Elecon Engineering Company Limited Share Price and Company Fundamentals



Price
₹465.15
Change
6.250 (1.362%)
52 week
128.05 - 476.0

Last traded: Today at 10:00 AM

Elecon Engineering Company Limited manufactures and sells power transmission and material handling equipment in India and internationally. The company operates in two segments, Material Handling Equipment and Transmission Equipment. It provides helical and bevel helical, planetary, worm, high speed, wind turbine, marine, and custom built gear boxes; customized gear boxes; loose gears; vertical roller mill drives; elign geared, elflex flexible, fluid, scoop controlled variable speed controlled fluid, and torsion shaft couplings; and elevator traction machines. The company also provides material handling equipment, such as raw material handling systems, stackers, scrapers/reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers and associated equipment, feeders, idlers and pulleys, magnates/weighers/detectors, port equipment, and cable reeling drums; and alternate energy products. In addition, it engages in the ferrous and non-ferrous foundry business. Further, the company offers gearbox repair and refurbish services; and material handling equipment support services. Elecon Engineering Company Limited serves cement, sugar, defense, steel, mining, power, plastic, material handling, chemical, palm oil, crane, paper, rubber, marine, and fertilizer industries, as well as windmills and ports. The company was founded in 1951 and is based in Vallabh Vidyanagar, India.

Key Metrics

PE ratio

27.72

PB ratio

4.52

Dividend yield

0.00%

Beta

1.16

Market cap

-

Enterprise value

-

Company profile

Industry / Sector Specialty Industrial Machinery / Industrials
Full time employees 565
Website https://www.elecon.com
Mailing address Anand-Sojitra Road Vallabh Vidyanagar 388120 India
Phone / Fax 91 26 9223 6469 / 91 26 9222 7484

Dividends

Dividend yield

0.00%

Dividend amount

₹0.00

Payout ratio

6.08%

Elecon Engineering Company Limited paid ₹0.00 dividend and the ex-dividend date was 09 June 2022.The dividend payout ratio is 6.08%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.ELECON dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.

ELECON's forward dividend amount is ₹1 and the forward dividend yield is 0.23%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Dec 2022, following are the company executives and directors listed on Elecon Engineering Company Limited.

Name Title Age Total Pay
Mr. Prayasvin Bhanubhai Patel BE, MBA Non-Independent Exec. Chairman & MD 63 60.83M
Mr. Narasimhan Raghunathan Chief Financial Officer
Ms. Bharti L. Isarani Company Sec. & Compliance Officer
Mr. Dinesh Patel Group Technical Director
Mr. M. M. Nanda Head of Gear Division
Mr. P. K. Bhasin Head of MHE Division
Mr. Rajkumar Pania VP of Projects & SCM 57

Profitability and management effectiveness

Profit margin

14.02%

Operating margin

18.58%

Return on assets

8.79%

Return on equity

17.51%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Elecon Engineering Company Limited is and its enterprise value is .

The ELECON's stocks Beta value is 1.16 making it 16% more volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Elecon Engineering Company Limited (NSE:ELECON) Frequently Asked Questions

1. What is Elecon Engineering Company Limited's Stock Symbol?

Elecon Engineering Company Limited trades on NSE under the ticker symbol "ELECON".

2. What is Elecon Engineering Company Limited's stock price today?

One share of ELECON stock can currently be purchased for approximately ₹465.15.

3. How can I contact Elecon Engineering Company Limited?

Elecon Engineering Company Limited's mailing address is Anand-Sojitra Road Vallabh Vidyanagar 388120 India. The company can be reached via phone at 91 26 9223 6469.

4. What is Elecon Engineering Company Limited's official website?

The official website of Elecon Engineering Company Limited is https://www.elecon.com.