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India
As of 18 Sept 2026, 03:30 pm
As of September 18, 2026, the daily trend for Elecon Engineering Co. shows a bearish SuperTrend direction with the closing price at ₹421.2, below the 20-day Exponential Moving Average (EMA) of ₹423.4 and the 50-day EMA of ₹440.1. The weekly trend, however, indicates a bullish SuperTrend direction. Key support levels to monitor are ₹420.7 (1.33% below current price) and ₹413.9 (1.73% below current price), while resistance is noted at ₹426.8 (1.33% above current price) and ₹433.6 (2.94% above current price).
Elecon Engineering Co. has scheduled investor and analyst meetings. On August 3, 2026, the company announced an analyst meet and plant visit for August 5, 2026. Subsequently, on August 25, 2026, it announced further in-person group meetings with investors and analysts in Mumbai on September 3, 2026, as part of the 'Ashwamedh – Elara India Dialogue 2026' hosted by Elara Capital. The company has stated that discussions will be based on publicly available information only.
Elecon Engineering Co.'s stock has experienced varied returns across different timeframes up to September 18, 2026. It saw a return of 2% in the last trading day. However, over longer periods, the returns have been negative: -3% in 10 days, -3% in 1 month, -21% in 3 months, -12% year-to-date, and a significant -32% in the last year. The return since the start of trading is reported as -34%.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹520.56 crore | PEAK₹745.61 crore | ₹551.74 crore | ₹578.13 crore | ₹490.57 crore |
| Finance Costs | PEAK₹8.11 crore | ₹6.25 crore | ₹6.82 crore | ₹5.69 crore | ₹6.15 crore |
| Expenses | ₹449.31 crore | PEAK₹621.02 crore | ₹476.62 crore | ₹483.46 crore | ₹390.96 crore |
| Profit Before Tax | ₹93.16 crore | ₹40.39 crore | ₹93.97 crore | ₹112.99 crore | PEAK₹206.51 crore |
| Tax Expense | ₹22.81 crore | PEAK₹34.39 crore | ₹21.98 crore | ₹25.27 crore | ₹31.68 crore |
| Profit Loss For Period | ₹70.35 crore | ₹6 crore | ₹71.99 crore | ₹87.72 crore | PEAK₹175.44 crore |
Elecon Engineering Co. Ltd. reported revenue of ₹520.56 crore for the quarter ended 30 June 2026, a 6.1% increase year-over-year. However, total expenses rose 14.9%, and finance costs increased 31.9%, leading to a 59.9% decline in net profit to ₹70.35 crore. Profit before tax fell 54.9% to ₹93.16 crore.
Within total expenses, finance costs rose 31.87% to ₹8.11 crore from ₹6.15 crore in the same quarter last year, contributing to the higher overall expense base. Tax expense decreased in absolute terms to ₹22.81 crore from ₹31.68 crore. However, as a percentage of profit before tax, the tax burden increased from 15.3% to 24.5%, further reducing the final net result.
Net profit for the quarter settled at ₹70.35 crore, a decrease of 59.9% from ₹175.44 crore in the comparable quarter of the previous fiscal year. Other comprehensive income (OCI) was ₹23.35 crore, down 68.91% from ₹75.10 crore a year earlier. While OCI remained positive in the current quarter, the substantial reduction from the prior year contributed to a lower total comprehensive income compared to the previous first quarter.
Revenue grew modestly year-over-year, but total expenses—including a significant rise in finance costs—increased at a much faster pace. As a result, net profit nearly halved compared to the same quarter last year. The quarter illustrates that top-line growth did not translate into higher earnings because expense growth outpaced revenue growth.
Exchange disclosures and regulatory announcements for Elecon Engineering Co.
Elecon Engineering Company Limited announced on August 25, 2026, that its officials will hold in-person group meetings with investors and analysts in Mumbai on September 3, 2026, at 10:00 a.m. IST as part of the Ashwamedh – Elara India Dialogue 2026 hosted by Elara Capital. The company confirmed that discussions will rely solely on publicly available information, no presentations will be made, and no unpublished price-sensitive information will be shared during the interaction.
ELECON Engineering Company Limited has scheduled an institutional investor meeting titled 'Ashwamedh - Elara India Dialogue 2026' to be held in-person in Mumbai on September 3, 2026, at 10:00 AM. The event will feature the company's Chief Financial Officer and division heads meeting with representatives from Investors Group, including Mr. Chintan Shah, Mr. Dipak Dalwadi, Mr. Kaushik Patel, and Mr. Ashish Jain. The meeting is hosted by Elara Capital, with Mr. Harshit Kapadia designated as the contact person for coordination.
