Risk factor
Very poor trading liquidity
Profitability factor
Strong margins and returns
About
Eimco Elecon (India) Limited is an Indian company that specializes in the manufacturing and distribution of robust machinery for both the mining and construction sectors. Its extensive product portfolio features a diverse range of equipment, including side dump loaders, load haul dumpers, coal haulers, roof bolters, shuttle cars, complete continuous miner packages, universal drill machines, articulated wheel loaders, various foundation equipment, low profile dump trucks, rocker shovel loaders, and advanced underground transport systems. Additionally, they provide piling rigs, air motors, and chair lift man-riding systems. Beyond its domestic market in India, the company also ships its products to countries in Southeast Asia and across the African continent. Founded in 1974, Eimco Elecon (India) Limited is headquartered in Vallabh Vidyanagar, India.
Company Valuation
Based on key historical and expected multiples, the stock is overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EBITD.
Target Price
The average target price of EIMCOELECO.NS is 2106 and suggests 9.47% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommenda