My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else

Elecon Engineering Research Report - 16th Dec 2015

Capital Goods | Published on May 20th 2010


Elecon Engineering (EEC) is a leading and experienced Material Handling Equipment (MHE) turnkey solutions and Gear provider for the core sectors of the economy such as Power, Steel and Infra. Additionally, over the years, the company has built a strong domain expertise in coal-handling. Hence, we believe that EEC is well placed to capitalise on the burgeoning industrial capex (that majorly comprises of power). We estimate the company to register a CAGR of 13.5% in Sales and of 37% in Adj. Profit over FY2010-12E. At Rs79, the stock is trading at attractive valuations of 7.7x FY2012E Earnings and 5x FY2012E EV/EBITDA. We Initiate Coverage on the stock, with a Buy recommendation.

Download Full Report


Target Price
Investment Period

Stock Info

MCAP BSE (Rs in Cr)749.58
MCAP NSE (Rs in Cr)750.67
P/E (x)21.48
EPS (Rs.)3.20
BV (Rs.)49.48
Div Yield (%)1.60
FV (Rs.)2.00
P/BV (x)1.33
EV/Sales (x)1.14
EV/EBITDA (x)11.47

Shareholding Pattern (%)

Public & Others31.0
Grand Total100.0

Trade Securely


Portfolio Tracking & Trading Application View Demo