Elecon Engineering Company Limited - Fundamental Company Report Including Financial, Business, Recent Development, Industry Overview, Competitors and Key Risk Analysis
In corporate in 1951, Elecon Engineering Company is a leading Material Handling Equipment Manufacturer in India. The business of the company is segmented into two: (i) Material Handling Equipment Division and (ii) Gear Division.
Material Handling Equipment Division (MHE)
The company has got more than 6 decades experience in this business. Elecon is the single largest company, which offers all types of Bulk Material Handling Equipments and products. It is one of the first companies to introduce the concept of mechanized bulk material handling in India and have supplied hi-tech material equipments to core sectors like Steel, Fertilizer, Cement, Power, Coal, Lignite & Iron Ore Mines and Port Mechanization across the globe. The manufacturing facility of MHE is spread over 117,000 sq. mts.
Gear Division
Elecon is one of the largest manufacturers of industrial gears and was the first company in India to introduce modular design concept, case hardened and ground gear technology. Elecon is the only manufacturer in India to build MW Class Gearboxes. It is the only Indian manufacturer of Vertical Roller Mill Gear for the power and cement industry. This division of the company supplied its products to various industries like Sugar, Cement, Steel, Fertilizer, Rubber etc. The manufacturing facility of the gear division of Elecon is one of the largest in Asia and it produces largest range of gears in Asia.
In the third quarter, the company has witnessed a strong order inflow. Current order book of the company stood at ` 16.91bn, which is 1.60x the company’s revenue of FY10. This gives good revenue visibility for next two years. Major part of the company’s order book comprises of orders of MHE Division. We expect a robust order inflow in the coming quarters also.
Material Handling Equipment Division (MHE)
The company has got more than 6 decades experience in this business. Elecon is the single largest company, which offers all types of Bulk Material Handling Equipments and products. It is one of the first companies to introduce the concept of mechanized bulk material handling in India and have supplied hi-tech material equipments to core sectors like Steel, Fertilizer, Cement, Power, Coal, Lignite & Iron Ore Mines and Port Mechanization across the globe. The manufacturing facility of MHE is spread over 117,000 sq. mts.
Gear Division
Elecon is one of the largest manufacturers of industrial gears and was the first company in India to introduce modular design concept, case hardened and ground gear technology. Elecon is the only manufacturer in India to build MW Class Gearboxes. It is the only Indian manufacturer of Vertical Roller Mill Gear for the power and cement industry. This division of the company supplied its products to various industries like Sugar, Cement, Steel, Fertilizer, Rubber etc. The manufacturing facility of the gear division of Elecon is one of the largest in Asia and it produces largest range of gears in Asia.
In the third quarter, the company has witnessed a strong order inflow. Current order book of the company stood at ` 16.91bn, which is 1.60x the company’s revenue of FY10. This gives good revenue visibility for next two years. Major part of the company’s order book comprises of orders of MHE Division. We expect a robust order inflow in the coming quarters also.
1. SYNOPSIS
2. FINANCIAL PERFORMANCE
3. RECENT DEVELOPMENTS
4. BUSINESS
5. INDUSTRIAL OVERVIEW
6. FINANCIALS
7. OUT LOOK & CONCLUSION/ VALUATION
8. PEER COMPARISON
9. KEY RISKS
2. FINANCIAL PERFORMANCE
3. RECENT DEVELOPMENTS
4. BUSINESS
5. INDUSTRIAL OVERVIEW
6. FINANCIALS
7. OUT LOOK & CONCLUSION/ VALUATION
8. PEER COMPARISON
9. KEY RISKS
