Elecon Engineering Company Ltd.
Snapshot View

139.75 -5.65 ▼-3.9%

23 July 2021, 04:00:00 P.M.
Volume: 395,176

Overview View Details

Sector Capital Goods Compare with Sector peers
Industry Engineering - Industrial Equipments Compare with Industry peers
Website http://www.elecon.com
Financial Indicators
Market Cap 1,576.97 Cr.
Earnings per share (EPS) 5.14 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 27.36 Trailing Twelve Months Ending 2021-03
Industry PE 85.96 Trailing Twelve Months Ending 2021-03
Book Value / Share 81.93 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.72 Calculated using Price: 140.55
Dividend Yield 0.28 Period Ending 2021-03
No. of Shares Subscribed 11.22 Cr. 112,199,965 Shares
FaceValue 2
Company Profile

Elecon Engineering Company, founded in 1951, is engaged in delivering power transmission solutions and material handling equipment. The company caters to the needs of various sectors like steel, fertilisers, cement, coal, lignite and iron ore mines, sugar, power stations and port mechanization in India and abroad. It has emerged as the largest gear manufacturing company in Asia.

Headquartered in India, company has offices located in countries namely Singapore, South Africa and Dubai. Elecon has formed EMTICI Engineering -- a marketing and servicing company for Elecon products in India. The company has network of 90 dealers and 30 resident engineers. The company’s material handling equipment plant is spread over on an area of 1,17,000 sq.mt, and is located at Vallabh Vidyanagar.

Divisions

Power Transmission solutions- This division of company design and manufactures worm gears, parallel shaft and right angle shaft, helical and spiral bevel helical gears, fluid, geared and flexible couplings and planetary gear boxes. These products are supplied to sectors such as sugar, cement, chemical, fertilizer, steel, plastic extrusion and rubber. The company has received ISO 9001:2000 certification for its quality management.

Material handling equipments- Under this, the  company manufactures products such as belt conveyors, stacker-cum-reclaimers, pusher cars, idlers and pulleys, barrel type blender reclaimers, ship loaders and unloaders, stacker, bridge type bucket wheel reclaimers, crawwler mounted bucket wheel excavators, wagon tipplers and side arm chargers, crushers and feeders. This division caters the need of various industries such as steel, fertilizer, cement, coal, lignite and iron are mines, power stations and port mechnisation in India and abroad.

Wind Power- Elecon manufactures wind turbines of 300 KW and 600 KW capacity at the unit located at Vallabh Vidynagar in Gujarat. The company has entered into technical collaboration with Turbowindof Belgium with an aim to manufacture quality wind turbines.

Milestones

  • 1951- The company was incorporated.
  • 1975-1985- The company collaborated with WGW (TGW) Thyssen Getribe Works for manufacturing of Sprial Bevel and Helical Gearboxes.
  • 1985-1992- The company collaborated with Renk AG, Germany for high speed gearboxes, bucket wheel and slewing planetary gearboxes, marine gearboxes and vertical roller mill gearboxes.
  • 1992- Elecon Emgineering formed a tie up with Renk AG, Germany on project to project basis. It also collaborated with SIME France for Hydrokinetic Fluid Couplings from for various sizes up to CDR / CDRP 870.
  • 1999-2002- It collaborated with PIV, Germany for Posired-II-Sprial Bevel and Heli-Bevel drives gearboxes.
  • 1998- It developed Lift Gear Box-TM 500 Model for Kinetic Transportation Products.
  • 1999- Elecon produced Lift Gear Box-G140 Model for Bharat Bijlee.
  • 2000- Elecon Engineering developed Lift Traction Machine-W140 Model for Schindler India.
  • 2003- The company developed Elevator Traction Machine Model - L127.
  • 2004- It developed Elevator Traction Machine Model - L163.
  • 2005- The company developed Elevator Traction Machine Model - L115.
  • 2007- The company collaborated with Renk AG, Germany for Vertical Roller Mill Gearboxes, KPAV type upto size 200 and output torque 1040 KNM.
  • 2008- The company collaborated with Haisung Industrial System Co., South Korea

Future Plans

Elecon Engineering Company will diversify in various businesses in order to widen its product portfolio.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-3.89%
1 Week
-1.31%
1 Month
+5.51%
3 Month
+66.77%
6 Month
+191.45%
1 Year
+449.12%
2 Year
+261.11%
5 Year
+124.50%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 5.92 2.68 3.21 5.55 0.94 0.67 8.97 10.86 6.29
Return on Capital Employed (%) 11.87 9.09 10.74 11.53 9.87 6.03 12.09 7.38 11.27
Return on Assets (%) 1.45 0.68 0.85 1.65 0.31 0.23 3.07 4.10 2.71

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 538 532 536 704 710 709 768 854 919
Non Curr. Liab. 359 320 312 292 258 307 377 260 230
Curr. Liab. 1,192 1,170 1,080 1,208 1,119 1,140 1,020 1,015 839
Minority Int. 34 35 36
Equity & Liab. 2,123 2,058 1,964 2,203 2,087 2,156 2,165 2,129 1,988
Non Curr. Assets 690 691 604 990 962 929 903 894 854
Curr. Assets 1,434 1,366 1,360 1,213 1,125 1,227 1,262 1,236 1,134
Misc. Exp. not W/O
Total Assets 2,123 2,058 1,964 2,203 2,087 2,156 2,165 2,129 1,988

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 1,527 1,293 1,329 1,280 1,202 1,180 1,225 1,088 1,045
Other Income 7 14 17 30 9 5 100 36 79
Total Income 1,534 1,307 1,346 1,310 1,210 1,186 1,324 1,125 1,124
Total Expenditure -1,311 -1,136 -1,153 -1,108 -1,027 -1,055 -1,118 -976 -932
PBIDT 224 171 193 202 183 131 206 149 192
Interest -90 -80 -87 -83 -90 -75 -74 -78 -60
Depreciation -57 -62 -72 -62 -53 -53 -48 -53 -52
Taxation -21 -15 -17 -22 -33 2 -18 70 -24
Exceptional Items -27
PAT 29 14 17 34 7 5 66 88 56

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 176 160 177 12 188 70 87 222 248
Cash Fr. Inv. -98 -30 0 7 -7 -51 40 -25 -19
Cash Fr. Finan. -65 -140 -168 -5 -134 -64 -118 -176 -210
Net Change 13 -9 9 14 47 -44 9 21 19
Cash & Cash Eqvt 32 22 32 44 91 47 56 77 96

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 58.68 58.93 58.93 59.20 59.20 59.20 59.20 59.20 59.20
Public 41.32 41.07 41.07 40.80 40.80 40.80 40.80 40.80 40.80
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 46.17 45.98 45.98 40.35 40.35 32.90 32.90 23.49 11.29

Announcements View Details

Wed, 21 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
With reference to the Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and our letter dated 20th July 2021 we would like to inform you that the Company has published the corrigendum to the Notice of 61st Annual Report for the Financial Year 2020-21 in the Business Standard Newspaper (English) & Jay Hind Newspaper (Gujarati) on 21st July 2021.

A copy of the said newspapers advertisements are enclosed for your reference and record.

Kindly take the same on your record.
Tue, 20 Jul 2021
Corrigendum To The 61St Annual Report For The Financial Year 2020-21
We hereby inform you that one inadvertent typo error was noticed in the 61st Annual Report for the F.Y. 2020-21 of the Company after the same was sent to the Members/ Shareholders through electronic mode on 13th July 2021. The details of the same is as follows:
- On page No. 219 of the Annual Report 2020-21 of the Company in the Notice of AGM SPECIAL BUSINESS - in Point No. 5 -
The Resolution shall be read as Ordinary Resolution instead of (presently mentioned) Special Resolution.
The Company has taken necessary steps to publish the same in the newspaper to inform shareholders. The copy of this corrigendum & updated version of Annual Report has been uploaded on the website of the Company viz. www.elecon.com.

The said correction has no impact on the statement of profit and loss account of the Company for the FY ended 31st March 2021 and same is also in compliance of the related provisions and that this corrigendum should be read in conjunction with the Annual Report 2020-2021.
Mon, 19 Jul 2021
Shareholding for the Period Ended June 30 2021
Elecon Engineering Company Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone
Close Within 5 Year High Zone Close Within 5 Year High Zone
Both SRS And ARS Above Zero Both SRS And ARS Above Zero

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