Elecon Engineering Company Ltd:
The stock of Elecon Engineering has given bumper returns to investors in the last two years.
The share price of Elecon Engineering has seen a jump of more than 1100 percent during the last two years.
The share price of Elecon Engineering was Rs 26.10 on 20 July 2020, which reached Rs 331.25 on 19 July 2022.
If an investor had invested Rs 1 lakh in this stock two years ago, today its value would have reached around Rs 12 lakh.
Elecon Engineering is engaged in the field of Power Transmission Solutions and Material Handling Equipment.
It caters to the needs of sectors like Steel, Coal, Fertilizers, Cement, Mines, and Power Stations at home and abroad.
Elecon Engineering has emerged as the largest gear manufacturing company not only in India but in Asia.
This company is part of the BSE Smallcap Index. Elecon has outperformed the index with its performance.
In FY2022, the company's net revenue grew by 15.2% to Rs 1203 crore and PBIDT grew by 33.3% to Rs 255.7 crore.
In FY2022, the company's Profit After Tax increased by 149 percent to Rs 139 crore as compared to the previous year.
Elecon Engineering Company Ltd
Mkt cap: 3.63TCr P/E ratio: 25.83 Div yield: 0.31% 52-wk High: 348.45 52-wk low: 128.05