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Eimco Elecon (India) Ltd.
(EIMCOELECO)
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Rating:72Outperform
Price Target:
₹1,974.00
▲(21.28% Upside)
Action:Reiterated
Date:06/23/26
The score is driven primarily by strong financial quality (notably very low leverage and improved profitability), tempered by cash flow volatility and negative free cash flow in the latest year. Technicals are supportive with the stock above major moving averages, while valuation is a modest headwind given the higher P/E and low dividend yield.
Positive Factors
Conservative balance sheet
Extremely low leverage and a growing equity base materially reduce financial risk and preserve flexibility. This allows the company to endure mining-cycle volatility, fund capex or aftermarket investments internally, and pursue opportunistic spend without pressing refinancing needs.
Negative Factors
Sharp negative free cash flow in 2026
A sharp swing to negative free cash flow in 2026 reduces near-term financial flexibility and may reflect elevated capex or working-capital stress. If sustained, negative FCF could force external financing, delay strategic investments, or constrain aftermarket service spending.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage and a growing equity base materially reduce financial risk and preserve flexibility. This allows the company to endure mining-cycle volatility, fund capex or aftermarket investments internally, and pursue opportunistic spend without pressing refinancing needs.
Read all positive factors
Eimco Elecon (India) Ltd. (EIMCOELECO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.73B
Dividend Yield0.33%
Average Volume (3M)17.09K
Price to Earnings (P/E)26.6
Beta (1Y)1.30
Revenue Growth-1.48%
EPS Growth-18.51%
CountryIN
Employees124
SectorGeneral
Sector StrengthN/A
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)67.12
Shares Outstanding5,768,385
10 Day Avg. Volume31,604
30 Day Avg. Volume17,089
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 mainly by selling engineered equipment and systems and by providing associated aftermarket support. A key revenue stream is the manufacture and sale of underground mining equipment and related machinery to min...
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
1627.65
Price Trends
1630.52
Positive
1615.62
Positive
1670.19
Positive
Market Momentum
79.89
Negative
62.14
Neutral
78.24
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 1627.65 is below the 20-day moving average (MA) of 1718.50, below the 50-day MA of 1630.52, and below the 200-day MA of 1670.19, indicating a bullish trend. The MACD of 79.89 indicates Negative momentum. The RSI at 62.14 is Neutral, neither overbought nor oversold. The STOCH value of 78.24 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹32.60B | 36.02 | ― | ― | 27.84% | 45.24% | |
72 Outperform | ₹10.73B | 26.58 | ― | 0.33% | -1.48% | -18.51% | |
69 Neutral | ₹111.63B | 33.69 | ― | 0.41% | 3.97% | -17.81% | |
65 Neutral | ₹33.79B | 44.24 | ― | 1.06% | -14.21% | -20.17% | |
64 Neutral | ₹68.90B | 45.31 | ― | 0.48% | 35.38% | 70.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹4.57B | 71.59 | ― | 0.48% | 27.52% | 145.25% |
* General Sector Average
IN:EIMCOELECO
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Eimco Elecon (India) Ltd. Corporate Events
Eimco Elecon launches new battery-powered vehicles for Indian underground coal mines
Apr 14, 2026
Eimco Elecon (India) Limited has expanded its underground mining equipment portfolio with the launch of two battery-operated vehicles, the UV-A-BE multi-utility scoop and the MCAR-E man-riding free-steered vehicle, both developed under the Make in...
Eimco Elecon Alerts Shareholders on Special Window for Physical Share Transfer Requests
Apr 11, 2026
Eimco Elecon (India) Ltd. has notified the exchanges that it has published a reminder notice to shareholders regarding a special window for re-lodgment of transfer requests for physical securities. The notice, carried in The Business Standard and ...
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.