Elecon Engineering Company Ltd Share Price – NSE  / BSE

Capital Goods-Non Electrical Equipment, Small Cap

The board of Elecon Engineering Company at its meeting held on 15 April 2026 has approved the following:

Approved the appointment of Aayush Shah (DIN: 07140517) as the Executive Director of the Company for a term of three (3) years with effect from 1 October 2026.

Approved the appointment of Dr. Savan Godiawala (DIN: 07874111) as an Additional Director designated as a Non-Executive & Independent Director of the company for a term of five (5) years with effect from 15 April 2026.

The board of Elecon Engineering Company at its meeting held on 15 April 2026 has approved the appointment of Chintan Shah as the Chief Financial Officer & Key Managerial Company of the Company with effect from 15 April 2026.

Domestic revenue added up to Rs 610 crore (down 7.85% YoY) and that from overseas was Rs 136 crore (flat YoY).

EBITDA declined by 19.1% to Rs 158 crore in Q4 FY26 from Rs 195 crore in Q4 FY25. EBITDA margin for the period under review was 21.2%, down 330 basis points.

For FY26, the company reported revenue and net profit of Rs 2,366 crore (up 6.2% YoY) and Rs 341 crore (down 17.8% YoY), respectively.

Prayasvin B. Patel, chairman & managing director of Elecon Engineering Company, said: ?Order-in-take for the quarter was Rs 657 crore, and open order book as at 31 March 2026 stood at Rs 1,292 crore.

The strong open order book, combined with a healthy order inflow outlook across markets, provides good visibility for the coming year.

Elecon continues to be a market leader in India for both Industrial Gear Solutions and Material Handling Equipment and continues to maintain the growth momentum in the domestic market.

Despite near term global challenges, we remain focused on expanding our overseas business across multiple geographies.

Our competitive edge is driven by advanced manufacturing capabilities, recently upgraded with state-of-the-art machinery, a comprehensive portfolio of high-quality products, and the ability to deliver custom-engineered solutions with optimized lead times, ensuring consistent and reliable performance for our diverse customer base.

During Q4 FY26, our Material Handling Equipment (MHE) division sustained its strong growth trajectory, reporting revenue of Rs 274 crore, up 36.8% YoY, with an EBIT margin of 22.8%. With our strategic focus on product supply and expansion of aftermarket services, we expect this segment to maintain steady momentum going forward.

Revenue in the Gear Division for Q4 FY26 was Rs 472 crore compared to Rs 597 crore in Q4FY25, with an EBIT margin of 19.3%. This decrease was primarily attributable to delays in order inflows, extended dispatch schedules, and the deferment of deliveries by customers amid ongoing global macroeconomic challenges. We are carrying a healthy open order book for next year which provides confidence in a growth recovery for this division in the coming year.

Demand remains healthy across both domestic and overseas markets. In India, sustained investment activity in key sectors such as power, steel, and cement is expected to drive growth. While geopolitical uncertainties persist, we are beginning to see early signs of recovery in our overseas business.?

Elecon Engineering Company is one of the largest manufacturers of industrial gears and material handling equipment.

The scrip shed 0.33% to end at Rs 413.25 on the BSE today.

Net profit of Elecon Engineering Company declined 95.90% to Rs 6.00 crore in the quarter ended March 2026 as against Rs 146.48 crore during the previous quarter ended March 2025. Sales declined 6.51% to Rs 745.61 crore in the quarter ended March 2026 as against Rs 797.57 crore during the previous quarter ended March 2025.

For the full year,net profit declined 17.81% to Rs 341.15 crore in the year ended March 2026 as against Rs 415.10 crore during the previous year ended March 2025. Sales rose 6.25% to Rs 2366.05 crore in the year ended March 2026 as against Rs 2226.96 crore during the previous year ended March 2025.

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