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Last Updated: March 6, 2026, 2:21 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 505700 | NSE: ELECON

Elecon Engineering Company Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 6, 2026, 2:21 am

Market Cap 8,969 Cr.
Current Price 400
Intrinsic Value₹513.45
High / Low 717/348
Stock P/E21.7
Book Value 100
Dividend Yield0.50 %
ROCE28.5 %
ROE23.0 %
Face Value 1.00
PEG Ratio0.78

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Elecon Engineering Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Elecon Engineering Company Ltd 8,969 Cr. 400 717/34821.7 1000.50 %28.5 %23.0 % 1.00
Praj Industries Ltd 5,629 Cr. 306 592/27376.2 70.81.96 %17.9 %14.1 % 2.00
Techno Electric & Engineering Company Ltd 13,262 Cr. 1,140 1,655/78528.3 3350.79 %16.5 %12.8 % 2.00
TD Power Systems Ltd (TDPS) 13,814 Cr. 884 933/31162.9 61.50.14 %30.4 %22.3 % 2.00
GMM Pfaudler Ltd 3,976 Cr. 884 1,418/87835.5 2620.23 %13.1 %6.64 % 2.00
Industry Average8,983.17 Cr1,314.0339.19295.050.38%15.76%13.09%8.88

All Competitor Stocks of Elecon Engineering Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 389425414485474565392508529798491578552
Expenses 300332314366353429300396386602360452443
Operating Profit 899310011912013592112143195130126109
OPM % 23%22%24%24%25%24%24%22%27%24%27%22%20%
Other Income 499141116171417211081819
Interest 2523122235667
Depreciation 12141213131313131619252527
Profit before tax 7984941171171369411114019220711394
Tax % 20%19%23%24%23%24%22%21%23%24%15%22%23%
Net Profit 636873899010473881081461758872
EPS in Rs 2.803.033.253.954.034.623.273.914.796.537.823.913.21

Last Updated: February 6, 2026, 2:46 am

Below is a detailed analysis of the quarterly data for Elecon Engineering Company Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

  • For Sales, as of Dec 2025, the value is 552.00 Cr.. The value appears to be declining and may need further review. It has decreased from 578.00 Cr. (Sep 2025) to 552.00 Cr., marking a decrease of 26.00 Cr..
  • For Expenses, as of Dec 2025, the value is 443.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 452.00 Cr. (Sep 2025) to 443.00 Cr., marking a decrease of 9.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 109.00 Cr.. The value appears to be declining and may need further review. It has decreased from 126.00 Cr. (Sep 2025) to 109.00 Cr., marking a decrease of 17.00 Cr..
  • For OPM %, as of Dec 2025, the value is 20.00%. The value appears to be declining and may need further review. It has decreased from 22.00% (Sep 2025) to 20.00%, marking a decrease of 2.00%.
  • For Other Income, as of Dec 2025, the value is 19.00 Cr.. The value appears strong and on an upward trend. It has increased from 18.00 Cr. (Sep 2025) to 19.00 Cr., marking an increase of 1.00 Cr..
  • For Interest, as of Dec 2025, the value is 7.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6.00 Cr. (Sep 2025) to 7.00 Cr., marking an increase of 1.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 27.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 25.00 Cr. (Sep 2025) to 27.00 Cr., marking an increase of 2.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 94.00 Cr.. The value appears to be declining and may need further review. It has decreased from 113.00 Cr. (Sep 2025) to 94.00 Cr., marking a decrease of 19.00 Cr..
  • For Tax %, as of Dec 2025, the value is 23.00%. The value appears to be increasing, which may not be favorable. It has increased from 22.00% (Sep 2025) to 23.00%, marking an increase of 1.00%.
  • For Net Profit, as of Dec 2025, the value is 72.00 Cr.. The value appears to be declining and may need further review. It has decreased from 88.00 Cr. (Sep 2025) to 72.00 Cr., marking a decrease of 16.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 3.21. The value appears to be declining and may need further review. It has decreased from 3.91 (Sep 2025) to 3.21, marking a decrease of 0.70.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 11:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,2931,3291,2801,2021,1801,2251,0881,0441,2121,5301,9372,2272,418
Expenses 1,1361,1531,1051,0271,0551,0849478589601,1891,4631,6841,858
Operating Profit 157176176175126140142186252341475543560
OPM % 12%13%14%15%11%11%13%18%21%22%24%24%23%
Other Income 14172912869985225068166
Interest 8087839075747860381491324
Depreciation 62726253534853524949516196
Profit before tax 293460446882081171300465537606
Tax % 51%49%37%75%-33%21%-360%29%18%21%24%23%
Net Profit 141737117709058140238356415482
EPS in Rs 0.630.751.720.480.333.124.002.576.2610.5815.8518.5021.47
Dividend Payout % 79%73%32%52%30%3%0%8%11%9%9%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)21.43%117.65%-70.27%-36.36%900.00%28.57%-35.56%141.38%70.00%49.58%16.57%
Change in YoY Net Profit Growth (%)0.00%96.22%-187.92%33.91%936.36%-871.43%-64.13%176.93%-71.38%-20.42%-33.01%

