Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Eimco Elecon (India) Ltd

EIMCOELECO
Capital Goods - Engineering Heavy

Eimco Elecon (India) Ltd's price has outrun its earnings. +5.7% in a year against EPS −20.9% — the market is paying now for delivery later.

The sharpest disagreement: profits are rising, but only 52% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a confirmed uptrend (5 weeks in) while the P/E sits at the 92nd percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +7.1% year on year, and 52% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Stage
Deteriorating
partial read
Price
₹2,323
+5.7% 1Y
P/E
33.9×
92nd pctile
of its own 11-year range
Revenue (Jun 26)
₹78.0 Cr
+14.7% YoY
Profit (Jun 26)
₹15.0 Cr
+7.1% YoY
Operating margin
18.0%
flat YoY
ROCE
10%
FY26
ROIC
6.4%
vs WACC 12.0% → −5.6 pp
Cash conversion
52%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified. PEG is the exception: the quarterly curve is not drawn at all. PEG asks what is being paid for growth — both sides of that division come from the source that could not be checked, so it is withheld instead of marked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Eimco Elecon (India) Ltd trades at ₹2,323, in a confirmed uptrend and 5 weeks into that stage. That is +27.0% against its own 200-day average. It sits at 100% of a 52-week range of ₹1,502 to ₹2,323. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 14 straight weeks.

Today the stock is in a confirmed uptrend — week 5 of stage 2, confirmed. At ₹2,323 it trades +27.0% versus its 200-day average and sits at 100% of its 52-week range (₹1,502–₹2,323).

Sep 26: ₹2,323 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+27.0% versus the 200-day line, week 5 of stage 2
Price50-day avg200-day avg
S2S4S2S4₹3,545₹2,748₹1,952₹1,155₹359₹2,323₹1,829Sep 23Jun 24Mar 25Dec 25Sep 26
S2S4S2S4₹3,545₹2,748₹1,952₹1,155₹359₹2,323₹1,829Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (552 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +635% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 14 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Eimco Elecon (India) Ltd trades at 33.9× P/E, at the pricey end of its own range (92nd percentile). Its long-run median P/E is 16.6×, measured across 10.6 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 33.9× is at the pricey end of its own range (92nd percentile), against a long-run median of 16.6× measured over 10.6 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 33.9× vs a 16.6× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.6-year window; loss-period spikes above 39× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (92nd percentile)
P/EMedianEPS (TTM) (quarterly)
41.2×₹94.132.2×₹70.623.3×₹47.114.3×₹23.55.3×₹0.0×33.80×₹69Feb 16Oct 18Jul 21Mar 24Sep 26
41.2×₹94.132.2×₹70.623.3×₹47.114.3×₹23.55.3×₹0.0×33.80×₹69Feb 16Jul 21Sep 26
P/E
33.9×
92nd percentile of 11y

🚨 Why the multiple sits where it does: over the past year annual EPS moved −20.9% against a +5.7% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +41.4%/yr price move, ~+38.2%/yr came from earnings growth and ~+3.2 pp from the multiple (expanding); over 10y, of the +19.8%/yr price move, ~+8.1%/yr came from earnings growth and ~+11.7 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

03 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, Eimco Elecon (India) Ltd was paying for profit growth of about 11.6% a year. Profit itself has compounded 8.7% a year over the past 10 years. Today the market pays 33.9× P/E, the 92nd percentile of its own 11-year range.

What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is close to what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

04 · Stage: Deteriorating

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Eimco Elecon (India) Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −1.6% latest against +52.7% at its 12-quarter best), ROCE holding at 10.0%. The read is built from 12 quarters across 4 curves, on partial evidence.

