Elecon ENG. Co. Ltd
NSE: ELECON · Heavy Electrical Equipment · sector
₹424.05NSE close 2026-10-26
Key numbers
Market cap₹9,516 cr
Price₹424.05
52w high / low₹579 / ₹352
P/E38.9xSector median 27.8x
P/B3.8xSector median 5.4x
Book value₹111.8
Dividend yield0.47%Sector median 0.19%
ROE10.3%Sector median 18.8%
ROCE15.3%Sector median 21.4%
OPM17.2%Sector median 15.1%
Debt / equity0.00xSector median 0.09x
EV/EBITDA20.2xSector median 21.4x
Interest cover12.2x
Current ratio2.96x
Sales growth 3y+15.7%Sector median +22.1%
Profit growth 3y+12.8%Sector median +27.5%
PEG3.03x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 43 companies in Heavy Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹807 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 12.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 32% of net profit in the last 12 months.
- Debtor days went from 84 (FY24) to 111 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹424.05 on 2026-10-26: -26.8% from the 52-week high, +20.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹707.95 · low ₹375.65
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 529 | 798 | 491 | 578 | 552 | 746 | 521 | 639 |
| EBITDA | 143 | 195 | 211 | 126 | 109 | 56 | 109 | 148 |
| OPM % | 27.0% | 24.5% | 43.0% | 21.7% | 19.8% | 7.5% | 21.0% | 23.1% |
| Other income | 16 | 19 | 26 | 18 | 19 | 18 | 22 | 20 |
| Net profit | 108 | 146 | 175 | 88 | 72 | 6 | 70 | 96 |
| EPS (₹) | 4.79 | 6.53 | 7.82 | 3.91 | 3.21 | 0.27 | 3.14 | 4.29 |
| Revenue YoY | +4.3% | -6.5% | +6.1% | +10.5% | ||||
| Profit YoY | -33.1% | -95.9% | -59.9% | +9.8% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,204 | 1,530 | 1,937 | 2,227 | 2,366 | 2,457 |
| EBITDA | 246 | 339 | 474 | 543 | 502 | 422 |
| Net profit | 140 | 237 | 356 | 415 | 341 | 245 |
| EPS (₹) | 6.26 | 10.59 | 15.85 | 18.50 | 15.20 | 10.91 |
| Revenue growth | +27.1% | +26.7% | +14.9% | +6.2% | +2.6% | |
| Profit growth | +69.0% | +49.7% | +16.7% | -17.8% | -52.7% | |
| Dividend / share (₹) | 0.40 | 1.00 | 3.00 | 2.50 | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +15.6% | +17.8% | +2.6% |
| Net profit | +12.8% | +42.7% | -52.7% |
| EPS | +12.8% | +42.7% | – |
| Share price | – | -14.6% (2y) | -21.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,279 | 1,604 | 1,999 | 2,306 |
| Borrowings | – | 0 | 0 | 3 | 0 |
| Cash & equivalents | – | 229 | 467 | 773 | 807 |
| Total assets | – | 1,732 | 2,124 | 2,729 | 3,234 |
| Fixed assets | – | 608 | 516 | 555 | 583 |
| Capital work in progress | – | 0 | 1 | 7 | 23 |
| Investments | – | 1 | 20 | 11 | 148 |
| Receivables | – | 346 | 445 | 614 | 721 |
| Inventory | – | 279 | 230 | 243 | 301 |
| Payables | – | 213 | 194 | 280 | 288 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 250 | 310 | 365 | 432 | 314 |
| Cash from investing | -12 | -167 | -279 | -316 | -220 |
| Cash from financing | -250 | -145 | -59 | -67 | -122 |
| Capex | 49 | 47 | 31 | 66 | 120 |
| Free cash flow | 201 | 263 | 333 | 366 | 195 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 18.6% | 22.2% | 20.8% | 14.8% |
| ROCE % | – | 24.2% | 29.2% | 27.1% | 20.8% |
| Debtor days | – | 83 | 84 | 101 | 111 |
| Inventory days | – | 142 | 97 | 86 | 98 |
| Payable days | – | 109 | 82 | 99 | 94 |
| Cash conversion cycle (days) | – | 116 | 99 | 88 | 115 |
| Working capital days | – | 128 | 154 | 190 | 199 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 59.27% |
| FIIs | 6.93% |
| DIIs | 7.08% |
| of which Mutual funds | 6.73% |
| of which Insurance | 0.15% |
| Government | 0.04% |
| Public (non-institutions) | 26.68% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 59.27% | 59.27% | 59.27% | 59.27% | 59.27% | 59.27% | 59.27% | 59.27% |
| Promoter group | % |
|---|---|
| Aakaaish Investments Private Limited | 46.62% |
| K B Investments Private Limited | 8.67% |
| Prayasvin Bhanubhai Patel | 1.75% |
| Trupti Pradip Patel | 1.28% |
| Akanksha Patel | 0.55% |
| B I Patel-HUF (Bhanubhai Patel-Karta) | 0.20% |
| Taruna Patel | 0.20% |
| Power Build Private Limited | 0.01% |
| Aishwarya Prayasvin Patel | 0.00% |
| Lotus Trust | 0.00% |
| Emtici Engineering Limited | 0.00% |
| Prayas Engineering Limited | 0.00% |
| Elecon Information Technology Limited | 0.00% |
| Akaaish Mechatronics Limited | 0.00% |
| Akaaish Printing Press Private Limited (formerly known as Speciality Woodpack Private Limited) | 0.00% |
| Public holders above 1% | % |
|---|---|
| Sundaram Mutual Fund A/C Sundaram Small Cap Fund | 1.92% |
| Ajay Upadhyaya | 1.76% |
| Franklin India Small Cap Fund | 1.65% |
| Long Term India Fund | 1.11% |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.09% |
| Vijay Kishanlal Kedia | 1.00% |
1,19,688 shareholders. Pledged: 0.00% of promoter shares.
