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Live Chart Being Loaded With Signals

Commentary (14 May 2024 @ 05:59):

Stats
Today's Volume	610 264
Average Volume	328 571
Market Cap	122.84B
EPS	INR0 ( 2024-04-23 )
Next earnings date	( INR0 ) 2024-07-08
Last Dividend	INR2.00 ( 2023-06-09 )
Next Dividend	INR0 ( N/A )
P/E	34.55
ATR14	INR1.885 (0.17%)

Volume Correlation

Long: 0.49 (neutral)

Short: 0.94 (very strong)

Signal:(51.165) Expect same movement, but be aware

Elecon Engineering Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Elecon Engineering Correlation - Currency/Commodity

-0.48
( neutral )

0.14
( neutral )

-0.55
( weak negative )

0.14
( neutral )

-0.34
( neutral )

-0.08
( neutral )

Elecon Engineering Financials

Annual	2023
Revenue:	INR19.37B
Gross Profit:	INR6.80B (35.09 %)
EPS:	INR31.69

FY	2023
Revenue:	INR19.37B
Gross Profit:	INR6.80B (35.09 %)
EPS:	INR31.69

FY	2022
Revenue:	INR15.30B
Gross Profit:	INR6.94B (45.37 %)
EPS:	INR21.17

FY	2022
Revenue:	INR11.93B
Gross Profit:	INR5.40B (45.27 %)
EPS:	INR12.52

Financial Reports:

No articles found.

Elecon Engineering Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR2.00 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Elecon Engineering Dividend Information - Dividend Junior

Dividend Sustainability Score: 10.00 - good (100.00%) | Divividend Growth Potential Score: 2.96 - Decrease likely (40.76%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR0.500	2007-07-13
Last Dividend	INR2.00	2023-06-09
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	16	--
Total Paid Out	INR16.50	--
Avg. Dividend % Per Year	0.31%	--
Score	2.99	--
Div. Sustainability Score	10.00
Div.Growth Potential Score	2.96
Div. Directional Score	7.36	--

Next Divdend (Est)
(2025-04-21)

INR2.35 Estimate 3.08 %

Dividend Stability

0.25 Very Poor

Dividend Score

2.99

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR0.200	0.26%
2019	INR0.200	0.29%
2020	INR0	0.00%
2021	INR0.400	0.95%
2022	INR0.400	0.21%
2023	INR2.00	0.53%
2024	INR0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
TRU.NS	Dividend Junior	2023-09-18	Annually	3	0.01%
PITTIENG.NS	Dividend Junior	2023-08-11	Annually	18	0.51%
JINDRILL.NS	Dividend Junior	2023-08-14	Annually	18	0.23%
DEEPINDS.NS	Dividend Junior	2023-09-18	Annually	4	1.00%
SOBHA.NS	Dividend Junior	2023-07-28	Annually	18	0.43%
MINDTECK.NS	Dividend Junior	2023-08-04	Sporadic	8	0.28%
HATSUN.NS	Dividend Junior	2023-07-27	Annually	10	0.45%
BEARDSELL.NS	Dividend Junior	2023-09-18	Annually	13	0.46%
RAILTEL.NS	Dividend Knight	2023-08-24	Semi-Annually	4	1.19%
KENNAMET.NS	Dividend Knight	2023-05-25	Annually	4	0.76%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.184	1.500	6.33	9.49	[0 - 0.5]
returnOnAssetsTTM	0.167	1.200	4.42	5.30	[0 - 0.3]
returnOnEquityTTM	0.249	1.500	8.34	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	3.05	0.800	10.00	8.00	[1 - 3]
quickRatioTTM	2.28	0.800	1.276	1.020	[0.8 - 2.5]
cashRatioTTM	0.659	1.500	7.45	10.00	[0.2 - 2]
debtRatioTTM	0.0332	-1.500	9.45	-10.00	[0 - 0.6]
interestCoverageTTM	51.98	1.000	10.00	10.00	[3 - 30]
operatingCashFlowPerShareTTM	6.84	2.00	7.72	10.00	[0 - 30]
freeCashFlowPerShareTTM	6.84	2.00	6.58	10.00	[0 - 20]
debtEquityRatioTTM	0.0439	-1.500	9.82	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.409	1.000	6.51	6.51	[0.2 - 0.8]
operatingProfitMarginTTM	0.232	1.000	7.36	7.36	[0.1 - 0.6]
cashFlowToDebtRatioTTM	1.088	1.000	5.07	5.07	[0.2 - 2]
assetTurnoverTTM	0.912	0.800	7.25	5.80	[0.5 - 2]
Total Score				11.76

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	33.53	1.000	6.71	0	[1 - 100]
returnOnEquityTTM	0.249	2.50	8.94	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	6.84	2.00	7.72	10.00	[0 - 30]
dividendYielPercentageTTM	0.282	1.500	2.94	0	[0 - 0.4]
operatingCashFlowPerShareTTM	6.84	2.00	7.72	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	-1.110	1.500	-10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0396	1.000	-1.511	0	[0.1 - 0.5]
Total Score				2.96

Elecon Engineering

Elecon Engineering Company Limited manufactures and sells power transmission and material handling equipment in India and internationally. The company operates in two segments, Material Handling Equipment and Transmission Equipment. It provides helical and bevel helical, planetary, worm, high speed, wind turbine, marine, and custom built gear boxes; customized gear boxes; loose gears; vertical roller mill drives; elign geared, elflex flexible, fluid, scoop controlled variable speed controlled fluid, and torsion shaft couplings; and elevator traction machines. The company also provides material handling equipment, such as raw material handling systems, stackers, scrapers/reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers and associated equipment, feeders, idlers and pulleys, magnates/weighers/detectors, port equipment, and cable reeling drums; and alternate energy products. In addition, it engages in the ferrous and non-ferrous foundry business. Further, the company offers gearbox repair and refurbish services; and material handling equipment support services. Elecon Engineering Company Limited serves cement, sugar, defense, steel, mining, power, plastic, material handling, chemical, palm oil, crane, paper, rubber, marine, and fertilizer industries, as well as windmills and ports. The company was founded in 1951 and is based in Vallabh Vidyanagar, India.