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Elecon Engineering Company Ltd
NSE:ELECON

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Elecon Engineering Company Ltd
NSE:ELECON
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Price: 516.9 INR 2.54%
Market Cap: ₹116B

EV/EBITDA

20.6
Current
2%
Cheaper
vs 3-y average of 21.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
20.6
=
Enterprise Value
₹84.8B
/
EBITDA
₹5.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
20.6
=
Enterprise Value
₹84.8B
/
EBITDA
₹5.2B

Valuation Scenarios

Elecon Engineering Company Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (21.1), the stock would be worth ₹528.24 (2% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-28%
Maximum Upside
+45%
Average Upside
1%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 20.6 ₹516.9
0%
3-Year Average 21.1 ₹528.24
+2%
5-Year Average 15 ₹374.48
-28%
Industry Average 29.9 ₹748.96
+45%
Country Average 17.7 ₹442.23
-14%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹84.8B
/
Apr 2026
₹5.2B
=
20.6
Current
₹84.8B
/
Mar 2027
₹6.9B
=
12.2
Forward
₹84.8B
/
Mar 2028
₹8.4B
=
10.2
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
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Market Distribution

In line with most companies in India
Percentile
57th
Based on 2 785 companies
57th percentile
20.6
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Elecon Engineering Company Ltd
Glance View

Elecon Engineering Company Ltd. traces its origins to a post-independence India longing for industrial prowess. Founded in 1951, the company initially embarked on a journey into manufacturing cutting-edge transmission equipment. Over the years, Elecon evolved into a powerhouse of mechanical engineering, gradually expanding its horizons into material handling, elevators, and escalators. The heartbeat of Elecon's operations pulsates in the intricately designed gearboxes and material handling solutions that form its core offerings. With a solid grounding in engineering excellence, it forges complex machinery that channels raw materials and goods within industries, crucial for sectors spanning from steel to cement and fertilizers to power generation. Elecon's profitability stems from its expertise in engineering and precision manufacturing, thriving on projects that require substantial customization and innovation. It has carved a niche in crafting tailored solutions, thus commanding a loyal clientele who seek bespoke machinery to drive their operations. Through a meticulous design and manufacturing process, Elecon ensures that each product not only meets but often exceeds the high standards of durability and efficiency demanded by its clients. By delivering value through these bespoke systems and maintaining a robust after-sales service network, Elecon solidifies its revenue stream, positioning itself as a vital cog in the industrial supply chain. Pursuing geographical expansion and continuous technological upgrades, the company stays aligned with the evolving landscape of industrial mechanics and logistics, ensuring sustained growth and resilience in a competitive market.

ELECON Intrinsic Value
439.67 INR
Overvaluation 15%
Intrinsic Value
Price ₹516.9
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