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

Industrials · IN · Market cap ₹12.5B

EE Eimco Elecon (India) Limited EIMCOELECO · BSE
Price₹2,171
Fair Value₹1,007
Upside-53.6%
Quality48/100
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Expensive Growth
Solidly profitable · 16.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Moderate moat 51/100
Evidence: Medium Range ₹754.63 – ₹1,260 Share as image

Fair value as of: Aug 20, 2026

From 14 valuation models · updated today

Share price +19.1% over the past month.

Below-average quality, and screening another 54% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹1,260). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹3,310 ₹298.18 Fair Value ₹1,007 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range ₹298.18 – ₹3,310 · fair‑value band ₹754.63 – ₹1,260 · the ₹2,171 price screens above the ₹1,007 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Eimco Elecon (India) Limited (EIMCOELECO) currently trades at ₹2,171, while our model-based Fair Value estimate is ₹1,007, implying the stock looks roughly 53.6% overvalued today. The Quality Score stands at 48/100 (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: medium).

Over the trailing twelve months, Eimco Elecon (India) Limited generated revenue of ₹2.4B at a net margin of 16.3%. Revenue grew 14.7% year over year. It earns a return on equity of 8.6%. Net debt stands at ₹21.3M. Fundamentals as of Aug 20, 2026

Our scenario range runs from ₹754.63 (bear case) to ₹1,260 (bull case); at ₹2,171, 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 9% below its 52-week high and 54% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -16% fair-value upside, at -54%, 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 ₹680.31 ₹733.34 ₹882.69 76
ROIC Compounder ₹474.82 ₹553.76 ₹622.84 72
Growth-Adj P/E ₹903.16 ₹1,290 ₹1,677 68
All 14 models by family
Earnings-Based
Graham-Dodd ₹456.37 ₹2,158 ₹2,967 54
Lynch FV ₹572.67 ₹818.11 ₹1,064 50
PEG = 1.0 ₹572.67 ₹818.11 ₹1,064 46
EPV ₹474.82 ₹553.76 ₹622.84 59
Multiples
P/E Multiple ₹1,057 ₹1,409 ₹1,762 63
P/S Multiple ₹595.76 ₹794.35 ₹992.94 58
P/B Multiple ₹855.69 ₹1,141 ₹1,426 55
EV/EBIT ₹759.47 ₹1,012 ₹1,265 53
EV/EBITDA ₹721.64 ₹961.80 ₹1,202 54
EV/Revenue ₹501.59 ₹716.06 ₹930.54 43
Asset-Based
NCAV (Graham) ₹405.23 ₹543.01 ₹810.46 50
Economic Profit
Residual Income ₹680.31 ₹733.34 ₹882.69 76
ROIC Compounder ₹474.82 ₹553.76 ₹622.84 72
Growth Earnings
Growth-Adj P/E ₹903.16 ₹1,290 ₹1,677 68

Widest divergence: Growth Earnings (₹1,290) versus Asset-Based (₹543.01). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹2.4B
Revenue growth (YoY) +14.7%
Net margin 16.3%
Return on equity 8.6%
Free cash flow −₹384M FY2026
P/E ratio 31.6
More key figures
Operating margin 15.7%
EPS (TTM) ₹68.60
EPS growth (YoY) +6.2%
Net debt ₹21.3M FY2026

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 57

Profitability 46
Margins and returns on capital today
Quality Growth 38
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 58
Price trend over the last 3–12 months (market factor)
52W Momentum 53
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 mining and construction sectors in India. Its products include air motor, chair lift man riding, coal hauler, drill machine, load haul dumper, low profile dump truck, piling rig, rocker shovel loader, side dump loader, and wheel loader, as well as continuous miner package.

Full company description

Eimco Elecon (India) Limited engages in the manufacture and sale of equipment for mining and construction sectors in India. Its products include air motor, chair lift man riding, coal hauler, drill machine, load haul dumper, low profile dump truck, piling rig, rocker shovel loader, side dump loader, and wheel loader, as well as continuous miner package. The company also exports its products. Eimco Elecon (India) Limited was incorporated in 1974 and is headquartered in Vallabh Vidyanagar, 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 ₹833M in FY2022, a compound +28.8%/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
−6.5%
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.
+9.9%
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.
+12.8%
Avg. growth/yr (7Y) 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.
+3.2%
Revenue +28.8%/yr
FY22 ₹833M
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

EIMCOELECO screens 54% 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 · 151 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 48 · Below median
Fair Value upside −54% · Bottom 25%
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 15% · Above median
Dividend yield (TTM) 0.2% · Bottom 25%

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

P/E (TTM) 31.6× · Pricier than 75% of peers
P/B 2.68× · Pricier than median
P/S (TTM) 5.15× · Pricier than 75% of peers
EV/EBITDA 27.0× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 24
FUTURE74 · sector 31
PAST34 · sector 34
HEALTH100 · sector 93
DIVIDEND5 · 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 20, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CATR C$59.54 C$12.83 -78%
Deere & Company DE $619.77 $182.29 -71%
AB Volvo (publ), VOLVA kr 344.00 kr 288.08 -16%
PACCAR Inc PCAR $131.06 $94.80 -28%
Epiroc AB EPIA kr 254.50 kr 144.14 -43%
Sany Heavy Industry Co 600031 ¥18.91 ¥20.84 +10%
XCMG Construction Machinery Co 000425 ¥8.25 ¥11.79 +43%
Sinotruk (Hong Kong) Limited 3808 HK$41.42 HK$53.57 +29%
Ashok Leyland Limited ASHOKLEY ₹176.40 ₹117.07 -34%
Yutong Bus Co 600066 ¥28.69 ¥42.00 +46%

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Frequently asked questions

Is Eimco Elecon (India) Limited (EIMCOELECO) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ₹1,007 versus a price of ₹2,171, about −54% (overvalued).
What is the fair value of EIMCOELECO?
Our model-based fair value for Eimco Elecon (India) Limited is ₹1,007 (as of Aug 20, 2026), built from audited fundamentals. The current price: ₹2,171.
What is the quality score of EIMCOELECO?
Eimco Elecon (India) Limited has a Quality Score of 48/100. 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 ₹2.4B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of EIMCOELECO?
The net profit margin of Eimco Elecon (India) Limited is about 16.3%, meaning it keeps roughly 16.3% of revenue as net income. Based on the latest reported figures.

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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