Elecon Engineering Co.Ltd.

BSE: ELECON505700ISIN INE205B01031

Industrials
Heavy Electrical Equipment
BSE 500

Share price

₹438.55+10.30 (+2.41%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

19 Jul 2024 · Split 2:1 (₹2 → ₹1)

52W high: ₹579.25
52W low: ₹352.00
Off 52W high: -24.29%
1M return: -1.60%
3M return: +0.70%
6M return: -21.22%
1Y return: -22.35%
20D avg volume: 1,67,063
50 DMA: ₹435.06
200 DMA: ₹451.35

Key ratios Consolidated

Market cap: ₹9,841 Cr
Current price: ₹438.55
52W high / low: ₹579.25 / ₹352.00
Face value: ₹1.00
P/E: 40.22
P/B: 3.92
EPS (TTM): ₹10.90
Book value / share: ₹111.82
ROE: —
ROCE: 18.60%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-169.23 Cr
Interest cover: 19.22
Dividend yield: 0.46%
Dividend / share (TTM): ₹2.00
Payout: 18.35%
Cash conversion cycle: 113.1 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	638.94	520.56	745.61	551.74	578.13	490.57	797.57	528.89	508.14	392.36	564.62	473.56
	19.79	21.91	17.57	18.85	18.32	26.43	18.59	15.64	11.39	14.43	13.04	9.98
	658.73	542.47	763.18	570.59	596.45	517.00	816.16	544.53	519.53	406.79	577.66	483.54
	533.97	449.31	621.02	476.62	483.46	390.96	626.60	405.31	411.16	315.10	443.89	367.30
	283.39	272.78	401.38	285.85	280.52	206.02	346.01	257.61	243.78	168.47	229.62	211.47
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	65.65	61.76	65.63	58.67	57.70	59.30	67.32	47.86	46.34	47.04	55.47	43.41
	10.33	8.11	6.25	6.82	5.69	6.15	5.10	3.46	2.19	2.29	2.05	1.49
	32.60	29.76	27.18	27.24	25.28	24.54	19.26	15.54	13.13	12.83	12.58	12.64
	146.00	118.77	139.77	117.12	108.53	111.07	134.19	70.46	71.00	56.03	86.25	58.74
	124.76	93.16	142.16	93.97	112.99	126.04	189.56	139.22	108.37	91.69	133.77	116.24
	0.00	0.00	-101.77	0.00	0.00	80.47	0.00	0.00	0.00	0.00	0.00	0.00
	124.76	93.16	40.39	93.97	112.99	206.51	189.56	139.22	108.37	91.69	133.77	116.24
	28.41	22.81	34.39	21.98	25.27	31.68	45.56	32.70	22.82	20.79	32.59	27.09
	96.35	70.35	6.00	71.99	87.72	175.44	146.48	107.54	87.72	73.36	103.65	90.40
	4.29	3.14	0.27	3.21	3.91	7.82	6.53	4.79	3.91	6.54	9.24	8.06
Key metrics
	167.69	131.03	73.82	128.03	143.96	237.20	213.92	158.22	123.69	106.81	148.40	130.37
	26.20%	25.20%	9.90%	23.20%	24.90%	48.40%	26.80%	29.90%	24.30%	27.20%	26.30%	27.50%
	15.10%	13.50%	0.80%	13.00%	15.20%	35.80%	18.40%	20.30%	17.30%	18.70%	18.40%	19.10%
	4.70%	—	1.80%	—	4.70%	—	8.90%	—	—	—	—	—
