Declared Dividend • 22h
Dividend reduced to ₹4.00 Dividend of ₹4.00 is 20% lower than last year. Ex-date: 12th June 2026 Payment date: 25th July 2026 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 15
Full year 2026 earnings released: EPS: ₹67.11 (vs ₹84.78 in FY 2025) Full year 2026 results: EPS: ₹67.11 (down from ₹84.78 in FY 2025). Revenue: ₹2.48b (flat on FY 2025). Net income: ₹387.1m (down 21% from FY 2025). Profit margin: 16% (down from 20% in FY 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 09
Third quarter 2026 earnings released: EPS: ₹21.70 (vs ₹10.73 in 3Q 2025) Third quarter 2026 results: EPS: ₹21.70 (up from ₹10.73 in 3Q 2025). Revenue: ₹690.1m (up 51% from 3Q 2025). Net income: ₹125.2m (up 102% from 3Q 2025). Profit margin: 18% (up from 14% in 3Q 2025). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Dec 31
Eimco Elecon (India) Limited to Report Q3, 2026 Results on Jan 08, 2026 Eimco Elecon (India) Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Jan 08, 2026 New Risk • Dec 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.73b (US$97.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₹8.73b market cap, or US$97.1m). Buy Or Sell Opportunity • Oct 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to ₹1,942. The fair value is estimated to be ₹2,474, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 37%. Board Change • Oct 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Executive Director Kamlesh Shah was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Sep 30
Eimco Elecon (India) Limited to Report Q2, 2026 Results on Oct 09, 2025 Eimco Elecon (India) Limited announced that they will report Q2, 2026 results at 9:08 AM, Indian Standard Time on Oct 09, 2025 New Risk • Sep 24
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹1,927, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 435% over the past three years. Reported Earnings • Jul 11
First quarter 2026 earnings released: EPS: ₹25.11 (vs ₹25.63 in 1Q 2025) First quarter 2026 results: EPS: ₹25.11 (down from ₹25.63 in 1Q 2025). Revenue: ₹756.6m (up 8.5% from 1Q 2025). Net income: ₹144.8m (down 2.0% from 1Q 2025). Profit margin: 19% (down from 21% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 10
Now 20% undervalued Over the last 90 days, the stock has risen 69% to ₹2,493. The fair value is estimated to be ₹3,132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 56%. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹2,941, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 34x in the Machinery industry in India. Total returns to shareholders of 689% over the past three years. Annonce • Jun 30
Eimco Elecon (India) Limited to Report Q1, 2026 Results on Jul 10, 2025 Eimco Elecon (India) Limited announced that they will report Q1, 2026 results at 9:08 AM, Indian Standard Time on Jul 10, 2025 Annonce • Jun 25
Eimco Elecon (India) Limited Approves Appointment of Sonal V. Ambani as an Independent Director Eimco Elecon (India) Limited at its AGM, held on June 25, 2025, approved appointment of Dr. Sonal V. Ambani (DIN: 02404841) as an Independent Director of the Company for a term of five (5) consecutive years. Buy Or Sell Opportunity • Jun 10
Now 20% undervalued Over the last 90 days, the stock has risen 88% to ₹2,539. The fair value is estimated to be ₹3,189, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 56%. Reported Earnings • Jun 08
Full year 2025 earnings released: EPS: ₹84.78 (vs ₹70.06 in FY 2024) Full year 2025 results: EPS: ₹84.78 (up from ₹70.06 in FY 2024). Revenue: ₹2.46b (up 8.3% from FY 2024). Net income: ₹489.1m (up 21% from FY 2024). Profit margin: 20% (up from 18% in FY 2024). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Large one-off items impacting financial results. Upcoming Dividend • Jun 07
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 5.9% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.9%). New Risk • Jun 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹2,263, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 609% over the past three years. Declared Dividend • May 24
Dividend of ₹5.00 announced Dividend of ₹5.00 is the same as last year. Ex-date: 13th June 2025 Payment date: 25th July 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • May 22
