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Eimco Elecon

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uuid0036sh1

Namestring
Eimco Elecon
Legal namestring
Eimco Elecon (India) Limited
Websiteurl
eimcoelecon.in
Company typeenum
Public
Founded yearint
1974
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersVallabh Vidyanagar, India
HQ citystring
Vallabh Vidyanagar
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
mining equipment, construction equipment, underground mining vehicles, material handling systems, industrial machinery
Industry1 code
1Aluminum Project Development, Engineering & EPC (Smelters/Refineries)
CodeIMAKACAOPrimaryYes
Product category
Heavy Mining and Construction Equipment
No data
Revenue model1 record
1Mining & Construction Equipment Sales
TypeOne Time License
Description

Sale of underground mining vehicles and construction equipment to mining and construction companies. One-time capital equipment purchases with service contracts.

business-standard.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

No source data was provided to describe Eimco Elecon's core offerings.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Eimco Elecon (India) Limited is a mining and construction equipment manufacturer. Based on available sources, the company produces specialized underground coal mining vehicles including the UV-A-BE and MCAR-E models. The company operates with a consolidated order book of Rs 1,518 crore and has recently expanded its land holdings in Gujarat for business expansion.

Scale indicator11 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1BEML Limited
TypeDirect peer
Description

Indian public-sector manufacturer of mining, construction, and defence heavy equipment with a strong underground mining equipment lineup. Directly comparable to Eimco Elecon on product category, customer base (Indian mining companies), and listed-entity profile.

2Tata Hitachi Construction Machinery
TypeDirect peer
Description

Joint venture between Tata and Hitachi offering excavators, dump trucks, and mining equipment in India. Compares directly on construction and mining equipment product range sold to Indian infrastructure and mining customers.

3Epiroc AB
TypeBroad incumbent
Description

Swedish mining and infrastructure equipment manufacturer spun off from Atlas Copco, with a leading portfolio in underground mining equipment. Comparable as a broad incumbent whose core product overlap with Eimco Elecon is exactly in underground mining vehicles.

4Volvo Construction Equipment
TypeBroad incumbent
Description

Global construction equipment manufacturer with a broad portfolio including loaders, excavators, and haulers. Comparable as a broader incumbent whose construction equipment line overlaps with Eimco Elecon's secondary customer segment.

5Caterpillar Inc.
TypeBroad incumbent
Description

Global leader in mining and construction equipment with significant underground mining product lines. Comparable as a broad incumbent operating in Eimco Elecon's category with much greater scale and a global footprint.

6Elecon Engineering Company
TypeDirect peer
Description

Indian industrial gear and material handling equipment manufacturer historically linked to Eimco Elecon through shared ownership history. Comparable on industrial equipment manufacturing, Indian listed profile, and shared customer base in mining and bulk material handling.

7Sandvik AB
TypeBroad incumbent
Description

Swedish engineering group with a Mining and Rock Solutions segment focused on underground mining equipment and automation. Comparable as a global broad incumbent in underground mining equipment, the same niche Eimco Elecon targets with UV-A-BE and MCAR-E.

8Komatsu Ltd.
TypeBroad incumbent
Description

Global mining and construction equipment manufacturer with a strong underground hard rock and coal mining equipment presence. Comparable as a broad incumbent in the same product categories Eimco Elecon serves.

9JCB India
TypeBroad incumbent
Description

Indian subsidiary of JCB, one of the largest construction equipment manufacturers in India (backhoes, excavators, compactors). Comparable as an incumbent in the Indian construction equipment segment where Eimco Elecon also competes.

