Elecon Engineering Co. Ltd.
ELECONIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
24 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 24 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20190424 | 2019-03-31 | yes | |
| TRANSCRIPT | 20191021 | 2019-09-30 | yes | |
| TRANSCRIPT | 20210604 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210813 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211130 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220211 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220517 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220727 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221109 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230203 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230502 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230718 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231030 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240202 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240426 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240723 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241025 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250129 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250502 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250717 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251017 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260117 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260422 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260718 | 2026-06-30 | yes |
ELECON
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 459.10 |
| 52-week range | 354.75 – 619.65 |
| Return 1M | 7.71% |
| Return 3M | -12.08% |
| Return 1Y | -22.95% |
| Return 3Y | 21.06% |
| Return 5Y | 440.91% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 521.00 |
| Other income | 22.00 |
| Total income | 542.00 |
| Cost of materials consumed | 273.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | -42.00 |
| Employee benefit expense | 62.00 |
| Finance costs | 8.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.59 | 0.00 |
| institutions foreign | 0.07 | -0.00 |
| institutions domestic | 0.07 | 0.02 |
| mutual funds | 0.06 | 0.02 |
| public | 0.41 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 24 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 389.00 | 389.00 | 425.00 | 414.00 | 485.00 | 474.00 | 565.00 | 392.00 | 508.00 | 529.00 | 798.00 | 491.00 | 578.00 | 552.00 | 746.00 | 521.00 |
| Other income | 4.00 | 3.00 | 8.00 | 8.00 | 13.00 | 10.00 | 13.00 | 14.00 | 11.00 | 16.00 | 19.00 | 26.00 | 18.00 | 19.00 | 18.00 | 22.00 |
| Total income | 393.00 | 392.00 | 432.00 | 423.00 | 497.00 | 484.00 | 578.00 | 407.00 | 520.00 | 545.00 | 816.00 | 517.00 | 596.00 | 571.00 | 763.00 | 542.00 |
| Cost of materials consumed | 199.00 | 177.00 | 199.00 | 195.00 | 205.00 | 211.00 | 230.00 | 168.00 | 244.00 | 258.00 | 346.00 | 206.00 | 281.00 | 286.00 | 401.00 | 273.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | -17.00 | -3.00 | 17.00 | -13.00 | 19.00 | -1.00 | 18.00 | -7.00 | -3.00 | -32.00 | 55.00 | -16.00 | 6.00 | -19.00 | -19.00 | -42.00 |
| Employee benefit expense | 37.00 | 40.00 | 31.00 | 46.00 | 44.00 | 43.00 | 55.00 | 47.00 | 46.00 | 48.00 | 67.00 | 59.00 | 58.00 | 59.00 | 66.00 | 62.00 |
| Finance costs | 3.00 | 2.00 | 5.00 | 2.00 | 3.00 | 1.00 | 2.00 | 2.00 | 2.00 | 3.00 | 5.00 | 6.00 | 6.00 | 7.00 | 6.00 | 8.00 |
| Depreciation and amortisation | 12.00 | 12.00 | 14.00 | 12.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 16.00 | 19.00 | 25.00 | 25.00 | 27.00 | 27.00 | 30.00 |
| Other expenses | 78.00 | 86.00 | 85.00 | 87.00 | 99.00 | 100.00 | 127.00 | 91.00 | 109.00 | 113.00 | 134.00 | 111.00 | 109.00 | 117.00 | 140.00 | 119.00 |
