Elecon Engineering Company Ltd
Elecon Engineering Company Ltd (ELECON)

Elecon Engineering Company Ltd (ELECON)

₹347.650.73%

Key Stats

₹345.5
Day's Price Range
₹354.95
₹128.05
52-Week Price Range
₹393.95
1 Month Return8.85 %
3 Month Return93.26 %
1 Year Return137.66 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 148
27.97
EPS
Rank 98
₹12.52
BVPS
Rank 112
₹81.93
Dividend Yield
Rank 98
0.63%
ROE
Rank 238
4.53%
Price To Book Ratio
Rank 155
4.27
Debt To Asset
Rank 157
0.53

Company Information

Elecon Engineering Company Ltd is a leading manufacture of mission critical Material Handling Equipment and Power Transmission Solution. The company designs manufactures and markets their sophisticated range of products through their network spread across India and through foreign equity participating companies in Singapore Australia South Africa China and Dubai in the Middle East.The companys product range includes designing engineering manufacturing supply erection and commission of wagon tipplers bucket wheel stacker or reclaimers barreltype blender reclaimers fertilizer reclaiming scrapers limestone prehomegenizing and blending plants etc. The company is the first company in India to have manufactured sophisticated equipment for Bulk Material Handling. Elecon Engineering Company Ltd was established in the year 1951. The company is the pioneer in the manufacture of material handling equipment in India. The company developed and perfected their skills in design manufacture erection and commissioning of coal handling plants. Over the years they expanded their skills and expertise for designing and execution of turnkey contracts.In the year 1984 the company received government approval for their diversification into the manufacture of 1000 hydraulic fluid couplings per annum and in June 1987 Elecon Madras Ltd a wholly owned subsidiary company merged with the company.During the year 199798 the company in technical collaboration with a Japanese company floated a new company to manufacture geared motors and gear reducers. Also they formed a joint venture with German company. The commercial production was started in March 1999. During the year 199899 the company launched POSIRED 2 Helical/Bevel Gears in technical collaboration with P I V Antrieb Werner Reimers GmbH Co KG Germany. Also they launched Super NU Universal Mounting Worm Gears during the year.During the year 200001 the company set up a wholly owned subsidiary company at Singapore namely Elecon Singapore Pte Ltd with a view to develop the export market for the companys products in the South East Asian countries and during the year 200102 they set up another wholly owned subsidiary at Australia namely Elecon Australia Pte Ltd with a view to develop the export market for the company products in Australia.During the year 200203 the company entered into an agreement for transfer of 50 of the equity share in their subsidiaries at Singapore and Australia to Emitici Engineering Ltd. In view of this Elecon Singapore Pte Ltd and Elecon Australia Pty Ltd are no more subsidiaries of the company. The company in technical collaboration with RENK Germany delivered their first shipset against the order of three shipsets from Mazgaon Dock Ltd for the Indian Navys Stealth Frigate.During the year 200304 the company bagged an order from Maharashtra State Electricity Board for their Parli project worth Rs 58 crores. Also they received orders for manufacture of certain gear components from one of the largest Gear manufacturers in the world. During the year 200506 the company entered into Technical Collaboration Agreement with Turbowinds N V of Belgium for import of technology to manufacture Wind Electric Generators. Also they invested in 3 equity shares of AED 100000 aggregating to AED 300000 in Elecon Middle East FZCO at Dubai Airport Free Trade Zone. During the year 200607 the company signed a technical collaboration with Haisung Industrial System Company Ltd of Korea to design and manufacture high speed and capacity lift gearboxes. Also they signed a technical collaboration agreement with RENK AG of Germany for availing technology for design and manufacture of Vertical Roller Mill Gear Boxes.During the year 200708 the company set up Wind Turbine Generator farms and manufacturing of Wind Turbine Generator Gear Boxes with a strategy of diversification. They developed a Wind Farm in Gujarat where 6 Wind Turbine Generators having the capacity of 600 KW was commissioned. Also they supplied 4 Wind Turbine Generators equipments having the capacity of 600 KW each in Maharashtra.
OrganisationElecon Engineering Company Ltd
HeadquartersVallabh Vidyanagar
IndustryCapital Goods-Non Electrical Equipment