View moreElecon Engineering Company Ltd
ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD
Stock has not been able to generate better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Good time to consider, as stock is not in overbought zone
No Red FlagsASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Elecon Engineering Company Ltd
ELECON
Price Chart
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is less than the intrinsic value
ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD
Stock has not been able to generate better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Good time to consider, as stock is not in overbought zone
No Red FlagsASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Key Metrics
Forecast & RatingsDetailed Forecast
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Company Profile
Elecon Engineering is engaged in the manufacture of material handling equipment, industrial geared motors and reducers, mining equipment and casting processes.
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Financial TrendFinancial statements
Holdings TrendDetailed holdings
Total Promoter HoldingIncreasing promoter holding is considered good and reflects management’s positive view about the future outlook
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter HoldingLower pledged promoter holdings is considered better
Pledged promoter holdings is insignificant
Mutual Fund HoldingIncreasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock
In last 3 months, mutual fund holding of the company has almost stayed constant
Recent NewsAll news
Buy Elecon Engineering Company, target price Rs 310: Axis Securities
4 days ago•Economic Times
Elecon Engineering hits over 14-year high; stock zooms 83% in 3 months
5 days ago•Business Standard
Hot Stocks | PVR, Elecon Engineering, J Kumar Infraprojects can fetch 12-20% return in short term. Here’s why
5 days ago•Moneycontrol
Recent EventsAll events
Loss of share certificate
Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to bring to your notice that Link Intime India Private Limited, the Registrar and Share Transfer Agent (RTA) of the Company has received request for issuance of duplicate share certificates from the shareholders of the Company, who has reported the loss of their respective Original Share Certificates, details whereof are mentioned as enclosed.The said shares have been put in ￢ﾀﾜStop Transfer￢ﾀﾝ by RTA and they have been further advised by the Company to verify the particulars of the request and advise the shareholders accordingly. You are requested to take the same on your records. | Download
Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to bring to your notice that Link Intime India Private Limited, the Registrar and Share Transfer Agent (RTA) of the Company has received request for issuance of duplicate share certificates from the shareholders of the Company, who has reported the loss of their respective Original Share Certificates, details whereof are mentioned as enclosed.The said shares have been put in ￢ﾀﾜStop Transfer￢ﾀﾝ by RTA and they have been further advised by the Company to verify the particulars of the request and advise the shareholders accordingly. You are requested to take the same on your records. | Download
Credit Rating
With reference to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that we had obtained and assigned the Credit Rating for Bank Facilities of Rs. 500.00 Crores of the Company from the Credit Rating Agency viz., ICRA Limited (ICRA) vide its Letter Ref. No. ICRA/Elecon Engineering Company Limited/20062022/1 dated 20th June, 2022 as enclosed.A copy of the letter is enclosed for your reference & record. | Download
With reference to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that we had obtained and assigned the Credit Rating for Bank Facilities of Rs. 500.00 Crores of the Company from the Credit Rating Agency viz., ICRA Limited (ICRA) vide its Letter Ref. No. ICRA/Elecon Engineering Company Limited/20062022/1 dated 20th June, 2022 as enclosed.A copy of the letter is enclosed for your reference & record. | Download
Cash Dividend
Final • Div/Share: ₹ 1
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is less than the intrinsic value