If the argument of the department that balancing charge should be read as cit vs. Out of this, mhe orders are 50 cr and gears are 340 cr. Get the latest elecon engineering company limited news, company updates, quotes, offers, annual financial reports, graph, volumes, 52 week high low, buy sell tips, balance sheet, historical charts, market performance, capitalisation, dividends, volume, profit and loss account, research, results and. Triveni engineering, elecon engineering, bharat forge and a belgian co. View elecon business summary and other industry information. The company caters to the needs of various sectors like steel, fertilisers. The average cycle time for execution of contract for mhe is around 14 months and for gear. Elecon engineering companys subsidiary company namely elecon epc projects limited, has been awarded a.
Elecon engineering company directors report the economic times. It is classified as nongovt company and is registered at registrar of companies, ahmedabad. Elecon engineering company limited book closure elecon engineering company receives order track coronavirus pandemic in india and get the latest covid19 news from around the world on. Natl india including stock price, stock chart, company news, key statistics, fundamentals and company profile. See who you know at elecon group, leverage your professional network, and get hired.
Narasimhan r is chief financial officer at elecon engineering co ltd. Elecon engineering company ltd, anand sojitra road, vallabh. In 1995, elecon established its alternate energy division, for the design and manufacture of wind turbines. Elecon is one of asias largest gear manufacturing company with vast experience of about six decades and significant business presence in india and abroad. In 2012, elecon engineering secured two prestigious orders. Ebitda equigrade analytical power for investment decisions elecon engineering company limited industrial machinery care equity research maintains fundamental grade of 45 on elecon engineering company limited eecl. Watch videos, top stories and articles on business at. Within this, 55% is constituted by the power and mining sector, sugar accounts for 10%, and the balance is constituted by various industries like cement, steel, plastic, ports, etc. Apr 11, 2017 the book value of elecon engineering company ltd is 50. It was one of the first to introduce the concept of mechanized bulk material handling equipment in india. Elecon engineering was established in 1951 in goregaon, mumbai by ishwarbhai b. Mar 12, 2018 elecon engineering company ltd on friday said that it has procured an order worth rs. In october 2010, elecon acquired the benzlersradicon group, the power transmission division of ukbased david brown ltd. Elecon engineering company limited share price today, live nse stock price.
Elecon engineering has always been at the forefront of innovations and technology in the manufacturing and engineering sector. With the existing order book, there is good revenue visibility for fy12. Eel has also submitted bids worth 5000 cr and expects a hit ratio of 2025%. Company and care equity research eecls stock down 25. The pending order book for mhe business now stands at rs. Elecon have geared themselves for tomorrow by setting up one of the largest edp centres in the indian engineering industry. Elecon is a company with international standards and worldclass capabilities, and today stands as asias largest gear manufacturer and an integrated solution provider for entire value chain in material handling systems. Ncc limited formerly nagarjuna construction company. Elecon engineering bags rs 104 crore order from bhel the. The second question is on the order book visibility and the sectors you are.
Elecon engineering bags order from bhel this win is a big achievement for all of us at elecon as we continue to maintain a healthy order book month on month. Elecons product range and field expertise in material handling equipment is unsurpassed. The gear businesss standalone order book now is about f 722 crore. On the material handling equipment, over last few years, it has performed pretty badly on the back of very tepid economic and industrial growth. Limited manufactures a wide variety of material handling equipment.
Elecon started its journey of excellence sixtyseven year ago and today, our business model comprises. Elecon engineering company limited, vallabh vidhyanagar. Sep 16, 2015 video financial reporting why invest in is the first financial video platform where you can easily search through thousands of videos describing global securities. This is the verbatim transcript of elecon engineering management call with. Company and care equity research eecl s stock down 25.
The outstanding order book position on jan 31, 2011 is 1690 crores. Elecon engineering won an order worth rs 247 crore on monday. Elecon engineering company limited share price today. Elecon engineering company limited is a public incorporated on 11 january 1960. Elecons industrial gear boxes now cater to larger theme, with a diversified clientele. Mar 12, 2018 elecon engineering company ltd on wednesday announced that its subsidiary elecon epc projects ltd has been awarded an order worth. For 2qfy2016, elecon engineering company elecon reported standalone numbers broadly below our estimates, except at the operating level. Elecon engineering company limited company, directors. Elecon engineering bags rs 104 crore order from bhel. Cit a in his order that the assessee company has paid rs. Elecon engineering company news elecon engineering company.
Buy elecon engineering multibagger multibagger stocks. However, the operating performance improved significantly, led by a 1,516bp yoy decline in raw material cost to 43. Elecon engineering company limited is an indian company specialised in the manufacture of industrial equipments. Elecon engineering bags order from bhel india infoline. Elecon engineering company limited is an indian company specialised in the manufacture of.
Elecon gearbox elecon et series helical gear boxes. Find market predictions, elecon financials and market news. Ashish kapur, invest shoppe india while the order book has shown a traction of 43% and there are visible signs of recovery in elecon, orient bel will benefit from the housing boom, says kapur. Key monitorables would be order inflow and margin improvement. It is a big achievement for all at elecon as we continue to maintain a healthy order book month on month.
