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Eimco Elecon (India) Ltd Share Price Target From 2025 to 2030

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.


Eimco Elecon (India) Ltd Share Price Today (As of August 2025)

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

About Eimco Elecon (India) Ltd

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


Eimco Elecon Shareholding Pattern (June 2025)

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.


Eimco Elecon Share Price Target 2025 to 2030

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

Year-Wise Analysis & Investment Outlook

✅ Eimco Elecon Share Price Target 2025: ₹2,250 – ₹2,400

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.


✅ Eimco Elecon Share Price Target 2026: ₹2,450 – ₹2,700

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.


✅ Eimco Elecon Share Price Target 2027: ₹2,750 – ₹3,050

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 Elecon Share Price Target 2028: ₹3,100 – ₹3,400

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.


✅ Eimco Elecon Share Price Target 2029: ₹3,300 – ₹3,600

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.


✅ Eimco Elecon Share Price Target 2030: ₹3,500 – ₹3,800

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.


Should You Invest in Eimco Elecon (India) Ltd for the Long Term?

Yes. For investors seeking long-term growth in niche sectors like mining and construction equipment, Eimco Elecon offers strong potential.

Key Reasons to Invest:

  • High promoter holding (73.64%) ensures stability

  • Strong book value of ₹748.81 per share

  • Growing mining and infrastructure demand in India

⚠️ Risks to Watch:

  • Cyclic nature of mining sector

  • Dependency on government policies and coal production

  • Low liquidity compared to large-cap stocks


Conclusion

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.

author

The Tax Heaven

Mr.Vishwas Agarwal✍📊, a seasoned Chartered Accountant 📈💼 and the co-founder & CEO of THE TAX HEAVEN, brings 10 years of expertise in financial management and taxation. Specializing in ITR filing 📑🗃, GST returns 📈💼, and income tax advisory. He offers astute financial guidance and compliance solutions to individuals and businesses alike. Their passion for simplifying complex financial concepts into actionable insights empowers readers with valuable knowledge for informed decision-making. Through insightful blog content, he aims to demystify financial complexities, offering practical advice and tips to navigate the intricate world of finance and taxation.

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