āagman

Not investment advice. Data and computed figures, for information only.

Elecon Engineering Company Ltd

NSE: ELECON
₹493.05
+₹6.15 (+1.26%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹9,344 Cr
CMP
₹493.05
52-wk High / Low
₹579 / 352
P/E
30.9
P/B
4.0
Book Value
₹103.0
Div Yield
0.48%
ROCE
21.0%
ROE
16.4%
Face Value
₹1
D/E
0.12

Price−11.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹188
√(22.5 × EPS × book value per share)
ROIC
12.2%
vs 12.3% sector median
Cash flow to profit
0.92
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−556
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.0%
ROE × earnings retention ratio
ROE stability
3.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.21DII +1.42
Latest quarter vs the previous one
Cash-accrual divergence
0.9%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 56.6% since FY2016 (629 to 273)
+Price trades above its 200-day moving average (1.1x)
+FII holding rose by 4.8pp over the last year
+PE of 30.9x is below the sector median of 43.6x
Watch-outs
−Annualised volatility of 47.7% is in the high band (≥45%)
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales414485474565392508529798491578552746521
Expenses314366353429300396386602360452443588411
Operating Profit10011912013592112143195130126109158109
OPM %24.2%24.5%25.3%23.9%23.5%22.0%27.0%24.4%26.5%21.8%19.7%21.2%20.9%
Other Income9141116171417211081819−8422
Interest2312223566768
Depreciation12131313131316192525272730
Profit before tax9411711713694111140192207113944093
Net Profit73899010473881081461758872670
EPS (₹)3.253.954.034.623.273.914.796.537.823.913.210.273.14

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 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
Operating Profit176176175126140142186252341475548523502
OPM %13.2%13.8%14.6%10.7%11.4%13.1%17.8%20.8%22.3%24.5%24.6%22.1%21.0%
Other Income17291286998522506360−25
Interest8783907574786038149132527
Depreciation7262535348535249495161104109
Profit before tax3460446882081171300465537454341
Net Profit1737117709058140238356415341236
EPS (₹)0.751.720.480.333.124.002.576.2610.5815.8518.5015.2010.53

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital222222222222222222222222—
Reserves5146826876867468328971,0281,2571,5821,9762,283—
Borrowings5526295835905484833351515270181273—
Other Liabilities877870794857849792733513399449550655—
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

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 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

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.010.010.06.010.07.011.017.025.031.028.021.0
ROE %———————————16.4
EPS (₹)0.751.720.480.333.124.002.576.2610.5815.8518.5015.20
Book Value (₹)———————————103.0
Face Value (₹)———————————1
P/E———————————30.9
Div Yield %———————————0.48
NPM %1.32.80.90.65.48.25.511.515.317.918.114.1
OPM %13.014.015.011.011.013.018.021.022.024.025.022.0
D/E1.030.890.820.830.710.570.360.140.040.040.090.12
P/B———————————4.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+6.0%
5 years+18.0%
3 years+16.0%
TTM+3.0%
Compounded profit growth
10 years+29.0%
5 years+44.0%
3 years+14.0%
TTM−33.0%
Stock price CAGR
10 years+29.0%
5 years+38.0%
3 years+0.0%
Last year−25.0%
Return on equity
10 years15.0%
5 years20.0%
3 years21.0%
Last year16.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.58%58.58%58.58%58.64%58.68%59.20%59.20%59.26%59.29%59.28%59.28%59.28%59.28%
FIIs0.03%0.03%0.03%0.34%0.34%0.33%0.31%1.71%2.11%7.58%8.65%7.13%6.92%
DIIs8.06%8.06%8.06%7.86%6.17%2.32%2.28%1.85%1.76%2.29%4.39%5.67%7.09%
Government0.25%0.25%0.25%0.83%0.25%0.25%0.25%0.25%0.00%0.00%0.03%0.04%0.04%
Public33.08%33.08%33.08%32.33%34.56%37.90%37.97%36.93%36.84%30.84%27.65%27.89%26.69%
No. of shareholders48,02048,02048,02046,94143,36041,72043,46862,29263,19293,0511,11,0671,22,5741,19,688
Change since Jun 2023 (pp)
Promoters +0.70FIIs +6.89DIIs −0.97Public −6.39

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Newspaper PublicationBoard Meeting Intimation for Unaudited Results For Quarter & Half Year Ended On 30/09/2026 And Interim Dividend If Any Alongwith Other Agenda.Closure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingApr 2026TranscriptApr 2026PPTApr 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingOct 2025TranscriptOct 2025PPTOct 2025RecordingJul 2025TranscriptJul 2025PPTJul 2025Recording

Corporate actions

As of 12 Jun 2026
12 Jun 2026DIVIDENDDividend - Rs 1.5 Per Share—
16 Oct 2025DIVIDENDInterim Dividend - Re 0.50 Per Share—
13 Jun 2025DIVIDENDDividend - Rs 1.50 Per Share—
28 Oct 2024DIVIDENDInterim Dividend - Re 0.50 Per Share—
19 Jul 2024SPLITFace Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share2 : 1
14 Jun 2024DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
31 Oct 2023DIVIDENDInterim Dividend - Re 1 Per Share—
9 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
9 Jun 2022DIVIDENDAnnual General Meeting/Final Dividend- Re 1 Per Share/Special Dividend- Rs 0.40 Per Share—
22 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 0.40 Per Share—
6 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 0.20 Per Share—
18 Sep 2018DIVIDEND Annual General Meeting/Dividend Re 0.20 Per Share—
26 Jul 2017DIVIDEND Annual General Meeting/Dividend - Re 0.50 Per Share—
6 Aug 2015DIVIDENDAnnual General Meeting / Dividend - Rs 1.10/- Per Share—
18 Jul 2014DIVIDENDAnnual General Meeting / Final Dividend - Re 1/- Per Share—
8 Aug 2013DIVIDENDAnnual General Meeting And Dividend Re.1/- Per Share—
23 Jul 2012DIVIDENDAnnual General Meeting And Dividend - Rs.1.80 Per Share—
28 Jul 2011DIVIDENDAnnual General Meeting And Dividend Rs.1.80 Per Share—
29 Jun 2010DIVIDENDAnnual General Meeting And Final Dividend Rs.1.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman