Eimco Elecon (India) Ltd, a leading player in underground mining and construction equipment manufacturing, has been a significant contributor to India’s industrial growth. With decades of expertise, a strong promoter base, and innovation-driven machinery solutions, the company has maintained its presence in the market despite cyclic challenges in the mining and infrastructure sectors.
In this blog, we’ll analyze Eimco Elecon’s business, financial performance, shareholding pattern, and future price targets from 2025 to 2030.
Detail | Value |
---|---|
Open | ₹2,260.00 |
Previous Close | ₹2,260.00 |
Day’s High | ₹2,277.00 |
Day’s Low | ₹2,200.80 |
52-Week High | ₹3,395.05 |
52-Week Low | ₹1,301.00 |
All Time High | ₹3,499.00 |
All Time Low | ₹28.00 |
Market Capitalization | ₹1,290 Cr |
VWAP | ₹2,225.95 |
Beta (Volatility) | 1.27 |
Book Value Per Share | ₹748.81 |
Face Value | ₹10 |
Dividend Yield | 0.22% |
Volume | 10,514 |
20D Avg Volume | 12,245 |
20D Avg Delivery (%) | 35.62% |
UC/LC Limit | ₹2,712.00 / ₹1,808.00 |
Founded in 1974 as a joint venture with Eimco Corporation, USA, Eimco Elecon specializes in mining machinery and construction equipment. It manufactures loaders, drills, and continuous miners widely used in coal and non-coal mines across India.
The company has a strong reputation due to:
Wide range of mining and tunneling equipment
Growing focus on mechanization in India’s mining industry
Promoter holding of over 73%, indicating strong commitment
Steady financials with attractive book value per share
Investor Type | Holding (%) |
---|---|
Promoters | 73.64% |
Retail & Others | 25.82% |
Other Domestic Institutions | 0.34% |
Foreign Institutions | 0.21% |
This high promoter holding reflects strong trust and stability in the company.
Year | Minimum Target (₹) | Maximum Target (₹) |
---|---|---|
2025 | 2,250 | 2,400 |
2026 | 2,450 | 2,700 |
2027 | 2,750 | 3,050 |
2028 | 3,100 | 3,400 |
2029 | 3,300 | 3,600 |
2030 | 3,500 | 3,800 |
By 2025, Eimco Elecon is expected to maintain stability around current levels.
Reasons:
Demand from coal and non-coal mining
Improving order book in underground mining machinery
Strong promoter support
Advice: Accumulate on dips for long-term holding.
The company is likely to gain momentum with government push toward domestic coal production.
Reasons:
Higher mechanization in Indian mines
Stable margins and operational efficiency
Advice: Hold for medium-term; watch Q2 and Q4 results.
A bullish trend may emerge in 2027 with strong demand.
Reasons:
Higher orders from mining PSUs like Coal India
Strong financial ratios supported by book value growth
Advice: Reinvest dividends and continue long-term holding.
Eimco could cross the ₹3,000 mark comfortably.
Reasons:
Growing exports of mining machinery
Rising coal demand in Asia
Cost efficiency in manufacturing
Advice: Suitable for aggressive investors looking at high returns.
By 2029, the company may strengthen its market share further.
Reasons:
Increasing global demand for underground mining solutions
Stable promoter control ensuring governance
Advice: Ideal stock for long-term investors.
By 2030, the company may hit new highs.
Reasons:
Consistent financial growth
Expansion of product portfolio
Strong leadership and rising institutional interest
Advice: Good option for long-term wealth creation.
Yes. For investors seeking long-term growth in niche sectors like mining and construction equipment, Eimco Elecon offers strong potential.
High promoter holding (73.64%) ensures stability
Strong book value of ₹748.81 per share
Growing mining and infrastructure demand in India
Cyclic nature of mining sector
Dependency on government policies and coal production
Low liquidity compared to large-cap stocks
Eimco Elecon (India) Ltd, with its leadership in underground mining machinery, stable promoter backing, and strong fundamentals, is well-positioned for steady growth. With a current price around ₹2,260, analysts project the stock could touch ₹3,800 by 2030 if the company sustains its financial and operational growth.
For long-term investors seeking diversification into the mining equipment sector, Eimco Elecon can be a valuable addition to the portfolio.