Declared Dividend • May 22
Final dividend of ₹1.50 announced Dividend of ₹1.50 is the same as last year. Ex-date: 12th June 2026 Payment date: 25th July 2026 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 80% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 21
Elecon Engineering Company Limited, Annual General Meeting, Jun 25, 2026 Elecon Engineering Company Limited, Annual General Meeting, Jun 25, 2026, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹504, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 40x in the Electrical industry in India. Total returns to shareholders of 143% over the past three years. Reported Earnings • Apr 16
Full year 2026 earnings released: EPS: ₹15.20 (vs ₹18.50 in FY 2025) Full year 2026 results: EPS: ₹15.20 (down from ₹18.50 in FY 2025). Revenue: ₹24.5b (up 9.9% from FY 2025). Net income: ₹3.41b (down 18% from FY 2025). Profit margin: 14% (down from 19% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year. Duyuru • Apr 01
Elecon Engineering Company Limited to Report Q4, 2026 Results on Apr 15, 2026 Elecon Engineering Company Limited announced that they will report Q4, 2026 results on Apr 15, 2026 New Risk • Feb 03
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 7.4% 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 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 (7.4% average weekly change). Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹447, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 33x in the Electrical industry in India. Total returns to shareholders of 139% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹185 per share. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹396, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 35x in the Electrical industry in India. Total returns to shareholders of 108% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹188 per share. Price Target Changed • Jan 12
Price target decreased by 20% to ₹576 Down from ₹722, the current price target is an average from 2 analysts. New target price is 40% above last closing price of ₹410. Stock is down 26% over the past year. The company posted earnings per share of ₹18.50 last year. Reported Earnings • Jan 09
Third quarter 2026 earnings released: EPS: ₹3.21 (vs ₹4.79 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.21 (down from ₹4.79 in 3Q 2025). Revenue: ₹5.71b (up 7.9% from 3Q 2025). Net income: ₹719.9m (down 33% from 3Q 2025). Profit margin: 13% (down from 20% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 29% per year. Duyuru • Dec 31
Elecon Engineering Company Limited to Report Q3, 2026 Results on Jan 08, 2026 Elecon Engineering Company Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Jan 08, 2026 Declared Dividend • Oct 12
First half dividend of ₹0.50 announced Shareholders will receive a dividend of ₹0.50. Ex-date: 16th October 2025 Payment date: 9th November 2025 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 11
Second quarter 2026 earnings released: EPS: ₹3.91 (vs ₹3.91 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.91 (in line with 2Q 2025). Revenue: ₹5.78b (up 14% from 2Q 2025). Net income: ₹877.2m (flat on 2Q 2025). Profit margin: 15% (down from 17% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 30
Elecon Engineering Company Limited to Report Q2, 2026 Results on Oct 10, 2025 Elecon Engineering Company Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Oct 10, 2025 Price Target Changed • Jul 14
Price target increased by 7.1% to ₹691 Up from ₹645, the current price target is provided by 1 analyst. New target price is 10% above last closing price of ₹627. Stock is down 5.1% over the past year. The company is forecast to post earnings per share of ₹19.00 for next year compared to ₹18.50 last year. Reported Earnings • Jul 12
First quarter 2026 earnings released: EPS: ₹7.82 (vs ₹3.27 in 1Q 2025) First quarter 2026 results: EPS: ₹7.82 (up from ₹3.27 in 1Q 2025). Revenue: ₹4.91b (up 25% from 1Q 2025). Net income: ₹1.75b (up 139% from 1Q 2025). Profit margin: 36% (up from 19% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 30
Elecon Engineering Company Limited to Report Q1, 2026 Results on Jul 11, 2025 Elecon Engineering Company Limited announced that they will report Q1, 2026 results at 9:15 AM, Indian Standard Time on Jul 11, 2025 Upcoming Dividend • Jun 06
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.4%). Declared Dividend • May 23
Final dividend of ₹1.50 announced Shareholders will receive a dividend of ₹1.50. Ex-date: 13th June 2025 Payment date: 25th July 2025 Dividend yield will be 0.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 22