Eimco Elecon (India) Limited, Annual General Meeting, Jun 25, 2025 Eimco Elecon (India) Limited, Annual General Meeting, Jun 25, 2025, at 10:00 Indian Standard Time. Reported Earnings • Apr 24
Full year 2025 earnings released: EPS: ₹84.78 (vs ₹66.83 in FY 2024) Full year 2025 results: EPS: ₹84.78 (up from ₹66.83 in FY 2024). Revenue: ₹2.46b (up 8.3% from FY 2024). Net income: ₹489.1m (up 27% from FY 2024). Profit margin: 20% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 23
Eimco Elecon (India) Limited Recommends Dividend for the Year Ended March 31, 2025 Eimco Elecon (India) Limited announced that at the board meeting held on April 23, 2025, the company recommended a dividend of 50% (INR 5/- per equity share) on 5,768,385 fully paid equity shares of INR 10/- each, for the year ended March 31, 2025, subject to the approval of the shareholders at the up coming Annual General Meeting (AGM)of the Company, which shall be paid/dispatched on or before 30 days from the conclusion of AGM. New Risk • Apr 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1,765, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 31x in the Machinery industry in India. Total returns to shareholders of 390% over the past three years. Annonce • Apr 01
Eimco Elecon (India) Limited to Report Q4, 2025 Results on Apr 23, 2025 Eimco Elecon (India) Limited announced that they will report Q4, 2025 results on Apr 23, 2025 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,555, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 28x in the Machinery industry in India. Total returns to shareholders of 381% over the past three years. New Risk • Feb 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.53b (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₹8.53b market cap, or US$98.4m). Reported Earnings • Jan 22
Third quarter 2025 earnings released: EPS: ₹10.73 (vs ₹13.08 in 3Q 2024) Third quarter 2025 results: EPS: ₹10.73 (down from ₹13.08 in 3Q 2024). Revenue: ₹458.4m (down 5.0% from 3Q 2024). Net income: ₹61.9m (down 18% from 3Q 2024). Profit margin: 14% (down from 16% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Dec 31
Eimco Elecon (India) Limited to Report Q3, 2025 Results on Jan 21, 2025 Eimco Elecon (India) Limited announced that they will report Q3, 2025 results on Jan 21, 2025 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹2,138, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 39x in the Machinery industry in India. Total returns to shareholders of 557% over the past three years. Annonce • Oct 21
Eimco Elecon (India) Limited Appoints Sunil Chinubhai Vakil as an Independent Non- Executive Director Eimco Elecon (India) Limited through its postal ballot ended on 19 October 2024 approved Appointment of Shri Sunil Chinubhai Vakil as an Independent Non- Executive Director of the Company. Reported Earnings • Oct 18
Second quarter 2025 earnings released: EPS: ₹22.64 (vs ₹18.72 in 2Q 2024) Second quarter 2025 results: EPS: ₹22.64 (up from ₹18.72 in 2Q 2024). Revenue: ₹666.3m (up 30% from 2Q 2024). Net income: ₹130.6m (up 21% from 2Q 2024). Profit margin: 20% (down from 21% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Sep 27
Eimco Elecon (India) Limited to Report Q2, 2025 Results on Oct 17, 2024 Eimco Elecon (India) Limited announced that they will report Q2, 2025 results on Oct 17, 2024 Reported Earnings • Jul 17
First quarter 2025 earnings released: EPS: ₹25.63 (vs ₹9.30 in 1Q 2024) First quarter 2025 results: EPS: ₹25.63 (up from ₹9.30 in 1Q 2024). Revenue: ₹749.9m (up 71% from 1Q 2024). Net income: ₹147.8m (up 176% from 1Q 2024). Profit margin: 20% (up from 12% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 10
Eimco Elecon (India) Limited to Report Q1, 2025 Results on Jul 16, 2024 Eimco Elecon (India) Limited announced that they will report Q1, 2025 results on Jul 16, 2024 Annonce • Jun 28
