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Blockbuster Result of the day⚡️
Eimco Elecon
#Q4FY23
Rev: 64 vs 36 Cr
EPS: 16.94 vs 3.78 YoY vs 8.48 QoQ
Forward PE : single digit!
Did you know its fortunes are linked to Coal India?
Something big is happening !!
Insider scoop on Eimco Elecon ⬇️
*If useful, please share!!
Eimco Elecon
#Q4FY23
Rev: 64 vs 36 Cr
EPS: 16.94 vs 3.78 YoY vs 8.48 QoQ
Forward PE : single digit!
Did you know its fortunes are linked to Coal India?
Something big is happening !!
Insider scoop on Eimco Elecon ⬇️
*If useful, please share!!
Business:
Eimco Elecon has a near monopoly in the underground coal mining equipment industry in India, with healthy market share backed by an extensive after-sales service network
🔸Long standing relations with Coal India (CIL) & The Singareni Collieries Company Ltd. (SCCL)
Eimco Elecon has a near monopoly in the underground coal mining equipment industry in India, with healthy market share backed by an extensive after-sales service network
🔸Long standing relations with Coal India (CIL) & The Singareni Collieries Company Ltd. (SCCL)
Background
Lets understand operations of Coal India before we get to the big trigger for #EimcoElecon??
India accounts for 12.5% of global coal consumption.
In FY22, out of 622.6 million tonnes of coal mined, nearly 96%, was opencast (OC) coal
But,There is a problem with OC🔰
Lets understand operations of Coal India before we get to the big trigger for #EimcoElecon??
India accounts for 12.5% of global coal consumption.
In FY22, out of 622.6 million tonnes of coal mined, nearly 96%, was opencast (OC) coal
But,There is a problem with OC🔰
