Eimco Elecon (India) Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Latest quarter profit grew 51.2% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Operating margins have improved to 17.2% from 8.6%
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Promoter holding has decreased over last 2 years: -25.1pp
- A large part of profit comes from other income (36.1% of PBT)
- Company has a low return on capital employed of 8.0%
- Company has a low return on equity of 6.3% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.13x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHEL | 430.60 | 61.64 | 149937.65 | 0.33 | 376.71 | 182.70 | 7697.72 | 40.29 | 9.24 | 6.69 |
| INDOMIM | 1018.90 | 94.43 | 50382.66 | 0.58 | 2401.22 | — | 12187.42 | — | 24.48 | 33.36 |
| THERMAX | 3680.25 | 73.91 | 43852.50 | 0.54 | 21.79 | -85.61 | 2302.73 | 7.09 | 15.85 | 2.98 |
| HONAUT | 34514.05 | 55.37 | 30515.68 | 0.32 | 150.70 | 20.95 | 1204.40 | 1.80 | 17.04 | 14.32 |
| JYOTICNC | 987.95 | 69.84 | 22468.26 | 0.00 | 57.14 | -19.99 | 508.47 | 23.97 | 21.34 | 21.40 |
| INOXINDIA | 2245.75 | 80.12 | 20418.91 | 0.09 | 58.07 | -4.98 | 370.79 | 9.18 | 33.54 | 20.46 |
| AZAD | 2846.00 | 132.25 | 18379.96 | 0.00 | 35.16 | 19.46 | 172.60 | 25.90 | 12.04 | 37.29 |
| TRITURBINE | 569.10 | 53.80 | 18091.60 | 0.75 | 51.10 | -20.65 | 442.70 | 19.23 | 35.95 | 11.59 |
| TEGA | 1731.10 | 615.52 | 13005.36 | 0.12 | -108.25 | -406.36 | 1723.44 | 383.99 | 8.37 | 3.27 |
| LLOYDSENGG | 82.72 | 57.36 | 12830.19 | 0.30 | 68.23 | -77.28 | 527.15 | 142.92 | 17.99 | 15.04 |
| KRN | 1595.75 | 107.75 | 10445.54 | 0.00 | 32.90 | 164.84 | 252.32 | 118.87 | 16.06 | 19.44 |
| EIMCOELECO | 2322.95 | 34.76 | 1339.97 | 0.17 | 14.84 | 51.22 | 84.30 | 31.23 | 11.35 | 19.82 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 36 | 33 | 37 | 38 | 64 | 44 | 51 | 48 | 84 | |
| 34 | 35 | 32 | 32 | 51 | 41 | 38 | 40 | 68 | |
| Operating Profit | 2 | -1 | 4 | 6 | 13 | 2 | 13 | 8 | 17 |
| OPM % | 6.74% | -4.24% | 12.13% | 15.70% | 20.97% | 5.66% | 25.06% | 16.35% | 19.82% |
| 3 | 0 | 3 | 3 | 2 | 5 | 3 | 4 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before Tax | 5 | -3 | 8 | 7 | 14 | 5 | 14 | 10 | 19 |
| Tax % | 23.68% | 59.85% | 22.89% | 27.60% | 28.34% | -4.28% | 23.42% | 23.06% | 22.11% |
| Net Profit | 4 | -1 | 6 | 5 | 10 | 5 | 11 | 8 | 15 |
| 6.56 | -2.25 | 10.57 | 8.51 | 17.01 | 9.30 | 18.72 | 13.08 | 25.72 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 140 | 171 | 140 | 185 | 108 | 126 | 84 | 173 | 228 | 227 | |
| 117 | 149 | 125 | 160 | 102 | 115 | 79 | 148 | 188 | 188 | |
| Operating Profit | 23 | 22 | 15 | 25 | 6 | 11 | 6 | 24 | 39 | 40 |
| OPM % | 16.20% | 12.77% | 10.69% | 13.55% | 5.42% | 8.61% | 6.97% | 14.08% | 17.20% | 17.54% |
| 8 | 13 | 10 | 11 | 11 | 11 | 13 | 9 | 17 | 17 | |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| Depreciation | 6 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 7 | 7 |
