Elecon Engineering Co. Ltd.

NSE: ELECON · Capital Goods

₹418.95-4.33%06 Nov 2026

Ask the data

Instant answers about Elecon Engineering Co. Ltd. — computed from its filings, no language model

Market cap₹9,401 cr

Current price₹418.95

High / Low₹569 / ₹355

P/E97.6

P/B3.75

Book value₹111.8

ROE3.8%

ROCE15.3%

Debt / equity0.00

Dividend yield0.48%

EPS (TTM)₹4.29

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,188	1,223	1,088	1,045	1,204	1,530	1,937	2,227	2,366
EBITDA	116	138	140	186	246	339	474	543	523
Operating margin	9.8%	11.3%	12.9%	17.8%	20.5%	22.2%	24.5%	24.4%	22.1%
Interest	66	73	77	60	37	13	9	13	25
Depreciation	53	48	53	52	49	49	51	61	104
Profit before tax	3	84	18	79	169	297	459	529	454
Tax	-2	18	-70	24	30	62	110	122	113
Net profit	7	70	0	58	0	0	356	415	0
EPS ₹	0.67	6.25	7.99	5.14	12.52	21.17	31.69	18.50	15.20
Operating cash flow	—	—	—	—	250	310	365	432	314
Capex	—	—	—	—	49	47	31	66	120
Dividend paid	—	—	—	—	5	16	34	34	45
Total assets	2,165	2,169	2,135	1,993	1,718	1,732	2,124	2,729	3,234
Equity	709	768	854	919	1,050	1,279	1,604	1,999	2,306

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	437	321	273	326	271	266	280	268	135	264	296	350	293	310	271	330	389	389	425	414	485	474	565	392	508	529	798	491	578	552	746	521	639
Operating profit	77	32	23	45	32	40	37	28	-3	59	56	74	59	67	52	69	93	89	93	100	119	120	135	92	112	143	195	130	126	109	158	109	148
Operating margin	17.5%	10.0%	8.5%	13.6%	11.7%	15.0%	13.4%	10.5%	-2.0%	22.3%	18.9%	21.0%	20.1%	21.5%	19.3%	20.8%	23.8%	22.8%	21.9%	24.1%	24.5%	25.4%	24.0%	23.5%	22.1%	27.0%	24.5%	26.6%	21.7%	19.8%	21.2%	21.0%	23.1%
Other income	3	50	11	2	1	3	6	1	1	2	2	1	2	2	1	4	4	4	8	8	13	10	13	14	11	16	19	26	18	19	18	22	20
Interest	16	16	16	20	20	19	20	19	16	15	14	14	14	12	5	7	3	2	5	2	3	1	2	2	2	3	5	6	6	7	6	8	10
Depreciation	15	12	12	12	12	13	13	16	13	13	13	13	12	12	12	12	12	12	14	12	13	13	13	13	13	16	19	25	25	27	27	30	33
Profit before tax	49	53	7	15	1	12	11	-6	-31	33	31	47	35	44	37	53	82	78	82	94	115	116	134	92	108	139	190	207	113	94	40	93	125
Tax	-3	5	5	6	1	3	2	-76	-10	11	7	16	8	9	6	7	19	16	16	22	29	27	33	21	23	33	46	32	25	22	34	23	28
Net profit	53	49	0	10	0	0	0	0	0	0	0	32	0	0	0	0	0	0	0	0	89	90	104	73	88	108	146	0	88	0	0	0	96
EPS ₹	4.76	4.40	0.27	0.90	0.04	0.87	0.83	6.25	-1.84	1.96	2.20	2.82	2.43	3.15	2.81	4.13	5.75	5.59	6.06	6.50	7.89	8.06	9.24	6.54	3.91	4.79	6.53	7.82	3.91	3.21	0.27	3.14	4.29
Revenue YoY	—	—	—	-25.4%	—	-17.0%	2.5%	-17.7%	-50.3%	-0.9%	6.0%	30.4%	117.1%	17.7%	-8.5%	-5.8%	25.2%	43.5%	28.7%	—	24.8%	21.8%	33.0%	-5.3%	4.8%	11.7%	41.3%	25.0%	13.8%	4.3%	-6.5%	6.1%	10.5%
Profit YoY	—	—	—	-81.0%	—	-100.0%	—	-100.0%	—	—	—	—	—	—	—	-100.0%	—	—	—	—	—	—	—	—	-1.0%	19.0%	41.3%	-100.0%	0.0%	-100.0%	-100.0%	—	9.8%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Elecon Engineering Co. Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	961	1,055	1,185	1,337	949	501	503	519	922
Operating profit	155	158	184	207	148	100	107	105	148
Operating margin	16.1%	15.0%	15.5%	15.5%	15.6%	20.0%	21.2%	20.2%	16.1%
Other income	—	—	21	—	9	18	23	39	11
Interest	48	51	46	57	50	33	30	35	54
Depreciation	22	33	38	42	48	45	52	47	46
Profit before tax	88	90	121	110	60	39	48	61	60
Tax	31	24	33	40	13	12	14	18	31
Net profit	57	66	88	70	48	27	33	43	28