	10.50%	6.10%	-6.50%	4.30%	13.80%	25.00%	41.30%	11.70%	—	—	—	—
	9.80%	-59.90%	-95.90%	-33.10%	0.00%	139.10%	41.30%	19.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,457	2,366	2,227	1,937	1,530	1,204
	78.12	81.17	60.05	44.06	20.06	8.56
	2,535	2,447	2,287	1,981	1,550	1,212
	2,081	1,972	1,758	1,523	1,253	1,043
	1,243	1,174	1,016	840.22	719.36	607.43
	0.00	0.00	0.00	—	—	—
	251.71	241.30	208.56	188.48	149.73	128.19
	31.51	24.91	13.04	8.64	13.31	37.34
	116.78	104.24	60.76	50.92	49.04	48.58
	521.66	476.49	447.09	256.20	205.35	176.06
	454.05	475.16	528.84	458.97	296.58	169.08
	-101.77	-21.30	0.00	0.00	0.00	0.00
	352.28	453.86	528.84	458.97	296.58	169.08
	107.59	113.32	121.87	109.80	62.33	30.03
	244.69	341.15	415.10	355.58	237.49	140.49
	10.91	15.20	18.50	31.69	21.17	12.52
Key metrics
	500.57	583.01	602.64	518.53	358.93	255.00
	20.37%	24.60%	27.10%	26.80%	23.50%	21.20%
	9.96%	14.40%	18.60%	18.40%	15.50%	11.70%
	—	18.60%	24.70%	—	—	—
	2.58%	6.20%	14.90%	26.70%	27.10%	—
	-52.69%	-17.80%	16.70%	49.70%	69.00%	—
	—	194.70	366.30	—	—	—
	—	0.92	1.04	—	—	—
	—	0.00	0.00	—	—	—
	—	-169.23	-155.54	—	—	—
	—	113.1	94.5	—	—	—
Balance sheet
	—	3,234	2,729	—	—	—
	—	1,955	1,696	—	—	—
	—	169.23	158.85	—	—	—
	—	720.51	613.87	—	—	—
	—	301.15	242.96	—	—	—
	—	79.67	0.00	—	—	—
	—	582.93	554.79	—	—	—
	—	288.37	280.14	—	—	—
	—	665.84	537.12	—	—	—
	—	0.00	3.31	—	—	—
	—	0.00	3.31	—	—	—
	—	0.00	0.00	—	—	—
	—	2,306	1,999	—	—	—
Cash flow
	—	314.22	432.30	—	—	—
	—	-219.58	-315.77	—	—	—
	—	-121.82	-67.37	—	—	—
	—	119.52	66.00	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	534.66	398.24	655.62	454.16	496.18	410.08	712.74	446.32	418.64	293.42	485.33	383.30
	17.02	19.60	15.04	17.37	18.31	24.88	16.15	13.11	10.51	13.10	9.96	12.58
	551.68	417.84	670.66	471.53	514.49	434.96	728.89	459.43	429.15	306.52	495.29	395.88
	452.40	339.15	540.94	389.09	410.74	315.06	559.98	335.58	339.84	232.65	378.83	293.57
	251.71	217.15	354.19	242.25	239.55	168.73	322.61	218.48	215.84	137.69	197.84	171.56
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	39.55	34.24	40.17	33.44	34.70	35.98	47.88	29.33	25.81	26.52	38.25	23.29
	9.94	7.80	5.90	6.48	5.35	5.62	4.30	2.82	1.37	1.44	0.99	1.46
	28.90	26.09	23.72	23.94	22.08	21.50	16.62	13.05	10.59	10.33	10.14	10.25
	130.22	103.32	124.71	103.22	96.73	100.27	119.49	56.95	55.01	39.14	73.78	47.83