Transcript elecon engineering company limited q2 fy19. For more details, kindly click here elecon engineering company compliancescertificate under reg. The average cycle time for execution of contract for mhe is. For a forwardlooking organisation like elecon, modernisation is the watchword.
Elecon engineering co ltd company profile and news. The company caters to the needs of various sectors like steel, fertilisers, cement, coal, lignite and iron ore mines, sugar, power stations and port mechanization inindiaand abroad. These were the prestigious orders for elecon given the strategic importance of the defence sector in india. Elecon gearbox we deals with elecon engineering company ltd products. It operates through the material handling equipment and transmission equipment. Elecon engineering pares early losses on new order win. Elecon engineering company has received prestigious order of rs. The total order book position of elecon is rs6bn of which rs4. For ratings at other input speed please consult elecon. Material handling equipment elecon elecon engineering. Elecon bags new gearbox order, says may miss export target. Prayasvin b patel is chairmanmanaging director at elecon engineering co ltd. About elecon engineering company limited elecon engineering company ltd bse code. Dec 22, 2007 the acquisition would have helped as the shipbuilding firm has an order book of over rs 1,200 crore.
Elecon engineering company ltd has informed bse that the company has been awarded prestigious order of rs. For rating marked consult elecon gear ratio output speed r. Due to weak earnings, we have downgraded the target multiple to 1. Dear sir, we are pleased to introduce you our company elecon engineering company limited, engaged in manufacturing and marketing of bulk material handling equipments for turnkey projects and power transmission products globally like various types of gear boxes, geared motors, couplings, etc. Now given that and given the fact that we are expecting industrial growth to pick up going forward, the material handling equipment should do very well going forward. By focusing on the unique needs of hotels, the company has established itself as one of the worlds preeminent providers of hitech customized guest room amenities.
Elecon engineering bags two prestigious orders engineering. Elecon is one of the largest manufacturers of material handling equipments and industrial gears. While, the company continues to boast of a healthy order book, we stay watchful on the additions to order book going forward, which would be crucial in maintaining our projections. Now given that and given the fact that we are expecting industrial growth to pick up going forward, the material handling equipment should do very well going. Anand sojitra road vallabh vidyanagar 388120 gujarat, india. Elecon engineering stock price today markets insider. August 02, 2011 on the performance of elecon engineering company ltd. Prayasvin patel, cmd of elecon engineering says the companys total order book stands at around rs 1,710 crore.
The order book has shown a traction of 43% and there are visible signs of recovery happening in this segment. It has been given the order for design, engineering, manufacturing, supply, erection, testing and commissioning of thre. Elecon is one of the largest asian manufacturers of material handling equipment, industrial gear systems and mining equipment. Elecon supplied codog gear boxes for stealth frigate batue ships namely shivalik, satpura and sahyadri. Established in 1951, elecon engineering company ltd of vallabh vidyanagar, gujarat, india, pioneered the manufacture of material handling equipment. Elecon eng share price, elecon eng stock price, elecon. Elecon engineering company limited company, directors and. The order book has shown a traction of 43% and there are visible signs of recovery. Elecon engineering company ltd has submitted to bse a copy of press note as on the date of board meeting i. Elecon engineering company limited price vs book value. Elecon engg wins rs 29 cr order from bhel the hindu. Elecon engineering company limited established in 1951, elecon engineering co. Ecommerce orders gradually scaling back to prelockdown level.
Elecon engineering has two divisions material handling and transmission. Elecon engineering company ltd is engaged in delivering power transmission solutions and material handling equipment. Healthy order book provides revenue visibility cent in q1fy11. Finally, i choose elecon eng for 20% plus returns in 3 months time frame. Prayasvin patel, cmd of elecon engineering says the companys total order book stands at. This win is a big achievement for all of us at elecon as we continue to maintain a healthy order book month on month. Stock elecon engineering stock price today markets insider. Ltd from indias independent mutual fund research house. Elecon engineering company limited q4 fy 19 earnings. The ratings are based on service factor of 1, continuously transmitted for 12 hoursday with normal overload of 100% momentarily for 15 seconds, 40% for 30 minutes, 25% for 2 hours. That is precisely why they continuously update their production technology through frequent capital and infrastructural investments. Elecon engineering company ltd award of order of rs. Elecon engineering company limited 10 years price vs book value, dividend yield, annualised growth rates, dcf, graham, eps growth and pe valuation prices and other key metrics.
Sugar, spongeiron and the defence sector are the new faces among the clientele list. The companys products include bucket elevators, belt conveyors, gravity roller conveyors, bag filling. Since then, the company has grown to become the single largest company having a composite range of almost all types of bulk material handling equipment and products to choose from. Elecon engineering, manufacturer of material handling equipment and transmission products, has been given an order worth rs 46. Elecon engineering company ltd has submitted to bse the shareholding pattern for the period ended december 31, 2019. View live elecon engineering chart to track its stocks price action. Share price, corporate actions, valuation, research report, financials and more complete track record of elecon engineering co. Get the latest elecon engineering stock price and detailed information including news, historical charts and. The company holds total unexecuted orders about rs.