Eimco Elecon reports ₹231 crore revenue, declares ₹4 dividend
Eimco Elecon (India) Limited reported revenue of ₹231 crore and a PAT of ₹39 crore for FY26, with an EBITDA margin of 18.3%. The Board recommended a final dividend of ₹4 per share. The 52nd AGM approved the financial statements and re-appointed Mr. Prashant Amin as Director.
*this image is generated using AI for illustrative purposes only.
Eimco Elecon (India) Limited reported revenue from operations of ₹231 Crore for the financial year ended March 31, 2026, supported by a robust net cash position. The company achieved an EBITDA of ₹42 Crore with an 18.3% margin, while Profit After Tax (PAT) stood at ₹39 Crore with a 16.8% margin. The Board has recommended a Final Dividend of ₹4 per equity share of face value ₹10 for the financial year. The company also unveiled a new corporate logo and launched the Continuous Miner 3500 to expand its underground mining portfolio.
The 52nd Annual General Meeting was held on June 25, 2026, via video conferencing. The meeting commenced at 10:30 a.m. and concluded at 11:45 a.m. Shareholders approved the adoption of the audited financial statements and the declaration of the dividend. The proceedings were conducted in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
Key Resolutions Passed
The following table summarizes the resolutions passed during the 52nd AGM:
| Sr. No. | Particulars | Type of Resolution |
|---|---|---|
| ORDINARY BUSINESS | ||
| 1 | Consideration and Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2026 and Reports of the Board of Directors and Auditors thereon | Ordinary |
| 2 | Declaration of dividend on equity shares for the financial year ended March 31, 2026 | Ordinary |
| 3 | Re-appointment of Mr. Prashant Amin (DIN: 01056652) who retires by rotation, as a Director | Ordinary |
| SPECIAL BUSINESS | ||
| 4 | Ratification of remuneration payable to Cost Auditor of the Company for financial year ending March 31, 2027 | Ordinary |
Strategic Developments and Performance
During the year, the company launched the Continuous Miner 3500, a higher-powered machine for medium-to-thick coal seams, extending its portfolio beyond the existing Continuous Miner 3000. Additionally, Eimco Elecon entered the battery-operated equipment market with a fully Indigenous Passenger Car and Multi-Utility Vehicle. The company marked World Environment Day with a tree plantation drive and powered a substantial portion of its operations through renewable energy.
Meeting Proceedings and Attendance
The meeting was chaired by Mr. Pradip Patel, who provided an overview of the operations and financial performance during FY26. Key attendees included Mr. Kamlesh Shah and Mr. Prayasvin Patel, Executive Directors; Mr. Venkatraman Srinivasan, Chairman of the Audit Committee; and Mr. Vishal Begwani, Chief Financial Officer. The Statutory Auditors, M/s. K C Mehta & Co LLP, and the Secretarial Auditors, M/s. J. J. Gandhi, were present. Remote e-voting facilities were provided through MUFG Intime India Private Limited from June 22, 2026, to June 24, 2026.
Historical Stock Returns for Eimco Elecon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.70% | +6.23% | +7.68% | +14.20% | -28.03% | +362.03% |
What is the expected revenue contribution from the Continuous Miner 3500 and the new battery-operated vehicle line in FY27?
How does the company plan to utilize its robust net cash position to fund future R&D or potential acquisitions?
What are the specific market targets for the new battery-operated equipment segment given the industry's shift toward green mining?
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