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Stock Screener·India·Industrials·ELECON.NS
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Elecon Engineering Company Limited Stocks

₹ 464.35Last Updated 17.07.2026

Issuer Rating

5/7
Performance

Average

Risk

Limited

Recommendation

Hold

Market Cap

₹ 1.20B

₹ 464.35
Key Takeaways

Risk factor

Fair trading liquidity

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Data is available to registered users only

Profitability factor

Very strong margins and returns

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Data is available to registered users only
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Risks

  • Default risk
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  • Volatility
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  • Selling difficulty
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  • Stress test
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  • Country risks
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  • Other risks
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About

Elecon Engineering Company Limited specializes in the production and global distribution of power transmission and material handling machinery. Its business activities are categorized into two primary divisions: Material Handling Equipment and Transmission Equipment. The Transmission Equipment division offers a comprehensive array of gearboxes, including helical, bevel helical, planetary, worm, high-speed, and specialized models for wind turbines and marine applications, alongside custom-engineered solutions. This segment also supplies loose gears, vertical roller mill drives, and a variety of industrial couplings such as geared, flexible, fluid, scoop-controlled variable speed fluid, and torsion shaft types, in addition to elevator traction machines. Within its Material Handling Equipment segment, Elecon delivers systems for processing raw materials, alongside specialized machinery like stackers, scrapers, reclaimers, bagging and weighing apparatus, wagon and truck loading systems, crushers, wagon tipplers with complementary gear, feeders, idlers, pulleys, magnetic separators, weighers, detectors, port-specific equipment, and cable reeling drums. Beyond its core manufacturing, the company also operates a ferrous and non-ferrous foundry, develops alternative energy products, and extends its service offerings to include repair and refurbishment for gearboxes, as well as support services for material handling equipment. Its diverse clientele spans sectors such as cement, sugar, defense, steel, mining, power generation, plastics, chemicals, palm oil, paper, rubber, marine, and fertilizer production, in addition to serving crane manufacturers, material handling operations, wind power facilities, and ports. Established in 1951, the firm maintains its headquarters in Vallabh Vidyanagar, India.

Company Valuation

Slightly overvalued
3/7

Considering past and projected metrics, the stock is moderately 'expensive' compared to its peers. In particular, the stock is reasonably priced on P/E, of fair value on

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Target Price

Neutral
4/7

The average target price of ELECON.NS is 506 and suggests 9.03% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommend

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Risks

  • Default risk
    Data is available to registered users only
  • Volatility
    Data is available to registered users only
  • Selling difficulty
    Data is available to registered users only
  • Stress test
    Data is available to registered users only
  • Country risks
    Data is available to registered users only
  • Other risks
    Data is available to registered users only
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