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Elecon Engineering Company Limited (ELECON.NS)

INR478.00 -8.55 (-1.76%)
IN NSE Industrials Industrial - Machinery
Address Anand-Sojitra Road 388120
Vallabh Vidyanagar, IN
CEO Prayasvin Bhanubhai Patel
Website elecon.com
IPO 2006-09-29
ISIN INE205B01031

Explore sections of this company profile

Also trades on Bombay Stock Exchange · ELECON.BO (INR) National Stock Exchange of India · ELECON.NS (INR)
Description

Elecon Engineering Company Limited specializes in the production and global distribution of power transmission and material handling machinery. Its business activities are categorized into two primary divisions: Material Handling Equipment and Transmission Equipment. The Transmission Equipment division offers a comprehensive array of gearboxes, including helical, bevel helical, planetary, worm, high-speed, and specialized models for wind turbines and marine applications, alongside custom-engineered solutions. This segment also supplies loose gears, vertical roller mill drives, and a variety of industrial couplings such as geared, flexible, fluid, scoop-controlled variable speed fluid, and torsion shaft types, in addition to elevator traction machines. Within its Material Handling Equipment segment, Elecon delivers systems for processing raw materials, alongside specialized machinery like stackers, scrapers, reclaimers, bagging and weighing apparatus, wagon and truck loading systems, crushers, wagon tipplers with complementary gear, feeders, idlers, pulleys, magnetic separators, weighers, detectors, port-specific equipment, and cable reeling drums. Beyond its core manufacturing, the company also operates a ferrous and non-ferrous foundry, develops alternative energy products, and extends its service offerings to include repair and refurbishment for gearboxes, as well as support services for material handling equipment. Its diverse clientele spans sectors such as cement, sugar, defense, steel, mining, power generation, plastics, chemicals, palm oil, paper, rubber, marine, and fertilizer production, in addition to serving crane manufacturers, material handling operations, wind power facilities, and ports. Established in 1951, the firm maintains its headquarters in Vallabh Vidyanagar, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR478.00 -8.55 (-1.76%)
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Volume Profile
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Liquidity & share structure
Average Volume
939.4K
Beta
0.49
Float Shares
82.72M
Free Float %
36.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.19% -10.84% +21.27% +15.83% -6.92% +4.47% -24.82% +93.89% +1,079.80% +1,519.81% +1,324.38%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
478.00
DCF (Unlevered) 745.53 +56.0%
DCF (Levered) 550.23 +15.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
9.25
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Machinery: +7.4%
    +6.3% Q2'26: +6.1% (vs Q2'25)
  • EPS growth Industrial - Machinery: +15.6%
    -17.8% Q2'26: -59.8% (vs Q2'25)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    +9.5% Q2'26: +0.0% (vs Q2'25)
  • EBIT margin Industrial - Machinery: +10.0%
    +20.3% Q2'26: +15.2% (vs Q2'25)
  • ROIC Industrial - Machinery: +6.8%
    +20.9% Q2'26: +13.8% (vs Q2'25)
  • Share dilution Industrial - Machinery: +0.0%
    +0.0% Q2'26: +0.0% (vs Q2'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    0.47× Q2'26: 0.62× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.56) × ERP
WACC = 98% × Ke + 2% × Kd (9.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 745.54 Current price: 478.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2007