Growth, year by year: revenue −6.1% in FY26, profit −20.4% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
118%161%75%102%32%42%−11%−18%−53%−77%%%−6.1%−20.4%FY16FY21FY26
118%161%75%102%32%42%−11%−18%−53%−77%%%−6.1%−20.4%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue stabilising, profit rolling over
RevenueProfitEPS
59%231%37%163%16%95%−6.0%27%−28%−41%%%−1.6%−18.8%−18.5%Sep 23Dec 24Jun 26
59%231%37%163%16%95%−6.0%27%−28%−41%%%−1.6%−18.8%−18.5%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
17%14%12%9.7%7.4%%10%FY23FY24FY26
17%14%12%9.7%7.4%%10%FY23FY24FY26
Revenue growth
Recovering
latest −1.6% · span −21.6% to +52.7%
Profit growth
Falling
latest −18.8% · span −22.4% to +200.0%
EPS growth
Falling
latest −18.5% · span −20.8% to +212.2%
ROCE
Stuck low
latest 10.0% · span 8.0%–16.0%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−6.1%+10.1%+12.9%+5.1%
Profit−20.4%+22.9%+28.8%+8.7%
EPS−20.9%+22.9%+28.0%+8.3%
Share price+5.7%+36.2%+41.4%+19.8%
Revenue YoY (Jun 26)
+14.7%
latest quarter vs a year ago
Profit YoY (Jun 26)
+7.1%
latest quarter vs a year ago
Revenue 10y
5.1%
long-run compound pace
05 · 4-Factor Sector Score

4-Factor Sector Score

46.9/100 — rank 7 of 16 in Capital Goods - Engineering Heavy · 81% evidence confidence

Eimco Elecon (India) Ltd scores 46.9 out of 100 against the 16 companies it is compared with in Capital Goods - Engineering Heavy, ranking 7. Price leads the evidence: RS versus the benchmark is 36.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 11.2 + 13.3 + 9 + 13.4 = 46.9. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

06 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Eimco Elecon (India) Ltd reported ₹78.0 Cr of revenue in the Jun 26 quarter, +14.7% year on year. That is the 3rd straight quarter of year-on-year growth. Over 10 years it has compounded at 5.1% a year. The last full year, FY26, came in at ₹231 Cr. The last four reported quarters add to ₹241 Cr.

FY26 revenue came in at ₹231 Cr (−6.1% on the year), capping 10 years at 5.1% compound. The latest quarter (Jun 26) printed ₹78.0 Cr, +14.7% year on year — the 3rd consecutive quarter of year-over-year growth.

FY26 revenue ₹231 Cr (−6.1% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
5.1% a year over 10 years
RevenueYoY growth
266118%19975%13332%66−11%0−53%₹ Cr%₹231−6.1%FY16FY21FY26
266118%19975%13332%66−11%0−53%₹ Cr%₹231−6.1%FY16FY21FY26
Jun 26: ₹78.0 Cr (+14.7% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
9168%6836%454.2%23−28%0−59%₹ Cr%₹7814.7%Sep 23Dec 24Jun 26
9168%6836%454.2%23−28%0−59%₹ Cr%₹7814.7%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +1.4% growth against the decade's 5.1% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −1.6% over the last 4 quarters against −2.4%/yr over the last 8 — stabilising; TTM profit −18.8% vs −11.7%/yr — rolling over.

07 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Eimco Elecon (India) Ltd's operating margin is 18.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 5.0% to 23.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 18.0%, +0.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 5.0%–23.0%.

Why the margin moved: operating margin went +0.2 pp year on year while gross margin went −4.1 pp — the gain came mostly from the gross line: input costs and pricing.

FY26: 19.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a 5.0–23.0% band over 13 years
operating marginYoY change (pp)
24%6.1%19%2.1%14%−2.0%8.8%−6.1%3.6%−10%%%19%−4%FY14FY20FY26
24%6.1%19%2.1%14%−2.0%8.8%−6.1%3.6%−10%%%19%−4%FY14FY20FY26
Jun 26: 18.0% operating margin (+0.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
29%18%25%11%22%3.5%19%−3.8%15%−11%%%18%0%Sep 23Dec 24Jun 26
29%18%25%11%22%3.5%19%−3.8%15%−11%%%18%0%Sep 23Dec 24Jun 26
08 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Eimco Elecon (India) Ltd earned ₹15.0 Cr of net profit in the Jun 26 quarter, +7.1% year on year. Full-year FY26 profit was ₹39.0 Cr. The 10-year compound rate is 8.7%. That is 19.2% of the quarter's revenue. The same quarter a year earlier earned ₹14.0 Cr.

Jun 26 profit was ₹15.0 Cr, +7.1% year on year. On the full year, FY26 printed ₹39.0 Cr (−20.4%), and the 10-year compound rate is 8.7%.

