Eimco Elecon (India) Ltd

₹2,278.7▲ +0.61%29 Sept

📊 Stock Analysis

Market Data

Market Cap₹1,314.44 Cr.

52W High₹2,380.4

Current Price₹2,278.7

52W Low₹1,413.7

Down from 52W High4.3 %

Face Value₹10

Performance

ROCE12.69 %

ROE9.98 %

EPS (TTM)₹25.72

EPS Prev Qtr₹13.08

EPS Last Year₹9.3

EBITDA Qtr₹14.63 Cr.

Book Value₹670

Financial Health

Debt/Equity0

Debt/Profit0

Total Assets₹450.366 Cr.

Dividend Yield0.22 %

Promoter Holding48.96 %

Earning Power7.2 %

Valuation

Stock P/E34.1

Industry P/E34.1

Price to Book3.4

Price to Sales5.78

Graham Number₹1,003.8

Key Metrics

Face Value

₹10

About Eimco Elecon (India) Ltd

Capital Goods · Capital Goods-Non Electrical Equipment

Eimco Elecon (India) Ltd is listed on NSE in the Capital Goods / Capital Goods-Non Electrical Equipment sector. Face value ₹10. Market cap ₹1,314.44 Cr.

Price Chart

Strengths & Weaknesses

Strengths

The company has a strong promoter holding of 48.96%, indicating significant control and alignment of interests.
It maintains a debt-free balance sheet, reducing financial risk and interest burden.
The company shows a reasonable return on capital employed (ROCE) of 12.69%, reflecting efficient use of capital.
The return on equity (ROE) of 9.98% demonstrates decent profitability relative to shareholder equity.

Weaknesses

The P/E ratio of 34 is relatively high, suggesting the stock may be overvalued compared to earnings.
The P/B ratio of 3.39 indicates that the market values the company at a premium over its book value.
The dividend yield is low at 0.22%, which may not attract income-focused investors.

Peer Comparison

Name	CMP	P/E	Market Cap	Div Yield	NP Qtr	Qtr Profit Var%	Sales Qtr	Qtr Sales Var%	ROCE%	Debt/Eq
Cummins India Ltd	-	56.44	₹1,33,588.22 Cr	1.37%	₹2,367.15 Cr	-	₹12,662.38 Cr	-	36.6%	0
Welspun Corp Ltd	-	32.36	₹74,774.1 Cr	0.18%	₹2,319.21 Cr	-	₹17,299.77 Cr	-	27.27%	0.24
Indo-MIM Ltd	-	-	₹61,763.14 Cr	-	-	-	-	-	-	0.39
APL Apollo Tubes Ltd	-	49.47	₹60,807.19 Cr	0.39%	₹1,229.04 Cr	-	₹23,064.55 Cr	-	35.88%	0.15
Tube Investments of India Ltd	-	77.2	₹46,846.44 Cr	0.14%	₹1,108.99 Cr	-	₹23,753.7 Cr	-	23.62%	0.05
Kirloskar Oil Engines Ltd	-	64	₹34,953.7 Cr	0.19%	₹534.6 Cr	-	₹7,936.74 Cr	-	13.7%	1.47
Jyoti CNC Automation Ltd	-	75.25	₹24,197.82 Cr	-	₹321.72 Cr	-	₹2,191.43 Cr	-	18.46%	0.42
Carborundum Universal Ltd	-	108.44	₹22,866.84 Cr	0.21%	₹187.75 Cr	-	₹5,413.92 Cr	-	7.99%	0.08
Grindwell Norton Ltd	-	48.64	₹21,217.83 Cr	0.99%	₹437.67 Cr	-	₹3,173.03 Cr	-	23.31%	0
Ratnamani Metals & Tubes Ltd	-	45.89	₹19,865.47 Cr	0.35%	₹514.36 Cr	-	₹4,313.97 Cr	-	15.73%	0.07
Elgi Equipments Ltd	-	41.97	₹18,887.78 Cr	0.45%	₹447.9 Cr	-	₹4,146.2 Cr	-	23.64%	0.18
Jindal Saw Ltd	-	27.09	₹17,755.95 Cr	0.72%	₹600.65 Cr	-	₹18,262.8 Cr	-	8.43%	0.32
Graphite India Ltd	-	73.59	₹15,700.38 Cr	0.87%	₹209 Cr	-	₹3,029 Cr	-	5.11%	0.06
Tega Industries Ltd	-	544	₹15,489.45 Cr	0.1%	₹-0.93 Cr	-	₹3,059.28 Cr	-	10.52%	0.19
Lloyds Engineering Works Ltd	-	59.03	₹15,116.79 Cr	0.24%	₹193.81 Cr	-	₹1,611.28 Cr	-	15.08%	0.02
Kirloskar Brothers Ltd	-	39.45	₹14,729.56 Cr	0.38%	₹357.4 Cr	-	₹4,663.9 Cr	-	18.14%	0.08
Action Construction Equipment Ltd	-	32.83	₹14,350.12 Cr	0.17%	₹436.87 Cr	-	₹3,414.04 Cr	-	37.02%	0.01
KSB Ltd	-	58.26	₹14,297.32 Cr	-	₹245.5 Cr	-	₹2,725.6 Cr	-	19.71%	0
Ingersoll-Rand (India) Ltd	-	49.5	₹13,241.83 Cr	1.79%	₹267.51 Cr	-	₹1,456.51 Cr	-	58.5%	0
Titagarh Rail Systems Ltd	-	57.79	₹11,043.25 Cr	0.12%	₹188.36 Cr	-	₹3,271.59 Cr	-	11.26%	0.22