| Total expenses | 311.00 | 314.00 | 350.00 | 329.00 | 382.00 | 367.00 | 444.00 | 315.00 | 411.00 | 405.00 | 627.00 | 391.00 | 483.00 | 477.00 | 621.00 | 449.00 |
| Profit before exceptional items and tax | 82.00 | 78.00 | 82.00 | 94.00 | 115.00 | 116.00 | 134.00 | 92.00 | 108.00 | 139.00 | 190.00 | 126.00 | 113.00 | 94.00 | 142.00 | 93.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 80.00 | 0.00 | 0.00 | -102.00 | 0.00 |
| Profit before tax | 82.00 | 78.00 | 82.00 | 94.00 | 115.00 | 116.00 | 134.00 | 92.00 | 108.00 | 139.00 | 190.00 | 207.00 | 113.00 | 94.00 | 40.00 | 93.00 |
| Current tax | 18.00 | 17.00 | 20.00 | 22.00 | 27.00 | 27.00 | 34.00 | 21.00 | 23.00 | 35.00 | 45.00 | 32.00 | 23.00 | 22.00 | 35.00 | 23.00 |
| Deferred tax | 1.00 | -1.00 | -4.00 | -0.00 | 1.00 | 0.00 | -2.00 | -0.00 | 0.00 | -3.00 | 0.00 | -1.00 | 2.00 | -0.00 | -1.00 | -0.00 |
| Tax expense | 19.00 | 16.00 | 16.00 | 22.00 | 29.00 | 27.00 | 33.00 | 21.00 | 23.00 | 33.00 | 46.00 | 32.00 | 25.00 | 22.00 | 34.00 | 23.00 |
| Profit for the period | 65.00 | 63.00 | 68.00 | 73.00 | 89.00 | 90.00 | 104.00 | 73.00 | 88.00 | 108.00 | 146.00 | 175.00 | 88.00 | 72.00 | 6.00 | 70.00 |
| Profit attributable to owners | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | 0.00 | — | 0.00 | 0.00 | 0.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | 0.00 | — | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -6.00 | 14.00 | 3.00 | -1.00 | -2.00 | 9.00 | -2.00 | -1.00 | 13.00 | -8.00 | 10.00 | 75.00 | -59.00 | -3.00 | -2.00 | 23.00 |
| Total comprehensive income | 59.00 | 76.00 | 71.00 | 72.00 | 86.00 | 99.00 | 101.00 | 72.00 | 100.00 | 99.00 | 156.00 | 251.00 | 29.00 | 69.00 | 4.00 | 94.00 |
| Earnings per share, basic | 5.75 | 5.59 | 6.06 | 6.50 | 7.89 | 8.06 | 9.24 | 6.54 | 3.91 | 4.79 | 6.53 | 7.82 | 3.91 | 3.21 | 0.27 | 3.14 |
| Earnings per share, diluted | 5.75 | 5.59 | 6.06 | 6.50 | 7.89 | 8.06 | 9.24 | 6.54 | 3.91 | 4.79 | 6.53 | 7.82 | 3.91 | 3.21 | 0.27 | 3.14 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,223.00 | 1,088.00 | 1,045.00 | 1,204.00 | 1,530.00 | 1,937.00 | 2,227.00 | 2,366.00 |
| Other income | 67.00 | 8.00 | 6.00 | 9.00 | 20.00 | 44.00 | 60.00 | 81.00 |
| Total income | 1,290.00 | 1,096.00 | 1,050.00 | 1,212.00 | 1,550.00 | 1,981.00 | 2,287.00 | 2,447.00 |
| Cost of materials consumed | 578.00 | 445.00 | 439.00 | 607.00 | 719.00 | 840.00 | 1,016.00 | 1,174.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | -13.00 | 7.00 | 46.00 | -36.00 | -5.00 | 22.00 | 13.00 | -49.00 |
| Employee benefit expense | 139.00 | 134.00 | 118.00 | 128.00 | 150.00 | 188.00 | 209.00 | 241.00 |
| Finance costs | 73.00 | 77.00 | 60.00 | 37.00 | 13.00 | 9.00 | 13.00 | 25.00 |
| Depreciation and amortisation | 48.00 | 53.00 | 52.00 | 49.00 | 49.00 | 51.00 | 61.00 | 104.00 |
| Other expenses | 381.00 | 363.00 | 256.00 | 257.00 | 327.00 | 412.00 | 447.00 | 476.00 |
| Total expenses | 1,206.00 | 1,078.00 | 971.00 | 1,043.00 | 1,253.00 | 1,523.00 | 1,758.00 | 1,972.00 |
| Profit before exceptional items and tax | 84.00 | 18.00 | 79.00 | 169.00 | 297.00 | 459.00 | 529.00 | 475.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -21.00 |
| Profit before tax | 84.00 | 18.00 | 79.00 | 169.00 | 297.00 | 459.00 | 529.00 | 454.00 |
| Current tax | 3.00 | 2.00 | 1.00 | 31.00 | 67.00 | 110.00 | 124.00 | 113.00 |
| Deferred tax | 15.00 | -72.00 | 22.00 | -1.00 | -5.00 | -0.00 | -2.00 | 0.00 |
| Tax expense | 18.00 | -70.00 | 24.00 | 30.00 | 62.00 | 110.00 | 122.00 | 113.00 |
| Profit for the period | 70.00 | 90.00 | 58.00 | 140.00 | 237.00 | 356.00 | 415.00 | 341.00 |
| Profit attributable to owners | — | 0.00 | — | 0.00 | 0.00 | — | — | 0.00 |
| Profit attributable to non-controlling interests | — | 0.00 | — | 0.00 | 0.00 | — | — | 0.00 |
| Other comprehensive income | -8.00 | -1.00 | 7.00 | -5.00 | 7.00 | 3.00 | 13.00 | 11.00 |