10Liebherr
TypeBroad incumbent
Description

Family-owned global manufacturer of construction equipment, mining equipment (including underground mining dump trucks), and heavy machinery. Comparable as a broad incumbent with direct overlap in underground mining equipment and construction equipment.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Eimco Elecon

Heavy Mining and Construction Equipmenteimcoelecon.in

Eimco Elecon firmographics

Firmographics
Name
Eimco Elecon
Legal name
Eimco Elecon (India) Limited
Website
https://eimcoelecon.in
Company type
Public
Founded year
1974
Operating status
Operating
Headcount range
101–250 employees
Ownership category
akta.pro rank

Eimco Elecon industry classification

Industry
Product category
Heavy Mining and Construction Equipment
akta.pro primary industry
Aluminum Project Development, Engineering & EPC (Smelters/Refineries) (IMAKACAO)

Keywords

  • Mining equipment
  • Construction equipment
  • Underground mining vehicles
  • Material handling systems
  • Industrial machinery

Where Eimco Elecon is headquartered

Location

Headquarters

HQ city
Vallabh Vidyanagar
HQ country
India
HQ region
Asia

Offices1 record

Markets served

Eimco Elecon business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing

Revenue model

  1. Mining & Construction Equipment Sales: Sale of underground mining vehicles and construction equipment to mining and construction companies. One-time capital equipment purchases with service contracts.

Eimco Elecon product offering

Product offering

Core offering

No source data was provided to describe Eimco Elecon's core offerings.

Product overview

Eimco Elecon (India) Limited is a mining and construction equipment manufacturer. Based on available sources, the company produces specialized underground coal mining vehicles including the UV-A-BE and MCAR-E models. The company operates with a consolidated order book of Rs 1,518 crore and has recently expanded its land holdings in Gujarat for business expansion.

Differentiator

Problem solved

Functional benefit

Companies that use Eimco Elecon

Customer profile

Segments2 records

Eimco Elecon technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Eimco Elecon partnerships and signals

Strategic signal

Scale indicators11 records

Recent moves6 records

Expansion highlights3 records

Eimco Elecon competitors and assessment

Company assessment

Direct peers

  • BEML Limited: Indian public-sector manufacturer of mining, construction, and defence heavy equipment with a strong underground mining equipment lineup. Directly comparable to Eimco Elecon on product category, customer base (Indian mining companies), and listed-entity profile.
  • Tata Hitachi Construction Machinery: Joint venture between Tata and Hitachi offering excavators, dump trucks, and mining equipment in India. Compares directly on construction and mining equipment product range sold to Indian infrastructure and mining customers.
  • Elecon Engineering Company: Indian industrial gear and material handling equipment manufacturer historically linked to Eimco Elecon through shared ownership history. Comparable on industrial equipment manufacturing, Indian listed profile, and shared customer base in mining and bulk material handling.

Broad incumbents

  • Epiroc AB: Swedish mining and infrastructure equipment manufacturer spun off from Atlas Copco, with a leading portfolio in underground mining equipment. Comparable as a broad incumbent whose core product overlap with Eimco Elecon is exactly in underground mining vehicles.
  • Volvo Construction Equipment: Global construction equipment manufacturer with a broad portfolio including loaders, excavators, and haulers. Comparable as a broader incumbent whose construction equipment line overlaps with Eimco Elecon's secondary customer segment.
  • Caterpillar Inc. Global leader in mining and construction equipment with significant underground mining product lines. Comparable as a broad incumbent operating in Eimco Elecon's category with much greater scale and a global footprint.
  • Sandvik AB: Swedish engineering group with a Mining and Rock Solutions segment focused on underground mining equipment and automation. Comparable as a global broad incumbent in underground mining equipment, the same niche Eimco Elecon targets with UV-A-BE and MCAR-E.
  • Komatsu Ltd. Global mining and construction equipment manufacturer with a strong underground hard rock and coal mining equipment presence. Comparable as a broad incumbent in the same product categories Eimco Elecon serves.
  • JCB India: Indian subsidiary of JCB, one of the largest construction equipment manufacturers in India (backhoes, excavators, compactors). Comparable as an incumbent in the Indian construction equipment segment where Eimco Elecon also competes.
  • Liebherr: Family-owned global manufacturer of construction equipment, mining equipment (including underground mining dump trucks), and heavy machinery. Comparable as a broad incumbent with direct overlap in underground mining equipment and construction equipment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Eimco Elecon compliance and trust

Trust signal

Compliance1 record

Eimco Elecon financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Eimco Elecon leadership team

Management profile

Number of profiles

Eimco Elecon funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Eimco Elecon M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eimco Elecon

What does Eimco Elecon do?