FY26 profit ₹39.0 Cr (−20.4% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
8.7% a year over 10 years
Net profitYoY growth
53149%4093%2636%13−20%0−76%₹ Cr%₹39−20.4%FY16FY21FY26
53149%4093%2636%13−20%0−76%₹ Cr%₹39−20.4%FY16FY21FY26
Jun 26: ₹15.0 Cr (+7.1% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
16167%12106%844%4−17%0−78%₹ Cr%₹157.1%Sep 23Dec 24Jun 26
16167%12106%844%4−17%0−78%₹ Cr%₹157.1%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +14.7% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +0.6% vs revenue +1.4%. Profit and revenue are moving roughly in step.

09 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 52% of Eimco Elecon (India) Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹22.0 Cr of operating cash against ₹39.0 Cr of profit. After ₹15.0 Cr of capital spending, ₹7.0 Cr was left as free cash.

FY26: operating cash of ₹22.0 Cr against reported profit of ₹39.0 Cr, leaving free cash of ₹7.0 Cr after ₹15.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 52% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹22.0 Cr vs profit ₹39.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
52% of 3-year profit arrived as cash
Operating cashNet profitFree cash
5436191−17₹ Cr₹22₹39₹7FY16FY21FY26
5436191−17₹ Cr₹22₹39₹7FY16FY21FY26
FY26: CFO = 56% of profit (three-year rate 52%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
276%172%68%−36%−140%%56%FY16FY21FY26
276%172%68%−36%−140%%56%FY16FY21FY26

🚨 Why conversion sits at 52%: the cash cycle stretched 174 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 174 days — the next section's job is to find where the cash is stuck.

10 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Eimco Elecon (India) Ltd's cash conversion cycle runs 450 days in FY26, up from 276 days in FY21. Capital spending ran ₹24.0 Cr over the last 3 years. At FY26 sales of ₹231 Cr each day of that cycle holds about ₹0.6 Cr, so roughly ₹285 Cr sits inside the business at any moment.

FY26: debtors at 115 days, inventory at 400 days — roughly 13.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 450 days, looser than FY21's 276.

The full loop: cash goes out to suppliers and production on day 0; stock waits 400 days to sell; customers pay about 115 days after that; and suppliers themselves are paid at 65 days — netting out to the 450-day cycle.

In money terms: at FY26 sales of ₹231 Cr, each day of the cycle holds about ₹0.6 Cr — so the 450-day loop keeps roughly ₹285 Cr sitting inside the business at any moment.

FY26: a 450-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
+174 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
7585703811930days450d400d115d65dFY14FY17FY20FY23FY26
7585703811930days450d400d115d65dFY14FY20FY26

On the investment side: capital spending of ₹24.0 Cr over the last 3 fiscal years against ₹24.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹2.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹15.0 Cr, work-in-progress ₹2.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
463523120₹ Cr₹15₹2FY16FY18FY21FY23FY26
463523120₹ Cr₹15₹2FY16FY21FY26

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

11 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

Eimco Elecon (India) Ltd earns a ROCE of 10% in FY26. That is up from a trough of 3% in FY20. Return on invested capital clears the cost of that capital by −5.6 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 16.9% net margin on 0.44× asset turns.

FY26 ROCE is 10%, recovered from a FY20 trough of 3% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 16.9% net margin × 0.44× asset turns × 1.12× balance-sheet leverage ≈ 8.3% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 6.4% − 12.0% = a −5.6 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 10% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY20's 3%
ROCEROIC (annual)WACC
17%13%8.3%3.8%−0.6%%10%6.7%FY14FY20FY26
17%13%8.3%3.8%−0.6%%10%6.7%FY14FY20FY26
Q4 FY26: ROCE 7.8% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
13%11%8.7%6.8%4.9%%7.8%6.6%Q2 FY24Q3 FY25Q1 FY27
13%11%8.7%6.8%4.9%%7.8%6.6%Q2 FY24Q3 FY25Q1 FY27
12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

