Elecon Engineering Co (NSE:ELECON) Operating Income: ₹3,925 Mil (TTM As of Jun. 2026)

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NSE:ELECON Elecon Engineering Co Ltd NSE:ELECON
96 GF Score
Price ₹478.00
GF Value ₹646.68
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Elecon Engineering Co Operating Income?

Elecon Engineering Co NSE:ELECON -1.76% 96 Operating Income is ₹3,925 Mil as of Jun. 2026. GuruFocus rates NSE:ELECON with a GF Score™ of 96/100 and a GF Value™ of ₹646.68 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Elecon Engineering Co's Operating Income for the three months ended in Jun. 2026 was ₹794 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹3,925 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Elecon Engineering Co's Operating Income for the three months ended in Jun. 2026 was ₹794 Mil. Elecon Engineering Co's Revenue for the three months ended in Jun. 2026 was ₹5,206 Mil. Therefore, Elecon Engineering Co's Operating Margin % for the quarter that ended in Jun. 2026 was 15.25%.

Warning Sign:

Elecon Engineering Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -1.5%.

Elecon Engineering Co's 5-Year average Growth Rate for Operating Margin % was -1.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Elecon Engineering Co's annualized ROC % for the quarter that ended in Jun. 2026 was 11.66%. Elecon Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 29.83%.


Elecon Engineering Co  (NSE:ELECON) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Elecon Engineering Co's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=3174.4 * ( 1 - 24.48% )/( (20565.2 + 0)/ 1 )
=2397.30688/20565.2
=11.66 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Elecon Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4050.8/( ( (9006.8 + max(4572.7, 0)) + (0 + max(0, 0)) )/ 1 )
=4050.8/( ( 13579.5 + 0 )/ 1 )
=4050.8/13579.5
=29.83 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7205.1 + 3011.5 + 444.3) - (3371.2 + 0 + 2717)
=4572.7

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Elecon Engineering Co's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=793.6/5205.6
=15.25 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Elecon Engineering Co Operating Income Related Terms


Elecon Engineering Co Operating Income Historical Data

* Premium members only.

The historical data trend for Elecon Engineering Co's Operating Income 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.

Elecon Engineering Co Operating Income Chart

Elecon Engineering Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,044.98 3,075.00 4,324.70 4,859.40 4,291.70

Elecon Engineering Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,057.60 1,003.60 819.40 1,308.40 793.60
NSE:ELECON
96GF Score
Elecon Engineering Co Ltd NSE:ELECON
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Elecon Engineering Co Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹3,925 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹3,925 Mil mean?
Elecon Engineering Co (NSE:ELECON) has a Operating Income of ₹3,925 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Elecon Engineering Co and its competitors.
Is Elecon Engineering Co's Operating Income too high?
Elecon Engineering Co's current Operating Income is ₹3,925 Mil. Overall, Elecon Engineering Co has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elecon Engineering Co's Operating Income compare to GEV and ETN?
Elecon Engineering Co's Operating Income of ₹3,925 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Industrial Products company?
A good Operating Income depends on the Industrial Products industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Elecon Engineering Co and its competitors. Elecon Engineering Co's current Operating Income is ₹3,925 Mil. 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 ₹646.68, compared to a current price of ₹478.00 — trading 26.1% below its estimated fair value. The current Operating Income is ₹3,925 Mil. Elecon Engineering Co's overall GF Score™ is 96/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Elecon Engineering Co (NSE:ELECON), the current Operating Income is ₹3,925 Mil as of Jun. 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 ₹478.00 is trading 26.1% below its estimated GF Value™ of ₹646.68. GuruFocus considers Elecon Engineering Co to be Modestly Undervalued.

Key valuation signals for NSE:ELECON:

  • Operating Income: ₹3,925 Mil
  • GF Value™: ₹646.68 vs. price of ₹478.00 (26.1% below fair value)
  • GF Score™: 96/100 with 5 warning signs

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 Business Description

Other Exchanges 505700:India
Address Anand-Sojitra Road, Vallabh Vidyanagar, GJ, IND, 388120
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.
96GF Score

Get the complete analysis for NSE:ELECON

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹478.00
Price
₹646.68
GF Value