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Eimco Elecon (India)

BSE:523708
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
523708
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₹2B
Market Cap
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Last updated 2019/03/18 12:37
Company description

Eimco Elecon (India) Limited manufactures and sells equipment for mining and construction sector in India. The last earnings update was 48 days ago. More info.

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523708 Share Price and Events
7 Day Returns
3.6%
BSE:523708
1.7%
IN Machinery
2.6%
IN Market
1 Year Returns
-8.1%
BSE:523708
-12.9%
IN Machinery
0.8%
IN Market
523708 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eimco Elecon (India) (523708) 3.6% 10.8% -3.2% -8.1% 23.8% 97.7%
IN Machinery 1.7% 10.2% -0.6% -12.9% 30.6% 142.7%
IN Market 2.6% 7.7% 2.5% 0.8% 45.6% 83.2%
1 Year Return vs Industry and Market
  • 523708 outperformed the Machinery industry which returned -12.9% over the past year.
  • 523708 underperformed the Market in India which returned 0.8% over the past year.
Price Volatility
523708
Industry
5yr Volatility vs Market

523708 Value

 Is Eimco Elecon (India) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Eimco Elecon (India) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Eimco Elecon (India).

BSE:523708 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:523708
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.058 (1 + (1- 35%) (0.19%)) 		1.04
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.04 * 8.6%) 		16.49%

Discounted Cash Flow Calculation for BSE:523708 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eimco Elecon (India) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:523708 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.49%)
2019 48.23 Est @ 11.09% 41.40
2020 53.06 Est @ 10.02% 39.10
2021 57.99 Est @ 9.28% 36.68
2022 63.07 Est @ 8.76% 34.25
2023 68.36 Est @ 8.4% 31.87
2024 73.93 Est @ 8.14% 29.59
2025 79.82 Est @ 7.97% 27.42
2026 86.08 Est @ 7.84% 25.39
2027 92.75 Est @ 7.75% 23.48
2028 99.89 Est @ 7.69% 21.71
Present value of next 10 years cash flows ₹310.89
BSE:523708 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹99.89 × (1 + 7.55%) ÷ (16.49% – 7.55%) 		₹1,201.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹1,201.69 ÷ (1 + 16.49%)10 		₹261.16
BSE:523708 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹310.89 + ₹261.16 		₹572.05
Equity Value per Share
(INR)		 = Total value / Shares Outstanding
= ₹572.05 / 5.77 		₹99.17
BSE:523708 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹99.17
Current discount Discount to share price of ₹396.00
= -1 x (₹396.00 - ₹99.17) / ₹99.17 		-299.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Eimco Elecon (India) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eimco Elecon (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eimco Elecon (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:523708 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹41.66
BSE:523708 Share Price ** BSE (2019-03-15) in INR ₹396
India Machinery Industry PE Ratio Median Figure of 141 Publicly-Listed Machinery Companies 19.24x
India Market PE Ratio Median Figure of 2,728 Publicly-Listed Companies 16.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Eimco Elecon (India).

BSE:523708 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:523708 Share Price ÷ EPS (both in INR)

= 396 ÷ 41.66

 9.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eimco Elecon (India) is good value based on earnings compared to the IN Machinery industry average.
  • Eimco Elecon (India) is good value based on earnings compared to the India market.
Price based on expected Growth
Does Eimco Elecon (India)'s expected growth come at a high price?
Raw Data
BSE:523708 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts		 15.8%per year
India Machinery Industry PEG Ratio Median Figure of 28 Publicly-Listed Machinery Companies 1.6x
India Market PEG Ratio Median Figure of 598 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Eimco Elecon (India), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eimco Elecon (India)'s assets?
Raw Data
BSE:523708 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹518.81
BSE:523708 Share Price * BSE (2019-03-15) in INR ₹396
India Machinery Industry PB Ratio Median Figure of 169 Publicly-Listed Machinery Companies 1.68x
India Market PB Ratio Median Figure of 3,613 Publicly-Listed Companies 1.12x
BSE:523708 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:523708 Share Price ÷ Book Value per Share (both in INR)