Eimco Elecon (India) Ltd carries total debt of ₹4.0 Cr against shareholder equity of ₹468 Cr as of Jun 26, a debt-to-equity of 0.01 — effectively unlevered. On the annual view that ratio went from 0.00 in FY22 to 0.01 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Jun 26: total debt of ₹4.0 Cr against shareholder equity of ₹468 Cr — a debt-to-equity of 0.01. On the annual view, debt-to-equity went from 0.00 (FY22) to 0.01 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹4.0 Cr at 0.01× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
40.011×30.008×20.005×10.002×0−0.001×₹ Cr×₹40.01×FY22FY24FY26
40.011×30.008×20.005×10.002×0−0.001×₹ Cr×₹40.01×FY22FY24FY26
Jun 26: debt ₹4.0 Cr, debt-to-equity 0.01 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
40.011×30.008×20.005×10.002×0−0.001×₹ Cr×₹40.01×Sep 23Dec 24Jun 26
40.011×30.008×20.005×10.002×0−0.001×₹ Cr×₹40.01×Sep 23Dec 24Jun 26
13 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 25.1 points of Eimco Elecon (India) Ltd over 8 quarters, the biggest move on the register. That takes promoters to 49.0% of the company. Foreign institutions moved +3.1 points over the same window, to 3.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −25.1 points over 8 quarters to 49.0%; Foreign institutions: +3.1 points over 8 quarters to 3.3%; Domestic institutions: +0.6 points over 8 quarters to 1.0%.

🚨 Why the register moved: promoters drove it (−25.1 points), absorbed on the other side by foreign institutions (+3.1 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −25.1 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
80%59%37%16%−5.9%%49.0%3.1%1.1%46.9%Mar 24Mar 25Mar 26
80%59%37%16%−5.9%%49.0%3.1%1.1%46.9%Mar 24Mar 25Mar 26
Promoters cut 25.1 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
80%59%37%16%−5.9%%49.0%3.3%1.0%46.8%Jun 23Dec 24Jun 26
80%59%37%16%−5.9%%49.0%3.3%1.0%46.8%Jun 23Dec 24Jun 26
14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Eimco Elecon (India) Ltd: the Z-score reads 13.97. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

Why it matters: a Z-score of 13.97 sits well clear of the distress zone — the balance sheet is not the risk here.

The safety line in one sentence: the Z-score reads 13.97.

