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Elecon (ELECON)

Engineering & Infrastructure · NSE · end-of-day 2026-10-19
Close
₹460.70
Day change
-4.09%
1-year
-23.7%
From 52-week high
-19.0%
Weinstein stage
Stage 1
Minervini template
4/8
Elecon closed at ₹460.70 on 2026-10-19, down 24% over the past year, 19% below its 52-week high. It meets 4 of 8 conditions of Minervini's trend template; Weinstein's stage analysis reads stage 1 - basing; on earnings, it passes 2 of 5 SEPA checks. Over the year its annualised volatility was about 48%, with a largest fall of 41% from a peak.

About Elecon

Elecon Engineering Company Limited manufactures industrial gears, gearboxes, material-handling equipment, and related engineering solutions. Its products serve industries including power, steel, cement, mining, and renewable energy. India's industrial modernization and infrastructure investment provide long-term demand for efficient power-transmission equipment. Expansion into higher-value gear systems and international markets can support growth. Industrial capex, order inflows, commodity cycles, raw-material costs, and execution remain important considerations.

Price, RSI and MACD

Price · +5.8% over the period
398442485528572Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
RSI (14) · 53.8
305070
MACD (12, 26, 9) · histogram +3.50
-32.4-13.65.123.842.6
Price · -17.3% over the period
340408475543610Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26Oct 26
RSI (14) · 53.8
305070
MACD (12, 26, 9) · histogram +3.50
-37.4-17.32.822.942.9
Price · -31.8% over the period
332438543648754Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26Oct 26
RSI (14) · 53.8
305070
MACD (12, 26, 9) · histogram +3.50
-41.3-16.28.93459.1
Price · +25.6% over the period
271390509628747Feb 24Jul 24Dec 24May 25Oct 25Mar 26Aug 26
RSI (14) · 53.8
305070
MACD (12, 26, 9) · histogram +3.50
-40.3-15.59.334.259
Price: daily close adjusted for splits and bonuses, dashed line the 150-day moving average. MACD: green line, orange dashed signal, bars the histogram. Longer periods are drawn from every second or third session.

Fundamentals

Market capSales (TTM)Net profit (TTM)P/EEPS (TTM)P/BROEROE previous yearROCEDebt / equityFree cash flowEV / EBITDABeta
₹10,338 cr₹2,457 cr₹245 cr42.210.914.1215.9%23.0%22.2%0.00₹218 cr21.31.55

Quarterly results

QuarterSales ₹ crNet profit ₹ crEPSEPS YoYSales YoYNet margin
Sep 2026639964.29+9.7%+10.5%15.1%
Jun 2026521703.14-59.9%+6.1%13.5%
Mar 202674660.27-95.9%-6.5%0.8%
Dec 2025552723.21-33.0%+4.3%13.1%
Sep 2025578883.91+0.0%+13.8%15.2%
Jun 20254911757.82+139.1%+25.0%35.8%
Mar 20257981466.53+41.3%+41.3%18.4%
Dec 20245291084.79+18.9%+11.7%20.3%
Consolidated · EPS restated onto today's share count after splits and bonuses · net profit as filed.

Minervini SEPA — earnings checks 2 of 5 pass

CheckResult
Latest quarter EPS up 25%+ on a year ago✗ Fail
EPS growth accelerating over 3 quarters✓ Pass
Sales up 25%+, or sales growth accelerating✓ Pass
Annual EPS up 25%+ in each of the last 2 years✗ Fail
Net margin above the same quarter last year✗ Fail

