Elecon Engineering Co. Ltd.
428.95
INR
-4.30
(-0.99%)
ISIN
INE205B01031
Return %
Stock
S&P 500
1Y
-22.53
14.20
3Y
6.29
81.12
5Y
461.09
68.34
Capital Structure
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INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Prayasvin Bhanubhai Patel
- Full Time Employees
- 2,452
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- Anand-Sojitra Road Vallabh Vidyanagar GU India 388120
- IPO Date
- Dec 7, 1992
- Website
- elecon.com
- Similar Companies
- Business
- Elecon Engineering Company Limited Elecon Engineering Company Limited, headquartered in Vallabh Vidyanagar, Anand, Gujarat, India, and founded in 1951, is an Indian multinational company that designs, manufactures, and supplies industrial gears and material handling equipment for core sectors including power, steel, cement, mining, sugar, paper, rubber, marine, and fertilizer industries. The company operates primarily through two segments—Transmission Equipment and Material Handling Equipment—producing a comprehensive range of power transmission products such as helical gears, bevel helical gears, worm gears, planetary gearboxes, fluid couplings, geared couplings, flexible couplings, high-speed gearboxes, wind turbine gearboxes, marine gearboxes, custom-built gearboxes, loose gears, pulleys, sprockets, and elevator traction machines; material handling equipment including belt conveyors, stackers, reclaimers, stacker-cum-reclaimers, wagon tipplers, truck loaders, crushers, feeders, idlers, aprons, vibrating screens, ship loaders/unloaders, bucket wheel excavators, and cable reeling drums; as well as alternate energy products like wind turbine generators and ferrous/non-ferrous foundry castings, with additional services for erection, commissioning, gearbox repair, and turnkey material handling projects. Elecon serves customers in India and exports to over 60 countries through subsidiaries and group companies such as Radicon Transmission UK Limited, Elecon Singapore Pte. Limited, Elecon Middle East FZE, Benzler System AB (Sweden), Radicon Drive Systems Inc. (US), Eimco Elecon (India) Ltd., Elecon Hydraulics, and associates like Elecon-Privodnaya Mehanika (Russia). In recent developments, Elecon has continued to secure significant orders, including prestigious contracts from NTPC and Tecpro Systems in 2012 that bolstered its material handling portfolio, alongside ongoing large-scale project executions such as coal handling plants for thermal power projects and steel plants; more recently, as of 2025, the company announced an interim dividend of ₹0.50 per share with a record date of October 16 and payment from November 3, reflecting strong financial health with trailing twelve-month revenue of approximately ₹23.95 billion and net income of ₹5.17 billion. Strategic expansions include a historical acquisition in October 2010 of the Benzlers-Radicon Group from UK-based David Brown Ltd., enhancing its global power transmission capabilities, while recent initiatives emphasize investments in R&D (around 5% of revenue), digital capabilities like data analytics, AI/IoT integration for manufacturing efficiency, and diversification into robotics, automation, and renewable energy solutions amid robust revenue growth to ₹2,395 crore and profits of ₹517 crore. These efforts underscore Elecon's focus on operational excellence, sustainability, and market leadership in engineering solutions across domestic and international operations.