15 · Related companies · Capital Goods - Engineering Heavy
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1JNK India LtdJNKINDIA 70.0/100Favorable setup83% evidence FADING 32.2/35 Revenue 84.4% · PAT 100% · OPM change 5.5 pp 100% evidence 14.5/25 ROCE 17.4% · OPM 8.8% 100% evidence 10.9/20 P/E 31.4× · PEG — 15% evidence 12.4/20 RS sector 15.1% · RS bench 31.2% · 1Y 44.5%10 of 12 weeks ahead 100% evidence
Exact sum: 32.2 + 14.5 + 10.9 + 12.4 = 70 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Suzlon Energy LtdSUZLON 65.0/100Favorable setup100% evidence ASLEEP 23.6/35 Revenue 45.2% · PAT 50.1% · OPM change -3 pp 100% evidence 18.2/25 ROCE 34.2% · OPM 16% 100% evidence 19.3/20 P/E 19.1× · PEG 0.47 100% evidence 3.9/20 RS sector -24.9% · RS bench -12.3% · 1Y -23.8%3 of 12 weeks ahead 100% evidence
Exact sum: 23.6 + 18.2 + 19.3 + 3.9 = 65 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -24.9% and the one-year return is -23.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Disa India LtdDISAQ 62.7/100Mixed-positive evidence81% evidence TURNING 17.0/35 Revenue 3.8% · PAT 6.3% · OPM change -1 pp 95% evidence 20.9/25 ROCE 26.6% · OPM 14% 95% evidence 12.7/20 P/E 31.7× · PEG — 50% evidence 12.1/20 RS sector 3% · RS bench -3% · 1Y -12.7%2 of 9 weeks ahead 70% evidence
Exact sum: 17 + 20.9 + 12.7 + 12.1 = 62.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Bharat Heavy Electricals LtdBHEL 60.7/100Mixed-positive evidence67% evidence TURNING 25.1/35 Revenue 27% · PAT 100% · OPM change 17 pp 71% evidence 8.6/25 ROCE 9.1% · OPM 7% 76% evidence 9.4/20 P/E 61.7× · PEG — 15% evidence 17.6/20 RS sector 18.4% · RS bench 36.2% · 1Y 103%8 of 12 weeks ahead 100% evidence
Exact sum: 25.1 + 8.6 + 9.4 + 17.6 = 60.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Concord Control Systems Ltd543619 57.8/100Mixed-positive evidence66% evidence ASLEEP 21.5/35 Revenue 100% · PAT 100% · OPM change 10 pp 48% evidence 21.2/25 ROCE 30.6% · OPM 30% 76% evidence 9.1/20 P/E 58.9× · PEG — 50% evidence 6.0/20 RS sector -11.9% · RS bench 2.9% · 1Y 57.8%3 of 12 weeks ahead 100% evidence
Exact sum: 21.5 + 21.2 + 9.1 + 6 = 57.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6John Cockerill India LtdCOCKERILL 55.6/100Mixed-positive evidence68% evidence FADING 24.0/35 Revenue 55.7% · PAT 10.7% · OPM change 1 pp 74% evidence 6.3/25 ROCE 6.5% · OPM -9% 100% evidence 8.9/20 P/E 917.2× · PEG — 15% evidence 16.4/20 RS sector 28.1% · RS bench 31.8% · 1Y 85.5%8 of 10 weeks ahead 70% evidence
Exact sum: 24 + 6.3 + 8.9 + 16.4 = 55.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Eimco Elecon (India) Ltdthis pageEIMCOELECO 46.9/100Mixed-negative evidence81% evidence BREAKING OUT 11.2/35 Revenue -1.6% · PAT -18.8% · OPM change 0 pp 95% evidence 13.3/25 ROCE 10.3% · OPM 18% 95% evidence 9.0/20 P/E 33.9× · PEG — 50% evidence 13.4/20 RS sector 0.5% · RS bench 36.5% · 1Y 20.5%9 of 10 weeks ahead 70% evidence
Exact sum: 11.2 + 13.3 + 9 + 13.4 = 46.9 · Decision use: Price leads the evidence: RS versus the benchmark is 36.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Walchandnagar Industries LtdWALCHANNAG 46.6/100Mixed-negative evidence69% evidence ASLEEP 25.3/35 Revenue 38% · PAT 96.7% · OPM change 12.9 pp 71% evidence 3.4/25 ROCE 4.2% · OPM 8.1% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 7.9/20 RS sector -7.8% · RS bench 6.3% · 1Y 16.5%4 of 12 weeks ahead 100% evidence
Exact sum: 25.3 + 3.4 + 10 + 7.9 = 46.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Integra Engineering India Ltd505358 42.0/100Mixed-negative evidence75% evidence BASING 10.0/35 Revenue 1.7% · PAT -16.6% · OPM change -3.5 pp 95% evidence 17.9/25 ROCE 18.5% · OPM 16.4% 76% evidence 9.8/20 P/E 40.3× · PEG — 15% evidence 4.3/20 RS sector -20.2% · RS bench -7% · 1Y -26%3 of 12 weeks ahead 100% evidence
Exact sum: 10 + 17.9 + 9.8 + 4.3 = 42 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Inox Wind LtdINOXWIND 40.9/100Mixed-negative evidence93% evidence BASING 13.3/35 Revenue 17.1% · PAT -13.1% · OPM change -3 pp 100% evidence 9.6/25 ROCE 10.6% · OPM 19% 100% evidence 12.6/20 P/E 38.4× · PEG 1.22 65% evidence 5.4/20 RS sector -37.5% · RS bench -26.1% · 1Y -47.5%1 of 12 weeks ahead 100% evidence
Exact sum: 13.3 + 9.6 + 12.6 + 5.4 = 40.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Kabra Extrusion Technik LtdKABRAEXTRU 40.5/100Mixed-negative evidence66% evidence BREAKING OUT 15.0/35 Revenue 3.1% · PAT -80% · OPM change 8.4 pp 71% evidence 5.5/25 ROCE 0.1% · OPM 5% 95% evidence 8.5/20 P/E 3613× · PEG — 15% evidence 11.5/20 RS sector -6.2% · RS bench 160.1% · 1Y 164.8%10 of 10 weeks ahead 70% evidence
Exact sum: 15 + 5.5 + 8.5 + 11.5 = 40.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Hercules Investments LtdHERCULES 39.4/100Thin evidence · provisional55% evidence 13.8/35 Revenue -80% · PAT -74.3% · OPM change 3.7 pp 45% evidence 8.7/25 ROCE 5.7% · OPM — 60% evidence 12.7/20 P/E 8.6× · PEG — 50% evidence 4.2/20 RS sector -23.6% · RS bench -33% · 1Y -40%0 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 13.8 + 8.7 + 12.7 + 4.2 = 39.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Windsor Machines LtdWINDMACHIN 37.7/100Mixed-negative evidence68% evidence ASLEEP 18.0/35 Revenue 51% · PAT 100% · OPM change -2.8 pp 74% evidence 1.3/25 ROCE 2.6% · OPM 4.2% 100% evidence 8.7/20 P/E 1044× · PEG — 15% evidence 9.7/20 RS sector -10.1% · RS bench 8.3% · 1Y -2.7%3 of 10 weeks ahead 70% evidence
Exact sum: 18 + 1.3 + 8.7 + 9.7 = 37.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14The Anup Engineering LtdANUP 34.1/100Adverse evidence93% evidence ASLEEP 8.5/35 Revenue 1.4% · PAT -29.7% · OPM change -15.5 pp 100% evidence 16.8/25 ROCE 21% · OPM 7.6% 100% evidence 5.0/20 P/E 38.8× · PEG 5.03 65% evidence 3.8/20 RS sector -29% · RS bench -17% · 1Y -26.2%4 of 12 weeks ahead 100% evidence
Exact sum: 8.5 + 16.8 + 5 + 3.8 = 34.1 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
15Bajaj Steel Industries LtdBAJAJST 31.8/100Adverse evidence81% evidence TURNING 4.8/35 Revenue -2.6% · PAT -48.3% · OPM change -7.7 pp 95% evidence 13.1/25 ROCE 11.7% · OPM 4.9% 95% evidence 8.5/20 P/E 26× · PEG — 50% evidence 5.4/20 RS sector -20% · RS bench -17.4% · 1Y -31.4%0 of 9 weeks ahead 70% evidence
Exact sum: 4.8 + 13.1 + 8.5 + 5.4 = 31.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Praj Industries LtdPRAJIND 25.3/100Adverse evidence94% evidence BASING 6.8/35 Revenue 2.4% · PAT -77.9% · OPM change -0.7 pp 100% evidence 6.8/25 ROCE 6.1% · OPM 4.2% 100% evidence 0.7/20 P/E 117× · PEG 4.5 100% evidence 11.0/20 RS sector 1.4% · RS bench -3% · 1Y -20.8%0 of 10 weeks ahead 70% evidence
Exact sum: 6.8 + 6.8 + 0.7 + 11 = 25.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Eimco Elecon (India) Ltd's share price today?

