External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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<ul><li>Elecon Engineering Company Ltd. (Elecon), established in 1951, is a leading Indian manufacturer of industrial gear systems and material handling equipment.</li><li>As Asia’s largest gear manufacturer, it caters to critical sectors, including Power, Steel, Cement, and Mining.</li><li>The company has built a strong global presence through subsidiaries in Europe and the U.S., strengthened further by the Benzlers–Radicon acquisition</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Elecon Engineering Company Ltd. (Elecon), established in 1951, is a leading Indian manufacturer of industrial gear systems and material handling equipment.As Asia’s largest gear manufacturer, it caters to critical sectors, including Power, Steel, Cement, and Mining.The company has built a strong global presence through subsidiaries in Europe and the U.S., strengthened further by the Benzlers–Radicon acquisitionContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: Elecon Engineering Company Ltd - 26th September, 2026

<ul><li>Record Order Book Strengthens Revenue Visibility: Elecon's record consolidated order book of Rs 1,518 Cr (+37% YoY) and robust order inflow of Rs 755 Cr (+23% YoY) provide strong revenue visibility over the long term.</li><li>The healthy order backlog across both the Gear and Material Handling Equipment (MHE) segments is expected to support sustained execution despite a temporary slowdown in project conversion during Q1FY27.</li><li>Management highlighted that a significant portion of export orders were secured towards the end of the quarter, which should translate into stronger revenue recognition from Q2FY27 onwards. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Record Order Book Strengthens Revenue Visibility: Elecon's record consolidated order book of Rs 1,518 Cr (+37% YoY) and robust order inflow of Rs 755 Cr (+23% YoY) provide strong revenue visibility over the long term.The healthy order backlog across both the Gear and Material Handling Equipment (MHE) segments is expected to support sustained execution despite a temporary slowdown in project conversion during Q1FY27.Management highlighted that a significant portion of export orders were secured towards the end of the quarter, which should translate into stronger revenue recognition from Q2FY27 onwards. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Elecon Engineering Company Ltd - Robust Order Book Offers High Visibility for Long-Term Growth

<ul><li>Elecon Engineering completed its 66th year and celebrated 75 years of engineering legacy with a year that tested execution discipline but reaffirmed the fundamental strength of its business.</li><li>It has established itself as a globally relevant industrial solutions company, transitioning from a homegrown enterprise to Asia's leading industrial gear manufacturer.</li><li>Operating across 95+ countries with a presence in 35+ core industries, Elecon’s FY26 performance demonstrates robust structural strength and resilience against global macroeconomic complexities.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Elecon Engineering completed its 66th year and celebrated 75 years of engineering legacy with a year that tested execution discipline but reaffirmed the fundamental strength of its business.It has established itself as a globally relevant industrial solutions company, transitioning from a homegrown enterprise to Asia's leading industrial gear manufacturer.Operating across 95+ countries with a presence in 35+ core industries, Elecon’s FY26 performance demonstrates robust structural strength and resilience against global macroeconomic complexities.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Elecon Engineering Company Ltd - Resilience Amid Challenges, Growth Visibility Strengthens

<ul><li>Elecon Engineering Company Ltd. (Elecon), established in 1951, is a leading Indian manufacturer of industrial gear systems and material handling equipment.</li><li>As Asia’s largest gear manufacturer, it caters to critical sectors, including Power, Steel, Cement, and Mining.</li><li>The company has built a strong global presence through subsidiaries in Europe and the U.S., strengthened further by the Benzlers–Radicon acquisition.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Elecon Engineering Company Ltd. (Elecon), established in 1951, is a leading Indian manufacturer of industrial gear systems and material handling equipment.As Asia’s largest gear manufacturer, it caters to critical sectors, including Power, Steel, Cement, and Mining.The company has built a strong global presence through subsidiaries in Europe and the U.S., strengthened further by the Benzlers–Radicon acquisition.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PICK OF THE WEEK - Elecon Engineering Company Ltd: 30th May, 2026

<ul><li>Short-Term Issues Impacting Revenue Recognition: Despite a robust order book, the company reported revenues of Rs 522 Cr during the quarter, reflecting a modest YoY growth of 4%.</li><li>The subdued performance was largely attributable to order delays and execution deferrals arising from customer-driven factors.</li><li>Flattish revenue growth, higher employee costs, and an unfavourable product mix also weighed on margins during the quarter. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Short-Term Issues Impacting Revenue Recognition: Despite a robust order book, the company reported revenues of Rs 522 Cr during the quarter, reflecting a modest YoY growth of 4%.The subdued performance was largely attributable to order delays and execution deferrals arising from customer-driven factors.Flattish revenue growth, higher employee costs, and an unfavourable product mix also weighed on margins during the quarter. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Elecon Engineering Company Ltd - Growth Visible Beyond Short-Term Hiccups; Maintain BUY

India

Elecon Engineering Co. Ltd. is an Indian multinational company specializing in the manufacturing of industrial gear and material handling equipment, offering end-to-end solutions including design, manufacturing, supply, erection, and commissioning. The company produces industrial gears like helical, worm, and planetary gearboxes, as well as material handling equipment such as stacker reclaimers, wagon tipplers, and conveyors. Headquartered in Vallabh Vidyanagar, Gujarat, India, the company was established in 1951.

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Elecon Engineering (ELCN IN)

Pick of the Week: Elecon Engineering Company Ltd - 26th September, 2026

Elecon Engineering Company Ltd. (Elecon), established in 1951, is a leading Indian manufacturer of industrial gear systems and material handling...

Axis Direct

Elecon Engineering Company Ltd - Robust Order Book Offers High Visibility for Long-Term Growth

Elecon's record consolidated order book of Rs 1,518 Cr (+37% YoY) and robust order inflow of Rs 755 Cr (+23% YoY) provide strong revenue visibility...

Axis Direct

Elecon Engineering Company Ltd - Resilience Amid Challenges, Growth Visibility Strengthens

Elecon Engineering completed its 66th year and celebrated 75 years of engineering legacy with a year that tested execution discipline but...

Axis Direct

PICK OF THE WEEK - Elecon Engineering Company Ltd: 30th May, 2026

Elecon Engineering Company Ltd. (Elecon), established in 1951, is a leading Indian manufacturer of industrial gear systems and material handling...

Axis Direct

Elecon Engineering Company Ltd - Growth Visible Beyond Short-Term Hiccups; Maintain BUY

Short-Term Issues Impacting Revenue Recognition: Despite a robust order book, the company reported revenues of Rs 522 Cr during the quarter,...

Axis Direct

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