	99.28	78.69	129.72	82.44	103.75	119.90	168.91	123.85	89.31	73.87	116.46	102.31
	0.00	0.00	0.00	0.00	0.00	149.42	0.00	—	—	—	—	—
	99.28	78.69	129.72	82.44	103.75	269.32	168.91	123.85	89.31	73.87	116.46	102.31
	24.53	20.12	32.71	20.55	24.86	30.40	43.43	31.87	22.21	18.77	29.51	26.00
	74.75	58.57	97.01	61.89	78.89	238.92	125.48	91.98	67.10	55.10	86.95	76.31
	3.33	2.61	4.32	2.76	3.52	10.65	5.59	4.10	2.99	4.91	7.75	6.80
Key metrics
	138.12	112.58	159.34	112.86	131.18	296.44	189.83	139.72	101.27	85.64	127.59	114.02
	25.80%	28.30%	24.30%	24.90%	26.40%	72.30%	26.60%	31.30%	24.20%	29.20%	26.30%	29.70%
	14.00%	14.70%	14.80%	13.60%	15.90%	58.30%	17.60%	20.60%	16.00%	18.80%	17.90%	19.90%
	4.30%	—	5.90%	—	5.00%	—	9.50%	—	—	—	—	—
	7.80%	-2.90%	-8.00%	1.80%	18.50%	39.80%	46.90%	16.40%	—	—	—	—
	-5.20%	-75.50%	-22.70%	-32.70%	17.60%	333.60%	44.30%	20.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,043	2,016	1,871	1,600	1,197	884.42
	69.03	75.60	52.87	39.71	16.35	9.56
	2,112	2,092	1,924	1,639	1,213	893.98
	1,722	1,656	1,468	1,233	966.88	770.37
	1,065	1,005	894.62	703.36	540.71	448.92
	0.00	0.00	0.00	—	—	—
	147.40	144.29	129.54	110.52	83.45	58.50
	30.12	23.35	9.93	5.94	11.30	31.92
	102.65	91.24	50.58	41.25	39.28	38.25
	461.47	424.94	383.12	213.44	166.81	143.12
	390.13	435.80	455.95	406.13	246.46	123.61
	0.00	149.42	0.00	—	—	—
	390.13	585.22	455.95	406.13	246.46	123.61
	97.91	108.52	115.92	102.97	58.31	28.09
	292.22	476.70	340.03	303.16	188.15	95.52
	13.02	21.24	15.15	27.02	16.77	8.51
Key metrics
	522.90	699.81	516.46	453.32	297.04	193.78
	25.60%	34.70%	27.60%	28.30%	24.80%	21.90%
	14.31%	23.60%	18.20%	19.00%	15.70%	10.80%
	—	26.50%	25.50%	—	—	—
	-1.10%	7.70%	17.00%	33.60%	35.30%	—
	-45.41%	40.20%	12.20%	61.10%	97.00%	—
	—	164.99	214.12	—	—	—
	—	0.59	0.82	—	—	—
	—	0.00	0.00	—	—	—
	—	-89.95	-89.81	—	—	—
	—	114.5	99.4	—	—	—
Balance sheet
	—	2,861	2,297	—	—	—
	—	1,655	1,368	—	—	—
	—	89.95	93.12	—	—	—
	—	665.38	575.08	—	—	—
	—	201.38	165.57	—	—	—
	—	59.25	34.69	—	—	—
	—	579.60	553.52	—	—	—
	—	234.91	231.09	—	—	—
	—	569.32	472.14	—	—	—
	—	0.00	3.31	—	—	—
	—	0.00	3.31	—	—	—
	—	0.00	0.00	—	—	—
	—	2,049	1,653	—	—	—
Cash flow
	—	281.02	279.15	—	—	—
	—	-173.47	-158.92	—	—	—
	—	-110.72	-54.80	—	—	—
	—	116.03	65.03	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +18.98%
Sales CAGR 5Y: —
Profit CAGR 3Y: +36.33%
Profit CAGR 5Y: —
Sales YoY (TTM): -1.10%
Profit YoY (TTM): -45.41%

