Elecon Engineering Company Ltd.

NSE: ELECON BSE: 505700 SECTOR: Engineering - Industrial Equipments  21k   104   12

269.10
-8.25 (-2.97%)
NSE: 24 Jun 03:58 PM

Price Summary

Today's High

₹ 284.3

Today's Low

₹ 266.6

52 Week High

₹ 289.9

52 Week Low

₹ 124.1

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

3019.3 Cr.

Enterprise Value

3193.99 Cr.

No. of Shares

11.22 Cr.

P/E

31.61

P/B

3.33

Face Value

₹ 2

Div. Yield

0.89 %

Book Value (TTM)

₹  80.89

CASH

50.61 Cr.

DEBT

225.29 Cr.

Promoter Holding

59.26 %

EPS (TTM)

₹  8.51

Sales Growth

-4.71%

ROE

4.53 %

ROCE

10.37%

Profit Growth

-49.92 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year11.1%
3 Year-2.54%
5 Year-0.86%

Profit Growth

1 Year163.39%
3 Year99.26%
5 Year35.31%

ROE%

1 Year11.06%
3 Year8.37%
5 Year5.57%

ROCE %

1 Year15.23%
3 Year10.56%
5 Year9.06%

Debt/Equity

0.1102

Price to Cash Flow

13.76

Interest Cover Ratio

2.06363160209581

CFO/PAT (5 Yr. Avg.)

5.09265016083777

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2022 59.26 11.28
Dec 2021 59.21 11.29
Sep 2021 59.21 11.29
Jun 2021 59.2 11.29
Mar 2021 59.2 23.49
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 64.9271289457957% for the Past 3 years.
  • The company has significantly decreased its debt by 128.3766 Cr.
  • The company has an efficient Cash Conversion Cycle of -84.0729084771873 days.
  • The company has a good cash flow management; CFO/PAT stands at 5.09265016083777.

 Limitations

  • The company has shown a poor revenue growth of -4.39322176183958% for the Past 3 years.
  • Company has high debtor days of 235.09775621365.
  • Company has contingent liabilities of 523.4258 Cr.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
Net Sales 273.2 219.29 235.17 184.79 245.81
Total Expenditure 215.69 169.25 184.23 151.17 195.08
Operating Profit 57.51 50.04 50.94 33.62 50.73
Other Income 2.67 2.46 1.47 1.55 2.98
Interest 12.57 11.9 10.54 4.35 5.13
Depreciation 10.42 9.68 9.83 9.51 9.23
Exceptional Items 0 0 0 0 0
Profit Before Tax 37.18 30.92 32.03 21.32 39.35
Tax 14.75 7.79 8.93 5.55 5.83
Profit After Tax 22.43 23.13 23.11 15.77 33.52
Adjusted EPS (Rs) 2 2.06 2.06 1.41 2.99

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 911.27 955.46 835.74 796.1 884.42
Total Expenditure 800.99 874.26 758.44 725.39 706.85
Operating Profit 110.28 81.2 77.3 70.71 177.57
Other Income 10.56 55.09 37.92 84.69 16.97
Interest 67.68 64.86 70.25 54.8 32.67
Depreciation 48.07 43.58 43.69 42.31 38.25
Exceptional Items 0 0 0 0 0
Profit Before Tax 5.09 27.86 1.28 58.28 123.61
Tax -3 15.78 -71.14 22.02 28.09
Net Profit 8.08 12.07 72.42 36.26 95.52
Adjusted EPS (Rs.) 0.72 1.08 6.45 3.23 8.51

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 22.44 22.44 22.44 22.44 22.44
Total Reserves 708.3 717.57 759.82 796.93 885.11
Borrowings 144.58 216.94 131.31 116.15 19.66
Other N/C liabilities 72.08 84.62 36.87 49.76 41.25
Current liabilities 1007.34 905.54 885.93 716.62 466.89
Total Liabilities 1954.74 1947.11 1836.36 1701.91 1435.35
Assets
Net Block 713.29 677.49 628.11 588.47 562.59
Capital WIP 1.08 4.61 0.18 0.31 0.15
Intangible WIP 0.25 0.25 0 0 0
Investments 163.27 162.96 144.75 144.12 143.88
Loans & Advances 20.32 23.76 25.85 22.62 32.27
Other N/C Assets 22.21 20.68 15.84 19.81 10.57
Current Assets 1034.32 1057.37 1021.63 926.57 685.88
Total Assets 1954.74 1947.11 1836.36 1701.91 1435.35
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 5.09 27.86 1.28 58.28 123.61
Adjustment 111.96 101.69 122.55 133.33 86.92
Changes in Assets & Liabilities -11.77 -56.09 49.59 27.3 -4.59
Tax Paid 0.77 -2.44 -2.93 0.58 -28.23
Operating Cash Flow 106.04 71.02 170.49 219.5 177.71
Investing Cash Flow -64.87 13.61 -12.96 -15.67 -4.5
Financing Cash Flow -37.56 -89.41 -155.84 -193.1 -175.02
Net Cash Flow 3.61 -4.79 1.69 10.72 -1.81

