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Elecon Engineering Company Ltd is engaged in providing power transmission solutions and material handling equipment. The company caters to the needs of various sectors such as steel, fertilizers, cement, coal, lignite and iron ore mines, sugar, power plants and port mechanization in India and abroad. Also, it has emerged as the largest gear manufacturing company in Asia.

The company has delivered exceptional returns to its shareholders over the past two years. During this period, the company’s share price rose 1169%. It is on July 20, 2020 at Rs. 26.1 to Rs.331.25 on 19 July 2022.

These returns are 11.2 times higher than the returns generated by the S&P BSE SmallCap Index. The company is part of the S&P BSE SmallCap index. And with this performance, the company outperformed the index. In the last two years, the index has returned 104%.

On a consolidated basis, in FY22, the company’s net revenue grew by 15.2% YoY to Rs 1203 crore. PBIDT rose 33.3% yoy to Rs 255.7 crore. PAT came to Rs 139 crore. This shows a growth of 149% year-on-year. This compares to the industry PE of 32.4x, at the leading edge of valuations, where the company trades at a TTM PE of 26.45x. In FY22, the company generated ROE of 14% and ROCE of 17.5%.

At 10 am, shares of Elecon Engineering were trading at Rs 332.20, up 0.11% from the previous day’s closing price of Rs 331.85 on BSE. It has a 52 week high of Rs.348.20 and a 52 week low of Rs.129.30.