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Elecon Engineering Company Ltd.

Main Activities: Professional, Scientific, and Technical Services

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Company Information

Full name
Elecon Engineering Company Ltd.

Headquarters
Anand Sojitra Road, , ; Vallabh Vidyanagar; Gujarat; 388120
Legal Address
Anand Sojitra Road, , ; Vallabh Vidyanagar; Gujarat; 388120
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : INE205B01023
Financial Auditors: Thacker Butala Desai (2011)
Incorporation Date: January 11, 1960
Total Employees: 1,290

Tel: (02692) 227109, 230166

Company Description

Established in 1951, Elecon Engineering Company Ltd of Vallabh Vidyanagar, Gujarat, India, pioneered the manufacture of material handling equipment in India. It manufactured sophisticated equipment for Bulk Material Handling.

Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues increased with 23.18%, from INR 1,316.16 tens of millions to INR 1,621.2 tens of millions. Operating result increased from INR 202.21 tens of millions to INR 208.69 tens of millions which means 3.20% change. The results of the period decreased -31.48% reaching INR 60.71 tens of millions at the end of the period against INR 88.6 tens of millions last year. Return on equity (Net income/Total equity) went from 21.18% to 13.24%, the Return On Asset (Net income / Total Asset) went from 8.01% to 3.16% and the Net Profit Margin (Net Income/Net Sales) went from 6.73% to 3.74% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 418.53% compared to 264.36% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.03 to 1.52 when compared to the previous year.

Key Executives

Prayasvin B Patel Chairman & Managing Director
Prayasvin B Patel Chairman & Managing Director
Prashant Amin Executive Director
Chirayu R Amin Independent Non Executive Director
Hasmukhlal S Parikh Independent Non Executive Director
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Balance Sheet

Shareholders Equity

18

474

* All the accounts are in INR.
Income Statement

Total Operating Revenue

767

565

Operational Profit (Loss)

87

68

Net Profit (Loss)

36

29

* All the accounts are in INR.
Ratios
Profitability Ratios

Return on Equity (ROE)

196.12%

158.16%

Annualised Return on Equity (ROE)

261.49%

316.32%

Return on Sales (ROS)

101.21%

101.17%