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ELECON · Elecon Engineering Company Ltd · Misc. Capital Goods

ELECON · Elecon Engineering Company Ltd · Misc. Capital Goods

₹437.9-0.2%

As of 05 Nov close

52-week range

52wk low ₹35252wk high ₹579

24.4% below 52-week high

52-week range: as of 05 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Profit declined YoY for 2 straight quartersFII holding falling for 2+ quarters

Revenue (latest Q)

₹521 Cr

Revenue YoY

PAT YoY

-59.9%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

4.1

P/S (TTM)

4

Sector P/E

43.1

Dividend yield

+0.5%

CompanyP/EP/BNet marginROED/EDiv. yield
ELECON (this stock)50.74.1+9.8%+10.2%0.12+0.5%
Bharat Heavy Electricals92.45.6+6.8%Not available from data source0.64+0.3%
Suzlon Energy25.96.9+18.0%+33.2%0.060.0%
Thermax97.98+5.5%+10.7%0.42+0.4%

Promoter

stable

FII

falling 3q

MF

5.78% (+2.31pp)

rising 3q

Insider trades

DateInsiderTypeQtyValue
20 Mar 2026Pradip Manubhai Patel jointly with Trupti Pardip PatelBUY38,502—

Bulk/block deals

canonicalSymboldatebuy quantitybuyer countdeal strengthdeal types present
ELECON2026-09-2312536041WEAKBULK

News timeline

No related news.

Concalls & investor presentations

AI-generated
Concall transcriptPositive22 Oct 2026
View source filing →

Key takeaway: Elecon Engineering Company Limited reported Q2 FY27 results with consolidated revenue of INR639 crores, a 10.5% year-on-year increase, driven by strong performance in its Gear and Material Handling Equipment (MHE) divisions. The Gear division, contributing 76% of revenue, saw a 10.6% YoY growth, supported by overseas demand and improved execution. The MHE division reported a 10.4% YoY revenue increase, with improved project clearances and a 32.5% rise in Q2 order intake. Overseas revenue grew 30.6% YoY to INR159 crores, contributing 27% of consolidated revenue. Financial metrics showed improved EBITDA of INR148 crores (17.7% YoY growth) and a 23.1% EBITDA margin. The company noted near-term softness in domestic markets due to monsoon delays and steel price volatility but expects H2 momentum post-Diwali. Management emphasized disciplined execution, margin protection, and international expansion. Guidance for H2 FY27 includes mid-double-digit revenue growth, with EBITDA margins maintained at FY26 levels. The company also highlighted strategic initiatives, including R&D investments, and a target of 50% overseas revenue by FY30. The discussion included questions on margin trajectories, export growth, and competitive positioning, with management reaffirming confidence in long-term growth and operational resilience.

The document emphasizes strong revenue growth, improved financial metrics, and strategic initiatives, reflecting a positive outlook.

Sourced from an exchange-filed transcript, dated 22 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive14 Oct 2026
View source filing →

Key takeaway: Elecon Engineering Company Limited (ELECON) presented its Q2 and H1 FY27 financial results, highlighting a 10.5% year-on-year (YoY) revenue growth to ₹639 crores and a 17.7% increase in EBITDA to ₹148 crores, with EBITDA margin expanding by 140 bps to 23.1%. For H1 FY27, consolidated revenue reached ₹1,160 crores, up 11.1% YoY, while adjusted EBITDA grew 11.4% to ₹257 crores with a margin of 22.2%. The Gear Division saw strong performance, with Q2 revenue up 10.6% YoY to ₹488 crores and EBIT growing 27.2% to ₹108 crores, resulting in an improved EBIT margin of 22.1%. The MHE Division reported Q2 revenue growth of 10.4% YoY to ₹151 crores, though EBIT margin moderated to 20.2% due to unfavorable product mix and slower project execution. The consolidated open order book stood at ₹1,635 crores as of 30th September 2026, up 33% YoY. The company emphasized its focus on industrial gear solutions, material handling equipment, and international expansion, while noting ongoing global macroeconomic and geopolitical uncertainties. The CMD highlighted Elecon's 75th anniversary and its commitment to strengthening leadership in industrial gear solutions and expanding its international presence.

The presentation highlights strong revenue and EBITDA growth, improved margins, and a robust order book, reflecting a positive outlook on the company's performance.

Sourced from an exchange-filed presentation, dated 14 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptNeutral18 Jul 2026
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Key takeaway: On July 13, 2026, Elecon Engineering Company Limited held its Q1 FY27 Earnings Conference Call, where management provided an overview of the company's performance. The Gear division reported a revenue increase of 16.3% year-on-year, contributing nearly 80% of consolidated revenue, driven by strong order execution and a 37.6% growth in international sales. The Material Handling Equipment (MHE) division experienced a slight revenue decline of 2.9% due to project execution delays, although order intake grew by 38.1%. Consolidated revenue from operations reached INR 521 crores, reflecting an 11.9% year-on-year growth. Management highlighted a strong order book of INR 1,518 crores, indicating good revenue visibility. Despite challenges from rising input costs, EBITDA margins remained stable at 21%. Management set a goal of low double-digit consolidated revenue growth for FY27, citing macroeconomic uncertainties as a factor in their conservative guidance.

The document presented a balanced view of performance, highlighting both strengths and challenges.

