# Elecon Engineering Company share price today (Elecon Engineering Company Ltd, NSE: ELECON)

> Elecon Engineering Company share price today: ₹427.95 at the NSE close on 3 November 2026, down 23.8% in a year. Elecon Engineering Company (NSE: ELECON) is worth ₹9,597 crore, trades at a P/E of 30.9 and has closed between ₹372.30 and ₹558.65 over the past 52 weeks. > Elecon Engineering Company Ltd's share price has fallen more than its earnings. Earnings per share fell 17.8% in a year while the price moved −23.8%. ELECON · Capital Goods - Mining Equipement · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/elecon-engineering-company-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹427.95 (−23.8% in a year)
- P/E: 30.9× (higher than 68% of the last 11 years)
- Revenue (Sep 2026): ₹639 Cr (+10.6% on a year ago)
- Profit (Sep 2026): ₹96.0 Cr (+9.1% on a year ago)
- Operating margin: 23.0% (+1.0 points on a year ago)
- ROCE: 21%, FY26
- ROIC: 15.8%, against a 12.0% cost of capital: +3.8 points

The main question: foreign institutions moved −2.9 percentage points over 8 quarters while the business went the other way. ## What is the Elecon Engineering Company share price today? Elecon Engineering Company Ltd's share price was ₹427.95 at the close on 3 November 2026. It has been falling for 12 weeks. That is 8.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹372 and ₹559, and at that close it sat 30% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 4 weeks in a row. Over the last 11 years the share price moved +1,361% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Elecon Engineering Company this quarter? Two changes stood out: foreign funds (FIIs) cut their stake for 5 quarters in a row and profit grew again in the September 2026 quarter. 1. Foreign funds (FIIs) cut their stake for 5 quarters in a row From 9.6% to 6.9% of the company by the September 2026 quarter. 2. Profit grew again in the September 2026 quarter Profit was ₹96 crore, +9.1% on a year earlier (₹88 crore), after 3 quarters of decline. ## What are Elecon Engineering Company's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Elecon Engineering Company reported revenue of ₹639 crore, up 10.6% from ₹578 crore a year earlier, and a profit of ₹96.0 crore, up 9.1% from ₹88.0 crore. ### Elecon Engineering Company results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹639 crore | ₹578 crore | +10.6% |
| Profit | ₹96.0 crore | ₹88.0 crore | +9.1% |
| Earnings per share | ₹4.29 | ₹3.91 | +9.7% |
| Operating margin | 23.0% | 22.0% | +1.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Elecon Engineering Company's management discussed these results on a call held on 15 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Elecon Engineering Company share price history? Elecon Engineering Company closed at ₹427.95 on 3 November 2026, down 23.8% from ₹561.45 a year earlier (31 October 2025) and up 408.0% over five years. Its highest weekly close since March 2016 was ₹695.30 on 27 September 2024. ### Elecon Engineering Company share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹416.20 | +2.8% |
| 1 month ago · 1 Oct 2026 | ₹440.00 | −2.7% |
| 6 months ago · 30 Apr 2026 | ₹506.65 | −15.5% |
| 1 year ago · 31 Oct 2025 | ₹561.45 | −23.8% |
| 3 years ago · 3 Nov 2023 | ₹442.38 | −3.3% |
| 5 years ago · 4 Nov 2021 | ₹84.25 | +408.0% |
| 10 years ago · 4 Nov 2016 | ₹30.60 | +1,298.5% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹29.30 | +1,360.6% |
| Highest weekly close since March 2016 · 27 Sep 2024 | ₹695.30 | −38.5% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹9.38 | +4,462.4% |
| 52-week high (weekly close) · 17 Jun 2026 | ₹558.65 | −23.4% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹372.30 | +14.9% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Elecon Engineering Company? 3 Nov 2026: Elecon Engineering Company closed at ₹427.95, up 2.8% on the week and down 2.7% on the month. 21 Oct 2026: ex-date for an interim dividend of ₹0.50 a share. ### Earlier

