MarketFriction

Elecon Engineering Company Ltd

NSE ELECON · BSE 505700 · Heavy Electrical Equipment
₹440.00 -4.72%
NSE close2026-10-01
52 week range352.00 - 626.00
Market cap₹10,780 Cr.
P/E35.7
Results 14-10 Nifty 500Smallcap 250 Price band 20% Delivery 44.9%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales485474565392508529798491578552746521
Expenses366353429300396386602360452443588411
Operating Profit11912013592112143195130126109158109
OPM %24%25%24%24%22%27%24%27%22%20%21%21%
Other Income141116171417211081819-8422
Interest312223566768
Depreciation131313131316192525272730
Profit before tax11711713694111140192207113944093
Tax %24%23%24%22%21%23%24%15%22%23%85%24%
Net Profit899010473881081461758872670
EPS in Rs3.954.034.623.273.914.796.537.823.913.210.273.14
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2801,2021,1801,2251,0881,0441,2121,5301,9372,2272,3662,396
Expenses1,1051,0271,0551,0849478589601,1891,4631,6791,8431,894
Operating Profit176175126140142186252341475548523502
OPM %14%15%11%11%13%18%21%22%24%25%22%21%
Other Income291286998522506360-25
Interest83907574786038149132527
Depreciation62535348535249495161104109
Profit before tax60446882081171300465537454341
Tax %37%75%-33%21%-360%29%18%21%24%23%25%
Net Profit37117709058140238356415341236
EPS in Rs1.720.480.333.124.002.576.2610.5815.8518.5015.2010.53
Dividend Payout %32%52%30%3%0%8%11%9%9%11%13%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%18%16%3%
Compounded Profit Growth29%44%14%-33%
Stock Price CAGR32%42%8%-15%
Return on Equity15%20%21%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222222222222222222222
Reserves5146826876867468328971,0281,2571,5821,9762,283
Borrowings5526295835905484833351515270181273
Other Liabilities877870794857849792733513399449550655
Total Liabilities1,9642,2032,0872,1562,1652,1291,9881,7151,7302,1232,7293,234
Fixed Assets523898861834799799758739754769914930
CWIP4821500101723
Investments154949515453535477286496743
Other Assets1,4221,2481,1751,2701,3071,2771,1769218991,0671,3131,538
Total Assets1,9642,2032,0872,1562,1652,1291,9881,7151,7302,1232,7293,234
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity177121887087222248223309365425314
Cash from Investing Activity07-7-5140-25-1915-166-279-309-182
Cash from Financing Activity-168-5-134-64-118-176-210-250-145-58-67-122
Net Cash Flow91447-4492119-12-2274910
Free Cash Flow1771618052103209245209263339361218
CFO/OP113%25%111%55%67%160%133%101%110%100%101%81%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2362011912081772051771258284101111
Inventory Days187218203189206248188167142978698
Days Payable2783313262952594203191731008010094
Cash Conversion Cycle1458869102124334611912510287115
Working Capital Days66-11-2715038547175676374
ROCE %10%10%10%6%10%7%11%17%25%31%28%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters59.29%59.29%59.28%59.28%59.28%59.28%59.28%59.28%59.28%59.28%59.28%59.28%
FIIs4.88%5.96%7.58%9.10%9.84%9.73%8.65%9.61%8.31%8.09%7.13%6.99%
DIIs2.92%2.64%2.29%2.55%2.97%3.67%4.39%3.80%4.13%4.48%5.67%7.18%
Government0.00%0.00%0.00%0.00%0.01%0.03%0.03%0.04%0.04%0.04%0.04%0.04%
Public32.90%32.11%30.84%29.07%27.91%27.30%27.65%27.28%28.25%28.11%27.89%26.52%
No. of Shareholders81,53987,81693,0511,00,2951,10,5341,07,5491,11,0671,15,5011,26,3191,21,9391,22,5741,16,624

Fundamentals

Market Cap₹ 10,780 Cr.
Current Price₹ 480
Stock P/E35.7
Book Value₹ 103
ROCE20.9 %
ROE16.4 %
Dividend Yield0.42 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)-33%
Consolidated figures.