No source data was provided to describe Eimco Elecon's core offerings.

Is Eimco Elecon a public or private company?

Eimco Elecon is a public company. It is classified as unknown and is currently operating.

When was Eimco Elecon founded?

Eimco Elecon was founded in 1974. It employs 101 to 250 people.

Where is Eimco Elecon based?

Eimco Elecon is headquartered in Vallabh Vidyanagar, India, in the Asia region.

How does Eimco Elecon make money?

One revenue line is on record: mining & Construction Equipment Sales.

Who are Eimco Elecon's main competitors?

Direct peers on record are BEML Limited, Tata Hitachi Construction Machinery and Elecon Engineering Company. Broad incumbents are Epiroc AB, Volvo Construction Equipment, Caterpillar Inc., Sandvik AB, Komatsu Ltd., JCB India and Liebherr.

Does Eimco Elecon have an API?

No public API is recorded for Eimco Elecon.

What industry is Eimco Elecon in?

Eimco Elecon's product category is Heavy Mining and Construction Equipment. Its primary akta.pro industry code is IMAKACAO, Aluminum Project Development, Engineering & EPC (Smelters/Refineries).

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Live signals
MintSmall cap engineering stock surges 8% after Vijay Kedia-backed Kedia Securities picks up 1.45% stake | Stock Market NewsShares of small-cap engineering company Eimco Elecon (India) surged 8% in Wednesday's trade after shareholding data revealed that Kedia Securities acquired an 83,930 equity stake representing 1.45% of the company during the June 2026 quarter, valued at approximately ₹14.8 crore at current market prices. Foreign Institutional Investors also increased their stake to 3.25% from 3.10%, while promoter holding remained unchanged at 48.96%, indicating continued confidence from company insiders. The stock has delivered multibagger returns of around 295% over the past five years despite a 26% decline over the past one year.MintWhy Vijay Kedia just bet on this small-cap mining stock | Stock Market NewsVeteran investor Vijay Kedia has acquired a stake in small-cap mining equipment manufacturer Eimco Elecon through Kedia Securities Pvt. Ltd, purchasing 83,930 shares during the June 2026 quarter valued at approximately ₹150 million at quarter-end. This marks Kedia's first position in the company, as he held no stake in the preceding quarter. While Kedia has not publicly disclosed his investment rationale, the article notes Eimco Elecon's recent product launches and long-term growth strategy as potential factors behind the bet.The Times of IndiaVijay Kedia’s new smallcap bet revealed; FIIs raise stake, stock up 15% in one month - The Economic TimesVijay Kedia-backed Kedia Securities acquired a fresh 1.45% stake in smallcap engineering company Eimco Elecon during the June 2026 quarter, worth approximately Rs 14.8 crore at the current market price of Rs 1,755 per share. The stock has gained nearly 15% over the past month while FIIs also increased their stake from 3.10% to 3.25% during the same period. Eimco Elecon shows strong fundamentals including three consecutive quarters of revenue growth, low debt levels, and zero promoter pledge, with the company commanding a market capitalisation of around Rs 1,024 crore.Financial ExpressVijay Kedia’s 2 new microcap bets: Why he just bought shares from exiting promotersAce investor Vijay Kedia has acquired stakes in two microcap companies - iWare Supplychain Services (6% stake) and Eimco Elecon (India) (1.45% stake) - in both cases buying shares from promoters who were exiting their positions. iWare is a recently listed SME logistics company showing impressive revenue growth (68% CAGR over 5 years to Rs 258 crore in FY26) but concerning cash burn (negative Rs 20 crore operating cash flow) and margin compression (operating margin fell from 20% to 11%), while Eimco Elecon is a debt-free mining equipment maker with a Rs 205 crore investment book that saw FY26 profit