Elecon Engineering Co. Ltd.
NSE: ELECON · Heavy Electrical Equipment
Snapshot
Unlock Elecon Engineering Co. Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Elecon Engineering Co. Ltd. is a prominent manufacturer of power transmission equipment and material handling systems. The company serves a diverse range of industrial sectors including cement, steel, mining, power, and defense through its specialized gearboxes, couplings, and bulk material handling solutions.
Business Model
The company generates revenue through the design, manufacturing, and sale of industrial gearboxes and material handling equipment, complemented by foundry operations and aftermarket support services. It operates through two primary segments: Transmission Equipment and Material Handling Equipment.
Growth Outlook
Growth is driven by increasing industrial capital expenditure in India and the expansion of infrastructure projects such as ports and power generation. The company continues to leverage its expertise in custom-built gearboxes and material handling systems to capture demand from core sectors like steel and cement.
Key Risks
- Cyclical Industrial Demand. The company's performance is highly sensitive to capital expenditure cycles in core industries like steel, cement, and mining.
- Raw Material Price Volatility. Fluctuations in the prices of steel and other ferrous/non-ferrous metals can significantly impact manufacturing margins.
- Competitive Pressure. The heavy engineering sector faces intense competition from both domestic players and international manufacturers offering similar power transmission solutions.
- Execution Risk. Delays in large-scale material handling projects or infrastructure contracts could adversely affect revenue recognition and cash flows.
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Key Metrics
REVENUE
₹2,396 Cr
TTM · consolidated
NET PROFIT
₹236 Cr
TTM · consolidated
EPS
₹10.53
TTM · consolidated
RETURN ON EQUITY
11.0%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
15.4%
TTM · consolidated
P/E
41.2x
Q1 FY27 · consolidated
EV/EBITDA
16.5x
Q1 FY27 · consolidated
EBITDA MARGIN
24.1%
TTM · consolidated
NET PROFIT MARGIN
13.5%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Heavy Electrical Equipment
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Elecon Engineering Co. Ltd.ELECON | ₹9,733 Cr | 41.19 | 16.53 | 3.0% | 24.1% | 11.0% | 15.4% | -21.6% |
Quality Power Electrical Equipments LtdQPOWER | ₹11,580 Cr | 86.89 | 45.26 | — | 25.2% | 40.4% | 33.0% | +73.6% |
Voltamp Transformers LimitedVOLTAMP | ₹11,552 Cr | 36.43 | 26.36 | 17.8% | 19.1% | 18.8% | 24.5% | +43.7% |
Transformers And Rectifiers (India) Ltd.TARIL | ₹9,033 Cr | 34.67 | 21.30 | — | 17.4% | 17.8% | 25.5% | -39.9% |
Skipper LimitedSKIPPER | ₹6,674 Cr | 29.70 | 11.75 | 17.2% | 11.5% | 16.7% | 27.2% | +7.5% |
Powerica LimitedPOWERICA | ₹6,645 Cr | — | — | — | 12.0% | — | — | — |
As of Q1 FY27
Financials
Elecon Engineering Co. Ltd.
NSE: ELECON · Heavy Electrical Equipment
Snapshot
Unlock Elecon Engineering Co. Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Elecon Engineering Co. Ltd. is a prominent manufacturer of power transmission equipment and material handling systems. The company serves a diverse range of industrial sectors including cement, steel, mining, power, and defense through its specialized gearboxes, couplings, and bulk material handling solutions.
Business Model
The company generates revenue through the design, manufacturing, and sale of industrial gearboxes and material handling equipment, complemented by foundry operations and aftermarket support services. It operates through two primary segments: Transmission Equipment and Material Handling Equipment.
Growth Outlook
Growth is driven by increasing industrial capital expenditure in India and the expansion of infrastructure projects such as ports and power generation. The company continues to leverage its expertise in custom-built gearboxes and material handling systems to capture demand from core sectors like steel and cement.
Key Risks
- Cyclical Industrial Demand. The company's performance is highly sensitive to capital expenditure cycles in core industries like steel, cement, and mining.
- Raw Material Price Volatility. Fluctuations in the prices of steel and other ferrous/non-ferrous metals can significantly impact manufacturing margins.
- Competitive Pressure. The heavy engineering sector faces intense competition from both domestic players and international manufacturers offering similar power transmission solutions.
- Execution Risk. Delays in large-scale material handling projects or infrastructure contracts could adversely affect revenue recognition and cash flows.
Start your research today
Unlock AI insights, financials, peers and live data on Elecon Engineering Co. Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹2,396 Cr
TTM · consolidated
NET PROFIT
₹236 Cr
TTM · consolidated
EPS
₹10.53
TTM · consolidated
RETURN ON EQUITY
11.0%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
15.4%
TTM · consolidated
P/E
41.2x
Q1 FY27 · consolidated
EV/EBITDA
16.5x
Q1 FY27 · consolidated
EBITDA MARGIN
24.1%
TTM · consolidated
NET PROFIT MARGIN
13.5%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Heavy Electrical Equipment
As of Q1 FY27