Eimco Elecon (India) Limited (EIMCOELECO.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+139.4%

₹5,177.80

vs ₹2,163.20 price

Levered DCF

₹4,688.07

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

11.63

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	23.07×	17.05×	22.55×	10.52×	20.79×	17.14×	11.65×	9.74×
P/B	1.91×	1.93×	2.36×	0.59×	0.54×	0.59×	0.35×	0.72×
P/S	3.87×	3.38×	4.01×	1.19×	2.14×	1.54×	1.03×	1.22×
EV / EBITDA	14.96×	11.17×	15.49×	6.1×	9.65×	8.36×	6.42×	6.23×
Gross margin	53.6%	53.8%	44.0%	43.1%	21.5%	45.3%	46.7%	44.7%
Operating margin	14.8%	19.9%	14.5%	9.8%	2.0%	3.5%	0.9%	11.5%
Net margin	16.8%	19.8%	17.8%	11.3%	10.3%	9.0%	8.8%	12.6%
Current ratio	4.33×	4.63×	3.45×	4.42×	7.71×	6.62×	4.99×	4.33×
Debt / equity	0.01×	0×	0×	0×	0×	0.01×	0.01×	0.01×
Interest coverage	40.25×	87.09×	34.98×	33.71×	3.92×	7.05×	1.96×	37.19×
Dividend yield	0.3%	0.3%	0.3%	0.7%	1.6%	1.5%	4.4%	1.3%
Payout ratio	7.4%	5.9%	7.2%	7.5%	33.3%	25.6%	51.3%	12.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.3%	11.3%	10.5%	5.6%	2.6%	3.4%	3.0%	7.4%
Return on invested capital	5.5%	8.3%	6.8%	3.7%	0.4%	1.0%	0.3%	4.9%
Return on assets	7.4%	10.0%	9.0%	5.0%	2.4%	3.1%	2.7%	6.6%
Free cash flow yield	-4.3%	3.3%	0.8%	1.9%	-7.0%	-1.7%	1.5%	-0.7%
Earnings yield	4.3%	5.9%	4.4%	9.5%	4.8%	5.8%	8.6%	10.3%
Enterprise value	₹9B	₹8.3B	₹9B	₹2B	₹1.8B	₹1.9B	₹1.1B	₹2.2B
Net debt / EBITDA	0.06×	-0.02×	-0.13×	-0.06×	-0.15×	-0.35×	-0.26×	-0.05×
Cash conversion cycle (days)	428	410	319	293	470	284	332	199