Eimco Elecon (India) Ltd trades at ₹2,323, +5.7% over the past year. The company is valued at ₹1,342 Cr. The stock sits at the very top of its 52-week range (₹1,502–₹2,323), +27.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 5 weeks in. — as of 11 September 2026.

What were Eimco Elecon (India) Ltd's latest quarterly results?

Eimco Elecon (India) Ltd reported revenue of ₹78.0 Cr and net profit of ₹15.0 Cr for the Jun 26 quarter. Revenue rose 14.7% and profit rose 7.1% year on year. Earnings per share were ₹26.66. The operating margin was 18.0%, 0.0 pp higher than a year earlier. — as of 11 September 2026.

What is Eimco Elecon (India) Ltd's revenue?

Eimco Elecon (India) Ltd reported revenue of ₹78.0 Cr in the Jun 26 quarter, +14.7% year on year. For the full FY26 fiscal year, revenue was ₹231 Cr (−6.1%). Over the last 10 years revenue compounded at 5.1% a year. — as of 11 September 2026.

What is Eimco Elecon (India) Ltd's profit?

Eimco Elecon (India) Ltd earned ₹15.0 Cr of net profit in the Jun 26 quarter, +7.1% year on year. Full-year FY26 profit was ₹39.0 Cr. The operating margin ran 18.0% in the latest quarter. — as of 11 September 2026.

What is Eimco Elecon (India) Ltd's market cap?