Valuation
Market capRs 9,874 Cr
Enterprise valueRs 9,934 Cr
P/E (TTM)41.83x
Price to book4.28x
Price to sales4.12x
EV / EBITDA20.83x
EV / EBIT27.04x
EV / sales4.15x
Price to cash flow31.42x
Earnings yield2.39%
Dividend yield0.45%
P/E, 3-year average20.86x
P/B, 3-year average3.94x
P/E, 5-year average15.47x
P/B, 5-year average2.85x
Profitability
Operating margin (excl. other income)22.12%
Operating margin (incl. other income)24.68%
EBITDA margin19.90%
Pre-tax margin14.21%
Net profit margin9.85%
Net margin, latest quarter13.51%
ROE15.85%
ROCE20.16%
ROA11.44%
ROE, 3-year average21.19%
ROCE, 3-year average26.76%
ROA, 3-year average15.67%
ROE, 5-year average19.64%
ROCE, 5-year average24.41%
ROA, 5-year average13.68%
ROIC (approx.)11.66%
Tax rate24.93%
Other income / net worth2.62%
Growth
Sales growth (latest year)6.25%
Profit growth (latest year)-17.82%
Sales CAGR, 3 years15.65%
Sales CAGR, 5 years17.77%
Profit CAGR, 3 years12.83%
Profit CAGR, 5 years42.71%
Sales growth QoQ-30.18%
Profit growth QoQ1072.50%
Sales growth YoY (latest quarter)6.11%
Profit growth YoY (latest quarter)-59.90%
Per share
EPS (TTM)Rs 10.52
EPS (latest year)Rs 15.20
EPS (latest quarter)Rs 3.13
EPS, 3-year averageRs 21.80
EPS, 5-year averageRs 19.82
Book value per shareRs 102.76
Sales per shareRs 106.78
Cash flow per shareRs 14.00
Free cash flow per shareRs 9.71
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 2.33
Dividend per share, 5-year averageRs 2.08
Dividends
Dividend payout13.16%
Dividend payout, 3-year average11.14%
Dividend payout, 5-year average10.81%
Efficiency
Asset turnover0.73x
Fixed asset turnover2.55x
Inventory turnover4.55x
Inventory days80 days
Debtor days111 days
Debtors turnover3.28x
Creditor days94 days
Cash conversion cycle115 days
Working capital days74 days
Leverage
Total debtRs 273 Cr
Cash and bankRs 213 Cr
Net debtRs 60 Cr
Debt to equity0.12x
Net debt / EBITDA0.13x
Interest coverage13.67x
Current ratio (filing 2026-03-31)2.94x
Quick ratio (filing 2026-03-31)2.48x
Trade payables (filing 2026-03-31)Rs 288 Cr
Owners' fund to total sources71.31%
Debt to assets8.43%
Cash flow
Cash from Operating Activity (latest year)Rs 314 Cr
Cash from Investing Activity (latest year)Rs -182 Cr
Cash from Financing Activity (latest year)Rs -122 Cr
Net Cash Flow (latest year)Rs 10 Cr
Free cash flow (latest year)Rs 218 Cr
FCFE (approx.: FCF + change in debt)Rs 309 Cr
Cash from ops / profit, 5 years1.10x
Sales to cash flow7.53x
Statement figures
Net sales (TTM)Rs 2,396 Cr
Net sales (latest year)Rs 2,366 Cr
Sales (latest quarter)Rs 521 Cr
Operating profit excl. other income (latest year)Rs 523 Cr
Operating profit (latest quarter)Rs 109 Cr
Other income (TTM)Rs -25 Cr
EBITDA (TTM)Rs 477 Cr
PBDT (TTM)Rs 450 Cr
Profit before tax (TTM)Rs 341 Cr
Tax (latest year)Rs 113 Cr
Net profit (TTM)Rs 236 Cr
Net profit (latest year)Rs 341 Cr
Net profit (latest quarter)Rs 70 Cr
Depreciation (TTM)Rs 109 Cr
Depreciation (latest quarter)Rs 30 Cr
Interest (TTM)Rs 27 Cr
Cost of goods sold (latest year)Rs 1,371 Cr
Total expenditure (latest year)Rs 1,843 Cr
Total income (latest year)Rs 2,427 Cr
Share capitalRs 22 Cr
ReservesRs 2,283 Cr
Shareholders' fundsRs 2,306 Cr
Total assetsRs 3,234 Cr
Net blockRs 930 Cr
Capital work in progressRs 23 Cr
InvestmentsRs 743 Cr
ReceivablesRs 721 Cr
InventoryRs 301 Cr
Other liabilitiesRs 655 Cr
Shares outstanding (crore)22.44
Ownership
Promoter holding59.28% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 41.8 is at the 69th percentile of its own 9.4-year range (median 33.6, low 2.8, high 107.4).