Elecon Engineering Company Limited published a reminder notice on August 5, 2026, in The Business Standard and Jay Hind newspapers regarding a special window for re-lodgment of transfer requests for physical securities.
Elecon Engineering Company Limited will hold an Analyst Meet on August 5, 2026, at 10:00 AM at its Registered Office in Vallabh Vidyanagar. The in-person group meeting, involving a plant visit, is scheduled with a group of investors and the company's management. Ashish Jain is the contact person for this intimation.
Elecon Engineering Company Limited will host a plant visit for investors and analysts on August 5th, 2026, at 10:00 a.m. IST. Discussions will be based on publicly available information, and no unpublished price-sensitive information will be shared. The company is requesting condonation for the delayed filing of this intimation.
Elecon Engineering Company Limited's members approved the appointment of Mr. Pranav C. Amin as a Non-Executive & Independent Director for a second five-year term. The resolution, deemed passed on July 31, 2026, received 94.63% of the votes in favor. The e-voting period concluded on July 31, 2026.
Elecon Engineering Company Limited held an earnings conference call on July 13, 2026, to discuss Q1 FY27 results. The Gear division reported revenue of INR416 crores, a 16.3% year-on-year increase, with international revenue growing 37.6%. The Material Handling Equipment (MHE) division saw a 2.9% revenue decline to INR105 crores due to project execution delays, though order intake grew 38.1%. Consolidated revenue was INR521 crores, up 11.9%, with EBITDA at INR109 crores and profit after tax at INR70 crores.
On July 16, 2026, Elecon Engineering Company Limited announced an updated credit rating for its Rs. 400 crore bank facilities from ICRA Limited. The rating for the long-term/short-term fund-based and non-fund-based facility was reaffirmed as [ICRA]AA (Positive).
Recent market and company developments associated with Elecon Engineering Co.
Vijay Kedias investment approach is built as much around discipline as opportunity. He is willing to buy stocks after sharp declines but refuses to chase them when valuations move beyond his comfort zone. As mutual funds, family offices and other investors crowd into emerging businesses, Kedia is increasingly looking at SMEs, unlisted companies and startups for opportunities that offer attractive valuations and growth potential.
Comprehensive Section Breakdown for Elecon Engineering Co
Strategic Vision: Designs and manufactures industrial gears and material handling equipment.
• Designs and manufactures industrial gears and material handling equipment.
• Provides erection and commissioning solutions for its products.
• Operates a Foundry Division supporting manufacturing capabilities.
• Offers a Condition Monitoring System to enhance equipment efficiency.
Total revenue from operations was ₹520.56 crore, up 6.11% from ₹490.57 crore in the corresponding quarter of the previous fiscal year. Sequentially, revenue declined 30.18% from ₹745.61 crore in the preceding quarter (ended 31 March 2026), which was the highest level among the available quarters. This pattern indicates quarterly fluctuations in operational volume. Reported segment revenue matched total revenue exactly at ₹520.56 crore, showing no separate segment-level variance in this period.
Total expenses, which encompass all operating and financing charges, increased to ₹449.31 crore, a rise of 14.92% from ₹390.96 crore in the prior-year quarter. Because expenses grew at more than twice the rate of revenue (14.92% versus 6.11%), profit before tax contracted sharply. PBT fell to ₹93.16 crore, down 54.89% from ₹206.51 crore a year earlier. On a sequential basis, PBT improved from ₹40.39 crore in the March 2026 quarter, but the year-over-year decline reflects the faster growth in expenses relative to sales.
Category: Manufacturing
Manufactures a range of power transmission equipment including various types of gearboxes, couplings, and elevator traction machines, offering custom-built solutions.
Key Products & Services: Radicon • Benzlers
Category: Manufacturing
Manufactures raw material handling systems and undertakes projects related to material handling equipment and systems for industries like mining, cement, and power generation.
Category: Manufacturing
Operates a Foundry Division that contributes to its manufacturing capabilities.
Core Thesis: The company integrates manufacturing capabilities across power transmission, material handling, and foundry operations to offer comprehensive industrial solutions.
• Integrated Manufacturing: Leverages its manufacturing units in Gujarat and a Foundry Division to produce a diverse range of industrial equipment. • Brand Portfolio: Offers products under its own name and through acquired brands like Radicon and Benzlers, catering to specific market needs. • Project Execution: Undertakes and executes projects for material handling equipment and systems, providing end-to-end solutions.