= 396 ÷ 518.81

 0.76x

* Primary Listing of Eimco Elecon (India).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eimco Elecon (India) is good value based on assets compared to the IN Machinery industry average.
Show me more potentially undervalued companies in the Machinery industry
X
Value checks
We assess Eimco Elecon (India)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
    5. Eimco Elecon (India) has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

523708 Future Performance

 How is Eimco Elecon (India) expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Eimco Elecon (India), future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eimco Elecon (India) expected to grow at an attractive rate?
  • Eimco Elecon (India)'s earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Eimco Elecon (India)'s earnings growth is positive but not above the India market average.
  • Eimco Elecon (India)'s revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:523708 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:523708 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 15.8%
BSE:523708 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 25.5%
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:523708 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:523708 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 2,666 1
2019-03-31 2,132 1
BSE:523708 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,931 240
2018-09-30 1,907 225
2018-06-30 1,481 178
2018-03-31 1,397 98 163
2017-12-31 1,256 229
2017-09-30 1,426 216
2017-06-30 1,651 247
2017-03-31 1,708 186 247
2016-12-31 1,618 177
2016-09-30 1,438 160
2016-06-30 1,452 176
2016-03-31 1,395 427 179

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eimco Elecon (India)'s earnings are expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).
  • Eimco Elecon (India)'s revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:523708 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Eimco Elecon (India) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:523708 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31
2019-03-31
BSE:523708 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 41.66
2018-09-30 39.05
2018-06-30 30.92
2018-03-31 28.21
2017-12-31 39.62
2017-09-30 37.52
2017-06-30 42.86
2017-03-31 42.85
2016-12-31 30.74
2016-09-30 27.70
2016-06-30 30.50
2016-03-31 31.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Eimco Elecon (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Show me more growth companies in the Machinery industry
X
Future performance checks
We assess Eimco Elecon (India)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Eimco Elecon (India) has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

523708 Past Performance

  How has Eimco Elecon (India) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Eimco Elecon (India)'s growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Eimco Elecon (India)'s year on year earnings growth rate has been positive over the past 5 years.
  • Eimco Elecon (India)'s 1-year earnings growth exceeds its 5-year average (5.1% vs 3.8%)
  • Eimco Elecon (India)'s earnings growth has not exceeded the IN Machinery industry average in the past year (5.1% vs 36.7%).
Earnings and Revenue History
Eimco Elecon (India)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Eimco Elecon (India) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:523708 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,930.81 240.27 230.86
2018-09-30 1,907.46 225.17 241.24
2018-06-30 1,481.50 178.33 181.30
2018-03-31 1,397.41 162.71 168.74
2017-12-31 1,255.72 228.56 115.09
2017-09-30 1,426.35 216.48 128.35
2017-06-30 1,651.06 247.15 154.19
2017-03-31 1,707.73 247.16 164.35
2016-12-31 1,617.56 177.07 169.95 30.95
2016-09-30 1,437.81 159.67 147.81 30.95
2016-06-30 1,452.13 175.81 149.29 30.95
2016-03-31 1,394.84 178.82 155.42
2015-12-31 1,731.35 204.17 419.83 43.80
2015-09-30 1,870.21 224.02 430.90 43.80
2015-06-30 2,007.15 216.68 440.27 43.80
2015-03-31 1,957.26 215.19 128.38 43.80
2014-12-31 2,036.40 179.17 433.58 28.46
2014-09-30 1,983.84 177.76 425.94 28.46
2014-06-30 1,861.21 183.89 419.93 28.46
2014-03-31 1,922.66 201.66 423.48 28.46
2013-12-31 1,546.66 140.94 394.68 17.07
2013-09-30 1,475.50 111.91 390.66 17.07
2013-06-30 1,592.17 141.68 400.88 17.07
2013-03-31 1,704.10 151.35 412.10 17.07
2012-12-31 1,808.82 184.83 416.06 17.26
2012-09-30 1,884.38 190.47 417.05 17.26
2012-06-30 1,811.03 214.25 399.47 17.26
2012-03-31 1,771.33 203.28 391.32 17.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Eimco Elecon (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eimco Elecon (India) used its assets less efficiently than the IN Machinery industry average last year based on Return on Assets.
  • Eimco Elecon (India)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eimco Elecon (India)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Eimco Elecon (India) has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

