The shares of the leading manufacturer and supplier of Mining and Construction Equipment rose up to 6.5 percent to an all-time high price of Rs 1,325.05 per share after the company received an order to supply coal Mining equipment.
At 1:05 p.m., Eimco Elecon (India) Ltd shares were trading at Rs 1,323.70 per share, up Rs 77.60 or 6.23 percent on the National Stock Exchange from the previous close price. The company has a market capitalization of Rs 758 crore.
According to the company’s exchange filing, the company has received an order for INR 38.96 crores from JMS Mining Private Limited for the supply of coal mining equipment, with the order to be delivered on or before January 27, 2026.
The stock has returned 241 percent in six months and 268 percent in a year. A Rs. 1 lakh investment in the business will be worth Rs. 3.68 lakhs after a year and Rs. 3.41 lakhs after a half-year.
The Company’s return on equity increased from 2.60 percent in FY22 to 5.56 percent in FY23, while the return on capital employed improved from 3.03 percent to 7.17 percent during the same period.
In the recent financial year, the company reported a Net profit margin of 11.25 percent and an operating margin of 14.80 percent.
According to the recent shareholding pattern, the company promoters hold 74.06 percent of the company and retail investors hold a 25.94 percent stake.
Eimco Elecon (India) Limited is in the business of Manufacturing and Marketing Equipment for Underground and opencast mines.
Written by Omkar Chitnis
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