# ELECON (ELECON) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/elecon

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹422.4
- Change: +1.88%
- As of: 2026-09-18
- 1D return: +1.59%
- 5D return: +0.17%
- 1M return: -6.75%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, ELECON's price of ₹421.2 is below its key daily moving averages and the daily Supertrend, indicating a bearish short-term technical stance. This contrasts with the weekly timeframe, where the price is above the weekly Supertrend, suggesting potential underlying strength. The monthly view also shows the price below its moving averages and Supertrend, reinforcing a bearish long-term outlook. The stock is currently positioned near its nearest support level of ₹420.7, which is approximately 0.12% below the current price. The nearest resistance is observed at ₹426.8, about 1.33% higher.

The stock has experienced a drawdown of -0.4% and exhibits annualized volatility of 46%. Recent market activity shows a mix of events over the last 30 days, with one positive, one neutral, and zero downside events recorded.

Key watch conditions include monitoring the price action around the ₹420.7 support level. A break below this could signal further downside. Conversely, a sustained move above the nearest resistance at ₹426.8, followed by a break above the ₹449.05 resistance, would be needed to challenge the broader bearish trend indicated by longer-term moving averages and the monthly Supertrend.

- Current price: ₹421.2 as of September 18, 2026.
- Nearest support level: ₹420.7 (approx. 0.12% below current price).
- Nearest resistance level: ₹426.8 (approx. 1.33% above current price).
- Daily and monthly timeframes show bearish signals (price below key averages and Supertrend).
- Weekly timeframe shows a bullish signal (price above Supertrend), indicating mixed signals across timeframes.
- Watch for a break below ₹420.7 support or a sustained move above ₹426.8 resistance.

- Doji
- Bullish Engulfing Reversal
- Bearish Engulfing Reversal
- Inside Bar
- Outside Bar

### What Changed

Elecon Engineering Co. on the NSE saw a slight increase in its stock price, moving from ₹414.6 to ₹421.2 between two recent observation dates. The company's profile and exchange listing remain unchanged. There have been no new filings or news reported that would indicate a shift in the company's recent developments or market standing.

- Elecon Engineering Co. stock price increased from ₹414.6 to ₹421.2.
- The observation date for the latest price was 2026-09-18.
- The company continues to be listed on the NSE.
- No new filings or news were reported as of 2026-09-18.

### Official Filings

Elecon Engineering Company Limited has scheduled investor and analyst meetings in September 2026. These meetings, part of the 'Ashwamedh – Elara India Dialogue 2026' hosted by Elara Capital, will take place in Mumbai on September 3, 2026. The company has stated that discussions will be limited to publicly available information, with no unpublished price-sensitive information to be shared. Earlier in August 2026, the company held an analyst and investor meet that included a plant visit. In July 2026, Elecon Engineering reported its Q1 FY27 results, showing consolidated revenue growth of 11.9% to INR521 crores. The Gear division reported a 16.3% year-on-year revenue increase to INR416 crores, with international revenue up 37.6%. However, the Material Handling Equipment (MHE) division experienced a 2.9% revenue decline to INR105 crores, attributed to project execution delays, despite a 38.1% increase in order intake. The company also received an updated credit rating of [ICRA]AA (Positive) for its INR400 crore bank facilities from ICRA Limited on July 16, 2026. Additionally, shareholders approved the reappointment of Mr. Pranav C. Amin as a Non-Executive & Independent Director for a second five-year term, with 94.63% of votes in favor.

- Investor and analyst meetings are scheduled for September 3, 2026, in Mumbai.
- Q1 FY27 consolidated revenue was INR521 crores, an increase of 11.9% year-on-year.
- The Gear division revenue increased by 16.3% year-on-year to INR416 crores in Q1 FY27.
- The Material Handling Equipment (MHE) division revenue declined by 2.9% to INR105 crores in Q1 FY27.
- The company's INR400 crore bank facilities have an reaffirmed credit rating of [ICRA]AA (Positive) as of July 16, 2026.
- Shareholders approved the reappointment of Mr. Pranav C. Amin as a Non-Executive & Independent Director with 94.63% of votes in favor.

