Is Elecon Engineering Company the Best Stock in Its Sector? A Look at the Numbers

Elecon Engineering Company CMP Rs 459 (25 Sep 2026). Market cap Rs 10,309 Cr. ROE 14.79%. P/E 43.67x versus Industry P/E 47.70x.

Updated: 25 Sept 2026 • 9:04 am

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Is Elecon Engineering Company the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

Elecon Engineering Company is one of the names investors compare when screening the Capital Goods sector, built on a 14.79% return on equity and a P/E of 43.67x against an Industry P/E of 47.70x. Whether Elecon Engineering Company is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Capital Goods sector peers, so you can judge that for yourself.

Is Elecon Engineering Company the best stock in its sector? The stock trades on the NSE at Rs 459 as of 25 September 2026, within its 52-week range of Rs 352.00 to Rs 626.00. Elecon Engineering Company Ltd manufactures industrial gears and material handling equipment.

Elecon Engineering Company sits in the Capital Goods sector, and its 14.79% ROE and 43.67x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

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Table of Contents

About Elecon Engineering Company

Elecon Engineering Company Ltd manufactures industrial gears and material handling equipment. It manufactures industrial gears and material handling equipment, one of India's larger listed gear manufacturers. At a market capitalisation of Rs 10,309 Cr, it is tracked as part of the Capital Goods sector on Univest.

Is Elecon Engineering Company the Best Stock in Its Sector?

Elecon Engineering Company makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 14.79% ROE with a 43.67x P/E against the sector's 47.70x Industry P/E. Elecon Engineering Company trades close to its 47.70x Industry P/E, with a 14.79% ROE ahead of Eimco Elecon India's in this comparison, reflecting its scale in industrial gear manufacturing.

Metric	Elecon Engineering Company
CMP (NSE)	Rs 459.10
52-Week High / Low	Rs 626.00 / Rs 352.00
Market Cap	Rs 10,309 Cr
P/E (TTM) vs Industry P/E	43.67x vs 47.70x
P/B	4.47
ROE	14.79%
EPS (TTM)	Rs 10.52
Dividend Yield	0.44%
Debt to Equity	0.12

Compare Elecon Engineering Company Against Other Capital Goods Sector Stocks

How Elecon Engineering Company Compares Against Its Capital Goods Sector Peers

The table below sets Elecon Engineering Company against 2 other Capital Goods sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Elecon Engineering Company	10,309	43.67	14.79%	0.12
Eimco Elecon India	1,330	33.59	8.28%	0.01
Diffusion Engineers	1,645	29.99	12.42%	0.07
Peer average (2 companies)	-	31.79	10.35%	0.04

Against this peer set, Elecon Engineering Company's 14.79% ROE is above the 10.35% peer average, and its P/E of 43.67x runs above the peer average of 31.79x. Elecon Engineering Company trades close to its 47.70x Industry P/E, with a 14.79% ROE ahead of Eimco Elecon India's in this comparison, reflecting its scale in industrial gear manufacturing.

What Makes Elecon Engineering Company Worth Watching in Capital Goods

Close to Industry P/E: A 43.67x P/E versus a 47.70x Industry P/E shows the stock trading close to Capital Goods sector norms.
Solid ROE: A 14.79% ROE is a healthy figure for an industrial gears and material handling equipment manufacturer.
Scale in gear manufacturing: Being one of India's larger listed gear manufacturers gives Elecon Engineering Company scale and established customer relationships across industrial sectors.

Elecon Engineering Company Valuation: Is It Justified?

Elecon Engineering Company trades close to its 47.70x Industry P/E, with a 14.79% ROE ahead of Eimco Elecon India's in this comparison, reflecting its scale in industrial gear manufacturing. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Dhanuka Agritech the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Elecon Engineering Company and other Capital Goods sector stocks.

How to Track Elecon Engineering Company Before You Invest

Before deciding whether Elecon Engineering Company deserves its label as the best stock in its sector for your own portfolio, compare it directly against Capital Goods sector peers using the steps below.

Open the Univest Screener and search for Elecon Engineering Company to view live price, valuation ratios, and peer comparisons within the Capital Goods sector.
Compare its P/E, P/B, and ROE against other Capital Goods sector stocks before deciding if the current valuation fits your strategy.
Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Elecon Engineering Company earns a place in the best stock in its sector conversation on the strength of a 14.79% ROE and a P/E of 43.67x against a 47.70x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Is Elecon Engineering Company the best stock in its sector?

Ans. Elecon Engineering Company has a 14.79% ROE and trades at 43.67x P/E against a 47.70x Industry P/E, and compares above the peer average ROE of 10.35% in this article's named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Elecon Engineering Company?

Ans. Elecon Engineering Company was trading at Rs 459.10 on the NSE as of 25 September 2026, within its 52-week range of Rs 352.00 to Rs 626.00.

What sector does Elecon Engineering Company belong to?

Ans. Elecon Engineering Company is classified under the Capital Goods sector on Univest.

How does Elecon Engineering Company compare to its sector peers on P/E?

Ans. Elecon Engineering Company's P/E of 43.67x is above the 31.79x average of the 2 named peers compared in this article.

What is Elecon Engineering Company's return on equity?

Ans. Elecon Engineering Company reported a return on equity of 14.79%, which is above the 10.35% average of its named peers in this comparison.

Should I invest in Elecon Engineering Company based on its sector position?

Ans. Elecon Engineering Company's sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.