Elecon Engineering Company Ltd
About
Elecon Engineering Company was founded by Ishwarbhai B. Patel in Mumbai in 1951 to produce conveyor systems. Today, after relocation to Vidya Vallabh Nagar, Gujarat, in 1960, Elecon is a leading company in the engineering, procurement, and construction (EPC) industry with a focus on bulk material handling equipment. Its material handling equipment (MHE) offers stacker reclaimers, crushers, feeders, conveyors,wagon tipplers, and more. As Asia’s largest gearbox manufacturer, Elecon has introduced the Indian market to modular design concepts, case-hardened, and advanced ground gear technologies. The gear division of the company, centred at the Bhanubhai Memorial Centre of Excellence (BMCE), thus caters to several industries like sugar, steel, marine, power, and defence, to name a few.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1966 26.2% | 1558 23.9% | 1258 25.0% | 1006 -7.8% | 1091 -16.5% | 1307 12.7% | 1160 -3.7% | 1204 -10.4% | 1344 2.2% | 1316 3.2% | 1276 -15.9% | 1517 -5.8% | 1611 19.6% | 1348 27.5% | 1057 -1.4% | 1072 - |
| Net Operating Income (INR Cr) | 1937 26.66% | 1530 26.22% | 1212 16.04% | 1044 -4.04% | 1088 -11.13% | 1225 3.78% | 1180 -1.77% | 1202 -6.16% | 1280 -3.65% | 1329 2.78% | 1293 -15.32% | 1527 -5.35% | 1613 25.61% | 1284 0.00% | 1067 11.55% | 957 15.92% |
| Profit (INR Cr) | 356 49.7% | 238 69.1% | 140 143.8% | 58 -35.8% | 90 27.9% | 70 836.1% | 7 -30.3% | 11 -71.2% | 37 128.7% | 16 19.0% | 14 -23.4% | 18 -70.7% | 61 -32.1% | 90 36.0% | 66 15.2% | 57 - |
| Assets (INR Cr) | 1710 24.4% | 1374 9.9% | 1250 -4.5% | 1309 -5.5% | 1386 0.9% | 1373 1.4% | 1355 0.9% | 1342 -3.2% | 1387 11.9% | 1240 -7.7% | 1343 -4.3% | 1403 18.0% | 1188 1.8% | 1168 37.7% | 848 -2.3% | 867 - |
| Net Worth (INR Cr) | 1604 25.4% | 1279 21.8% | 1050 14.3% | 919 7.6% | 854 11.2% | 768 8.4% | 709 -0.1% | 710 0.8% | 704 31.5% | 536 0.7% | 532 -0.5% | 535 16.5% | 459 9.6% | 418 0.0% | 326 18.4% | 275 16.3% |
| Employee Cost (INR Cr) | 188 25.9% | 150 16.8% | 128 8.7% | 118 -11.9% | 134 -3.6% | 139 1.0% | 138 -10.0% | 153 1.2% | 151 5.4% | 143 -17.7% | 174 -5.8% | 185 27.9% | 144 85.4% | 78 91.7% | 41 0.5% | 40 - |
| Interest Cost (INR Cr) | 9 | 14 | 38 | 60 | 78 | 74 | 75 | 90 | 83 | 87 | 80 | 90 | 72 | 60 | 58 | 58 |
| Cash & Bank Balance (INR Cr) | 263 | 210 | 112 | 141 | 107 | 76 | 83 | 93 | 45 | 32 | 22 | 32 | 19 | 27 | 39 | 61 |
| Total Debt (INR Cr) | 70 | 52 | 151 | 335 | 420 | 548 | 590 | 583 | 629 | 552 | 633 | 697 | 665 | 648 | 522 | 592 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 18.1% | 15.2% | 11.2% | 5.7% | 8.2% | 5.4% | 0.7% | 0.9% | 2.8% | 1.2% | 1.1% | 1.2% | 3.8% | 6.7% | 6.3% | 5.4% |
| Profit As % Of Assets | 20.8% | 17.3% | 11.2% | 4.4% | 6.5% | 5.1% | 0.6% | 0.8% | 2.7% | 1.3% | 1.0% | 1.3% | 5.1% | 7.7% | 7.8% | 6.6% |
| Profit As % Of Networth | 22.2% | 18.6% | 13.4% | 6.3% | 10.5% | 9.1% | 1.1% | 1.5% | 5.3% | 3.1% | 2.6% | 3.4% | 13.3% | 21.5% | 20.3% | 20.9% |
| Interest Cost to EBITDA % | 1.9% | 4.1% | 15.4% | 32.5% | 55.1% | 52.5% | 59.9% | 51.5% | 48.2% | 49.5% | 50.9% | 47.4% | 33.6% | 30.7% | 37.1% | 36.4% |
| Debt to Equity Ratio | 0.04 | 0.04 | 0.14 | 0.36 | 0.49 | 0.71 | 0.83 | 0.82 | 0.89 | 1.03 | 1.19 | 1.30 | 1.45 | 1.55 | 1.60 | 2.15 |
| RONW | 24.7% | 20.4% | 14.3% | 6.5% | 11.1% | 5.3% | 1.1% | 1.5% | 4.3% | 2.7% | 2.6% | 8.5% | 13.8% | 17.6% | 18.1% | 22.4% |
| ROCE | 30.8% | 23.9% | 16.3% | 10.5% | 7.0% | 9.2% | 5.9% | 9.8% | 9.7% | 8.9% | 8.1% | 12.9% | 14.9% | 13.9% | 15.5% | 19.3% |