ELECON
Elecon Engineering Company Limited
Each stock's 10,000-path forecast, rendered as light.
Elecon Engineering Company Limited (ELECON) Stock Analysis & Case Study
Is ELECON a good buy? The data-driven verdict.
Elecon Engineering Company Limited (ELECON) trades at ₹438,on the numbers it mixed signals, a Downstox Snapshot Score of 46/100.
On the numbers, Elecon Engineering Company Limited (ELECON) mixed signals, a Downstox Snapshot Score of 46/100, weighing premium at 32.5× earnings, ROE of 16.4%, a 52% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
ELECON fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How ELECON ranks against the 2,373 companies in our screener
- ELECON's market cap of 9,825 Cr ranks in the 75th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ELECON's book value of ₹103 ranks in the 53rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ELECON's promoter holding of 59.3% ranks in the 50th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ELECON's 3-year profit (PAT) growth of 14.0% ranks in the 48th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ELECON's 3-year revenue growth of 16.0% ranks in the 65th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ELECON's debt-to-equity ratio of 0.12x is lower than 73% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is ELECON overvalued? ELECON P/E vs peers
ELECON trades at 32.5× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
ELECON share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of ELECON history (28%/yr drift, 47%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| ELECON 2027 | ₹244 | ₹449 | ₹827 | +3% |
| ELECON 2028 | ₹194 | ₹461 | ₹1,093 | +5% |
| ELECON 2029 | ₹163 | ₹473 | ₹1,373 | +8% |
| ELECON 2030 | ₹143 | ₹485 | ₹1,647 | +11% |
| ELECON 2031 | ₹131 | ₹497 | ₹1,885 | +14% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability ELECON goes up, or doubles?
The bull case for ELECON
- ELECON's return on equity of 16.4% ranks in the 76th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- ELECON's return on capital employed of 20.9% ranks in the 82nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,373.
The bear case & risks
- ELECON's P/E of 32.5x is lower than 42% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- High historical volatility (47%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹163.
ELECON volatility & expected range, how bumpy is the ride?
Over the last 9.8 years ELECON compounded at 28%/year with annualized volatility of 47%. That volatility implies a 1-year 80% range of ₹244-₹827, the honest backbone behind any single price target.
ELECON price forecast, the full 60-month probability fan
ELECON price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds ELECON hits common targets within the simulated horizon?
Full multi-horizon detail on the ELECON price target & forecast page.
ELECON Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. ELECON scores 6/8, mixed financial health.
ELECON MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy ELECON with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 36.54% | 2.7× |
| Zerodha | 36.54% | 2.7× |
| Groww | 36.63% | 2.7× |
| Dhan | 36.54% | 2.7× |
| Kotak NeoCHEAPEST | 36.50% | 2.7× |
| Paytm Money | 38.54% | 2.6× |
| Pocketful | 37.01% | 2.7× |
| Anand Rathi | 36.54% | 2.7× |
| Bajaj Broking | 39.00% | 2.6× |
| Share India | 36.61% | 2.7× |
Compare every broker on the ELECON MTF page.
Which ace investors hold ELECON?
Held by 1 tracked superstar investor (from public NSE/BSE disclosures):
About Elecon Engineering Company Limited: sector, index & market-cap context
Elecon Engineering Company Limited (ELECON) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹9,825 Cr. See more stocks on our screener.
How the ELECON Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Elecon Engineering Company Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
ELECON analysis, FAQs
Is Elecon Engineering Company Limited (ELECON) a good buy?
On the numbers, Elecon Engineering Company Limited (ELECON) mixed signals, a Downstox Snapshot Score of 46/100, weighing premium at 32.5× earnings, ROE of 16.4%, a 52% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is ELECON overvalued or undervalued?
ELECON trades at 32.5× earnings, premium versus the ~22× long-run Nifty average.
What is the ELECON share price target for 2031?
ELECON's probability-weighted 2031 median target is ₹497, with an 80% range of ₹131-₹1,885 (10,000-path Monte-Carlo).
What is the probability ELECON doubles in 5 years?
The modelled probability of ELECON reaching ₹876 (2×) within 5 years is 30%.
What is the bull case for ELECON?
ELECON's return on equity of 16.4% ranks in the 76th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. ELECON's return on capital employed of 20.9% ranks in the 82nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in ELECON?
ELECON's P/E of 32.5x is lower than 42% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. High historical volatility (47%/yr) means a wide, bumpy range of outcomes, size positions accordingly.