Elecon Engineering Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:15%
3 Years:22%
TTM:21%
Compounded Profit Growth
10 Years:40%
5 Years:36%
3 Years:42%
TTM:26%
Stock Price CAGR
10 Years:33%
5 Years:106%
3 Years:44%
1 Year:-12%
Return on Equity
10 Years:14%
5 Years:19%
3 Years:23%
Last Year:23%

Last Updated: September 5, 2025, 3:25 am

Balance Sheet

Last Updated: December 4, 2025, 1:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 22222222222222222222222222
Reserves 5105146826876867468328971,0281,2571,5821,9762,222
Borrowings 6335526295835905484833351515270181258
Other Liabilities 892877870794857849792733513399449550494
Total Liabilities 2,0581,9642,2032,0872,1562,1652,1291,9881,7151,7302,1232,7292,996
Fixed Assets 5955238988618347997997587397547699141,004
CWIP 74821500101726
Investments 14154949515453535477286496684
Other Assets 1,4411,4221,2481,1751,2701,3071,2771,1769218991,0671,3131,283
Total Assets 2,0581,9642,2032,0872,1562,1652,1291,9881,7151,7302,1232,7292,996

Below is a detailed analysis of the balance sheet data for Elecon Engineering Company Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 22.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 22.00 Cr..
  • For Reserves, as of Sep 2025, the value is 2,222.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,976.00 Cr. (Mar 2025) to 2,222.00 Cr., marking an increase of 246.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 258.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 181.00 Cr. (Mar 2025) to 258.00 Cr., marking an increase of 77.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 494.00 Cr.. The value appears to be improving (decreasing). It has decreased from 550.00 Cr. (Mar 2025) to 494.00 Cr., marking a decrease of 56.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 2,996.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,729.00 Cr. (Mar 2025) to 2,996.00 Cr., marking an increase of 267.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 1,004.00 Cr.. The value appears strong and on an upward trend. It has increased from 914.00 Cr. (Mar 2025) to 1,004.00 Cr., marking an increase of 90.00 Cr..
  • For CWIP, as of Sep 2025, the value is 26.00 Cr.. The value appears strong and on an upward trend. It has increased from 7.00 Cr. (Mar 2025) to 26.00 Cr., marking an increase of 19.00 Cr..
  • For Investments, as of Sep 2025, the value is 684.00 Cr.. The value appears strong and on an upward trend. It has increased from 496.00 Cr. (Mar 2025) to 684.00 Cr., marking an increase of 188.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 1,283.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,313.00 Cr. (Mar 2025) to 1,283.00 Cr., marking a decrease of 30.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 2,996.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,729.00 Cr. (Mar 2025) to 2,996.00 Cr., marking an increase of 267.00 Cr..

Notably, the Reserves (2,222.00 Cr.) exceed the Borrowings (258.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 160177121887087222248223309365432
Cash from Investing Activity + -3007-7-5140-25-1915-166-279-316
Cash from Financing Activity + -140-168-5-134-64-118-176-210-250-145-58-67
Net Cash Flow -991447-4492119-12-22749

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-476.00-376.00-453.00-408.00-464.00-408.00-341.00-149.00101.00289.00405.00362.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2412362011912081772051771258284101
Inventory Days 2091872182031892062481881671429786
Days Payable 2892783313262952594203191731008099
Cash Conversion Cycle 1611458869102124334611912510287
Working Capital Days 4666-11-27150385471756763
ROCE %9%10%10%10%6%10%8%11%17%25%31%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 59.29%59.29%59.29%59.29%59.28%59.28%59.28%59.28%59.28%59.28%59.28%59.28%
FIIs 2.11%2.81%4.88%5.96%7.58%9.10%9.84%9.73%8.65%9.61%8.31%8.09%
DIIs 1.76%2.02%2.92%2.64%2.29%2.55%2.97%3.67%4.39%3.80%4.13%4.48%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.03%0.03%0.04%0.04%0.04%
Public 36.84%35.88%32.90%32.11%30.84%29.07%27.91%27.30%27.65%27.28%28.25%28.11%
No. of Shareholders 63,19265,22081,53987,81693,0511,00,2951,10,5341,07,5491,11,0671,15,5011,26,3191,21,939