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	184	185	328	169	252	247	294	214	257	251	332	247	281	302	354	257	337	301	442	236	330	202	181	105	121	112	163	96	118	113	176	98	111	120	190	112	202	237	371	176	178	195
Operating profit	31	35	44	29	38	38	50	35	37	39	47	38	40	50	56	45	50	49	64	32	60	32	25	18	25	25	33	18	19	28	42	23	28	19	35	26	18	17	87	-16	21	25
Operating margin	16.7%	18.8%	13.4%	17.0%	15.2%	15.4%	17.0%	16.2%	14.6%	15.5%	14.2%	15.3%	14.2%	16.4%	15.9%	17.5%	14.7%	16.2%	14.5%	13.4%	18.3%	15.7%	13.6%	16.7%	20.3%	21.9%	20.5%	18.4%	16.3%	24.4%	23.9%	23.5%	24.9%	15.5%	18.7%	23.7%	9.0%	7.1%	23.4%	-9.1%	11.6%	12.7%
Other income	3	2	2	1	3	—	—	—	—	8	8	0	0	21	0	—	0	—	1	4	2	1	2	5	8	1	3	6	2	1	13	2	3	26	8	5	3	1	1	1	2	2
Interest	6	9	9	7	11	14	16	14	13	11	12	10	11	12	13	13	14	14	15	15	16	12	6	6	9	9	9	8	7	7	8	8	9	9	9	8	16	15	15	13	15	15
Depreciation	4	4	4	4	5	6	7	7	8	8	10	9	10	10	10	10	11	11	11	11	12	12	12	11	11	11	11	14	11	12	15	12	12	12	12	10	12	12	11	11	12	12
Profit before tax	25	24	34	18	24	18	27	13	16	27	34	19	20	48	34	22	25	24	39	9	34	8	9	5	12	6	16	2	4	10	32	6	10	23	22	13	-7	-10	63	-39	-4	1
Tax	8	8	11	6	8	6	10	4	6	7	7	6	6	11	10	7	9	9	15	3	11	1	-2	2	3	1	5	1	1	3	10	2	3	6	7	4	-4	-2	34	-0	-0	0
Net profit	17	17	23	12	16	13	17	8	11	20	27	13	14	37	24	15	16	15	24	6	23	7	11	3	9	4	11	1	3	6	23	4	7	17	16	10	-3	-8	29	-39	-4	0
EPS ₹	5.57	3.38	2.48	1.29	1.72	1.35	1.83	0.92	1.16	2.14	2.92	1.43	1.53	3.97	2.54	1.61	1.68	1.64	2.57	0.69	2.47	0.76	1.02	0.30	0.81	0.41	1.00	0.11	0.25	0.59	2.09	0.33	0.63	1.57	1.43	0.90	-0.27	-0.67	2.59	-3.45	-0.34	0.04
Revenue YoY	—	—	—	—	37.3%	33.2%	-10.6%	27.2%	1.9%	1.9%	13.2%	15.2%	9.3%	20.4%	6.5%	4.1%	19.9%	-0.4%	24.8%	-8.4%	-2.1%	-33.0%	-59.0%	-55.3%	-63.4%	-44.4%	-10.1%	-8.9%	-2.3%	1.1%	7.9%	1.8%	-5.4%	6.0%	7.7%	14.6%	81.4%	97.2%	95.6%	57.5%	-11.7%	-17.7%
Profit YoY	—	—	—	—	-7.0%	-24.6%	-26.1%	-28.8%	-32.8%	58.5%	59.4%	56.7%	31.9%	85.7%	-12.9%	11.9%	9.6%	-58.6%	1.4%	-57.1%	47.5%	-53.7%	-53.2%	-49.1%	-61.6%	-37.2%	-2.4%	-61.7%	-69.8%	46.3%	109.1%	185.6%	158.8%	164.5%	-31.8%	173.7%	-143.8%	-143.8%	87.2%	-496.6%	—	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	7.8%	1.3%	1.3%	0.0%	0.0%	0.0%	0.0%	3.4%	3.4%	3.4%	3.4%	0.0%	0.0%	6.3%	12.7%	17.6%	22.2%	20.2%	21.2%	20.8%	17.1%	15.2%	10.4%	3.8%	3.8%	3.8%
ROCE	11.5%	8.4%	9.1%	7.6%	4.7%	6.1%	7.2%	11.5%	16.8%	17.5%	17.2%	17.9%	27.2%	26.9%	29.6%	29.2%	29.0%	26.1%	27.5%	27.1%	33.0%	29.8%	27.9%	20.8%	15.9%	15.3%
Net margin	5.0%	0.9%	0.9%	0.0%	0.0%	0.0%	0.0%	3.0%	2.6%	2.5%	2.6%	0.0%	0.0%	5.2%	10.0%	14.6%	18.6%	18.3%	18.7%	18.6%	14.7%	14.3%	9.7%	3.7%	3.7%	3.9%
EBITDA margin	11.0%	12.3%	13.4%	12.7%	10.9%	12.9%	14.6%	17.8%	20.6%	20.4%	20.5%	20.5%	23.1%	23.4%	24.0%	24.5%	24.4%	23.7%	24.2%	24.4%	25.0%	24.8%	23.2%	22.1%	20.9%	21.3%
Debt / equity	0.68	0.68	0.68	0.47	0.47	0.47	0.47	0.31	0.31	0.31	0.31	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	2.07	1.47	1.50	1.23	0.81	1.09	1.41	2.33	3.56	3.92	4.67	5.53	29.82	33.02	37.43	54.12	55.03	57.12	48.35	41.56	39.09	32.78	26.38	19.22	13.67	12.18
Asset turnover	0.55	0.52	0.53	0.51	0.44	0.44	0.45	0.52	0.60	0.63	0.61	0.70	0.93	0.91	0.96	0.91	0.90	0.83	0.85	0.82	0.85	0.80	0.81	0.73	0.74	0.69

