Shares of this small-cap engineering company delivered over 150% returns to its investors in a year!

Multi-bagger Stocks

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 438 Views
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An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 2.6 lakh today.

Elecon Engineering Company Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 144 on 29 March 2022 to Rs 379.10 on 24 March 2023, an increase of 163% YoY.

An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 2.6 lakh today.

Recent performance highlights 

In the recent quarter Q3FY23, on a consolidated basis, the company’s net revenue increased by 42.8% YoY to Rs 388.8 crore. Similarly, the bottom line increased by 98.3% YoY to Rs 61.9 crore.

The company is currently trading at a TTM PE of 19.7x against the industry PE of 29x. In FY22, the company delivered an ROE and ROCE of 14% and 17.5%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 4,252.94 crore.

Share Price movements   

Today, the scrip of Elecon Engineering Company Ltd opened at Rs 377.95 and has touched a high and low of Rs 387 and Rs 375.90, respectively. So far 20,945 shares have been traded on the bourses.

At 12.36 pm, the shares of Elecon Engineering Company Ltd were trading at Rs 372.30, a decrease of 1.79% from the previous closing price of Rs 379.10 on BSE. The stock has a 52-week high & low of Rs 475.75 and Rs 138 respectively on BSE.

Company Profile 

Elecon Engineering Company Ltd is engaged in delivering power transmission solutions and material handling equipment. The company caters to the needs of various sectors like steel, fertilisers, cement, coal, lignite and iron ore mines, sugar, power stations and port mechanization in India and abroad. They have emerged as the largest gear manufacturing company in Asia.

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Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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