Eimco Elecon (India) share price & results
- Sept 2026
- Sept 2026
Gujarat-based manufacturer of underground mining equipment (LHDs, side dump loaders, continuous miner packages, battery-operated vehicles) and construction equipment (piling rigs, wheel loaders), incorporated 1974.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 56.8 | +70.9% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 18.9 | +3.2 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 7.8 | +46.4% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | +4.7 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | +0.8 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | −74.2 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance +16.5% 1Y
1Y: ₹1,848 on 24 Oct 2025 → ₹2,153.7. High ₹2,454.2 (14 Oct 2026), low ₹1,428.8 (30 Mar 2026).
- Previous close
- ₹2,086.2
- Market cap
- ₹1.2k Cr
- 52-week range
- ₹1,428.8 – ₹2,454.2
- One year
- +15.78%
Overview
- Symbol
- NSE:EIMCOELECO
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Eimco Elecon (India) Limited does
Based on the company's own presentations, annual report and earnings calls.
Eimco Elecon designs and manufactures underground mining equipment for both coal and metal mines, including load haul dumpers, side dump loaders, coal haulers, continuous miner packages (continuous miner, shuttle car, feeder breaker, roof bolter), chair lift man riding systems, and newly developed battery-operated multi-utility and passenger vehicles. It also makes construction equipment, focused on piling rigs and articulated wheel loaders for foundation and infrastructure projects. Manufacturing is carried out at a single facility in Vallabh Vidyanagar, Gujarat, supported by an in-house DSIR-approved R&D centre and a nationwide sales and service network.
Segments
- Underground Mining Equipment
- Construction Equipment
- Manufacturing facilities
- 1 (Vallabh Vidyanagar, Gujarat; ~56,000 sq. m.)
- Domestic sales/service network
- 10 offices across India (incl. Asansol, Chennai, Delhi, Dhanbad, Jamshedpur, Kolkata, Manendragarh, Mumbai, Nagpur, Ramagundam, Hyderabad)
- Permanent employees
- 138 (as of 31 Mar 2026)
- R&D engineering team
- 50+ engineers (DSIR-approved in-house R&D centre)
- Quality/safety certifications
- ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
- Installed renewable (wind) power capacity
- 0.6 MW
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2019 to Mar 2024).
Financials
What the filings say
Net profit, year on year: +46% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 46 | 64 | 68 | 33 | 63 | 67 | 78 | 57 |
| Expenses | 38 | 46 | 55 | 28 | 51 | 54 | 63 | 46 |
| Operating profit | 8 | 18 | 12 | 5 | 13 | 13 | 14 | 11 |
| Operating margin | 17.1% | 28.2% | 18.2% | 15.7% | 19.8% | 19.3% | 18.4% | 18.9% |
| Other income | 3 | 4 | 8 | 4 | 6 | -1 | 8 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 8 | 20 | 18 | 7 | 16 | 9 | 20 | 10 |
| Tax rate | 26.0% | 24.4% | 21.4% | 22.4% | 22.4% | 28.8% | 21.6% | 25.0% |
| Net profit | 6 | 15 | 14 | 5 | 13 | 6 | 15 | 8 |
| EPS (₹ per share) | 10.73 | 25.78 | 25.10 | 9.27 | 21.70 | 11.03 | 26.66 | 13.57 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 85 | 172 | 228 | 246 | 231 |
| Expenses | 75 | 149 | 187 | 190 | 188 |
| Operating profit | 10 | 24 | 39 | 56 | 43 |
| Other income | 10 | 9 | 18 | 18 | 17 |
| Interest | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 8 | 8 | 8 | 8 | 9 |
| Profit before tax | 11 | 26 | 50 | 66 | 50 |
| Net profit | 9 | 20 | 40 | 49 | 39 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 343 | 380 | 426 | 443 | 462 | 483 |
| Borrowings | 1 | 0 | 0 | 2 | 4 | 7 |
| Other liabilities | 37 | 64 | 56 | 49 | 52 | 65 |
| Total liabilities | 387 | 450 | 488 | 500 | 524 | 561 |
| Fixed assets | 76 | 73 | 70 | 71 | 75 | 121 |
| Capital work in progress | 1 | 0 | 1 | 3 | 2 | 0 |
| Investments | 165 | 180 | 226 | 236 | 205 | 213 |
| Other assets | 146 | 197 | 191 | 190 | 243 | 226 |
| Total assets | 387 | 450 | 488 | 500 | 524 | 561 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 3 | -10 | 7 | 12 | 33 | 22 |
| Cash from investing | 3 | 8 | -5 | -2 | -36 | -22 |
| Cash from financing | -3 | -5 | -2 | -4 | -4 | -1 |
| Net cash flow | 3 | -6 | 0 | 5 | -6 | -1 |
| Free cash flow | -3 | -12 | 4 | 7 | 27 | -37 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 178 | 169 | 112 | 150 | 101 | 115 |
| Inventory days | 204 | 705 | 320 | 270 | 387 | 400 |
| Days payable | 106 | 168 | 74 | 80 | 56 | 65 |
| Cash conversion cycle | 276 | 706 | 357 | 341 | 432 | 450 |
| Working capital days | 239 | 427 | 230 | 207 | 206 | 229 |
| Return on capital employed | 5.0% | 3.0% | 8.0% | 14.0% | 16.0% | 10.0% |
| Dividend payout | 26.0% | 17.0% | 14.0% | 7.0% | 6.0% | 6.0% |
What the price assumes
AttractiveTo justify its price of ₹2154, this stock must grow earnings at 24% every year for 7 years. Our analysis caps realistic growth at ~45%. At that growth it is worth ₹6003 — upside of 179%.
- Growth the price implies
- 23.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 44.0% a year
- net profit, FY22–FY26 · EPS 45.3%
- The gap
- -0.2 pp
- 179% downside if it only repeats history
Ownership
Who owns it
Promoters hold 48.96% as of Sept 2026; institutions cut 1.86 pts since Jun 2026.
- Promoters 48.96%
- Foreign institutions 1.30%
- Domestic institutions 1.07%
- Public 48.67%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.03% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Eimco Elecon (India) Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 24.91% | unchanged | |
| 16.62% | unchanged | |
| 6.74% | unchanged | |
| 1.45% | unchanged | |
| 1.03% | newly disclosed | |
| 1.02% | −0.30 pp | |
| 0.31% | unchanged | |
| 0.28% | unchanged | |
| 0.09% | unchanged | |
| 0.02% | unchanged | |
| FPI fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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