decline to Rs 39 crore from Rs 49 crore in FY25. The article analyzes Kedia's pattern of buying from exiting promoters in niche, under-researched industrial and logistics names, noting both stocks present different risk profiles - iWare as a momentum play where cash flows need to catch up with reported profits, and Eimco as a potential value trap where cheapness alone may not create returns.Financial ExpressVijay Kedia’s 2 new microcap bets: Why he just bought shares from exiting promotersAce investor Vijay Kedia has purchased stakes in two microcap companies — iWare Supplychain Services and Eimco Elecon (India) — acquiring shares from promoters who were exiting their positions in open-market bulk deals. Kedia built a 6% stake worth approximately Rs 15 crore in iWare Supplychain Services (a logistics company listed on NSE's SME platform in May 2026) and a 1.45% stake also worth around Rs 15 crore in Eimco Elecon (India) (a mining equipment manufacturer). The article highlights significant risks in both picks: iWare faces cash burn despite surging revenue, while Eimco Elecon trades at a premium to its historical valuation despite recent earnings decline, raising questions about whether either represents genuine value or a value trap.Business StandardEimco Elecon slips after Q1 PAT drops nearly 60% YoY; order book stands at Rs 1,518 croreEimco Elecon (India) reported a 59.9% year-over-year decline in net profit to Rs 70.35 crore for Q1 FY27, despite revenue rising 6.1% to Rs 520.56 crore, as total expenses jumped 14.9% YoY. The profit drop was driven primarily by a 32.4% increase in raw material costs, along with higher manufacturing expenses (up 22.9%) and depreciation charges (up 21.3%). The company maintained a consolidated order book of Rs 1,518 crore as of June 30, 2026, providing revenue visibility for upcoming quarters.Business StandardEimco Elecon (India) standalone net profit rises 6.22% in the June 2026 quarterEimco Elecon (India) reported a 6.22% rise in standalone net profit to Rs 15.38 crore for the quarter ended June 2026, compared to Rs 14.48 crore in the same quarter of the previous year. Sales increased by 14.73% year-over-year to Rs 77.52 crore, while operating profit margin improved slightly to 18.38% from 18.22%. The financial metrics across PBDT and PBT also showed positive growth during the reporting period.Business StandardNifty trades above 24,050; PSU bank shares advanceThe Nifty 50 index rose 188.45 points to 24,070.50 in mid-afternoon trade on the BSE, with the broader market outperforming frontline indices as the BSE MidCap and SmallCap indices gained over 1.5%. PSU bank shares advanced 1.71% after declining for five consecutive trading sessions, with individual banks including Canara Bank and Punjab National Bank rising between 1-3%. Among notable stock movements, Eimco Elecon (India) reported a 6.2% rise in Q1 FY27 net profit to Rs 15.37 crore on revenue of Rs 77.52 crore, while Insolation Energy surged 11.81% after securing a Rs 558.29 crore contract from NTPC Renewable Energy.Business StandardEimco Elecon records over 6% YoY growth in Q1 PATEimco Elecon (India) reported a 6.2% year-over-year increase in net profit to Rs 15.37 crore for Q1 FY27, driven by a 14.7% rise in revenue to Rs 77.52 crore compared to Q1 FY26. Profit before tax grew 6.5% to Rs 19.61 crore, though total expenses also rose 14.7% to Rs 65.66 crore, primarily due to a 47.3% surge in raw material costs. The company's stock declined 1.61% to trade at Rs 1831 on the BSE following the announcement.ScanXEimco Elecon Q1FY27 net profit rises to ₹153.78 crore, revenue up 14.7%Eimco Elecon (India) Limited reported a 6.2% year-on-year rise in net profit to ₹153.78 crore for Q1FY27, driven by a 14.7% increase in revenue from operations to ₹775.23 crore. EBITDA improved to ₹142.05 crore with a margin of 18.32%, reflecting growth in profitability alongside the revenue expansion.