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Eimco Elecon (India) Ltd (EIMCOELECO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523708 NSE: EIMCOELECO Engineering - Industrial Equipments | Small Cap | Eimco Elecon (India) Share Price

₹1,839.95 -13.20 (-0.71%)

As on 02-Jul'26 16:59

Eimco Elecon (India) Ltd (EIMCOELECO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523708 NSE: EIMCOELECO Engineering - Industrial Equipments | Small Cap | Eimco Elecon (India) Share Price

₹1,839.95 -13.20 (-0.71%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,061 Cr.
Current Price
₹1,840
52-Week Low / High
₹1,414 / 3,001
TTM EPS
₹67.1
TTM Sales
₹231 Cr.
Book Value per Share
₹810.5
P/E Ratio
27.42
Higher than its 5-year historical median
Industry PE
59.3
Price to Book (P/B)
2.27
Higher than its 5-year historical median
Price to Sales (P/S)
4.60
Higher than its 5-year historical median
EV/EBITDA
17.73
Higher than its 5-year historical median
Dividend Yield
0.22%
Profitability Efficiency
Return on Equity (ROE)
8.61%
Underperforms industry median
Return on Capital Employed (ROCE)
11.35%
Underperforms industry median
Return on Assets (ROA)
7.47%
Operating Profit Margin
18.6%
Net Profit Margin
16.78%
Gross Profit Margin
25.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-6.38%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-22.87%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-20.85%
Asset Quality
Promoter Holding
48.96%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹462 Cr.
Equity
₹5.8 Cr.
Face Value
₹10
All Time Low / High
₹31.00 / 3465.00

Eimco Elecon (India) stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Eimco Elecon (India) Ltd a good quality company?
Eimco Elecon (India) Ltd is a weak quality company, based on a inconsistent 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 Eimco Elecon (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Eimco Elecon (India) Ltd vs industry peers?
Eimco Elecon (India) Ltd revenue CAGR is 17.96%, 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 Eimco Elecon (India) Ltd?
Promoters hold 48.96% of the Eimco Elecon (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Eimco Elecon (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.1% based on the current price.

10 Year X-Ray :

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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 11.3%7%10.2%3.4%4.6%3.2%8%13.9%16.2%11.4%-
Value Creation
Index
-0.2-0.5-0.3-0.8-0.7-0.8-0.40.00.2-0.2-

Growth Parameters

Sales 17114018510812684.4173228246231231
Sales YoY Gr.--18.2%31.9%-41.6%16.9%-33.1%104.5%31.7%8.3%-6.4%-
Adj EPS 33.822.430.15.519.910.835.468.382.361.567.1
YoY Gr.--34%34.8%-81.6%258.5%-45.8%228.8%92.9%20.5%-25.3%-
BVPS (₹) 482.7505.5539.8547.6562.1571.5604.8669.5748.8810.5810.5
Adj Net
Profit
19.512.917.43.211.56.220.439.447.435.539
Cash Flow from Ops. 191010.111.42.6-9.96.711.633.322.1-
Debt/CF from Ops. 00.10.20.10.300000.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.4%12.8%10.1%-6.4%
Adj EPS 6.9%25.4%20.2%-25.3%
BVPS5.9%7.6%10.3%8.2%
Share Price 17% 32.5% 44.5% -29.6%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
7.34.55.813.61.9610.711.67.98.3
Op. Profit
Mgn %
12.910.813.75.88.97.114.117.422.618.618.6
Net Profit
Mgn %
11.49.29.439.17.411.817.319.315.416.8
Debt to
Equity
00000000000
Working Cap
Days
288331255430379632320281299360211
Cash Conv.
Cycle
121177144241205384209203231251167

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales17114018510812684173228246231
Operating Expenses + 14912516010211579148188191188
Manufacturing Costs877771011121515
Material Costs89721005567379011610699
Employee Cost 15151613111215181922
Other Costs 37313827312032435052
Operating Profit 221525611624395643
Operating Profit Margin (%) 12.8%10.7%13.5%5.4%8.6%7.0%14.1%17.3%22.6%18.6%
Other Income + 13101111111310191917
Exceptional Items 0000000000
Interest 0111101111
Depreciation 5556788789
Profit Before Tax 30193010141026506650
Tax 5371316101712
Profit After Tax 251623911921404939
PAT Margin (%) 14.7%11.7%12.6%8.7%8.9%10.1%12.1%17.8%19.8%16.8%
Adjusted EPS (₹)43.528.540.316.319.514.836.270.184.867.1
Dividend Payout Ratio (%)11.50%17.50%17.40%30.70%25.60%16.90%13.80%7.10%5.90%6%

Valuation of Eimco Elecon (India) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 278292311316324330349386432468
Share Capital 6666666666
Reserves 273286306310318324343380426462
Debt +0111100003
Long Term Debt0111100000
Short Term Debt0000000003
Minority Interest0000000000
Trade Payables14242017191718251618
Others Liabilities 53333736474327505446
Total Liabilities 345350369370392390394461502534

Fixed Assets

Net Fixed Assets +64737175847873716873
Gross Block101115118127143142142138136141
Accumulated Depreciation38424752596469686968
CWIP 01911001012
Investments 147146153156158153165180226205
Inventories3439405337717986112109
Trade Receivables49606131613953946872
Cash Equivalents 24471033821
Others Assets 49273238424521232473
Total Assets 345350369370392390394461502534

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 191010113-107123322
PBT 30193010141026506650
Adjustment -5-3-5-44-3-0-9-8-7
Changes in Working Capital -1-1-1011-13-14-15-21-11-11
Tax Paid -5-5-5-6-3-2-4-8-14-10
Cash Flow From Investing Activity + -15-5-8-338-5-2-36-22
Capex -4-14-11-10-5-2-3-5-6-59
Net Investments -1552688-6-1-3432
Others 4311125345
Cash Flow From Financing Activity + -3-3-3-5-3-5-2-4-4-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 011-0000000
Interest Paid -0-0-0-0-1-0-1-1-1-1
Dividend Paid -3-3-3-4-3-3-1-3-3-3
Others -1-1-1-1-0-1-0-0-02
Net Cash Flow 12-033-6-05-6-1

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.375.777.733.522.616.151111.968.61
ROCE (%)11.27710.243.44.643.157.9613.8516.1711.35
Asset Turnover Ratio0.530.410.510.290.330.220.440.530.510.45
PAT to CFO Conversion(x)0.760.630.431.220.27-1.110.330.30.670.56
Working Capital Days
Receivable Days99.10140119.40154.80133.60217.4097.20117.60120.10111.50
Inventory Days70.8094.3078.50157.10130.10233.70158.20132146.80174.70
Payable Days74.9097.4081.10122.2099.80180.3071.5068.7071.7062.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Eimco Elecon (India) Ltd FAQs

The current trading price of Eimco Elecon (India) on 02-Jul-2026 16:59 is ₹1,840.

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 01-Jul-2026 the market cap of Eimco Elecon (India) stood at ₹1,061.4 Cr

The latest P/E ratio of Eimco Elecon (India) as of 01-Jul-2026 is 27.42.

The latest P/B ratio of Eimco Elecon (India) as of 01-Jul-2026 is 2.27.

The 52-week high of Eimco Elecon (India) is ₹3,001.1 and the 52-week low is ₹1,413.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eimco Elecon (India) is ₹231 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Eimco Elecon (India) Ltd is a below average quality company.

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.

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

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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