BUSINESS
SUMMARY : Elecon Engineering Company Limited is engaged in the manufacture of
material handling equipment, industrial geared motors and reducers, mining equipment
and casting processes. The Company's segments include Material Handling
Equipment, Transmission Equipment and Others. It is also engaged in designing
and manufacturing worm gears; parallel shaft and right angle shaft; helical and
spiral level helical gears; fluid geared and flexible couplings, as well as
planetary gear boxes. Its products include ET Series, EON Series, ETS Series,
EOS Series, ET Series Demo, Cooling Tower Gear Boxes and Dual Tandem Gear
Boxes. Its power transmission includes wind mill gear, elevator traction
machines, marine gear, loose gear and special gear. Its alternate energy
includes wind turbines. Its Foundry Division includes material handling, mining
and earth moving, power transmission,crusher
and cement. The Company offers its equipment for sectors, such as fertilizer,
cement, coal and mining.
FUNDAMENTAL
: The company's gross margin has been lower than its industry group
average
for each of the past five years. Debt-to-capital has been
higher than its industry group average for each of the past five years and days sales in inventory has been higher than
its
industry
group average for each of the past five years. ELECON's
Price to Sales ratio and Trailing P/E are both significantly above (more
expensive than) their 5-year averages & current Price to Sales ratio of 0.6
represents a 71% Discount to its Machinery & Heavy Vehicles industry group
average. It is now Trading at 1.3x of its EPV ( June 2018 earnings ).
Disclaimer : We are / may going to take exposure
shortly.
Join Us
at WhatsApp: 1 . https://chat.whatsapp.com/83QrAlotPlPJkDrNKqdoFI
( Free )
2. https://chat.whatsapp.com/26gudaXBAybIzNiJAo5QI3 (Premium )
# We
are active at Twitter # NIFTYNEXT1
