Elecon Engineering Company Ltd: History, Latest Updates, Milestones, Subsidiaries and Share Price

INTRODUCTION

Elecon Engineering Company Ltd is one of India’s leading industrial equipment manufacturers, recognized for its expertise in power transmission solutions and bulk material handling equipment. Established in 1951, the company has built a strong reputation for serving industries such as steel, cement, mining, power, sugar, and infrastructure through innovative engineering and high-quality manufacturing capabilities . Over the decades, Elecon has expanded its operations beyond India and emerged as Asia’s largest industrial gearbox manufacturer. Its diverse product portfolio, focus on technological advancement, and commitment to customer satisfaction have helped the company maintain a competitive position in the engineering sector. As a result, the Elecon engineering company ltd share price is often monitored by investors seeking exposure to India's industrial and capital goods industry. Investors using a best brokerage app frequently track the company’s performance, growth initiatives, and market developments to assess its long-term potential.

Elecon Engineering Company Ltd Moves in 2026

Revenue Performance: Elecon Engineering Company Ltd reported revenue of Rs. 655.62 crore during the quarter, reflecting a decline compared to the corresponding period of the previous year amid softer demand conditions across certain industrial segments.
Profitability Trends: The company reported net profit of Rs. 97.01 crore for the quarter, lower than the previous year's comparable period, indicating pressure on earnings despite maintaining a strong market presence.
Operating Performance: Operating profit moderated during the quarter, reflecting the impact of changing market dynamics and cost pressures. However, the company continued to focus on operational efficiency and capacity utilization.
Business Stability: While quarterly financial performance remained under pressure, Elecon Engineering leveraged its broad customer base, established engineering capabilities, and leadership in power transmission solutions to maintain its competitive edge and support the long-term outlook for the elecon engineering company ltd share price.

Evolution of Elecon Engineering Company Ltd: From Past to Present

Elecon Engineering Company Ltd traces its origins to 1951 when Late Shri Ishwarbhai B. Patel established a business focused on manufacturing conveying equipment in Mumbai. The company played a pioneering role in developing indigenous material handling solutions, reducing dependence on imported industrial equipment during India's early years of industrialization.
In 1960, Elecon relocated its operations to Vallabh Vidyanagar, Gujarat, and transitioned into a public limited company. Over the following decades, the company expanded beyond conveying systems and entered the power transmission equipment segment, laying the foundation for its future growth.
The establishment of a dedicated Gear Division in 1976 marked a significant milestone, enabling Elecon to become a leading manufacturer of industrial gearboxes. Through continuous technological advancement, strategic collaborations, and global expansion, the company has evolved into one of India's foremost engineering enterprises. Today, the Elecon engineering company ltd share price reflects investor interest in a business with a strong industrial legacy and international presence.

Name	Elecon Engineering Company Limited
Founded year	1951
Headquarters	Anand, Gujarat, India
Sector	Engineering - Industrial Equipments
Current chairman	Prayasvin B. Patel (chairman and MD)
Major subsidiaries	Radicon Transmission UK Limited. Elecon Singapore Pte Limited Elecon Middle East FZCO Tech Elecon Private Limited Eimco Elecon (India) Limited
Revenue	Rs. 1,981.48 Crore (US$166.5 Million) (2024)
Geographical presence	Worldwide
Nse code	ELECON
Bse code	505700

Timeline of Elecon Engineering Company Ltd

Year	Fact	Description
1951	Company Establishment	Founded in Mumbai by Late Shri Ishwarbhai B. Patel, beginning operations in conveying equipment manufacturing.
1960	Brand Foundation	Established the ELECON brand for elevators and conveyors and expanded industrial operations.
1961	Gujarat Relocation	Shifted its base to Vallabh Vidyanagar, Gujarat, and became a Public Limited Company.
1962	Stock Market Listing	Listed on the stock exchange, marking its entry into the public markets.
1963	Manufacturing Innovation	Installed India's first CNC machine, strengthening engineering capabilities.
1967	Industry Milestone	Installed the first stacker-cum-reclaimer machine at Santaldih TPS, WBSEB.
1969	Strategic Collaboration	Partnered with Alfred Wiseman for worm gearbox technology.
1974	Landmark Project	Secured India's largest material handling equipment order from Neyveli Lignite Corporation.
1976	Gear Division Launch	Established Elecon's dedicated Gear Division, expanding into power transmission solutions.
1985	Export Achievement	Received its first export order from Thailand in collaboration with Renk AG, Germany.
1994	Quality Recognition	Became the first gear manufacturing company in India to receive ISO certification.
1999	Defence Sector Entry	Won a prestigious Indian Navy order for CODOG gearbox systems.
2006	Leadership Transition	Mr. Prayasvin B. Patel took charge as Chairman and Managing Director.
2010	Global Expansion	Completed the acquisition of UK-based Benzlers and Radicon Group.
2013	Capacity Expansion	Commissioned the Bhanubhai Memorial Centre of Excellence (BMCE), an advanced manufacturing facility.
2016	Defence Milestone	Bagged the largest order in its history from the Indian Navy.
2022	Engineering Excellence	Successfully delivered a large and complex gearbox for an Indian Navy defence project.