Corporate Actions

Investors Details

PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Promoters 59.20 59.20 59.21 59.21 59.26
emtici engineering... 23.47 23.47 23.47 23.47 23.47
prayas engineering... 10.90 10.90 10.90 10.90 10.90
k b investments pr... 8.66 8.66 8.66 8.66 8.66
bipra investments ... 6.49 6.49 6.49 6.49 6.49
elecon information... 2.56 2.56 2.56 2.56 2.56
prayasvin bhanubha... 1.75 1.75 1.75 1.75 1.75
akaaish mechatroni... 1.66 1.66 1.66 1.66 1.71
trupti pradip patel 1.28 1.28 1.28 1.28 1.28
devkishan investme... 1.15 1.15 1.15 1.15 1.15
akansha p. patel 0.55 0.55 - - -
akanksha p. patel - - 0.55 0.55 0.55
b i patel-huf (bha... 0.20 0.20 0.20 0.20 0.20
taruna patel 0.18 0.18 0.20 0.20 0.20
wizard fincap limi... 0.16 0.16 0.16 0.16 0.16
speciality woodpac... 0.16 0.16 0.16 0.16 0.16
power build privat... 0.01 0.01 0.01 0.01 0.01
PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Investors 40.80 40.80 40.79 40.79 40.74
vijaya s 2.42 1.46 - - -
hdfc trustee compa... 2.09 2.09 2.05 - -
hdfc trustee compa... - - - - -
hdfc trustee compa... - - - - -
hdfc mutual fund -... - - - 1.80 1.80
ajay upadhyaya 1.43 1.43 1.72 1.72 1.78
vijay kishanlal ke... - 1.19 1.16 1.16 1.19
iepf 0.79 0.79 0.79 0.87 0.87
llp - 0.10 0.37 0.36 0.35

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Elecon Engineering Company informs about credit rating21 Jun 2022, 4:54PM Elecon Engineering Co informs about disclosure16 Jun 2022, 4:36PM Elecon Engineering Co informs about disclosure15 Jun 2022, 4:26PM Elecon Engineering Company informs about analyst meet10 Jun 2022, 4:45PM Elecon Engineering Company informs about newspaper publication 4 Jun 2022, 3:49PM Elecon Engineering Company informs about investor presentation11 May 2022, 1:16PM Elecon Engg. - Quaterly Results3 May 2022, 5:00PM Elecon Engg. - Quaterly Results3 May 2022, 5:00PM Elecon Engg. - Quaterly Results3 May 2022, 5:00PM Elecon Engineering Company informs about board meeting intimation 25 Apr 2022, 1:44PM Elecon Engineering Company informs about loss of share certificate31 Mar 2022, 5:00PM Elecon Engineering Company informs about analsyt meet4 Mar 2022, 11:47AM Elecon Engineering Co informs about press release2 Feb 2022, 12:33PM Elecon Engg. - Quaterly Results1 Feb 2022, 1:59PM Elecon Engg. - Quaterly Results1 Feb 2022, 1:59PM Elecon Engg. - Quaterly Results1 Feb 2022, 1:59PM Elecon Engineering Company informs about issuance of duplicate share certificate13 Aug 2021, 3:56PM Elecon Engineering Company informs about unaudited financial results6 Aug 2021, 4:24PM Elecon Engineering Company informs about issuance of duplicate share certificate29 Jul 2021, 12:28PM Elecon Engineering Company informs about 61st AGM13 Jul 2021, 4:33PM Elecon Engineering Company informs about investor presentation 31 May 2021, 5:00PM Elecon Engineering Company informs about investors call28 May 2021, 10:52AM Elecon Engineering Company informs about newspaper advertisement24 May 2021, 4:43PM Elecon Engineering Company informs about updates17 Apr 2021, 3:37PM Elecon Engineering Company informs about disclosure4 Mar 2021, 3:40PM Elecon Engineering Company informs about disclosure25 Feb 2021, 10:21AM Elecon Engineering Company to resume, normalize business operations of MHE Division29 Jan 2021, 12:15PM Elecon Engineering Company informs about certificate11 Jan 2021, 10:36AM Elecon Engineering Company to hold board meeting21 Oct 2020, 1:03PM Elecon Engineering to temporary close down, shift operations of MHE Division to other plants in Gujarat 16 Oct 2020, 11:07AM Elecon Engineering Company informs about loss of share certificates16 Sep 2020, 3:55PM

Elecon Engg. Stock Price Analysis and Quick Research Report. Is Elecon Engg. an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a Low P/E are undervalued (it depends on other factors too). Elecon Engg. has a PE ratio of 31.6097354696236 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Elecon Engg. has ROA of 2.04986722035373 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Elecon Engg. has a Current ratio of 1.29287595925452 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Elecon Engg. has a ROE of 4.52851407698695 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Elecon Engg. has a D/E ratio of 0.275 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Elecon Engg. has an Inventory turnover ratio of 3.93786600854562 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Elecon Engg. has reported revenue growth of -4.71134381556332 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Elecon Engg. for the current financial year is 8.91199586319669 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Elecon Engg. is Rs 0.4 and the yield is 0.8932 %.

Brief about Elecon Engg.

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