MarketFriction

Eimco Elecon (India) Ltd

NSE EIMCOELECO · BSE 523708 · Industrial Products
₹2,268.80 -0.02%
NSE close2026-10-01
52 week range1,405.50 - 2,380.00
Market cap₹1,317 Cr.
P/E33.2
Results 13-10 Price band 20% Delivery 50.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales514884706746646833636778
Expenses384068555238465528515463
Operating Profit138171515818125131314
OPM %25%16%20%22%23%17%28%18%16%20%19%18%
Other Income4455634846-18
Interest000000000000
Depreciation222222222222
Profit before tax151019181982018716920
Tax %22%23%22%19%32%26%24%21%22%22%29%22%
Net Profit12815151361514513615
EPS in Rs20.4613.0925.7325.6222.6410.7325.7825.109.2721.7011.0326.66
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales14017114018510812684173228246231241
Expenses11714912515910211575148187190188196
Operating Profit2322152561192440564345
OPM %16%13%11%14%5%9%11%14%18%23%19%19%
Other Income8131011111191018181717
Interest001111001111
Depreciation655567887899
Profit before tax243019301014102650665052
Tax %26%16%15%24%8%21%14%21%19%25%23%
Net Profit1725162391192140493940
EPS in Rs30.2743.5028.5040.2516.3119.5214.7736.1870.0584.7967.1168.66
Dividend Payout %17%12%18%17%31%26%17%14%7%6%6%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%13%10%-1%
Compounded Profit Growth9%25%19%-19%
Stock Price CAGR19%41%36%31%
Return on Equity7%8%10%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital666666666666
Reserves199251273286306310318324343380426462
Borrowings000123201004
Other Liabilities394032433732413237645652
Total Liabilities244297311335350350367362387450488524
Fixed Assets286568777478878176737075
CWIP0001911001012
Investments75126143142149153155153165180226205
Other Assets141106100115117109125128146197191243
Total Assets244297311335350350367362387450488524
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1942191010113-107123322
Cash from Investing Activity-16-42-15-5-8-338-5-2-36-22
Cash from Financing Activity-3-3-3-3-3-5-3-5-2-4-4-1
Net Cash Flow0-312-033-6-05-6-1
Free Cash Flow43715-4-12-3-124727-37
CFO/OP95%209%108%97%61%289%51%-84%45%49%83%75%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days164135104157120104178169112150101115
Inventory Days105211139199147349204705320270387400
Days Payable93128561247311310616874805665
Cash Conversion Cycle177218187232194340276706357341432450
Working Capital Days172181151189158245239427230207206229
ROCE %14%9%11%7%10%3%5%3%8%14%16%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.06%74.06%74.06%74.06%74.06%73.64%73.64%73.64%48.96%48.96%48.96%48.96%
FIIs0.00%0.00%0.20%0.10%0.10%0.28%0.45%0.21%0.60%3.39%3.10%3.25%
DIIs0.00%0.00%0.00%0.36%0.37%0.75%0.33%0.33%0.23%1.00%1.05%0.98%
Public25.94%25.95%25.74%25.47%25.47%25.32%25.58%25.82%50.22%46.65%46.89%46.81%
No. of Shareholders6,7648,9068,3489,93512,28112,75812,03412,02015,98918,20418,12217,825

