New Delhi: Elecon Engineering Company manufactures material handling equipment and industrial gears. It also provides erection and commissioning solutions for its products. The company provides solutions for the entire value chain of material handling systems in the country. If you had invested Rs 1 lakh in this company a year ago, it would have been worth Rs 2.8 lakh today. The share of the company was at Rs 197.15 on May 24, 2022 and reached Rs 551.15 on May 23, 2023. It has gained 182.6 per cent in the last one year. The company is a part of the S&P BSE Smallcap Index and has given multibagger returns in the last one year. The company’s net profit for the fourth quarter of FY2023 grew by 45.20 per cent to Rs 66.32 crore. During this period, the company’s net sales increased by 28.06 percent to Rs 424.54 crore. The company’s sales were Rs 331.53 crore a year ago. The company is currently trading at a PE of 26.3 times as against the industry PE of 27.4 times. In FY22, the company’s ROE stood at 20.7 per cent and ROCE at 24.7 per cent. The company is a part of Group B Stocks and has a market cap of Rs 6,480.11 crore. The stock of the company opened at Rs 559.15 today. It went up to Rs 584.95 and went down as low as Rs 557.00 in early trade. Its 52 week high is Rs 584.95 and its lowest is Rs 180.90 on BSE.
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