Elecon Engineering Company Limited (ELECON.BO)
Elecon Engineering Company Limited operates in the Industrial - Machinery industry of the Industrials sector, headquartered in Vallabh Vidyanagar, GU, IN. The stock last traded at $432.50, down 2.41% on the session, giving a market capitalisation of $96.72B. Its beta of 0.49 implies it has historically moved less than the broad market.
Elecon Engineering Company Limited, an Indian enterprise founded in 1951 and based in Vallabh Vidyanagar, is a leading manufacturer and international distributor of both power transmission and material handling equipment. The company's operations are structured into two primary divisions: Transmission Equipment and Material Handling Equipment. Its Transmission Equipment portfolio encompasses an extensive array of products, including various types of gearboxes such as helical, bevel helical, planetary, worm, high-speed, wind turbine, marine, and custom-engineered solutions. This segment also provides loose gears, vertical roller mill drives, a diverse range of couplings (including geared, flexible, fluid, and torsion shaft varieties), and elevator traction machines. The Material Handling Equipment division offers comprehensive systems and machinery designed for raw material handling, alongside stackers, scrapers, reclaimers, bagging and weighing units, loaders for wagons and trucks, crushers, wagon tipplers and their associated gear, feeders, idlers, pulleys, magnets, weighers, detectors, specialized port equipment, and cable reeling drums. Beyond its core manufacturing, Elecon also produces alternative energy products, operates a ferrous and non-ferrous foundry, and provides crucial services such as gearbox repair, refurbishment, and support for material handling equipment. The company serves a broad spectrum of industries, including cement, sugar, defense, steel, mining, power, plastics, chemicals, palm oil, crane operation, paper production, rubber manufacturing, marine applications, and fertilizer production, as well as sectors like windmills and ports.
Elecon Engineering Company Limited is most often compared with the following Industrials names: