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ELECON
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Recent events
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News
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Corporate Actions
Elecon Engineering Company Dec-Qtr Consol Net Pat 1.08 Bln Rupees
Jan 22 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
ELECON ENGINEERING COMPANY DEC-QUARTER CONSOL NET PAT 1.08 BILLION RUPEES
ELECON ENGINEERING COMPANY DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.29 BILLION RUPEES
Source text: ID:nBSE8N9C2h
Further company coverage: ELCN.NS
(([email protected];;))
Jan 22 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
ELECON ENGINEERING COMPANY DEC-QUARTER CONSOL NET PAT 1.08 BILLION RUPEES
ELECON ENGINEERING COMPANY DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.29 BILLION RUPEES
Source text: ID:nBSE8N9C2h
Further company coverage: ELCN.NS
(([email protected];;))
India's Elecon Engineering down on Q2 profit fall
** Shares of industrial machinery manufacturer Eelecon Engineering ELCN.NS drop 9.5% to 653 rupees
** Co's September qtr consolidated net PAT fell to 877.2 mln rupees ($10.4 mln) from 885.7 mln rupees year ago on higher expenses
** Consolidated rev rose 4.8% YoY, and total expenses rose 7.6% YoY
** Stock on track for second straight session of losses
** ELCN gained ~39% so far this year
($1 = 84.0410 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of industrial machinery manufacturer Eelecon Engineering ELCN.NS drop 9.5% to 653 rupees
** Co's September qtr consolidated net PAT fell to 877.2 mln rupees ($10.4 mln) from 885.7 mln rupees year ago on higher expenses
** Consolidated rev rose 4.8% YoY, and total expenses rose 7.6% YoY
** Stock on track for second straight session of losses
** ELCN gained ~39% so far this year
($1 = 84.0410 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
Elecon Engineering Co June-Quarter Consol Net PAT At 733.6 Million Rupees
July 17 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
JUNE-QUARTER CONSOL NET PAT 733.6 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.92 BILLION RUPEES
Source text for Eikon: ID:nBSE9l2pDV
Further company coverage: ELCN.NS
(([email protected];))
July 17 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
JUNE-QUARTER CONSOL NET PAT 733.6 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.92 BILLION RUPEES
Source text for Eikon: ID:nBSE9l2pDV
Further company coverage: ELCN.NS
(([email protected];))
India's Elecon Engineering hits record high on Q4 profit climb
** Shares of Elecon Engineering ELCN.NS jump 6.4% to a record 1,128.45 rupees
** Co's Q4 consolidated net PAT rose 52.6% YoY and rev rose 33%; co also approved share split
** Stock on track for best day since Feb. 29
** ELCN up 16.1% so far this week, set for best week since early June 2022
(Reporting by Varun Vyas in Bengaluru)
** Shares of Elecon Engineering ELCN.NS jump 6.4% to a record 1,128.45 rupees
** Co's Q4 consolidated net PAT rose 52.6% YoY and rev rose 33%; co also approved share split
** Stock on track for best day since Feb. 29
** ELCN up 16.1% so far this week, set for best week since early June 2022
(Reporting by Varun Vyas in Bengaluru)
India's Elecon Engineering hits record high on Q3 profit jump
** Shares of Elecon Engineering ELCN.NS rise as much as 5.7% to a record high of 1,120 rupees
** Industrial equipment maker said on Thursday its Q3 net PAT rose more than 44% to 904 mln rupees ($11 mln), rev from ops up ~22% Y/Y
** Over 872,000 shares change hands, 2x 30-day avg
** ELCN trading above its 200-day simple moving average since March
** Stock rose ~20% in Q3, its seventh consecutive quarterly gain
($1 = 83.1250 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Elecon Engineering ELCN.NS rise as much as 5.7% to a record high of 1,120 rupees
** Industrial equipment maker said on Thursday its Q3 net PAT rose more than 44% to 904 mln rupees ($11 mln), rev from ops up ~22% Y/Y
** Over 872,000 shares change hands, 2x 30-day avg
** ELCN trading above its 200-day simple moving average since March
** Stock rose ~20% in Q3, its seventh consecutive quarterly gain
($1 = 83.1250 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Elecon Engineering Company Got Letter Of Intent For Awarding A Contract Of 827.8 Million Rupees
Jan 22 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
GOT LETTER OF INTENT FOR AWARDING A CONTRACT OF 827.8 MILLION RUPEES
Source text for Eikon: ID:nBSE8BFJy6
Further company coverage: ELCN.NS
(([email protected];))
Jan 22 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
GOT LETTER OF INTENT FOR AWARDING A CONTRACT OF 827.8 MILLION RUPEES
Source text for Eikon: ID:nBSE8BFJy6
Further company coverage: ELCN.NS
(([email protected];))
India's Elecon Engineering surges as quarterly profit jumps
** Shares of Elecon Engineering ELCN.NS rise as much as 6.7% to 839.75 rupees, its steepest climb since Sept 25
** Co posts 37% jump in Sept-qtr consolidated net PAT profit, 24.8% rise in revenue
** The two segments of the co, transmission equipment and material handling equipment saw their consolidated revenue rise 26.9% and % 12% YoY respectively
** Including session's gain, stock up 124.9%
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Elecon Engineering ELCN.NS rise as much as 6.7% to 839.75 rupees, its steepest climb since Sept 25
** Co posts 37% jump in Sept-qtr consolidated net PAT profit, 24.8% rise in revenue
** The two segments of the co, transmission equipment and material handling equipment saw their consolidated revenue rise 26.9% and % 12% YoY respectively
** Including session's gain, stock up 124.9%
(Reporting by Aleef Jahan in Bengaluru)
Elecon Engineering Company Got Order Of 514.1 Mln Rupees From Arcelormittal Nippon Steel India
Oct 19 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
GOT ORDER OF 514.1MLN RUPEES FROM ARCELORMITTAL NIPPON STEEL INDIA
Source text for Eikon: ID:nBSE4QNSf
Further company coverage: ELCN.NS
(([email protected];))
Oct 19 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
GOT ORDER OF 514.1MLN RUPEES FROM ARCELORMITTAL NIPPON STEEL INDIA
Source text for Eikon: ID:nBSE4QNSf
Further company coverage: ELCN.NS
(([email protected];))
India's Elecon Engineering Company Ltd June-Quarter Consol Net Profit After Tax Rises
July 11 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
JUNE-QUARTER CONSOL NET PAT 729.6 MILLION RUPEES VERSUS 423.1 MILLION RUPEES YEAR AGO
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.14 BILLION RUPEES VERSUS 3.28 BILLION RUPEES YEAR AGO
APPROVED INCORPORATION OF UNIT ELECON MIDDLE EAST FZCO, DUBAI
Source text for Eikon: ID:nBSE1m5sqv
Further company coverage: ELCN.NS
(([email protected];))
July 11 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
JUNE-QUARTER CONSOL NET PAT 729.6 MILLION RUPEES VERSUS 423.1 MILLION RUPEES YEAR AGO
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.14 BILLION RUPEES VERSUS 3.28 BILLION RUPEES YEAR AGO
APPROVED INCORPORATION OF UNIT ELECON MIDDLE EAST FZCO, DUBAI
Source text for Eikon: ID:nBSE1m5sqv
Further company coverage: ELCN.NS
(([email protected];))
India's Elecon Engineering Company Mar-Quarter Consol Net PAT Rises
April 25 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
APPROVES FINAL DIVIDEND OF 2 RUPEESPER SHARE
MAR-QUARTER CONSOL NET PAT 679.5 MILLION RUPEES VERSUS PROFIT 463 MILLION RUPEES
MAR-QUARTER CONSOL REVENUE FROM OPERATIONS 4.25 BILLION RUPEES VERSUS 3.32 BILLION RUPEES
RE-APPOINTED PRAYASVIN B. PATEL DESIGNATED AS CHAIRMAN & MD
Source text for Eikon: ID:nBSE1lkD7x
Further company coverage: ELCN.NS
(([email protected];))
April 25 (Reuters) - Elecon Engineering Company Ltd ELCN.NS:
APPROVES FINAL DIVIDEND OF 2 RUPEESPER SHARE
MAR-QUARTER CONSOL NET PAT 679.5 MILLION RUPEES VERSUS PROFIT 463 MILLION RUPEES
MAR-QUARTER CONSOL REVENUE FROM OPERATIONS 4.25 BILLION RUPEES VERSUS 3.32 BILLION RUPEES
RE-APPOINTED PRAYASVIN B. PATEL DESIGNATED AS CHAIRMAN & MD
Source text for Eikon: ID:nBSE1lkD7x
Further company coverage: ELCN.NS
(([email protected];))
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What does Elecon Engg. do?
Elecon Engineering Company Ltd is a leading gear manufacturing company in Asia, specializing in power transmission solutions and material handling equipment for various sectors in India and abroad.
Who are the competitors of Elecon Engg.?
Elecon Engg. major competitors are Craftsman Automation, LG Balakrishnan&Bros, Divgi Torqtransfer, Setco Automotive, ZF Comm Vehic Contr, Shriram Pistons, Sansera Engineering. Market Cap of Elecon Engg. is ₹11,492 Crs. While the median market cap of its peers are ₹7,048 Crs.
Is Elecon Engg. financially stable compared to its competitors?
Elecon Engg. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Elecon Engg. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Elecon Engg. latest dividend payout ratio is 9.47% and 3yr average dividend payout ratio is 10.03%
How has Elecon Engg. allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Elecon Engg. balance sheet?
Balance sheet of Elecon Engg. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Elecon Engg. improving?
Yes, profit is increasing. The profit of Elecon Engg. is ₹364 Crs for TTM, ₹356 Crs for Mar 2024 and ₹238 Crs for Mar 2023.
Is the debt of Elecon Engg. increasing or decreasing?
Yes, The debt of Elecon Engg. is increasing. Latest debt of Elecon Engg. is -₹235.14 Crs as of Sep-24. This is greater than Mar-24 when it was -₹526.62 Crs.
Is Elecon Engg. stock expensive?
Yes, Elecon Engg. is expensive. Latest PE of Elecon Engg. is 30.87, while 3 year average PE is 25.1. Also latest EV/EBITDA of Elecon Engg. is 23.32 while 3yr average is 16.22.
Has the share price of Elecon Engg. grown faster than its competition?
Elecon Engg. has given better returns compared to its competitors. Elecon Engg. has grown at ~51.79% over the last 2yrs while peers have grown at a median rate of 24.9%
Is the promoter bullish about Elecon Engg.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Elecon Engg. is 59.27% and last quarter promoter holding is 59.27%.
Are mutual funds buying/selling Elecon Engg.?
The mutual fund holding of Elecon Engg. is increasing. The current mutual fund holding in Elecon Engg. is 2.52% while previous quarter holding is 2.22%.