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Elecon Engineering Company Ltd

Updated on August 19, 2019

Stock/Share Code - ELECON

Elecon Engineering Company was established in the year 1951 as The Pioneers in the manufacturing of Industrial Geared motors and Reducers, Material Handling Equipment, Mining equipment, casting processes etc. Elecon is one of the largest manufacturers of Material Handling Equipments and Industrial Gears in Asia.

Below is the details of ELECON Elecon Engineering Company Ltd

Market Cap₹596.34 Cr.
Current Price ₹28 as on 23 Aug 19
52 Week High / Low Price₹75 / ₹48
Face Value₹2
Stock P/E49.41
Book Value₹65.13
Dividend Yield0.38 %
ROCE5.90 %
ROE1.14 %
Sales Growth (3yrs)21.89 %
SectorCapital Goods-Non Electrical Equipment
IndustryEngineering
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Stock is trading at 0.82 times its book value Company has been maintaining a healthy dividend payout of 29.08%
Cons: Company has low interest coverage ratio. Company has a low return on equity of 2.54% for last 3 years. Contingent liabilities of Rs.501.25 Cr. Promoters have pledged 46.17% of their holding

Elecon Engineering Company Ltd Price Chart

Elecon Engineering Company Ltd Price Chart

Elecon Engineering Company Ltd Peer Comparison in Capital Goods-Non Electrical Equipment

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Hind.Aeronautics ₹645.85 10.41 ₹23,751.54 Cr. 4.53 ₹1,177.29 Cr. 13.10 10.77 10044.57 25.16
2. Thermax ₹1,012.2 33.03 ₹12,153.94 Cr. 0.59 ₹126.9 Cr. 69.36 43.70 2073.67 15.52
3. Bharat Dynamics ₹274.5 8.62 ₹5,475.53 Cr. 2.90 ₹188.3 Cr. 2946.93 26.20 1037.96 37.40
4. BEML Ltd ₹738.55 63.88 ₹4,055.53 Cr. 0.82 ₹162.24 Cr. -13.56 9.25 1368.48 8.29
5. ISGEC Heavy ₹48.3 28.32 ₹3,633.83 Cr. 0.32 ₹31.26 Cr. 17.43 65.65 1356.48 13.54
6. Praj Inds. ₹100.6 38.91 ₹2,654.14 Cr. 1.10 ₹33.36 Cr. 24.43 34.11 368.17 6.48
7. Kennametal India ₹64.4 27.26 ₹2,487.17 Cr. 0.18 ₹13.7 Cr. -15.95 18.48 234.60 19.53
8. Elecon Engg.Co 49.41 ₹596.34 Cr. 0.38 ₹2.38 Cr. -95.26 -32.28 250.41 5.90

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Elecon Engineering Company Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019
Sales176.16179.92222.21345.07167.88178.30195.34369.75234.48259.70209.15250.41
YOY Sales Growth %64.87%-15.81%-11.96%0.23%-4.7%-0.9%-12.09%7.15%39.67%45.65%7.07%-32.28%
Expenses144.11160.60204.31258.54183.86157.58170.47296.75206.12235.92186.66216.24
Material Cost %35.69%35.87%46.88%43.75%48.34%48.26%46.59%38.81%43.33%43.31%44.63%46.71%
Employee Cost %12.36%11.89%10.03%5.77%11.65%9.28%8.44%3.49%7.87%7.05%9.78%6.05%
Operating Profit32.0519.3217.9086.53-15.9820.7224.8773.0028.3623.7822.4934.17
OPM %18.19%10.74%8.06%25.08%-9.52%11.62%12.73%19.74%12.09%9.16%10.75%13.65%
Other Income2.183.730.291.661.431.852.165.122.508.969.512.77
Interest15.7817.2015.2914.7813.2115.0614.6417.1014.9714.0214.1118.01
Depreciation12.4212.5012.4710.7411.1311.7211.8113.4210.7410.9011.0710.87
Profit before tax6.03-6.65-9.5762.67-38.89-4.210.5847.605.157.826.828.06
Tax %58.54%54.59%21.53%53.55%0.39%9.26%17.24%-5.40%33.40%55.37%59.38%70.60%
Net Profit2.50-3.03-7.5129.10-38.75-3.820.4850.173.433.502.762.38
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales717.79825.20956.561,046.371,173.941,331.67595.21501.23503.20979.54923.36911.27953.74
Sales Growth %63.2%14.96%15.92%9.39%12.19%13.44%-55.3%-15.79%0.39%94.66%-5.74%-1.31%%
Expenses604.68688.63798.39889.46985.881,124.61491.61401.15396.70829.02757.26800.99844.94
Material Cost %61%57.85%50.29%58.61%57.89%58.89%50.68%44.31%45.41%44.13%41.43%44.08%%
Manufacturing Cost %9.11%10.93%17.43%12.64%10.82%8.28%11.41%13.49%12.75%20.5%19.28%24.99%%
Employee Cost %3.25%3.65%4.23%3.88%4.8%5.49%9.16%8.62%7.34%8.44%9.25%7.17%%
Other Cost %14.41%11.02%11.52%11.85%12.62%11.79%11.34%13.61%13.33%11.56%12.06%11.65%%
Operating Profit113.11136.57158.17156.91188.06207.06103.60100.08106.50150.52166.10110.28108.80
OPM %15.76%16.55%16.54%15.00%16.02%15.55%17.41%19.97%21.16%15.37%17.99%12.10%11.41%
Other Income8.089.799.5824.7728.437.43-14.9017.5522.6831.257.7710.5623.74
Interest24.5733.4857.5058.2556.7562.2731.6533.2529.9570.5973.2767.6861.11
Depreciation12.2214.2022.1533.1239.3542.3841.9945.4251.5855.6748.1448.0743.58
Profit before tax84.4098.6888.1090.31120.39109.8415.0638.9647.6555.5152.465.0927.85
Tax %34.95%31.89%34.79%26.73%26.96%36.64%43.49%29.59%30.35%34.23%59.87%-58.94%
Net Profit54.9067.2157.4566.1787.9369.608.5327.4333.1936.5121.068.0812.07
EPS in Rs5.846.985.936.889.187.200.722.432.823.121.880.72
Dividend Payout %8.44%20.72%24.24%21.05%19.01%24.01%108.85%39.72%36.11%32.83%26.64%27.77%

