Elecon Engineering Company Limited

BSE:505700 Stock Report

Market Cap: ₹120.1b

Elecon Engineering Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Prayasvin Patel

Chief executive officer

₹212.5m

Total compensation

CEO salary percentage28.91%
CEO tenure42.9yrs
CEO ownership1.7%
Management average tenure1.4yrs
Board average tenure3.9yrs

Recent management updates

Recent updates

Narrative Update • Jun 04

505700: Fair View Will Depend On Results Meeting And New CFO

Analysts have kept Elecon Engineering's fair value estimate steady at ₹525.5. The small adjustments in the discount rate and assumed future P/E point to a refined view of risk and earnings quality rather than a change in the headline valuation. What's in the News The board will meet on 15 April 2026 to consider and approve the audited financial results for the quarter and financial year ended 31 March 2026, along with segment wise financials.
Narrative Update • Apr 26

505700: Fair Value View Will Rely On Board Meeting And New CFO

Analysts have revised their price target for Elecon Engineering from ₹575.50 to ₹525.50, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News A board meeting is scheduled for 15 Apr 2026 to consider and approve the audited financial results for the quarter and financial year ended 31 Mar 2026, including segment-wise financials (Key Developments).
Narrative Update • Apr 07

505700: Maintained Fair Value And Upcoming Board Meeting Will Support Further Upside

Analysts have maintained the price target for Elecon Engineering at ₹575.5, with the latest update reflecting slightly adjusted assumptions on discount rate, revenue growth, profit margin, and future P/E. Together, these factors support keeping the valuation unchanged.
Narrative Update • Mar 24

505700: Maintained Fair Value And CFO Transition Will Support Further Upside

Analysts have maintained their fair value estimate for Elecon Engineering at ₹575.5 per share, citing only small tweaks to the discount rate, revenue growth, profit margin assumptions, and a slightly higher future P/E input as the basis for keeping the price target unchanged. What's in the News Chief Financial Officer Mr. Narasimhan Raghunathan has resigned from Elecon Engineering, citing personal reasons linked to his children's educational priorities in his hometown.
Narrative Update • Mar 08

505700: Stable Outlook And CFO Transition Will Support Further Upside

Analysts have maintained their fair value estimate for Elecon Engineering at ₹575.5 per share, making only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. As a result, the price target and the underlying thesis remain largely unchanged.
Narrative Update • Feb 21

505700: Stable Forecasts And CFO Transition Are Expected To Support Further Upside

Analysts have kept Elecon Engineering's fair value unchanged at ₹575.5, with only small tweaks to discount rate, revenue growth, profit margin and future P/E assumptions, which together leave their overall price target effectively stable. What's in the News Chief Financial Officer Mr. Narasimhan Raghunathan has resigned from Elecon Engineering, citing personal reasons related to his children's education in his hometown, with his tenure ending at the close of business on January 31, 2026 (company filing).
Narrative Update • Feb 07

505700: Lower Discount Rate Is Expected To Support Further Upside

Analysts have trimmed their fair value P/E input slightly, which keeps our Elecon Engineering fair value estimate steady at ₹575.50, while reflecting a modest reduction in the discount rate and a marginally lower future P/E assumption. What's in the News Chief Financial Officer Mr. Narasimhan Raghunathan has resigned from Elecon Engineering for personal reasons linked to his children's education in his hometown, with his last working day scheduled as the close of business on January 31, 2026 (company filing).
New Narrative • Jan 30

Export And Power Sector Risks Will Test This Capex Story Yet Offer Upside

Catalysts About Elecon Engineering Elecon Engineering manufactures industrial gear solutions and material handling equipment for sectors such as power, steel, cement, ports, mining and fertilizers. What are the underlying business or industry changes driving this perspective?
Narrative Update • Jan 23

505700: Revised Fair Value Will Support Further Upside Potential

Analysts have revised their fair value estimate for Elecon Engineering from ₹725.0 to ₹575.5. This change reflects updated assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News The Chief Financial Officer, Mr. Narasimhan Raghunathan, has resigned citing personal reasons related to his children's education in his hometown.
Narrative Update • Jan 08

505700: 2026 Revenue Guidance Will Support Further Upside Potential

Analysts have kept their fair value estimate for Elecon Engineering steady at ₹725. This reflects only minor model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions rather than a change in their overall view on the stock.
Narrative Update • Dec 19

505700: 2026 Guidance And Potential Interim Dividend Will Support Upside

Analysts have modestly increased their price target on Elecon Engineering to ₹725.0, reflecting slightly lower discount rate assumptions along with marginally improved long term profitability and valuation expectations. What's in the News Company issues consolidated earnings guidance for 2026, targeting revenue of INR 26,500 million, signaling confidence in medium term growth visibility (company guidance) Board meeting scheduled for October 10, 2025 at 11:30 IST to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing) Agenda of the October 10, 2025 board meeting also includes consideration of an interim dividend on equity shares, if any, which could influence near term shareholder returns (company filing) Valuation Changes Fair Value: maintained at ₹725.0 per share, indicating no change in the base case valuation outcome.
Narrative Update • Nov 20

