Elecon Engineering Co. Ltd. · NSE:ELECON
Elecon Engineering — Q4 FY25 Earnings Presentation
44 slides from Elecon Engineering's earnings presentation, Apr 24, 2025
Slide 1: Stock exchange filing cover letter
24th April, 2025 To, The Manager (Listing), The Manager (Listing), The BSE Ltd. National Stock Exchange of India Ltd. Mumbai Mumbai • Company’s Scrip Code: 505700 Company’s Scrip Code: ELECON Sub. : Investor Presentation of the Investors Call to be held on 25th April, 2025 Ref. : Regulation 30 of SE
Slide 2: Investor Presentation – Q4 and FY25
ONE OF ASIA’S LARGEST INDUSTRIAL GEAR SOLUTION COMPANY Unifying vision Global impact Elecon Engineering Company Limited Investor Presentation – Q4 and FY25
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Elecon Engineering Company Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Values at Elecon
Values at Elecon Our Values are our Bedrock! Delightful Customer Resolute Trust Ingenious Value Creation Ethics at Experience Entrepreneurship the Core Ensure unparalleled positive Foster unwavering trust through Demonstrate accountability for Create value and enable growth Uphold the highest standa
Slide 5: Cultural Beliefs at Elecon
Cultural Beliefs at Elecon Our Cultural Beliefs! Own It Customer F1rst I am accountable to achieve I ensure my actions lead to key results. customer delight. Let’s Innovate! Go Global I create timely and competitive I think and act towards becoming a products and solutions. leading global player. Le
Slide 6: Safety and Wellness
Safety and Wellness 2020-21 2022-23 2024-25 To prevent incidents and Zero Zero One prioritize well-being, we minor, major or fatal minor, major or fatal minor accident implement accidents accidents ❖ Safety Audits ❖ Mock drills on periodically ❖ Emergency Plans ❖ Fire Protocols 0 0 1 ❖ Comprehensive
Slide 7: Q4 & FY25 Performance Highlights
Q4 & FY25 Performance Highlights Scan QR Code for detailed financials
Slide 8: Q4 and FY25 Financial and Operational Highlights
Q4 and FY25 Financial and Operational Highlights Achieved Annual Guidance with Highest Quarterly and Annual Revenue, EBITDA and PAT Highest ever Highest ever Strong Revenue EBITDA Order Intake Q4FY25 Rs 798 crores Rs 195 crores Rs 645 crores +41.3% YoY +44.3% YoY +16.0% YoY FY25 Rs 2,227 crores Rs 5
Slide 9: From the desk of CMD
From the desk of CMD Commenting on the results, Shri Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Company Ltd. Said, “For Q4FY25, Elecon reported consolidated revenue of ₹ 798 crores, reflecting a robust growth of 41.3% on a Y-o-Y basis. The quarterly EBITDA stood at ₹ 195
Slide 10: Consolidated Segment-wise Performance - Gears
Consolidated Segment-wise Performance - Gears Revenue (Rs Crs.) EBIT (Rs Crs.) Margin 27.2 24.5 26.3 24.7 (%) +5.6% -0.9% 1,669 1,763 • Gear division saw a strong 439 435 recovery in Q4, especially in the +28.9% +16.2% domestic market. Gear division 464 597 146 Revenue grew by 28.9% in 126 Q4FY25. Q
Slide 11: Consolidated Segment-wise Performance – MHE
Consolidated Segment-wise Performance – MHE Revenue (Rs Crs.) EBIT (Rs Crs.) Margin 21.4 29.6 21.7 28.4 (%) • MHE division continued to see +72.8% +125.5% sustained momentum, with revenue nearly doubling YoY in 464 +174.2% 132 Q4FY25. On a full year basis, +98.2% Revenue in MHE division grew 269 200
Slide 12: Consolidated Revenue Split
Consolidated Revenue Split Geography Wise Segment Wise (Rs Crs., %) (Rs Crs., %) +14.9% +14.9% 2,227 2,227 1,937 1,937 +41.3% 15.6% +41.3% 5.6% 798 798 1,710 1,763 1,479 (77%) (79%) 565 (76%) 565 1,669 48.8% 28.9% 597 (86%) 662 (83%) (75%) 445 464 (79%) (82%) 458 12.8% 517 464 136 200 269 72.8% 120
Slide 13: Consolidated Order Book
Consolidated Order Book Order Intake (Rs Crs.) Open Order as at 31st March 2025 (Rs Crs.) +19.4% +19.1% 2,380 948 1,994 796 583 1,794 536 +16.0% 1,601 645 556 497 365 412 586 260 393 144 148 Q4FY24 Q4FY25 FY24 FY25 Mar-2024 Mar-2025 Gear MHE ❖ Gear Division: The Order Intake for Q4FY25 stood at Rs.
Slide 14: Consolidated Performance
Consolidated Performance Total Revenue Revenue (Gear) Revenue (MHE) (Rs Crs.) (Rs Crs.) (Rs Crs.) +14.9% +5.6% +72.8% 2,227 1,669 1,763 464 +41.3% 1,937 +28.9% +98.2% 269 798 597 200 565 464 101 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 EBITDA Profit After Tax (Rs Crs.)