Elecon Engineering Company Limited, Annual General Meeting, Jun 25, 2025 Elecon Engineering Company Limited, Annual General Meeting, Jun 25, 2025, at 15:00 Indian Standard Time. Reported Earnings • Apr 25
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹18.50 (up from ₹15.85 in FY 2024). Revenue: ₹22.9b (up 18% from FY 2024). Net income: ₹4.15b (up 17% from FY 2024). Profit margin: 18% (in line with FY 2024). Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 24
Elecon Engineering Company Limited Recommends Final Dividend for the Financial Year 2024-25 Elecon Engineering Company Limited at its board meeting held on April 24, 2025, recommended the Final Dividend of INR 1.50 (that is 150%) per Equity Share of INR 1.00 each for the financial year 2024-25. Duyuru • Mar 31
Elecon Engineering Company Limited to Report Fiscal Year 2025 Results on Apr 24, 2025 Elecon Engineering Company Limited announced that they will report fiscal year 2025 results on Apr 24, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹457, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 34x in the Electrical industry in India. Total returns to shareholders of 558% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹388, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 31x in the Electrical industry in India. Total returns to shareholders of 452% over the past three years. Duyuru • Dec 31
Elecon Engineering Company Limited to Report Q3, 2025 Results on Jan 01, 2025 Elecon Engineering Company Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Jan 01, 2025 New Risk • Dec 02
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 7.6% 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 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 (7.6% average weekly change). Declared Dividend • Oct 21
First half dividend of ₹0.50 announced Shareholders will receive a dividend of ₹0.50. Ex-date: 28th October 2024 Payment date: 17th November 2024 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 19
Second quarter 2025 earnings released: EPS: ₹3.91 (vs ₹3.95 in 2Q 2024) Second quarter 2025 results: EPS: ₹3.91 (down from ₹3.95 in 2Q 2024). Revenue: ₹5.08b (up 4.8% from 2Q 2024). Net income: ₹877.2m (down 1.0% from 2Q 2024). Profit margin: 17% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 18
Elecon Engineering Company Limited Approves Interim Dividend for Fiscal Year 2024-25, Payable on or After 12 November 2024 Elecon Engineering Company Limited at its board of directors meeting held on October 18, 2024, approved declaration of an Interim Dividend for Fiscal Year 2024-25 of INR 0.50 (i.e. 50%) per Equity Share of INR 1.00 each. The record date for determining the entitlement of the shareholders for the interim dividend shall be 28 October 2024. The interim dividend will be paid/dispatched to all the shareholders of the Company on or after 12 November 2024. Duyuru • Oct 09
Elecon Engineering Company Limited to Report Q2, 2025 Results on Oct 18, 2024 Elecon Engineering Company Limited announced that they will report Q2, 2025 results at 12:15 PM, Indian Standard Time on Oct 18, 2024 Reported Earnings • Jul 18
First quarter 2025 earnings released: EPS: ₹6.54 (vs ₹6.50 in 1Q 2024) First quarter 2025 results: EPS: ₹6.54 (up from ₹6.50 in 1Q 2024). Revenue: ₹3.92b (down 5.3% from 1Q 2024). Net income: ₹733.6m (flat on 1Q 2024). Profit margin: 19% (up from 18% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 30
Elecon Engineering Company Limited to Report Q1, 2025 Results on Jul 17, 2024 Elecon Engineering Company Limited announced that they will report Q1, 2025 results on Jul 17, 2024 Duyuru • Jun 26
Elecon Engineering Company Limited Declares Final Dividend for the Financial Year Ended March 31, 2024 Elecon Engineering Company Limited at its AGM held on June 25, 2024, declared Final Dividend of INR 2 per Equity Share for the Financial Year ended March 31, 2024. New Risk • Jun 12
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 7.6% 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 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 (7.6% average weekly change). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹1,338, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 50x in the Electrical industry in India. Total returns to shareholders of 903% over the past three years. Declared Dividend • May 30
Final dividend of ₹2.00 announced Shareholders will receive a dividend of ₹2.00. Ex-date: 14th June 2024 Payment date: 25th July 2024 Dividend yield will be 0.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Apr 20
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹31.69 (up from ₹21.17 in FY 2023). Revenue: ₹19.8b (up 30% from FY 2023). Net income: ₹3.56b (up 50% from FY 2023). Profit margin: 18% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 8.1%. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 140% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 20
