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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Eimco Elecon (India) Ltd

About the Company - Eimco Elecon (India) Ltd

Eimco Elecon (India) Ltd. is a Public Limited Listed company incorporated on 31/07/1974 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L29199GJ1974PLC002574 and registration number is 002574. Currently Company is involved in the business activities of Manufacture of machinery for mining, quarrying and construction. Company’s Total Operating Revenue is Rs. 84.44 Cr. and Equity Capital is Rs. 5.77 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - HeavyAnand-Sojitra Road, Vallabh Vidyanagar, Anand Dist. Gujarat 388120investor@eimcoelecon.in
http://www.eimcoelecon.in
Management
NamePosition Held
Mr. Pradip M PatelChairman
Mr. Prayasvin B PatelExecutive Director
Mr. Mukulnarayan DwivediExecutive Director
Mr. Prashant C AminDirector
Mr. Nirmal P BhogilalDirector
Mr. Venkatraman SrinivasanDirector
Mrs. Manjuladevi P ShroffDirector
Ms. Reena P BhagwatiDirector

Basic Stock Data of Eimco Elecon (India) Ltd

Last Updated: May 23, 2024, 3:24 pm

Market Cap 1,137 Cr.
Current Price 1,991
High / Low2,430/566
Stock P/E28.1
Book Value 669
Dividend Yield0.25 %
ROCE13.8 %
ROE11.0 %
Face Value 10.0
PEG Ratio0.93

Eimco Elecon (India) Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales32.0538.0814.9610.8522.6336.0033.4836.8938.0964.2443.7851.1248.25
Expenses28.8936.6214.359.9019.5331.4934.9030.6232.1250.7741.2938.3240.37
Operating Profit3.161.460.610.953.104.51-1.426.275.9713.472.4912.807.88
OPM %9.86%3.83%4.08%8.76%13.70%12.53%-4.24%17.00%15.67%20.97%5.69%25.04%16.33%
Other Income2.771.442.142.881.632.580.194.982.952.375.434.244.10
Interest0.260.090.180.100.060.090.080.050.230.130.170.160.32
Depreciation1.972.011.982.022.052.041.881.901.942.091.741.781.86
Profit before tax3.700.800.591.712.624.96-3.199.306.7513.626.0115.109.80
Tax %14.32%73.75%-188.14%28.65%30.92%23.59%59.87%19.46%27.70%28.34%-3.66%21.85%22.96%
Net Profit3.160.231.701.231.813.78-1.287.494.899.776.2211.807.55
EPS in Rs5.480.402.952.133.146.55-2.2212.988.4816.9410.7820.4613.09

Last Updated: May 5, 2024, 8:19 am

Eimco Elecon (India) Ltd Quarterly Chart

Eimco Elecon (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales17817219319614017114018510812684173207
Expenses16715016416711714912515910211575148171
Operating Profit112229292322152561192437
OPM %6%13%15%15%16%13%11%14%5%9%11%14%18%
Other Income214458131011111191016
Interest0000001111001
Depreciation5554655567887
Profit before tax26202830243019301014102645
Tax %20%25%28%28%26%16%15%24%8%21%14%21%
Net Profit201520221725162391192135
EPS in Rs35.2426.2534.9737.3130.2743.5028.5040.2516.3119.5214.7736.1861.27
Dividend Payout %11%15%11%13%17%12%18%17%31%26%17%14%

Eimco Elecon (India) Ltd Profit & Loss Yearly Chart

Eimco Elecon (India) Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:4%
3 Years:22%
TTM:32%
Compounded Profit Growth
10 Years:8%
5 Years:12%
3 Years:53%
TTM:93%
Stock Price CAGR
10 Years:19%
5 Years:39%
3 Years:78%
1 Year:248%
Return on Equity
10 Years:6%
5 Years:5%
3 Years:7%
Last Year:11%

Last Updated: May 23, 2024, 3:24 pm

Eimco Elecon (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6666666666666
Reserves152164182199251273286306310318324343358
Borrowings0000001232011
Other Liabilities27253739403243373241323737
Total Liabilities185195225244297311335350350367362387402
Fixed Assets22171728656877747887817673
CWIP02100019110011
Investments50627175126143142149153155153165170
Other Assets113114136141106100115117109125128146157
Total Assets185195225244297311335350350367362387402

Eimco Elecon (India) Ltd Reserves and Borrowings Chart

Eimco Elecon (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4813121942191010113-107
Cash from Investing Activity -43-11-9-16-42-15-5-8-338-5
Cash from Financing Activity -3-3-3-3-3-3-3-3-5-3-5-2
Net Cash Flow2-100-312-033-6-0

Eimco Elecon (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days104103181164135104157120104178169112
Inventory Days14422087105211139199147349204705320
Days Payable57668393128561247311310616874
Cash Conversion Cycle191257184177218187232194340276706357
Working Capital Days167181175172181151189158245241428231
ROCE %11%13%15%14%9%11%7%10%3%5%3%8%

Eimco Elecon (India) Ltd Financial Efficiency Indicators Chart

Eimco Elecon (India) Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.06%74.06%74.06%74.06%74.06%74.06%74.06%74.06%74.06%74.06%74.06%74.06%
FIIs0.00%0.00%0.00%0.00%0.02%0.00%0.02%0.00%0.01%0.00%0.00%0.20%
DIIs0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public25.94%25.94%25.94%25.94%25.92%25.95%25.93%25.96%25.93%25.94%25.95%25.74%
No. of Shareholders5,1988,4969,0098,8068,6918,1107,7557,6747,4316,7648,9068,348

