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Eimco Elecon (India) Limited (EIMCOELECO) Fair Value & Analysis

Industrials · IN · Market cap ₹10.0B

EE Eimco Elecon (India) Limited EIMCOELECO · NSE
Price₹1,795
Fair Value₹1,002
Upside-44.2%
Quality46/100
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Expensive Growth
Solidly profitable · 16.6% net margin
Low debt · negative free cash flow
0.22% dividend yield
Mixed vs. peers (6/14)
Moderate moat 59/100
Evidence: High Range ₹749.57 – ₹1,254 Share as image

Fair value as of: Aug 2, 2026

From 16 valuation models · updated 11 days ago

Share price +0.2% over the past month.

Below-average quality, and screening another 44% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹1,254). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹3,357 ₹297.15 Fair Value ₹1,002 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹297.15 – ₹3,357 · fair‑value band ₹749.57 – ₹1,254 · the ₹1,795 price screens above the ₹1,002 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Eimco Elecon (India) Limited (EIMCOELECO) currently trades at ₹1,795, while our model-based Fair Value estimate is ₹1,002, implying the stock looks roughly 44.2% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Eimco Elecon (India) Limited generated revenue of ₹2.3B at a net margin of 16.6%. Revenue grew 5.8% year over year. It earns a return on equity of 8.6%. Net debt stands at ₹36.8M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹749.57 (bear case) to ₹1,254 (bull case); at ₹1,795, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at -44%, EIMCOELECO screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income ₹666.23 ₹711.98 ₹805.97 76
ROIC Compounder ₹356.66 ₹412.80 ₹461.23 72
Gordon GGM ₹43.88 ₹87.44 ₹132.40 70
All 16 models by family
Earnings-Based
Graham-Dodd ₹456.37 ₹1,517 ₹2,031 54
Lynch FV ₹343.42 ₹490.60 ₹637.77 50
PEG = 1.0 ₹343.42 ₹490.60 ₹637.77 46
EPV ₹356.66 ₹412.80 ₹461.23 59
Dividend Discount
Gordon GGM ₹43.88 ₹87.44 ₹132.40 70
DDM Multi-Stage ₹43.88 ₹73.48 ₹92.30 61
Multiples
P/E Multiple ₹1,057 ₹1,409 ₹1,762 63
P/S Multiple ₹600.03 ₹800.04 ₹1,000 58
P/B Multiple ₹855.69 ₹1,141 ₹1,426 55
EV/EBIT ₹757.11 ₹1,009 ₹1,261 53
EV/EBITDA ₹727.46 ₹969.57 ₹1,212 54
EV/Revenue ₹505.17 ₹721.18 ₹937.19 43
Asset-Based
NCAV (Graham) ₹405.23 ₹543.01 ₹810.46 50
Economic Profit
Residual Income ₹666.23 ₹711.98 ₹805.97 76
ROIC Compounder ₹356.66 ₹412.80 ₹461.23 72
Growth Earnings
Growth-Adj P/E ₹894.58 ₹1,278 ₹1,661 68

Widest divergence: Growth Earnings (₹1,278) versus Dividend Discount (₹73.48). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹2.3B
Revenue growth (YoY) +5.8%
Net margin 16.6%
Return on equity 8.6%
Free cash flow −₹384M FY2026
P/E ratio 25.7
More key figures
Operating margin 19.0%
EPS (TTM) ₹67.08
Dividend yield 0.2%
EPS growth (YoY) -57.2%
Net debt ₹36.8M FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 46 · Market factors (momentum, volatility) 39

Profitability 46
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Eimco Elecon (India) Limited engages in the manufacture and sale of equipment for the mining and construction sectors in India. 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.

Full company description

Eimco Elecon (India) Limited engages in the manufacture and sale of equipment for the mining and construction sectors in India. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹2.3B
Latest YoY
−6.4%
Avg. growth/yr (3Y) 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.
+10.1%
Avg. growth/yr (5Y) 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.
+13.0%
Avg. growth/yr (20Y) 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.
+4.8%
Revenue +28.6%/yr
FY22 ₹844M
FY23 ₹1.7B
FY24 ₹2.3B
FY25 ₹2.5B
FY26 ₹2.3B
Net income +45.3%/yr
FY22 ₹86.8M
FY23 ₹195M
FY24 ₹404M
FY25 ₹489M
FY26 ₹387M
Character of growth · EPS growth decomposed (2015-2026) +8.1 % p.a.
Revenue per share +3.7 pp

of which total revenue +3.7 pp · buybacks/dilution +0.0 pp

EBIT margin +3.6 pp
Tax rate +0.0 pp
Residual (interest, one-offs) +0.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

EIMCOELECO screens 44% overvalued. Compare with Caterpillar Inc →

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Cite: Fair Value Calculator (2026). "Eimco Elecon (India) Limited Fair Value". https://www.fairvalue-calculator.com/stock/EIMCOELECO

Peer Group

Farm & Heavy Construction Machinery · 150 stocks

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.

Quality Score 46 · Below median
Fair Value upside −44% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 6% · Below median
Dividend yield (TTM) 0.2% · Bottom 25%

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/E (TTM) 25.7× · Pricier than median
P/B 2.13× · Pricier than median
P/S (TTM) 4.27× · Pricier than 75% of peers
EV/EBITDA 22.3× · Pricier than 75% of peers
PEG 0.69× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 22
FUTURE 29 · sector 31
PAST 34 · sector 33
HEALTH 100 · sector 93
DIVIDEND 4 · sector 39

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $952.41 $307.83 -68%
Deere & Company DE $597.24 $187.86 -69%
AB Volvo (publ), VOLVA kr 336.60 kr 288.08 -14%
PACCAR Inc PCAR $126.20 $94.80 -25%
Epiroc AB EPIA kr 251.90 kr 144.14 -43%
Exor N.V EXO €69.40 €219.41 +216%
Sany Heavy Industry Co 600031 ¥18.65 ¥20.84 +12%
XCMG Construction Machinery Co 000425 ¥8.39 ¥11.79 +41%
Sinotruk (Hong Kong) Limited 3808 HK$41.00 HK$53.51 +31%
Yutong Bus Co 600066 ¥32.29 ¥42.00 +30%

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Frequently asked questions

Is Eimco Elecon (India) Limited (EIMCOELECO) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹1,002 versus a price of ₹1,795, about −44% (overvalued).
What is the fair value of EIMCOELECO?
Our model-based fair value for Eimco Elecon (India) Limited is ₹1,002 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹1,795.
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 revenue of Eimco Elecon (India) Limited (EIMCOELECO)?
Eimco Elecon (India) Limited reported trailing-twelve-month revenue of about ₹2.3B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of EIMCOELECO?
The net profit margin of Eimco Elecon (India) Limited is about 16.6%, meaning it keeps roughly 16.6% of revenue as net income. Based on the latest reported figures.
Does Eimco Elecon (India) Limited pay a dividend?
Eimco Elecon (India) Limited currently shows a dividend yield of about 0.22% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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