Elecon Engineering Company Limited (ELECON) - Net Assets

Latest as of March 2026: Rs23.06 Billion INR ≈ $249.37 Million USD

Based on the latest financial reports, Elecon Engineering Company Limited (ELECON) has net assets worth Rs23.06 Billion INR (≈ $249.37 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs32.34 Billion ≈ $349.71 Million USD) and total liabilities (Rs9.28 Billion ≈ $100.34 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ELECON tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs23.06 Billion
% of Total Assets	71.31%
Annual Growth Rate	17.85%
5-Year Change	119.56%
10-Year Change	224.84%
Growth Volatility	17.67

Elecon Engineering Company Limited - Net Assets Trend (2005–2026)

This chart illustrates how Elecon Engineering Company Limited's net assets have evolved over time, based on quarterly financial data. See Elecon Engineering Company Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Elecon Engineering Company Limited (2005–2026)

The table below shows the annual net assets of Elecon Engineering Company Limited from 2005 to 2026. For live valuation and market cap data, see ELECON company net worth.

Year	Net Assets	Change
2026-03-31	Rs23.06 Billion ≈ $249.37 Million	+15.37%
2025-03-31	Rs19.99 Billion ≈ $216.15 Million	+24.60%
2024-03-31	Rs16.04 Billion ≈ $173.47 Million	+25.40%
2023-03-31	Rs12.79 Billion ≈ $138.33 Million	+21.79%
2022-03-31	Rs10.50 Billion ≈ $113.58 Million	+14.25%
2021-03-31	Rs9.19 Billion ≈ $99.41 Million	+7.62%
2020-03-31	Rs8.54 Billion ≈ $92.38 Million	+11.21%
2019-03-31	Rs7.68 Billion ≈ $83.06 Million	+8.35%
2018-03-31	Rs7.09 Billion ≈ $76.66 Million	-0.14%
2017-03-31	Rs7.10 Billion ≈ $76.77 Million	+19.90%
2016-03-31	Rs5.92 Billion ≈ $64.03 Million	+3.58%
2015-03-31	Rs5.72 Billion ≈ $61.82 Million	+0.79%
2014-03-31	Rs5.67 Billion ≈ $61.33 Million	-0.88%
2013-03-31	Rs5.72 Billion ≈ $61.87 Million	+24.73%
2012-03-31	Rs4.59 Billion ≈ $49.61 Million	+9.63%
2011-03-31	Rs4.18 Billion ≈ $45.25 Million	+28.30%
2010-03-31	Rs3.26 Billion ≈ $35.27 Million	+18.41%
2009-03-31	Rs2.75 Billion ≈ $29.78 Million	+16.34%
2008-03-31	Rs2.37 Billion ≈ $25.60 Million	+25.98%
2007-03-31	Rs1.88 Billion ≈ $20.32 Million	+83.03%
2006-03-31	Rs1.03 Billion ≈ $11.10 Million	+40.05%
2005-03-31	Rs733.05 Million ≈ $7.93 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Elecon Engineering Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 110199.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs17.79 Billion	77.16%
Common Stock	Rs224.40 Million	0.97%
Other Comprehensive Income	Rs4.75 Billion	20.62%
Other Components	Rs287.80 Million	1.25%
Total Equity	Rs23.06 Billion	100.00%

Elecon Engineering Company Limited Competitors by Market Cap

The table below lists competitors of Elecon Engineering Company Limited ranked by their market capitalization.

Company	Market Cap
Ningbo Fuda Co Ltd SHG:600724	$1.30 Billion
Wam Leaders Ltd AU:WLE	$1.30 Billion
Bright Dairy & Food Co Ltd SHG:600597	$1.30 Billion
Cibus Nordic Real Estate AB (publ) ST:CIBUS	$1.30 Billion
OC Oerlikon Corp AG SW:OERL	$1.30 Billion
Superior Plus Corp TO:SPB	$1.30 Billion
JM Financial Limited NSE:JMFINANCIL	$1.30 Billion
Yihai International Holding Ltd F:YIR	$1.30 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Elecon Engineering Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 19,986,900,000 to 23,058,500,000, a change of 3,071,600,000 (15.4%).
Net income of 3,411,500,000 contributed positively to equity growth.
Dividend payments of 448,800,000 reduced retained earnings.
Other comprehensive income increased equity by 4,500,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs3.41 Billion	+14.79%
Dividends Paid	Rs448.80 Million	-1.95%
Other Comprehensive Income	Rs4.50 Million	+0.02%
Other Changes	Rs104.40 Million	+0.45%
Total Change	Rs-	15.37%

Book Value vs Market Value Analysis

This analysis compares Elecon Engineering Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 5.21x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 123.65x to 5.21x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs4.33	Rs535.00	x
2006-03-31	Rs5.53	Rs535.00	x
2007-03-31	Rs10.12	Rs535.00	x
2008-03-31	Rs12.75	Rs535.00	x
2009-03-31	Rs14.83	Rs535.00	x
2010-03-31	Rs17.56	Rs535.00	x
2011-03-31	Rs22.53	Rs535.00	x
2012-03-31	Rs24.70	Rs535.00	x
2013-03-31	Rs49.37	Rs535.00	x
2014-03-31	Rs24.42	Rs535.00	x
2015-03-31	Rs24.58	Rs535.00	x
2016-03-31	Rs25.04	Rs535.00	x
2017-03-31	Rs31.63	Rs535.00	x
2018-03-31	Rs31.59	Rs535.00	x
2019-03-31	Rs34.23	Rs535.00	x
2020-03-31	Rs38.07	Rs535.00	x
2021-03-31	Rs40.96	Rs535.00	x
2022-03-31	Rs46.80	Rs535.00	x
2023-03-31	Rs57.00	Rs535.00	x
2024-03-31	Rs71.48	Rs535.00	x
2025-03-31	Rs89.07	Rs535.00	x
2026-03-31	Rs102.74	Rs535.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Elecon Engineering Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 14.79%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 14.42%
• Asset Turnover: 0.73x
• Equity Multiplier: 1.40x
Recent ROE (14.79%) is above the historical average (14.00%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	13.69%	3.61%	0.82x	4.64x	Rs27.08 Million
2006	27.16%	6.99%	0.74x	5.23x	Rs176.17 Million
2007	29.22%	8.21%	0.90x	3.96x	Rs361.13 Million
2008	28.39%	9.20%	0.72x	4.28x	Rs435.32 Million
2009	20.86%	7.28%	0.59x	4.84x	Rs299.11 Million
2010	20.29%	6.81%	0.75x	3.98x	Rs335.65 Million
2011	21.50%	6.99%	0.76x	4.07x	Rs481.19 Million
2012	13.20%	3.75%	0.84x	4.19x	Rs146.66 Million
2013	3.33%	1.17%	0.72x	3.95x	Rs-358.47 Million
2014	2.58%	1.06%	0.63x	3.87x	Rs-394.77 Million
2015	3.05%	1.23%	0.68x	3.67x	Rs-372.13 Million
2016	6.65%	2.91%	0.63x	3.61x	Rs-188.22 Million
2017	1.51%	0.89%	0.57x	2.95x	Rs-602.35 Million
2018	1.06%	0.63%	0.55x	3.05x	Rs-634.02 Million
2019	9.13%	5.72%	0.56x	2.82x	Rs-66.97 Million
2020	10.50%	8.24%	0.51x	2.50x	Rs42.82 Million
2021	6.27%	5.52%	0.52x	2.17x	Rs-342.94 Million
2022	13.38%	11.59%	0.71x	1.64x	Rs354.69 Million
2023	18.57%	15.53%	0.88x	1.35x	Rs1.10 Billion
2024	22.17%	18.35%	0.91x	1.32x	Rs1.95 Billion
2025	20.77%	18.64%	0.82x	1.37x	Rs2.15 Billion
2026	14.79%	14.42%	0.73x	1.40x	Rs1.11 Billion

Industry Comparison

This section compares Elecon Engineering Company Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $8,885,935,519
Average return on equity (ROE) among peers: 0.87%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Elecon Engineering Company Limited (ELECON)	Rs23.06 Billion	13.69%	0.40x	$1.30 Billion
Aaron Industries Limited (AARON)	$93.73 Million	11.30%	0.87x	$28.02 Million
Ador Welding Limited (ADORWELD)	$2.35 Billion	7.84%	0.61x	$184.52 Million
The Anup Engineering Limited (ANUP)	$3.23 Billion	13.31%	0.31x	$480.66 Million
ATAM VALVES ORD (BSE) (ATAM)	$364.70 Million	17.27%	0.48x	$8.92 Million
Azad Engineering Limited (AZAD)	$1.20 Billion	24.55%	2.37x	$1.44 Billion
Bharat Heavy Electricals Limited (BHEL)	$52.96 Billion	12.43%	1.30x	$15.29 Billion
Cummins India Limited (CUMMINSIND)	$20.43 Billion	28.94%	0.52x	$17.56 Billion
Diamond Power Infrastructure Limited (DIACABS)	$6.55 Billion	-122.90%	2.75x	$1.15 Billion
Diffusion Engineers Ltd (DIFFNKG)	$1.42 Billion	15.59%	0.62x	$149.46 Million
Ducon Infratechnologies Limited (DUCON)	$259.30 Million	0.36%	0.44x	$12.51 Million

About Elecon Engineering Company Limited

NSE:ELECON India Specialty Industrial Machinery

Market Cap

$1.30 Billion

Rs120.05 Billion INR

Market Cap Rank

#7959 Global

#381 in India

Share Price

Rs535.00

Change (1 day)

-4.23%

52-Week Range

Rs354.75 - Rs660.35

All Time High

Rs730.53