Consolidated

Sales CAGR 3Y: +15.65%
Sales CAGR 5Y: —
Profit CAGR 3Y: +12.83%
Profit CAGR 5Y: —
Sales YoY (TTM): +2.58%
Profit YoY (TTM): -52.69%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 59.28%

Holder	Type	Holding	Previous	Change
Aakaaish Investments Private Limited	Promoter Group	46.62%	—	—
K B Investments Private Limited	Promoter Group	8.67%	—	—
Sundaram Mutual Fund A/C Sundaram Small Cap Fund	Public	1.92%	—	—
Ajay Upadhyaya	Public	1.76%	—	—
Prayasvin Bhanubhai Patel	Promoter	1.75%	—	—
Franklin India Small Cap Fund	Public	1.65%	—	—
Trupti Pradip Patel	Promoter	1.28%	—	—
Long Term India Fund	Public	1.11%	—	—
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs	Public	1.09%	—	—
Vijay Kishanlal Kedia	Public	1.00%	—	—
Akanksha Patel	Promoter	0.55%	—	—
Taruna Patel	Promoter	0.20%	—	—
B I Patel-HUF (Bhanubhai Patel-Karta)	Promoter	0.20%	—	—
Power Build Private Limited	Promoter Group	0.01%	—	—
Aishwarya Prayasvin Patel	Promoter	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bharat Heavy Electricals Ltd.	1,47,639	424.00	51.29	6.50%	+29.08% TTM	+415.37% TTM	+58.68%
ABB India Limited S	1,43,123	6,754.00	46.67	—	+7.92% TTM	+66.43% TTM	+28.89%
CG Power and Industrial Solutions Limited	1,32,631	841.85	97.18	19.30%	+23.76% TTM	+28.33% TTM	+12.62%
HITACHI ENERGY INDIA LIMITED S	1,29,262	29,000.40	112.37	24.90%	+40.17% TTM	+127.73% TTM	+41.26%
Siemens Ltd.	1,25,176	3,515.00	42.11	20.80%	—	—	+12.74%
GE Vernova T&D India Limited S	1,09,206	4,265.10	76.00	58.50%	+41.34% TTM	+56.22% TTM	+35.57%
Siemens Energy India Limited S	1,05,412	2,960.00	70.85	26.10%	—	—	-8.69%
SUZLON ENERGY LTD.	51,481	37.45	22.79	27.00%	+33.90% TTM	-28.79% TTM	-37.58%
Thermax Ltd.	39,095	3,280.95	66.19	15.40%	+4.68% TTM	-11.68% TTM	+0.66%
SCHNEIDER ELECTRIC INFRASTRUCTURE LIMITED S	27,448	1,147.95	149.28	24.90%	+9.56% TTM	-29.50% TTM	+28.95%
TD Power Systems Ltd	23,403	728.05	85.10	30.30%	+54.29% TTM	+45.27% TTM	+77.57%
Azad Engineering Limited	16,664	2,580.35	119.64	11.50%	+28.72% TTM	+40.92% TTM	+55.76%
Triveni Turbine Limited	15,868	499.15	47.21	32.00%	+17.70% TTM	-1.90% TTM	-6.73%
KARAMTARA ENGINEERING LIMITED	12,315	382.65	—	—	+36.52% FY26	+64.18% FY26	—
Atlanta Electricals Limited	11,643	1,514.10	51.86	34.60%	—	—	+50.82%
QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED	11,249	1,452.55	50.36	27.30%	+89.92% TTM	+82.64% TTM	+50.72%
Inox Wind Limited	10,986	63.57	26.34	10.40%	+17.10% TTM	-14.81% TTM	-58.92%
VOLTAMP TRANSFORMERS LIMITED S	10,133	10,015.35	31.34	22.30%	+22.89% TTM	-1.63% TTM	+35.97%
Elecon Engineering Co.Ltd.	9,841	438.55	40.22	18.60%	+2.58% TTM	-52.69% TTM	-22.35%
Transformers and Rectifiers (India) Limited	9,527	317.40	30.44	25.40%	+27.23% TTM	+23.01% TTM	-24.26%
Kanohar Electricals Limited S	8,509	941.15	—	—	—	—	—
Skipper Limited	6,581	538.95	26.79	22.20%	+16.04% TTM	+47.75% TTM	+4.65%
Powerica Ltd.	6,316	499.05	—	11.20%	—	—	—
Transrail Lighting Limited	6,115	454.60	14.60	31.90%	+14.51% TTM	+0.35% TTM	-35.99%
GE Power India Limited	4,196	624.10	15.45	47.60%	+18.73% TTM	+9.86% TTM	+106.66%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Intimation of Investor/analyst meet as per attached details.26 Oct 2026 · Company Update / Analyst / Investor Meet
Transcript of the earnings conference call held on 15th October, 2026.22 Oct 2026 · Company Update / Earnings Call Transcript
Intimation of Analyst/ investor meet as per attached details.15 Oct 2026 · Company Update / Analyst / Investor Meet
Link of audio recording earnings conference call is attached15 Oct 2026 · Company Update / Analyst / Investor Meet
Details as per attached letter.15 Oct 2026 · Company Update / General
Newspaper Advertisement of financial results attached.15 Oct 2026 · Company Update / Newspaper Publication
Investor presentation of earnings conference call to be held on 15th October, 2026 is attached.14 Oct 2026 · Company Update / Investor Presentation
Press release of board meeting held on 14th October, 2026 is attached.14 Oct 2026 · Company Update / Press Release / Media Release
Record date approved by board for purpose of interim dividend.14 Oct 2026 · Corp. Action / Record Date
