Elecon Engineering Co (NSE:ELECON) Asset Turnover: 0.23 (As of Mar. 2026)


NSE:ELECON Elecon Engineering Co Ltd NSE:ELECON
95 GF Score
Price ₹522.20
GF Value ₹644.83
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Elecon Engineering Co Asset Turnover?

Elecon Engineering Co NSE:ELECON -1.63% 95 Asset Turnover is 0.23 as of Mar. 2026. 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.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Elecon Engineering Co's Revenue for the three months ended in Mar. 2026 was ₹7,456 Mil. Elecon Engineering Co's Total Assets for the quarter that ended in Mar. 2026 was ₹32,337 Mil. Therefore, Elecon Engineering Co's Asset Turnover for the quarter that ended in Mar. 2026 was 0.23.

Asset Turnover is linked to ROE % through Du Pont Formula. Elecon Engineering Co's annualized ROE % for the quarter that ended in Mar. 2026 was 1.04%. It is also linked to ROA % through Du Pont Formula. Elecon Engineering Co's annualized ROA % for the quarter that ended in Mar. 2026 was 0.74%.

Elecon Engineering Co  (NSE:ELECON) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Elecon Engineering Co's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=240/23058.3
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(240 / 29824.4)*(29824.4 / 32336.8)*(32336.8/ 23058.3)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.8 %*0.9223*1.4024
=ROA %*Equity Multiplier
=0.74 %*1.4024
=1.04 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Elecon Engineering Co's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=240/32336.8
=(Net Income / Revenue)*(Revenue / Total Assets)
=(240 / 29824.4)*(29824.4 / 32336.8)
=Net Margin %*Asset Turnover
=0.8 %*0.9223
=0.74 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* 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.

Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

Elecon Engineering Co Asset Turnover Related Terms

Elecon Engineering Co Asset Turnover Historical Data

* Premium members only.

The historical data trend for Elecon Engineering Co's Asset Turnover 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 Asset Turnover Chart

Elecon Engineering Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.87 0.99 0.91 0.78

Elecon Engineering Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Asset Turnover 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 0.29 0.18 0.19 0.18 0.23

NSE:ELECON vs GEV, ETN, PH: Asset Turnover Comparison

For the Specialty Industrial Machinery subindustry, Elecon Engineering Co's Asset Turnover, along with its competitors' market caps and Asset Turnover 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 Asset Turnover vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Elecon Engineering Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Elecon Engineering Co's Asset Turnover falls into.


NSE:ELECON
95GF Score
Elecon Engineering Co Ltd NSE:ELECON
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Elecon Engineering Co Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Elecon Engineering Co's Asset Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=23370.9/( (27294.7+32336.8)/ 2 )
=23370.9/29815.75
=0.78

Elecon Engineering Co's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=7456.1/( (0+32336.8)/ 1 )
=7456.1/32336.8
=0.23

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.23 mean?
Elecon Engineering Co (NSE:ELECON) has a Asset Turnover of 0.23 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Elecon Engineering Co and its competitors.
Is Elecon Engineering Co's Asset Turnover too high?
Elecon Engineering Co's current Asset Turnover is 0.23. 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 Asset Turnover compare to GEV and ETN?
Elecon Engineering Co's Asset Turnover of 0.23 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 Asset Turnover for an Industrial Products company?
A good Asset Turnover depends on the Industrial Products industry context. However, Asset Turnover 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 Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Elecon Engineering Co and its competitors. Elecon Engineering Co's current Asset Turnover is 0.23. 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 Asset Turnover is 0.23. 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 Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Elecon Engineering Co (NSE:ELECON), the current Asset Turnover is 0.23 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:

  • Asset Turnover: 0.23
  • GF Value™: ₹644.83 vs. price of ₹522.20 (19% below fair value)
  • GF Score™: 95/100 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.
95GF Score

Get the complete analysis for NSE:ELECON

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

₹522.20
Price
₹644.83
GF Value