Eimco Elecon (India) Ltd's market capitalisation is ₹1,342 Cr at a share price of ₹2,323. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Eimco Elecon (India) Ltd's P/E ratio?

Eimco Elecon (India) Ltd trades at a P/E of 33.9×, at the 92nd percentile of its own 11-year range, against a long-run median of 16.6×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Eimco Elecon (India) Ltd pay a dividend?

Yes — Eimco Elecon (India) Ltd's dividend payout was 6% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.

Is Eimco Elecon (India) Ltd overvalued?

On its own history, Eimco Elecon (India) Ltd looks expensive: its P/E of 33.9× sits at the 92nd percentile of its 11-year range (long-run median 16.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is Eimco Elecon (India) Ltd growing?

Yes — Eimco Elecon (India) Ltd is growing: latest-quarter revenue +14.7% year on year, profit +7.1%, and the margin +0.0 pp at 18.0%. The 10-year compound rates are 5.1% (revenue) and 8.7% (profit). The earnings engine currently reads: improving — as of 11 September 2026.

How is Eimco Elecon (India) Ltd performing?

Eimco Elecon (India) Ltd is in a confirmed uptrend, 5 weeks in. Its latest quarter's revenue rose 14.7% and profit rose 7.1% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 14 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is Eimco Elecon (India) Ltd in?

Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −1.6% latest against +52.7% at its 12-quarter best), ROCE holding at 10.0%. The read comes from the last 12 quarters of growth (revenue growth −1.6% latest, profit growth −18.8% latest, eps growth −18.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is Eimco Elecon (India) Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 5 of stage 2), trading +27.0% versus its 200-day average and at the very top of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Eimco Elecon (India) Ltd beating the market?

On recent form, yes — Eimco Elecon (India) Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 14 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +635% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.

Will Eimco Elecon (India) Ltd's share price go up?

This page publishes no price forecast for Eimco Elecon (India) Ltd. What it measures instead: the share price is ₹2,323, the price is in a confirmed uptrend 5 weeks in. Its P/E of 33.9× sits at the 92nd percentile of its own 11-year range. — as of 11 September 2026.

Who owns Eimco Elecon (India) Ltd?

Promoters hold 49.0% of Eimco Elecon (India) Ltd, foreign institutions 3.3%, domestic institutions 1.0% and the public 46.8% (latest quarter). The biggest move on the register over the last two years: Promoters cut 25.1 points over 8 quarters. — as of 11 September 2026.

Does Eimco Elecon (India) Ltd have too much debt?

No — Eimco Elecon (India) Ltd's debt-to-equity is 0.01, and operating profit covers the interest bill 43×. FY26 borrowings were ₹4.0 Cr against equity of ₹468 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is Eimco Elecon (India) Ltd's capex?

Eimco Elecon (India) Ltd spent ₹24.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹15.0 Cr, with ₹2.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Eimco Elecon (India) Ltd's cash flow?

Eimco Elecon (India) Ltd generated ₹22.0 Cr of operating cash flow in FY26 and ₹7.0 Cr of free cash flow after ₹15.0 Cr of capital spending. Reported profit that year was ₹39.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Eimco Elecon (India) Ltd's profit real cash?

Not fully — over the last 3 fiscal years, 52% of Eimco Elecon (India) Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹22.0 Cr against reported profit of ₹39.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 11 September 2026.

How financially safe is Eimco Elecon (India) Ltd?

On the balance sheet, the Z-score reads 13.97 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 11 September 2026.

Where is Eimco Elecon (India) Ltd in its business cycle?

Eimco Elecon (India) Ltd's FY26 operating margin was 19.0%, against a 13-year band of 5.0%–23.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 18.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does Eimco Elecon (India) Ltd's price assume?

At its price on 13 June 2026, Eimco Elecon (India) Ltd was priced for profit growth of about 11.6% a year. Profit itself has compounded 8.7% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the Eimco Elecon (India) Ltd story?

The sharpest disagreement: profits are rising, but only 52% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Eimco Elecon (India) Ltd a stock worth studying right now?

This is not investment advice. The machine read: Eimco Elecon (India) Ltd's price has outrun its earnings. +5.7% in a year against EPS −20.9% — the market is paying now for delivery later. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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