Shareholding Pattern Chart

No. of Shareholders

Elecon Engineering Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Franklin India Small Cap Fund 2,667,776 0.85 108.872,375,3802026-02-22 13:50:4512.31%
HDFC Multi Cap Fund 1,536,095 0.33 62.691,200,0002026-02-22 20:50:3928.01%
Sundaram Multi Cap Fund 849,332 1.24 34.66N/AN/AN/A
Sundaram Flexicap Fund 532,101 1.06 21.72N/AN/AN/A
Sundaram ELSS Tax Saver Fund 351,860 1.07 14.36N/AN/AN/A
Templeton India Value Fund 326,951 0.59 13.34294,2912026-02-23 01:15:5111.1%
Bandhan Infrastructure Fund 234,596 0.67 9.57240,4532026-02-20 07:21:24-2.44%
Sundaram Infrastructure Advantage Fund 175,000 0.78 7.14N/AN/AN/A
ITI Large & Midcap Fund 160,176 0.87 6.54N/AN/AN/A
ITI ELSS Tax Saver Fund 80,282 0.79 3.2853,3262026-01-25 13:01:1550.55%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.002.002.002.002.00
Basic EPS (Rs.) 18.5031.6921.1712.525.14
Diluted EPS (Rs.) 18.5031.6921.1712.525.14
Cash EPS (Rs.) 20.8435.6625.2516.729.61
Book Value[Excl.RevalReserv]/Share (Rs.) 89.07142.96114.0093.6081.93
Book Value[Incl.RevalReserv]/Share (Rs.) 89.07142.96114.0093.6081.93
Revenue From Operations / Share (Rs.) 99.24172.68136.34107.2793.11
PBDIT / Share (Rs.) 26.8646.2131.9922.7317.05
PBIT / Share (Rs.) 24.1541.6827.6218.4012.41
PBT / Share (Rs.) 23.5740.9126.4315.077.08
Net Profit / Share (Rs.) 18.1431.1220.8812.394.97
NP After MI And SOA / Share (Rs.) 18.5031.6921.1712.525.14
PBDIT Margin (%) 27.0626.7623.4621.1818.31
PBIT Margin (%) 24.3324.1320.2517.1513.32
PBT Margin (%) 23.7423.6819.3814.047.60
Net Profit Margin (%) 18.2718.0215.3111.555.33
NP After MI And SOA Margin (%) 18.6318.3515.5211.675.51
Return on Networth / Equity (%) 20.7622.1618.5613.376.26
Return on Capital Employeed (%) 24.7127.1122.4617.5012.06
Return On Assets (%) 15.2016.7413.718.172.89
Long Term Debt / Equity (X) 0.000.000.000.010.12
Total Debt / Equity (X) 0.000.000.000.090.26
Asset Turnover Ratio (%) 0.911.000.880.510.41
Current Ratio (X) 3.163.052.521.641.35
Quick Ratio (X) 2.712.471.731.161.05
Inventory Turnover Ratio (X) 9.423.302.662.081.32
Dividend Payout Ratio (NP) (%) 8.109.466.613.190.00
Dividend Payout Ratio (CP) (%) 7.078.285.482.370.00
Earning Retention Ratio (%) 91.9090.5493.3996.810.00
Cash Earning Retention Ratio (%) 92.9391.7294.5297.630.00
Interest Coverage Ratio (X) 46.2160.0226.966.833.20
Interest Coverage Ratio (Post Tax) (X) 32.2141.4118.604.721.93
Enterprise Value (Cr.) 9722.6710394.014074.551601.88816.88
EV / Net Operating Revenue (X) 4.375.362.661.330.78
EV / EBITDA (X) 16.1320.0511.356.284.27
MarketCap / Net Operating Revenue (X) 4.535.502.801.340.68
Retention Ratios (%) 91.8990.5393.3896.800.00
Price / BV (X) 5.046.643.351.540.77
Price / Net Operating Revenue (X) 4.535.502.801.340.68
EarningsYield 0.040.030.050.080.08

After reviewing the key financial ratios for Elecon Engineering Company Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. It has decreased from 2.00 (Mar 24) to 1.00, marking a decrease of 1.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 18.50. This value is within the healthy range. It has decreased from 31.69 (Mar 24) to 18.50, marking a decrease of 13.19.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 18.50. This value is within the healthy range. It has decreased from 31.69 (Mar 24) to 18.50, marking a decrease of 13.19.
  • For Cash EPS (Rs.), as of Mar 25, the value is 20.84. This value is within the healthy range. It has decreased from 35.66 (Mar 24) to 20.84, marking a decrease of 14.82.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 89.07. It has decreased from 142.96 (Mar 24) to 89.07, marking a decrease of 53.89.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 89.07. It has decreased from 142.96 (Mar 24) to 89.07, marking a decrease of 53.89.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 99.24. It has decreased from 172.68 (Mar 24) to 99.24, marking a decrease of 73.44.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 26.86. This value is within the healthy range. It has decreased from 46.21 (Mar 24) to 26.86, marking a decrease of 19.35.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 24.15. This value is within the healthy range. It has decreased from 41.68 (Mar 24) to 24.15, marking a decrease of 17.53.
  • For PBT / Share (Rs.), as of Mar 25, the value is 23.57. This value is within the healthy range. It has decreased from 40.91 (Mar 24) to 23.57, marking a decrease of 17.34.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 18.14. This value is within the healthy range. It has decreased from 31.12 (Mar 24) to 18.14, marking a decrease of 12.98.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 18.50. This value is within the healthy range. It has decreased from 31.69 (Mar 24) to 18.50, marking a decrease of 13.19.
  • For PBDIT Margin (%), as of Mar 25, the value is 27.06. This value is within the healthy range. It has increased from 26.76 (Mar 24) to 27.06, marking an increase of 0.30.
  • For PBIT Margin (%), as of Mar 25, the value is 24.33. This value exceeds the healthy maximum of 20. It has increased from 24.13 (Mar 24) to 24.33, marking an increase of 0.20.
  • For PBT Margin (%), as of Mar 25, the value is 23.74. This value is within the healthy range. It has increased from 23.68 (Mar 24) to 23.74, marking an increase of 0.06.
  • For Net Profit Margin (%), as of Mar 25, the value is 18.27. This value exceeds the healthy maximum of 10. It has increased from 18.02 (Mar 24) to 18.27, marking an increase of 0.25.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 18.63. This value is within the healthy range. It has increased from 18.35 (Mar 24) to 18.63, marking an increase of 0.28.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 20.76. This value is within the healthy range. It has decreased from 22.16 (Mar 24) to 20.76, marking a decrease of 1.40.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 24.71. This value is within the healthy range. It has decreased from 27.11 (Mar 24) to 24.71, marking a decrease of 2.40.
  • For Return On Assets (%), as of Mar 25, the value is 15.20. This value is within the healthy range. It has decreased from 16.74 (Mar 24) to 15.20, marking a decrease of 1.54.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.00.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 0.91. It has decreased from 1.00 (Mar 24) to 0.91, marking a decrease of 0.09.
  • For Current Ratio (X), as of Mar 25, the value is 3.16. This value exceeds the healthy maximum of 3. It has increased from 3.05 (Mar 24) to 3.16, marking an increase of 0.11.
  • For Quick Ratio (X), as of Mar 25, the value is 2.71. This value exceeds the healthy maximum of 2. It has increased from 2.47 (Mar 24) to 2.71, marking an increase of 0.24.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 9.42. This value exceeds the healthy maximum of 8. It has increased from 3.30 (Mar 24) to 9.42, marking an increase of 6.12.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 8.10. This value is below the healthy minimum of 20. It has decreased from 9.46 (Mar 24) to 8.10, marking a decrease of 1.36.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 7.07. This value is below the healthy minimum of 20. It has decreased from 8.28 (Mar 24) to 7.07, marking a decrease of 1.21.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 91.90. This value exceeds the healthy maximum of 70. It has increased from 90.54 (Mar 24) to 91.90, marking an increase of 1.36.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 92.93. This value exceeds the healthy maximum of 70. It has increased from 91.72 (Mar 24) to 92.93, marking an increase of 1.21.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 46.21. This value is within the healthy range. It has decreased from 60.02 (Mar 24) to 46.21, marking a decrease of 13.81.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 32.21. This value is within the healthy range. It has decreased from 41.41 (Mar 24) to 32.21, marking a decrease of 9.20.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 9,722.67. It has decreased from 10,394.01 (Mar 24) to 9,722.67, marking a decrease of 671.34.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 4.37. This value exceeds the healthy maximum of 3. It has decreased from 5.36 (Mar 24) to 4.37, marking a decrease of 0.99.
  • For EV / EBITDA (X), as of Mar 25, the value is 16.13. This value exceeds the healthy maximum of 15. It has decreased from 20.05 (Mar 24) to 16.13, marking a decrease of 3.92.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 4.53. This value exceeds the healthy maximum of 3. It has decreased from 5.50 (Mar 24) to 4.53, marking a decrease of 0.97.
  • For Retention Ratios (%), as of Mar 25, the value is 91.89. This value exceeds the healthy maximum of 70. It has increased from 90.53 (Mar 24) to 91.89, marking an increase of 1.36.
  • For Price / BV (X), as of Mar 25, the value is 5.04. This value exceeds the healthy maximum of 3. It has decreased from 6.64 (Mar 24) to 5.04, marking a decrease of 1.60.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 4.53. This value exceeds the healthy maximum of 3. It has decreased from 5.50 (Mar 24) to 4.53, marking a decrease of 0.97.
  • For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 24) to 0.04, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Elecon Engineering Company Ltd as of March 6, 2026 is: ₹401.28

