Elecon Engineering Company Ltd.

NSE: ELECON BSE: 505700 SECTOR: Engineering - Industrial Equipments  12k   67   5

206.95
-5.05 (-2.38%)
NSE: 26 Nov 03:56 PM

Price Summary

Today's High

₹ 219

Today's Low

₹ 201.6

52 Week High

₹ 214.8

52 Week Low

₹ 30.05

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

2321.98 Cr.

Enterprise Value

2496.66 Cr.

No. of Shares

11.22 Cr.

P/E

28.64

P/B

2.7

Face Value

₹ 2

Div. Yield

0.19 %

Book Value (TTM)

₹  76.75

CASH

50.61 Cr.

DEBT

225.29 Cr.

Promoter Holding

59.21 %

EPS (TTM)

₹  7.23

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 Year-4.71%
3 Year-4.39%
5 Year-4.06%

Profit Growth

1 Year-49.92%
3 Year64.93%
5 Year-0.14%

ROE%

1 Year4.53%
3 Year5.23%
5 Year3.94%

ROCE %

1 Year10.37%
3 Year8.02%
5 Year8.04%

Debt/Equity

0.275

Price to Cash Flow

10.58

Interest Cover Ratio

2.06363160209581

CFO/PAT (5 Yr. Avg.)

5.09265016083777

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2021 59.21 11.29
Jun 2021 59.2 11.29
Mar 2021 59.2 23.49
Dec 2020 59.2 32.9
Sep 2020 59.2 32.9
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 84.4298060697077 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 a poor ROE of 5.22827322748357% over 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 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
Net Sales 205.04 228.04 273.47 219.29 235.17
Total Expenditure 151.78 190.47 215.69 169.25 184.23
Operating Profit 53.26 37.57 57.78 50.04 50.94
Other Income 2.35 4.96 2.4 2.46 1.47
Interest 14.13 13.01 12.57 11.9 10.54
Depreciation 10.72 10.65 10.42 9.68 9.83
Exceptional Items 0 0 0 0 0
Profit Before Tax 30.76 18.87 37.18 30.92 32.03
Tax 10.61 6.44 14.75 7.79 8.93
Profit After Tax 20.15 12.42 22.43 23.13 23.11
Adjusted EPS (Rs) 1.8 1.11 2 2.06 2.06

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

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 923.36 911.27 955.46 835.74 796.36
Total Expenditure 757.33 800.99 874.26 758.44 725.39
Operating Profit 166.02 110.28 81.2 77.3 70.97
Other Income 7.85 10.56 55.09 37.92 84.42
Interest 73.27 67.68 64.86 70.25 54.8
Depreciation 48.14 48.07 43.58 43.69 42.31
Exceptional Items 0 0 0 0 0
Profit Before Tax 52.47 5.09 27.86 1.28 58.28
Tax 31.4 -3 15.78 -71.14 22.02
Net Profit 21.06 8.08 12.07 72.42 36.26
Adjusted EPS (Rs.) 1.88 0.72 1.08 6.45 3.23

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 22.44 22.44 22.44 22.44 22.44
Total Reserves 706.85 708.3 717.57 759.82 796.93
Borrowings 90.6 144.58 216.94 131.31 116.15
Other N/C liabilities 76.77 72.08 84.62 36.87 49.76
Current liabilities 962.06 1007.34 905.54 885.93 716.62
Total Liabilities 1858.72 1954.74 1947.11 1836.36 1701.91
Assets
Net Block 755.88 713.29 677.49 628.11 588.47
Capital WIP 0.99 1.08 4.61 0.18 0.31
Intangible WIP 0.65 0.25 0.25 0 0
Investments 130.78 163.27 162.96 144.75 144.12
Loans & Advances 25.23 20.32 23.76 25.85 22.69
Other N/C Assets 26.41 22.21 20.68 15.84 19.81
Current Assets 918.78 1034.32 1057.37 1021.63 926.51
Total Assets 1858.72 1954.74 1947.11 1836.36 1701.91
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 52.47 5.09 27.86 1.28 58.28
Adjustment 95.08 111.96 101.69 122.55 133.33
Changes in Assets & Liabilities 53.25 -11.77 -56.09 49.59 27.3
Tax Paid -4.44 0.77 -2.44 -2.93 0.58
Operating Cash Flow 196.36 106.04 71.02 170.49 219.5
Investing Cash Flow -25.74 -64.87 13.61 -12.96 -15.67
Financing Cash Flow -185.16 -37.56 -89.41 -155.84 -193.1
Net Cash Flow -14.54 3.61 -4.79 1.69 10.72

Corporate Actions

Investors Details

PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Promoters 59.20 59.20 59.20 59.20 59.21
emtici engineering... 23.47 23.47 23.47 23.47 23.47
prayas engineering... 10.02 10.90 10.90 10.90 10.90
k b investments pr... 10.02 8.66 8.66 8.66 8.66
bipra investments ... 6.49 6.49 6.49 6.49 6.49
elecon information... 2.08 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 1.66
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 0.55 0.55 -
akanksha p. patel - - - - 0.55
b i patel-huf (bha... 0.20 0.20 0.20 0.20 0.20
taruna patel 0.18 0.18 0.18 0.18 0.20
bhanubhai patel-k... - - - - -
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 Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Investors 40.80 40.80 40.80 40.80 40.79
vijaya s 2.66 2.66 2.42 1.46 -
hdfc trustee compa... - - 2.09 2.09 2.05
hdfc trustee compa... 2.09 2.09 - - -
hdfc trustee compa... - - - - -
ajay upadhyaya 1.43 1.43 1.43 1.43 1.72
vijay kishanlal ke... - - - 1.19 1.16
iepf 0.73 0.79 0.79 0.79 0.79
llp - - - 0.10 0.37

Annual Reports

Ratings & Research Reports

Company Presentations

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 28.6368605310861 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 0.1934 %.

Brief about Elecon Engg.

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