505700: Steady Margins And 2026 Outlook Will Sustain Fair Value Momentum

Analysts have maintained their fair value estimate for Elecon Engineering at ₹725, citing stability in key underlying assumptions such as the discount rate, revenue growth, profit margin, and future price-to-earnings estimates. What's in the News Elecon Engineering provided consolidated earnings guidance for 2026, expecting consolidated revenue of INR 26,500 million (Corporate Guidance).
Narrative Update • Nov 05

505700: Fair Value Will Remain Supported By Steady Margins And 2026 Revenue Outlook

Narrative Update on Elecon Engineering Analysts have maintained their fair value estimate for Elecon Engineering at ₹725, citing consistent revenue growth and stable profit margins as key factors behind their unchanged outlook. What's in the News Elecon Engineering has issued consolidated earnings guidance for the year 2026, with expected consolidated revenue of INR 26,500 million (Key Developments).
Narrative Update • Oct 22

Analysts Lift Elecon Engineering Fair Value on Revised Margins and 2026 Revenue Guidance

Analysts have slightly raised their fair value estimate for Elecon Engineering from ₹722 to ₹725. This reflects a modest increase based on updated assumptions about discount rates, future profit margins, and growth forecasts.
Narrative Update • Oct 08

Infrastructure And Defense Trends Will Shape Future Opportunities Despite Risks

Analysts have raised Elecon Engineering’s fair value estimate from ₹694 to ₹722, citing stronger forecasts for revenue growth and profit margins. These factors have outweighed concerns about a moderately higher discount rate and a decline in the projected future price-to-earnings ratio.
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New Narrative • May 16

Expansion In Canada And Latin America Will Fuel Future Success

Expanding international markets and strategic investments in R&D support long-term revenue growth and diversification.

CEO Compensation Analysis

How has Prayasvin Patel's remuneration changed compared to Elecon Engineering's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026₹212m₹61m

₹3b

Dec 31 2025n/an/a

₹5b

Sep 30 2025n/an/a

₹5b

Jun 30 2025n/an/a

₹5b

Mar 31 2025₹227m₹53m

₹4b

Dec 31 2024n/an/a

₹4b

Sep 30 2024n/an/a

₹4b

Jun 30 2024n/an/a

₹4b

Mar 31 2024₹193m₹42m

₹4b

Dec 31 2023n/an/a

₹3b

Sep 30 2023n/an/a

₹3b

Jun 30 2023n/an/a

₹3b

Mar 31 2023₹121m₹30m

₹2b

Dec 31 2022n/an/a

₹2b

Sep 30 2022n/an/a

₹2b

Jun 30 2022n/an/a

₹2b

Mar 31 2022₹61m₹30m

₹1b

Dec 31 2021n/an/a

₹1b

Sep 30 2021n/an/a

₹1b

Jun 30 2021n/an/a

₹1b

Mar 31 2021₹31m₹31m

₹576m

Dec 31 2020n/an/a

₹962m

Sep 30 2020n/an/a

₹808m

Jun 30 2020n/an/a

₹686m

Mar 31 2020₹28m₹27m

₹897m

Compensation vs Market: Prayasvin's total compensation ($USD2.23M) is above average for companies of similar size in the Indian market ($USD493.92K).

Compensation vs Earnings: Prayasvin's compensation has been consistent with company performance over the past year.

CEO

Prayasvin Patel (68 yo)

42.9yrs
Tenure
₹212,451,000
Compensation

Mr. Prayasvin Bhanubhai Patel, BE, MBA, serves as Chairman and Managing Director of Power Build Limited. He has been Non-Independent Executive Chairman of Elecon Engineering Company Limited since September...

Leadership Team

NamePositionTenureCompensationOwnership
Prayasvin Patel
Non-Independent Executive Chairman & MDno data₹212.45m1.75%
₹ 2.1b
Bhartiben Isarani
Company Secretary & Compliance Officer7.9yrs₹3.10mno data
Chintan Shah
Chief Financial Officerless than a yearno datano data
Kaushik Patel
Business Head of MHE Divisionno datano datano data
Dipak Dalwadi
Business Head of Gear Division1.4yrsno datano data
1.4yrs
Average Tenure

Experienced Management: 505700's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Prayasvin Patel
Non-Independent Executive Chairman & MD42.9yrs₹212.45m1.75%
₹ 2.1b
Pranav Amin
Independent Non-Executive Director5.1yrs₹1.95mno data
Nirmal Bhogilal
Independent & Non-Executive Director2.2yrs₹2.02mno data
Pradip Patel
Non-Independent & Non-Executive Director48.6yrs₹2.01m0.056%
₹ 66.8m
Prashantbhai Amin
Non-Independent & Non-Executive Director17.9yrs₹1.89m0.036%
₹ 43.5m
Natasha Treasurywala
Non-Executive Independent Woman Director1.2yrs₹1.83mno data
Aayush Shah
Additional Non-Executive Non-Independent Director3.2yrs₹1.88mno data
Ashutosh Pednekar
Non-Executive Independent Director3.9yrs₹2.39mno data
Savan Godiawala
Independent Directorless than a yearno datano data
3.9yrs
Average Tenure
64yo
Average Age

Experienced Board: 505700's board of directors are considered experienced (3.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/13 07:57
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Elecon Engineering Company Limited is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sandeep Tulsiyan360 ONE Capital Market Private Limited
null nullAsian Markets Securities Private Limited
null nullEmkay Global Financial Services Ltd.