The company announced the results on Saturday, 2 May 2009.

Meanwhile, the BSE Sensex was up 590.54 points, or 5.18%, to 11,993.79.

On BSE, 2,883 shares were traded in the counter. The stock had an average daily volume of 2,141 shares in the past one quarter.

The stock hit a high of Rs 177.95 and a low of Rs 172.75 so far during the day. The stock hit a 52-week high of Rs 440 on 2 May 2008 and a 52-week low of Rs 99.10 on 12 March 2009.

The small-cap stock had outperformed the market over the past one month till 29 April 2009, gaining 28.17% as compared to the Sensex's return of 13.48%. It had also outperformed the market in the past one quarter, rising 32.27% as compared to the Sensex's return of 23.46%.

The company's current equity is Rs 5.77 crore. Face value per share is Rs 10.

The current price of Rs 173.75 discounts the company's Q3 December 2008 annualized EPS of Rs 18.72, by a PE multiple of 9.28.

Eimco Elecon India's net sales rose 39.04% to Rs 51.39 crore in Q4 March 2009 over Q4 March 2008. The company reported 14.25% rise in net profit to Rs 15.23 crore on 23.59% increase in net sales to Rs 143.71 crore in the year ended March 2009 over the year ended March 2008.

The company is engaged in manufacturing and market mining equipments. The company's product includes side dump loaders, load haul dumpers and blast hole and water well drilling rigs.

Eimco Elecon India had 27 April 2009 announced that Emtici Engineering, a promoter entity of the company, revoked the entire 8.18 lakh shares representing 14.18% of the equity capital of the company which it had pledged earlier.

The company had in February 2009 announced that Elecon Engineering, a promoter group company pledged five lakh shares representing 8.67% of the equity capital of the firm. On the same month, the company announced that VVN Mfg & Investa, another promoter group company, pledged its entire 34,150 shares representing 0.59% of the equity capital of the company.

The total promoter shareholding in the company stood at 74.05% as on 31 March 2009.