Elecon Engineering Co. Ltd. · NSE:ELECON
Elecon Engineering — Q1 FY26 Earnings Presentation
41 slides from Elecon Engineering's earnings presentation, Jul 11, 2025
Slide 1: Exchange filing cover letter
11th July, 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 Earnings Conference Call to be held on 11th July, 2025 Ref. : Regulation
Slide 2: Investor Presentation – Q1FY26
ONE OF ASIA’S LARGEST INDUSTRIAL GEAR SOLUTION COMPANY Unifying vision Global impact Elecon Engineering Company Limited Investor Presentation – Q1FY26
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 prioritize Zero Zero One well-being, we implement: accidents accidents minor accident ❖ Safety Audits ❖ Mock Drills ❖ Emergency Preparedness Plans ❖ Fire Safety Protocols 0 0 1 ❖ Comprehensive Training 1 1 0 ❖ Other targeted initia
Slide 7: Q1FY26 Performance Highlights
Q1FY26 Performance Highlights
Slide 8: Q1FY26 Financial and Operational Highlights
Q1FY26 Financial and Operational Highlights Steady Revenue EBITDA Order Intake Q1FY26 Rs. 4911 crores Rs. 1301 crores Rs. 614 crores +25% YoY +41% YoY +13% YoY Notes: (1) Recognized one-time arbitration claim settlement from earlier contracts in MHE division amounting to Rs. 25 crores under Revenue
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 Q1FY26, Elecon reported consolidated revenue of ₹ 491 crores, reflecting a healthy growth of 25% on a Y-o-Y basis. EBITDA stood at ₹ 130 crores, with EB
Slide 10: Consolidated Segment-wise Performance – Gears
Consolidated Segment-wise Performance – Gears Revenue (Rs Crs.) EBIT (Rs Crs.) Margin • Gear division delivered a steady 23.7 18.4 +6.1% (%) performance. Revenue grew by 6.1% in Q1FY26. 337 357 -17.5% 80 • EBIT Margin was impacted by 66 increased employee cost and brand building activities in overse
Slide 11: Consolidated Segment-wise Performance – MHE
Consolidated Segment-wise Performance – MHE Revenue (Rs Crs.) EBIT (Rs Crs.) Margin 25.3 46.0 +138.9% (%) • MHE division continued to see +334.6% 133 sustained momentum, with 61 adjusted revenue nearly doubling YoY in Q1FY26. 56 • Reported revenue and margin in 14 this division are aided by the arbi
Slide 12: Consolidated Revenue Split
Consolidated Revenue Split Geography Wise Segment Wise (Rs Crs., %) (Rs Crs., %) +25.0% +25.0% 491 491 392 392 41.4% 6.1% 367 357 (75%) (73%) 259 (66%) 337 (86%) 133 -7.0% 124 133 (34%) (25%) 56 138.9% (27%) (14%) Q1FY25 Q1FY26 Q1FY25 Q1FY26 Domestic Overseas Gear MHE MHE division continued its robu
Slide 13: Consolidated Order Book
Consolidated Order Book Order Intake (Rs Crs.) Open Order as at 30th June 2025 (Rs Crs.) +12.7% +17.2% 614 1,110 545 947 710 480 598 396 349 400 149 134 Q1FY25 Q1FY26 Jun-2024 Jun-2025 Gear MHE ❖ Gear Division: The Order Intake for Q1FY26 stood at Rs. 480 Crs. compared to Rs. 396 Crs. in Q1FY25, a Y
Slide 14: Consolidated Performance
Consolidated Performance Total Revenue * Revenue (Gear) Revenue (MHE) * (Rs Crs.) (Rs Crs.) (Rs Crs.) +25.0% +6.1% +138.9% 491 337 357 133 392 56 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 EBITDA * Profit After Tax ** (Rs Crs.) (Rs Crs.) Margin (%) 23.5 26.6 18.7 35.8 +41.0% +139.1% 130 175 92 73 Q1F
Slide 15: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (Rs. Crs.) Q1FY26 Q1FY25 Y-o-Y Q4FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations * 491 392 25.0% 798 -38.5% 2,227 1,937 14.9% Raw Material Cost 233 197 444 1,187 1,018 Gross Profit 258 195 31.8% 354 -27.1% 1040 919 13.1% Gross Margin (%) 52.5%
Slide 16: Company Overview
Company Overview
Slide 17: 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 18: 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 19: Global Presence with Strong Distribution Network
Global Presence with Strong Distribution Network 3 Brands serving across the globe Domestic Market – Serving across India 1 13 Manufacturing Facility Sales Offices 65+ 60+ Distributors & Dealers Customer Representatives Overseas Market – Serving 95+ Countries 4 10 Manufacturing / Assembly Sales Offi
Slide 20: Two locations with integrated R&D Centres in India
Two locations with integrated R&D Centres 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 2 Patents granted & designing, analysi
Slide 21: 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 approximately 335,000 Square Meters Bird’s eye view of the Facility 20
Slide 22: 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 23: 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 22
Slide 24: 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 25: Board of Directors
Board of Directors Shri Prayasvin B. Patel Shri Pranav C. Amin Chairman & Managing Director Independent & Non-Executive Director With over 5 decades of experience, Mr. Prayasvin B. Patel brings strong technical and He is a graduate in Economics/Industrial Management and MBA in International commerci
Slide 26: Strong Management Team
Strong Management Team Mr. M. M. Nanda Mr. Deepak Dalwadi Mr. Kaushik Patel Mr. Kamlesh Shah Mr. Narasimhan Raghunathan Head Designate of Gear Group Chief Financial Head of Gear Division Head of MHE Division Chief Financial Officer Division Officer Joined Elecon in 1973 as a › Joined Gear division a
Slide 27: Strong Relationship with Marquee Clients
Strong Relationship with Marquee 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 26
Slide 28: Awards and Recognition
Awards and Recognition 3rd Consecutive Year in a row 27
Slide 29: ESG Vision
ESG Vision
Slide 30: Sustainable towards Environment 1/2
Sustainable towards Environment 1/2 Eco friendly and Green Campus Rainwater Harvesting to conserve rainwater ~95% 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 – 13.2 MW & Solar Power
Slide 31: 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 Commitment to reduce absolute scope 1 and 2 GHG em
Slide 32: 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 and financial support to people Soci
Slide 33: Vision for Inclusiveness
Vision for Inclusiveness Promoting procurements from MSME Sustainable Supply Chains Dealer and Channel Conducting Training Business Partner Meet Partner Meet Program for the customers Web Supplier Portal for sustainable supply chain Business Partner Meet Training Program 32
Slide 34: 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 ❖ 73+ Learning and ❖ Celebrate events for period of an employee development programme Development Programs ❖ Health &
Slide 35: Historical Performance
Historical Performance
Slide 36: 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 37: 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 38: 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 39: 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 40: 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 41: 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 — Q1 FY26 Earnings Presentation on 6ix