Elecon Engineering Company Limited is one of India’s leading industrial equipment makers. It was founded by Ishwarbhai B Patel in 1951. In January, 1960, it was incorporated as a private company. Elecon Engineering was listed on BSE in 1962 and National Stock Exchange in 2006.
The market capitalisation of Elecon Limited is over ₹10,400 crore as of January 4, 2024. Elecon share price has gained over 1800% in the last three years.
Business operations
Elecon Engineering specialises in providing power transmission solutions and manufacturing material handling equipment. It caters to sectors such as steel, fertilisers, cement, coal, lignite, iron ore mines, sugar and power stations in India and overseas.
Elecon's product range includes marine gearboxes for warships, vertical mill gearboxes, rolling mill pinion stands and sugar mill planetary drives. Elecon is one of Asia’s largest gearbox manufacturing companies. Apart from India, its products have gained significant customers in the Asia-Pacific, Middle East, Europe, Americas and Africa.
The company has increased its expertise in producing custom gearboxes for steel mills, high-speed turbines and even naval aircraft carriers. Elecon Engineering now also has a dedicated workforce for a responsive after-sales service.
In 2010, the company acquired Benzlers-Radicon Group from David Brown Gear Systems. As a unit of Elecon Engineering Company Ltd, it is the country's third-largest material handling solutions provider. Operating through a vertically integrated model, Elecon offers comprehensive in-house capabilities including design, manufacturing, fabrication, component manufacturing and robust support systems.
The company has seen considerable growth in the last decade. Elecon has established the Bhanubhai Memorial Centre of Excellence (BMCE), a manufacturing plant aimed at elevating standards. The gear division of Elecon Engineering has doubled its manufacturing capacity in the last 10 years.
Elecon holds the distinction of being the first in India to manufacture advanced equipment for bulk material handling. Their product range is extensive, catering to virtually every industrial sector across the country.
Elecon operates primarily through three key divisions:
Power Transmission Solutions:
This division focuses on designing and producing a variety of equipment like parallel shafts, right angle shafts, helical and spiral bevel helical gears. These products serve sectors such as sugar, cement, chemical, fertilizer, steel, plastic extrusion and rubber industries.
Material Handling Equipment:
Under this division, Elecon manufactures a range of products including belt conveyors, stacker-cum-reclaimers, pusher cars, idlers and pulleys, barrel-type blender reclaimers and ship loaders.
Wind Power:
Elecon operates a unit in Vallabh Vidynagar, Gujarat, where the company manufactures wind turbines.
Beyond its computerised numerically controlled machines, Elecon also has sophisticated gear profile testing machines, a comprehensive testing and calibrating laboratory and vacuum spectrometers for rigorous chemical analysis of raw materials.
Elecon Eng. Co. Financial Highlights
- Revenue: Elecon Eng. Co. reported revenue of ₹2,447.22 crore in FY26 vs ₹2,287.01 crore in FY25. It showed an increase of 7.01% on a yearly basis.
- Operating Profit: Elecon Eng. Co. reported an operating profit of ₹454.47 crore in FY26 vs ₹536.97 crore in FY25. It showed a decrease of 15.36% on a year-on-year basis.
- Net Profit: Elecon Eng. Co. reported a net profit of ₹341.15 crore in FY26 vs ₹415.10 crore in FY25. It showed a decrease of 17.81% on a yearly basis.
Elecon Eng. Co. Quarterly Result Highlights
- Elecon Eng. Co. reported revenue of ₹542.47 crore in Jun 2026, compared with ₹763.18 crore in Mar 2026, representing a decrease of 28.92% on a quarter-on-quarter (QoQ) basis.
- Elecon Eng. Co. reported an operating profit of ₹93.16 crore in Jun 2026, compared with ₹40.39 crore in Mar 2026, representing an increase of 130.65% on a quarter-on-quarter (QoQ) basis.
- Elecon Eng. Co. reported a profit of ₹70.35 crore in Jun 2026, compared with ₹6.00 crore in Mar 2026, reflecting an increase of 1,072.50% on a QoQ basis.
- The earnings per share (EPS) of Elecon Eng. Co. stood at ₹15.20 during Jun 2026.
Data Source: BSE, Company announcements
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