P/B 4.28 is at the 64th percentile (median 2.25).
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.
PeriodELECONNifty 50Difference
1 week-4.2%-2.8% -1.4 pts
1 month+6.7%-6.8% +13.5 pts
3 months-16.5%-7.6% -8.8 pts
6 months+24.0%+0.4% +23.6 pts
1 year-24.7%-9.9% -14.8 pts
2 years-33.1%-13.6% -19.6 pts
3 years+13.8%+14.2% -0.4 pts
5 years+422.8%+27.9% +394.9 pts
67 mutual fund schemes hold about ₹604 Cr. Over three months 10 bought more and 48 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Franklin India Small Cap Fund0.94%139 -10%
Edelweiss Mid Cap Fund0.31%62 -18%
Mahindra Manulife Mid Cap Fund1.06%57 +150%
Sundaram Small Cap Fund1.07%44 -14%
Sundaram Aggressive Hybrid Fund(M0.36%34 -4%
Sundaram Multi Cap Fund1.09%33 -12%
Sundaram Flexi Cap Fund1.20%24 -6%
Bajaj Finserv Small Cap Fund0.65%17 -23%
JM Flexi Cap Fund0.32%16 -10%
Sundaram ELSS Tax Saver Fund1.21%16 -8%
Edelweiss Flexi Cap Fund0.41%15 -13%
Edelweiss Multi Cap Fund0.40%14 -13%
Templeton India Value Fund0.70%14 -1%
Sundaram Multi Asset Allocation Fund0.35%12 -5%
Mahindra Manulife Value Fund0.99%10 +49%
LIC MF Small Cap Fund1.18%10 +4%
Mahindra Manulife Business Cycle Fund0.66%9 -10%
Groww Small Cap Fund1.14%9 +253%
Sundaram Infra Advantage Fund0.74%7 -5%
Groww Multicap Fund0.44%6 +100%
LIC MF Dividend Yield Fund0.82%6 +30%
LIC MF Dividend Yield Fund0.82%6 +30%
ITI Large & Mid Cap Fund0.80%6 -6%
Nippon India Nifty Smallcap 250 Index Fund0.16%6 -11%
ITI ELSS Tax Saver Fund1.19%6 +51%

Red flags

F-score 3 of 8
explainDebt up, profit down Borrowings up 50% while net profit fell in 2026
lookRegulator order or action Regulator order or action 2026-01-08: Elecon Engineering Company Limited has informed the Exchange about Action(s) taken or orders passed
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 ₹521 Cr +6.1% vs Jun 2025. Net profit ₹70 Cr -60.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-12Dividend - Rs 1.5 Per Share
2025-10-16Interim Dividend - Re 0.50 Per Share
2025-06-13Dividend - Rs 1.50 Per Share
2024-10-28Interim Dividend - Re 0.50 Per Share
2024-07-19Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share0.5000
2024-06-14Annual General Meeting/Dividend - Rs 2 Per Share
2023-10-31Interim Dividend - Re 1 Per Share
2023-06-09Annual General Meeting/Dividend - Rs 2 Per Share
2022-06-09Annual General Meeting/Final Dividend- Re 1 Per Share/Special Dividend- Rs 0.40 Per Share
2021-07-22 Annual General Meeting/Dividend - Rs 0.40 Per Share
2020-09-16 Annual General Meeting
2019-09-06 Annual General Meeting/Dividend - Rs 0.20 Per Share
2018-09-18 Annual General Meeting/Dividend Re 0.20 Per Share
2017-07-26 Annual General Meeting/Dividend - Re 0.50 Per Share
2016-07-18 Agm/Div-Rs 1.10/- Per Share
2015-08-06Annual General Meeting / Dividend - Rs 1.10/- Per Share
2014-07-18Annual General Meeting / Final Dividend - Re 1/- Per Share
2013-08-08Annual General Meeting And Dividend Re.1/- Per Share
2012-07-23Annual General Meeting And Dividend - Rs.1.80 Per Share