Eimco Elecon (India) Ltd Shareholding Pattern Chart

No. of Eimco Elecon (India) Ltd Shareholders

This stock is not held by any mutual fund

Eimco Elecon (India) Ltd ROCE Trend

Eimco Elecon (India) Ltd EPS Trend

Eimco Elecon (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)33.8515.0419.5516.4540.17
Diluted EPS (Rs.)33.8515.0419.5516.4540.17
Cash EPS (Rs.)47.2328.8032.1726.4248.87
Book Value[Excl.RevalReserv]/Share (Rs.)608.02577.01567.42552.89544.90
Book Value[Incl.RevalReserv]/Share (Rs.)608.02577.01567.42552.89544.90
Revenue From Operations / Share (Rs.)299.38146.39218.15187.07320.25
PBDIT / Share (Rs.)57.8331.9038.4828.6962.34
PBIT / Share (Rs.)44.3117.8625.8218.5753.72
PBT / Share (Rs.)43.4417.1224.7417.6852.73
Net Profit / Share (Rs.)33.7014.7719.5116.3140.25
NP After MI And SOA / Share (Rs.)33.8515.0419.5516.4540.17
PBDIT Margin (%)19.3121.7817.6315.3319.46
PBIT Margin (%)14.8012.2011.839.9216.77
PBT Margin (%)14.5011.6911.339.4516.46
Net Profit Margin (%)11.2510.088.948.7112.56
NP After MI And SOA Margin (%)11.3010.278.958.7912.54
Return on Networth / Equity (%)5.562.603.442.977.37
Return on Capital Employeed (%)7.173.034.393.239.51
Return On Assets (%)5.022.373.052.686.56
Long Term Debt / Equity (X)0.000.000.000.010.01
Total Debt / Equity (X)0.000.000.000.010.01
Asset Turnover Ratio (%)0.450.230.340.300.53
Current Ratio (X)4.427.714.114.994.33
Quick Ratio (X)2.004.932.912.592.86
Inventory Turnover Ratio (X)0.620.760.661.001.58
Dividend Payout Ratio (NP) (%)7.3833.2325.5842.5512.44
Dividend Payout Ratio (CP) (%)5.2717.1915.5226.3410.24
Earning Retention Ratio (%)92.6266.7774.4257.4587.56
Cash Earning Retention Ratio (%)94.7382.8184.4873.6689.76
Interest Coverage Ratio (X)66.5843.0335.5832.4863.25
Interest Coverage Ratio (Post Tax) (X)39.7920.9219.0519.4641.84
Enterprise Value (Cr.)202.98176.35185.34107.91221.14
EV / Net Operating Revenue (X)1.182.091.470.991.20
EV / EBITDA (X)6.089.588.356.526.15
MarketCap / Net Operating Revenue (X)1.192.131.541.041.21
Retention Ratios (%)92.6166.7674.4157.4487.55
Price / BV (X)0.580.530.590.350.71
Price / Net Operating Revenue (X)1.192.131.541.041.21
EarningsYield0.090.040.050.080.10

Eimco Elecon (India) Ltd Profitability Ratios (%)

Eimco Elecon (India) Ltd Liquidity Ratios

Eimco Elecon (India) Ltd Liquidity Ratios (%)

Eimco Elecon (India) Ltd Interest Coverage Ratios (%)

Eimco Elecon (India) Ltd Valuation Ratios

Fair Value

Fair Value: ₹2,073.05

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 4.12% compared to the current price ₹1991

Intrinsic Value: ₹2,701.27

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 35.67% compared to the current price ₹1991

Last 5 Year EPS CAGR: 30.30%

*Investments are subject to market risks

Strength and Weakness of Eimco Elecon (India) Ltd Stock

StrengthWeakness
  1. The company has higher reserves (266.62 cr) compared to borrowings (0.77 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (159.46 cr) and profit (24.00 cr) over the years.
  1. The stock has a low average ROCE of 9.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 209.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 276.58, which may not be favorable.

FAQ

What is the latest fair value of Eimco Elecon (India) Ltd?

The latest fair value of Eimco Elecon (India) Ltd is ₹2073.05.

What is the Market Cap of Eimco Elecon (India) Ltd?

The Market Cap of Eimco Elecon (India) Ltd is 1,137 Cr..

What is the current Stock Price of Eimco Elecon (India) Ltd as on 30 May 2024?

The current stock price of Eimco Elecon (India) Ltd as on 30 May 2024 is ₹1,991.

What is the High / Low of Eimco Elecon (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Eimco Elecon (India) Ltd stocks is 2,430/566.

What is the Stock P/E of Eimco Elecon (India) Ltd?

The Stock P/E of Eimco Elecon (India) Ltd is 28.1.

What is the Book Value of Eimco Elecon (India) Ltd?

The Book Value of Eimco Elecon (India) Ltd is 669.

What is the Dividend Yield of Eimco Elecon (India) Ltd?

The Dividend Yield of Eimco Elecon (India) Ltd is 0.25 %.

What is the ROCE of Eimco Elecon (India) Ltd?

The ROCE of Eimco Elecon (India) Ltd is 13.8 %.

What is the ROE of Eimco Elecon (India) Ltd?

The ROE of Eimco Elecon (India) Ltd is 11.0 %.

What is the Face Value of Eimco Elecon (India) Ltd?

The Face Value of Eimco Elecon (India) Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Eimco Elecon (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE