Eimco Elecon(I)

Why is Eimco Elecon (India) Ltd falling/rising?

As of 11-Jun, Eimco Elecon (India) Ltd's stock price is 1,533.15, down 0.99% and reflecting a downward trend with a year-to-date decline of 4.03% and a significant 38.87% drop over the past year. Despite outperforming its sector today, the stock's overall performance is negative, indicated by bearish moving averages and consecutive declines.

As of 11-Jun, Eimco Elecon (India) Ltd's stock price is currently at 1,533.15, reflecting a decrease of 15.35 points, or 0.99%. The stock has been experiencing a downward trend, having fallen for the last two days, resulting in a total decline of 1.12% during this period. <BR><BR>In terms of performance relative to the market, the stock has outperformed the sector by 1.8% today, but this is overshadowed by its overall negative returns in the longer term. Year-to-date, the stock has decreased by 4.03%, while over the past year, it has plummeted by 38.87%. Comparatively, the benchmark Sensex has also faced losses, but the stock's decline is significantly steeper.<BR><BR>Despite some positive indicators, such as a rise in delivery volume by 11.11% against the 5-day average, the stock's moving averages indicate a bearish trend, being lower than the 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that the stock is not maintaining upward momentum over these longer periods. <BR><BR>Overall, the combination of consecutive declines, significant year-over-year losses, and unfavorable moving averages contribute to the current falling price of Eimco Elecon (India) Ltd.

Which are the latest news on Eimco Elecon(I)?

How big is Eimco Elecon(I)?

As of 10th June, Eimco Elecon (India) Ltd has a market capitalization of 893.00 Cr, with recent Net Sales of 227.45 Cr and a Net Profit of 38.55 Cr. The company has Shareholder's Funds of 386.17 Cr and Total Assets of 450.37 Cr.

As of 10th June, Eimco Elecon (India) Ltd has a market capitalization of 893.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Eimco Elecon reported Net Sales of 227.45 Cr and a Net Profit of 38.55 Cr.<BR><BR>For the latest annual period, the company has Shareholder's Funds amounting to 386.17 Cr and Total Assets of 450.37 Cr.

Who are in the management team of Eimco Elecon(I)?

The management team of Eimco Elecon(I) includes P M Patel (Chairman), P C Amin (Director), Nirmal Bhogilal, Manjuladevi Shroff, Reena P Bhagwati (Independent Directors), Prayasvin Patel, Mukulnarayan Dwivedi (Executive Directors), Rikenkumar Dalwadi (Company Secretary), and Venkatraman Srinivasan (Additional Independent Director). They oversee the company's strategic direction and governance.

The management team of Eimco Elecon(I) includes the following members:<BR><BR>1. **P M Patel** - Chairman (Non-Executive)<BR>2. **P C Amin** - Director<BR>3. **Nirmal Bhogilal** - Independent Director<BR>4. **Manjuladevi Shroff** - Independent Director<BR>5. **Reena P Bhagwati** - Independent Director<BR>6. **Prayasvin Patel** - Executive Director<BR>7. **Rikenkumar Dalwadi** - Company Secretary & Compliance Officer<BR>8. **Mukulnarayan Dwivedi** - Executive Director<BR>9. **Venkatraman Srinivasan** - Additional Independent Director<BR><BR>This team is responsible for guiding the strategic direction and governance of the company.

Who are the peers of the Eimco Elecon(I)?

Eimco Elecon(I)'s peers include Gala Precis. Eng, MIC Electronics, Rajoo Engineers, and others. In terms of management risk, Eimco Elecon(I) is rated average, with a 1-year return of -38.18%, better than MIC Electronics but worse than Z-Tech (India) at 0.00%.

Peers: The peers of Eimco Elecon(I) are Gala Precis. Eng, MIC Electronics, Rajoo Engineers, Mamata Machinery, Kabra Extrusion, Bajaj Steel Inds, Z-Tech (India), Macpower CNC, OSEL Devices, and Cellecor Gadgets.<BR><BR>Quality Snapshot: Excellent management risk is observed at Gala Precis. Eng, Rajoo Engineers, and Z-Tech (India), while Average management risk is found at Eimco Elecon(I), Mamata Machinery, Kabra Extrusion, Bajaj Steel Inds, Macpower CNC, and the rest. Growth is Excellent at Rajoo Engineers and Z-Tech (India), Good at Gala Precis. Eng, Eimco Elecon(I), and Macpower CNC, while Below Average growth is noted at Mamata Machinery and Kabra Extrusion. Excellent capital structure is seen at Gala Precis. Eng, Rajoo Engineers, Eimco Elecon(I), Mamata Machinery, Bajaj Steel Inds, and the rest, while Good capital structure is found at Kabra Extrusion and OSEL Devices.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Z-Tech (India) with 0.00%, while MIC Electronics has the lowest at -37.72%. Eimco Elecon(I) has a 1-year return of -38.18%, which is lower than that of Z-Tech (India) but higher than MIC Electronics. Additionally, the six-month return is negative for MIC Electronics, Rajoo Engineers, Mamata Machinery, Bajaj Steel Inds, and Kabra Extrusion.