Eimco Elecon (India) Limited Announces Resignation of Ms. Reena P. Bhagwati as Non-Executive- Independent Director Eimco Elecon (India) Limited announced resignation of Ms. Reena P. Bhagwati as Non-Executive- Independent Director of the Company with effect from the close of business hours of 28th June, 2024 due to personal reasons. Names of listed entities in which Ms. Reena P. Bhagwati (DIN: 00096280) holds directorships, indicating the category of directorship and membership of board committees: Bhagwati Autocast Limited as Managing Director and Audit Committee – Member Stakeholders and Relationship Committee – Member CSR – Chairperson. Symphony Limited: Non-Executive Independent Director as Audit Committee – Member, Nomination & Remuneration Committee – Chairperson and Stakeholders Relationship Committee – Member. The Anup Engineering Limited: Audit Committee – Member, Risk Management Committee – Member. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹2,610, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 41x in the Machinery industry in India. Total returns to shareholders of 562% over the past three years. New Risk • Jun 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹2,086, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 38x in the Machinery industry in India. Total returns to shareholders of 462% over the past three years. Upcoming Dividend • Jun 07
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 25 July 2024. Payout ratio is a comfortable 7.5% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.7%). Annonce • May 22
Eimco Elecon (India) Limited, Annual General Meeting, Jun 25, 2024 Eimco Elecon (India) Limited, Annual General Meeting, Jun 25, 2024, at 10:30 Indian Standard Time. Declared Dividend • May 20
Dividend of ₹5.00 announced Dividend of ₹5.00 is the same as last year. Ex-date: 14th June 2024 Payment date: 25th July 2024 Dividend yield will be 0.3%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹2,158, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 40x in the Machinery industry in India. Total returns to shareholders of 544% over the past three years. Annonce • Apr 19
Eimco Elecon (India) Limited Recommends Dividend for the Year Ended March 31, 2024 Eimco Elecon (India) Limited announced that at the board meeting held on April 18, 2024, the company recommended a dividend of 50% (INR 5/- per equity share) on 5,768,385 fully paid equity shares of INR 10/- each, for the year ended March 31, 2024, subject to the approval of the shareholders at the up coming Annual General Meeting (AGM)of the Company, which shall be paid/dispatched on or before 30 days from the conclusion of AGM. Reported Earnings • Apr 18
Full year 2024 earnings released: EPS: ₹66.83 (vs ₹33.85 in FY 2023) Full year 2024 results: EPS: ₹66.83 (up from ₹33.85 in FY 2023). Revenue: ₹2.44b (up 41% from FY 2023). Net income: ₹385.5m (up 97% from FY 2023). Profit margin: 16% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 09
Eimco Elecon (India) Limited to Report Q4, 2024 Results on Apr 18, 2024 Eimco Elecon (India) Limited announced that they will report Q4, 2024 results on Apr 18, 2024 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,770, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 35x in the Machinery industry in India. Total returns to shareholders of 448% over the past three years. Reported Earnings • Jan 26
Third quarter 2024 earnings released: EPS: ₹13.08 (vs ₹8.51 in 3Q 2023) Third quarter 2024 results: EPS: ₹13.08 (up from ₹8.51 in 3Q 2023). Revenue: ₹482.5m (up 27% from 3Q 2023). Net income: ₹75.5m (up 54% from 3Q 2023). Profit margin: 16% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.07b (US$97.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹8.07b market cap, or US$97.1m). Annonce • Jan 24
Eimco Elecon (India) Limited Announces Shri Nirmal P. Bhogilal Cease to Be an Independent Director, Effective 31 March, 2024 Eimco Elecon (India) Limited Announced that Shri Nirmal P. Bhogilal will be completing his second and final term as an Independent Director and consequently will cease to be an Independent Director of the Company effective the close of business hours on 31 March, 2024. Annonce • Jan 16
Eimco Elecon (India) Limited to Report Q3, 2024 Results on Jan 24, 2024 Eimco Elecon (India) Limited announced that they will report Q3, 2024 results on Jan 24, 2024 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1,748, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 430% over the past three years. Reported Earnings • Oct 18
