Eimco Elecon (India) Ltd

Business overview

• Mining equipment designer, manufacturer, and service provider in India.
• Focus on underground mining solutions, including LHDs, continuous miners, and related systems.
• Pan-India manufacturing and sales, with 10 sales offices.

Financial performance

• Q2 FY27 revenue ₹57 crore; H1 FY27 ₹134 crore; YoY growth 71% and 33% respectively.
• Q2 FY27 EBITDA ₹11 crore; H1 FY27 ₹25 crore; margins ~18.5–18.8%.
• Q2 FY27 PAT ₹8 crore; H1 FY27 ₹23 crore; PAT margins 13.8% and 17.3%.

Operational & order momentum

• Order book rises to ₹133 crore as of Sep 30, 2026; up 202% YoY.
• Healthy order inflows and robust execution support revenue growth.
• Product launches in 2025-26 include MCAR-E, MUV, and CM-3500.

Capital structure & liquidity

• Total assets ₹561 crore; equity ₹488 crore; cash ₹1 crore.
• Borrowings limited; no long-term debt balance disclosed.

Strategic outlook

• Industry tailwinds from government underground coal targets.
• Strategic focus on complete mining solutions and expanding service network.

Governance

• Board comprises Chairman Pradip Patel and independent directors; multiple executives listed.

Financial highlights

• Unaudited Q2 FY27 revenue ₹57 crore, up 70.9% YoY from ₹33 crore.
• Q2 FY27 EBITDA ₹11 crore; margin 18.8%; vs Q2 FY26 ₹5 crore, 15.4%.
• Q2 FY27 PAT ₹8 crore, up 46.5% YoY.
• H1 FY27 EBITDA ₹25 crore; margin 18.5%.
• Open order pipeline ₹133 crore.
• Margins in line with target 18-20%.

Outlook & momentum

• Demand environment remains optimistic due to ongoing infrastructure development and mining activity.
• Healthy order inflows and disciplined execution support growth momentum.

Board outcomes

• Unaudited Q2 FY27 results: Revenue from operations ₹5,679.72 lakh; Total income ₹5,868.78 lakh.
• Net profit for the quarter: ₹783.24 lakh; Basic and diluted EPS ₹13.58.

Q2 FY27 highlights

• EBITDA ₹11 crore; EBITDA margin 18.8% in Q2 FY27.
• PAT ₹8 crore; YoY growth 46.5%.
• Open order pipeline ₹133 crore.
• Margins in line with target range of 18-20%.

CFO resignation

• CFO Vishal C Begwani to resign effective 30 Oct 2026; ceases KMP and Risk Committee role.

Meeting Details

• Date: 13 October 2026.

Key Agenda Items

• Approve unaudited financial results for the quarter and half-year ended 30 September 2026.

Eimco Elecon (India) Limited — Trading Window closed from 1st October, 2026 till 48 hours after declaration of the Unaudited Financial Results for the quarter and half-year ended 30th September, 2026

Rating details

• Total bank loan facilities rated: Rs 101.5 crore.
• Long-Term rating: CRISIL A/Stable (Reaffirmed).
• Short-Term rating: CRISIL A1 (Reaffirmed).
• Rating Agency: CRISIL Ratings Limited.
• Rating letter received on: 18 August 2026.