Financials Elecon Engineering Company Limited

Equities

ELECON

INE205B01023

Industrial Machinery & Equipment

Market Closed - Bombay S.E. 03:30:52 28/06/2024 pm IST 5-day change 1st Jan Change
1,321 INR -0.25% Intraday chart for Elecon Engineering Company Limited +0.91% +42.55%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 7,097 2,137 7,108 16,140 42,849 1,06,573
Enterprise Value (EV) 1 11,868 5,948 9,051 16,537 41,078 1,02,497
P/E ratio 10.1 x 2.38 x 12.3 x 11.5 x 18 x 30 x
Yield 0.32% - 0.63% 0.7% 0.52% 0.32%
Capitalization / Revenue 0.58 x 0.2 x 0.68 x 1.34 x 2.8 x 5.5 x
EV / Revenue 0.97 x 0.55 x 0.87 x 1.37 x 2.69 x 5.29 x
EV / EBITDA 8.56 x 4.38 x 5 x 6.63 x 12.3 x 21.7 x
EV / FCF -57.5 x 4.94 x 5.35 x 14.2 x 18.5 x 39.2 x
FCF Yield -1.74% 20.2% 18.7% 7.05% 5.41% 2.55%
Price to Book 0.92 x 0.25 x 0.77 x 1.54 x 3.35 x 6.64 x
Nbr of stocks (in thousands) 1,12,200 1,12,200 1,12,200 1,12,200 1,12,200 1,12,200
Reference price 2 63.25 19.05 63.35 143.8 381.9 949.8
Announcement Date 22/08/19 01/09/20 13/07/21 03/06/22 06/06/23 01/06/24
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net sales 1 12,231 10,885 10,447 12,036 15,297 19,374
EBITDA 1 1,386 1,359 1,809 2,493 3,334 4,721
EBIT 1 923.3 913.9 1,380 2,095 2,940 4,305
Operating Margin 7.55% 8.4% 13.21% 17.41% 19.22% 22.22%
Earnings before Tax (EBT) 1 882.6 195.1 812.9 1,705 2,998 4,654
Net income 1 701.1 897 576.3 1,405 2,375 3,556
Net margin 5.73% 8.24% 5.52% 11.67% 15.53% 18.35%
EPS 2 6.249 7.990 5.136 12.52 21.17 31.69
Free Cash Flow 1 -206.2 1,204 1,692 1,165 2,221 2,615
FCF margin -1.69% 11.06% 16.19% 9.68% 14.52% 13.5%
FCF Conversion (EBITDA) - 88.58% 93.48% 46.74% 66.63% 55.4%
FCF Conversion (Net income) - 134.23% 293.51% 82.93% 93.54% 73.55%
Dividend per Share 2 0.2000 - 0.4000 1.000 2.000 3.000
Announcement Date 22/08/19 01/09/20 13/07/21 03/06/22 06/06/23 01/06/24
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2024 Q1 2024 Q2 2024 Q3
Net sales 4,143 4,849 -
EBITDA - - -
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) 1 935.8 1,154 1,162
Net income 1 729.6 885.7 904
Net margin 17.61% 18.27% -
EPS 2 6.500 - 8.060
Dividend per Share - - -
Announcement Date 11/07/23 20/10/23 25/01/24
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 4,771 3,811 1,943 397 - -
Net Cash position 1 - - - - 1,771 4,077
Leverage (Debt/EBITDA) 3.443 x 2.804 x 1.074 x 0.1592 x - -
Free Cash Flow 1 -206 1,204 1,692 1,165 2,221 2,615
ROE (net income / shareholders' equity) 9.49% 11.1% 6.5% 14.3% 20.4% 24.7%
ROA (Net income/ Total Assets) 2.66% 2.65% 4.18% 7.06% 10.7% 14%
Assets 1 26,330 33,801 13,792 19,909 22,299 25,477
Book Value Per Share 2 68.50 76.10 81.90 93.60 114.0 143.0
Cash Flow per Share 2 4.990 6.890 8.570 7.520 7.340 9.780
Capex 1 451 136 39.7 486 471 315
Capex / Sales 3.69% 1.25% 0.38% 4.04% 3.08% 1.63%
Announcement Date 22/08/19 01/09/20 13/07/21 03/06/22 06/06/23 01/06/24
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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