Is Eimco Elecon (India) Ltd (EIMCOELECO) 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 .

Is Eimco Elecon (India) Ltd (EIMCOELECO) 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 .

What is Eimco Elecon (India) Ltd (EIMCOELECO) share price return in the past 10 years?

Eimco Elecon (India) Ltd share price has appreciated 16.2% annually (CAGR) over the past ten years.

Is Eimco Elecon (India) Ltd (EIMCOELECO) 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.

What is the share price of Eimco Elecon (India) Ltd (EIMCOELECO)?

Company share prices are keep on changing according to the market conditions. The current trading price of Eimco Elecon (India) Ltd (EIMCOELECO) on 11-May-2026 11:09:00 at 11:09 is 1555.95.

What is the market cap of Eimco Elecon (India) Ltd (EIMCOELECO)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-May-2026 at 11:09, the market cap of Eimco Elecon (India) stood at Rs. 907.42 Cr.

What is the P/E ratio of Eimco Elecon (India)?

The latest standalone P/E ratio of Eimco Elecon (India) as of 11-May-2026 is 23.44.

What is the P/B ratio of Eimco Elecon (India) Ltd (EIMCOELECO)?

The latest standalone P/B ratio of Eimco Elecon (India) Ltd (EIMCOELECO) as of 11-May-2026 is 1.94.

What is the 52-week high and low of Eimco Elecon (India) Ltd (EIMCOELECO)?

The 52-week high of Eimco Elecon (India) Ltd (EIMCOELECO) is Rs. 3001.10 and the 52-week low is Rs. 1413.70.

What is the TTM revenue of Eimco Elecon (India) Ltd (EIMCOELECO)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eimco Elecon (India) is Rs. 230.75 (Cr.).

Eimco Elecon (India) Ltd (EIMCOELECO) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Eimco Elecon (India) Ltd (EIMCOELECO)
Brand: Eimco Elecon (India)

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	10.4%	11.3%	7%	10.2%	3.4%	4.6%	3.2%	8%	13.9%	16.2%	-
Value Creation Index ⓘ	-0.3	-0.2	-0.5	-0.3	-0.8	-0.7	-0.8	-0.4	0.0	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	140	171	140	185	108	126	84.4	173	228	246	231
Sales YoY Gr.	-	22.3%	-18.2%	31.9%	-41.6%	16.9%	-33.1%	104.5%	31.7%	8.3%	-
Adj EPS ⓘ	25.8	33.8	22.4	30.1	5.5	19.9	10.8	35.4	68.3	82.3	67.1
YoY Gr.	-	31.3%	-34%	34.8%	-81.6%	258.5%	-45.8%	228.8%	92.9%	20.5%	-
BVPS (₹) ⓘ	445.5	482.7	505.5	539.8	547.6	562.1	571.5	604.8	669.5	748.8	810.5
Adj Net Profit ⓘ	14.9	19.5	12.9	17.4	3.2	11.5	6.2	20.4	39.4	47.4	39
Cash Flow from Ops. ⓘ	42.3	19	10	10.1	11.4	2.6	-9.9	6.7	11.6	33.3	-
Debt/CF from Ops. ⓘ	0	0	0.1	0.2	0.1	0.3	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.5%	18%	42.9%	8.3%
Adj EPS ⓘ	13.8%	71.5%	97%	20.5%
BVPSⓘ	5.9%	6.5%	9.4%	11.9%
Share Price	16.2%	33.4%	34.1%	-16.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	6.4	7.3	4.5	5.8	1	3.6	1.9	6	10.7	11.6	8.6
Op. Profit Mgn % ⓘ	16.2	12.9	10.8	13.7	5.8	8.9	7.1	14.1	17.4	22.6	18.6
Net Profit Mgn % ⓘ	10.6	11.4	9.2	9.4	3	9.1	7.4	11.8	17.3	19.3	16.8
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	361	288	331	255	430	379	632	320	281	299	211
Cash Conv. Cycle ⓘ	175	121	177	144	241	205	384	209	203	231	167

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 42.91%

Net Profit is growing at healthy rate in last 3 years 96.99%

Return on Equity has declined versus last 3 years average to 8.60%

Sales growth is not so good in last 4 quarters at -2.90%

	Standalone	Consolidated
TTM EPS (₹)	67.1	66.8
TTM Sales (₹ Cr.)	231	228
BVPS (₹) ⓘ	810.5	0
Reserves (₹ Cr.) ⓘ	462	380
P/BV ⓘ	1.94	0.00
PE ⓘ	23.44	23.54

From the Market
52 Week Low / High (₹)	1413.70 / 3001.10
All Time Low / High (₹)	31.00 / 3465.00
Market Cap (₹ Cr.)	907
Equity (₹ Cr.)	5.8
Face Value (₹)	10
Industry PE ⓘ	56.1