523708 Health

 How is Eimco Elecon (India)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eimco Elecon (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eimco Elecon (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eimco Elecon (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eimco Elecon (India)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 301.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Eimco Elecon (India) Company Filings, last reported 2 months ago.

BSE:523708 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,991.41 4.32 279.59
2018-09-30 2,991.41 4.32 279.59
2018-06-30 2,945.93 6.18 639.04
2018-03-31 2,945.93 6.18 639.04
2017-12-31 2,799.36 7.94 756.00
2017-09-30 2,799.36 7.94 756.00
2017-06-30 2,816.29 0.00 616.36
2017-03-31 2,816.29 0.00 718.80
2016-12-31 2,633.99 0.00 1,101.34
2016-09-30 2,633.99 0.00 1,101.34
2016-06-30 2,221.27 0.00 614.52
2016-03-31 2,610.66 0.00 463.24
2015-12-31 2,141.69 0.00 858.20
2015-09-30 2,141.69 0.00 858.20
2015-06-30 2,048.81 0.00 255.50
2015-03-31 2,048.81 0.00 255.50
2014-12-31 1,914.58 0.00 761.19
2014-09-30 1,914.58 0.00 761.19
2014-06-30 1,874.52 0.00 211.31
2014-03-31 1,874.52 0.00 200.41
2013-12-31 1,771.30 0.00 531.76
2013-09-30 1,771.30 0.00 531.76
2013-06-30 1,699.86 0.00 525.29
2013-03-31 1,699.86 0.00 464.69
2012-12-31 1,686.39 0.00 617.88
2012-09-30 1,686.39 0.00 617.88
2012-06-30 1,575.50 0.00 487.58
2012-03-31 1,575.50 0.00 487.58
  • Eimco Elecon (India)'s level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.1% today).
  • Debt is well covered by operating cash flow (2267.8%, greater than 20% of total debt).
  • Eimco Elecon (India) earns more interest than it pays, coverage of interest payments is not a concern.
Show me more healthy companies in the Machinery industry
X
Financial health checks
We assess Eimco Elecon (India)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Eimco Elecon (India) has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

523708 Dividends

 What is Eimco Elecon (India)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.26%
Current annual income from Eimco Elecon (India) dividends.
If you bought ₹2,000 of Eimco Elecon (India) shares you are expected to receive ₹25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Eimco Elecon (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Eimco Elecon (India)'s dividend is below the markets top 25% of dividend payers in India (1.88%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:523708 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Machinery Industry Average Dividend Yield Market Cap Weighted Average of 99 Stocks 1.2%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:523708 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
2019-03-31
BSE:523708 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-11 5.000 1.329
2018-05-03 5.000 1.262
2017-07-12 5.000 0.974
2016-05-30 5.000 1.154
2015-07-14 5.000 1.194
2015-05-04 5.000 1.025
2014-07-04 4.000 1.088
2014-04-25 4.000 1.264
2013-06-20 4.000 2.928
2013-04-30 4.000 2.895
2012-07-04 4.000 2.258
2012-05-08 4.000 2.358
2011-08-22 4.000 2.287
2010-05-11 4.000 1.585
2009-05-08 4.000 1.552
2009-03-19 4.000 2.639

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Eimco Elecon (India)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Show me more dividend paying companies in the Machinery industry
X
Income/ dividend checks
We assess Eimco Elecon (India)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eimco Elecon (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Eimco Elecon (India) has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

523708 Management

 What is the CEO of Eimco Elecon (India)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
M. Rao
COMPENSATION ₹8,000,000
AGE 59
TENURE AS CEO 7.5 years
CEO Bio

Mr. M. G. Rao has been a Whole-time Director of Eimco Elecon (India) Limited since September 8, 2011. Mr. Rao served as a Vice President of Products at McNally Bharat Engineering Co. Ltd. Mr. Rao served as Vice President of GMM Pfaudler Ltd. Mr. Rao has 30 years of experience and holds B.E. (Mech) and M.E.

