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Eimco Elecon (India) Ltd. Stock Analysis

Small Cap
Evaluated by 330 users | BSE: 523708 | NSE: EIMCOELECO |
Engineering - Industrial Equipments
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.36%9.6%9.46%10.82%10.37%6.53%7.39%4.65%5.87%1.13%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 186178172193196140171140185108
Y-o-Y Gr. Rt.--4.1%-3.6%12.7%1.6%-28.7%22.3%-18.2%31.9%-41.6%
Adjusted EPS (Rs.) 21.924.1426.3533.1734.7225.7733.8422.3530.125.54
Y-o-Y Gr. Rt.-10.2%9.2%25.9%4.7%-25.8%31.3%-34%34.8%-81.6%
Book Value per Share (Rs.) 242.53273.13294.68324.96355.18445.51482.74505.51539.79547.64
Adjusted Net Profit 12.613.915.219.12014.919.512.917.43.2
Net Op. Cash Flow (Rs. Cr.) 17.947.51311.919.142.3191010.111.4
Debt to Cash Flow from Ops 00000000.060.160.11
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Eimco Elecon (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -5.9%-11.3%-14.3%-41.6%
Adjusted EPS -14.2%-30.7%-45.3%-81.6%
Book Value per Share 9.59.14.31.5
Share Price 6.4% -8.3% -20.1% 2.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 9.399.369.2810.7110.216.447.294.525.761.02
Operating Profit Margin (%) 13.3811.0412.815.091516.212.8610.7813.685.77
Net Profit Margin (%) 6.817.838.869.910.210.6211.49.29.42.96
Debt to Equity 000000000.010
Working Capital Days 295233218216234361288331255430
Cash Conversion Cycle 178163154149154175121177144241
Entity Percentage Holding
Promoters 74.06%
Non-Institutions 25.94%
Pledged *13.4813.4813.4813.4813.4813.4815.8215.8215.8215.82
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Eimco Elecon (India) Ltd.'s performance infers:

Eimco Elecon (India) Ltd. earnings have declined by -30.7%, whereas share price has depreciated -8.3% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Eimco Elecon (India) Ltd. share prices over the last 10 years. Here is what we found out:

Eimco Elecon (India) Ltd. share price has depreciated -0.2% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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