| Total comprehensive income | 62.00 | 89.00 | 65.00 | 135.00 | 245.00 | 359.00 | 428.00 | 352.00 |
| Earnings per share, basic | 6.25 | 7.99 | 5.14 | 12.52 | 21.17 | 31.69 | 18.50 | 15.20 |
| Earnings per share, diluted | 6.25 | 7.99 | 5.14 | 12.52 | 21.17 | 31.69 | 18.50 | 15.20 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 1,622.00 | 1,732.00 | 1,881.00 | 2,124.00 | 2,347.00 | 2,729.00 | 2,996.00 | 3,234.00 |
| Non-current assets | 824.00 | 844.00 | 851.00 | 907.00 | 1,020.00 | 1,033.00 | 1,253.00 | 1,279.00 |
| Current assets | 799.00 | 888.00 | 1,030.00 | 1,217.00 | 1,327.00 | 1,696.00 | 1,743.00 | 1,955.00 |
| Property, plant and equipment | 593.00 | 608.00 | 610.00 | 516.00 | 504.00 | 555.00 | 565.00 | 583.00 |
| Capital work-in-progress | 8.00 | 0.00 | 0.00 | 1.00 | 17.00 | 7.00 | 26.00 | 23.00 |
| Goodwill | 96.00 | 103.00 | 102.00 | 102.00 | 102.00 | 102.00 | 102.00 | 295.00 |
| Other intangible assets | 13.00 | 18.00 | 18.00 | 106.00 | 150.00 | 232.00 | 312.00 | 27.00 |
| Inventories | 281.00 | 279.00 | 262.00 | 230.00 | 267.00 | 243.00 | 272.00 | 301.00 |
| Trade receivables | 375.00 | 346.00 | 376.00 | 445.00 | 449.00 | 614.00 | 511.00 | 721.00 |
| Cash and cash equivalents | 83.00 | 82.00 | 116.00 | 110.00 | 98.00 | 159.00 | 119.00 | 169.00 |
| Total equity and liabilities | 1,622.00 | 1,732.00 | 1,881.00 | 2,124.00 | 2,347.00 | 2,729.00 | 2,996.00 | 3,234.00 |
| Equity | 1,132.00 | 1,279.00 | 1,415.00 | 1,604.00 | 1,754.00 | 1,999.00 | 2,244.00 | 2,306.00 |
| Equity share capital | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 |
| Other equity | 1,110.00 | 1,257.00 | 1,392.00 | 1,582.00 | 1,732.00 | 1,976.00 | 2,222.00 | 2,283.00 |
| Total liabilities | 490.00 | 453.00 | 466.00 | 520.00 | 593.00 | 731.00 | 752.00 | 928.00 |
| Non-current liabilities | 111.00 | 100.00 | 91.00 | 121.00 | 155.00 | 194.00 | 264.00 | 262.00 |
| Current liabilities | 380.00 | 352.00 | 375.00 | 399.00 | 438.00 | 537.00 | 489.00 | 666.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 0.00 | 0.00 |
| Trade payables | 220.00 | 213.00 | 229.00 | 194.00 | 211.00 | 280.00 | 210.00 | 288.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 141.00 | 310.00 | 180.00 | 365.00 | 127.00 | 432.00 | 165.00 | 314.00 |
| Net cash from investing activities | -9.00 | -167.00 | -109.00 | -279.00 | -105.00 | -316.00 | -137.00 | -220.00 |
| Net cash from financing activities | -133.00 | -145.00 | -37.00 | -59.00 | -34.00 | -67.00 | -68.00 | -122.00 |
| Purchase of property, plant and equipment | 16.00 | 47.00 | 29.00 | 31.00 | 40.00 | 66.00 | 62.00 | 120.00 |
| Net increase in cash | -1.00 | -2.00 | 34.00 | 27.00 | -12.00 | 49.00 | -40.00 | 10.00 |
| con:CFO.BEFORE_TAX | 165.00 | 376.00 | 223.00 | 472.00 | 175.00 | 559.00 | 219.00 | 425.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 24.00 | 66.00 | 43.00 | 108.00 | 48.00 | 127.00 | 54.00 | 111.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 2.00 | 1.00 | 5.00 | 6.00 | 1.00 | 2.00 | 4.00 | 23.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 59.29 | 59.29 | 59.29 | 59.29 | 59.27 | 59.27 | 59.27 | 59.27 | 59.27 | 59.27 | 0.59 | 0.59 | 0.59 | 0.59 |
| Domestic institutions | 1.76 | 2.02 | 2.92 | 2.64 | 2.30 | 2.55 | 2.97 | 3.67 | 4.39 | 3.78 | 0.04 | 0.04 | 0.06 | 0.07 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 2.17 | 0.02 | 0.02 | 0.03 | 0.06 |
| Insurance companies | 0.00 | 0.00 | 0.06 | 0.08 | 0.25 | 0.10 | 0.38 | 0.65 | 0.74 | 0.47 | 0.01 | 0.01 | 0.01 | 0.00 |
| Foreign institutions | 2.11 | 2.81 | 4.88 | 5.96 | 7.58 | 9.10 | 9.84 | 9.73 | 8.65 | 9.62 | 0.08 | 0.08 | 0.07 | 0.07 |
| Government | — | — | — | — | — | — | — | — | — | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 40.71 | 40.71 | 40.71 | 40.71 | 40.73 | 40.73 | 40.73 | 40.73 | 40.73 | 40.73 | 0.41 | 0.41 | 0.41 | 0.41 |
