Elecon Engineering Company Limited

NSEI:ELECON Stock Report

Market Cap: ₹105.9b

Elecon Engineering Balance Sheet Health

Financial Health criteria checks 6/6

Elecon Engineering has a total shareholder equity of ₹14.1B and total debt of ₹454.8M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are ₹18.8B and ₹4.7B respectively. Elecon Engineering's EBIT is ₹3.8B making its interest coverage ratio -407.7. It has cash and short-term investments of ₹3.6B.

Key information

3.2%

Debt to equity ratio

₹454.80m

Debt

Interest coverage ratio-407.7x
Cash₹3.57b
Equity₹14.15b
Total liabilities₹4.66b
Total assets₹18.81b

Recent financial health updates

Recent updates

Elecon Engineering (NSE:ELECON) Seems To Use Debt Rather Sparingly

Mar 22
Elecon Engineering (NSE:ELECON) Seems To Use Debt Rather Sparingly

Elecon Engineering Company Limited's (NSE:ELECON) Shareholders Might Be Looking For Exit

Mar 08
Elecon Engineering Company Limited's (NSE:ELECON) Shareholders Might Be Looking For Exit

With EPS Growth And More, Elecon Engineering (NSE:ELECON) Makes An Interesting Case

Feb 20
With EPS Growth And More, Elecon Engineering (NSE:ELECON) Makes An Interesting Case

Is Elecon Engineering Company Limited (NSE:ELECON) Potentially Undervalued?

Feb 07
Is Elecon Engineering Company Limited (NSE:ELECON) Potentially Undervalued?

Elecon Engineering (NSE:ELECON) Is Very Good At Capital Allocation

Nov 25
Elecon Engineering (NSE:ELECON) Is Very Good At Capital Allocation

Should You Be Adding Elecon Engineering (NSE:ELECON) To Your Watchlist Today?

Oct 15
Should You Be Adding Elecon Engineering (NSE:ELECON) To Your Watchlist Today?

Why Elecon Engineering Company Limited (NSE:ELECON) Could Be Worth Watching

Sep 15
Why Elecon Engineering Company Limited (NSE:ELECON) Could Be Worth Watching

Does Elecon Engineering (NSE:ELECON) Have A Healthy Balance Sheet?

Sep 02
Does Elecon Engineering (NSE:ELECON) Have A Healthy Balance Sheet?

Elecon Engineering (NSE:ELECON) Knows How To Allocate Capital Effectively

Aug 16
Elecon Engineering (NSE:ELECON) Knows How To Allocate Capital Effectively

Here's Why We Think Elecon Engineering (NSE:ELECON) Is Well Worth Watching

Jul 07
Here's Why We Think Elecon Engineering (NSE:ELECON) Is Well Worth Watching

Elecon Engineering's (NSE:ELECON) Dividend Will Be Increased To ₹2.00

Jun 09
Elecon Engineering's (NSE:ELECON) Dividend Will Be Increased To ₹2.00

Elecon Engineering's (NSE:ELECON) Shareholders Will Receive A Bigger Dividend Than Last Year

May 26
Elecon Engineering's (NSE:ELECON) Shareholders Will Receive A Bigger Dividend Than Last Year

At ₹504, Is It Time To Put Elecon Engineering Company Limited (NSE:ELECON) On Your Watch List?

May 13
At ₹504, Is It Time To Put Elecon Engineering Company Limited (NSE:ELECON) On Your Watch List?

Do Elecon Engineering's (NSE:ELECON) Earnings Warrant Your Attention?

Feb 21
Do Elecon Engineering's (NSE:ELECON) Earnings Warrant Your Attention?

Investors Shouldn't Overlook Elecon Engineering's (NSE:ELECON) Impressive Returns On Capital

Dec 27
Investors Shouldn't Overlook Elecon Engineering's (NSE:ELECON) Impressive Returns On Capital

If EPS Growth Is Important To You, Elecon Engineering (NSE:ELECON) Presents An Opportunity

Oct 21
If EPS Growth Is Important To You, Elecon Engineering (NSE:ELECON) Presents An Opportunity

Calculating The Intrinsic Value Of Elecon Engineering Company Limited (NSE:ELECON)

Sep 27
Calculating The Intrinsic Value Of Elecon Engineering Company Limited (NSE:ELECON)

Elecon Engineering (NSE:ELECON) Is Looking To Continue Growing Its Returns On Capital

Jul 07
Elecon Engineering (NSE:ELECON) Is Looking To Continue Growing Its Returns On Capital