CEO Compensation
  • M.'s compensation has been consistent with company performance over the past year.
  • M.'s remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Eimco Elecon (India) management team in years:

2.5
Average Tenure
60.5
Average Age
  • The tenure for the Eimco Elecon (India) management team is about average.
Management Team

M. Rao

TITLE
Wholetime Director
COMPENSATION
₹8M
AGE
59
TENURE
7.5 yrs

Nilesh Shelat

TITLE
Chief Financial Officer
COMPENSATION
₹3M
AGE
61
TENURE
2.5 yrs

D. Patel

TITLE
Group Technical Director
AGE
65

Mukul Dwivedi

TITLE
Vice President of Marketing
AGE
51

Prayasvin Patel

TITLE
Executive Director
COMPENSATION
₹6M
AGE
60

Rikenkumar Dalwadi

TITLE
Company Secretary & Compliance Officer
TENURE
0.3 yrs

Ravindra Luthra

TITLE
Head of Research
COMPENSATION
₹2M
AGE
66
Board of Directors Tenure

Average tenure and age of the Eimco Elecon (India) board of directors in years:

6.8
Average Tenure
62
Average Age
  • The tenure for the Eimco Elecon (India) board of directors is about average.
Board of Directors

Pradip Patel

TITLE
Chairman
COMPENSATION
₹483K
AGE
71

M. Rao

TITLE
Wholetime Director
COMPENSATION
₹8M
AGE
59
TENURE
7.5 yrs

Prayasvin Patel

TITLE
Executive Director
COMPENSATION
₹6M
AGE
60
TENURE
2.3 yrs

Prashantbhai Amin

TITLE
Non-Independent & Non Executive Director
COMPENSATION
₹375K
AGE
62
TENURE
11.4 yrs

Nalin Shah

TITLE
Non-Executive Independent Director
COMPENSATION
₹458K
AGE
71
TENURE
6.8 yrs

Nirmal Bhogilal

TITLE
Independent Non Executive Director
COMPENSATION
₹400K
AGE
69
TENURE
7.5 yrs

Manjuladevi Shroff

TITLE
Independent Non Executive Director
COMPENSATION
₹355K
TENURE
4.1 yrs

Reena Bhagwati

TITLE
Additional Independent & Non-Executive Director
COMPENSATION
₹300K
AGE
52
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Eimco Elecon (India)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Eimco Elecon (India) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

523708 News

Simply Wall St News

523708 Company Info

Description

Eimco Elecon (India) Limited manufactures and sells equipment for mining and construction sector in India. It offers air motors, side dump loaders, load haul dumpers, coal haulers, universal drill machines, low profile dump trucks, rocker shovel loaders, articulated wheel loaders, and chair lift man riding systems. The company also exports its products. Eimco Elecon (India) Limited was incorporated in 1974 and is headquartered in Vallabh Vidyanagar, India.

Details
Name: Eimco Elecon (India) Limited
523708
Exchange: BSE
Founded: 1974
₹2,284,280,460
5,768,385
Website: http://eimcoelecon.in
Address: Eimco Elecon (India) Limited
Anand-Sojitra Road,
Vallabh Vidyanagar,
Gujarat, 388120,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 523708 Equity Shares Mumbai Stock Exchange IN INR 24. Apr 1996
NSEI EIMCOELECO Equity Shares National Stock Exchange of India IN INR 24. Apr 1996
Number of employees
Current staff
Staff numbers
152
Eimco Elecon (India) employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 12:37
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/01/04
Last earnings filing: 2019/01/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.

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