Elecon Engineering Co. Ltd. · NSE:ELECON
Elecon Engineering — Q3 FY26 Earnings Presentation
45 slides from Elecon Engineering's earnings presentation, Jan 8, 2026
Slide 1: Exchange covering letter for investor presentation
8th January, 2026 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 9th January, 2026 Ref. : Regulat
Slide 2: Investors Presentation – Q3 & 9M FY26
Elecon Engineering Company Limited Investors Presentation – Q3 & 9M FY26
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: Agenda
Agenda Values and Cultural Beliefs Company Overview Historical Performance. 1 3 5 2 4 Q3 & 9M FY26 ESG Performance Highlights Vision
Slide 5: Values and Cultural Beliefs
GEARING THE FUTURE Values and Cultural Beliefs
Slide 6: 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 7: 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 8: Safety and Wellness
Safety and Wellness 2020-21: Zero Accidents 2021-22: One Minor To prevent incidents and prioritize Accident well-being, we implement: 2022-23: Safety Audits Safety ingrained as a Zero Accidents Mock Drills Fundamental Emergency Preparedness Plans 2023-24: Fire Safety Protocols One Minor Value Accide
Slide 9: Q3 & 9M FY26 Performance Highlights
Q3 & 9M FY26 Performance Highlights
Slide 10: Consolidated Q3 & 9M FY26 Financial Highlights
Consolidated Q3 & 9M FY26 Financial Highlights Revenue EBITDA Order Intake Q3FY26 Rs. 552 crores Rs. 109 crores Rs. 701 crores +4% YoY -23% YoY +7% YoY 9MFY26 Rs. 1,620* crores Rs. 365* crores Rs. 2,003 crores +13% YoY +5% YoY +15% YoY * Consolidated Revenue and EBITDA for 9MFY26 include Rs 25 crore
Slide 11: 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 Q3FY26, Elecon reported Consolidated Revenue of ₹ 552 crores, reflecting a growth of 4.3% on a Y-o-Y basis. EBITDA for the quarter stood at ₹ 109 crores
Slide 12: Consolidated Segment-wise Performance – Gears
Consolidated Segment-wise Performance – Gears Revenue (Rs Crs.) EBIT (Rs Crs.) Revenue from the Gear Division remained flat in Q3 Margin FY26, primarily due to delays 27.8 18.2 24.4 18.6 +5.4% (%) in order inflows during H1 FY26, which consequently -19.9% impacted execution and 1,227 +1.3% 1,165 dif
Slide 13: Consolidated Segment-wise Performance – MHE
Consolidated Segment-wise Performance – MHE Revenue (Rs Crs.) EBIT (Rs Crs.) The MHE Division continued Margin (%) 30.9 20.2 27.4 26.1 30.9 its strong growth momentum +48.7% in Q3 FY26. Revenue grew by +39.1% +67.6% 16.3% YoY during the quarter, +32.7% while 9MFY26 revenue 368 393 121 +16.3% -24.0%
Slide 14: Consolidated Revenue Split
Consolidated Revenue Split Geography Wise Segment Wise (Rs Crs., %) (Rs Crs., %) +13.4% +13.4% 1,620 1,620 +4.3% +4.3% 1,429 1,429 +18.7% +5.4% 529 552 552 529 +4.5% 1,245 +1.3% 1,227 1,048 (77%) (76%) 1,165 (73%) (82%) 403 421 423 429 (76%) (76%) (80%) (78%) 381 -1.4% 393 126 +3.6% 131 376 264 +48.
Slide 15: Consolidated Order Book
Consolidated Order Book Order Intake (Rs Crs.) Open Order as at 31st Dec 2025 (Rs Crs.) +15.4% +24.2% 1,372 2,003 1,735 1,105 +7.2% 811 1,441 684 1,297 654 701 469 464 561 562 421 438 185 237 Q3FY25 Q3FY26 9MFY25 9MFY26 Dec-24 Dec-25 Gear MHE ❖ Gear Division: The Order Intake for Q3FY26 stood at Rs.
