Eimco Elecon (India) Limited (EIMCOELECO)

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Eimco Elecon (India) Limited (EIMCOELECO) · mywealthgrid

About

Eimco Elecon operates in industrial products manufacturing within India's industrials sector, commanding a market capitalization of ₹1,163.19 Cr. The company demonstrates consistent standalone quarterly revenues between ₹33–₹77 Cr and maintains operating margins typically in the 17–19% range. Scale and profitability suggest an established player in its industrial manufacturing niche.

Face value: ₹10

Market cap

₹1,316 Cr

P/E

34.1×

P/B

3.4×

Dividend yield

0.4%

ROE

10.5%

ROCE

13.1%

Debt / equity

OPM

17.6%

EPS (TTM)

₹66.8

Book value

₹669.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue and profit volatility: standalone quarterly revenue ranged from ₹33.24 Cr (Sep 2025) to ₹77.52 Cr (Jun 2026), and net profit from ₹5.35 Cr to ₹15.38 Cr; verify whether this reflects seasonal patterns, customer concentration, or execution risk.
Operating margin inconsistency: OPM has swung from 15.7% (Sep 2025) to 28.23% (Mar 2025), then settled to 18–19% recently; investigate the drivers of this volatility and sustainability of current levels.
Valuation concern: PE of 30.17 combined with 12-month return of –17.31% suggests the stock may be pricing in growth expectations that have not yet materialized—assess earnings growth trajectory.
Low institutional shareholding: FII at 3.25% and DII at 0.99% may signal limited analyst coverage or liquidity; verify trading volume and bid–ask spreads.

Generated analysis · source review pending

Growth drivers

Jun 2026 revenue ₹77.52 Cr grew 14.7% YoY (vs Jun 2025 ₹67.57 Cr), signaling sustained demand momentum.
Recent OPM stabilization at 18–19% (Dec 2025–Jun 2026) after prior volatility suggests improved cost control.
Annual dividend history (2021–2026) indicates operational cash generation; verify payout ratio sustainability.
Jun 2026 EPS ₹26.66 up from Jun 2025 EPS ₹25.11 (+6.2%) aligns with revenue expansion momentum.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹2,268.8-0.4%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 52.1×

Cons

−Low return on equity of 6.3% (3-yr avg)
−Modest revenue growth of 4.3% a year over the last 5 years
−Promoter holding fell 24.7 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

65/100

Business quality: 58
Growth: 97
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	150	185	142	185	108	126	84	173	228
COGS	-8	8	72	100	55	67	37	90	116
Gross profit	—	178	70	85	53	59	48	83	112
	135	156	55	60	47	48	38	58	72
	23	22	15	25	6	11	9	24	40
OPM %	15.2%	11.8%	10.7%	13.7%	5.5%	8.7%	11.1%	14.1%	17.6%
Depreciation	6	5	5	5	6	7	8	8	7
Interest	0	0	1	1	1	1	0	1	1
	8	13	10	11	11	11	9	9	17
Profit before tax	24	29	19	30	10	14	10	25	48
Tax	6	5	3	7	1	3	1	6	10
Tax %	25.7%	16%	15.5%	23.7%	7.8%	21.1%	13.6%	22.4%	19.8%
	18	25	16	23	9	11	9	20	39
PAT margin %	12%	13.3%	11.4%	12.5%	8.8%	9%	10.3%	11.3%	17%
EPS (₹)	—	—	28.2	40.2	16.5	19.6	15	33.9	66.8
EPS adjusted (₹)	31	42.8	28.2	40.2	16.5	19.6	15	33.8	66.8
	—	—	17.7%	17.4%	30.4%	25.6%	16.6%	14.8%	7.5%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity capital	6	6	6	6	6	6	6	6	6
Reserves	241	276	289	309	313	322	327	345	380
	—	0	1	2	1	1	0	0	0
	47	32	43	37	33	42	33	38	64
Total equity & liabilities	293	314	338	353	353	370	366	389	450
	66	64	73	71	65	84	78	73	71
CWIP	0	0	1	9	11	0	0	1	0
Investments	83	150	149	156	156	161	160	169	182
	144	100	115	117	122	125	128	146	197
Total assets	293	314	338	353	353	370	366	389	450

