As of 6 Nov 2026, Eimco Elecon (India) trades at 33.3× trailing earnings, above the industry P/E of 20.4×. Sales and net profit grew 10% and 26% a year over 3 years; its ROCE of 11% is the lowest among the 7 largest Farm & Heavy Construction Machinery peers. It carries very little debt, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹1,402 Cr, ranked 11th of 24 Farm & Heavy Construction Machinery companies by market cap; the shares rose 44% over the past year.
- ₹2,510.30
- ₹2,516.90
- ₹2,402.20
- ₹2,517.10
- 22.8K
Health check
- ReturnsAhead
+44.2% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 33.3 vs industry 20.4.
- GrowthSlow
Sales +10.2%, profit +25.6% a year over 3 years.
- ProfitabilityWeak
ROCE 10.6% vs peer median 19.4%.
- Balance sheetStretched
Practically debt-free, Piotroski 3 of 9.
- Red flags1 to check
P/E of 33.3 against an industry P/E of 20.4.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,402 Cr
- Small cap
- P/E
- 33.3
- Industry 20.4
- Price to book
- 2.87
- Peers 6.87
- Dividend yield
- 0.16%
- ROE
- 9.0%
- Peers 17.7%
- ROCE
- 10.6%
- Peers 19.4%
- Debt to equity
- 0.01
- Debt ₹7.15 Cr
- EPS (TTM)
- ₹72.97
- Face value ₹10
- OPM (TTM)
- 19.1%
- Net margin 15.8%
- Sales growth
- +70.9%
- Latest quarter vs a year ago
- Profit growth
- +46.3%
- Latest quarter vs a year ago
- Price to sales
- 5.26
- EV/EBITDA 27.0
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 46.3% on a year ago.
- Quarterly sales up 70.9% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 33.3 against an industry P/E of 20.4.
About Eimco Elecon (India)
Eimco Elecon (India) Limited engages in the manufacture and sale of equipment for the mining and construction sectors in India. Its products include air motors, chair lift man-riding, coal haulers, drill machines, load haul dumpers, dump trucks, piling rigs, rocker shovel loaders, side dump loaders, and wheel loaders, as well as continuous miner package. The company was incorporated in 1974 and is headquartered in Vallabh Vidya Nagar, India.
- Headquarters
- Vallabh Vidya Nagar
- Employees
- 138
- Sector
- Industrials
- ISIN
- INE158B01016
- Website
- eimcoelecon.in
Price range
- Avg volume (3M)
- 46.4K
- 1-year return
- plus 44.2%
- From 52-week high
- minus 4.5%
Peers · Farm & Heavy Construction Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASHOKLEYAshok Leyland | 172.09 | plus 1.10% | 1,01,083 | 29.1 | 12.2 | 14.5% | 21.5% | 3.45 | 10.6% | plus 21.2% |
| ESCORTSEscorts Kubota | 2,443.40 | minus 0.67% | 26,888 | 20.4 | 13.5 | 14.4% | 11.5% | 0.01 | 11.3% | minus 35.6% |
| ACEAction Construction Equipment | 1,167.70 | plus 3.55% | 13,900 | 31.8 | 25.5 | 28.5% | 15.6% | 0.00 | 15.0% | plus 2.8% |
