Elecon Engineering Co. Ltd. · NSE:ELECON
Elecon Engineering — Q2 FY27 Earnings Presentation
45 slides from Elecon Engineering's earnings presentation, Oct 14, 2026
Slide 1: Exchange filing cover letter for investor presentation
14th October, 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 15th October, 2026 Ref. : Regulat
Slide 2: Investor Presentation Q2 & H1 FY27
Investor Presentation Q2 & H1 FY27 Elecon’s Complex Gearbox: The COGAG Gearbox, Engineered for the Indian Navy. *Note: the photo used is for illustrative purposes only, actual product may differ.
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 Core Values and Beliefs Company Overview Historical Performance. 1 3 5 2 4 Q2 & H1 FY27 ESG Financial Highlights Vision
Slide 5: Core Value & Beliefs
01 Core Value & Beliefs EON Series 2 *Note: the photo used is for illustrative purposes only, actual product may differ.
Slide 6: Foundations to our Success through Values
Foundations to our Success through Values D R I V E Delightful Resolute Trust Ingenious Value Creation Ethics at the Core Customer Entrepreneurship Experience Ensure unparalleled positive Foster unwavering trust Demonstrate accountability for Create value and enable Uphold the highest standards cust
Slide 7: The Spirit of Elecon Engineering in Beliefs
The Spirit of Elecon Engineering in 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. LET’S U
Slide 8: Safety & Wellness
Safety & 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 Accident
Slide 9: Q2 & H1 FY27 Financial Highlights
02 Q2 & H1 FY27 Financial Highlights Helical Cum Planetary Gearbox *Note: the photo used is for illustrative purposes only, actual product may differ.
Slide 10: Consolidated Q2 & H1 FY27 Financial Highlights
Consolidated Q2 & H1 FY27 Financial Highlights Revenue EBITDA & Margin % Order Intake Q2FY27 ₹ 639 crores ₹ 148 crores (+17.7% YoY) ₹ 746 crores +10.5% YoY 23.1% (+140 bps) +8.4% YoY H1 FY27 ₹ 1,160 crores ₹ 257 crores (+11.4% YoY)* ₹ 1,501 crores +15.3% YoY +11.1%* YoY 22.2% (+10 bps)* Open Order a
Slide 11: From the Desk of the CMD
From the Desk of the CMD Commenting on the results, Mr. Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Company Ltd. said, “Q2 FY27 marked another quarter of healthy performance for Elecon, with Consolidated Revenue growing 10.5% Y-o-Y to ₹639 crores, while EBITDA increased 17
Slide 12: Consolidated Performance
Consolidated Performance Total Revenue * Revenue (Gear) Revenue (MHE) * (₹ Crs.) (₹ Crs.) (₹ Crs.) -5.2% +8.5% +13.1% +4.5% +11.1% 903 270 245 256 +10.5% 1,069 1,043 1,160 798 +10.4% +10.6% 578 639 488 137 151 441 Q2 FY26 Q2 FY27 H1 FY26 H1 FY26* H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY
Slide 13: Consolidated Segment Wise Performance – Gear Division
Consolidated Segment Wise Performance – Gear Division Revenue (₹ Crs.) EBIT (₹ Crs., %) Our Gear division continued to deliver strong growth in Q2 FY27, +13.1% with revenue increasing 10.6% Y-o-Y +21.8% +10.6% to ₹488 crores driven by disciplined 903 +27.2% 798 182 execution, reinforcing the divisio
Slide 14: Consolidated Segment Wise Performance – MHE Division
Consolidated Segment Wise Performance – MHE Division Revenue* (₹ Crs.) EBIT ** (₹ Crs., %) The MHE division registered a revenue -19.4% growth of 10.4% Y-o-Y during Q2 FY27. +4.5% 97 While project execution improved +10.4% 270 256 -13.4% 71 compared to Q1, a further acceleration 245 57 in execution
Slide 15: Consolidated Revenue Split
Consolidated Revenue Split Geography Wise (₹ Crs., %) Segment Wise (₹ Crs., %) H1 FY26* H1 FY27 H1 FY26* H1 FY27 245, 256, 309, 245, 23% 22% 27% 23% 798, 903, 798, 77% 78% 850, 77% 73% Domestic Overseas Gear MHE * Adjusted Revenue for H1 FY26 = Total Revenue less Arbitration Settlement Income of ₹ 2
Slide 16: Consolidated Order Book
Consolidated Order Book Order Intake (₹ Crs.) Open Order as at 30th September 2026 (₹ Crs.) +15.3% +33.4% 1,501 1,635 1,302 +8.4% 1,226 1,063 1,056 746 977 688 771 493 497 438 455 579 253 325 191 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Sep-25 Sep-26 Gear MHE
Slide 17: Consolidated Performance
