NSE: Elecon Engineering Share Price Target: Today we talking about the Elecon Engineering Ltd Share Price Target from 2024 to 2050. Elecon Engineering Share Price Target, Future Prediction, Prognosis, Forecast 2024, 2025, 2026,2027, 2028, 2029, 2030, 2031, 2035, 2040, 2045, 2050.
Elecon Engineering Company Limited is an Indian multinational company headquartered in Vallabhvidhyanagar, Anand, Gujarat. The company specializes in manufacturing industrial gear and material handling equipment. Elecon is the largest Indian manufacturer of industrial gears and material handling equipment for power, steel, cement, sugar, paper, mining, rubber, and many other key sectors.
From here you can know whether Elecon Engineering’s stock should be bought or sold. Elecon Engineering shares future predictions for 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2035, 2040, 2045 and 2050.
nse: Elecon Engineering Share Price Target’s share has increased by +94.75 in the last 1 month, +654.70
Elecon Engineering Share Price Target 2024, 2025, 2026, 2027, 2028, 2030, 2035, 2040, 2050
| Years | 1st Targets (₹) | 2nd Targets (₹) |
| 2024 | ₹1085.55 | ₹1119.90 |
| 2025 | ₹1159.67 | ₹1201.80 |
| 2026 | ₹1300.33 | ₹1350.35 |
| 2027 | ₹1400.30 | ₹1450.00 |
| 2028 | ₹1500.45 | ₹1550.55 |
| 2030 | ₹1600.30 | ₹1650.25 |
| 2035 | ₹1780.56 | ₹1890.78 |
| 2040 | ₹1900.89 | ₹2000.90 |
| 2045 | ₹2500.63 | ₹2700.11 |
| 2050 | ₹4000.90 | ₹4500.70 |
Elecon Engineering Share Price Target 2024
Based on analysis by stock experts, The share price range is set at ₹1085.55 as the minimum, while after the year, the maximum target price for Elecon Engineering shares is expected to be ₹1119.90
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2024 | ₹1085.55 | ₹1119.90 |
Elecon Engineering Share Price Target 2025
Based on analysis by stock experts, The share price range is set at ₹1159.67 as the minimum, while after the year, the maximum target price for Elecon Engineering shares is expected to be ₹1201.80.
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2025 | ₹1159.67 | ₹1201.80 |
Elecon Engineering Share Price Target 2026
Based on analysis by stock experts, The share price range is set at ₹1300.33 as the minimum, while after the year, the maximum target price for Elecon Engineering shares is expected to be ₹1350.35
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2026 | ₹1300.33 | ₹1350.35 |
Elecon Engineering Share Price Target 2027
Based on analysis by stock experts, The share price range is set at ₹1400.30 as the minimum, while after the year, the maximum target price for Elecon Engineering shares is expected to be ₹1450.00
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2027 | ₹1400.30 | ₹1450.00 |
Elecon Engineering Share Price Target 2028
Based on analysis by stock experts, The share price range is set at ₹1500.45 as the minimum, while after the year, the maximum target price for Elecon Engineering shares is expected to be ₹1550.55
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2030 | ₹1500.45 | ₹1550.55 |
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Elecon Engineering Share Price Target 2030
Based on analysis by stock experts, The share price range is set at ₹1600.30 as the minimum, while after the year, the maximum target price for Elecon Engineering shares is expected to be ₹1650.25.
