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Elecon Engineering Share Price Target 2024, 2025, 2026 to 2039 With Charts
Elecon Engineering Company Limited | |||
 | Symbol: ELECON | ||
| Price: ₹562 | |||
| Exchange: NSE | |||
| Industrials -> Specialty Industrial Machinery | |||
Show Table of Contents
Table of Contents
- 1: Elecon Engineering Brief Company Overview
- 1.1: Company Overview of Elecon Engineering Company Limited
- 1.2: Elecon Engineering Financial Performance
- 1.2.1: Is Elecon Engineering A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Elecon Engineering Share Price Target For 2024
- 2.1.1: Elecon Engineering Share Price Target Table For 2024
- 2.1.2: Summary: Elecon Engineering Share Price Prediction For 2024
- 2.2: Elecon Engineering Share Price Target For 2025
- 2.2.1: Elecon Engineering Share Price Target Table For 2025
- 2.2.2: Summary: Elecon Engineering Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Elecon Engineering Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Elecon Engineering Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Elecon Engineering Past Performance
Elecon Engineering Brief Company Overview
Company Overview of Elecon Engineering Company Limited
Established in 1951, Elecon Engineering Company Limited is a prominent manufacturer and supplier of power transmission and material handling equipment in India and abroad.
Their diverse product range includes gearboxes, couplings, material handling equipment, and alternate energy products, catering to a wide spectrum of industries such as cement, sugar, defense, steel, mining, power, and more.
Elecon's commitment to providing high-quality products and services has earned them a reputation for excellence in the industry. They offer comprehensive support services, including gearbox repair and refurbishment, and material handling equipment maintenance.
With a strong presence in both domestic and international markets, Elecon Engineering Company Limited is a trusted partner for businesses seeking reliable and efficient solutions for their power transmission and material handling needs.
Elecon Engineering Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 13,330.45 Crore | Market valuation of Elecon Engineering's shares. |
| Revenue (TTM) | 1,938.68 Crore | Total revenue generated by Elecon Engineering over the past twelve months. |
| Net Income (TTM) | +355.13 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 19.51% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 18.31% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +4.8% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -1% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 6.72 | Company's total debt divided by total shareholder equity. |
| Total Debt | 118 Crore | Sum of Elecon Engineering's current & long-term financial obligations. |
| Total Cash | 531.67 Crore | Total amount of liquid funds available to Elecon Engineering. |
| Beta | 1.18 | Beta is greater than 1 indicating that the Elecon Engineering's price is more volatile than the market. |
Is Elecon Engineering A Good Buy For Long Term?
Elecon Engineering, a mid-cap stock with a market capitalization of ₹12,532.74 crore, shows mixed signals. While its Q2 2024-25 report indicates a healthy cash balance of ₹531.67 crore and a relatively low debt of ₹118 crore, a significant drop in profitability (-1% YoY) and a considerable negative return over the past six months (-50.78%) raise concerns. The high profit margin (18.31%) is positive, but the recent performance warrants caution. It's currently not a good buy for long-term investment, given the recent negative trends despite past strong growth (1213.19% over three years). More analysis is needed before considering this stock.
To predict the Elecon Engineering's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Elecon Engineering Share Price Target For 2024
The line chart displays the monthly closing prices of Elecon Engineering with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Elecon Engineering shares in 2024, see the table below.
Elecon Engineering Share Price Target Table For 2024
| Elecon Engineering's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 579.15 (+3.05%) | Price Action: Oct 2024 High |
| 2024 Target 2 | 572.90 (+1.93%) | Custom Fibonacci Extension Lvl 64.9% |
| 2024 Target 1 | 565.84 (+0.68%) | Fibonacci Extension Level 100% |
| Current Price | 562.00 | Elecon Engineering's 1 share price as of Fri 22 Nov 2024 |
| Stop Loss 1 | 560.40 (-0.29%) | Price Action: 14 Nov 2024 High |
| Stop Loss 2 | 553.78 (-1.47%) | Fibonacci Retracement Level 71.8% |
| Stop Loss 3 | 548.15 (-2.47%) | Price Action: 21 Nov 2024 Low |
Summary: Elecon Engineering Share Price Prediction For 2024
In summary, Elecon Engineering has declined by ₹-364.95, recording a notable -39.37% decrease from 1st January 2024 to 22 Nov 2024. Despite the setback, our analysis of Elecon Engineering for 2024 predicts an additional rise of 0.68% to 3.05% by the end of 2024 with three potential targets T1: 565.84, T2: 572.90, T3: 579.15. Stop Loss at SL1: 560.40, SL2: 553.78, SL3: 548.15.
