Elecon Engineering stock rose 145% in just six months; Delivered 10x return in the last 3 years
Updated: 15 Sep 2022, 02:13 PM IST
TL;DR.This quarter, Elecon Engineering became net debt free, beating its target of FY23. The stock gave a 3-year return of 1056.16% as compared to the Nifty Small-cap 100, which gave a return of 79.19%. The company delivered an ROE of 13.37% in the year ending March 31, 2022.
The gearboxes of India's first indigenous aircraft carrier, Vikrant (the first aircraft carrier to be built in India), were designed and supplied by Elecon Engineering.