Calculating The Fair Value Of Elecon Engineering Company Limited (NSE:ELECON)

Jun 24
Calculating The Fair Value Of Elecon Engineering Company Limited (NSE:ELECON)

I Ran A Stock Scan For Earnings Growth And Elecon Engineering (NSE:ELECON) Passed With Ease

Jun 03
I Ran A Stock Scan For Earnings Growth And Elecon Engineering (NSE:ELECON) Passed With Ease

Returns On Capital Are Showing Encouraging Signs At Elecon Engineering (NSE:ELECON)

Apr 05
Returns On Capital Are Showing Encouraging Signs At Elecon Engineering (NSE:ELECON)

These 4 Measures Indicate That Elecon Engineering (NSE:ELECON) Is Using Debt Safely

Feb 14
These 4 Measures Indicate That Elecon Engineering (NSE:ELECON) Is Using Debt Safely

Do Elecon Engineering's (NSE:ELECON) Earnings Warrant Your Attention?

Jan 24
Do Elecon Engineering's (NSE:ELECON) Earnings Warrant Your Attention?

Returns On Capital Are Showing Encouraging Signs At Elecon Engineering (NSE:ELECON)

Oct 25
Returns On Capital Are Showing Encouraging Signs At Elecon Engineering (NSE:ELECON)

Should You Be Adding Elecon Engineering (NSE:ELECON) To Your Watchlist Today?

Aug 14
Should You Be Adding Elecon Engineering (NSE:ELECON) To Your Watchlist Today?

Shareholders Will Probably Hold Off On Increasing Elecon Engineering Company Limited's (NSE:ELECON) CEO Compensation For The Time Being

Jul 30
Shareholders Will Probably Hold Off On Increasing Elecon Engineering Company Limited's (NSE:ELECON) CEO Compensation For The Time Being

We Think Elecon Engineering (NSE:ELECON) Can Stay On Top Of Its Debt

Jun 04
We Think Elecon Engineering (NSE:ELECON) Can Stay On Top Of Its Debt

Is Now The Time To Put Elecon Engineering (NSE:ELECON) On Your Watchlist?

Apr 30
Is Now The Time To Put Elecon Engineering (NSE:ELECON) On Your Watchlist?

What Kind Of Shareholders Hold The Majority In Elecon Engineering Company Limited's (NSE:ELECON) Shares?

Mar 13
What Kind Of Shareholders Hold The Majority In Elecon Engineering Company Limited's (NSE:ELECON) Shares?

How Well Is Elecon Engineering (NSE:ELECON) Allocating Its Capital?

Feb 22
How Well Is Elecon Engineering (NSE:ELECON) Allocating Its Capital?

If You Had Bought Elecon Engineering's (NSE:ELECON) Shares Three Years Ago You Would Be Down 45%

Feb 02
If You Had Bought Elecon Engineering's (NSE:ELECON) Shares Three Years Ago You Would Be Down 45%

These 4 Measures Indicate That Elecon Engineering (NSE:ELECON) Is Using Debt Extensively

Jan 15
These 4 Measures Indicate That Elecon Engineering (NSE:ELECON) Is Using Debt Extensively

Here's What To Make Of Elecon Engineering's (NSE:ELECON) Returns On Capital

Sep 21
Here's What To Make Of Elecon Engineering's (NSE:ELECON) Returns On Capital

Lacklustre Performance Driving Elecon Engineering Company Limited's (NSE:ELECON) P/E

Aug 26
Lacklustre Performance Driving Elecon Engineering Company Limited's (NSE:ELECON) P/E

Does Elecon Engineering (NSE:ELECON) Have A Healthy Balance Sheet?

Aug 20
Does Elecon Engineering (NSE:ELECON) Have A Healthy Balance Sheet?

Potential Upside For Elecon Engineering Company Limited (NSE:ELECON) Not Without Risk

Jul 24
Potential Upside For Elecon Engineering Company Limited (NSE:ELECON) Not Without Risk

Financial Position Analysis

Short Term Liabilities: ELECON's short term assets (₹10.3B) exceed its short term liabilities (₹3.8B).

Long Term Liabilities: ELECON's short term assets (₹10.3B) exceed its long term liabilities (₹911.1M).


Debt to Equity History and Analysis

Debt Level: ELECON has more cash than its total debt.

Reducing Debt: ELECON's debt to equity ratio has reduced from 65% to 3.2% over the past 5 years.

Debt Coverage: ELECON's debt is well covered by operating cash flow (766.9%).

Interest Coverage: ELECON earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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