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Compare Elecon Engineering with GRINDWELL NORTON - Equitymaster
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ELECON ENGINEERING vs GRINDWELL NORTON - Comparison Results

ELECON ENGINEERING    Change

Elecon Engg. (Elecon) is a manufacturer of all kinds of material handling equipment like elevators, conveyors, & moving machinery, and reduction gears. It is the leading manufacturer of coal handling plants for Power Stations.

GRINDWELL NORTON 
   Change

Grindwell Norton Ltd. (GNL) is a 51% subsidiary of Compaigne de Saint-Gobain (a Euro 30 bn French company) which manufactures bonded abrasives, coated abrasive products, super abrasives, engineered ceramics, and engineered fluids. The company's manuf... More

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Current Valuations

    ELECON ENGINEERING GRINDWELL NORTON ELECON ENGINEERING/
GRINDWELL NORTON
 
P/E (TTM) x 40.1 17.9 223.4% View Chart
P/BV x 1.0 3.2 30.1% View Chart
Dividend Yield % 2.2 1.6 133.4%  

Financials

 ELECON ENGINEERING   GRINDWELL NORTON
EQUITY SHARE DATA
    ELECON ENGINEERING
Mar-16
GRINDWELL NORTON
Mar-16
ELECON ENGINEERING/
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs97814 11.9%   
Low Rs43595 7.2%   
Sales per share (Unadj.) Rs118.0213.6 55.2%  
Earnings per share (Unadj.) Rs3.518.9 18.6%  
Cash flow per share (Unadj.) Rs9.626.5 36.2%  
Dividends per share (Unadj.) Rs1.106.50 16.9%  
Dividend yield (eoy) %1.60.9 170.7%  
Book value per share (Unadj.) Rs51.4121.7 42.2%  
Shares outstanding (eoy) m108.9455.36 196.8%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x0.63.3 18.0%   
Avg P/E ratio x19.937.3 53.4%  
P/CF ratio (eoy) x7.326.6 27.4%  
Price / Book Value ratio x1.45.8 23.5%  
Dividend payout %31.434.4 91.1%   
Avg Mkt Cap Rs m7,60938,998 19.5%   
No. of employees `0000.71.8 38.7%   
Total wages/salary Rs m1,4961,526 98.0%   
Avg. sales/employee Rs Th18,520.96,596.3 280.8%   
Avg. wages/employee Rs Th2,155.3851.1 253.2%   
Avg. net profit/employee Rs Th550.7583.4 94.4%   
INCOME DATA
Net Sales Rs m12,85411,827 108.7%  
Other income Rs m362208 173.5%   
Total revenues Rs m13,21512,035 109.8%   
Gross profit Rs m1,5001,820 82.4%  
Depreciation Rs m661419 157.7%   
Interest Rs m74724 3,153.2%   
Profit before tax Rs m4531,586 28.6%   
Minority Interest Rs m59-12 -511.3%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m130528 24.5%   
Profit after tax Rs m3821,046 36.5%  
Gross profit margin %11.715.4 75.8%  
Effective tax rate %28.633.3 85.9%   
Net profit margin %3.08.8 33.6%  
BALANCE SHEET DATA
Current assets Rs m14,4595,723 252.7%   
Current liabilities Rs m11,0612,729 405.3%   
Net working cap to sales %26.425.3 104.4%  
Current ratio x1.32.1 62.3%  
Inventory Days Days10476 136.9%  
Debtors Days Days25546 550.9%  
Net fixed assets Rs m4,3163,581 120.5%   
Share capital Rs m218277 78.7%   
"Free" reserves Rs m5,3776,461 83.2%   
Net worth Rs m5,5946,738 83.0%   
Long term debt Rs m1,81428 6,525.9%   
Total assets Rs m20,3139,950 204.2%  
Interest coverage x1.667.9 2.4%   
Debt to equity ratio x0.30 7,859.7%  
Sales to assets ratio x0.61.2 53.2%   
Return on assets %5.610.8 51.7%  
Return on equity %6.815.5 44.0%  
Return on capital %17.023.6 72.0%  
Exports to sales %4.211.1 37.6%   
Imports to sales %2.728.4 9.5%   
Exports (fob) Rs m5351,307 40.9%   
Imports (cif) Rs m3463,356 10.3%   
Fx inflow Rs m5351,852 28.9%   
Fx outflow Rs m4113,555 11.6%   
Net fx Rs m124-1,703 -7.3%   
CASH FLOW
From Operations Rs m2761,358 20.3%  
From Investments Rs m9-367 -2.5%  
From Financial Activity Rs m-244-978 24.9%  
Net Cashflow Rs m4113 309.0%  

Share Holding

Indian Promoters % 58.1 7.7 754.5%  
Foreign collaborators % 0.0 51.3 -  
Indian inst/Mut Fund % 7.7 10.1 76.1%  
FIIs % 0.3 3.0 10.0%  
ADR/GDR % 0.0 0.0 -  
Free float % 33.9 27.9 121.5%  
Shareholders   52,128 12,133 429.6%  
Pledged promoter(s) holding % 10.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare ELECON ENGINEERING With:   NITIN FIRE PROTEC  SHANTHI GEARS  SWELECT ENERGY SYSTEMS  JAIN IRRIGATION  BATLIBOI LTD  

Compare ELECON ENGINEERING With:   ANSALDO STS (Italy)  SHANGHAI ELEC. (China)  DONGFANG ELEC. (China)  ABB (Switz.)  



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