- 15 Oct 2026: Elecon Engineering Company held its results call for July to September 2026. Management guided: H2 FY27 consolidated revenue growth around 15%. - Results for July to September 2026: Revenue up 10.6% and profit up 9.1% on a year earlier. - 12 Jun 2026: ex-date for a dividend of ₹1.50 a share. - 19 Jul 2024: Share split: face value cut from ₹2 to ₹1 a share (ex-date). ## What dividend does Elecon Engineering Company pay? Elecon Engineering Company paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 0.47% at the ₹427.95 close on 3 November 2026. The last was an interim dividend of ₹0.50 a share, ex-date 21 October 2026. ### Elecon Engineering Company dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 21 Oct 2026 | ₹0.50 | Interim |
| 12 Jun 2026 | ₹1.50 | Dividend |
| 16 Oct 2025 | ₹0.50 | Interim |
| 13 Jun 2025 | ₹1.50 | Dividend |
| 28 Oct 2024 | ₹0.50 | Interim |
| 14 Jun 2024 | ₹2 | Dividend |
| 31 Oct 2023 | ₹1 | Interim |
| 9 Jun 2023 | ₹2 | Dividend |
| 9 Jun 2022 | ₹1.40 | Final + Special |
| 22 Jul 2021 | ₹0.40 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Elecon Engineering Company Ltd paid out 13% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Elecon Engineering Company management say on the latest results call? On the call for July to September 2026, held on 15 October 2026, Elecon Engineering Company's management guided: H2 FY27 consolidated revenue growth around 15%. > “We are confident that by FY30 we should achieve 50% of our turnover from overseas markets.”
> Prayaswin Patel, Chairman & Managing Director, on the call for July to September 2026

### What management guided

- H2 FY27 consolidated operating margin at least FY26 level. - MHE FY27 margin 22%-24%. - Gear operating margin trajectory 20%-22%. - FY30 consolidated revenue ₹5,000 crore and overseas mix 50%. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/754/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 15 October 2026.)

