Eimco Elecon (India) Ltd - Stock Valuation and Financial Performance

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

Eimco Elecon (India) Share Price

1,522.10 0.45 0.03%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Eimco Elecon (India)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Eimco Elecon (India) stock performance -

mw4me loader
P/E Ratio (SA):
24.84
Market Cap:
877.8 Cr.
52-wk low:
333.1
52-wk high:
1,899

Is Eimco Elecon (India) Ltd an attractive stock to invest in?

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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
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

Sales 19319614017114018510812684.4173207
Sales YoY Gr.-1.6%-28.7%22.3%-18.2%31.9%-41.6%16.9%-33.1%104.5%-
Adj EPS 33.234.725.833.822.430.15.519.910.835.461.3
YoY Gr.-4.7%-25.8%31.3%-34%34.8%-81.6%258.5%-45.8%228.8%-
BVPS (₹) 325355.2445.5482.7505.5539.8547.6562.1571.5604.8644.1
Adj Net
Profit
19.12014.919.512.917.43.211.56.220.435
Cash Flow from Ops. 11.919.142.3191010.111.42.6-9.96.7-
Debt/CF from Ops. 00000.10.20.10.300-

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%
BVPS7.2%3.7%3.4%5.8%
Share Price 21.6% 31.7% 65.1% 351.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.710.26.47.34.55.813.61.969.8
Op. Profit
Mgn %
15.11516.212.910.813.75.88.97.114.117.7
Net Profit
Mgn %
9.910.210.611.49.29.439.17.411.817.1
Debt to
Equity
0000000000-
Working Cap
Days
216234361288331255430379632320123
Cash Conv.
Cycle
14915417512117714424120538420997

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.80%

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 43.61%

No data to display

Latest Financials - Eimco Elecon (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 61.3 58.1
TTM Sales (₹ Cr.) 207 207
BVPS (₹.) 644.1 644.1
Reserves (₹ Cr.) 366 366
P/BV 2.36 2.36
PE 24.84 26.18
From the Market
52 Week Low / High (₹) 333.10 / 1899.00
All Time Low / High (₹) 31.00 / 1899.00
Market Cap (₹ Cr.) 878
Equity (₹ Cr.) 5.8
Face Value (₹) 10
Industry PE 45.7

Management X-Ray of Eimco Elecon (India):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *15.8215.824.684.684.684.684.680.000.000.00
* 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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales19319614017114018510812684173
Operating Expenses 16416711714912516010211579148
Manufacturing Costs11146877771011
Material Costs10810866897210055673790
Employee Cost 10121415151613111215
Other Costs 35343137313827312032
Operating Profit 292923221525611624
Operating Profit Margin (%) 15.0%15.0%16.2%12.8%10.7%13.5%5.4%8.6%7.0%14.1%
Other Income 45813101111111310
Interest 0000111101
Depreciation 5465556788
Exceptional Items 0000000000
Profit Before Tax 28302430193010141026
Tax 8965371316
Profit After Tax 202217251623911921
PAT Margin (%) 10.4%11.0%12.5%14.7%11.7%12.6%8.7%8.9%10.1%12.1%
Adjusted EPS (₹)35.037.330.343.528.540.316.319.514.836.2
Dividend Payout Ratio (%)11%13%17%11%18%17%31%26%17%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 187205257278292311316324330349
Share Capital 6666666666
Reserves 182199251273286306310318324343
Minority Interest0000000000
Debt0000111100
Long Term Debt0000111100
Short Term Debt0000000000
Trade Payables24272314242017191718
Others Liabilities 13117353333736474327
Total Liabilities 225243353345350369370392390394

Fixed Assets

Gross Block85101101101115118127143142142
Accumulated Depreciation69733638424752596469
Net Fixed Assets17286564737175847873
CWIP 10001911001
Investments 7175126147146153156158153165
Inventories25313834394053377179
Trade Receivables96885249606131613953
Cash Equivalents 44224471033
Others Assets11167149273238424521
Total Assets 225243353345350369370392390394

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 121942191010113-107
PBT 28302430193010141026
Adjustment 200-5-3-5-44-32
Changes in Working Capital -9-224-1-1-1011-13-14-17
Tax Paid -9-9-5-5-5-5-6-3-2-4
Cash Flow From Investing Activity -9-16-42-15-5-8-338-5
Capex -4-16-5-4-14-11-10-5-2-3
Net Investments -7-2-39-1552688-6
Others 2234311125
Cash Flow From Financing Activity -3-3-3-3-3-3-5-3-5-2
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000110000
Interest Paid 0000000-10-1
Dividend Paid -2-3-3-3-3-3-4-3-3-1
Others 00-1-1-1-1-10-10
Net Cash Flow 00-312033-60
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.2810.977.569.375.777.733.522.616.15
ROCE (%)15.8515.5610.3611.27710.243.44.643.157.95
Asset Turnover Ratio0.980.890.50.530.410.510.290.330.220.44
PAT to CFO Conversion(x)0.60.862.470.760.630.431.220.27-1.110.33
Working Capital Days
Receivable Days1281611719914011915513421797
Inventory Days714984719478157130234158
Payable Days688713975978112210018071

Eimco Elecon (India) Ltd Stock 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 28-Mar-2024 16:01 is ₹1,522.1.
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 28-Mar-2024 16:01 the market cap of Eimco Elecon (India) stood at ₹877.8.
The latest P/E ratio of Eimco Elecon (India) as of 28-Mar-2024 16:01 is 24.84.
The latest P/B ratio of Eimco Elecon (India) as of 28-Mar-2024 16:01 is 2.36.
The 52-week high of Eimco Elecon (India) is ₹1,899 and the 52-week low is ₹333.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eimco Elecon (India) is ₹207.4 ( 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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