SSelectStock

ELECONElecon Engineering Company Limited

Capital Goods · Specialty Industrial Machinery · NSE · as of 2026-09-11 (delayed ~30 min in market hours)

Elecon Engineering Company Limited manufactures and sells industrial gears and material handling equipment in India and internationally. The company operates in two segments, Material Handling Equipment and Transmission Equipment. It offers helical and bevel helical, planetary, worm, wind turbine, marine, and custom-built gear boxes; and customized gear boxes, loose gears, and couplings. The company also provides material handling equipment, such as raw material handling systems, stackers, scrapers/reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers and associated equipment, feeders, idlers and pulleys, magnates/weighers/detectors, port equipment, and cable reeling drums; and alternate energy products. In addition, it engages in the ferrous and non-ferrous foundry business. Further, the company offers gearbox repair and refurbish services; and material handling equipment support services. It serves cement, sugar, defense, steel, mineral, metal, mining, power, plastic, material handling, chemical, crane, paper, rubber, marine, and fertilizer industries, as well as windmills. Elecon Engineering Company Limited was founded in 1951 and is based in Vallabh Vidya Nagar, India.

422.10
0.38%
42Weak

Mkt Cap
₹9,459 Cr
P/E
41.2
P/B
4.1
Div Yield
0.37%
52W High
₹632.51
52W Low
₹351.00

Price & Volume

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Key Ratios

Market Cap (₹ cr)9,458.80
P/E41.18
P/B4.13
PEG
ROE %14.80
ROCE %16.60
Debt / Equity0.12
EPS10.25
Revenue Growth %6.10
Profit Growth %-59.80
Dividend Yield %0.37
Promoter Holding %63.16
FII Holding %10.67
DII Holding %
Beta0.49

“—” means the figure isn't meaningful or isn't published for this company: ROE and Debt/Equity are undefined when shareholder equity is negative (check P/B — negative means negative equity), and DII/MF holding splits aren't provided by our current data source.

Active Pattern Signals

AVOIDConviction 70%

Why avoid

  • A bearish pattern is active and overall evidence is mixed
  • Revenue growth: 6.1% YoY
  • Profit growth: -59.8% YoY
  • Price vs EMA21: below
  • Price vs SMA50: below
  • Double Top bearish signal (setup quality 62%)

Bull case

  • ROCE: 16.6%
  • Debt/Equity: 0.12
  • Promoter holding: 63.2%
  • MACD: bullish

Bear case

  • Revenue growth: 6.1% YoY
  • Profit growth: -59.8% YoY
  • Price vs EMA21: below
  • Price vs SMA50: below

Key risks

  • Revenue growth: 6.1% YoY
  • Profit growth: -59.8% YoY

Algorithmic analysis for research only — not SEBI-registered investment advice.

Trade Plan

Entry (CMP)
₹422.10
Stop Loss
₹402.14
risk 4.7%
Target 1 (1.5R)
₹452.04
+7.1%
Target 2 (3R)
₹481.99
+14.2%
Support (20d)
₹406.20
Resistance (52w)
₹632.51
Risk : Reward
1 : 1.5 → 1 : 3
risking ₹19.96/share
ATR (volatility)
₹14.00
avg daily range

Stop = 20-day support with a 2.5×ATR risk cap (ATR ₹14.00). Levels recompute on every data refresh. Position sizing and execution are yours — this is analysis, not advice.

Score Breakdown

Fundamental52
Technical29
Momentum41
Risk (safety)49

Peers — Capital Goods

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