| Non-institutional | 36.84 | 35.88 | 32.90 | 32.11 | 30.85 | 29.07 | 27.91 | 27.30 | 27.65 | 27.29 | 0.28 | 0.28 | 0.28 | 0.27 |
| Shares outstanding | 112199965 | 112199965 | 112199965 | 112199965 | 112199965 | 112199965 | 224399930 | 224399930 | 224399930 | 224399930 | 224399930 | 224399930 | 224399930 | 224399930 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Elecon Middle East FZCO | Subsidiary | Any other transaction, Sale of goods or services | 285,126,000.00 | 8 |
| Radicon Transmission (Thailand) Ltd. | Entities with joint control or sig | Any other transaction, Purchase of goods or services | 259,604,000.00 | 21 |
| Elecon Peripherals Ltd. | Entities with joint control or sig | Any other transaction, Purchase of fixed assets, Pur | 237,388,000.00 | 7 |
| Prayas Engineering Ltd. | Promoter Group | Any other transaction, Purchase of goods or services | 203,670,000.00 | 8 |
| Power Build Pvt. Ltd. | Promoter Group | Any other transaction, Purchase of goods or services | 141,118,000.00 | 19 |
| TECH Elecon Pvt. Ltd. | Entities with joint control or sig | Any other transaction, Purchase of fixed assets, Pur | 126,742,000.00 | 8 |
| Akaaish Mechatronics Ltd. | Promoter Group | Any other transaction, Purchase of goods or services | 109,246,000.00 | 3 |
| Benzlers T.B.A B.V | Subsidiary | Any other transaction, Purchase of goods or services | 101,122,000.00 | 15 |
| Radicon Drive Systems INC. | Subsidiary | Any other transaction, Purchase of goods or services | 58,479,000.00 | 10 |
| Emtici Marketing LLP | Entities with joint control or sig | Any other transaction, Purchase of goods or services | 56,552,000.00 | 5 |
| Elecon Singapore Pte. Ltd. | Subsidiary | Any other transaction, Sale of goods or services | 55,714,000.00 | 11 |
| Prayasvin B. Patel | Key management personnel | Any other transaction, Remuneration | 47,314,000.00 | 2 |
| AB Benzlers | Subsidiary | Any other transaction, Purchase of goods or services | 44,048,000.00 | 13 |
| Radicon Transmission UK Ltd. | Subsidiary | Any other transaction, Purchase of goods or services | 37,838,000.00 | 6 |
| Prayas Engineering Company Limited | Promoter Group | Any other transaction, Purchase of goods or services | 36,719,000.00 | 4 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-18 | Q1FY27 | ELECON ENGINEERING COMPANY LIMITED | Read the call |
| 2026-04-22 | Q4FY26 | Read the call | |
| 2026-01-17 | Q3FY26 | PRIVATE LIMITED | Read the call |
| 2025-10-17 | Q2FY26 | COMPANY LIMITED | Read the call |
| 2025-07-17 | Q1FY26 | Read the call | |
| 2025-05-02 | Q4FY25 | DIRECTOR, OFFICER | Read the call |
| 2025-01-29 | Q3FY25 | DIRECTOR | Read the call |
| 2024-10-25 | Q2FY25 | Read the call | |
| 2024-07-23 | Q1FY25 | ASIAN, DIRECTOR, MAYANK | Read the call |
| 2024-04-26 | Q4FY24 | DIRECTOR, SERVICES | Read the call |
| 2024-02-02 | Q3FY24 | Read the call | |
| 2023-10-30 | Q2FY24 | DIRECTOR, ELECON ENGINEERING COMPANY | Read the call |
| 2023-07-18 | Q1FY24 | Read the call | |
| 2023-05-02 | Q4FY23 | Read the call | |
| 2023-02-03 | Q3FY23 | Read the call | |
| 2022-11-09 | Q2FY23 | Read the call | |
| 2022-07-27 | Q1FY23 | Kashyap Javeri:, Yes, previous quarter. | Read the call |
| 2022-05-17 | Q4FY22 | ENGINEERING COMPANY LIMITED | Read the call |
| 2021-08-13 | Q1FY22 | Read the call | |
| 2021-06-04 | Q4FY21 | MR. NARASIMHAN RAGHUNATHAN– CFO | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q3FY25 | Q3FY26 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | In PPT, it is mentioned that domestic steel and sugar industries are experiencing some challenges on the capex investment. | On the balance sheet front, we continue to maintain a robust financial position with a strong net cash balance of approximately INR600 crores, providi… | Understood and in this capex revival, the industry has seen very muted capex for last many years, we probably are seeing some green shoots are emergin… | My first question on the CAPEX, I believe after many years that we have announced substantial prices, your thoughts where do we intend to spend it? | But sir, without any major capex coming this year, how do you expect to do 1700 on the gear side? | In terms of your CAPEX this year, that number was roughly about Rs. | We started putting in the capex, which has completed in March 2025. | Several customers across key end-user industries recalibrated their capex schedules, leading to a shift in the business direction across the value cha… |
| Capital allocation | — | Any inorganic acquisition we are evaluating on that space? | I would put it this way that first of all this time when the dividend was declared it was debated a lot in the board room and the message that we want… | You were also looking at potential acquisition targets. | So, but this year, you haven’t given much dividend. | Are we seeing any inorganic acquisition opportunity there which can further strengthen our positioning with these clients? | The Board has recommended a final dividend of 150%, that is INR 1.50 per equity share, having face value of INR 1 each, subject to shareholders' appro… | The Board has recommended a final dividend of INR1.50 that is INR1.5 per equity share having a face value of INR1 each, which is subject to shareholde… |
| Costs | — | We don't see any increase because normally we look forward for the 6 months onward for the raw material prices for the booking the orders as well as t… | — | And the second part of the question would be to understand the raw material cost pressures, Q-on-Q we have seen a jump in RMC cost. | In regard to raw material costs, we have a one-off kind of things related to GST input credit of our other states other than Gujarat where, our utiliz… | — | — | In those cases, we would have already placed the orders or secured the prices for the raw material as soon as we received the order because we were ex… |
| Debt and cash | — | — | To add on further, the current level of debt is around Rs.245 crores and in the upcoming year we are looking to reduce it by around Rs.35 crores and i… | Lastly the interest costs because now your debt stands to reduce to zero in ‘23 but there would obviously be some working capital requirement during t… | So INR 6.5 crores net debt is the one-off expenses? | If I look at your cash flow statement, again, in 2H, we have had some inventory write-downs as well as some provision for bad debts totalling to almos… | Because that number in the cash flow statement is roughly INR 65 crores. | Profitability was impacted by operating deleverage due to lower revenue conversion, marginally higher employee costs, along with a change in the produ… |
| Demand | As of 31st December 2024, our order book stood at INR 684 crores, positioning us for sustainable growth in the upcoming quarters. | However, the underlying demand environment remains healthy. | And we feel that is the way to go forward because relying too much on the domestic front has its minuses also, no doubt India is a robust country with… | I wanted to understand what is the current demand scenario on ground because in your presentation you have mentioned that in April, we have received a… | Or how is it, I mean, how are you seeing the demand there? | And my second query is, in terms of the demand environment, which you're seeing in end users, with steel, cement, power, sugar. | This resurgence has been driven by robust demand in both domestic and international markets. | This quarter's performance was primarily impacted by a slower conversion of the order pipeline into revenue, in line with a broader industry trend of … |