Slide 15: Consolidated Key Ratios
Consolidated Key Ratios Return on Networth (%)1 ROCE (%)2 Total Asset Turnover (x) Net Fixed Asset Turnover (x) 22.4% 29.1% 1.0 3.7 3.6 21.0% 26.8% 0.9 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 Debt to Equity (x)3 Working Capital Cycle (Days) Current Ratio (x) Quick Ratio (x)4 0.09 77 3.0 3.2 2.7 72 2
Slide 16: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (Rs. Crs.) Q4FY25 Q4FY24 Y-o-Y Q3FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 798 565 41.3% 529 50.8% 2,227 1,937 14.9% Operating Expenses 444 288 268 1,187 1,018 Gross Profit 354 277 27.6% 261 35.5% 1040 919 13.1% Gross Profit Margin 44.3%
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Crs.) Mar-25 Mar-24 Equity and Liabilities (Rs. Crs.) Mar-25 Mar-24 Non-current assets EQUITY Property, Plant and Equipment 555 516 Equity Share Capital 22 22 Capital work-in-progress 7 1 - - Share Application Money Right to use of Assets/Investment Properties
Slide 18: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (Rs. Crs.) FY25 FY24 Profit before Tax 537 465 Adjustment for Non-Operating Items 38 50 Operating Profit before Working Capital Changes 575 516 Changes in Working Capital (72) (43) Cash Generated from Operations 503 472 Less: Direct Taxes paid 127 108 Net
Slide 19: Company Overview
Company Overview
Slide 20: Engineering Company providing Innovation led Technology Solutions
Engineering Company providing Innovation led Technology Solutions State of art manufacturing facilities with DSIR One of the largest manufacturer of Gear Solution providers in Asia & Material Handling Equipment approved In-House R&D facility for new product development and separate Engineering facil
Slide 21: Started in 1951 and evolved as one of Asia’s Largest Gear Solutions Company
Started in 1951 and evolved as one of Asia’s Largest Gear Solutions Company Established in Mumbai by Late Shri Ishwarbhai Patel Acquisition debt repaid Forayed into manufacturing conveying Listed on Bombay Established Successful execution of defence equipment Stock Exchange Gear division (Indian Nav
Slide 22: Global MNC with Strong Distribution Network
Global MNC with Strong Distribution Network Serving to 2 95+ R&D Centres in India Countries Overseas Market Domestic Market 35+ 4 Manufacturing & 60+ 110+ Assembly Centres 65+ Pan India Customer Customer Presence Distributors & Dealers Distributors & Dealers Representatives 10 Sales Office Represent
Slide 23: Two R&D Centre in India to strengthen our leadership position
Two R&D Centre in India to strengthen our leadership position Pre- DSIR approved In- Engineering 100+ Engineers Design House R&D facility Stage team dedicated for Stage R&D 3-D Design Model & Analysis & 20+ Software for Drawings Value 7 Patents designing, analysis and Engineering applied / granted p
Slide 24: State of the Art Manufacturing Facility
State of the Art Manufacturing Facility State of the art facility located at Vallabh Vidyanagar, Gujarat The facility is spread over 335,000 Square Meter Bird’s eye view of the Facility 23
Slide 25: Gear Division – Providing a wide variety of solutions
Gear Division – Providing a wide variety of solutions Diversified across Market leaders in the Best in class Gear Widest range of World Class industries such as domestic market and operations with low strategically expanding Solutions Industrial Gears Power, Cement, lead time Sugar, Steel etc. overs
Slide 26: Supplying to multiple industries thus diversifying risk
Supplying to multiple industries thus diversifying risk Steel Cement Sugar Plastic Industry Agnostic Gear Access to new market Resilience to Business Sustainable Performance Solutions opportunities Cycles Defence Rubber Mining Power …and many more 25
Slide 27: MHE Division: A proxy to Capex Creation
MHE Division: A proxy to Capex Creation Largest supplier of Pioneers in Stockyard Machines Enhanced manufacturing Bulk & Wagon tipplers in diversification Widest range of End User Industry MHE India across industries products Consistent delivery Robust In-House Discontinued EPC Maintaining of high-q
Slide 28: Board of Directors
Board of Directors Shri Prayasvin B. Patel Shri Pranav C. Amin Chairman & Managing Director Independent & Non-Executive Director Experience of 49 years in engineering industry. He holds a Bachelors in He is a graduate in Economics/Industrial Management and MBA in Engineering (Mech.) and an MBA (USA)
Slide 29: Strong Management Team
