Elecon Engineering Company Ltd. News and Updates

Name: Latest research reports of Elecon Engineering Company Ltd. authored by Karvy and published by - Trendlyne research reports.
Item: Elecon Engineering Company Ltd.
Rating: 3
Author: Karvy

Keep track of all breaking news on Elecon Engineering Company Ltd. from all sources in a single place.

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Elecon Engineering Company Ltd.

13 Apr 2017

439.15

-3.94%

2 stocks that can make you money: Invest Shoppe

Economic Times

While the order book has shown a traction of 43% and there are visible signs of recovery in Elecon, Orient Bel will benefit from the housing boom, says Kapur

Elecon Engineering Company Ltd. has lost -33.63% in the last 6 Months

Elecon Engineering Company Ltd.

22 Feb 2017

439.15

-3.94%

Elecon Engineering Company Ltd: Recuperating from the Losses... (Feb 22, 2017)

Hold: Elecon Engineering Company...

Target

Karvy

Recuperating from the Losses, Recovery Seems Farther Disappointing results for Q3FY17: ECNL has registered a turnover growth of 15.1% sequentially and a negative -12.9% YoY growth for Q3FY17 mainly owing tolower than anticipated off-take from key customers. Despite the smooth integration of the merger between transmission & Materials Handling Equipment (MHE)business, the company has faced some teething issues which resulted in lower than expected numbers for 9MFY17.

Elecon Engineering Company Ltd. has lost -33.63% in the last 6 Months

Elecon Engineering Company Ltd.

24 Jan 2017, 05:15PM

439.15

-3.94%

Elecon Engineering appoints new CEO for MHE division

Business Line

Elecon Engineering on Tuesday informed that the company has appointed J S Patel as Chief Executive Officer for Material Handling Equipment (MHE) division at the company's unit at Vallabh Vidyanagar...

Elecon Engineering Company Ltd. is trading below all available SMAs

Elecon Engineering Company Ltd.

17 Dec 2016

439.15

-3.94%

Elecon Engineering Company Ltd: Dismal Performance for Q2FY1... (Dec 17, 2016)

Hold: Elecon Engineering Company...

Recommendation Target

Karvy

Disappointing results for Q2FY17: ELCN has registered a meager turnover growth of 1.5% sequentially and a negative -12.9% YoY growth for Q2FY17 mainly owing to lower than anticipated off-take from key customers. Despite the smooth integration of the merger between transmission & MHE (Material Handling Equipment) business, the company has faced some teething issues which resulted in lower than expected numbers for H1FY17.

Elecon Engineering Company Ltd. has lost -30.02% in the last 3 Months

Elecon Engineering Company Ltd.

28 Apr 2016

439.15

-3.94%

Elecon Engg consolidatednet up 134% in FY16

Business Line

Elecon Engineering Co Ltdon Thursday reported a 134 per cent increase in consolidated net profit even as its operating revenue fell 3 per cent during the year March 31, 2016 as compared to the corre...

Elecon Engineering Company Ltd. has lost -30.02% in the last 3 Months

Elecon Engineering Company Ltd.

08 Mar 2016

439.15

-3.94%

Elecon Engineering surges on order worth Rs 225 crore

Business Standard

The order worth Rs 225 crore is for supply of marine gearboxes

Elecon Engineering Company Ltd. has lost -33.63% in the last 6 Months

Elecon Engineering Company Ltd.

08 Feb 2016

439.15

-3.94%

Elecon Engineering Company Ltd- Research Report

Hold: Elecon Engineering Company...

Angel Broking

For 3QFY2016, Elecon Engineering reported a disappointing set of numbers on both the standalone and consolidated basis. The standalone top-line grew by 6.0% yoy to `120cr while the EBITDA margin declined by 891bp yoy mainly on account of unfavorable revenue mix involving bulk of the shipments of low margins. The consolidated top-line grew by 10.6% on a yoy basis to `330cr mainly led by the overseas business and growth in the Material Handling Business (MHE) business. But the EBITDA margin deteriorated sharply by 872bp yoy to 2.8%, mainly owing to a spike in raw material cost and other expenses. The company has reported higher other income on its standalone business related to profits from sale of land amounting to ~`22cr, adjusting for which, the standalone bottom-line declined by 66.3% yoy to `2cr. On the consolidated basis, the bottom-line after adjusting for the above mentioned exceptional gains and minority interest reported a loss of `11cr. Recovery in capex taking longer than expected, long term prospects intact: The performance of the MHE business of the company has remained under pressure on account of delay in capex in the core sectors and due to slower execution at customer level. On the other hand,...

Elecon Engineering Company Ltd. is trading below all available SMAs

Elecon Engineering Company Ltd.

05 Nov 2015

439.15

-3.94%

Elecon Engineering Company Ltd- Research Report

Accumulate: Elecon Engineering Company...

Angel Broking

For 2QFY2016, Elecon Engineering Company (Elecon) reported standalone numbers broadly below our estimates, except at the operating level. The top-line for the quarter declined by 5.5% yoy to `111cr. However, the operating performance improved significantly, led by a 1,516bp yoy decline in raw material cost to 43.9% of sales. Although, this benefit was partially offset by a 394bp yoy and 236bp yoy increase in employee and other expenses to 12.4% and 18.9% of sales, respectively; overall, the EBITDA margin expanded by 859bp yoy to 24.9%. Led by the favorable operating performance, the standalone net profit increased by 158.9% yoy to Rs7cr. Recovery in capex taking longer than expected, long term prospects intact: The Material Handling Equipment (MHE) business of the company continued to remain under pressure on account of delay in capex in core sectors and due to slower execution at the customer level. On the other hand, the Power Transmission Equipment (PTE) business, which had been holding its ground, has now been facing some pressure (in 1HFY2016). However, the margins have improved considerably, which is a positive sign for the business. Although the recovery in capex in core sectors has been slower than expected, the long term prospects for...

Number of FII/FPI investors decreased from 188 to 178 in Dec 2024 qtr

Elecon Engineering Company Ltd.

02 Nov 2015

439.15

-3.94%

Elecon Engineering Company Ltd: Growth Aided by Domestic Recovery (Nov 02, 2015)

Buy: Elecon Engineering Company...

Karvy

Rebound in core sector CapEx cycle coupled with adequate capacity headroom may augur well for transmission equipment segment: Growth in investment activities and increased investments in key sectors like power, steel, sugar and cement are giving an optimistic outlook for future. We believe the GFCF to GDP to improve by over 33% by FY17E resulting in increased activity in domestic transmission equipment segment, also EECL's current capacity utilization levels of ~ 45% leaves enough headroom to sustain the anticipated increase in demand. We expect the segment to grow at 11.9% CAGR for FY15-17E.

Elecon Engineering Company Ltd. has gained 12.36% in the last 1 Week

Elecon Engineering Company Ltd.

20 Oct 2015

439.15

-3.94%

Elecon Engineering Company (78.5)

Business Line

Investors with a short-term perspective can consider buying the stock of Elecon Engineering Company at current levels. Since bottoming out in August 2013, the stock has been on a long-term...

Elecon Engineering Company Ltd.'s price crossed below 30Day SMA today

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Is Elecon Engineering Company Ltd. worth buying?

264 Votes:

Buy 87.12%

Sell 6.82%

Hold 6.06%

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Elecon Engineering Company Ltd. News and Updates

Keep track of all breaking news on Elecon Engineering Company Ltd. from all sources in a single place.