Eimco Elecon (India) Limited (EIMCOELECO) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Eimco Elecon (India) Limited stock ₹596, price ₹2,471, that is 75.9% below the price, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.
How to read this chart
60‑month range ₹297.15 – ₹3,357 · fair‑value band ₹592.41 – ₹716.83 · the ₹2,471 price screens above the ₹595.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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Eimco Elecon (India) Limited engages in the manufacture and sale of equipment for the mining and construction sectors in India.
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Its products include air motors, chair lift man-riding, coal haulers, drill machines, load haul dumpers, dump trucks, piling rigs, rocker shovel loaders, side dump loaders, and wheel loaders, as well as continuous miner package.
The company was incorporated in 1974 and is headquartered in Vallabh Vidya Nagar, India.
Stock analysis
Eimco Elecon (India) Limited (EIMCOELECO) currently trades at ₹2,471, while our model-based Fair Value estimate is ₹595.78, 76% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,278 per share, and 0 of the 16 models we run sit above the ₹2,471 price.
Bear case: the Asset-Based group reads lowest at ₹260.62, and 16 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹592.41 (bear) to ₹716.83 (bull), the price of ₹2,471 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Eimco Elecon (India) Limited reported revenue of ₹2.3B in FY2026 versus ₹844M in FY2022, a compound +28.6%/yr. Reported net income was ₹387M in FY2026, compounding +45.3%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹14.3B (≈ $152M) Micro · P/E ratio 33.9 · P/S ratio 5.35 · EPS (TTM) ₹72.97 · Dividend yield 0.2% · Net margin 15.8% · Return on equity 9.0% · Return on assets (EBIT) 5.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 73% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 7% fair-value upside, at −76%, EIMCOELECO screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹47.99 to ₹1,517). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹592.41Fair Value ₹595.78Bull₹716.83
Price ₹2,471 · Downside -75.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹42.70 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−6.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.0%
Start year 2021 (pandemic). Over 10 years: +5.2% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +32.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +32.5%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 32.5% / 6.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 15%
⚠ Base effect: the rate starts in the earnings trough around 2021 (starting value 16.5 per share, median 34.9 in 2016 to 2019). It measures the recovery from the trough, not lasting growth.
Compare Eimco Elecon (India) Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Farm & Heavy Construction Machinery · 150 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−75.9% · Bottom 25%
Profitability
Return on equity (12 months)9.0% · Above median
Return on assets7.4% · Top 25%
Net margin (12 months)15.8% · Top 25%
Operating margin (12 months)15.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)70.9% · Top 25%
Dividend yield (12 months)0.2% · Bottom 25%
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
P/E (12 months)33.9× · Priciest 25%
P/B3.05× · Priciest 25%
P/S (12 months)5.35× · Priciest 25%
EV/EBITDA27.4× · Priciest 25%
PEG0.69× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 39
FUTURE (revenue growth)100· sector 49
PAST (return on equity)36· sector 35
HEALTH (low debt)100· sector 94
DIVIDEND (yield)3· sector 38
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Eimco Elecon (India) Limited (EIMCOELECO) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of ₹595.78 versus a price of ₹2,471, about 76% lower (overvalued).
What is the fair value of EIMCOELECO?
Our model-based fair value for Eimco Elecon (India) Limited is ₹595.78 (as of Nov 11, 2026), built from audited fundamentals. The current price: ₹2,471.
What is the quality score of EIMCOELECO?
Eimco Elecon (India) Limited has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Eimco Elecon (India) Limited (EIMCOELECO)?
Our model-based price target is the fair value of ₹595.78 (as of Nov 11, 2026) from 16 valuation models. Cautious scenario ₹592.41, optimistic scenario ₹716.83. It is a calculation from audited fundamentals, not an analyst target.
What is the Eimco Elecon (India) Limited stock forecast for 2026?
Our models put fair value at ₹595.78, about 76% lower versus a price of ₹2,471 (overvalued). Cautious scenario ₹592.41, optimistic scenario ₹716.83. The calculation is refreshed regularly with new filings.
What is the revenue of Eimco Elecon (India) Limited (EIMCOELECO)?
Eimco Elecon (India) Limited reported trailing-twelve-month revenue of about ₹2.7B (latest available figure, as of Nov 11, 2026).
Does Eimco Elecon (India) Limited pay a dividend?
Eimco Elecon (India) Limited currently shows a dividend yield of 0.16% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of Eimco Elecon (India) Limited (EIMCOELECO) and when is the ex-dividend date?
Eimco Elecon (India) Limited pays a dividend of ₹4.00 per share a year, a dividend yield of 0.2%. The last ex-dividend date was Jun 12, 2026. A dividend has been paid every year since at least 2002. The payout ratio is 5.5% of earnings. Our assessment: Token dividend. At a yield of 0.2% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.2% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Eimco Elecon (India) Limited (EIMCOELECO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Eimco Elecon (India) Limited it is ₹595.78 per share (as of Nov 11, 2026), against a price of ₹2,471. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Eimco Elecon (India) Limited stock overvalued or undervalued in 2026?