Strong Management Team Shri M.M Nanda Shri P. K. Bhasin Head of Gear Division Head of MHE Division Joined Elecon in 1973 as a Liaison Officer and advanced Effective leader with over 40 years of experience and his to become the Marketing Head and subsequently the core expertise lies in Marketing, Hum
Slide 30: Strong Relationship with Marque Clients
Strong Relationship with Marque Clients Gear MHE …and many more The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only 29
Slide 31: Awards and Recognition
Awards and Recognition Excellence Award in the category of Best Practices in HR & IR Policies by Federation of Gujarat Industries 3rd Consecutive Year in a row Award for Occupational Safety 30
Slide 32: ESG Vision
ESG Vision
Slide 33: Sustainable towards Environment 1/2
Sustainable towards Environment 1/2 Eco friendly and Green Campus Rainwater Harvesting to conserve rainwater ~90% Lighting converted into LED 40% reduction in using wood by replacing to Nail-less Packaging STP to reuse sewage water ~60% Energy from Renewal Sources • Wind Power – 14 MW & Solar Power
Slide 34: Sustainable towards Environment 2/2
Sustainable towards Environment 2/2 Elecon’s commitment to 3 United Nations Sustainable Development Goals (UN SDGs) for pledge towards sustainable environment Elecon received approval for NEAR-TERM SCIENCE-BASED TARGETS from SBTi on 6th January 2025 Elecon commits to reduce absolute scope 1 and 2 GH
Slide 35: Elecon Engineering – A responsible corporate
Elecon Engineering – A responsible corporate Health & Medical Promoting Sports Caring for Society ❖ Blood Donation Camp ❖ Elecon Cricket Academy ❖ Food Distribution for needy ❖ Charity to NGOs for health care ❖ Support to Weaker Section of ❖ Elecon Tennis Academy Society and financial support to peo
Slide 36: Vision for Inclusiveness
Vision for Inclusiveness Promoting procurements from MSME Sustainable Supply Chains Dealer and Channel Conducting Training CSD Sales Conference Partner Meet Program for the customers Web Supplier Portal for sustainable supply chain Business Partner Meet Training Program 35
Slide 37: Building Strong Workforce with Care
Building Strong Workforce with Care Sustained Workforce Leadership Program Care & Safety Culture Encouragement ❖ 10+ Years average service ❖ “Gurupath”– A succession ❖ Zero Fatality ❖ 215+ Learning and ❖ Celebrate events for period of an employee development programme Development Programs ❖ Health &
Slide 38: Historical Performance
Historical Performance
Slide 39: Historical Consolidated Financial Performance and Guidance for FY26
Historical Consolidated Financial Performance and Guidance for FY26 Total Revenue EBITDA EBITDA Margin (Rs Crs.) (Rs Crs.) (%) +410 bps +22.5% 2,650 +30.1% 636 24.5% 24.4% 24.0% 543 22.2% 2,227 20.3% 1,937 474 1,530 339 1,212 246 FY22 FY23 FY24 FY25 FY26E FY22 FY23 FY24 FY25 FY26E FY22 FY23 FY24 FY2
Slide 40: Historical Consolidated Ratios
Historical Consolidated Ratios Return on Networth (%)1 ROCE (%)2 Total Asset Turnover (x) Net Fixed Asset Turnover (x)5 22.4% 29.1% 1.0 3.7 3.6 21.0% 26.8% 0.9 18.8% 0.9 24.0% 2.9 13.6% 17.6% 0.7 2.3 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Debt to Equity (x)3
Slide 41: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Profit and Loss (Rs. Crs.) FY25 FY24 FY23 FY22 CAGR Revenue from Operations 2,227 1,937 1,530 1,212 22.5% Operating Expenses 1,187 1,018 836 661 Gross Profit 1040 919 694 551 23.6% Gross Margin (%) 46.7% 47.4% 45.4% 45.4% Employee Cost 209 188 150 128
Slide 42: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Assets (Rs Crs.) Mar-25 Mar-24 Mar-23 Mar-22 Equity and Liabilities (Rs Crs.) Mar-25 Mar-24 Mar-23 Mar-22 ASSETS EQUITY AND LIABILITIES Non-current assets EQUITY Property, Plant and Equipment 555 516 527 523 Equity Share Capital 22 22 22 22 Capital work-in-progr
Slide 43: Historical Consolidated Cashflow Statement
Historical Consolidated Cashflow Statement Particulars (Rs Crs.) FY25 FY24 FY23 FY22 Profit before Tax 537 465 300 171 Adjustment for Non-Operating Items 38 50 39 106 Operating Profit before Working Capital Changes 575 516 338 277 Changes in Working Capital (72) (43) 37 (22) Cash Generated from Oper
Slide 44: Thank You
Thank You Company: ELECON ENGINEERING COMPANY LIMITED Investor Relations: Strategic Growth Advisors Pvt. Ltd. www.sgapl.net CIN: L29100GJ1960PLC001082 CIN: U74140MH2010PTC204285 Mr. Narasimhan Raghunathan / Mr. Ashish Jain Mr. Sagar Shroff / Mr. Tanay Shah Email: narasimhanr@elecon.com / arjain@elec
Elecon Engineering Company — Q4 FY25 Earnings Presentation on 6ix