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2030 | ₹1600.30 | ₹1650.25 |
Elecon Engineering Share Price Target 2035
Based on analysis by stock experts, The share price range is set ₹1780.56 as the minimum, while after the year, the maximum target price for Elecon Engineering shares is expected to be ₹1890.78
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2035 | ₹1780.56 | ₹1890.78 |
Elecon Engineering Share Price Target 2040
Based on analysis by stock experts, The minimum target price for Elecon Engineering is set at ₹1900.89 while the mid-year maximum target price is projected to be ₹2000.90
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2040 | ₹1900.89 | ₹2000.90 |
Elecon Engineering Share Price Target 2045
Based on analysis by stock experts, The share price range is set at ₹2500.63 as the minimum, while after the year, the maximum target price for Elecon Engineering shares is expected to be ₹2700.11
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2045 | ₹2500.63 | ₹2700.11 |
Elecon Engineering Share Price Target 2050
Based on analysis by stock experts, The share price range is set at ₹4000.90 as the minimum, while after the year, the maximum target price for Elecon Engineering shares is expected to be ₹4500.70
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2050 | ₹4000.90 | ₹4500.70 |
Elecon Engineering Share Price Target in the Next 1, 3, 5, 7, and 10 Years
| Period | Share Price Target 1 | Share Price Target 2 |
| 1 Year | ₹1035.20 | ₹1075.00 |
| 2 Years | ₹1117.59 | ₹1150.00 |
| 3 Years | ₹1200.32 | ₹1290.63 |
| 4 Years | ₹1320.00 | ₹1400.2 |
| 5 Years | ₹1500.32 | ₹1540.36 |
| 6 Years | ₹1590.56 | ₹1620.89 |
| 7 Years | ₹1650.89 | ₹1700.15 |
| 8 Years | ₹1730.23 | ₹1790.56 |
| 9 Years | ₹2000.25 | ₹2100.56 |
| 10 Years | ₹2500.36 | ₹3000.78 |
About Elecon Engineering Ltd
Elecon Engineering Company Limited, headquartered in Anand, Gujarat, is an Indian multinational corporation. The company specializes in the production of industrial gear and material handling equipment. Elecon stands out as one of the major Asian manufacturers in this field, catering to key sectors such as power, steel, cement, sugar, paper, mining, rubber, and more. The Elecon Group includes subsidiaries like Eimco Elecon Ltd, Elecon Hydraulics, Elecon Information Technology Ltd (EITL), and Tech Elecon Pvt. Ltd. (TEPL). Established in 1951, Elecon Engineering received significant orders from NTPC and Tecpro Systems in 2012. The company’s headquarters are located in Vallabh Vidyanagar, Anand.
Elecon Engineering Limited – Fundamental Analysis
| Metric | Value |
|---|---|
| Market Cap | ₹ 11,626.16 Cr. |
| Enterprise Value | ₹ 11,490.48 Cr. |
| No. of Shares | 11.22 Cr. |
| P/E | 46.98 |
| P/B | 9.72 |
| Face Value | ₹ 2 |
| Div. Yield | 0.19% |
| Book Value (TTM) | ₹ 106.56 |
| Cash | ₹ 135.68 Cr. |
| Debt | ₹ 0 Cr. |
| Promoter Holding | 59.29% |
| EPS (TTM) | ₹ 22.06 |
| Sales Growth | 34.07% |
| ROE | 18.94% |
| ROCE | 24.75% |
| Profit Growth | 96.98% |
Elecon Engineering Ltd Share: Last 5 Years’ Financial Condition
To enhance our comprehension of the market performance, let’s examine the historical outlook of this share in previous years. Nevertheless, investors should exercise caution by considering the associated risks and prevailing market conditions before making any investment decisions.
Last 5 Years’ Sales:
| PARTICULARS | March 2019 | March 2020 | March 2021 | March 2022 | March 2023 |
|---|---|---|---|---|---|
| Net Sales | 955.46 | 835.74 | 796.10 | 892.82 | 1,196.99 |
Last 5 Years’ Net Profit:
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Net Profit | 12.07 | 72.42 | 36.26 | 95.52 | 188.15 |
Elecon Engineering Ltd’s Last 5 Years’ Profit Growth Ratios
The profit of Elecon Engineering Ltd has increased by 87.66% in the last 5 years. If we look at the same, the company had made a profit of Rs 12.7 crore in 2019 and had made a profit of Rs 88.15 crore in 2030 and the company has made a profit of 37.45% in the last 3 years, 2022. After this, the profit of the company increased continuously because the company received an order from NTPC in 2022, after which there has been good growth in its profit.
