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Prices as of 9 Oct 2026 close · Not investment advice

Elecon Engineering Company Limited

NSE: ELECONHeavy Electrical Equipment

Share price

₹416.40

-0.13% close of 9 Oct 2026

Market cap ₹9,161 CrP/E 30.3

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

63

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹9,161 Cr

P/E ratio

30.3

P/B ratio

4.0

ROCE

20.9%

ROE

16.5%

Dividend yield

0.5%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹603.8552-week low ₹354.75

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 3.0% over the past year, and 5.1% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 20.2% to 20.9% over the last four years.

Whether it grew faster than its sector

It grew 5.1% a year against a sector median of 10.6% — 5.6 percentage points slower.

Room to re-rate, or risk of de-rating

At 30.4× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 92.3×, across 5 companies. It is against its own five-year median of 30.2×, the 51st percentile of its own range.

Whether growth justifies the valuation

Priced at 2.2 times its growth rate, on earnings growth of 14%.

Profit growthPrice per ₹1 profitPer 1% growth
Elecon Engineering Company Limited — this one14%/yr30.4×₹2.2
Bharat Heavy Electricals36%/yr61.5×₹1.7
ABB India—92.3×—
Hitachi Energy India Limited122%/yr121.2×—
CG Power and Industrial Solutions Limited10%/yr106.7×₹10.7
Siemens India23%/yr86.0×₹3.7

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Heavy Electrical Equipment), it ranks 23 of 36 on returns, 23 of 31 on growth, 6 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 20.9% on capital, ahead of 36% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1636 crore of cash from the business, spent ₹247 crore on plant and equipment, and returned ₹642 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 148 arrived as cash (before interest, which is why it can exceed the profit).

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result

What the last results showed. Whether management kept its word is in Pro.

Results are expected soon.

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹9,161 Cr
Prev close
₹416.40
52w High
₹616
52w Low
₹352
Enterprise value
₹8,626 Cr
Beta
1.5
Price CAGR 1y
-27.0%
Price CAGR 3y
5.0%
Price CAGR 5y
39.0%
Price CAGR 10y
30.0%

Ratios

Return on assets
10.5%
PEG ratio
2.2
P/E ratio
30.3
P/B ratio
4.0
EV / EBITDA
17.2
Industry P/E
48.8
ROCE
20.9%
ROCE 5y average
24.4%
ROE
16.5%
Debt / Equity
0.1
Interest coverage
19.2
Dividend yield
0.5%
ROE 3y average
21.0%
ROE last year
16.0%

Annual P&L

Annual revenue
₹2,366 Cr
Annual profit
₹341 Cr
Operating margin
22.0%
Net profit margin
14.4%
EBITDA margin
22.1%
Sales growth 3y
15.6%
Sales growth 5y
17.8%
Profit growth 3y
14.0%
Profit growth 5y
44.0%
EPS
₹15.2
Sales growth TTM
3.0%
Profit growth TTM
-33.0%
Dividend payout
13.0%

Quarter P&L

Sales latest quarter
₹521 Cr
Profit latest quarter
₹70 Cr
YoY quarterly sales growth
6.1%
YoY quarterly profit growth
-60.0%
OPM latest quarter
21.0%

Balance Sheet

Book Value
₹105
Face Value
₹1.0
Total debt
₹273 Cr
Total cash
₹213 Cr
Borrowings
₹273 Cr
Reserves / Equity
103.8

Cash Flow

Operating cash flow
₹314 Cr
Free cash flow
₹218 Cr
FCF yield
2.1%
Net cash flow
₹10 Cr

Shareholding

Promoter holding
59.3%
FII holding
7.0%
DII holding
7.2%
Public holding
26.5%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
B H E L448.5064.21,56,1710.31376.7182.77,697.740.39.1
A B B7,005.0096.31,48,4420.56362.38.03,558.921.029.9
CG Power & Ind894.50110.71,40,9260.15308.316.33,280.814.026.7
Hitachi Energy31,610.00118.31,40,8930.03294.2123.52,493.768.629.4
Siemens3,793.0089.81,35,0770.472,143.1-18.64,713.714.821.4
Siemens Ener.Ind3,344.0078.01,19,0870.12440.967.82,485.639.367.8
GE Vernova T&D4,316.3081.81,10,5190.23363.024.61,836.138.077.4
Elecon Engg.Co441.2532.89,9020.4570.4-34.6520.66.120.9
Median448.5033.76,1140.0441.215.5466.320.123.5

Competes with: ABB India, Bharat Heavy Electricals, CG Power and Industrial Solutions Limited, GE Vernova T&D India Limited, Hitachi Energy India Limited, Siemens Energy India Limited, Siemens India