Sourced from an exchange-filed transcript, dated 18 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive10 Jul 2026
View source filing →

Key takeaway: On July 10, 2026, Elecon Engineering Company Limited submitted an investor presentation for its upcoming earnings conference call scheduled for July 13, 2026. The presentation highlighted the company's Q1 FY27 financial performance, reporting a consolidated revenue of ₹521 crores, an 11.9% increase year-over-year. EBITDA was ₹109 crores with a margin of 21.0%. The order intake for the quarter was ₹755 crores, reflecting a 23% year-over-year growth, while the open order book stood at ₹1,518 crores, a 37% increase from the previous year. The Gear Division achieved a revenue of ₹416 crores, up 16.3% YoY, while the Material Handling Equipment (MHE) division reported revenue of ₹105 crores, with a temporary decline attributed to project execution timing. The presentation emphasized the company's commitment to operational resilience and growth in both domestic and international markets.

Management reported strong financial performance and growth in order intake.

Sourced from an exchange-filed presentation, dated 10 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptMixed22 Apr 2026
View source filing →

Key takeaway: The earnings conference call for Elecon Engineering Company Limited on April 16, 2026, highlighted the company's performance for Q4 FY26 and the full financial year. Management reported a consolidated revenue of INR746 crores for Q4, down from INR798 crores year-on-year, primarily due to delayed order inflows and customer-led deferments. The Gear Division, contributing 63% of revenue, saw a 21% decline, while the Material Handling Equipment (MHE) Division grew by 37%. Management noted a strong order book and healthy demand fundamentals, particularly in core sectors like power and cement. Despite challenges, the company achieved a moderate revenue growth of 6% for FY26. Management emphasized a commitment to long-term growth strategies, including international expansion and product diversification, while refraining from providing guidance for FY27 due to ongoing macroeconomic uncertainties. The call concluded with a focus on operational efficiency and maintaining stakeholder value.

Management reported both growth in the MHE Division and challenges in the Gear Division.

Sourced from an exchange-filed transcript, dated 22 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26148 pages

Elecon Engineering Company Limited (ELECON) reported no significant regulatory actions or defaults in FY2025-26, with compliance to SEBI and other regulations. The company has no overdue loans or defaults, and no material frauds were reported. Key audit matters included related party transactions and credit loss provisions on receivables. The company maintains robust internal controls and has no pending insolvency proceedings. The auditor's report did not highlight material uncertainties regarding going concern status.

  • No significant regulatory actions or defaults reported for FY2025-26.
  • No material frauds or defaults in loan repayments.
  • Key audit matters focused on related party transactions and credit loss provisions.
  • Robust internal controls and no pending insolvency proceedings.
  • Auditor's report did not indicate material uncertainties about going concern status.

Key takeaway: Elecon Engineering maintained compliance with regulations, showed no defaults or material frauds, and had robust internal controls in FY2025-26.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 02 Jun 2026View source filing →

Governance disclosures

AI-generated

Needs attention

Regulatory Action (2 items)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Regulatory Action

2 occurrences

Recent (last 12 months)

Annual Report02 Jun 2026 (FY2025-26)· 2 passages
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Elecon Engineering Company Limited received a penalty of ₹0.94 Lakhs from the State GST Department, Chhattisgarh for a mismatch in turnover as per TDS vs Return - 3B. The company appealed and the Appellate Authority ruled in its favor on January 28, 2026.

Earlier (1-3 years ago)

Annual Report31 May 2025 (FY2024-25)
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The company paid a penalty of ₹1.00 lakh to the GST State Tax Officer - Adjudication, Coimbatore (Tamil Nadu) for tax invoice raised to an unregistered business place of a registered taxpayer in the financial year.

Routine disclosures

Contingent Liability

2 occurrences

Recent (last 12 months)

Annual Report02 Jun 2026 (FY2025-26)· 4 passages
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The company has disputed claims with various tax authorities, including Excise and Service tax, Sales tax, GST, and Income tax, with net amounts ranging from ₹12 Lakhs to ₹2,542 Lakhs as of FY 2025-26.

Earlier (1-3 years ago)

Annual Report31 May 2025 (FY2024-25)· 9 passages
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The company has guarantees taken and given, with specific amounts and counterparties disclosed in the financial statements as of March 31, 2025 and 2024.

Related-Party Transaction

2 occurrences

Recent (last 12 months)

Annual Report02 Jun 2026 (FY2025-26)
View source filing →

The company made a contribution to B.I. Patel Charitable Trust, a related party, as part of its CSR activities.

Earlier (1-3 years ago)

Annual Report31 May 2025 (FY2024-25)
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The company has disclosed related party transactions, specifically dividend payments to Akaaish Investments Private Limited, which is part of the promoter/promoter group with 10% or more shareholding.

Statutory dues in dispute

2 occurrences

Recent (last 12 months)

Annual Report02 Jun 2026 (FY2025-26)Disputed tax/statutory dues under appeal, not a loan default
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The company has not deposited certain statutory dues, including Service Tax, Excise Duty, Goods & Service Tax, Sales Tax, and Income Tax, with disputes pending before authorities such as CESTAT, Gujarat High Court, and Commissioner of Income Tax (Appeals), covering periods from 2009 to 2021.

Earlier (1-3 years ago)

Annual Report31 May 2025 (FY2024-25)Disputed tax/statutory dues under appeal, not a loan default· 2 passages
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The company has not deposited certain statutory dues as of March 31, 2025, due to disputes, with details provided in the excerpt.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

4.44% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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