Elecon Engineering Targets 20% Topline Growth In FY26
Elecon Engineering is targeting revenue growth of 20% and margins of 24% in FY26 on the back of a strong order book, CMD Prayasvin Patel says.

Elecon Engineering Co., a leading manufacturer of industrial gears and material handling equipment, is targeting a top-line growth of 20% in fiscal 2026, according to its its Chairman and Managing Director Prayasvin B Patel. The company is expecting margins of 24% on the back of a strong order book.
In a conversation with NDTV Profit on Friday, Patel expressed optimism over both the power and steel sectors to drive the order inflows during this financial year.
“We expect to grow the top line by 20% this year. Both the gear and material handling equipment divisions will do very well because we expect to sustain our margins. Power and steel sectors will have substantial traction in both divisions and drive the order book this year,” he told NDTV Profit.
Elecon Engineering has provided a margin guidance of 24% for fiscal 2026, slightly below the 24.4% clocked in fiscal 2025. On being asked about slightly lower margins than the level achieved in fiscal 2025, he said, “It depends on the product mix. We will try to further improve upon it. 24% is what we have been able to sustain over a period of time.”
He added that margins in exports have been healthy and, in fact, mostly better than domestic margins. The company aims to achieve a 50-50 domestic-international revenue mix by fiscal 2030. In the short term, the tariffs imposed by US President Donald Trump have created a “small hurdle”, but in the long term, the company looks upon it as an opportunity, Patel said.
“We were using the US as a hub for the entire Americas. Now, we will ensure that the exports to Canada and South America, including Mexico, will be made directly. So, this allows us to get a stronger foothold in Canada and South America by establishing entities up there,” he explained.
Globally, territories which have great potential for the company include South America, Africa, and North America, especially Canada. He attributed the recent rise in freight costs to the geopolitical events in the Red Sea, particularly the targeting of commercial vehicles by the Houthis in Yemen. “I believe over a period of time, that will reduce and even out,” he added.
In the quarter ended March, the company’s revenue grew by 41.3% year-on-year to Rs 798 crore and Ebitda rose 44.3% year-on-year to Rs 195 crore.