Elecon Engineering CoNSE:ELECON -1.63%95 Current Ratio is 2.94 as of Mar. 2026, which is 96% above its 10-year median of 1.50. GuruFocus rates NSE:ELECON with a GF Score™ of 95/100 and a GF Value™ of ₹644.83 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 3,074 Industrial Products companies, Elecon Engineering Co ranks better than 73.13% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Elecon Engineering Co's current ratio for the quarter that ended in Mar. 2026 was 2.94.
Elecon Engineering Co has a current ratio of 2.94. It generally indicates good short-term financial strength.
The historical rank and industry rank for Elecon Engineering Co's Current Ratio or its related term are showing as below:
NSE:ELECON'
s Current Ratio Range Over the Past 10 Years
Min: 1 Med: 1.5 Max: 3.16
Current: 2.94
During the past 13 years, Elecon Engineering Co's highest Current Ratio was 3.16. The lowest was 1.00. And the median was 1.50.
NSE:ELECON's Current Ratio is ranked better than 73.13% of 3074
companies
in the Industrial Products industry
Industry Median: 1.965
vs NSE:ELECON: 2.94
Elecon Engineering Co (NSE:ELECON) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Elecon Engineering Co Current Ratio Related Terms
Elecon Engineering Co Current Ratio Historical Data
* Premium members only.
The historical data trend for Elecon Engineering Co's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ELECON vs GEV, ETN, PH: Current Ratio Comparison
For the Specialty Industrial Machinery subindustry, Elecon Engineering Co's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Elecon Engineering Co Current Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elecon Engineering Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Elecon Engineering Co's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Elecon Engineering Co (NSE:ELECON) has a Current Ratio of 2.94 as of Mar. 2026. This is 96% above median its historical median of 1.50. Over the past decade, Elecon Engineering Co's Current Ratio has ranged from 1.00 to 3.16. According to the industry distribution chart, Elecon Engineering Co ranks #826 out of 3074 companies in the Industrial Products industry, placing it in the top 26.9%.
Is Elecon Engineering Co's Current Ratio too high?
Elecon Engineering Co's current Current Ratio of 2.94 is 96% above median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 3.16. The Industrial Products industry median Current Ratio is 1.97. Elecon Engineering Co's value of 2.94 is 49.6% above this industry median. Based on the distribution chart, Elecon Engineering Co ranks #826 out of 3074 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Elecon Engineering Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elecon Engineering Co's Current Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Elecon Engineering Co ranks #826 out of 3074 companies for Current Ratio. This puts Elecon Engineering Co in the upper half of its industry. The industry median Current Ratio is 1.97. Elecon Engineering Co's value of 2.94 is 49.6% above this benchmark. Historically, Elecon Engineering Co's own Current Ratio has ranged from 1.00 to 3.16 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 1.97, Elecon Engineering Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Industrial Products company?
The median Current Ratio among Industrial Products companies is 1.97, based on 3,074 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elecon Engineering Co's current Current Ratio of 2.94 is 49.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median Current Ratio is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elecon Engineering Co's current Current Ratio is 2.94, which is 96% above median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elecon Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Elecon Engineering Co (NSE:ELECON) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹644.83, compared to a current price of ₹522.20 — trading 19% below its estimated fair value. The current Current Ratio is 2.94, which is 96% above median its 10-year median of 1.50 and 49.6% above the Industrial Products industry median of 1.97. Elecon Engineering Co's overall GF Score™ is 95/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Elecon Engineering Co (NSE:ELECON), the current Current Ratio is 2.94 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Elecon Engineering Co (NSE:ELECON) Overvalued in 2026?
Based on GuruFocus' analysis, Elecon Engineering Co stock appears to be undervalued.
The current stock price of ₹522.20 is trading 19% below its estimated GF Value™ of ₹644.83.
GuruFocus considers Elecon Engineering Co to be Modestly Undervalued.
Key valuation signals for NSE:ELECON:
Current Ratio: 2.94 (96% above median its 10-year median of 1.50)
GF Value™: ₹644.83 vs. price of ₹522.20 (19% below fair value)
Industry Position: 49.6% above the Industrial Products median (#826 of 3074)
No single metric tells the full story. See the NSE:ELECON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elecon Engineering Co Ltd is an India-based company engaged in the manufacturing of material handling equipment and industrial gears. It operates through two segments, namely, the Material Handling Equipment segment, which engages in the manufacturing of raw material handling systems, stackers, reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers, feeders, and port equipment; and Transmission Equipment segment, which manufactures material transmission equipment like gearboxes, couplings, and elevator traction machines. It generates maximum revenue from transmission equipment sales. The group has a business presence in India and Outside India.
95GF Score
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