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Eimco Elecon (India) Ltd.
(EIMCOELECO)
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Rating:72Outperform
Price Target:
₹2,434.00
▲(36.29% Upside)
Action:Reiterated
Date:08/18/26
The score is driven primarily by strong financial quality (notably very low leverage and solid profitability), partially offset by inconsistent cash generation and negative free cash flow in 2026. Technicals remain supportive due to a strong uptrend, but overextended momentum signals increase pullback risk. Valuation is the main downside factor given the high P/E and minimal dividend yield.
Positive Factors
Near-zero leverage and growing equity base
A nearly debt-free balance sheet limits interest and refinancing risk, preserving flexibility to fund manufacturing capacity, product development, and working capital through mining and industrial cycles.
Negative Factors
2026 revenue and earnings contraction
The reversal after strong 2025 performance suggests demand and execution can be uneven, creating uncertainty around near-term growth and making sustained earnings expansion harder to underwrite.
Read all positive and negative factors
Positive Factors
Negative Factors
Near-zero leverage and growing equity base
A nearly debt-free balance sheet limits interest and refinancing risk, preserving flexibility to fund manufacturing capacity, product development, and working capital through mining and industrial cycles.
Read all positive factors
Eimco Elecon (India) Ltd. (EIMCOELECO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.00B
Dividend Yield0.18%
Average Volume (3M)2.34K
Price to Earnings (P/E)32.8
Beta (1Y)1.20
Revenue Growth-1.48%
EPS Growth-18.51%
CountryIN
Employees138
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)67.12
Shares Outstanding5,768,385
10 Day Avg. Volume1,968
30 Day Avg. Volume2,344
Financial Highlights & Ratios
PEG Ratio-1.11
Price to Book (P/B)1.91
Price to Sales (P/S)3.87
P/FCF Ratio-23.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)95
Revenue Forecast (FY)₹2.80B
Eimco Elecon (India) Ltd. Business Overview & Revenue Model
Company Description
Eimco Elecon (India) Limited is an Indian company that specializes in the manufacturing and distribution of robust machinery for both the mining and construction sectors. Its extensive product portfolio features a diverse range of equipment, inclu...
How the Company Makes Money
Eimco Elecon (India) Ltd. makes money primarily by selling engineered equipment and solutions to customers in mining and industrial sectors. Its revenue model is largely project- and order-driven: customers place purchase orders or award contracts...
Eimco Elecon (India) Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
54
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.31B | 2.46B | 2.28B | 1.73B | 844.44M |
| Gross Profit | 1.24B | 1.33B | 1.00B | 743.49M | 181.87M |
| EBITDA | 599.76M | 744.84M | 583.57M | 332.02M | 182.34M |
| Net Income | 387.13M | 489.07M | 404.12M | 195.25M | 86.78M |
Balance Sheet | |||||
| Total Assets | 5.24B | 4.88B | 4.50B | 3.89B | 3.65B |
| Cash, Cash Equivalents and Short-Term Investments | 146.52M | 359.31M | 145.26M | 26.57M | 724.75M |
| Total Debt | 43.46M | 1.29M | 4.08M | 6.37M | 3.97M |
| Total Liabilities | 566.51M | 560.36M | 641.95M | 380.44M | 326.20M |
| Stockholders Equity | 4.68B | 4.32B | 3.86B | 3.51B | 3.33B |
Cash Flow | |||||
| Free Cash Flow | -384.40M | 271.69M | 68.93M | 38.26M | -126.94M |
| Operating Cash Flow | 221.09M | 332.78M | 115.92M | 66.64M | -110.14M |
| Investing Cash Flow | -217.86M | -358.06M | -22.66M | -46.58M | 79.69M |
| Financing Cash Flow | -12.84M | -37.33M | -40.99M | -24.26M | -33.13M |
Eimco Elecon (India) Ltd. Technical Analysis
Positive
1785.90
Price Trends
1949.40
Positive
1776.37
Positive
1687.30
Positive
Market Momentum
99.93
Positive
70.10
Negative
71.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EIMCOELECO, the sentiment is Positive. The current price of 1785.9 is below the 20-day moving average (MA) of 2143.26, below the 50-day MA of 1949.40, and above the 200-day MA of 1687.30, indicating a bullish trend. The MACD of 99.93 indicates Positive momentum. The RSI at 70.10 is Negative, neither overbought nor oversold. The STOCH value of 71.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:EIMCOELECO.
Eimco Elecon (India) Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹326.54B | 23.61 | ― | 1.72% | 17.98% | -41.45% | |
72 Outperform | ₹13.00B | 32.77 | ― | 0.18% | -1.48% | -18.51% | |
71 Outperform | ₹66.55B | 29.28 | ― | ― | ― | ― | |
61 Neutral | ₹7.18B | 30.38 | ― | 0.90% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹2.33B | 14.83 | ― | ― | 1.29% | 19.50% | |
49 Neutral | ₹23.35B | -57.95 | ― | 0.90% | 21.29% | -1171.67% |
* General Sector Average
IN:EIMCOELECO
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Eimco Elecon (India) Ltd. Corporate Events
Eimco Elecon Conducts 52nd AGM via Video Conferencing with E-Voting
Jun 25, 2026
Eimco Elecon (India) Ltd. held its 52nd Annual General Meeting on 25 June 2026 via video conferencing and other audio-visual means, in line with MCA and SEBI guidelines and the Companies Act. The meeting, chaired by Pradip Patel and attended by th...
Eimco Elecon chairman highlights resilient year amid mining and infrastructure tailwinds
Jun 25, 2026
Eimco Elecon’s chairman used the 52nd Annual General Meeting to underscore a year marked by resilience, transformation and disciplined execution amid global uncertainties and macroeconomic headwinds. Management highlighted that the company r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.