Shares of this microcap engineering company have gained 3.89 percent in the last 5 trading days and the company bagged an order worth 14.65 crores. The company has a market capitalization of 849.83 crores.
At 10:43, 31st October shares of Eimco Elecon (India) were trading at Rs. 1,444 per share down by 2.4 percent from previous closing price of Rs. 1,479.35. The stock has delivered 64.82 percent returns in the last 1 month.
Company today announced through a regulatory filing on Bombay stock exchange (BSE) that they have received an order of Rs. 14.65 crores from JMS Mining private Ltd for supply of coal mining equipment. Time period by which the order is to be executed is on or before 30th september 2025.
Having a walkthrough at the financial reports of the company, revenue increased by 38.55 percent to Rs. 51.11 crores in Q2FY24 from Rs. 36.89 crores in Q2FY23, in the same time period net profit increased by 77.05 percent to Rs. 10.8 crores from Rs. 6.1 crores.
Looking at the financial ratios, the company reported return on equity (ROE) of 5.71 percent and return on capital employed (ROCE) of 7.5 percent in the last financial year.
Incorporated in 1974, Eimco Elecon is in the business of manufacturing and supplying various Mining and Construction Equipments in India. Company sells underground coal mining machinery and its spares & components like Wheel Loaders, Dump trucks etc.
Written by: Vinit Israni
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