Compounded Sales Growth

  • 10 Years:: 1.00%
  • 5 Years:: 8.89%
  • 3 Years:: 21.89%
  • TTM:: 4.66%

Compounded Profit Growth

  • 10 Years:: -18.75%
  • 5 Years:: -19.10%
  • 3 Years:: -33.05%
  • TTM:: 49.38%

Return on Equity

  • 10 Years:: 7.94%
  • 5 Years:: 3.52%
  • 3 Years:: 2.54%
  • Last Year:: 1.14%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Sep 2018
Share Capital6.1818.5718.5718.5718.5718.5721.7921.7921.7921.7922.4422.4422.44
Equity Capital6.1818.5718.5718.5718.5718.5718.5721.7921.7921.7922.4422.44
Reserves181.72218.15256.83307.53376.03426.20454.35469.91488.60701.62706.85708.30712.58
Borrowings283.66409.26592.08521.58530.35539.06254.99258.54248.74568.16460.66496.97401.79
Other Liabilities273.74368.69464.75450.21542.99695.64351.79312.79298.02762.93733.37791.12804.24
Trade Payables186.19236.57241.84253.21323.66454.75253.1208.56208.7416.68368.9434.87370.25
Total Liabilities745.301,014.671,332.231,297.891,467.941,679.471,079.701,063.031,057.152,054.501,923.322,018.831,941.05
Fixed Assets122.27177.15282.91344.34361.13405.19410.80373.83333.63789.01758.91716.17699.36
Gross Block246.65300.56427.74509.42565.43649.51624.68627.85632.49873.88891.01895.02
Accumulated Depreciation124.38123.41144.83165.08204.3244.32213.88254.01298.8684.87132.1178.85
CWIP4.4715.9228.1117.8810.7741.717.796.711.997.721.641.332.10
Investments8.049.4510.875.6836.3535.1137.0737.07199.24112.79127.75160.39160.21
Other Assets610.52812.151,010.34929.991,059.691,197.46624.04645.42522.291,144.981,035.021,140.941,079.38
Inventories168.96252.6400.74315.18314.45288.15148.65121.25130.22262.77231.83200.65208.98
Trade receivables387.98492.32471.74517.59547.59728.3141.24168.62226.76659.14586.65623.12585.22
Cash Equivalents12.767.5361.0638.8112.3311.67.494.363.0620.476.0433.027.76
Loans n Advances40.3958.7375.1155.8139.2482.23301.9308.92146.06167.49158.85241.634.81
Total Assets745.301,014.671,332.231,297.891,467.941,679.471,079.701,063.031,057.152,054.501,923.322,018.831,941.05

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity-62.13-20.2271.25170.1188.93181.97205.6122.72217.8612.84196.3697.26
Profit from operations113.63138.81154.85155.78195.51227.8114.98111.77125.12145.03147.55108.26
Working Capital Changes-150.04-125.86-56.633.91-84.92-6.69101.88-80.66106.99-102.4653.25-11.77
Taxes paid-25.2-32.42-25.88-18-21.66-39.14-11.25-8.39-14.25-29.73-4.440.77
Cash from Investing Activity-40.82-79.32-135.33-60.21-53.01-114.82124.68-0.43-167.22-16.11-25.74-64.87
Fixed Assets Purchased-44.31-81.94-140.18-84.93-49.06-117.74-2.24-13.58-17.48-26.95-10.43-22.64
Fixed Assets Sold2.721.440.180.822.860.4406.410.97.370.5911.32
Investments purchased-1.75-1.41-1.410-31.210-1.960-162.170-1.2-32.49
Investments sold00.910.0121.1521.250.0300024.971.060
Cash from Financing Activity91.0094.30117.62-132.15-60.70-67.88-334.40-25.42-51.9517.24-185.16-28.78
Proceeds from Shares35.770.450000000000
Proceeds from Borrowings151.62314.48560.31152.5471.3287.6525099.751.810124.47
Repayment of Borrowings-73.63-188.56-377.51-223.04-62.97-78.93-309.0720.57-109.50-107.49-88.88
Interest Paid-19.34-26.65-49-45.51-53.44-57.39-31.15-33.25-30.35-62-63.25-57.61
Dividends Paid-3.42-5.42-16.18-16.14-16.04-19.21-19.18-12.74-11.79-14.52-14.42-6.75
Net Cash Flow-11.95-5.2453.54-22.25-24.78-0.73-4.11-3.13-1.3013.97-14.543.61

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Ratios

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %27.98%23.48%19.23%15.44%17.63%18.02%8.48%9.72%9.02%10.32%10.14%5.90%
Debtor Days197.29217.76180.00180.55170.26199.6286.61122.79164.48245.61231.90249.58
Inventory Turnover4.313.912.932.923.734.422.733.714.004.993.734.21

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