- Elecon Engineering Company Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- ELECON ENGINEERING COMPANY LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Fundamentals

Elecon Engineering Co. reported revenue from operations of ₹520.56 crore in Q1 FY2026-27. This follows a Q4 FY2025-26 revenue of ₹745.61 crore and a Q3 FY2025-26 revenue of ₹551.74 crore. The company's profit after tax for Q1 FY2026-27 was ₹70.35 crore. This compares to a profit after tax of ₹6 crore in Q4 FY2025-26 and ₹71.99 crore in Q3 FY2025-26. Expenses for Q1 FY2026-27 were ₹449.31 crore, compared to ₹621.02 crore in Q4 FY2025-26 and ₹476.62 crore in Q3 FY2025-26. Finance costs in Q1 FY2026-27 stood at ₹8.11 crore, up from ₹6.25 crore in Q4 FY2025-26 and ₹6.82 crore in Q3 FY2025-26. The company's tax expense was ₹22.81 crore in Q1 FY2026-27, compared to ₹34.39 crore in Q4 FY2025-26 and ₹21.98 crore in Q3 FY2025-26. Profit before tax for Q1 FY2026-27 was ₹93.16 crore, a decrease from ₹40.39 crore in Q4 FY2025-26 but an increase from ₹93.97 crore in Q3 FY2025-26.

Key monitoring areas include the sequential revenue trend, which shows a decrease from Q4 FY2025-26 to Q1 FY2026-27. Investors may wish to monitor how revenue and profitability trends evolve in upcoming quarters, particularly in relation to expense management and finance costs.

- Revenue from operations in Q1 FY2026-27 was ₹520.56 crore.
- Profit after tax for Q1 FY2026-27 was ₹70.35 crore.
- Expenses in Q1 FY2026-27 were ₹449.31 crore.
- Finance costs in Q1 FY2026-27 were ₹8.11 crore.
- Tax expense in Q1 FY2026-27 was ₹22.81 crore.

### Bull Case

The company's weekly trend analysis indicates a constructive setup, with the Super Trend indicator showing a bullish direction as of the trade date. This suggests that, on a weekly basis, the price action is currently in an uptrend. However, daily and monthly trend analyses show a bearish Super Trend direction, indicating prevailing downward trends on those timeframes. The stock is trading below its 20-day, 50-day, and 200-day Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) on a daily basis, with negative slopes across these averages, reinforcing the short-term bearish sentiment. Nearest resistance levels are observed at ₹426.8 and ₹433.6, while support is noted around ₹420.7.

- Weekly Super Trend indicator is bullish.
- Nearest resistance levels identified at ₹426.8 and ₹433.6.
- Nearest support level identified at ₹420.7.

- Vijay Kedia reveals multibagger playbook: How the superstar picks stocks using RISE strategy

### Bear Case

The company's technical indicators suggest a cautious outlook. Daily and monthly trends are showing bearish signals, with the Supertrend indicator pointing downwards on both timeframes. The closing price of ₹421.2 is below the 20-day and 50-day moving averages, and the slopes of these averages are negative, indicating a downward momentum. The stock has also experienced significant drawdowns, with a current drawdown of -40% and a maximum drawdown of -50%. Over the past year, the stock has returned -32%, and year-to-date returns are -12%.

- Daily Supertrend indicator is bearish as of 2026-09-18.
- Monthly Supertrend indicator is bearish as of 2026-09-18.
- The closing price of ₹421.2 is below the 20-day Exponential Moving Average (EMA) of ₹423.4 and the 50-day EMA of ₹440.1.
- The stock has experienced a current drawdown of -40% and a maximum drawdown of -50%.

- Vijay Kedia reveals multibagger playbook: How the superstar picks stocks using RISE strategy

### FAQs

**What is the company's recent technical trend and what are the key support and resistance levels?**

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).

**What investor engagement activities has Elecon Engineering Co. scheduled?**

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.

**What has been the company's stock performance over different periods?**

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%.

- Vijay Kedia reveals multibagger playbook: How the superstar picks stocks using RISE strategy
- Elecon Engineering Company Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- ELECON ENGINEERING COMPANY LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹413.9
- Risk regime: Higher Price Risk

### Support levels
- 413.45000000000005
- 403.35
- 387.625

### Resistance levels
- 449.04999999999995
- 487.3625
- 494.4

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.59% |
| return_10 | -3.38% |
| return_1m | -2.94% |
| return_1y | -32.34% |
| return_20 | -6.75% |
| return_3m | -21.27% |
| return_5 | +0.17% |
| return_6m | +5.90% |
| return_since_start | -33.72% |
| return_ytd | -12.38% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -49.71% |
| annualized_volatility | +46.15% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Profitability contracts as total expenses grow faster than revenue

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.

## Revenue Performance

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.

## Expense Growth and Profitability

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.