Declaration of interim dividend for FY 2026-27 as per details attached.14 Oct 2026 · Corp. Action / Dividend
Unaudited financial results for quarter and half year ended 30.09.202614 Oct 2026 · Result / Financial Results
Outcome of the board meeting is attached.14 Oct 2026 · Board Meeting / Outcome of Board Meeting
The details of Earnings conference call for Q2 FY27 is attached.9 Oct 2026 · Company Update / Analyst / Investor Meet
Compliance Certificate is attached.9 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper publication pertaining to special window for Re- lodgement of transfer of physical shares as attached.3 Oct 2026 · Company Update / Newspaper Publication
Elecon Engineering Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/10/2026 ,inter alia, to consider and approve Unaudited results ....30 Sep 2026 · Board Meeting / Board Meeting
Intimation of Closure of Trading Window is attached.30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of schedule of Investors meet is attached.25 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication relating to Special Window for re-lodgement of transfer request for physical securities5 Aug 2026 · Company Update / Newspaper Publication
The intimation for Schedule of Investors Meet to be convened on 5th August, 2026 is attached.3 Aug 2026 · Company Update / Analyst / Investor Meet
The Scrutinizer''s Report and voting results of Postal Ballot are attached.1 Aug 2026 · AGM/EGM / Postal Ballot
The Outcome of the Postal Ballot is attached.1 Aug 2026 · AGM/EGM / Postal Ballot
Earnings Call Transcript is attached.18 Jul 2026 · Company Update / Earnings Call Transcript
The letter for updating on credit rating of the Company is attached.16 Jul 2026 · Company Update / Credit Rating
Link of Audio Recording of the Earnings Conference Call is attached.13 Jul 2026 · Company Update / Analyst / Investor Meet
Copy of Newspaper advertisement is attached.11 Jul 2026 · Company Update / Newspaper Publication
Investor Presentation of the Earnings Conference Call to be held on 13th July, 2026 is attached.10 Jul 2026 · Company Update / Investor Presentation
Press Release of Board Meeting held on Friday, 10th July, 2026 is attached.10 Jul 2026 · Company Update / Press Release / Media Release
Financial Results for the quarter ended on 30th June, 2026 is attached.10 Jul 2026 · Result / Financial Results
Outcome of Board meeting held on 10th July, 2026 is attached.10 Jul 2026 · Board Meeting / Outcome of Board Meeting
The details of earnings conference call for Q1 FY 27 is attached.7 Jul 2026 · Company Update / Analyst / Investor Meet
Compliance Certificate is attached.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper advertisement regarding postal ballot notice is attached.1 Jul 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot and e-voting schedule is attached.30 Jun 2026 · AGM/EGM / Postal Ballot
Elecon Engineering Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/07/2026 ,inter alia, to consider and approve Unaudited Financial ....30 Jun 2026 · Board Meeting / Board Meeting
Intimation of Closure of Trading Window for the quarter ended on 30th June, 2026 is attached30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
AMG Voting Results and Scrutinizers Report is attached.26 Jun 2026 · AGM/EGM / AGM
Proceeding of 66th Annual General Meeting of the Company is attached.25 Jun 2026 · AGM/EGM / AGM
Intimation pertaining to the Change in Director is attached.22 Jun 2026 · Company Update / Change in Management
Outcome of Board Meeting held on 22nd June, 2026 is attached.22 Jun 2026 · Others / Outcome without intimation

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 0.5000	21 Oct 2026	21 Oct 2026	—
Final Dividend - Rs. - 1.5000	12 Jun 2026	12 Jun 2026	—
Interim Dividend - Rs. - 0.5000	16 Oct 2025	16 Oct 2025	—
Final Dividend - Rs. - 1.5000	13 Jun 2025	13 Jun 2025	—
Interim Dividend - Rs. - 0.5000	28 Oct 2024	28 Oct 2024	—
Stock Split From Rs.2/- to Rs.1/-	19 Jul 2024	19 Jul 2024	—

Board meetings

14 Oct 2026 Board Meeting - Financial Results