Elecon Engineering's Evaluation Score Adjusted Amid Strong Financial Performance and Growth

Elecon Engineering Company, a midcap player in the industrial manufacturing sector, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in the technical trend, moving from a sideways position to a mildly bullish stance.
The company's financial metrics indicate a robust performance, particularly in the latest quarter, Q4 FY24-25, where it reported a significant growth in operating profit at an annual rate of 41.75%. The profit before tax (PBT) for the quarter reached Rs 173.45 crore, marking a growth of 40.79%, while the profit after tax (PAT) stood at Rs 146.48 crore, growing by 41.3%. Additionally, Elecon Engineering boasts a high return on equity (ROE) of 16.24% and maintains a low debt-to-equity ratio of 0.05 times, highlighting its financial stability.

The stock has shown consistent returns over the past three years, outperforming the BSE 500 index in each of the last three annual periods. With a current price of Rs 672.75, the stock has experienced a notable return of 17.46% over the past year, alongside a remarkable 604.45% return over the last three years.

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