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Elecon Engineering Company share price & results

Elecon Engineering Company Limited· Capital Goods· Industrials

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Asia's largest industrial gear maker and India's leading bulk material-handling equipment manufacturer.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue535 ₹ crore+7.9% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin23.0 %0.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit75.0 ₹ crore−5.1% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity12.36 %−6.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin9.17 %−7.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)2.59 %−8.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

2 of 9 judged targets kept · 14 open · verdicts reflect calls analysed to Q2 FY27.

Elecon Engineering Company Limited management guidance track record on Inve: 23 targets tracked across analysed earnings calls (2 achieved, 7 missed, 14 open).

TargetOriginal wordingSaidLatest callVerdict
MHE Sustainable EBIT Margin20% to 22%
Call transcript, Q3 FY25 · 23 Jan 2025		Q3 FY25Q2 FY27:Q2 MHE EBIT margin was 20.2% (meeting the original 20-22% target) and H1 FY27 combined EBIT margin was 22.4%, with management reaffirming 22-24% full-year MHE EBIT margin.
Call transcript, Q2 FY27 · 15 Oct 2026		Achieved
FY26 Consolidated RevenueINR 2,650 crores
Call transcript, Q2 FY26 · 13 Oct 2025		Q2 FY26Q2 FY27:Promise concluded in FY26. The final verdict was a miss.
Call transcript, Q2 FY27 · 15 Oct 2026		Missed
3-Year Revenue CAGR (FY26-FY28)25% CAGR for the next 3 years
Call transcript, Q1 FY26 · 11 Jul 2025		Q1 FY26Q2 FY27:H1 FY27 adjusted consolidated revenue grew 11.1% YoY (Q2 up 10.5% YoY) and management guided for mid-double-digit (~15%) growth for the remainder of FY27. After 5.1% growth in FY26, this pace remains well below the 20-25% 3-year CAGR target.
Call transcript, Q2 FY27 · 15 Oct 2026		At Risk

Source: Inve Guidance Tracker for Elecon Engineering Company Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

7 of Elecon Engineering Company Limited's 23 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 20 more targets are in the full ledger.

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Price

₹428.35 +1.01% · +₹4.3

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −24.7% 1Y

₹350₹400₹450₹500₹550Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 9 Jan 2026Q4 FY26 — 16 Apr 2026Q1 FY27 — 13 Jul 2026Q2 FY27 — 15 Oct 2026

1Y: ₹569.1 on 24 Oct 2025 → ₹428.35. High ₹569.1 (24 Oct 2025), low ₹354.75 (30 Mar 2026).

Previous close
₹424.05
Market cap
₹9.6k Cr
52-week range
₹354.75 – ₹568.8
One year
−23.21%
Price to earnings (TTM to Sept 2026)
31.05×
Return on equity (TTM to Sept 2026)
12.36%

Overview

Symbol
NSE:ELECON
Industry
Industrials
Exchange
NSE
Currency
INR

What Elecon Engineering Company Limited does

Based on the company's own presentations, annual report and earnings calls.

Elecon Engineering designs and manufactures industrial power-transmission equipment (gearboxes, couplings, gear drives) through its Gear Division, and bulk material-handling systems (stacker reclaimers, wagon tipplers, ship loaders, conveyors) through its MHE Division. It earns through a mix of catalogue products and custom-engineered solutions sold to steel, cement, power, mining, sugar, ports, marine and defence customers, supplemented by an expanding aftermarket/spares business. Manufacturing is vertically integrated end-to-end (foundry, forging, machining, heat treatment, assembly and in-house testing) at its main Gujarat campus, supported by overseas assembly and repair centres, and products are sold globally under its own and acquired European brands.

Segments

  • Gear Division
  • Material Handling Equipment (MHE) Division
Main manufacturing campus size
~335,000 square metres (Vallabh Vidyanagar, Gujarat)
Manufacturing/assembly facilities worldwide
5 (1 in India plus 4 overseas — UK, Sweden, USA, Netherlands)
Countries served
95+
Sales offices worldwide
26 (13 domestic + 13 international)
Distributors and dealers worldwide
185+ (65+ domestic, 120+ international)
Customer representatives worldwide
90+ (55+ domestic, 35+ international)
Founded 1951Headquarters Anand-Sojitra Road, Vallabh Vidyanagar - 388120, Gujarat, India Company website

How the price took the results

close before → close after

Q2 FY27
+1.3%
15 Oct
Q1 FY27
−1.7%
13 Jul
Q4 FY26
−1.6%
16 Apr
Q3 FY26
−15.9%
9 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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