actual
Mar 2009
actual
Mar 2010
actual
Mar 2011
actual
Mar 2012
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
2 Rev. Ana.
2 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
2 Rev. Ana.
2 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
6.69B
est: 7.01B (-4.6%)
7.90B
est: 10.61B (-25.6%)
9.72B
est: 10.77B (-9.8%)
12.88B
est: 12.67B (+1.6%)
16.13B
est: 15.75B (+2.4%)
12.93B
est: 13.98B (-7.5%)
13.29B
est: 12.50B (+6.3%)
12.85B
est: 12.50B (+2.9%)
12.02B
est: 13.28B (-9.5%)
11.80B
est: 13.24B (-10.9%)
12.25B
est: 17.10B (-28.4%)
10.88B
est: 20.10B (-45.8%)
10.44B
est: 14.74B (-29.1%)
12.12B
est: 12.52B (-3.2%)
15.30B
est: 15.23B (+0.4%)
19.37B
est: 20.08B (-3.5%)
22.27B
est: 21.29B (+4.6%)
25.08B
24.89B – 25.27B
+17.8% YoY
26.09B
25.93B – 26.25B
+4.0% YoY
30.60B
30.26B – 30.94B
+17.3% YoY
39.87B
39.63B – 40.11B
+30.3% YoY
EBITDA
1.18B
est: 1.51B (-21.7%)
1.59B
est: 1.17B (+35.7%)
1.75B
est: 689.70M (+153.7%)
2.12B
est: 886.13M (+139.5%)
2.17B
est: 1.48B (+46.3%)
1.63B
est: 1.32B (+23.7%)
1.72B
est: 264.27M (+549.9%)
1.73B
est: 397.39M (+335.3%)
1.65B
est: 505.89M (+226.9%)
1.24B
est: 2.85B (-56.4%)
1.40B
est: 3.68B (-61.9%)
1.36B
est: 853.25M (+59.3%)
1.81B
est: 3.18B (-43.0%)
2.49B
est: 2.70B (-7.7%)
3.33B
est: 3.28B (+1.6%)
4.72B
est: 6.29B (-25.0%)
5.28B
est: 6.27B (-15.8%)
7.39B
7.34B – 7.45B
+17.8% YoY
7.69B
7.64B – 7.74B
+4.0% YoY
9.02B
8.92B – 9.12B
+17.3% YoY
11.75B
11.68B – 11.82B
+30.3% YoY
EBIT
1.06B
est: 1.32B (-19.5%)
1.36B
est: 1.47B (-7.2%)
1.41B
est: 1.29B (+9.6%)
1.72B
est: 1.37B (+25.3%)
1.68B
est: 1.78B (-5.4%)
1.02B
est: 1.58B (-35.8%)
1.00B
est: 859.42M (+16.6%)
1.12B
est: 1.12B (-0.3%)
1.13B
est: 954.40M (+18.7%)
728.32M
est: 2.49B (-70.7%)
940.43M
est: 3.21B (-70.7%)
913.89M
est: 882.11M (+3.6%)
1.38B
est: 2.77B (-50.1%)
2.09B
est: 2.35B (-11.1%)
2.94B
est: 2.86B (+2.7%)
4.30B
est: 6.44B (-33.2%)
4.91B
est: 5.22B (-5.9%)
6.15B
6.10B – 6.19B
+17.8% YoY
6.40B
6.36B – 6.44B
+4.0% YoY
7.50B
7.42B – 7.58B
+17.3% YoY
9.78B
9.72B – 9.84B
+30.3% YoY
Net Income
549.03M
est: 1.42B (-61.3%)
574.51M
est: 831.01M (-30.9%)
661.75M
est: 583.63M (+13.4%)
899.58M
est: 778.83M (+15.5%)
605.35M
est: 1.12B (-45.9%)
137.33M
est: 995.40M (-86.2%)
163.44M
est: 124.33M (+31.5%)
373.69M
est: 173.68M (+115.2%)
107.50M
est: 328.29M (-67.3%)
74.85M
est: 213.18M (-64.9%)
701.09M
est: 4.04B (-82.6%)
897.02M
est: 668.09M (+34.3%)
576.31M
est: 1.47B (-60.8%)
1.40B
est: 1.29B (+8.9%)
2.38B
est: 2.77B (-14.3%)
3.56B
est: 3.48B (+2.3%)
4.15B
est: 3.97B (+4.5%)
4.02B
3.85B – 4.20B
+1.3% YoY
3.97B
3.94B – 4.00B
-1.3% YoY
4.93B
4.81B – 5.05B
+24.0% YoY
6.62B
6.57B – 6.67B
+34.4% YoY
SGA
908.06M
est: 801.57M (+13.3%)
1.23B
est: 1.78B (-31.0%)
1.17B
est: 1.56B (-24.9%)
1.67B
est: 1.87B (-10.5%)
1.93B
est: 3.02B (-36.4%)
3.28B
est: 2.69B (+21.9%)
1.82B
est: 3.40B (-46.5%)
1.84B
est: 3.50B (-47.5%)
1.83B
est: 2.89B (-36.9%)
1.64B
est: 2.47B (-33.5%)
1.64B
est: 3.55B (-53.8%)
1.51B
est: 2.92B (-48.2%)
1.34B
est: 1.69B (-20.4%)
1.43B
est: 1.43B (+0.1%)
1.74B
est: 1.74B (0.0%)