Second quarter 2024 earnings released: EPS: ₹18.72 (vs ₹10.57 in 2Q 2023) Second quarter 2024 results: EPS: ₹18.72 (up from ₹10.57 in 2Q 2023). Revenue: ₹543.4m (up 47% from 2Q 2023). Net income: ₹108.0m (up 77% from 2Q 2023). Profit margin: 20% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹8.17b market cap, or US$98.1m). Annonce • Oct 10
Eimco Elecon (India) Limited to Report Q2, 2024 Results on Oct 17, 2023 Eimco Elecon (India) Limited announced that they will report Q2, 2024 results on Oct 17, 2023 Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1,090, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 31x in the Machinery industry in India. Total returns to shareholders of 256% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹776, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 29x in the Machinery industry in India. Total returns to shareholders of 161% over the past three years. New Risk • Jul 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₹3.97b market cap, or US$48.2m). Annonce • Jul 12
Aakaaish Investments Private Limited agreed to acquire 47.62% stake in Eimco Elecon Electricals Ltd from Eimco Elecon (India) Limited (NSEI:EIMCOELECO). Aakaaish Investments Private Limited agreed to acquire 47.62% stake in Eimco Elecon Electricals Ltd from Eimco Elecon (India) Limited (NSEI:EIMCOELECO) on July 10, 2023. The net worth of Eimco Elecon Electricals as on June 30, 2023 is INR 31.857 million. The transaction is expected to close within next 30 days. Reported Earnings • Jul 11
First quarter 2024 earnings released: EPS: ₹9.30 (vs ₹2.25 loss in 1Q 2023) First quarter 2024 results: EPS: ₹9.30 (up from ₹2.25 loss in 1Q 2023). Revenue: ₹483.5m (up 44% from 1Q 2023). Net income: ₹53.6m (up ₹66.6m from 1Q 2023). Profit margin: 11% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 04
Eimco Elecon (India) Limited to Report Q1, 2024 Results on Jul 10, 2023 Eimco Elecon (India) Limited announced that they will report Q1, 2024 results at 12:08 PM, Indian Standard Time on Jul 10, 2023 New Risk • Jun 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₹3.59b market cap, or US$43.8m). Upcoming Dividend • Jun 09
Upcoming dividend of ₹5.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 16 June 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.8%). Annonce • May 25
Eimco Elecon (India) Limited, Annual General Meeting, Jun 28, 2023 Eimco Elecon (India) Limited, Annual General Meeting, Jun 28, 2023, at 10:00 Indian Standard Time. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: ₹33.85 (vs ₹15.05 in FY 2022) Full year 2023 results: EPS: ₹33.85 (up from ₹15.05 in FY 2022). Revenue: ₹1.82b (up 117% from FY 2022). Net income: ₹195.2m (up 125% from FY 2022). Profit margin: 11% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹466, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 25x in the Machinery industry in India. Total returns to shareholders of 111% over the past three years. Annonce • Jan 27
Eimco Elecon (India) Limited Announces the Resignation of Natin M.shah as an Independent Director of the Company Eimco Elecon (India) Limited announced the resignation of Natin M.shah as an Independent Director of the Company, with effect from the close of business hours of 25 January 2023 due to health reasons. Reported Earnings • Jan 24
Third quarter 2023 earnings released: EPS: ₹8.51 (vs ₹3.29 in 3Q 2022) Third quarter 2023 results: EPS: ₹8.51 (up from ₹3.29 in 3Q 2022). Revenue: ₹410.3m (up 81% from 3Q 2022). Net income: ₹49.1m (up 159% from 3Q 2022). Profit margin: 12% (up from 8.4% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annonce • Jan 13
Eimco Elecon (India) Limited to Report Q3, 2023 Results on Jan 23, 2023 Eimco Elecon (India) Limited announced that they will report Q3, 2023 results on Jan 23, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Executive Director Mukulnarayan Dwivedi was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Second quarter 2023 earnings released: EPS: ₹10.57 (vs ₹2.17 in 2Q 2022) Second quarter 2023 results: EPS: ₹10.57 (up from ₹2.17 in 2Q 2022). Revenue: ₹402.9m (up 271% from 2Q 2022). Net income: ₹61.0m (up 388% from 2Q 2022). Profit margin: 15% (up from 12% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 23% share price gain to ₹441, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 28x in the Machinery industry in India. Total returns to shareholders of 48% over the past three years. Annonce • Oct 22