Elecon Engineering Company Limited Recommends Final Dividend for the Financial Year 2023-24 The Board of Directors of Elecon Engineering Company Limited has at its meeting held on April 19, 2024, has recommended Final Dividend of INR 2.00 (that is 100%) per Equity Share of INR 2.00 each for the financial year 2023-24 (Subject to shareholders approval). Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1,166, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 48x in the Electrical industry in India. Total returns to shareholders of 1,308% over the past three years. Duyuru • Apr 16
Elecon Engineering Company Limited to Report Q4, 2024 Results on Apr 19, 2024 Elecon Engineering Company Limited announced that they will report Q4, 2024 results on Apr 19, 2024 Reported Earnings • Jan 26
Third quarter 2024 earnings released: EPS: ₹8.06 (vs ₹5.59 in 3Q 2023) Third quarter 2024 results: EPS: ₹8.06 (up from ₹5.59 in 3Q 2023). Revenue: ₹4.84b (up 24% from 3Q 2023). Net income: ₹904.0m (up 44% from 3Q 2023). Profit margin: 19% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 183% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 25
Elecon Engineering Company Limited Announces Cessation of Jai Diwanji as Non-Executive Independent Director, Effective March 31, 2024 Elecon Engineering Company Limited announced that the Board of Directors of the Company has at its meeting held on 25th January, 2024 has noted that the second and final term of Shri Jai Diwanji as a Non-Executive Independent Director will be completed on 31st March, 2024 and consequently he will be ceased to be an Independent Director of the Company with effect from the closing of business hours on 31st March, 2024. Duyuru • Dec 31
Elecon Engineering Company Limited to Report Q3, 2024 Results on Jan 25, 2024 Elecon Engineering Company Limited announced that they will report Q3, 2024 results on Jan 25, 2024 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹867, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 42x in the Electrical industry in India. Total returns to shareholders of 3,894% over the past three years. Upcoming Dividend • Oct 24
Upcoming dividend of ₹1.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 31 October 2023. Payment date: 19 November 2023. Payout ratio is a comfortable 9.4% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.4%). Reported Earnings • Oct 21
Second quarter 2024 earnings released: EPS: ₹7.89 (vs ₹5.75 in 2Q 2023) Second quarter 2024 results: EPS: ₹7.89 (up from ₹5.75 in 2Q 2023). Revenue: ₹4.97b (up 28% from 2Q 2023). Net income: ₹885.7m (up 37% from 2Q 2023). Profit margin: 18% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 224% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 10
Elecon Engineering Company Limited to Report Q2, 2024 Results on Oct 20, 2023 Elecon Engineering Company Limited announced that they will report Q2, 2024 results on Oct 20, 2023 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹792, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 45x in the Electrical industry in India. Total returns to shareholders of 2,673% over the past three years. Reported Earnings • Jul 12
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: ₹6.50 (up from ₹3.77 in 1Q 2023). Revenue: ₹4.23b (up 29% from 1Q 2023). Net income: ₹729.6m (up 73% from 1Q 2023). Profit margin: 17% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 1.6%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 205% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹722, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 40x in the Electrical industry in India. Total returns to shareholders of 2,732% over the past three years. Duyuru • Jul 01
Elecon Engineering Company Limited to Report Q1, 2024 Results on Jul 11, 2023 Elecon Engineering Company Limited announced that they will report Q1, 2024 results on Jul 11, 2023 Reported Earnings • Jun 11
Full year 2023 earnings released: EPS: ₹21.17 (vs ₹12.52 in FY 2022) Full year 2023 results: EPS: ₹21.17 (up from ₹12.52 in FY 2022). Revenue: ₹15.3b (up 26% from FY 2022). Net income: ₹2.37b (up 69% from FY 2022). Profit margin: 16% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in India. 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 191% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 07
Elecon Engineering Company Limited Proposes Final Dividend for the Financial Year Ended on March 31, 2023 Elecon Engineering Company Limited at the AGM, to be held on June 28, 2023, proposed a final dividend of INR 2.00 per equity share for the financial year ended on March 31, 2023.