Peers in Heavy Electrical Equipment
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BHEL | ₹1,37,384 cr | 47.7x | 5.1x | 11.2% | 13.5% | 10.1% | +13.1% | 0.12% |
| ABB | ₹1,34,715 cr | 45.1x | 14.4x | 36.1% | 22.4% | 14.0% | – | – |
| CGPOWER | ₹1,31,237 cr | 104.9x | 16.5x | 16.5% | 21.3% | 12.5% | +30.7% | 0.16% |
| POWERINDIA | ₹1,19,751 cr | 104.0x | 23.1x | 24.5% | 29.9% | 14.9% | +22.2% | 0.02% |
| SIEMENS | ₹1,16,725 cr | 35.6x | 8.4x | 25.0% | 14.2% | 10.0% | +41.0% | 0.37% |
| ENRIN | ₹98,074 cr | 65.9x | 20.4x | 34.3% | 42.0% | 20.9% | – | 0.14% |
| GVT&D | ₹97,043 cr | 74.3x | 36.1x | 58.5% | 65.5% | 25.2% | +30.8% | 0.13% |
| SUZLON | ₹51,051 cr | 16.3x | 5.4x | 40.4% | 29.2% | 17.7% | +41.0% | – |
| THERMAX | ₹35,902 cr | 60.5x | 6.5x | 11.3% | 12.5% | 8.6% | +9.8% | 0.44% |
| ELECON | ₹9,516 cr | 38.9x | 3.8x | 10.3% | 15.3% | 17.2% | +15.7% | 0.47% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Transmission Equipment | ₹1,699 cr | 70.5% | ₹319 cr | 18.8% |
| Material Handling Equipment | ₹712 cr | 29.5% | ₹184 cr | 25.8% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-10-21 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2026-06-12 | Dividend | Dividend - Rs 1.5 Per Share |
| 2025-10-16 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2025-06-13 | Dividend | Dividend - Rs 1.50 Per Share |
| 2024-10-28 | Dividend | Interim Dividend - Re 0.50 Per Share |
| 2024-07-19 | Split | Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share |
| 2024-06-14 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2023-10-31 | Dividend | Interim Dividend - Re 1 Per Share |
| 2023-06-09 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2022-06-09 | Dividend | Annual General Meeting/Final Dividend- Re 1 Per Share/Special Dividend- Rs 0.40 Per Share |
| 2021-07-22 | Dividend | Annual General Meeting/Dividend - Rs 0.40 Per Share |
| 2020-09-16 | Other | Annual General Meeting |
| 2019-09-06 | Dividend | Annual General Meeting/Dividend - Rs 0.20 Per Share |
| 2018-09-18 | Dividend | Annual General Meeting/Dividend Re 0.20 Per Share |
| 2017-07-26 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2016-07-18 | Other | Agm/Div-Rs 1.10/- Per Share |
| 2015-08-06 | Dividend | Annual General Meeting / Dividend - Rs 1.10/- Per Share |
| 2014-07-18 | Dividend | Annual General Meeting / Final Dividend - Re 1/- Per Share |
| 2013-08-08 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2012-07-23 | Dividend | Annual General Meeting And Dividend - Rs.1.80 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing Repairs & Maintenance: Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment
| Sector | Industrials |
| Industry | Heavy Electrical Equipment |
| Sub-industry | Heavy Electrical Equipment |
| Symbol | ELECON |
| BSE code | 505700 |
| ISIN | INE205B01031 |
| Face value | ₹1.0 |
| Incorporated | 1960-01-11 |
| Website | www.elecon.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.