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Margins
Gross margin %	95.8%	49.3%	46%	48.9%	47.1%	56.5%	47.9%	49.1%
EBITDA margin %	11.8%	10.8%	13.7%	5.4%	8.6%	10.9%	14.1%	17.6%
EBIT margin %	9%	7.3%	11%	0%	2.8%	1.3%	9.6%	14.3%
PAT margin %	13.3%	11.4%	12.5%	8.8%	9%	10.3%	11.3%	17%
Working capital
Receivable days	96	154	120	104	178	169	112	150
Inventory days	1,621	199	147	349	204	705	320	270
Payable days	656	124	73	—	106	168	74	86
NWC days	1,061	230	194	—	276	706	357	335
Leverage
Current ratio	7.4	5.18	4.33	4.99	6.62	7.69	4.42	3.44
Debt to EBITDA	0	0.04	0.06	0.19	0.08	0	0	0.01
Debt to equity	0	0	0.01	0	0	0	0	0
Interest coverage	79.4	37	54.4	21	24	24	51.1	52.1
Asset turnover	0.59	0.42	0.52	0.31	0.34	0.23	0.44	0.51
Return ratios
Return on assets %	7.9%	4.8%	6.6%	2.7%	3.1%	2.4%	5%	8.6%
Return on capital employed %	11%	6.7%	9.8%	3.3%	4.4%	3%	7.3%	13.1%
Return on equity %	8.8%	5.5%	7.4%	3%	3.4%	2.6%	5.6%	10%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.06%	74.06%	74.06%	74.06%	74.06%	73.64%	73.64%	73.64%	48.96%	48.96%	48.96%	48.96%
	0%	0%	0.2%	0.1%	0.1%	0.29%	0.45%	0.21%	0.6%	3.39%	3.1%	3.25%
	0%	0%	0%	0.37%	0.37%	0.75%	0.34%	0.34%	0.23%	1.01%	1.06%	0.99%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.94%	25.94%	25.74%	25.47%	25.47%	25.32%	25.57%	25.81%	50.21%	46.64%	46.88%	46.8%
No. of shareholders	—	—	—	—	—	—	—	—	15,989	18,204	18,122	17,825

Promoter holding down 25.1 percentage points since Sep 2023.

76 deals · 22 Mar 2022 – 17 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Aug 2026	AEGIS INVESTMENT FUND	Bulk	NSE	Sell	37,324	₹2,159.74	₹8.06 Cr
22 Jun 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	33,150	₹1,788.17	₹5.93 Cr
22 Jun 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	33,150	₹1,787.07	₹5.92 Cr
8 Jan 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	96,236	₹1,770.83	₹17.04 Cr
8 Jan 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	96,236	₹1,771.76	₹17.05 Cr
8 Jan 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	86,946	₹1,778.54	₹15.46 Cr
8 Jan 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	86,946	₹1,777.07	₹15.45 Cr
8 Jan 2026	IRAGE BROKING SERVICES LLP	Bulk	NSE	Buy	65,910	₹1,764.50	₹11.63 Cr
8 Jan 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	60,438	₹1,738.00	₹10.50 Cr
8 Jan 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	59,756	₹1,731.28	₹10.35 Cr

1–10 of 76

1 / 8

Mr. PRADIP MANUBHAI PATELNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. PRASHANT CHANDRAKANT AMINNon-Executive - Non Independent Director
Mr. JAI SHISHIR DIWANJINon-Executive - Independent Director
Mr. VENKATRAMAN SRINIVASANNon-Executive - Independent Director
Mr. SUNIL CHINUBHAI VAKILNon-Executive - Independent Director
Mrs. SONAL VIMAL AMBANINon-Executive - Independent Director
Mr. PRAYASVIN PATELExecutive Director-MD
Mr. KAMLESH NALIN SHAHExecutive Director-MD
Mr. Vishal C. BegwaniChief Financial Officer
Mr. Rikenkumar DalwadiCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Eimco Elecon (India) Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

As per attached letter18 Aug 2026

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Oct 2026 · in 12 daysresults

20

Final dividend12 Jun 2026 · ex-date₹4
Final dividend13 Jun 2025 · ex-date₹5
Dividend dividend14 Jun 2024 · ex-date₹5
Final dividend16 Jun 2023 · ex-date₹5
Dividend dividend16 Jun 2022 · ex-date₹2.5
Dividend dividend22 Jul 2021 · ex-date₹5
Dividend dividend31 Jul 2020 · ex-date₹5
Dividend dividend17 Jul 2019 · ex-date₹7
Dividend dividend23 Jul 2018 · ex-date₹5
Dividend dividend25 Jul 2017 · ex-date₹5
Dividend dividend15 Jul 2016 · ex-date₹5
Dividend dividend3 Aug 2015 · ex-date₹5
Dividend dividend25 Jul 2014 · ex-date₹4
Dividend dividend18 Jul 2013 · ex-date₹4
Dividend dividend18 Jul 2012 · ex-date₹4
Dividend dividend15 Jul 2011 · ex-date₹4
Dividend dividend29 Jun 2010 · ex-date₹4
Dividend dividend29 Jun 2009 · ex-date₹4
Dividend dividend11 Jul 2008 · ex-date₹4
Dividend dividend3 Jul 2007 · ex-date₹3.5

1

Board meeting to consider results13 Oct 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

60 announcementsExport CSV

30 Sept 2026, 5:04 pmBoard Meeting

Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 13Th October, 2026

Exchange filing PDF

30 Sept 2026, 12:14 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

18 Aug 2026, 8:32 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

10 Jul 2026, 2:14 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

10 Jul 2026, 2:14 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

9 Jul 2026, 1:27 pmResult

Unaudited Financial Results For The Quarter Ended June 30, 2026

Financial Results PDF

9 Jul 2026, 1:23 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting Held On July 9, 2026

Outcome of Board Meeting PDF

7 Jul 2026, 10:25 amCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
30 Sept 2026, 5:04 pm	Board Meeting	Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 13Th October, 2026	PDF
30 Sept 2026, 12:14 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

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Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Margins
Gross margin %	95.8%	49.3%	46%	48.9%	47.1%	56.5%	47.9%	49.1%
EBITDA margin %	11.8%	10.8%	13.7%	5.4%	8.6%	10.9%	14.1%	17.6%
EBIT margin %	9%	7.3%	11%	0%	2.8%	1.3%	9.6%	14.3%
PAT margin %	13.3%	11.4%	12.5%	8.8%	9%	10.3%	11.3%	17%
Working capital
Receivable days	96	154	120	104	178	169	112	150
Inventory days	1,621	199	147	349	204	705	320	270
Payable days	656	124	73	—	106	168	74	86
NWC days	1,061	230	194	—	276	706	357	335
Leverage
Current ratio	7.4	5.18	4.33	4.99	6.62	7.69	4.42	3.44
Debt to EBITDA	0	0.04	0.06	0.19	0.08	0	0	0.01
Debt to equity	0	0	0.01	0	0	0	0	0
Interest coverage	79.4	37	54.4	21	24	24	51.1	52.1
Asset turnover	0.59	0.42	0.52	0.31	0.34	0.23	0.44	0.51
Return ratios
Return on assets %	7.9%	4.8%	6.6%	2.7%	3.1%	2.4%	5%	8.6%
Return on capital employed %	11%	6.7%	9.8%	3.3%	4.4%	3%	7.3%	13.1%
Return on equity %	8.8%	5.5%	7.4%	3%	3.4%	2.6%	5.6%	10%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Indo-Mim LimitedINDOMIMINDOMIM	₹62,891 Cr	₹63,981 Cr	₹4,193 Cr	₹1,071 Cr	25.5%	₹534 Cr	12.7%	29.6%	21.3%	—
Aditya Infotech LimitedCPPLUSCPPLUS	₹44,797 Cr	₹44,910 Cr	₹4,883 Cr	₹709 Cr	13.4%	₹477 Cr	8.7%	33.8%	25.5%	61
Syrma Sgs Technology LimitedSYRMASYRMA	₹33,121 Cr	₹33,474 Cr	₹5,464 Cr	₹610 Cr	11.3%	₹402 Cr	7.2%	18.7%	15%	48
Honeywell Automation India LimitedHONAUTHONAUT	₹29,454 Cr	₹29,454 Cr	₹4,703 Cr	₹637 Cr	12.9%	₹551 Cr	11.2%	16.7%	12.4%	-12
Jyoti Cnc Automation LimitedJYOTICNCJYOTICNC	₹23,470 Cr	₹24,320 Cr	₹2,191 Cr	₹535 Cr	25.2%	₹322 Cr	16.1%	25.3%	18.2%	359
Kaynes Technology India LimitedKAYNESKAYNES	₹22,773 Cr	₹23,648 Cr	₹3,899 Cr	₹609 Cr	15.8%	₹346 Cr	10%	15.4%	9.6%	193
Lmw LimitedLMWLMW	₹17,706 Cr	₹17,706 Cr	₹3,374 Cr	₹219 Cr	5.3%	₹175 Cr	4.1%	6.4%	4.6%	23
Tega Industries LimitedTEGATEGA	₹15,721 Cr	₹16,039 Cr	₹3,059 Cr	₹231 Cr	13.7%	₹21 Cr	8.4%	8.5%	5.9%	153
Lloyds Engineering Works LimitedLLOYDSENGGLLOYDSENGG	₹14,553 Cr	₹14,587 Cr	₹1,611 Cr	₹229 Cr	14.5%	₹163 Cr	15.2%	17.5%	16.4%	184
Kennametal India LimitedKENNAMETKENNAMET	₹9,411 Cr	₹9,411 Cr	₹991 Cr	₹179 Cr	18.1%	₹114 Cr	11.5%	24.5%	18.5%	170
Dynamatic Technologies LimitedDYNAMATECHDYNAMATECH	₹9,354 Cr	₹9,883 Cr	₹1,675 Cr	₹200 Cr	11.3%	₹42 Cr	2%	12.3%	4.3%	142
Standard Engineering Technology LimitedSETLSETL	₹8,318 Cr	₹8,376 Cr	₹849 Cr	₹129 Cr	15.4%	₹89 Cr	10.7%	15.5%	10.7%	335

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	43	19	10	10	11	3	-11	7	12
	-42	-14	-5	-8	-3	3	8	-5	-2
	-3	-3	-3	-3	-5	-3	-3	-2	-4
Net cash flow	-3	1	2	-0	3	3	-6	-0	5
Free cash flow	37	15	-6	-2	2	-3	-13	4	7
CFO / Operating profit %	188.3%	85.1%	63.8%	39.9%	195.6%	24%	-119.4%	27.4%	29%

Eimco Elecon (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

1

20

1

Announcements

1

20

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Eimco Elecon (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Upcoming and recent1

Dividends20

Board meetings1

Announcements

Upcoming and recent1

Dividends20

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

20

1

1

20

1