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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: 489.35 INR 0.23%
Market Cap: ₹109.8B

P/E

31.7
Current
15%
More Expensive
vs 3-y average of 27.6

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
31.7
=
Market Cap
₹91.2B
/
Net Income
₹3.4B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
31.7
=
Market Cap
₹91.2B
/
Net Income
₹3.4B

Valuation Scenarios

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

If P/E returns to its 3-Year Average (27.6), the stock would be worth ₹424.75 (13% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-41%
Maximum Upside
+36%
Average Downside
7%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 31.7 ₹489.35
0%
3-Year Average 27.6 ₹424.75
-13%
5-Year Average 18.7 ₹288.5
-41%
Industry Average 43.2 ₹665.91
+36%
Country Average 28.7 ₹442.52
-10%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
₹91.2B
/
Apr 2026
₹3.4B
=
31.7
Current
₹91.2B
/
Mar 2027
₹5.1B
=
17.8
Forward
₹91.2B
/
Mar 2028
₹6.2B
=
14.8
Forward
₹91.2B
/
Mar 2029
₹6.7B
=
13.5
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

In line with most companies in India
Percentile
55th
Based on 3 123 companies
55th percentile
31.7
Low
0 — 18.9
Typical Range
18.9 — 44.4
High
44.4 —
Distribution Statistics
India
Min 0
30th Percentile 18.9
Median 28.7
70th Percentile 44.4
Max 877 228.1

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 10%
Intrinsic Value
Price ₹489.35
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