## Finance Costs and Taxation

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 and Other Comprehensive Income

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-08-25 — Generic Announcement: Elecon Engineering Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON_25082026171717_AnalystMeet25082026.pdf)
- 2026-08-25 — Generic Announcement: Elecon Engineering Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_133_WebXMLFile_20260825_173414490.xml)
- 2026-08-05 — Generic Announcement: 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. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON_05082026121637_Relodgement_05082026_f.pdf)
- 2026-08-03 — Official Filing: 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.
- 2026-08-03 — Generic Announcement: 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. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON_03082026213028_AnalystMeet050826F.pdf)
- 2026-08-01 — Generic Announcement: 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. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON_01082026150428_PBVotingResults01082026.pdf)
- 2026-07-18 — Generic Announcement: 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. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_18072026154310_CallTranscript.pdf)
- 2026-07-16 — Credit Rating Update: 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). — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_16072026181858_CreditRating2026signed.pdf)
- 2026-07-13 — Generic Announcement: Elecon Engineering Company Limited has provided a link to the audio recording of its Q1 FY2026-27 earnings conference call, held on July 13, 2026. The recording is available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_13072026173207_InvestorRecording13062026.pdf)
- 2026-07-11 — Generic Announcement: Elecon Engineering Company Limited published its Unaudited Financial Results for the quarter ended June 30, 2026, in The Business Standard and Jay Hind newspapers on July 11, 2026. Taneja Aerospace and Aviation Limited will hold its 37th Annual General Meeting on August 4, 2026, via video conference. EIH Associated Hotels Limited will hold its 43rd Annual General Meeting on August 4, 2026, also via video conference, with remote e-voting available from August 1 to August 3, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_11072026121920_NewspaperAdvt.pdf)
- 2026-07-10 — Press Release: Elecon Engineering Company Limited announced its unaudited financial results for the quarter ended June 30, 2026, reporting consolidated revenue of ₹521 crores and EBITDA of ₹109 crores. The Gear Division revenue increased 16.3% year-over-year to ₹416 crores, while the Material Handling Equipment (MHE) division revenue saw a 2.9% decrease to ₹105 crores. The company's consolidated open order book stood at ₹1,518 crores as of June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_10072026120443_PressRelease10072026.pdf)
- 2026-07-10 — Earnings Presentation: Elecon Engineering Company Limited has released its investor presentation for Q1 FY27, detailing a consolidated revenue of ₹521 crores, up 11.9% YoY, and EBITDA of ₹109 crores, up 3.9% YoY. The company's open order book stood at ₹1,518 crores as of June 30, 2026, a 37% increase year-over-year. The Gear Division reported revenue growth of 16.3% YoY to ₹416 crores, while the Material Handling Equipment (MHE) division saw a revenue moderation but secured an overseas order of ₹21 crores. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_10072026151536_InvetorPresentation.pdf)
- 2026-07-10 — Generic Announcement: Elecon Engineering Company Limited announced its unaudited financial results for the quarter ended June 30, 2026, on July 10, 2026. The company reported consolidated revenue of ₹521 crores and Profit After Tax of ₹70 crores. The Gear Division revenue increased 16.3% YoY to ₹416 crores, while the Material Handling Equipment (MHE) division reported revenue of ₹105 crores. The consolidated order intake was ₹755 crores, with an open order book of ₹1,518 crores. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_10072026114658_OutcomeBM10072026.pdf)
- 2026-07-07 — Generic Announcement: Elecon Engineering Company Limited received a certificate from its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirming compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The certificate confirms that dematerialized securities were processed and listed on stock exchanges within the prescribed timelines. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_07072026153035_Reg7430062026.pdf)
- 2026-07-07 — Generic Announcement: Elecon Engineering Company Limited will hold an earnings conference call on July 13, 2026, at 4:00 PM IST, organized by Emkay Global Financial Services Ltd. The call will discuss the company's financial performance for the quarter ended June 30, 2026. Company representatives including the CFO and division heads will be present. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_07072026154058_EarningsCallIntimation.pdf)
- 2026-07-01 — Generic Announcement: Elecon Engineering Company Limited published a newspaper advertisement on July 1, 2026, regarding its Postal Ballot Notice, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was published in the Business Standard (English) and Jay Hind (Gujarati) newspapers. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_01072026174924_NewspaperAdvtPostalBallot.pdf)
- 2026-06-30 — Generic Announcement: Elecon Engineering Company Limited is seeking member approval via postal ballot and e-voting to re-appoint Mr. Pranav C. Amin as a Non-Executive & Independent Director for a second five-year term, commencing June 22, 2026. The e-voting period will run from July 2, 2026, to July 31, 2026. Mr. Amin previously served a five-year term ending May 26, 2026, and his reappointment is in compliance with regulatory requirements. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_30062026191233_PostalballotNotice.pdf)