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	140	171	140	185	108	126	84	173	228	246
Operating Expenses ⓘ +	117	149	125	160	102	115	79	148	188	191
Manufacturing Costs	6	8	7	7	7	7	10	11	12	15
Material Costs	66	89	72	100	55	67	37	90	116	106
Employee Cost	14	15	15	16	13	11	12	15	18	19
Other Costs ⓘ	31	37	31	38	27	31	20	32	43	50
Operating Profit ⓘ	23	22	15	25	6	11	6	24	39	56
Operating Profit Margin (%)	16.2%	12.8%	10.7%	13.5%	5.4%	8.6%	7.0%	14.1%	17.3%	22.6%
Other Income ⓘ +	8	13	10	11	11	11	13	10	19	19
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	1	1	1	1	0	1	1	1
Depreciation ⓘ	6	5	5	5	6	7	8	8	7	8
Profit Before Tax ⓘ	24	30	19	30	10	14	10	26	50	66
Tax ⓘ	6	5	3	7	1	3	1	6	10	17
Profit After Tax	17	25	16	23	9	11	9	21	40	49
PAT Margin (%)	12.5%	14.7%	11.7%	12.6%	8.7%	8.9%	10.1%	12.1%	17.8%	19.8%
Adjusted EPS (₹)	30.3	43.5	28.5	40.3	16.3	19.5	14.8	36.2	70.1	84.8
Dividend Payout Ratio (%)	16.50%	11.50%	17.50%	17.40%	30.70%	25.60%	16.90%	13.80%	7.10%	5.90%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	257	278	292	311	316	324	330	349	386	432
Share Capital ⓘ	6	6	6	6	6	6	6	6	6	6
Reserves ⓘ	251	273	286	306	310	318	324	343	380	426
Debt +	0	0	1	1	1	1	0	0	0	0
Long Term Debt	0	0	1	1	1	1	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	23	14	24	20	17	19	17	18	25	16
Others Liabilities ⓘ	73	53	33	37	36	47	43	27	50	54
Total Liabilities ⓘ	353	345	350	369	370	392	390	394	461	502
Fixed Assets
Net Fixed Assets ⓘ +	65	64	73	71	75	84	78	73	71	68
Gross Block	101	101	115	118	127	143	142	142	138	136
Accumulated Depreciation	36	38	42	47	52	59	64	69	68	69
CWIP ⓘ	0	0	1	9	11	0	0	1	0	1
Investments ⓘ	126	147	146	153	156	158	153	165	180	226
Inventories	38	34	39	40	53	37	71	79	86	112
Trade Receivables	52	49	60	61	31	61	39	53	94	68
Cash Equivalents	2	2	4	4	7	10	3	3	8	2
Others Assets ⓘ	71	49	27	32	38	42	45	21	23	24
Total Assets ⓘ	353	345	350	369	370	392	390	394	461	502

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	42	19	10	10	11	3	-10	7	12	33
PBT ⓘ	24	30	19	30	10	14	10	26	50	66
Adjustment ⓘ	-0	-5	-3	-5	-4	4	-3	-0	-9	-8
Changes in Working Capital ⓘ	24	-1	-1	-10	11	-13	-14	-15	-21	-11
Tax Paid ⓘ	-5	-5	-5	-5	-6	-3	-2	-4	-8	-14
Cash Flow From Investing Activity ⓘ +	-42	-15	-5	-8	-3	3	8	-5	-2	-36
Capex	-5	-4	-14	-11	-10	-5	-2	-3	-5	-6
Net Investments	-39	-15	5	2	6	8	8	-6	-1	-34
Others ⓘ	3	4	3	1	1	1	2	5	3	4
Cash Flow From Financing Activity ⓘ +	-3	-3	-3	-3	-5	-3	-5	-2	-4	-4
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	1	1	-0	0	0	0	0	0
Interest Paid ⓘ	-0	-0	-0	-0	-0	-1	-0	-1	-1	-1
Dividend Paid ⓘ	-3	-3	-3	-3	-4	-3	-3	-1	-3	-3
Others ⓘ	-1	-1	-1	-1	-1	-0	-1	-0	-0	-0
Net Cash Flow ⓘ	-3	1	2	-0	3	3	-6	-0	5	-6

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	7.56	9.37	5.77	7.7	3	3.52	2.61	6.15	11	11.96
ROCE (%)	10.36	11.27	7	10.24	3.4	4.64	3.15	7.96	13.85	16.17
Asset Turnover Ratio	0.5	0.53	0.41	0.51	0.29	0.33	0.22	0.44	0.53	0.51
PAT to CFO Conversion(x)	2.47	0.76	0.63	0.43	1.22	0.27	-1.11	0.33	0.3	0.67
Working Capital Days
Receivable Days	171.10	99.10	140	119.40	154.80	133.60	217.40	97.20	117.60	120.10
Inventory Days	83.80	70.80	94.30	78.50	157.10	130.10	233.70	158.20	132	146.80
Payable Days	139.40	74.90	97.40	81.10	122.20	99.80	180.30	71.50	68.70	71.70

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.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Eimco Elecon (India) Ltd (EIMCOELECO) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Eimco Elecon (India) Share Price