Quarterly Results

	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	43.78	51.12	48.25	84.3
↳ QoQ Growth	-	+16.8%	-5.6%	+74.7%
Expenses	43.04	40.09	42.22	69.67
Operating Profit	0.74	11.02	6.03	14.63
OPM %	1.69%	21.56%	12.5%	17.35%
Other Income	4.56	3.23	4.1	4.71
Interest	0.17	0.16	0.32	0.3
Depreciation	1.74	1.78	1.86	2.08
EBITDA	2.48	12.8	7.89	16.71
EBITDA Margin %	5.66%	25.04%	16.35%	19.82%
Profit Before Tax	5.14	14.09	9.8	19.04
Tax %	-4.28%	23.42%	22.96%	22.11%
Net Profit	5.36	10.8	7.55	14.84
↳ QoQ Growth	-	+101.5%	-30.1%	+96.6%
EPS	9.3	18.72	13.08	25.72

Profit & Loss

	Mar 2024	TTM
Sales	227.45	227.45
Expenses	195.02	195.02
Operating Profit	32.42	32.42
OPM %	14.25%	14.25%
Other Income	16.6	16.6
Interest	0.95	0.95
Depreciation	7.46	7.46
Profit Before Tax	48.07	48.07
Tax %	19.85%	19.85%
Net Profit	38.55	38.55
EPS	66.82	66.82

Compounded Sales Growth

10Y

TTM

Compounded Profit Growth

10Y

TTM

Stock Price CAGR

10Y

31.01%

Return on Equity

10Y

Last Year

9.98%

Balance Sheet

	Mar 2023	Mar 2024
Equity Capital	5.77	5.7684
Reserves	344.96	380.4022
Borrowings	0.64	0
Other Liabilities	37.41	64.2
Total Liabilities	388.78	450.3659
Fixed Assets	64.5	70.7546
CWIP	0.52	0.0843
Investments	166.43	182.35
Other Assets	157.33	197.18
Total Assets	388.78	450.3659

Cash Flows

	Mar 2024
Cash from Operating Activity	11.592
Cash from Investing Activity	-2.2657
Cash from Financing Activity	-4.0994
Net Cash Flow	5.2269

Ratios

	Mar 2024
Debtor Days	-
Inventory Days	-
Days Payable	-
Cash Conversion Cycle	-
Working Capital Days	722.72
ROCE %	7.2%

Shareholding Pattern

	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters %	48.96%	48.96%	48.96%	48.96%
FIIs %	0.6%	3.39%	3.1%	3.25%
DIIs %	0.23%	1.01%	1.06%	0.99%
Public %	37.28%	35.31%	35.72%	35.14%
No. of Shareholders	15,989	18,204	18,122	17,824

Major Shareholders (>1%)

As of 2026-06-30View all shareholders →

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