## What to watch in Elecon Engineering Company's next results? When Elecon Engineering Company reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Post-Diwali customer clearances: check whether finished goods convert into billed deliveries through H2. - What to check (from the call)
- Post-Diwali customer clearances: check whether finished goods convert into billed deliveries through H2. - MHE margin recovery: test whether project scale-up and delayed power-order invoicing lift segment profitability. - Gear debottlenecking and engineered-export conversion: track whether machine constraints ease and overseas orders continue to execute. ## Which stock lists is Elecon Engineering Company on? Elecon Engineering Company is not on any of our India lists this week. ## Is Elecon Engineering Company profitable? Elecon Engineering Company Ltd earned ₹96.0 Cr of net profit in the Sep 2026 quarter, +9.1% on the same quarter a year earlier. Full-year FY26 profit was ₹341 Cr. Over 10 years profit has grown 24.9% a year on average. That is 15.0% of the quarter's revenue. The same quarter a year earlier earned ₹88.0 Cr. For the full year, FY26 profit was ₹341 Cr (−17.8% on the year before). Why profit moved: revenue changed +10.6% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −45.0% and revenue +3.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Elecon Engineering Company make, and is it growing? Elecon Engineering Company Ltd reported ₹639 Cr of revenue in the Sep 2026 quarter, +10.6% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 6.3% a year on average. The last full year, FY26, came in at ₹2,366 Cr. The last four reported quarters add to ₹2,458 Cr. FY26 revenue was ₹2,366 Cr, +6.2% on the year before. Recent pace: the last four quarters grew +3.6% on average, against 6.3% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +2.6%, against +12.6% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −52.8%, against −17.1% a year (rolling over). ## How much of every ₹100 of sales does Elecon Engineering Company keep? Elecon Engineering Company Ltd's operating margin was 23.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 11.0% and 25.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +1.4 percentage points on the year while gross margin changed +5.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Elecon Engineering Company's profit turning into cash? Over the last 3 years, 99% of Elecon Engineering Company Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹314 Cr of operating cash against ₹341 Cr of profit. After ₹136 Cr of spending on assets, ₹178 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 99% of profit came in as cash: the cash cycle got 69 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 1.9× depreciation over three years. The next section checks what that spending is building. ## Where does Elecon Engineering Company's cash go? Elecon Engineering Company Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 115 days in FY26, up from 46 days in FY21. It spent ₹415 Cr on assets over the last 3 years. Customers take 111 days to pay, and stock sits for 98 days on average. At FY26 sales of ₹2,366 Cr, each day of that cycle ties up about ₹6.5 Cr, so roughly ₹745 Cr is tied up in the business at any time. FY26: customers took 111 days to pay and stock sat for 98 days, about 3.2 months of sales sitting as stock, for a full cycle of 115 days, longer than FY21's 46. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 98 days. Customers pay about 111 days after that. Suppliers are paid at 94 days. Together that makes the 115-day cycle. Spending on assets: ₹415 Cr over the last 3 years, against ₹216 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹23.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Elecon Engineering Company's P/E ratio, and how does it compare with its own history? Elecon Engineering Company Ltd's P/E is 30.9×, in the middle of its own history: higher than 68% of past readings. Its usual P/E (the middle reading) is 23.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹10.91. Why the multiple is where it is: over the past year earnings per share moved −17.8% while the price moved −23.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +38.4% a year; about +21.2% a year came from earnings growth and about +17.2 percentage points from the multiple (the market paying more); over 10 years the price moved +30.2% a year; about +30.7% a year came from earnings growth and about −0.5 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Elecon Engineering Company business getting better or worse? Elecon Engineering Company Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −52.8% in the latest quarter, against +49.6% at its best in 12 quarters, with ROCE falling at 14.3%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Elecon Engineering Company earn on its capital? Elecon Engineering Company Ltd earned a ROCE of 21% in FY26. That is up from a low of 6% in FY18. Its return on capital used (ROIC) is 3.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 14.4% net margin and 0.73× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 14.4% net margin × 0.73× asset turnover × 1.40× leverage (assets divided by equity) ≈ 14.7% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 15.8% − 12.0% = +3.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 15.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 19.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Elecon Engineering Company have too much debt? Elecon Engineering Company Ltd has total debt of ₹361 Cr against shareholder equity of ₹2,509 Cr as of Sep 2026, so its debt is 0.14× its equity, which is very little. Year by year, that ratio went from 0.14 in FY22 to 0.12 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Elecon Engineering Company shareholding pattern? Domestic institutions raised their stake in Elecon Engineering Company Ltd by 4.1 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 7.1% of the company. Foreign institutions moved −2.9 points over the same period, to 6.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +4.1 points over 8 quarters, to 7.1%; Foreign institutions: −2.9 points over 8 quarters, to 6.9%; Promoters: +0.0 points over 8 quarters, to 59.3%. Why the owners changed: foreign institutions moved −2.9 points and domestic institutions +4.1 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Elecon Engineering Company from balance-sheet trouble? For Elecon Engineering Company Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Elecon Engineering Company rank in its industry? 45.3 out of 100, rank 1 of 3 in Capital Goods - Mining Equipement, with 90% of the evidence available. Elecon Engineering Company Ltd scores 45.3 out of 100 against the 3 companies it is compared with in Capital Goods - Mining Equipement, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 8.1 + 20.1 + 9.5 + 7.6 = 45.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Elecon Engineering Company compared with? Elecon Engineering Company ranks 1 of 3 Capital Goods - Mining Equipement companies on the 4-Factor Sector Score, with 45.3 out of 100. 1. Elecon Engineering Company Ltd this page ELECON · turning · Evidence leans down · 90% evidence 45.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.1/35 · Revenue 2.6% · Profit -52.8% · Operating margin change 1 points · 100% evidence Capital efficiency 20.1/25 · ROCE 20.9% · Operating margin 23% · 100% evidence Valuation 9.5/20 · P/E 30.3× · PEG 1.81 · 50% evidence Relative strength 7.6/20 · Lead over its industry -3.9% · Lead over NIFTY 500 -3.8% · 1 year -25.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 8.1 + 20.1 + 9.5 + 7.6 = 45.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [AIA Engineering Ltd](https://www.sectoralpha.in/stocks/aia-engineering-ltd) AIAENG · quiet · Evidence leans down · 93% evidence 42.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue 5.6% · Profit 14.4% · Operating margin change -3 points · 88% evidence Capital efficiency 21.2/25 · ROCE 21.1% · Operating margin 26% · 100% evidence Valuation 7.2/20 · P/E 26.4× · PEG 4.6 · 85% evidence Relative strength 0.0/20 · Lead over its industry -6.4% · Lead over NIFTY 500 -6.2% · 1 year 10.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 14.4 + 21.2 + 7.2 + 0 = 42.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Tega Industries Ltd](https://www.sectoralpha.in/stocks/tega-industries-ltd) TEGA · breaking out · Evidence leans down · 61% evidence 36.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.7/35 · Revenue 85% · Profit -80% · Operating margin change -12.8 points · 88% evidence Capital efficiency 5.7/25 · ROCE 8.1% · Operating margin 3.2% · 100% evidence Valuation 10.0/20 · P/E 579.5× · PEG n/a · 0% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.3% · 1 year -13.2% · 25% evidence · 7 of 12 weeks ahead Exact sum: 10.7 + 5.7 + 10 + 9.8 = 36.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Capital Goods - Mining Equipement](https://www.sectoralpha.in/sectors/capital-goods-mining-equipement), all 3 compared on one page. ## Which companies are close to Elecon Engineering Company in size? Elecon Engineering Company is the 3rd largest of 3 Capital Goods - Mining Equipement companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: AIA Engineering and Tega Industries. It is the smallest. ### Capital Goods - Mining Equipement companies close in size