Consolidated Performance Return on Networth (%)1 RoCE (%)2 Total Asset Turnover (x) Net Fixed Asset Turnover (x)5 3.2 0.8 2.8 0.7 20.4% 18.8% 15.9% 14.0% FY26 H1 FY27 FY26 H1 FY27 FY26 H1 FY27 FY26 H1 FY27 Debt to Equity (x)3 Working Capital Cycle (Days) Current Ratio (x) Quick Ratio (x)4 0.14 0.12
Slide 18: Consolidated Profit & Loss
Consolidated Profit & Loss Profit and Loss (Rs. Crs.) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y Revenue from Operations* 639 578 10.5% 521 22.7% 1160 1069 8.5% Raw Material & Manufacturing Cost 344 329 284 628 562 Gross Profit 295 249 18.1% 237 24.4% 531 507 Gross Margin (%) 46.1% 43
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Crs.) Sep-26 Mar-26 Equity and Liabilities (Rs. Crs.) Sep-26 Mar-26 ASSETS Non-current assets EQUITY AND LIABILITIES Property, Plant and Equipment 633 583 EQUITY Capital work-in-progress 42 23 Equity Share Capital 22 22 Right to use of Assets 385 295 Other Equi
Slide 20: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs Crs.) H1 FY27 FY26 Profit before Tax 218 454 Adjustment for Non-Operating Items 36 85 Operating Profit before Working Capital Changes 254 539 Changes in Working Capital 40 (117) Cash Generated from Operations 295 422 Less: Direct Taxes paid (Net of Re
Slide 21: Company Overview
03 Company Overview 41 Inch Special Worm Gearbox *Note: the photo used is for illustrative purposes only, actual product may differ.
Slide 22: Engineering Company providing Innovation led solutions
Engineering Company providing Innovation led solutions State of art manufacturing facilities with DSIR approved In- One of the largest manufacturer of Gear Solution providers House R&D facility for new product development and separate in Asia & Material Handling Equipment with more than Engineering
Slide 23: Elecon at 75: A Legacy of Engineering Excellence
Elecon at 75: A Legacy of Engineering Excellence Established in Mumbai Acquired Benzlers and Inaugurated Bhanubhai by Late Shri Radicon in Europe - Memorial Centre of Ishwarbhai Patel manufacturers of screw Excellence 2 – an ultra Forayed into jacks, shaft mounted modern industrial manufacturing Lis
Slide 24: Global Presence
Global Presence Domestic Market Serving Across India 1 13 Manufacturing Sales Offices Facility 65+ 55+ Distributors & Customer Reps Dealers Overseas Market Serving 95+ Countries 4 13 Assembly & Repair Centers Sales Offices 120+ 35+ Distributors & Customer Reps Dealers
Slide 25: Our Footprint across the Globe
Our Footprint across 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. Meters
Slide 26: State of the Art Manufacturing Plant
State of the Art Manufacturing Plant 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 2
Slide 27: Product Development & Innovation
Product Development & Innovation Design Analysis & Value Engineering Stage Engineering Stage 4 Patents granted & 3D Modelling and 3 Patents applied 105+ Engineers team Drawing Stage dedicated for R&D Pre-Design Stage ~20 Software for designing, analysis and DSIR approved parameter validation In-Hous
Slide 28: 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 29: Strength through Diversification
Strength through Diversification STEEL CEMENT POWER SUGAR MARINE PLASTIC RUBBER MINING INDUSTRIAL APPLICATIONS
Slide 30: MHE Division: Powering Industrial Growth
MHE Division: Powering Industrial Growth 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 design Maintaining of high-quality Fo
Slide 31: Board of Directors
Board of Directors Mr. Prayasvin B. Patel Chairman & Managing Director With over 5 decades of experience, Mr. Prayasvin B. Patel brings strong technical and commercial expertise. He holds a bachelor’s degree in mechanical engineering and is an MBA graduate from USA. Moreover, he plays a key role in
Slide 32: Seasoned Management Team
Seasoned Management Team Mr. Deepak Dalwadi Mr. Kaushik Patel Mr. Chintan Shah Head of Gear Division Head of MHE Division Chief Financial Officer › Joined Gear division as › Joined the Company as an › Mr. Chintan Shah brings nearly General Manager- Supply Engineer in Project 19 years of experience i
Slide 33: Trusted Supplier to Marquee Clients
Trusted Supplier to 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 34: ESG Vision