Slide 16: Consolidated Performance
Consolidated Performance Total Revenue * Revenue (Gear) Revenue (MHE) * (Rs Crs.) (Rs Crs.) (Rs Crs.) +13.4% +5.4% +48.7% +11.6% +39.1% 1,227 +1.3% 1,165 393 +4.3% 1,595 1,620 +16.3% 368 1,429 264 552 423 429 123 529 105 Q3FY25 Q3FY26 9MFY25 9MFY26* 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9
Slide 17: Consolidated Key Ratios
Consolidated Key Ratios Return on Networth (%)1,6 RoCE (%)2,6 Total Asset Turnover (x)6 Net Fixed Asset Turnover (x)5,6 0.9 3.6 26.8% 0.8 3.3 23.6% 21.0% 18.5% FY25 H1FY26 FY25 H1FY26 FY25 H1FY26 FY25 H1FY26 Debt to Equity (x)3 Working Capital Cycle (Days) Current Ratio (x) Quick Ratio (x)4 0.11 3.6
Slide 18: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (Rs. Crs.) Q3FY26 Q3FY25 Y-o-Y Q2FY26 Q-o-Q 9MFY26 9MFY25 Y-o-Y Revenue from Operations* 552 529 4.3% 578 -4.6% 1620 1429 13.4% Raw Material Cost 313 268 329 875 743 Gross Profit 239 261 -8.5% 249 -4.3% 746 686 Gross Margin (%) 43.3% 49.3% -610 bp
Slide 19: Company Overview
@ELECON | benzlers*| radicon™ @ELECON 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 approved In- One of the largest manufacturer of Gear Solution House R&D facility for new product development and separate providers in Asia & Material Handling Equipment with Engineering
Slide 21: Elecon at 75: A Legacy of Engineering Excellence
Elecon at 75: A Legacy of Engineering Excellence Established in Mumbai by Late Shri Ishwarbhai Patel Acquisition debt repaid Forayed into Successful execution of manufacturing conveying Listed on Bombay Established defence (Indian Navy) equipment Stock Exchange Gear division project 1951 1960 1962 1
Slide 22: 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 23: Our Footprint Across India & the Globe
Our Footprint Across India & the Globe Benzlers Plant Sweden (Helsingborg) ~3,100 Sq. Meters Benzlers Plant Netherlands (Venlo) ~1,700 Sq. Meters Radicon Plant UK (Elland) ~3,000 Sq. Meters Radicon Plant USA (Elgin) ~4,900 Sq. Meters Elecon Manufacturing Plant (Vallabh Vidyanagar) ~3,35,000 Sq. Mete
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 approximately 335,000 Square Meters Our Ultra Modern Facility - BMCE
Slide 25: Product Development & Innovation
Product Development & Innovation Design Analysis & Value Engineering Stage Engineering Stage 2 Patents granted & 3D Modelling and 5 Patents applied 100+ Engineers team Drawing Stage dedicated for R&D Pre-Design Stage 20+ Software for designing, analysis and DSIR approved parameter validation In-Hous
Slide 26: 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 27: 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
Slide 28: 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 29: Board of Directors
Board of Directors Shri Prayasvin B. Patel Shri Pranav C. Amin Chairman & Managing Director Independent 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 commercial expertise. He
Slide 30: Strong Management Team
Strong Management Team Mr. Deepak Dalwadi Mr. Kaushik Patel Mr. Narasimhan Raghunathan Head of Gear Division Head of MHE Division Chief Financial Officer › Joined Gear division as › Joined the Company as an › Over two decades of General Manager- Supply Engineer in Project experience in Accounts, Cha
Slide 31: 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
Slide 32: Awards and Recognition
Awards and Recognition “Best Employee Engagement Strategy” Award by Indian Red Cross Society felicitated for contribution Synnex at India HR Summit Awards 2025, New Delhi through Voluntary Blood Donation drives 3rd Consecutive Year in a row
Slide 33: ESG Vision
ESG Vision
Slide 34: 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 ~55% Energy from Renewal Sources Wind Power – 13.2 MW & Solar Power
Slide 35: 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 36: 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 (both overseas Elecon Tennis Academy Support to Weaker Section of and domestic) for health care and financial suppo
Slide 37: 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 Dealer and Channel Partner Meet
Slide 38: Building Strong Workforce with Care
Building Strong Workforce with Care Sustained Workforce Leadership Program Care & Safety Culture Encouragement 10+ Years average service “Gurupath”– A 170+ Learning and Celebrate events for period of an employee succession development Zero Fatality Development Programs programme employees' achieveme
Slide 39: Historical Performance
GEARING THE FUTURE Historical Performance
Slide 40: 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 41: 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 42: 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 43: 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 44: 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 44 50 39 106 Operating Profit before Working Capital Changes 581 516 338 277 Changes in Working Capital (22) (43) 37 (22) Cash Generated from Oper
Slide 45: Thank You
Thank You ELECON ENGINEERING COMPANY LIMITED CIN: L29100GJ1960PLC001082 Ashish Jain Email: arjain@elecon.com For updates and specific queries, please visit www.elecon.com Instagram PNG Icons, Instagram Logo PNG Images For Free ...
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