- 2026-06-30 — Generic Announcement: Elecon Engineering Company Limited will close its trading window from July 1, 2026, until 48 hours after the unaudited financial results for the quarter ended June 30, 2026, are announced. A Board Meeting is scheduled for July 10, 2026, to approve these financial results. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_30062026164449_TradingWindowClosure.pdf)
- 2026-06-26 — Generic Announcement: Elecon Engineering Company Limited held its 66th Annual General Meeting on June 25, 2026, where all proposed resolutions were approved by the members. The voting, conducted via remote e-voting from June 22-24, 2026, and during the AGM, included the adoption of financial statements, declaration of a final dividend of Rs. 1.50 per equity share, re-appointment of directors and auditors, and ratification of remuneration for cost auditors. The results were finalized and reported on June 26, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_26062026183041_AGMVotingResults25062026.pdf)
- 2026-06-25 — Generic Announcement: Elecon Engineering Company Limited held its 66th Annual General Meeting on June 25, 2026, transacting business including the adoption of FY 2025-26 financial statements, declaration of a final dividend of Rs. 1.50 per equity share, and re-appointments of directors and auditors. The company reported consolidated revenue growth of 6.2% to Rs. 2,366 crores and a profit after tax of Rs. 341 crores for FY 2025-26. The Chairman's speech highlighted a 75th anniversary milestone and discussed market conditions, financial performance, and future outlook. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_25062026182519_AGMProceedings2026.pdf)
- 2026-06-22 — Generic Announcement: The Board of Directors of Elecon Engineering Company Limited, in a meeting held on June 22, 2026, approved the appointment of Mr. Pranav C. Amin as an Additional Director, designated as Non-Executive & Independent Director, for a second five-year term effective June 22, 2026, subject to shareholder approval. The Board also approved the re-constitution of its committees, with updated compositions detailed in Annexure B. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_22062026175209_BMOutcome22062026.pdf)
- 2026-06-22 — Generic Announcement: The Board of Directors of Elecon Engineering Company Limited, in a meeting held on June 22, 2026, approved the appointment of Mr. Pranav C. Amin as an Additional Director, designated as Non-Executive & Independent Director, for a second five-year term effective June 22, 2026, subject to shareholder approval. The Board also approved the re-constitution of its committees, with updated compositions detailed in Annexure B. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_22062026175452_BMOutcome22062026.pdf)
- 2026-06-12 — Generic Announcement: Elecon Engineering Company Limited announced on June 12, 2026, that its step-down subsidiary, Grupo Radicon SA de CV in Mexico, has received its Certificate of Incorporation from the Public Registry of Commerce. This follows a prior disclosure on March 26, 2026, regarding the initial incorporation of the wholly owned subsidiary of Elecon Singapore Pte. Ltd., which itself is a wholly owned subsidiary of Elecon Engineering Company Limited. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_12062026143658_Reg30Intimation.pdf)
- 2026-06-09 — Generic Announcement: Elecon Engineering Company Limited published a reminder notice to shareholders on June 9, 2026, regarding a special window for re-lodgment of transfer requests for physical securities. This notice was published in The Business Standard and Jay Hind newspapers. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_09062026122054_NewpaperAdvt09062026.pdf)
- 2026-06-03 — Generic Announcement: Nido Home Finance Limited (formerly Edelweiss Housing Finance Limited) has issued demand notices under Section 13(2) of the SARFAESI Act, 2002, to multiple borrowers for defaulting on loan repayments, classifying their accounts as Non-Performing Assets (NPA). The notices, dated between May 12, 2026, and May 14, 2026, detail outstanding dues ranging from Rs. 5,58,435.62 to Rs. 46,68,342.92, with further interest accruing from the notice date. The borrowers are required to make full payment within 60 days to avoid enforcement actions against their secured assets, which include various immovable properties. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELECON2_03062026122139_NewspaperAdvt.pdf)

## News and market events

- 2026-09-15 — Economic Times: **Vijay Kedia reveals multibagger playbook: How the superstar picks stocks using RISE strategy** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/vijay-kedia-reveals-multibagger-playbook-how-the-superstar-picks-stocks-using-rise-strategy/articleshow/134251870.cms)

## Business profile

**Strategic vision:** Designs and manufactures industrial gears and material handling equipment.

### Business segments
- **Power Transmission Equipment:** Manufactures a range of power transmission equipment including various types of gearboxes, couplings, and elevator traction machines, offering custom-built solutions.
- **Material Handling Equipment:** Manufactures raw material handling systems and undertakes projects related to material handling equipment and systems for industries like mining, cement, and power generation.
- **Foundry Division:** Operates a Foundry Division that contributes to its manufacturing capabilities.

### Competitive strengths
- 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.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

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