04 ESG Vision *Note: the photo used is for illustrative purposes only, actual product may differ.
Slide 35: Sustainable towards Environment
Sustainable towards Environment Elecon’s commitment to 3 United Nations SDG’s Through approval of SBTi, EECL has committed to reduce absolute scope 1 and 2 GHG emissions 54.6% by FY33 from a FY23 base year. Energy from Renewable Sources 55% Wind Power: 13.2 MW · Solar Power: 5.5 MW +8.3 MW plant und
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 a Strong Workforce with Care
Building a Strong Workforce with Care Sustained Workforce Leadership Program Care & Safety Culture Encouragement 10+ Years average service “Gurupath”– A Zero Fatality 104 Unique Learning and period of an employee succession development Development Programs Celebrate events for Health & Hygiene progr
Slide 39: Historical Performance
05 Historical Performance Barrel Type Blender Reclaimer *Note: the photo used is for illustrative purposes only, actual product may differ.
Slide 40: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Total Revenue EBITDA EBITDA Margin (₹ Crs.) (₹ Crs.) (%) +18.2% +20.7% 2,366 2,227 1,937 548 523 24.6% 474 22.2% 24.5% 22.1% 20.3% 1,530 1,212 339 246 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Profit After Tax (₹ Crs.) Pr
Slide 41: Historical Consolidated Ratios
Historical Consolidated Ratios Return on Networth (%)1 RoCE (%)2 Total Asset Turnover (x) Net Fixed Asset Turnover (x)5 1.0 3.7 3.6 0.9 0.9 3.2 0.8 2.9 22.4% 0.7 21.0% 29.1% 2.3 18.8% 26.8% 15.9% 24.0% 13.6% 20.4% 17.6% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22
Slide 42: Historical Consolidated Profit & Loss
Historical Consolidated Profit & Loss Profit and Loss (Rs. Crs.) FY26 FY25 FY24 FY23 FY22 CAGR Revenue from Operations 2,366 2,227 1,937 1,530 1,212 18.2% Raw Material & Manufacturing Cost 1,303 1,185 1,018 836 661 Gross Profit 1063 1042 919 694 551 17.9% Gross Margin (%) 44.9% 46.8% 47.4% 45.4% 45.
Slide 43: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Assets (Rs. Crs.) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Equity and Liabilities (Rs. Crs.) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 ASSETS EQUITY AND LIABILITIES Non-current assets EQUITY Property, Plant and Equipment 583 555 516 527 523 Capital work-in-progress 23 7 1 0
Slide 44: Historical Consolidated Cash Flow Statement
Historical Consolidated Cash Flow Statement Particulars (Rs Crs.) FY26 FY25 FY24 FY23 FY22 Profit before Tax 454 537 465 300 171 Adjustment for Non-Operating Items 85 32 50 39 106 Operating Profit before Working Capital Changes 539 569 516 338 277 Changes in Working Capital (117) (16) (43) 37 (22) C
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
Elecon Engineering Company — Q2 FY27 Earnings Presentation on 6ix