Elecon Engineering Limited

Elecon Engineering Limited

Few Growth triggers from annual report FY23

1. Reduced working capital days from 101(FY22) to 76(FY23)

2. inorganic growth throw expansion in new geography

3. Set a target to take its overseas and export revenue to 50% of the consolidated revenue FY30 (current FY23 is 29%)

4. New product development and enhancing value in existing products.

5. Capex plans 150cr for FY23 to FY25 funded by internal accruals.

6. Strong order Book for FY24 (At the end of fiscal, the Company’s order book in Gear business stood
   at 1,39,668 Lakhs at Consolidated level and in MHE business stood at 22,288 Lakhs at Consolidated level.)

7. The Company has now become net debt free at the Consolidated level.