As of Nov 11, 2026, EIMCOELECO trades above its calculated fair value: price ₹2,471, fair value ₹595.78, a gap of about −76% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EIMCOELECO?
No. The price is what the market pays today (₹2,471); the fair value is what the company's own numbers justify (₹595.78). For Eimco Elecon (India) Limited the two are ₹1,875 per share apart. That gap is exactly why we show both numbers side by side.
How much is Eimco Elecon (India) Limited worth?
The market values Eimco Elecon (India) Limited at about ₹14.3B (market capitalisation, as of Nov 11, 2026). Per share that is ₹2,471; our models calculate a fair value of ₹595.78 per share.
What do the bullish and bearish scenarios say about EIMCOELECO?
Our models span a range for Eimco Elecon (India) Limited: cautious scenario ₹592.41, base ₹595.78, optimistic ₹716.83 per share (as of Nov 11, 2026, price ₹2,471). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EIMCOELECO?
Eimco Elecon (India) Limited trades at a price-to-earnings ratio of 33.9 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹595.78 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 15.8. Other multiples: PEG 0.7, P/B 3.1, P/S 5.3, EV/EBITDA 27.4.
What is the PEG ratio of EIMCOELECO?
The PEG ratio of Eimco Elecon (India) Limited is 0.69 (P/E divided by earnings growth, as of Nov 11, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Eimco Elecon (India) Limited (EIMCOELECO)?
Balance-sheet figures for Eimco Elecon (India) Limited (as of Nov 11, 2026): return on equity 9.0%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is EIMCOELECO from its 52-week high?
Eimco Elecon (India) Limited trades at ₹2,471, about 2% below its 52-week high of ₹2,517 and 73% above the low of ₹1,425 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹595.78 is for.
Which stocks are comparable to Eimco Elecon (India) Limited?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Eimco Elecon (India) Limited stock attractive at the current price?
The data as of Nov 11, 2026: price ₹2,471, calculated fair value ₹595.78 (−76%), Quality Score 46/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EIMCOELECO calculated?
We run Eimco Elecon (India) Limited through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹595.78 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Eimco Elecon (India) Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Eimco Elecon (India) Limited (EIMCOELECO)?
The closing price on Nov 11, 2026 was ₹2,471. Our model-based fair value is ₹595.78, about 76% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Eimco Elecon (India) Limited right now?
The price sits above even our optimistic bull case (₹716.83). The favourable scenario is already priced in. Weak quality (46/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Eimco Elecon (India) Limited (EIMCOELECO) come from?
Earnings per share at Eimco Elecon (India) Limited grew +8.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share +3.7 %, EBIT margin +3.6 %, tax rate +0.0 %, residual (interest, one-offs) +0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Eimco Elecon (India) Limited
How large is the market capitalisation of Eimco Elecon (India) Limited (EIMCOELECO)?
The market capitalisation of Eimco Elecon (India) Limited is ₹14.3B (≈ $152M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Eimco Elecon (India) Limited (EIMCOELECO)?
The price-to-sales ratio of Eimco Elecon (India) Limited is 5.35 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Eimco Elecon (India) Limited (EIMCOELECO)?
Earnings per share at Eimco Elecon (India) Limited are ₹72.97 (price ÷ EPS = P/E 33.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Eimco Elecon (India) Limited (EIMCOELECO)?
The dividend yield of Eimco Elecon (India) Limited is 0.2% (payout 5.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Eimco Elecon (India) Limited (EIMCOELECO)?
The net margin of Eimco Elecon (India) Limited is 15.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Eimco Elecon (India) Limited (EIMCOELECO)?
The return on equity (ROE) of Eimco Elecon (India) Limited is 9.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Eimco Elecon (India) Limited (EIMCOELECO)?
On an EBIT basis the return on assets of Eimco Elecon (India) Limited is 5.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Eimco Elecon (India) Limited (EIMCOELECO)?
The operating margin of Eimco Elecon (India) Limited is 15.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Eimco Elecon (India) Limited (EIMCOELECO)?
Revenue at Eimco Elecon (India) Limited is growing +70.9% versus a year earlier (3y avg +10.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Eimco Elecon (India) Limited (EIMCOELECO)?
Earnings per share at Eimco Elecon (India) Limited are growing +46.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Eimco Elecon (India) Limited (EIMCOELECO) generate?
The free cash flow of Eimco Elecon (India) Limited is −₹384M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Eimco Elecon (India) Limited (EIMCOELECO) carry?
The net debt of Eimco Elecon (India) Limited is ₹36.8M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 11, 2026