ELECON

—a leading player in industrial gears and material handling equipment—just posted a blowout Q1 FY26.

📈 Revenue: ₹491 Cr (+25% YoY) 💰 EBITDA: ₹130 Cr (+41%) 🧾 PAT: ₹175 Cr (+47%) 📊 EPS: ₹7.82 (+139%) Growth is driven by: Strong revival in capex cycles (steel, cement, mining, power) Export demand (esp. Europe & SE Asia) for high-efficiency gearboxes Sharp focus on margin-accretive verticals + order execution discipline With an asset-light model,

is leveraging its moat in gear solutions to deliver operating leverage. At ₹13.8K Cr mcap & 30.9x PE, it’s not cheap—but the earnings quality and capital efficiency are commanding attention.