	4.53	11.06	18.94	24.98	22.66	25.75
ROCE (%)	10.13	6.02	7.59	6.09	10.37	15.23	24.75	33.98	31.04	32.86
Asset Turnover Ratio	0.52	0.48	0.49	0.44	0.45	0.57	0.84	1.01	0.92	0.78
PAT to CFO Conversion(x)	9.33	13.25	5.92	2.36	6.08	1.85	1.56	0.75	0.82	0.59
Working Capital Days
Receivable Days	228.20	240.10	223.40	241.50	235.20	172.90	103.50	80.50	95.70	112.30
Inventory Days	90.60	85.80	83.90	102	92.70	72.90	54.30	37.60	31.20	33.20
Payable Days	366.10	331.70	306.30	385.60	411.90	251.70	121.90	78.70	78.70	87.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Elecon Engineering Company Ltd FAQs

The current trading price of Elecon Engg. on 04-Jun-2026 16:59 is ₹506.9.

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 03-Jun-2026 the market cap of Elecon Engg. stood at ₹11,376 Cr

The latest P/E ratio of Elecon Engg. as of 03-Jun-2026 is 23.86.

The latest P/B ratio of Elecon Engg. as of 03-Jun-2026 is 5.55.

The 52-week high of Elecon Engg. is ₹714.8 and the 52-week low is ₹352.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elecon Engg. is ₹2,016 ( Cr.) .

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

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

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

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

Elecon Engineering Company Ltd (ELECON)

Elecon Engineering Company Ltd (ELECON)

Elecon Engineering Company stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Elecon Engg. - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Elecon Engineering Company Ltd FAQs

About Elecon Engineering Company Ltd

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Elecon Engineering Company Ltd (ELECON)

Elecon Engineering Company Ltd (ELECON)

Elecon Engineering Company stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Elecon Engg. - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Elecon Engineering Company Ltd FAQs

What is the share price of Elecon Engg.?

What is the market cap of Elecon Engg.?

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

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

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

What is the TTM revenue of Elecon Engg.?

Is Elecon Engineering Company Ltd a good quality company?

Is Elecon Engineering Company Ltd undervalued or overvalued?

Is Elecon Engineering Company Ltd a good buy now?

About Elecon Engineering Company Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.