1. [AIA Engineering Ltd](https://www.sectoralpha.in/stocks/aia-engineering-ltd) ₹33,557 crore
2. [Tega Industries Ltd](https://www.sectoralpha.in/stocks/tega-industries-ltd) ₹12,726 crore
3. Elecon Engineering Company Ltd ₹9,419 crore

[All 3 Capital Goods - Mining Equipement companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-mining-equipement#all-companies)

### Companies close in size in other industries

1. [Park Medi World Ltd](https://www.sectoralpha.in/stocks/park-medi-world-ltd) ₹9,490 crore · Hospitals/Medical Services
2. [Rategain Travel Technologies Ltd](https://www.sectoralpha.in/stocks/rategain-travel-technologies-ltd) ₹9,472 crore · IT Product Companies
3. Elecon Engineering Company Ltd ₹9,419 crore
4. [Powergrid Infrastructure Investment Trust](https://www.sectoralpha.in/stocks/powergrid-infrastructure-investment-trust) ₹9,417 crore · Infrastructure Investment Trusts
5. [Procter & Gamble Health Ltd](https://www.sectoralpha.in/stocks/procter-gamble-health-ltd) ₹9,413 crore · Pharma - MNC bulk Drugs

## What else do people ask about Elecon Engineering Company? ### What is Elecon Engineering Company's share price today? Elecon Engineering Company Ltd's share price is ₹427.95, −23.8% over the past year. The whole company is worth ₹9,597 Cr on the market. In the last 52 weeks it traded between ₹372 to ₹559; today it is 30% of the way up from the low, 8.1% below its 200-day average (as of 3 November 2026). ### What were Elecon Engineering Company's latest quarterly results? Elecon Engineering Company Ltd reported revenue of ₹639 Cr and net profit of ₹96.0 Cr for the Sep 2026 quarter. Revenue rose 10.6% and profit rose 9.1% compared with a year earlier. Earnings per share were ₹4.29. The operating margin was 23.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Elecon Engineering Company's market cap? Elecon Engineering Company Ltd's market capitalisation is ₹9,597 Cr at a share price of ₹427.95. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Elecon Engineering Company performing? Elecon Engineering Company Ltd's share price has been falling for 12 weeks. In its latest quarter, revenue rose 10.6% and profit rose 9.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 4 weeks running (as of 3 November 2026). ### Will Elecon Engineering Company's share price go up? This page does not forecast Elecon Engineering Company Ltd's share price. What it shows instead: the share price is ₹427.95, and it has been falling for 12 weeks. Its P/E of 30.9× is higher than 68% of its own last 11 years (as of 3 November 2026). ### Who owns Elecon Engineering Company? Promoters own 59.3% of Elecon Engineering Company Ltd, foreign institutions 6.9%, domestic institutions 7.1% and the public 26.7% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 4.1 percentage points over 8 quarters (as of 3 November 2026). ### Does Elecon Engineering Company have too much debt? No, Elecon Engineering Company Ltd has little debt: its debt is 0.12× its equity, and its operating profit is 21 times its interest bill. FY26 borrowings were ₹273 Cr against equity of ₹2,305 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Elecon Engineering Company in its business cycle? Elecon Engineering Company Ltd's FY26 operating margin was 22.0%, against a 13-year range of 11.0% to 25.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 23.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Elecon Engineering Company story? The main question: foreign institutions moved −2.9 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Elecon Engineering Company a stock worth studying right now? What the numbers show: Elecon Engineering Company Ltd's share price has fallen more than its earnings. Earnings per share fell 17.8% in a year while the price moved −23.8%. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Elecon Engineering Company share price forecast for 2026? What management itself guided: H2 FY27 consolidated revenue growth around 15%. This is research, not advice. We’re not SEBI-registered.