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	22	22	22	22	22	22	22	22	22	22	22	22	22	22	22	22	22	22
Other equity / reserves	510	514	682	687	686	746	832	897	1,028	1,110	1,257	1,392	1,582	1,732	1,976	2,222	2,283	2,487
Total equity	532	536	704	710	709	768	854	919	1,050	1,132	1,279	1,415	1,604	1,754	1,999	2,244	2,306	2,509
Borrowings	577	503	574	503	544	525	402	286	100	0	0	0	0	0	3	0	0	0
Current liabilities	—	—	1,208	1,119	1,140	1,020	1,015	839	540	380	352	375	399	438	537	489	666	717
Non-current liabilities	—	—	294	265	315	381	266	235	129	111	100	91	121	155	194	264	262	336
Total assets	2,061	1,968	2,206	2,094	2,165	2,169	2,135	1,993	1,718	1,622	1,732	1,881	2,124	2,347	2,729	2,996	3,234	3,562
Property, plant & equipment	471	409	786	755	710	678	590	548	523	593	608	610	516	504	555	565	583	633
Capital work-in-progress	7	4	6	1	1	5	0	0	1	8	0	0	1	17	7	26	23	42
Investments	14	15	46	49	51	54	53	53	54	55	77	107	286	393	496	684	743	917
Inventories	358	346	359	302	285	319	307	250	262	281	279	262	230	267	243	272	301	370
Receivables	853	858	706	628	671	593	612	508	415	375	346	376	445	449	614	511	721	602
Cash & equivalents	22	32	44	91	47	56	77	96	84	83	82	116	110	98	159	119	169	125

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	12	188	70	87	222	248	250	310	365	432	314
Cash from investing	7	-7	-51	40	-25	-19	-12	-167	-279	-316	-220
Cash from financing	-5	-134	-64	-118	-176	-210	-250	-145	-59	-67	-122
Capex	24	11	30	45	14	4	49	47	31	66	120
Free cash flow	-11	177	41	42	209	244	201	263	333	366	195
Dividends paid	14	14	7	3	3	0	5	16	34	34	45

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹633 cr18%

CWIP

₹42 cr1%

Investments

₹917 cr26%

Inventories

₹370 cr10%

Receivables

₹602 cr17%

Cash & equivalents

₹125 cr4%

Other assets

₹873 cr25%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Elecon Engineering Co. Ltd.	9,401	418.95	97.6	3.75	3.8%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-5.1%

6 months-25.5%

1 year-25.2%

3Y CAGR-3.2%

5Y CAGR+37.8%

10Y CAGR+29.6%

50-day avg₹434.96

200-day avg₹451.57

RSI (14)31

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FAQs

What is the share price of Elecon Engineering Co. Ltd.?

Elecon Engineering Co. Ltd. (ELECON) closed at ₹418.95 on NSE on 06 Nov 2026.

What is the market cap of Elecon Engineering Co. Ltd.?

₹9,401 crore at the latest close.

What is the P/E ratio of Elecon Engineering Co. Ltd.?

97.6, on trailing-twelve-month earnings from its filings.

How fast is Elecon Engineering Co. Ltd. growing?

Elecon Engineering Co. Ltd.: revenue has compounded at 15.6% a year over three years. Latest-quarter revenue is up 10.5% year on year, profit up 9.8%.

How profitable is Elecon Engineering Co. Ltd.?

On a trailing-twelve-month basis return on equity is 3.8%, return on capital employed 15.3%, operating margin 21.3%, net margin 3.9%.

How much debt does Elecon Engineering Co. Ltd. have?

Elecon Engineering Co. Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹125 cr (balance sheet of 2026-09-30). Operating profit covers interest 12.2 times.

Financials parsed from Elecon Engineering Co. Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.