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BSE: 523708 | NSE: EIMCOELECO | Engineering - Industrial Equipments | Small Cap
1. Is Eimco Elecon (India) Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Eimco Elecon (India) Ltd is a below average quality company.
2. Is Eimco Elecon (India) Ltd undervalued or overvalued?
The key valuation ratios of Eimco Elecon (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Eimco Elecon (India) Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Eimco Elecon (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 10.8% | 10.4% | 6.5% | 7.4% | 4.7% | 5.9% | 1.1% | 3.7% | 2% | 6.1% | - | ||
| Value Creation Index ⓘ | -0.2 | -0.3 | -0.5 | -0.5 | -0.7 | -0.6 | -0.9 | -0.7 | -0.9 | -0.6 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 193 | 196 | 140 | 171 | 140 | 185 | 108 | 126 | 84.4 | 173 | 197 | ||
| YoY Gr. Rt. % | - | 1.6% | -28.7% | 22.3% | -18.2% | 31.9% | -41.6% | 16.9% | -33.1% | 104.5% | - | ||
| Adj EPS ⓘ | 33.2 | 34.7 | 25.8 | 33.8 | 22.4 | 30.1 | 5.5 | 19.9 | 10.8 | 35.4 | 56.7 | ||
| YoY Gr. Rt. % | - | 4.7% | -25.8% | 31.3% | -34% | 34.8% | -81.6% | 258.5% | -45.8% | 228.8% | - | ||
| BVPS (₹) ⓘ | 325 | 355.2 | 445.5 | 482.7 | 505.5 | 539.8 | 547.6 | 562.1 | 571.5 | 604.8 | 631 | ||
| Adj Net Profit ⓘ | 19.1 | 20 | 14.9 | 19.5 | 12.9 | 17.4 | 3.2 | 11.5 | 6.2 | 20.4 | 33 | ||
| Cash Flow from Ops. ⓘ | 11.9 | 19.1 | 42.3 | 19 | 10 | 10.1 | 11.4 | 2.6 | -9.9 | 6.7 | - | ||
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0.1 | 0.2 | 0.1 | 0.3 | 0 | 0 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | -1.3% | 4.3% | 17% | 104.5% | ||||||||
| Adj EPS ⓘ | 0.7% | 9.6% | 85.5% | 228.8% | ||||||||
| BVPSⓘ | 7.2% | 3.7% | 3.4% | 5.8% | ||||||||
| Share Price | 28.9% | 34.6% | 73.5% | 316.3% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 10.7 | 10.2 | 6.4 | 7.3 | 4.5 | 5.8 | 1 | 3.6 | 1.9 | 6 | 9.2 | |
| Op. Profit Mgn % ⓘ | 15.1 | 15 | 16.2 | 12.9 | 10.8 | 13.7 | 5.8 | 8.9 | 7.1 | 14.1 | 17.6 | |
| Net Profit Mgn % ⓘ | 9.9 | 10.2 | 10.6 | 11.4 | 9.2 | 9.4 | 3 | 9.1 | 7.4 | 11.8 | 16.6 | |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Working Cap Days ⓘ | 216 | 234 | 361 | 288 | 331 | 255 | 430 | 379 | 632 | 320 | 290 | |
| Cash Conv. Cycle ⓘ | 149 | 154 | 175 | 121 | 177 | 144 | 241 | 205 | 384 | 209 | 232 | |
Return on Equity has increased versus last 3 years average to 9.20%
Sales growth is growing at healthy rate in last 3 years 16.97%
Net Profit is growing at healthy rate in last 3 years 85.53%
Sales growth is good in last 4 quarters at 54.02%
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| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 56.7 | 53.5 |
| TTM Sales (₹ Cr.) | 197 | 197 |
| BVPS (₹.) ⓘ | 631 | 631 |
| Reserves (₹ Cr.) ⓘ | 358 | 358 |
| P/BV ⓘ | 2.77 | 2.77 |
| PE ⓘ | 30.85 | 32.65 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 333.10 / 1748.15 |
| All Time Low / High (₹) | 31.00 / 1676.60 |
| Market Cap (₹ Cr.) | 1,008 |
| Equity (₹ Cr.) | 5.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| Pledged * | 15.82 | 15.82 | 15.82 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 0.00 | 0.00 |
Eimco Elecon (India) Limited was incorporated in 1974 as a joint venture of ELECON Group of India and Indian Public, it is in the business of manufacturing and marketing equipment for underground and opencast mines. Eimco Elecon (India) Limited was first to introduce the intermediate technology of Side Dump Loaders (SDLs), Load Haul Dumpers (LHDs) and Rocker Shovel Loaders in India to partially mechanize the underground coal and metalliferrous mines and continue to be market leader since then.
In order to maintain pace with demand for enhancement of productivity from mines, they also introduced Continuous Mining Technology, Face & Roof Drills, Coal Haulers, different models of LHDs / SDLs, etc. for underground mines and 160mm & 250mm self propelled crawler mounted blast hole drills for Opencast mines.
The company already produced more than 2550 Nos. of machines, which are working successfully at various mining and construction sites in India and abroad.It provides sales and after-sales-support through the net work of branch offices and parts depots across the country viz. Asansol, Bilaspur, Dhanbad, Kolkata, Nagpur, Secunderabad, Bangalore, Chennai, Jamshedpur, Mumbai and New Delhi.
Elecon group of companies continues to be market leader since its establishment in 1951, in manufacture of material handling Equipment & related projects in India and having diversified interests in Wagon tipplers, Reclaimers, Industrial Gear Boxes, Industrial Geared Motors, Industrial Electro Magnets, Wagon Loaders, Various Electronic Equipment, etc.
Eimco Elecon produces a wide range of underground mining machinery. Its range of products include Electro Hydraulic Side Dump Loaders, Load Haul Dumpers, Air Powered Rocker Showel Loaders, Coal Hauler and Low Profile Dump Trucks.
Eimco Elecon also manufactures Blasthole Drills, Hydraulic Cylinders and Air Motors. Besides we are the only distributors for BERCO undercarriage components in India.
Eimco Elecon is committed to provide the best equipment and technological solutions to clients engaged in the extraction of natural resources.
Clients of the company includes,Coal India Limited and Its Subsidiaries, Hindustan Zinc Limited, Hindustan Copper Limited, Uranium Corporation Of India Limited, Monnet Ispat & Energy Limited, Manganese Ore (India) Ltd, Andhra Pradesh Heavy M/c. Engg. Ltd,Hutti Gold Mines Co. Ltd, Mineral Exploration Corp. Ltd, Ferro Alloys Corp. Ltd, Aravali Construction Company (Pvt.) limited and Tata Iron & Steel Co. Ltd etc.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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