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.

As of March 6, 2026, Elecon Engineering Company Ltd is Undervalued by 0.32% compared to the current share price ₹400.00

Intrinsic Value of Elecon Engineering Company Ltd as of March 6, 2026 is: ₹513.45

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 6, 2026, Elecon Engineering Company Ltd is Undervalued by 28.36% compared to the current share price ₹400.00

Last 5 Year EPS CAGR: 27.95%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,047.62 cr) compared to borrowings (389.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.15 cr) and profit (187.77 cr) over the years.
  1. The stock has a low average ROCE of 14.58%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 41.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 100.08, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Elecon Engineering Company Ltd:
    1. Net Profit Margin: 18.27%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 24.71% (Industry Average ROCE: 15.76%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 20.76% (Industry Average ROE: 13.09%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 32.21
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.71
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 21.7 (Industry average Stock P/E: 39.19)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Elecon Engineering Company Ltd. is a Public Limited Listed company incorporated on 11/01/1960 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L29100GJ1960PLC001082 and registration number is 001082. Currently company belongs to the Industry of Engineering - Heavy. Company's Total Operating Revenue is Rs. 1871.12 Cr. and Equity Capital is Rs. 22.44 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - HeavyAnand-Sojitra Road, Vallab Vidyanagar Gujarat 388120Contact not found
Management
NamePosition Held
Mr. Prayasvin B PatelChairman & Managing Director (Executive Director)
Mr. Prashant C AminNon Executive Director
Mr. Pradip M PatelNon Executive Director
Mr. Aayush A ShahNon Executive Director
Dr. Sonal V AmbaniIndependent Director
Mr. Ashutosh A PednekarIndependent Director
Mr. Pranav C AminIndependent Director
Mr. Nirmal P BhogilalIndependent Director

FAQ

What is the intrinsic value of Elecon Engineering Company Ltd?

Elecon Engineering Company Ltd's intrinsic value (as of 06 March 2026) is ₹513.45 which is 28.36% higher the current market price of ₹400.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹8,969 Cr. market cap, FY2025-2026 high/low of ₹717/348, reserves of ₹2,222 Cr, and liabilities of ₹2,996 Cr.

What is the Market Cap of Elecon Engineering Company Ltd?

The Market Cap of Elecon Engineering Company Ltd is 8,969 Cr..

What is the current Stock Price of Elecon Engineering Company Ltd as on 06 March 2026?

The current stock price of Elecon Engineering Company Ltd as on 06 March 2026 is ₹400.

What is the High / Low of Elecon Engineering Company Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Elecon Engineering Company Ltd stocks is ₹717/348.

What is the Stock P/E of Elecon Engineering Company Ltd?

The Stock P/E of Elecon Engineering Company Ltd is 21.7.

What is the Book Value of Elecon Engineering Company Ltd?

The Book Value of Elecon Engineering Company Ltd is 100.

What is the Dividend Yield of Elecon Engineering Company Ltd?

The Dividend Yield of Elecon Engineering Company Ltd is 0.50 %.

What is the ROCE of Elecon Engineering Company Ltd?

The ROCE of Elecon Engineering Company Ltd is 28.5 %.

What is the ROE of Elecon Engineering Company Ltd?

The ROE of Elecon Engineering Company Ltd is 23.0 %.

What is the Face Value of Elecon Engineering Company Ltd?

The Face Value of Elecon Engineering Company Ltd is 1.00.

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 Elecon Engineering Company 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
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