Profit Growth:
- 1-Year: 96.98%
- 3-Year: 37.47%
- 5-Year: 87.66%
Elecon Engineering Ltd Last 5 years’ Return on Equity (ROE)
- 1-Year: 18.94%
- 3-Year: 11.51%
- 5-Year: 9.14%
Elecon Engineering Limited Share peer’s company
- Bharat Electronics
- BHEL
- Thermax
- Triveni Turbine
- Jyoti CNC Automation
Future of Elecon Engineering Ltd Share Price
The Elecon Engineering Ltd company has demonstrated robust profit growth, recording an impressive 37.47% increase over the past three years. Additionally, the company successfully reduced its debt by ₹100.02 Cr, making it virtually debt-free. It maintains a healthy interest coverage ratio of 21.96 and boasts a favorable PEG ratio of 0.48. The company exhibits efficient cash flow management, with a Cash Conversion Cycle of 29.95 days, and a commendable current ratio of 2.31, indicating a strong liquidity position. Furthermore, the CFO/PAT stands at 2.31, underscoring the company’s effective cash flow management. Notably, the company maintains a substantial promoter holding of 59.29%.
Risk of Elecon Engineering Ltd Share
The company has demonstrated sluggish revenue growth, registering a modest increase of 12.72% over the past three years. Additionally, the company is currently trading at an elevated EV/EBITDA ratio of 30.53.
Elecon Engineering Ltd Share Price Summary
Elecon Engineering Ltd 52 Week Low and 52 Week High, Elecon Engineering Ltd’s all-time high of 1119.90 rs.
| Metric | Value |
|---|---|
| Open | 1,066.60 |
| High | 1,119.90 |
| Low | 1,025.85 |
| Market Cap | ₹11.61T Cr. |
| P/E Ratio | 39.75 |
| Dividend Yield | 0.19% |
| 52-Week High | 1,119.90 |
| 52-Week Low | 349.85 |
Shareholding Pattern Of Elecon Engineering share
| Summary | 2024 |
|---|---|
| Promoter | 59.29% |
| FII | 5.96% |
| DII | 2.64% |
| Public | 32.11% |
Should You Invest In Elecon Engineering Shares?
You can invest in Alcon Engineering Limited because the sales growth of this company has been 12.72 percent in the last 3 years and if we look at the same, its profit is also 37.40 7% more in the last 3 years, the price of 100 points is Rs. Rs 2 crore in company card. Private promoter holding in the company has decreased by 29% in the last 2 years, and their promoter’s stake has neither increased nor decreased in the last 2 years, now the Q3 result of the company has come in which the company has increased the sales by 25.99% in December 2023.
Q3 Result Desember 2023
In the quarter ending December 2023, sales amounted to Rs. 3,833.00 million, marking a notable increase of 25.99% from Rs. 3,042.20 million. The profit after tax for the same period experienced substantial growth, surging by 58.25% to reach Rs. 763.10 million from Rs. 482.20 million. The operating profit for the quarter ending December 2023 also saw a significant rise, reaching Rs. 1,140.20 million compared to the corresponding quarter in December 2022, which reported an operating profit of Rs. 751.20 million.
Conclusion
This article serves as a comprehensive guide to the Elecon Engineering Share Price target for 2024, 2025, 2026, 2030, 2040, and 2050. The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail. Feel free to comment below if you have any further queries. We are more than happy to address all your questions. If you find this information helpful, consider sharing the article with as many people as possible.
Disclaimer:
Dear readers, please be advised that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided on this site is solely for informational and educational purposes and should not be construed as financial advice or stock recommendations. Additionally, share price predictions are intended for reference purposes only and are valid only under positive market conditions.
This study does not consider any uncertainties regarding the company’s future or the current market conditions. While this information is for informational purposes, we disclaim any responsibility for potential financial losses incurred based on the information provided on this site. We aim to offer timely updates about the stock market and financial products to assist you in making informed investment decisions. It is crucial to conduct your research before making any investment decisions.