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Eimco Elecon (India) Ltd.
(EIMCOELECO)
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Rating:72Outperform
Price Target:
₹2,316.00
▲(29.68% Upside)
Action:Reiterated
Date:10/15/26
Overall score is driven primarily by strong financial quality (especially the low-leverage balance sheet and solid profitability), partially offset by weak and volatile cash flow (negative free cash flow in 2026). Technicals support the score via a sustained uptrend, while valuation remains a meaningful headwind due to a high P/E and minimal dividend yield.
Positive Factors
Very low financial leverage
Near-zero leverage materially reduces balance-sheet risk and interest burden, giving the company greater flexibility to fund operations and pursue growth. A growing equity base also provides resilience if mining demand weakens, while limiting dependence on refinancing or additional borrowing.
Negative Factors
Free cash flow turned sharply negative
A sharp move to negative free cash flow reduces near-term financial flexibility even though the company remains lightly leveraged. If sustained, higher investment spending or working-capital needs could limit internally funded growth and make reported earnings less useful as a measure of available cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low financial leverage
Near-zero leverage materially reduces balance-sheet risk and interest burden, giving the company greater flexibility to fund operations and pursue growth. A growing equity base also provides resilience if mining demand weakens, while limiting dependence on refinancing or additional borrowing.
Read all positive factors
Eimco Elecon (India) Ltd. (EIMCOELECO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.32B
Dividend Yield0.19%
Average Volume (3M)2.03K
Price to Earnings (P/E)29.2
Beta (1Y)1.33
Revenue Growth25.28%
EPS Growth2.92%
CountryIN
Employees138
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)67.12
Shares Outstanding5,768,385
10 Day Avg. Volume1,654
30 Day Avg. Volume2,032
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 | 333.61M | 184.03M |
| 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
Negative
1785.90
Price Trends
2245.20
Negative
2016.46
Positive
1807.24
Positive
Market Momentum
-24.29
Positive
43.63
Neutral
28.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EIMCOELECO, the sentiment is Negative. The current price of 1785.9 is below the 20-day moving average (MA) of 2242.86, below the 50-day MA of 2245.20, and below the 200-day MA of 1807.24, indicating a neutral trend. The MACD of -24.29 indicates Positive momentum. The RSI at 43.63 is Neutral, neither overbought nor oversold. The STOCH value of 28.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹283.48B | 20.50 | ― | 1.98% | 17.98% | -41.45% | |
72 Outperform | ₹12.32B | 29.25 | ― | 0.19% | 25.28% | 2.92% | |
72 Outperform | ₹61.26B | 26.90 | ― | ― | ― | ― | |
61 Neutral | ₹5.85B | 24.75 | ― | 1.10% | ― | ― | |
56 Neutral | ₹1.92B | 12.62 | ― | ― | 1.29% | 19.50% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | ₹18.85B | -45.90 | ― | 0.90% | 21.29% | -1171.67% |
* General Sector Average
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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.