Inside Elecon Engineering Company Ltd: Exploring Subsidiary Ventures

Corporate action: Elecon Engineering has maintained a consistent track record of rewarding shareholders and has declared 28 dividends since August 14, 2001. Over the past 12 months, the company announced equity dividends totaling ?2.00 per share. At the Elecon engineering company ltd share price of ?531.35 as on June 6, 2026, this translates into a dividend yield of approximately 0.38%, reflecting the company's commitment to delivering shareholder value alongside its long-term growth initiatives.

Main News:

April 2026: Elecon Engineering reported consolidated revenue of Rs. 655.62 crore for the quarter ended March 2026. Net profit stood at Rs. 97.01 crore, while operating profit moderated to Rs. 159.34 crore, reflecting softer performance compared to the previous year.
January 2026: For the quarter ended December 2025, the company recorded revenue of Rs. 454.16 crore. Net profit declined to Rs. 61.89 crore from Rs. 91.98 crore a year earlier, while operating profit stood at Rs. 112.86 crore.
2026: Despite near-term earnings pressure, Elecon Engineering continued to benefit from its leadership in industrial gearboxes and material handling equipment, serving key sectors such as steel, cement, mining, power, and infrastructure across domestic and international markets.

Elecon Engineering Company Ltd Subsidiaries NSE/BSE: Current Share Prices

Company name	Sector	Share price
Elecon Engineering Company Ltd	Engineering - Industrial Equipments	Elecon Engineering Company Ltd share price

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Achievements & Milestone

Year	Award / Recognition	Awarding Body
2025	Excellence Award for Best Practices in HR and IR Policies	Federation of Gujarat Industries
2025	Incredible Achievement in the Industrial Segment (2023-24)	Vitthal Udyognagar Industries Association
2025	Great Place to Work Certification (Third Consecutive Year)	Great Place to Work Institute
2025	Appreciation Certificate in Occupational Safety & Health	National Safety Council of India
2025	Best Performance Award	Quality Circle Forum of India

Note: The above highlights represent a snapshot of Elecon Engineering Company Ltd's recent recognitions. The company continues to receive accolades across manufacturing excellence, workplace culture, operational performance, industrial innovation, and safety management initiatives.

Conclusion

Elecon Engineering Company Ltd has established itself as a prominent player in India's engineering and industrial equipment sector through decades of innovation, technological advancement, and operational excellence. From its beginnings as a conveying equipment manufacturer to becoming Asia's largest industrial gearbox producer, the company has built a strong presence across multiple industries and international markets . Its diversified product portfolio, long-standing customer relationships, and focus on quality have supported sustainable growth over the years. While recent financial performance reflects some near-term challenges, the company's leadership position in power transmission and material handling solutions continues to strengthen its long-term business prospects. As a result, the Elecon engineering company ltd share price remains closely watched by investors evaluating opportunities in the engineering and capital goods space . Investors seeking to track the Elecon engineering company ltd share price, monitor company developments, and make informed investment decisions can benefit from a free amc demat account that offers seamless access to market insights, research tools, and portfolio management features.

Frequently Asked Questions

Where can I find real-time updates on the Elecon engineering company ltd share price ?

Check the latest Elecon engineering company ltd share price and live stock updates on Enrich Money’s stock here.

What have been the highest and lowest Elecon engineering company ltd share price in the past 52 weeks?

Over the last 52 weeks, the Elecon engineering company ltd share price touched a peak of Rs. 715.00 and the 52-week low of Elecon engineering company ltd share price is around Rs. 352.00.

Does Elecon Engg. pay dividends?

Elecon Engineering has maintained a track record of distributing dividends to its investors over the years. Based on recent payouts, the dividend yield is around 0.38%.

Are the face value and book value of Elecon Engg. shares?

The face value of an Elecon engineering company share is Rs. 1, while the book value per share is approximately Rs. 91.30. These figures help investors assess the company's financial position.

What do the ROE and ROCE figures indicate for Elecon Engineering?

As per recent NSE Elecon financials, the company reported an ROE of 25.75% and an ROCE of 32.86%, indicating efficient utilization of shareholder funds and capital.

Is Elecon Engg. a good long-term investment?

The long-term outlook for the Elecon engineering share price target depends on factors such as earnings growth, industry demand, and overall business performance.

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