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales414485474565392508529798491578552746521
Expenses314366353429300396386602360452443588411
Material Cost346206281286401273
Change in Inventories55-165.74-19-19-42
Purchases of Stock-in-Trade000000
Employee Cost675958596662
Other Expenses134111109117140119
Operating Profit10011912013592112143195130126109158109
OPM %24242524242227242722202121
Other Income9141116171417211081819-8422
Exceptional items (within Other Income)08000-1020
Interest2312223566768
Depreciation12131313131316192525272730
Profit before tax9411711713694111140192207113944093
Tax %23242324222123241522238524
Net Profit73899010473881081461758872670
EPS in Rs3.253.954.034.623.273.914.796.537.823.913.210.273.14
Diluted EPS in Rs6.537.823.913.210.273.14

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,3291,2801,2021,1801,2251,0881,0441,2121,5301,9372,2272,3662,396
Expenses1,1531,1051,0271,0551,0849478589601,1891,4631,6791,8431,894
Material Cost1,0161,174
Change in Inventories13-49
Purchases of Stock-in-Trade00
Employee Cost209241
Other Expenses447476
Operating Profit176176175126140142186252341475548523502
OPM %13141511111318212224252221
Other Income17291286998522506360-25
Exceptional items (within Other Income)0-21
Interest8783907574786038149132527
Depreciation7262535348535249495161104109
Profit before tax3460446882081171300465537454341
Tax %493775-3321-360291821242325
Net Profit1737117709058140238356415341236
EPS in Rs0.751.720.480.333.1242.576.261116191511
Diluted EPS in Rs1915
Dividend Payout %7332523030811991113

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
6%
5 years
18%
3 years
16%
TTM
3%

Compounded profit growth

10 years
29%
5 years
44%
3 years
14%
TTM
-33%

Stock price CAGR

10 years
30%
5 years
39%
3 years
5%
1 year
-27%

Return on equity

10 years
15%
5 years
20%
3 years
21%
Last year
16%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222222222222222222222
Reserves5146826876867468328971,0281,2571,5821,9762,283
Borrowings5526295835905484833351515270181273
Other Liabilities877870794857849792733513399449550655
Minority Interest0
Total Liabilities1,9642,2032,0872,1562,1652,1291,9881,7151,7302,1232,7293,234
Fixed Assets523898861834799799758739754769914930
CWIP4821500101723
Investments154949515453535477286496743
Other Assets1,4221,2481,1751,2701,3071,2771,1769218991,0671,3131,538
Total Assets1,9642,2032,0872,1562,1652,1291,9881,7151,7302,1232,7293,234

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity177121887087222248223309365425314
Cash from Investing Activity07-7-5140-25-1915-166-279-309-182
Cash from Financing Activity-168-5-134-64-118-176-210-250-145-58-67-122
Net Cash Flow91447-4492119-12-2274910
Free Cash Flow1771618052103209245209263339361217

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2362011912081772051771258284101111
Inventory Days187218203189206248188167142978698
Days Payable2783313262952594203191731008010094
Cash Conversion Cycle1458869102124334611912510287115
Working Capital Days66-11-2715038547175676374
ROCE %1010106107111725312821

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters595959595959595959595959
FIIs4.885.967.589.109.849.738.659.618.318.097.136.99
DIIs2.922.642.292.552.973.674.393.804.134.485.677.18
Government00000.010.030.030.040.040.040.040.04
Public333231292827282728282827
No. of Shareholders81,53987,81693,0511,00,2951,10,5341,07,5491,11,0671,15,5011,26,3191,21,9391,22,5741,16,624

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -31.0% (₹603.85 → ₹416.40)Brick size ₹17.80 (fixed)Bricks 52
₹500₹600₹416Nov '25Jan '26Mar '26May '26Jul '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹416.40 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

29.00pct

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-534inr_cr

2026-03-31

order book, Rs crore

1,518inr_cr

2026-06-30

order inflow

755inr_cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

2,14,70,075inr

2026-03-31

News

News and filings about Elecon Engineering Company Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • SG iron castings
  • carbon / alloy / stainless steel castings
  • copper alloys and aluminium alloys
  • steel (plate, bar, forgings)

Depends on the price of

  • aluminium
  • copper
  • steel

Sells to

  • Bharat Heavy Electricals · material-handling equipment (stacker-cum-reclaimer, conveyors) for thermal power projects
  • Dalmia Bharat · central drive mill gearboxes / MHE for cement plants
  • Larsen & Toubro · vibrating grizzly feeders (BHEL Yadadri project)
  • NTPC Limited · gears + material handling equipment for power plants
  • Tata Steel · industrial gearboxes / power transmission for steel plants

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Heavy Electrical Equipment
Classification
Capital Goods › Heavy Electrical Equipment
ISIN
INE205B01031

Business segments

  • Transmission Equipment · 71%
  • Material Handling Equipment · 30%

Plants

  • Elecon Vallabh Vidyanagar plant

News impact

Big market events that reach Elecon Engineering Company Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

12 Jun 2026unspecified₹1.5
16 Oct 2025interim₹0.5
13 Jun 2025unspecified₹1.5
28 Oct 2024interim₹0.5
19 Jul 2024split₹0
14 Jun 2024unspecified₹2
31 Oct 2023interim₹1
9 Jun 2023unspecified₹2

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
23 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDBUY12,53,604₹463.09
23 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDSELL12,53,604₹463.43

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.