Stock ELECON ELECON ENGINEERING COMPANY LIMITED
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Company Elecon Engineering Company Limited

Equities

ELECON

INE205B01023

Industrial Machinery & Equipment

Market Closed - Bombay S.E.
Other stock markets
 11:00:49 03/05/2024 BST 		5-day change 1st Jan Change
1,102 INR -3.20% Intraday chart for Elecon Engineering Company Limited -3.52% +18.85%
04-19 Elecon Engineering Gets Board Nod for Stock Split; Shares Surge 10% MT
04-19 Elecon Engineering Company Limited Reports Earnings Results for the Full Year Ended March 31, 2024 CI

Business Summary

Elecon Engineering Company Limited is an India-based company that is engaged in the designing and manufacturing of material handling equipment and industrial gear and is also involved in providing erection and commissioning solutions for its products. The Company operates through two segments: Transmission Equipment and Material Handling Equipment. The Transmission Equipment segment is engaged in the manufacturing of transmission equipment like gearboxes, couplings, and elevator traction machines. The Material Handling Equipment segment is engaged in manufacturing of material handling equipment like raw material handling systems, stackers, reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers, feeders, and port equipment. It is also engaged in executing projects on material handling equipment and systems. The Company has manufacturing units at Vallabh Vidyanagar, Gujarat. Its products are sold in both the national and international markets.

Number of employees: 652

Sales per Business

INR in Million2022Weight2023Weight Delta
Transmission Equipment
85.9 %
10,682 88.8 % 13,134 85.9 % +22.96%
Material Handling Equipment
14.1 %
1,354 11.2 % 2,162 14.1 % +59.73%

Sales per region

INR in Million2022Weight2023Weight Delta
India
71.1 %
7,880 65.5 % 10,881 71.1 % +38.08%
International
28.9 %
4,155 34.5 % 4,416 28.9 % +6.26%

Managers

Managers TitleAgeSince
Prayasvin Bhanubhai Patel CEO
 Chief Executive Officer 66 30/06/83
Narasimhan Raghunathan DFI
 Director of Finance/CFO - 07/03/20
Bharti Isarani CMP
 Compliance Officer - 10/07/18
Muthusamy Venkatesan PRN
 Corporate Officer/Principal 56 04/02/88
M. M. Nanda PRN
 Corporate Officer/Principal - 25/07/16

Members of the board

Members of the board TitleAgeSince
Prayasvin Bhanubhai Patel CEO
 Chief Executive Officer 66 30/06/83
Prashant Chandrakant Amin BRD
 Director/Board Member 67 28/07/08
Pradip Manubhai Patel BRD
 Director/Board Member 76 13/11/77
Pranav Chirayu Amin BRD
 Director/Board Member 48 26/05/21
Sonal Vimal Ambani BRD
 Director/Board Member 65 02/02/15
Ashutosh Arvind Pednekar BRD
 Director/Board Member 58 -
Aayush Alkesh Shah BRD
 Director/Board Member - 24/04/23

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 112,199,965 40,445,865 ( 36.05 %) 0 36.05 %

Shareholders

NameEquities%Valuation
Aakaaish Investments Pvt Ltd.
46.62 %
52,302,237 46.62 % 596 M ₹
K.B. Investments Pvt Ltd.
8.666 %
9,723,774 8.666 % 111 M ₹
HDFC Asset Management Co. Ltd. (Invt Mgmt)
4.115 %
4,616,484 4.115 % 53 M ₹
Vijay Kishanlal Kedia
1.783 %
2,000,000 1.783 % 23 M ₹
Ajay Upadhyaya
1.783 %
2,000,000 1.783 % 23 M ₹
Prayasvin Bhanubhai Patel
1.749 %
1,962,932 1.749 % 22 M ₹
UTI Asset Management Co. Ltd. (Investment Management)
1.469 %
1,648,552 1.469 % 19 M ₹
Trupti Patel
1.275 %
1,431,058 1.275 % 16 M ₹
Government of India
0.9776 %
1,096,921 0.9776 % 12 M ₹
Franklin Templeton Asset Management (India) Pvt Ltd.
0.6129 %
687,690 0.6129 % 8 M ₹

Holdings

NameEquities%Valuation
EIMCO ELECON (INDIA) LIMITED
16.62%
 958,426 16.62% 17,491,322 $
ELECON ENGINEERING COMPANY LIMITED
0.01%
 15,960 0.01% 181,764 $

Company contact information

Elecon Engineering Co. Ltd.

Anand Sojitra Road

388120, Vallabh Vidyanagar

+91 26 9223 6469

http://www.elecon.com
address Elecon Engineering Company Limited(ELECON)

Group companies

NameCategory and Sector
Radicon Transmission UK Ltd.
Logo Radicon Transmission UK Ltd.

Radicon Transmission UK Ltd.

Industrial MachineryProducer Manufacturing

Radicon Transmission UK Ltd. is a company that manufactures, trades, and repairs engineered gear systems, units, pumps, screw jacks, and couplings. The company is based in Elland, UK. Radicon Transmission was founded in 2010. Additionally, on November 08, 2022, Radicon Transmission was acquired by Meridian Growth Capital LLP from Elecon Engineering Co. Ltd.

Industrial Machinery

Sector

Industrials
Industrial Goods
Machinery, Equipment & Components
Industrial Machinery & Equipment
Other Industrial Machinery & Equipment

Sales per Business

Sales per region

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1,102
Average target price
-
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Industrial Machinery & Equipment

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