2.08B
est: 2.30B (-9.3%)
2.31B
est: 1.89B (+22.5%)
2.22B
2.21B – 2.24B
+17.8% YoY
2.31B
2.30B – 2.33B
+4.0% YoY
2.71B
2.68B – 2.74B
+17.3% YoY
3.54B
3.51B – 3.56B
+30.3% YoY
EPS
2.96
est: 6.33 (-53.2%)
3.09
est: 7.07 (-56.3%)
3.56
est: 7.27 (-51.0%)
4.84
est: 8.05 (-39.9%)
3.26
est: 7.35 (-55.7%)
0.63
est: 2.22 (-71.6%)
0.75
est: 0.43 (+76.5%)
1.67
est: 0.43 (+292.9%)
0.48
est: 0.37 (+30.9%)
0.33
est: 0.95 (-65.3%)
3.12
est: 18.00 (-82.7%)
4.00
est: 21.50 (-81.4%)
2.57
est: 6.55 (-60.8%)
6.26
est: 5.75 (+8.9%)
10.58
est: 12.35 (-14.3%)
15.85
est: 15.49 (+2.3%)
18.50
est: 17.70 (+4.5%)
17.93
17.17 – 18.69
+1.3% YoY
17.70
17.56 – 17.84
-1.3% YoY
21.95
21.41 – 22.49
+24.0% YoY
29.50
29.27 – 29.73
+34.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-11 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-08 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-07 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-06 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-05 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-05-04 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-30 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-29 A- 4/5 5/5 4/5 5/5 2/5 3/5 2/5
2026-04-28 A- 4/5 5/5 4/5 5/5 2/5 3/5 2/5
2026-04-27 A- 4/5 5/5 4/5 5/5 2/5 3/5 2/5
2026-04-24 A- 4/5 4/5 4/5 5/5 2/5 3/5 2/5
2026-04-23 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-04-22 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-21 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-20 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-17 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-16 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.99B
OE per share TTM
8.87
Owner's Yield
1.74%
Maintenance CapEx ratio
33.50%
Maint CapEx / Avg PPE
42.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 9 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 50.9K 0.48%
2 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 114.7K 0.26%
3 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 9.1K 0.22%
4 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 27.4K 0.22%
5 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 14.7K 0.22%
6 Vanguard Balanced ETF Portfolio VBAL.TO 0.00% 6.5K 0.22%
7 Vanguard Conservative ETF Portfolio VCNS.TO 0.00% 749.68 0.22%
8 Vanguard Retirement Income ETF Portfolio VRIF.TO 0.00% 246.34 0.31%
9 Vanguard Conservative Income ETF Portfolio VCIP.TO 0.00% 117.31 0.22%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.43M
Shares Outstanding
224.40M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Prayasvin Bhanubhai Patel Non-Independent Executive Chairman & MD 227M male
Chintan Shah Chief Financial Officer male
Dipak S. Dalwadi Business Head of Gear Division male
Bhartiben Lalitkumar Isarani Company Secretary & Compliance Officer female
Man Mohan Nanda Business Head of Gear Division male
Pravin Kumar Bhasin Business Head of MHE Division male
Kaushik Patel Business Head of MHE Division male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits