ELECON ENG. CO. LTD

Makes industrial gear solutions and material handling equipment, with revenue of ₹2,366 cr in FY26 split between two segments: Transmission Equipment at 65.5% (₹1,350.35 cr) and Material Handling Equipment at 34.5% (₹711.5 cr). The gear division sells gearboxes, gears and related power transmission products to industrial customers; the MHE division sells bulk material handling equipment such as conveyors and systems used in ports, mining, cement and similar industries. End customers span power, steel, cement, sugar, marine, port and defence sectors, with overseas markets contributing a growing share — international made up 36% of Q1 FY27 gear revenue. The consolidated open order book stood at ₹1,518 cr as of Q1 FY27, up 36.8% year-on-year, with the overseas order book up 73% year-on-year. The biggest input cost is raw materials at 49.6% of revenue, followed by other operating expenses at 20.1% and employee costs at 10.2%; depreciation accounts for 4.4% and capex ran at 5.1% of revenue. The company carries net cash of roughly ₹700 cr and is working through a ₹400 cr capex programme spread across FY26-FY28, with management targeting ₹5,000 cr of consolidated revenue by FY30.