What does Eimco Elecon(I) do?

Eimco Elecon (India) Ltd is a micro-cap company specializing in hi-tech drills and loaders for underground mining, established in 1974. As of March 2026, it reported net sales of 67 Cr and a net profit of 6 Cr, with a market cap of INR 893 Cr.

Overview: <BR>Eimco Elecon (India) Ltd is a micro-cap company in the industrial manufacturing sector, specializing in the production of hi-tech drills and loaders for underground mining.<BR><BR>History: <BR>Established in 1974, Eimco Elecon (India) Ltd was formed as a joint venture between Elecon Engineering Co. and Envirotech Corporation, a subsidiary of Baker Hughes. The latest reported quarterly results indicate net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 67 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 6 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 893 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 23.00 <BR>Industry P/E: 37 <BR>Dividend Yield: 0.32% <BR>Debt-Equity: -0.02 <BR>Return on Equity: 8.28% <BR>Price to Book: 1.93 <BR><BR>Contact Details: <BR>Address: Anand-Sojitra Road, Vallabh Vidyanagar Anand Gujarat : 388120 <BR>Tel: 91-2692-230502/230602 <BR>Email: investor@eimcoelecon.in <BR>Website: http://www.eimcoelecon.co.in

Should I buy, sell or hold Eimco Elecon (India) Ltd?

Are Eimco Elecon (India) Ltd latest results good or bad?

Eimco Elecon (India) Ltd's latest Q3 FY26 results show strong growth with a 22.5% increase in net profit and a 74.72% rise in net sales; however, concerns remain due to low return on equity, high P/E ratio, and reliance on non-operating income, indicating caution for investors.

Eimco Elecon (India) Ltd's latest results for Q3 FY26 show a mixed picture. On the positive side, the company reported a net profit of ₹12.52 crores, which is a significant sequential increase of 22.5% from the previous quarter. Additionally, net sales surged by 74.72% to ₹84.30 crores, indicating strong quarter-on-quarter growth. The operating margin also improved to 19.82%, up 335 basis points from the last quarter, suggesting better operational efficiency.<BR><BR>However, despite these improvements, there are notable concerns. The return on equity (ROE) remains low at 4.92%, which is below industry standards and indicates inefficiencies in capital deployment. The price-to-earnings (P/E) ratio of 24.46x is considered very expensive, especially given the company's weak return ratios. Furthermore, a significant portion of the profit before tax (36.93%) came from non-operating sources, raising questions about the sustainability of profitability from core operations.<BR><BR>Overall, while the recent quarterly performance shows recovery and growth, the underlying structural weaknesses and high valuation multiples suggest caution for investors.

When is the next results date for Eimco Elecon (India) Ltd?

The next results date for Eimco Elecon (India) Ltd is January 8, 2026.

The next results date for Eimco Elecon (India) Ltd is scheduled for January 8, 2026.

Is Eimco Elecon(I) technically bullish or bearish?

As of November 4, 2025, the technical trend is bearish with moderate strength, indicated by bearish MACD, Bollinger Bands, and moving averages, despite mild bullishness in OBV, and the stock has underperformed against the Sensex.

As of 4 November 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly chart, bearish Bollinger Bands on both weekly and monthly time frames, and bearish moving averages on the daily chart. The KST is also bearish on the weekly chart. Although the OBV shows mild bullishness on the weekly, it is not enough to counter the overall bearish sentiment. The stock has underperformed significantly against the Sensex over multiple time frames, further supporting the bearish outlook.

How has been the historical performance of Eimco Elecon(I)?

Eimco Elecon(I) has experienced significant growth from March 2022 to March 2024, with net sales increasing from 84.44 crore to 227.50 crore and profit after tax rising from 8.52 crore to 38.54 crore, reflecting strong operational efficiency and improved cash flow. Total assets and liabilities both grew to 450.37 crore, indicating a stable financial structure.

Answer:<BR>The historical performance of Eimco Elecon(I) shows significant growth in net sales and profitability over the years, particularly from March 2022 to March 2024.<BR><BR>Breakdown:<BR>Eimco Elecon(I) has demonstrated a strong upward trend in net sales, increasing from 84.44 crore in March 2022 to 227.50 crore in March 2024. This growth is accompanied by a rise in total operating income, which reached 227.50 crore in March 2024, up from 84.44 crore in March 2022. The company's operating profit (PBDIT) also saw a substantial increase, climbing from 18.39 crore in March 2022 to 56.47 crore in March 2024, reflecting improved operational efficiency. Profit before tax rose from 9.88 crore in March 2022 to 48.08 crore in March 2024, while profit after tax increased from 8.52 crore to 38.54 crore in the same period. The earnings per share (EPS) surged from 15.04 in March 2022 to 66.81 in March 2024, indicating enhanced shareholder value. On the balance sheet, total assets grew from 365.54 crore in March 2022 to 450.37 crore in March 2024, while total liabilities increased from 365.54 crore to 450.37 crore, maintaining a stable financial structure. The cash flow from operating activities improved significantly, reaching 11.00 crore in March 2024, compared to -9.00 crore in March 2022, showcasing a positive shift in cash generation capabilities. Overall, Eimco Elecon(I) has shown robust financial performance and growth over the past few years.

Who are the top shareholders of the Eimco Elecon(I)?

The top shareholders of Eimco Elecon(I) include Aakaaish Investments Private Limited with 24.91%, followed by 22 Foreign Institutional Investors holding 0.45%, and individual investors at 20.51%. There are no mutual funds invested, and the highest public shareholder is The Hongkong And Shanghai Banking, which holds 0%.

The top shareholders of Eimco Elecon(I) include a majority of promoters, with Aakaaish Investments Private Limited holding the largest share at 24.91%. Additionally, there are 22 Foreign Institutional Investors (FIIs) who collectively hold 0.45% of the shares. Individual investors account for 20.51% of the holdings. It's worth noting that there are no mutual funds currently invested in the company, and the highest public shareholder is The Hongkong And Shanghai Banking, which holds 0%.

Is Eimco Elecon(I) overvalued or undervalued?

As of April 15, 2025, Eimco Elecon(I) is considered very expensive and overvalued with a PE ratio of 38.55, an EV to EBITDA ratio of 36.90, and a Price to Book Value of 3.85, despite outperforming the Sensex with a 1Y return of 32.79%.

As of 15 April 2025, the valuation grade for Eimco Elecon(I) has moved from expensive to very expensive, indicating a significant shift in its perceived valuation. The company is currently overvalued based on its key financial ratios, which include a PE ratio of 38.55, an EV to EBITDA ratio of 36.90, and a Price to Book Value of 3.85. These figures suggest that the stock is trading at a premium compared to its earnings and asset value.<BR><BR>In comparison to its peers, Eimco Elecon(I) has a lower PE ratio than Thermax (66.31) and BEML Ltd (62.34), but still maintains a high valuation relative to other companies in the industrial manufacturing sector. The PEG ratio of 1.83 further supports the notion of overvaluation, especially when compared to peers like ISGEC Heavy, which is rated attractive with a PEG of 3.24. Notably, Eimco Elecon(I) has outperformed the Sensex significantly over various time frames, including a 1Y return of 32.79% compared to the Sensex's 7.62%, reinforcing the narrative of its current overvaluation despite strong recent performance.

Has Eimco Elecon(I) declared dividend?

Eimco Elecon (India) Ltd has declared a 50% dividend, amounting to ₹5 per share, with an ex-date of June 14, 2024. The company has demonstrated strong total returns over various periods, with a 5-year total return of 868.19%.

Eimco Elecon (India) Ltd has declared a 50% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 50%<BR>- Amount per share: 5<BR>- Ex-date: Jun-14-2024<BR><BR>Dividend Yield: 0.19%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 0.15%, the dividend return was 0.20%, resulting in a total return of 0.35%.<BR><BR>Over the past year, the price return reached 36.05%, with a dividend return of 0.50%, leading to a total return of 36.55%.<BR><BR>In the 2-year period, the price return was an impressive 346.38%, while the dividend return contributed 1.68%, culminating in a total return of 348.06%.<BR><BR>For the 3-year period, the price return soared to 625.31%, with a dividend return of 4.13%, resulting in a total return of 629.44%.<BR><BR>In the last 4 years, the price return was 570.38%, and the dividend return was 6.12%, giving a total return of 576.5%.<BR><BR>Finally, over the 5-year period, the price return was 858.89%, with a dividend return of 9.30%, leading to a total return of 868.19%.<BR><BR>Overall, Eimco Elecon (India) Ltd has shown a strong performance in terms of total returns, significantly boosted by its declared dividends, indicating a positive trend for investors. The consistent growth in returns over multiple periods highlights the company's robust financial health.