2011-07-28Annual General Meeting And Dividend Rs.1.80 Per Share
2010-06-29Annual General Meeting And Final Dividend Rs.1.50 Per Share
2009-06-29Agm/Div-Rs.1.50 Per Share
2008-07-11Agm/Dividend - 75%
2007-10-10Bonus 2:10.3333
2007-07-13Dividend-75%
2006-10-17Fv Split Rs.10/- To Rs.2/0.2000
DateTypeWhat it says
2026-08-25Concall / analyst meetSchedule of meet
2026-08-03Concall / analyst meetSchedule of meet
2026-08-01Shareholder meetingVoting results.
2026-07-18Concall / analyst meetTranscript
2026-07-16Credit RatingCredit Rating
2026-07-13Concall / analyst meetLink of Recording
2026-07-10Investor PresentationInvestor Presentation
2026-07-10Press ReleaseA press release dated July 10, 2026, titled "Press Release of Board Meeting held on Friday, 10th July, 2026 ".
2026-07-10Board meeting outcomeElecon Engineering Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-07Concall / analyst meetSchedule of meet
2026-06-30Shareholder meetingNotice of Postal Ballot
2026-06-26Shareholder meetingVoting results.
2026-06-25Shareholder meetingProceedings of Annual General Meeting held on Jun 25, 2026
2026-06-22Director changeChange in Director(s) of the company.
2026-06-22Board meeting outcomeOutcome of Board Meeting held on Jun 22, 2026.
2026-06-12UpdatesUpdate relating to incorporation of Grupo Radicon SA de CV, Step-down Subsidiary of the Company .
2026-06-02UpdatesBusiness Responsibility and Sustainability Report (BRSR) of the Company for the Financial Year 2025-26.
2026-06-02Shareholder meetingNotice of Annual General Meeting to be held on Jun 25, 2026
2026-05-27Disclosure under SEBI TakeovElecon Engineering Company Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of I...
2026-05-27Disclosure under SEBI TakeovElecon Engineering Company Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of I...
2026-05-22Concall / analyst meetSchedule of meet
2026-05-20UpdatesCommunication to Shareholders Final Dividend for FY 2025-26 - Intimation on Tax Deduction at Source (TDS) / withholding tax on Dividend.
2026-05-20Record DateRecord date for the purpose of Dividend is 12-Jun-2026.
2026-05-20UpdatesIntimation of 66th Annual General Meeting (AGM) scheduled to be held on Thursday, 25th June, 2026 through Video Conference (VC) / Other Audio Visual M...
2026-05-11UpdatesIntimation to the shareholders relating to Transfer of Equity Shares to the IEPF.
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.
Order dateForumCase
2021-06-22NCLTElecon Engineering Company Limited Vs Enviro Bulkk Handling Systems Pvt Ltd
2021-06-04NCLTElecon Engineering Company Limited Vs Enviro Bulkk Handling Systems Pvt Ltd
2019-07-03NCLATMilind Dixit & Anr. VS Elecon Engineering Company Ltd & Ors.
2019-05-13NCLATMilind Dixit & Anr. VS Elecon Engineering Company Ltd & Ors.
2019-05-08NCLATMilind Dixit & Anr. VS Elecon Engineering Company Ltd & Ors.
2019-03-11NCLTElecon Engineering Company Limited Vs Enviro Bulkk Handling Systems Pvt. Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
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