Eimco Elecon (India) Ltd Stock Analysis

BSE: 523708 | NSE: EIMCOELECO | Engineering - Industrial Equipments | Small Cap

BSE Share Price 29-Nov-2022 18:01
419.95 -3.95 (-0.93%)

DeciZen - Make an Informed Decision on Eimco Elecon (India)

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Eimco Elecon (India) Price Chart

P/E Ratio (SA) :
20.72
Market Cap :
244.5 Cr.
52-wk low :
298.4
52-wk high :
464
Bole Toh?

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 Somewhat overvalued zone.

3. Is Eimco Elecon (India) Ltd a good buy now?

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

10 Year X-Ray of Eimco Elecon (India):

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Eimco Elecon (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 9.5%10.8%10.4%6.5%7.4%4.7%5.9%1.1%3.7%2%-
Value Creation Index -0.3-0.2-0.3-0.5-0.5-0.7-0.6-0.9-0.7-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 17219319614017114018510812684.4129
YoY Gr. Rt. %-12.7%1.6%-28.7%22.3%-18.2%31.9%-41.6%16.9%-33.1%-
Adj EPS 26.433.234.725.833.822.430.15.519.910.820.5
YoY Gr. Rt. %-25.9%4.7%-25.8%31.3%-34%34.8%-81.6%258.5%-45.8%-
BVPS (₹) 294.7325355.2445.5482.7505.5539.8547.6562.1571.5579.7
Adj Net Profit 15.219.12014.919.512.917.43.211.56.212
Cash Flow from Ops. 1311.919.142.3191010.111.42.6-11.2-
Debt/CF from Ops. 000000.10.20.10.30-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -7.6%-13.2%-23%-33.1%
Adj EPS -9.5%-20.5%-29%-45.8%
BVPS 7.63.41.91.7
Share Price 7.1% -4.6% 10.5% 19.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 9.310.710.26.47.34.55.813.61.93.6
Op. Profit Mgn % 12.815.11516.212.910.813.75.88.97.19.8
Net Profit Mgn % 8.99.910.210.611.49.29.439.17.49.2
Debt to Equity 00000000000
Working Cap Days 218216234361288331255430379632446
Cash Conv. Cycle 154149154175121177144241205383390

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.60%

Sales growth is good in last 4 quarters at 82.24%

Sales growth has been subdued in last 3 years -22.97%

Net Profit has been subdued in last 3 years -29.04%

Latest Financials - Eimco Elecon (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 20.5 18.2
TTM Sales (₹ Cr.) 129 129
BVPS (₹.) 579.7 582.8
Reserves (₹ Cr.) 329 330
P/BV 0.73 0.73
PE 20.72 23.32
From the Market
52 Week Low / High (₹) 298.40 / 464.00
All Time Low / High (₹) 31.00 / 729.00
Market Cap (₹ Cr.) 245
Equity (₹ Cr.) 5.8
Face Value (₹) 10
Industry PE 21.8

Management X-Ray of Eimco Elecon (India) :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *15.8215.8215.8215.8215.8215.8215.824.684.684.68
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Eimco Elecon (India)

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Eimco Elecon (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Eimco Elecon (India) on 29-Nov-2022 18:01 is : 419.9.
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 29-Nov-2022 18:01 the market cap of Eimco Elecon (India) stood at ₹ 244.5.
The latest PE ratio of Eimco Elecon (India) as of 29-Nov-2022 18:01 is 20.72.
The latest PB ratio of Eimco Elecon (India) as of 29-Nov-2022 18:01 is 0.73
The 52-week high of Eimco Elecon (India) is ₹ 464.0 and the 52-week low is ₹ 298.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Eimco Elecon (India) is ₹ 129.0 ( Cr.) .

About Eimco Elecon (India) Ltd

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.

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