Elecon Engineering Company Ltd
NSE:ELECON
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (6.2), the stock would be worth ₹646.12 (35% upside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 4.6 | ₹480 |
0%
|
| 3-Year Average | 6.2 | ₹646.12 |
+35%
|
| 5-Year Average | 3.9 | ₹408.8 |
-15%
|
| Industry Average | 5.5 | ₹575.75 |
+20%
|
| Country Average | 3.3 | ₹338.66 |
-29%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| IN |
|
Elecon Engineering Company Ltd
NSE:ELECON
|
111.6B INR | 4.6 | 31.1 | |
| US |
|
GE Vernova Inc
MIL:1GEV
|
254.6B EUR | 20.2 | 29.9 | |
| DE |
|
Siemens Energy AG
XETRA:ENR
|
148.5B EUR | 13.1 | 78.1 | |
| JP |
|
Mitsubishi Electric Corp
TSE:6503
|
12.4T JPY | 3 | 33.2 | |
| US |
|
Bloom Energy Corp
NYSE:BE
|
65.7B USD | 82.9 | -720.5 | |
| CN |
G
|
Goldwind Science & Technology Co Ltd
XMUN:CXGH
|
49.3B EUR | 9 | 146.7 | |
| KR |
|
Doosan Enerbility Co Ltd
KRX:034020
|
82.6T KRW | 10.6 | 974 | |
| CN |
|
NARI Technology Co Ltd
SSE:600406
|
210.7B CNY | 4.3 | 26.2 | |
| DK |
|
Vestas Wind Systems A/S
CSE:VWS
|
190.2B DKK | 6.5 | 32.1 | |
| KR |
|
Hyundai Electric & Energy Systems Co Ltd
KRX:267260
|
36T KRW | 17.7 | 49.1 | |
| CN |
D
|
Dongfang Electric Corp Ltd
SSE:600875
|
139.5B CNY | 3.1 | 36.4 |
Market Distribution
| Min | 0 |
| 30th Percentile | 2.1 |
| Median | 3.3 |
| 70th Percentile | 5.5 |
| Max | 4 699.1 |
Other Multiples
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.