Eimco Elecon (India) Limited, incorporated in 1974, is a pioneer in the manufacturing and marketing of equipment for underground and opencast mines. Headquartered in Vallabh Vidyanagar, Gujarat, the company's facility spans over 15 acres. It holds the distinction of being the first company to introduce intermediate technology such as Side Dump Loaders, Load Haul Dumpers, and Rocker Shovel Loaders in India.
Eimco Elecon is an established manufacturer and supplier of various Mining and Construction Equipment across India, supported by a robust network of Sales and Service establishments strategically located nationwide. The company went public in 1992, solidifying its position as a key player in the Indian industrial landscape.
The company primarily operates in the mining and construction equipment sector, focusing on the mechanization of both underground and opencast mining operations. Its core business involves the sale of underground coal mining machinery and its spares & components, including Wheel Loaders, Dump Trucks, Haulers, and Drill Machines, which contribute approximately 89% to its total revenue.
Eimco Elecon's extensive product range includes:
- 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
- Wheel Loader
- Continuous Miner Package
The company has also diversified into granite quarry line products and has installed two windmills in Upleta, showcasing its commitment to sustainable practices. Eimco Elecon also maintains a significant export presence for its products.
To enhance its technological capabilities, Eimco Elecon has forged strategic partnerships, including collaboration agreements with Sandvik Tamrock Secoma SA France and Driltech Mission LLC USA. These partnerships focus on manufacturing advanced CTX models of Load Haul Dump machines for coal and hard rock mines, as well as Rotary Blasthole drilling and DTH drills.
Eimco Elecon holds the prestigious ISO 9001 quality management system certification from TUV Management Services GmbH, covering its design, development, manufacturing, installation, and servicing processes. The company's in-house facilities are state-of-the-art, enabling the design and manufacture of a wide range of Mining and Construction Equipment tailored to meet specific application and operational requirements of various customers.
EMTICI Engineering Ltd. serves as the dedicated marketing and servicing company for EIMCO ELECON (INDIA) LTD. products across India. Its branches are staffed with exclusively trained application and after-sales service engineers, committed to providing comprehensive support to clients.
- Market Capitalization: ₹1,427 Crore (down -2.34% in 1 year as per recent data)
- Revenue (TTM): ₹244 Crore
- Net Profit (TTM): ₹48.6 Crore
- Return on Equity (3-year average): 9.74%
- Debt Position: Almost debt-free, reflecting strong financial health.
- Promoter Holding: 73.6% (as of Mar 2025, from 74.06% as of Jun 2024)
For the full year ended March 2025:
- Net profit rose 21.03% to ₹48.91 crore, compared to ₹40.41 crore in FY 2024.
- Sales increased 8.34% to ₹246.47 crore, up from ₹227.50 crore in FY 2024.
- Q4 FY25 Performance: On a standalone basis, net profit zoomed 140.22% to ₹14.87 crore (against ₹6.19 crore in Q3 FY25). Total income jumped 40.79% to ₹68.44 crore (over Q3 FY25).
- Q1 FY25 Performance (September 2024): Sales rose 30.26% to ₹66.63 crore (against ₹51.15 crore in Q1 FY24). Net profit increased 10.68% to ₹13.06 crore (against ₹11.80 crore in Q1 FY24).
The promoter holding in Eimco Elecon (India) Ltd stood at 73.6% as of March 2025, demonstrating strong confidence in the business, though it saw a slight decrease from 74.06% in June 2024.
The company's board recommended a dividend of ₹5 per equity share for the year ended 31 March 2025, subject to shareholder approval. The current dividend yield of Eimco Elecon (India) Ltd (EIMCOELECO) is 0.17%.
Over the last 3 years, Eimco Elecon (India) Ltd's share price has moved up by an impressive 632.58% on BSE. The 52-week high share price for Eimco Elecon (India) Ltd is ₹3,465.00, and the 52-week low share price is ₹1,250.00.
- Chairperson: P M Patel
- Key Personnel Change: Executive Director Mukulnarayan Dwivedi will complete his tenure and transition to a Senior Managerial Personnel role from September 10, 2025. Kamlesh Nalin Shah has been appointed as Whole-time Director for a 3-year term from September 10, 2025, subject to shareholder approval.
Eimco Elecon (India) Ltd stands as a pioneering force in India's mining equipment manufacturing sector, with over five decades of experience in delivering innovative solutions for underground and opencast mining operations. The company's strong financial performance, near debt-free status, and consistent dividend distribution make it an attractive investment proposition in the mining equipment segment.
