What we do Eimco Elecon manufactures and markets advanced mining and construction equipment, specializing in underground and opencast mining machinery in India with export presence. |
Founded in 1,974 |
Market share Market leader in India's underground mining equipment with a strong foothold in construction equipment segment. |
Problem solved Provides mechanized mining solutions to improve productivity, safety, and efficiency in underground and opencast mines. |
Top clients or who we serve Serves mining and construction industries, catering to government mines, private companies, and infrastructure projects. Mainly B2B. |
Key management Dr. Sonal V. Ambani (PhD Business Management), Prayasvin B. Patel (Executive Director, MBA USA), Kamlesh Shah (Executive Director, CA). |
Our journey and innovations Pioneered India’s first side dump loaders and rocker shovel loaders; introduced Make in India piling rigs with US collaboration; continuous innovation in mining machinery. |
Where we operate India-wide operations with manufacturing in Gujarat and sales/service network across major mining regions; products used in India and abroad. |
Top products or what we offer Load Haul Dumpers, Side Dump Loaders, Coal Haulers, Piling Rigs, Continuous Miner Packages, Roof Bolters, Construction Equipment. |
Top brands 611 SDL - #1 in category underground loaders; Piling Rig (Make in India) with advanced US tech; Feeder Breaker - latest product launch. |
Raw materials needed Steel, hydraulics components, heavy machinery parts, electronic controls. |
Raw materials supplier Local and international suppliers with focus on quality and timely delivery. |
Recurring vs cyclical contribution Revenue is cyclical, driven by mining industry cycles and infrastructure development demands. |
Our industry position Leader in underground mining equipment in India, holding substantial market share with expanding construction segment. |
Financial highlights FY25 Revenue ₹246.47 Cr (+8.3%), PAT ₹48.91 Cr (+21%), strong EBITDA growth 22.8% margin, consistent profitability and dividend. |
Geographical revenue split Primarily domestic revenue with selective exports; strong presence across Indian mining states. |
Order book As of June 2025, order book stands at approximately ₹125 Cr driving near-term revenue visibility. |
Whats driving growth Mining mechanization demand, infrastructure growth, Make in India initiatives, product innovation, strategic collaborations. |
Our future plans Expand construction equipment portfolio, enhance R&D for mining tech, grow renewable energy usage in operations. |
Our green promise Utilizes wind power (~0.6 MW), rainwater harvesting, LED lighting, STP for sewage reuse ensuring an eco-friendly manufacturing campus. |
Our people and values Diverse leadership, strong safety culture, employee training, women empowerment, zero-tolerance harassment policy. |
Key challenges ahead Commodity price volatility, regulatory changes, global supply chain disruptions, competition from multinationals. |
Interesting facts First in India to introduce mechanized SDLs and LHDs; making advanced piling rigs under national Make in India program. |
Risks and strategy Mitigates cyclical sector risks via diversification; strong controls; continuous R&D; broad geographic reach; sustainable practices. |
