Company Valuation: Elecon Engineering Company Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 42,849 106,573 100,778 79,606 93,339 - -
Change - 148.72% -5.44% -21.01% 17.25% - -
Enterprise Value (EV) 1 42,849 106,573 93,081 71,583 80,146 77,609 73,841
Change - 148.72% -12.66% -23.1% 11.96% -3.17% -4.86%
P/E - 30x 24.3x - 24.5x 17.7x 15x
PBR - - 5.04x 3.45x 3.56x 3.02x 2.64x
PEG - - 1.5x - - 0.5x 0.8x
Capitalization / Revenue - 5.5x 4.53x 3.36x 3.52x 2.92x 2.44x
EV / Revenue - 5.5x 4.18x 3.03x 3.02x 2.43x 1.93x
EV / EBITDA - 20.6x 17.2x 13.7x 14.3x 10.8x 8.41x
EV / EBIT - - 17.2x 14.3x 17.9x 11.9x 10x
EV / FCF - - 25.3x 32.9x 20.2x 23.5x 18.3x
FCF Yield - - 3.96% 3.04% 4.94% 4.26% 5.47%
Dividend per Share 2 - - - 1.5 3 4 5
Rate of return - - - 0.42% 0.72% 0.96% 1.2%
EPS 2 - 15.84 18.5 - 17 23.5 27.8
Distribution rate - - - - 17.6% 17% 18%
Net sales 1 - 19,374 22,270 23,660 26,521 31,938 38,272
EBITDA 1 - 5,185 5,426 5,230 5,607 7,170 8,780
EBIT 1 - - 5,419 5,001 4,480 6,522 7,387
Net income 1 2,375 3,556 4,151 3,412 3,812 5,268 6,247
Net Debt 1 - - -7,697 -8,023 -13,193 -15,730 -19,498
Reference price 2 190.95 474.92 449.10 354.75 415.95 415.95 415.95
Nbr of stocks (in thousands) 224,400 224,400 224,400 224,400 224,400 - -
Announcement Date 4/25/23 4/19/24 4/24/25 4/15/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.47x5.24x19.09x0.83% 120B
27.1x4.99x17.46x2.22% 34.91B
29.46x3.94x14.88x0.11% 28.96B
20.96x3.52x11.15x1.53% 27.43B
93.33x35.22x76.81x0.41% 24.29B
20.98x3.05x13.13x1.12% 25.58B
23.29x2.85x12.28x1.62% 24.96B
26.25x3.3x16.12x1.72% 24.29B
Average 33.98x 7.76x 22.61x 1.2% 38.8B
Weighted average by Cap. 32.39x 6.76x 21.06x 1.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation Elecon Engineering Company Limited