Eimco Elecon (India) Limited to Report Q2, 2023 Results on Nov 02, 2022 Eimco Elecon (India) Limited announced that they will report Q2, 2023 results on Nov 02, 2022 Reported Earnings • Jul 21
First quarter 2023 earnings released: ₹2.25 loss per share (vs ₹3.02 profit in 1Q 2022) First quarter 2023 results: ₹2.25 loss per share (down from ₹3.02 profit in 1Q 2022). Net loss: ₹13.0m (down 174% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 09
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 27 July 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.8%). In line with average of industry peers (0.8%). Reported Earnings • Jun 08
Full year 2022 earnings released: EPS: ₹15.05 (vs ₹19.55 in FY 2021) Full year 2022 results: EPS: ₹15.05 (down from ₹19.55 in FY 2021). Revenue: ₹837.0m (down 33% from FY 2021). Net income: ₹86.8m (down 23% from FY 2021). Profit margin: 10% (up from 9.0% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
Full year 2022 earnings released: EPS: ₹15.04 (vs ₹19.55 in FY 2021) Full year 2022 results: EPS: ₹15.04 (down from ₹19.55 in FY 2021). Revenue: ₹936.2m (down 25% from FY 2021). Net income: ₹86.8m (down 23% from FY 2021). Profit margin: 9.3% (up from 9.0% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. VP of Marketing & Executive Director Mukulnarayan Dwivedi was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 24
Eimco Elecon (India) Limited to Report Q4, 2022 Results on Apr 29, 2022 Eimco Elecon (India) Limited announced that they will report Q4, 2022 results on Apr 29, 2022 Reported Earnings • Feb 01
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: ₹3.29 (down from ₹5.51 in 3Q 2021). Revenue: ₹242.5m (down 24% from 3Q 2021). Net income: ₹19.0m (down 40% from 3Q 2021). Profit margin: 7.8% (down from 9.9% in 3Q 2021). Revenue missed analyst estimates by 59%. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. VP of Marketing & Executive Director Mukulnarayan Dwivedi was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS ₹2.17 (vs ₹4.79 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2022 results: Revenue: ₹137.4m (down 59% from 2Q 2021). Net income: ₹12.5m (down 55% from 2Q 2021). Profit margin: 9.1% (up from 8.3% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Executive Departure • Oct 10
Chief Financial Officer Nilesh Shelat has left the company On the 30th of September, Nilesh Shelat's tenure as Chief Financial Officer ended after 5.1 years in the role. We don't have any record of a personal shareholding under Nilesh's name. Nilesh is the only executive to leave the company over the last 12 months. Reported Earnings • Jul 15
Full year 2021 earnings released: EPS ₹19.55 (vs ₹16.45 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹1.25b (up 17% from FY 2020). Net income: ₹112.8m (up 19% from FY 2020). Profit margin: 9.0% (up from 8.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 15
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 22 July 2021. Payment date: 04 September 2021. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 22% share price gain to ₹450, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 24% over the past three years. Reported Earnings • May 17
Full year 2021 earnings released: EPS ₹19.55 (vs ₹16.45 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ₹1.37b (up 28% from FY 2020). Net income: ₹112.8m (up 19% from FY 2020). Profit margin: 8.2% (down from 8.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annonce • May 14
Eimco Elecon (India) Limited Recommends Dividend for the Year Ended March 31, 2021 Eimco Elecon (India) Limited at its board meeting recommended a dividend of 50 % INR 5/- per equity share on 5768385 fully paid equity shares of INR 10/- each, for the year ended March 31, 2021, subject to the approval of the shareholders at the upcoming Annual General Meeting of the Company, which shall be paid/dispatched on or before 30 days from the conclusion of AGM. Reported Earnings • Feb 09
Third quarter 2021 earnings released: EPS ₹5.51 (vs ₹4.97 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹348.2m (down 5.3% from 3Q 2020). Net income: ₹31.8m (up 11% from 3Q 2020). Profit margin: 9.1% (up from 7.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.