Investor methods

MethodChecksScoreVerdict
Minervini
✗ Close above the 150- and 200-day averages
✓ 150-day above 200-day
✗ 200-day rising for a month
✗ 50-day above the 150- and 200-day
✓ Close above the 50-day
✓ At least 25% above the 52-week low · low 354.75
✓ Within 25% of the 52-week high · high 569.10
✗ RS percentile 70 or more · RS 38
Trend template - the gate, measured: a modest 21-day edge.
4/84 of 8
Weinstein
Stan Weinstein's stage analysis on the 30-week moving average.
Stage 1 - basing
CAN SLIM
✗ C latest quarter EPS up 25%+
✗ A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held
✗ N within 15% of the 52-week high · high 569.10
✓ S more volume on up days than down days (50 sessions) · 4.81x
✗ L RS percentile 80 or more · RS 38
— I institutional sponsorship rising · shareholding not collected yet
✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45%
William O'Neil's growth-leader checklist.
2/6Weak
Darvas
✗ New 52-week high in the last 120 sessions
Darvas needs a new 52-week high to start a box.
10/100No box
Turtle
✗ Close above the prior 55-session high · 509.60
✗ Close above the prior 20-session high · 509.60
✗ Close below the prior 20-session low · 407.20
Donchian channel breakout - the Turtle traders' entry.
No signal
Greenblatt
— Earnings yield (EBITDA / EV) · 4.7%
— Return on capital (ROCE) · 22.2%
Joel Greenblatt's Magic Formula: good businesses at good prices, ranked across all companies. Earnings yield uses EBITDA, as EBIT is not held separately.
60/100Average
Graham
✗ Price at or below the Graham number · Graham number 165.68
✗ P/E 15 or less · P/E 42.2
✗ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 4.12
✓ Current ratio 2 or more · 2.96
— 10 years of positive earnings, 20 of dividends · history not held
Benjamin Graham's defensive-investor tests.
36/100Expensive
Piotroski
✓ Profitable (ROA > 0)
✓ Operating cash flow positive
✗ ROA rising
✗ Cash flow above net profit (earnings quality)
✓ Long-term debt / assets falling
✗ Current ratio rising · 2.94
✓ No new shares issued
✗ Margin rising (net margin)
✗ Asset turnover rising
Joseph Piotroski's F-score, FY 2025 -> 2026.
4/9Weak
Each method's own rules applied to this stock - information, not a buy or sell signal. All were tested on 2024-26 data; only the Minervini trend template showed a consistent edge.

Engineering & Infrastructure sector — top 10 by 1-year return

Stock1M %3M %6M %1Y %3Y %5Y %P/EP/BROE %ROCE %ROA %D/EEV/EBITDA₹ CrSales TTM ₹ CrProfit TTM ₹ CrEPSBeta
ELECON this stock+9.4+1.2+5.8-14.9+17.1+484.642.24.1215.922.2—0.0021.310,3382,45724510.91.55
GAYAPROJ-14.8-0.3+5.8+254.1+254.1-53.10.21.61-492.2134.7—0.51—9789992,080111.5—
KMEW+15.2+35.9+95.5+202.4——56.314.3420.016.3—0.3974.28,17737214259.01.40
RATNAVEER+17.1+94.3+140.4+134.4+162.7—18.23.5612.412.3—0.50————19.01.41
MACPOWER-13.2+40.2+62.9+120.9+406.9+831.447.010.4321.329.4—0.0035.41,8273673938.90.86
LOKESHMACH+13.2+16.0+39.8+112.0+65.4+653.3178.23.641.86.4—0.7427.583121642.20.93
SUPREMEINF-29.6-28.6+98.7+98.7+88.7—0.12.35-193.3-767.0—6.250.3548816,1371,015.2—
DEEDEV-21.3-24.4+35.4+97.0——45.44.099.110.9—0.7722.33,6441,2138011.60.96
AZAD-3.8+14.5+41.8+63.3——125.011.349.112.0—0.3066.917,34263813921.51.16
CEMPRO-7.5-28.2+83.3+51.3——33.48.3728.234.2—0.3617.520,08010,18560235.01.41
GALAPREC+5.7-12.1+38.8+43.4——36.64.6812.915.2—0.1224.81,3703273729.20.89
A blank in a return column means the stock is younger than that window. P/B and ROE come from each company's own filings where held.

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Prices as of 2026-10-19, end of day, from NSE. Fundamentals from each company's own exchange filings (XBRL), EPS restated for splits and bonuses. Figures may be delayed and are for information only.
For research & education only — not investment advice. The methods, checks and verdicts are automated rules applied to public data, not buy/sell recommendations. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. ClusterMicro Technologies is not a SEBI-registered investment adviser. Consult a SEBI-registered adviser before investing.