| Profit before Tax | 24 | 29 | 19 | 30 | 10 | 14 | 10 | 25 | 48 | 48 |
| Tax % | 26.12% | 15.98% | 15.53% | 23.68% | 7.80% | 21.09% | 13.53% | 22.35% | 19.84% | 19.87% |
| Net Profit | 17 | 25 | 16 | 23 | 9 | 11 | 9 | 20 | 39 | 39 |
| EPS | 0.00 | 42.85 | 28.21 | 0.00 | 0.00 | 19.55 | 15.04 | 33.85 | 66.83 | — |
| Dividend Payout % | 16.13% | 11.67% | 17.73% | 17.43% | 30.40% | 25.58% | 16.62% | 14.77% | 7.48% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 4%
- 3 Years:
- 22%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 11%
- 3 Years:
- 51%
STOCK PRICE CAGR
- 10 Years:
- 20%
- 5 Years:
- 41%
- 3 Years:
- 37%
- 1 Year:
- 8%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 5%
- 3 Years:
- 6%
- Last Year:
- 10%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| 255 | 276 | 289 | 309 | 313 | 322 | 327 | 345 | 380 | |
| 0 | 0 | 1 | 1 | 2 | 1 | 0 | 0 | 0 | |
| Trade Payables | 23 | 14 | 24 | 20 | 17 | 19 | 17 | 18 | 27 |
| 73 | 53 | 33 | 37 | 35 | 47 | 43 | 27 | 48 | |
| Total Liabilities | 357 | 348 | 353 | 372 | 373 | 395 | 393 | 396 | 461 |
| 65 | 64 | 73 | 71 | 75 | 84 | 78 | 73 | 71 | |
| Capital Work in Progress | 0 | 0 | 1 | 9 | 11 | 0 | 0 | 1 | 0 |
| 130 | 146 | 145 | 156 | 159 | 158 | 157 | 166 | 180 | |
| 38 | 34 | 39 | 40 | 53 | 37 | 71 | 79 | 86 | |
| 0 | 49 | 60 | 0 | 0 | 61 | 0 | 0 | 94 | |
| Cash & Bank | 2 | 2 | 4 | 4 | 7 | 10 | 3 | 3 | 8 |
| 122 | 53 | 30 | 92 | 69 | 45 | 84 | 74 | 23 | |
| Total Assets | 357 | 348 | 353 | 372 | 373 | 395 | 393 | 396 | 461 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 48 | 19 | 10 | 15 | 17 | 3 | -8 | 11 | 12 | |
| Cash from Investing | -42 | -14 | -5 | -8 | -3 | 3 | 8 | -5 | -2 |
| Cash from Financing | -3 | -3 | -3 | -3 | -5 | -3 | -5 | -2 | -4 |
| -3 | 1 | 2 | -0 | 3 | 3 | -6 | -0 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-18 - Eimco Elecon (India) Limited has informed the Exchange about Credit Rating
2026-08-05 - Eimco Elecon (India) Limited has informed the Exchange about Copy of Newspaper Publication
2026-07-10 - Eimco Elecon (India) Limited has informed the Exchange about Copy of Newspaper Publication
2026-07-09 - Eimco Elecon (India) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-07 - Eimco Elecon (India) Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-06-30 - Eimco Elecon (India) Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-06-26 - Eimco Elecon (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 25, 2026. Further, the company has informed the Exchange regarding voting results.
2026-06-25 - Eimco Elecon (India) Limited has informed the Exchange regarding 'Chairman's Statement'.
2026-06-25 - Eimco Elecon (India) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 25, 2026
News
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