Fundamentals

Market Cap₹ 1,317 Cr.
Current Price₹ 2,278
Stock P/E33.2
Book Value₹ 810
ROCE10.3 %
ROE7.81 %
Dividend Yield0.18 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-1%
Compounded Profit Growth (TTM)-19%
Standalone figures.
Valuation
Market capRs 1,309 Cr
Enterprise valueRs 1,312 Cr
P/E (TTM)33.04x
Price to book2.80x
Price to sales5.44x
EV / EBITDA21.31x
EV / EBIT24.96x
EV / sales5.45x
Price to cash flow59.19x
Earnings yield3.03%
Dividend yield0.18%
P/E, 3-year average19.93x
P/B, 3-year average1.98x
P/E, 5-year average18.16x
P/B, 5-year average1.41x
Profitability
Operating margin (excl. other income)18.63%
Operating margin (incl. other income)25.99%
EBITDA margin25.58%
Pre-tax margin21.42%
Net profit margin16.46%
Net margin, latest quarter19.84%
ROE8.61%
ROCE11.33%
ROA7.65%
ROE, 3-year average10.52%
ROCE, 3-year average13.77%
ROA, 3-year average9.24%
ROE, 5-year average8.06%
ROCE, 5-year average10.48%
ROA, 5-year average7.13%
ROIC (approx.)8.58%
Tax rate23.11%
Other income / net worth3.64%
Growth
Sales growth (latest year)-6.38%
Profit growth (latest year)-20.85%
Sales CAGR, 3 years10.14%
Sales CAGR, 5 years12.84%
Profit CAGR, 3 years22.87%
Profit CAGR, 5 years28.01%
Sales growth QoQ15.91%
Profit growth QoQ141.82%
Sales growth YoY (latest quarter)14.73%
Profit growth YoY (latest quarter)6.22%
Per share
EPS (TTM)Rs 68.67
EPS (latest year)Rs 67.11
EPS (latest quarter)Rs 26.66
EPS, 3-year averageRs 73.98
EPS, 5-year averageRs 54.58
Book value per shareRs 810.47
Sales per shareRs 417.27
Cash flow per shareRs 38.33
Free cash flow per shareRs -64.14
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 4.66
Dividend per share, 5-year averageRs 4.30
Dividends
Dividend payout5.97%
Dividend payout, 3-year average6.33%
Dividend payout, 5-year average9.94%
Efficiency
Asset turnover0.44x
Fixed asset turnover3.08x
Inventory turnover1.08x
Inventory days337 days
Debtor days115 days
Debtors turnover3.18x
Creditor days65 days
Cash conversion cycle450 days
Working capital days229 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 1 Cr
Net debtRs 4 Cr
Debt to equity0.01x
Net debt / EBITDA0.06x
Interest coverage52.05x
Current ratio (filing 2026-03-31)4.33x
Quick ratio (filing 2026-03-31)2.06x
Trade payables (filing 2026-03-31)Rs 18 Cr
Owners' fund to total sources89.19%
Debt to assets0.83%
Cash flow
Cash from Operating Activity (latest year)Rs 22 Cr
Cash from Investing Activity (latest year)Rs -22 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -37 Cr
FCFE (approx.: FCF + change in debt)Rs -33 Cr
Cash from ops / profit, 5 years0.41x
Sales to cash flow10.44x
Statement figures
Net sales (TTM)Rs 241 Cr
Net sales (latest year)Rs 231 Cr
Sales (latest quarter)Rs 78 Cr
Operating profit excl. other income (latest year)Rs 43 Cr
Operating profit (latest quarter)Rs 14 Cr
Other income (TTM)Rs 17 Cr
EBITDA (TTM)Rs 62 Cr
PBDT (TTM)Rs 61 Cr
Profit before tax (TTM)Rs 52 Cr
Tax (latest year)Rs 12 Cr
Net profit (TTM)Rs 40 Cr
Net profit (latest year)Rs 39 Cr
Net profit (latest quarter)Rs 15 Cr
Depreciation (TTM)Rs 9 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 118 Cr
Total expenditure (latest year)Rs 188 Cr
Total income (latest year)Rs 248 Cr
Share capitalRs 6 Cr
ReservesRs 462 Cr
Shareholders' fundsRs 468 Cr
Total assetsRs 524 Cr
Net blockRs 75 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 205 Cr
ReceivablesRs 72 Cr
InventoryRs 109 Cr
Other liabilitiesRs 52 Cr
Shares outstanding (crore)0.58
Ownership
Promoter holding48.96% (-24.68 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 33.0 is at the 84th percentile of its own 9.4-year range (median 20.4, low 4.8, high 61.8).
P/B 2.80 is at the 86th percentile (median 0.81).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodEIMCOELECONifty 50Difference
1 week-1.5%-2.8% +1.2 pts
1 month+3.4%-6.8% +10.2 pts
3 months+22.9%-7.6% +30.6 pts
6 months+58.8%+0.4% +58.4 pts
1 year+25.3%-9.9% +35.2 pts
2 years-18.2%-13.6% -4.7 pts
3 years+151.8%+14.2% +137.6 pts
5 years+483.9%+27.9% +456.0 pts

