Eimco Elecon (India)
Market Cap
₹1.7b
Last Updated
2019/12/13 12:49 UTC
Data Sources
Company Financials +
Executive Summary
Eimco Elecon (India) Limited manufactures and sells equipment for mining and construction sector in India.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet average dividend payer.
Share Price & News
How has Eimco Elecon (India)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 523708 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.2%
523708
-1.4%
IN Machinery
-1.1%
IN Market
1 Year Return
-27.5%
523708
-15.9%
IN Machinery
2.9%
IN Market
Return vs Industry: 523708 underperformed the Indian Machinery industry which returned -15.9% over the past year.
Return vs Market: 523708 underperformed the Indian Market which returned 2.9% over the past year.
Shareholder returns
| 523708 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | -1.4% | -1.1% |
| 30 Day | -0.6% | -3.8% | -0.8% |
| 90 Day | -0.7% | 2.6% | 6.0% |
| 1 Year | -26.2%-27.5% | -14.6%-15.9% | 4.9%2.9% |
| 3 Year | -16.6%-19.9% | 4.5%0.6% | 32.7%25.7% |
| 5 Year | -4.1%-9.6% | 23.1%16.3% | 41.2%28.5% |
Price Volatility Vs. Market
How volatile is Eimco Elecon (India)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Eimco Elecon (India) undervalued compared to its fair value and its price relative to the market?
8.3x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 523708 (₹296.35) is trading above our estimate of fair value (₹65.52)
Significantly Below Fair Value: 523708 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 523708 is good value based on its PE Ratio (8.3x) compared to the Machinery industry average (13.3x).
PE vs Market: 523708 is good value based on its PE Ratio (8.3x) compared to the Indian market (12.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 523708's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 523708 is good value based on its PB Ratio (0.5x) compared to the IN Machinery industry average (1.1x).
Next Steps
Future Growth
How is Eimco Elecon (India) forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
34.3%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if 523708's forecast earnings growth is above the savings rate (6.5%).
Earnings vs Market: Insufficient data to determine if 523708's earnings are forecast to grow faster than the Indian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 523708's revenue (34.3% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: 523708's revenue (34.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 523708's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Eimco Elecon (India) performed over the past 5 years?
2.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 523708 has a large one-off gain of ₹85.8M impacting its September 30 2019 financial results.
Growing Profit Margin: 523708's current net profit margins (15.3%) are higher than last year (11.8%).
Past Earnings Growth Analysis
Earnings Trend: 523708's earnings have grown by 2.5% per year over the past 5 years.
Accelerating Growth: 523708's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 523708 had negative earnings growth (-8.6%) over the past year, making it difficult to compare to the Machinery industry average (2.8%).
Return on Equity
High ROE: 523708's Return on Equity (6.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Eimco Elecon (India)'s financial position?
Financial Position Analysis
Short Term Liabilities: 523708's short term assets (₹1.1B) exceed its short term liabilities (₹222.0M).
Long Term Liabilities: 523708's short term assets (₹1.1B) exceed its long term liabilities (₹119.6M).
Debt to Equity History and Analysis
Debt Level: 523708's debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 523708's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 523708's debt is well covered by operating cash flow (730.1%).
Interest Coverage: 523708 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 523708 has a high level of physical assets or inventory.
Debt Coverage by Assets: 523708's debt is covered by short term assets (assets are 76.8x debt).
Next Steps
Dividend
What is Eimco Elecon (India)'s current dividend yield, its reliability and sustainability?
2.36%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 523708's dividend (2.36%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: 523708's dividend (2.36%) is low compared to the top 25% of dividend payers in the Indian market (2.55%).
Stability and Growth of Payments
Stable Dividend: 523708's dividends per share have been stable in the past 10 years.
Growing Dividend: 523708's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19.6%), 523708's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Eimco Elecon (India)'s salary, the management and board of directors tenure and is there insider trading?
4.8yrs
Average board tenure
CEO
Eimco Elecon (India) has no CEO, or we have no data on them.
Board Age and Tenure
4.8yrs
Average Tenure
63yo
Average Age
Experienced Board: 523708's board of directors are considered experienced (4.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Prayasvin Patel (61yo)
Executive Director
- Tenure: 3.1yrs
- Compensation: ₹8.70m
Nilesh Shelat (62yo)
Chief Financial Officer
- Tenure: 3.3yrs
- Compensation: ₹3.15m
Ravindra Luthra (67yo)
Head of Research
- Tenure: 0yrs
- Compensation: ₹2.50m
Dinesh Patel (66yo)
Group Technical Director
- Tenure: 0yrs
Mukulnarayan Dwivedi (52yo)
VP of Marketing & Executive Director
- Tenure: 0.3yrs
Rikenkumar Dalwadi
Company Secretary & Compliance Officer
- Tenure: 1yrs
- Compensation: ₹839.69k
Board Members
Prayasvin Patel (61yo)
Executive Director
- Tenure: 3.1yrs
- Compensation: ₹8.70m
Pradip Patel (72yo)
Chairman
- Tenure: 0yrs
- Compensation: ₹497.50k
Reena Bhagwati (53yo)
Additional Independent & Non-Executive Director
- Tenure: 3.1yrs
- Compensation: ₹325.00k
Nirmal Bhogilal (70yo)
Independent Non Executive Director
- Tenure: 8.3yrs
- Compensation: ₹422.50k
Prashantbhai Amin (63yo)
Non-Independent & Non Executive Director
- Tenure: 12.2yrs
- Compensation: ₹375.00k
Nalin Shah (72yo)
Non-Executive Independent Director
- Tenure: 7.6yrs
- Compensation: ₹477.50k
Manjuladevi Shroff
Independent Non Executive Director
- Tenure: 4.8yrs
- Compensation: ₹455.00k
Mukulnarayan Dwivedi (52yo)
VP of Marketing & Executive Director
- Tenure: 0.3yrs
Company Information
Eimco Elecon (India) Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Eimco Elecon (India) Limited
- Ticker: 523708
- Exchange: BSE
- Founded: 1974
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: ₹1.702b
- Shares outstanding: 5.77m
- Website: https://eimcoelecon.in
Number of Employees
Location
- Eimco Elecon (India) Limited
- Anand-Sojitra Road
- Vallabh Vidyanagar
- Gujarat
- 388120
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 523708 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Apr 1996 |
| EIMCOELECO | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Apr 1996 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 12:49 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.