Eimco Elecon India Ltd vs Welcast Steels Ltd Stock Comparison

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Last Updated on: May 04, 2026

Key Highlights

The Latest Trading Price of Eimco Elecon (India) Ltd is ₹ 1583 as of 04 May 10:58 . The P/E Ratio of Eimco Elecon (India) Ltd changed from 17.1 on March 2021 to 22.8 on March 2024 . This represents a CAGR of 7.46% over 4 yearsThe P/E Ratio of Welcast Steels Ltd changed from 0 on March 2021 to 0 on March 2024 . This represents a CAGR of 0.0% over 4 years The Market Cap of Eimco Elecon (India) Ltd changed from ₹ 193.5 crore on March 2021 to ₹ 878.25 crore on March 2024 . This represents a CAGR of 45.96% over 4 yearsThe Market Cap of Welcast Steels Ltd changed from ₹ 0 crore on March 2021 to ₹ 0 crore on March 2024 . This represents a CAGR of 0.0% over 4 years The revenue of Eimco Elecon (India) Ltd for the Mar '26 is ₹ 65.57 crore as compare to the Dec '25 revenue of ₹ 69.01 crore. This represent the decline of -4.98% The revenue of Welcast Steels Ltd for the Mar '26 is ₹ 0 crore as compare to the Dec '25 revenue of ₹ 3.01 crore. This represent the decline of -100% The ebitda of Eimco Elecon (India) Ltd for the Mar '26 is ₹ 11.63 crore as compare to the Dec '25 ebitda of ₹ 18.46 crore. This represent the decline of -37% The ebitda of Welcast Steels Ltd for the Mar '26 is ₹ 0 crore as compare to the Dec '25 ebitda of ₹ -2.96 crore. This represent the decline of -100% The net profit of Eimco Elecon (India) Ltd changed from ₹ 14.78 crore to ₹ 6.36 crore over 8 quarters. This represents a CAGR of -34.40% The net profit of Welcast Steels Ltd changed from ₹ -0.58 crore to ₹ 0 crore over 8 quarters. This represents a CAGR of -100.00% The Dividend Payout of Eimco Elecon (India) Ltd changed from 25.62 % on March 2021 to 5.9 % on March 2025 . This represents a CAGR of -25.45% over 5 yearsThe Dividend Payout of Welcast Steels Ltd changed from 6.06 % on March 2023 to 0 % on March 2025 . This represents a CAGR of -100.00% over 3 years .

About Eimco Elecon (India) Ltd

Eimco Elecon (India) Limited., established in 1974 was promoted as a Joint Venture between Elecon Engineering Co. and Envirotech Corporation, US, a subsidiary of Baker Hughes, to manufacture hi-tech drills and loaders used in underground mining.
The Company is in business of Manufacturing and Marketing Equipment for Underground and Opencast Mines. The Company was first to introduce the intermediate technology of Side Dump Loaders (SDLs), Load Haul Dumpers (LHDs) and Rocker Shovel Loaders in India to partially mechanize the underground Coal and metalliferrous mines and continue to be market leader since then.
Envirotech was active in the mining business through its division, Eimco Mining Equipment Group, till 1989, then from Baker Huges, the Eimco Division was taken over by the Finnish Industrial Organisation OY Tampella, whose Mining Equipment Division, Tamrock is the market leader with over 40% share internationally, OY Tampella through its subsidiary, Tamrock Great Britain Holdings, held around 39% of Eimco Elecon's Rs 2.

About Welcast Steels Ltd

Incorporated in February, 1972, Welcast Steels Ltd (WSL) manufactures and markets a wide range of High Chrome Grinding Media Balls which are used in the process of Crushing/Grinding in the Cement, Mining and Thermal Power Plants.
At present, the Company's manufacturing capacity is 42,000 p.a. of High Chrome Grinding Media Balls. The Company employs alloy-casting process for manufacture of the products, which require designing of alloys in relation to end application.
The casting process is followed by precision heat treatment to develop required end properties.
Therefore, Company can generally be classified as a foundry.
Since the Company's products are used in the cement, mining and thermal power plants, the market prospects are linked with the requirement of these industries. The Indian Cement Industry has been facing excess capacity in the recent past due to sluggish demand.

FAQs for the comparison of Eimco Elecon (India) Ltd and Welcast Steels Ltd

Which company has a larger market capitalization, Eimco Elecon (India) Ltd or Welcast Steels Ltd?

Market cap of Eimco Elecon (India) Ltd is 946 Cr while Market cap of Welcast Steels Ltd is 44 Cr

What are the key factors driving the stock performance of Eimco Elecon (India) Ltd and Welcast Steels Ltd?

The stock performance of Eimco Elecon (India) Ltd and Welcast Steels Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Eimco Elecon (India) Ltd and Welcast Steels Ltd?

As of May 4, 2026, the Eimco Elecon (India) Ltd stock price is INR ₹1640.3. On the other hand, Welcast Steels Ltd stock price is INR ₹695.05.

How do dividend payouts of Eimco Elecon (India) Ltd and Welcast Steels Ltd compare?

To compare the dividend payouts of Eimco Elecon (India) Ltd and Welcast Steels Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.