Elecon Engineering has a 52-week high of ₹739.09, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹395.14, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Elecon Engineering.
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Elecon Engineering Share Price Target For 2025
The line chart displays the monthly closing prices of Elecon Engineering with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Elecon Engineering shares in 2025, see the table below.
Elecon Engineering Share Price Target Table For 2025
| Elecon Engineering's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 1105.99 (+96.79%) | Price Action: Chart |
| 2025 Target 2 | 1085.37 (+93.12%) | Price Action: Chart |
| 2025 Target 1 | 1074.62 (+91.21%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 562.00 | Elecon Engineering's 1 share price as of Fri 22 Nov 2024 |
| Stop Loss 1 | 437.16 (-22.22%) | Price Action: Chart |
| Stop Loss 2 | 432.79 (-23%) | Price Action: Chart |
| Stop Loss 3 | 425.00 (-24.38%) | Price Action: Chart |
Summary: Elecon Engineering Share Price Prediction For 2025
In summary, Elecon Engineering has declined by ₹-364.95, recording a notable -39.37% decrease from 1st January 2024 to 22 Nov 2024. Despite the setback, our analysis of Elecon Engineering for 2025 predicts an additional rise of 91.21% to 96.79% by the end of 2025 with three potential targets T1: 1074.62, T2: 1085.37, T3: 1105.99. Stop Loss at SL1: 437.16, SL2: 432.79, SL3: 425.00.
Elecon Engineering has a All-Time high of ₹1409.00, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹395.14, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Elecon Engineering, we have created a specific page for that check here: Elecon Engineering Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Elecon Engineering Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Elecon Engineering share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 2.98% over the next 15 years.
For complete year by year Elecon Engineering long term share price target from 2024, 2025 to 2039 check the below table.
Elecon Engineering Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Elecon Engineering Target | YoY Change % |
|---|---|---|
| 2024 | ₹562 | [Current Price] |
| 2024 | ₹694.34 | 23.54% |
| 2025 | ₹416.46 | -40.03% |
| 2026 | ₹493.84 | 18.58% |
| 2027 | ₹404.87 | -18.02% |
| 2028 | ₹552.32 | 36.41% |
| 2029 | ₹1,008.29 | 82.55% |
| 2030 | ₹933.34 | -7.44% |
| 2031 | ₹810.8 | -13.13% |
| 2032 | ₹995.68 | 22.8% |
| 2033 | ₹992.97 | -0.28% |
| 2034 | ₹1,079.82 | 8.74% |
| 2035 | ₹998.62 | -7.52% |
| 2036 | ₹866.73 | -13.21% |
| 2037 | ₹1,063.43 | 22.69% |
| 2038 | ₹1,059.63 | -0.36% |
| 2039 | ₹1,047.58 | -1.14% |
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Elecon Engineering Past Performance
- In 1990, Elecon Engineering opening price was ₹5.33
- As of Fri 22 Nov 2024 the price stands at ₹562.
- This represents a Compound Annual Growth Rate (CAGR) of 14.24%.
- In 34 years, an investment of 10,000 would have become ₹10.54 Lakh.
As we wrap up, we hope you like our study on Elecon Engineering share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Elecon Engineering Share Price History
- Elecon Engineering Price Target Tomorrow
- Elecon Engineering Dividend History
- Elecon Engineering Bonus History
- Elecon Engineering Split History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