| Guidance | Given the market conditions and the challenges faced in certain sectors, we find it necessary to revise our revenue guidance for FY '25 with an antici… | We expect margins to normalize as volumes pick up. | So, what is the status of that and when do we expect that to getting over? | Considering that we expect that we will have healthy profitability and higher profitability than what we had last year in absolute value. | And by when can we expect one or two such approvals to come in? | So, first question is actually a repetition of the previous participant’s, which is about the guidance for 2025. | We are pleased to report that we have successfully achieved our annual guidance for FY'25 alongside delivering the highest ever quarterly and annual r… | We expect margins to improve gradually as execution accelerates and volumes pick up. |
| Margin | Consequently, our EBITDA margin improved to 27% compared to 25.4% in Q3 FY '24. | Consolidated EBITDA for the quarter was INR109 crores compared to INR143 crores in Q3 FY '25, translating into an EBITDA margin of 19.8 percentage. | So, if you could just try to explain as what right things we have done as I think these efforts have been going since last 2-3 years and how sustainab… | What kind of margin actually you will make at that kind of business? | That is only cost for this year when you see the reduction in the gross margin. | 2,225 crores of revenue for FY24 with a sustainable EBITDA margin of 24%, of which Rs 364 crores we are expecting from MHE division and balance from G… | Consequently, our EBITDA margin improved to 24.5% compared to 24.0% in Q4 FY'24, a 50- basis points improvement. | Consolidated EBITDA for the quarter stood at INR158 crores, with a margin of 21.2%. |
| People | — | — | Okay on what is the current utilization levels of our gear factory and our material handling factory, if we had to put a number to it? | That also should happen because of the fact that the utilization of the assets is going to further increase which means that my fixed cost will go dow… | Can you give me utilization levels on the MHE among the gear currently business currently for the year? | So, my first question is, in terms of the capacity utilization, sir, last quarter, it was about 76% I understand. | — | My last question, first thing about what is our current capacity utilization level in Q4? |
| Pricing | — | I mean, compared to say previous cycle for 2000-2007, how do you see the competition, competitor, pricing and what, I mean, ability we have added in t… | So, what is your take on these price hikes? | Normally no, because what has happened is this time over everyone has started accepting the fact that the prices have increased and they are willing t… | — | — | So we are not expecting a severe difference in pricing because of this. | And secondly, I try to understand our pricing power. |
| Revenue growth | On the domestic market front, we achieved a growth of 16.4% on a year-on-year basis, primarily due to the support from power, marine and other sectors… | For the quarter ended December 2025, our consolidated revenue from operations stood at INR552 crores compared to INR529 crores in Q3, FY25, reflecting… | How should we see the top line and bottom line for this, should we see a much lower scale of top line and also how you're thinking on the profitabilit… | No, I am talking about growth of the gear turnover individually. | And what seems to be giving us the confidence since the order book is not growing, what is giving us the confidence of achieving INR1,700 crores of to… | I will answer your first question about revenue growth. | For the fourth quarter ended March 2025, our consolidated revenue from operations stood at INR 798 crores, reflecting a robust growth of 41.3% on a ye… | During the quarter, consolidated order inflows stood at INR657 crores, registering a year-on-year growth of about 1.9%. |