Red flags

F-score 3 of 8
explainDebt up, profit down Borrowings up 3246% while net profit fell in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹78 Cr +14.7% vs Jun 2025. Net profit ₹15 Cr +7.1%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-12Dividend - Rs 4 Per Share
2025-06-13Dividend - Rs 5 Per Share
2024-06-14Annual General Meeting/Dividend - Rs 5 Per Share
2023-06-16Annual General Meeting/Dividend - Rs 5 Per Share
2022-06-16Annual General Meeting/Dividend - Rs 2.5 Per Share
2021-07-22 Annual General Meeting/Dividend - Rs 5 Per Share
2020-07-31 Annual General Meeting/Dividend - Rs 5 Per Share
2019-07-17 Annual General Meeting/Dividend - Rs 7 Per Share
2018-07-23 Dividend- Rs 5 Per Share
2017-07-25 Dividend - Rs.5 Per Share
2016-07-15 Dividend - Rs 5/- Per Share
2015-08-03Annual General Meeting/ Dividend - Rs 5/- Per Share
2014-07-25Annual General Meeting / Final Dividend Rs.4/- Per Equity Share
2013-07-18Annual General Meeting / Final Dividend Rs.4/- Per Equity Share
2012-07-18Annual General Meeting/Dividend Rs 4 Per Share
2011-07-15Dividend-Rs.4/- Per Share
2010-06-29Dividend-Rs.4/- Per Share
2009-06-29Agm/Div-Rs.4/- Per Share
2008-07-11Agm/Dividend - 40%
2007-07-03Agm/Dividend-35%
2006-08-16Dividend-35%
DateTypeWhat it says
2026-08-18Credit RatingCredit Rating
2026-07-09Board meeting outcomeEimco Elecon (India) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-26Shareholder meetingVoting results.
2026-06-25UpdatesChairmans Statement.
2026-06-25Shareholder meetingProceedings of Annual General Meeting held on Jun 25, 2026
2026-06-02Shareholder meetingNotice of Annual General Meeting to be held on Jun 25, 2026
2026-06-01Disclosure under SEBI TakeovEimco Elecon (India) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-05-20Record DateRecord date for the purpose of Dividend is 12-Jun-2026.
2026-05-20UpdatesBook Closure for 52nd Annual General Meeting.
2026-05-20UpdatesIntimation of 52nd Annual General Meeting (AGM) scheduled to be held on Thursday, 25th June, 2026 through Video Conference (VC) / Other Audio Visual M...
2026-05-20UpdatesCommunication of deduction of tax at source on Dividend.
2026-05-13UpdatesIntimation to shareholders relating to Transfer of Equity Shares to the Investor Education and Protection Fund (IEPF) Account.
2026-04-20UpdatesUpdate on Acquisition of Land Execution of Sale Deed(s).
2026-04-14Product launchProduct launch
2026-04-14Board meeting outcomeOutcome of Board Meeting held on April 14, 2026.
2026-04-14DividendBoard of Directors at its meeting held on April 14, 2026, recommended Final Dividend of Rs. 4 per equity share.
2026-04-14Board meeting outcomeEimco Elecon (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-01-28UpdatesIntimation regarding Change in Corporate Identification Number (CIN) of the Company.
2026-01-08Board meeting outcomeOutcome of Board Meeting held on January 08, 2026.
2026-01-08Board meeting outcomeEimco Elecon (India) Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-12-31UpdatesEffecting of Reclassification of Tamrock Great Britain Holdings Limited from Promoter/Promoter Group Category to Public Category.
2025-12-29UpdatesIntimation regarding receipt of Approval of Member(s) for Reclassification of Members of Promoter Group from Promoter/Promoters Group Category to Publ...
2025-12-29Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2025-12-29Shareholder meetingVoting results.
2025-11-25Shareholder meetingNotice of Postal Ballot
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03