| OLECTRAOlectra Greentech | 1,026.35 | minus 2.21% | 8,424 | 47.5 | 26.6 | 19.4% | 13.8% | 0.31 | 28.4% | minus 30.9% |
| AJAXENGGAjax Engineering | 556.65 | minus 1.24% | 6,369 | 28.1 | 20.0 | 21.4% | 12.5% | 0.00 | 22.2% | minus 5.8% |
| SWARAJENGSwaraj Engines | 3,495.30 | minus 1.97% | 4,247 | 20.0 | 15.2 | 52.8% | 12.6% | 0.01 | 12.2% | minus 9.6% |
| VSTTILLERSV.S.T Tillers Tractors | 3,941.70 | minus 2.48% | 3,411 | 31.4 | 16.5 | 12.4% | 13.3% | 0.00 | 7.2% | minus 33.8% |
| EIMCOELECOEimco Elecon (India) | 2,431.10 | minus 3.42% | 1,402 | 33.3 | 32.7 | 10.6% | 19.1% | 0.01 | 10.2% | plus 44.2% |
| Median of 7 peers | – | −1.24% | 8,424 | 29.1 | 16.5 | 19.4% | 13.3% | 0.01 | 12.2% | −9.6% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 67.6 | 63.1 | 66.9 | 77.5 | 56.8 | |
| 55.3 | 50.6 | 53.9 | 63.3 | 46.1 | |
| 12.3 | 12.5 | 12.9 | 14.2 | 10.7 | |
| 18.2% | 19.8% | 19.3% | 18.4% | 18.9% | |
| 8.1 | 6 | −1.3 | 7.8 | 1.9 | |
| 0.1 | 0.3 | 0.2 | 0.3 | 0.1 | |
| 1.9 | 2 | 2.5 | 2.1 | 2.1 | |
| 18.4 | 16.1 | 8.9 | 19.6 | 10.4 | |
| 21.3% | 22.3% | 28.8% | 21.6% | 25.0% | |
| 14.5 | 12.5 | 6.4 | 15.4 | 7.8 | |
| 25.11 | 21.70 | 11.03 | 26.66 | 13.58 |
Profit & loss
- Sales CAGR 3Y
- +10.2%
- Profit CAGR 3Y
- +25.6%
- EPS CAGR 3Y
- +25.6%
- ROE
- 9.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 171 | 225 | 245 | 229 | |
| – | +31.7% | +8.8% | minus 6.5% | |
| 146 | 185 | 189 | 186 | |
| 24.7 | 40.2 | 56.2 | 42.6 | |
| 14.4% | 17.9% | 22.9% | 18.6% | |
| 3.7 | 3.3 | 4.5 | 5.1 | |
| 0.2 | 0.1 | 0 | 0.2 | |
| 7.8 | 7.5 | 7.8 | 8.3 | |
| 4.7 | 13.9 | 12.8 | 11.1 | |
| 25.1 | 49.9 | 65.6 | 50.4 | |
| 22.3% | 19.1% | 25.4% | 23.1% | |
| 19.5 | 40.4 | 48.9 | 38.7 | |
| – | +107.0% | +21.0% | minus 20.8% | |
| 33.85 | 70.06 | 84.78 | 67.11 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.8 | 5.8 | 5.8 | 5.8 | |
| 345 | 380 | 426 | 462 | |
| 0.6 | 0.4 | 0.1 | 4.3 | |
| 37.4 | 63.8 | 55.9 | 52.3 | |
| 389 | 450 | 488 | 524 | |
| 62.2 | 58.7 | 58.3 | 114 | |
| 0.5 | 0.3 | 1.3 | 49.8 | |
| 164 | 173 | 192 | 191 | |
| 2.7 | 14.5 | 35.9 | 14.5 | |
| 159 | 204 | 201 | 155 | |
| 389 | 450 | 488 | 524 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.7 | 11.6 | 33.3 | 22.1 | |
| −4.7 | −2.3 | −35.8 | −21.8 | |
| −2.4 | −4.1 | −3.7 | −1.3 | |
| −0.4 | 5.2 | −6.3 | −1 | |
| −2.8 | −4.5 | −6.1 | −60.5 | |
| 3.8 | 7.1 | 27.2 | −38.4 | |
| −1.5 | −2.9 | −2.9 | −2.9 |
Shareholding pattern
- Promoters48.96%
- Public51.04%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 48.96% | 51.04% | 0.00 | |
| 30 Jun 2026 | 48.96% | 51.04% | 0.00 | |
| 31 Mar 2026 | 48.96% | 51.04% | 0.00 | |
| 31 Dec 2025 | 48.96% | 51.04% | 0.00 | |
| 30 Sep 2025 | 48.96% | 51.04% | – |
Major shareholders
Filings & events
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