AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 18 Aug - Eight leadership appointments, including Managing Director, CFO, CS and three independent directors, approved August 14, 2026.
Source: Bse
Elitecon International Limited (ELITECON)
Small CapInfra stocks · Small cap · NSE
Elitecon International Limited operates in Infrastructure, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹6.63
-0.31 · -4.47%
Market cap ₹1,197 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:50 pm ISTDetails
Quote19 Oct, 05:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result22 Sept, 01:10 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Infra P/E 15.4 (n=87)
Technical timing lens
Trend score and candlestick chart
41NeutralSMA20 -22.0% / mo · RSI oversold · MACD + · near 52W low · sector -2.7pp vs Nifty 500 (3M)
Stock trend: 45
Sector RS: 35
Sector 3M: -8.3% vs Nifty 500 -5.6%
Infra FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but the sector index is below its 100-session average. View sector evidence
Technical chart
ELITECOND candles · FIT view-85.5%Latest close ₹6.63 on 2026-10-19
Daily history is available from 2026-04-20; the requested 1Y window is partially covered.
Bar
-4.1%
RSI
25
MACD hist
0.13
52W pos
0%
2026-10-19O ₹6.91H ₹6.93L ₹6.60C ₹6.63Vol 30.9L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ELITECONNifty InfraNifty 500
- ELITECON
- -62.9%
- Nifty 500
- -5.6%
- Nifty Infra
- -8.2%
- Vs Nifty 500
- -57.3 pp
Chart stats
19 Oct 2026- From 52W high
- -85.7%
- 52W range position
- 0%
- ATR (14)
- 7.7%
- Volume vs 20D
- 0.37x
- Avg traded value
- ₹6.3 Cr
- 20D price channel
- ₹6.6 - ₹10
₹46.4
₹6.6 - ₹46.4
₹0.5
Latest completed session
20-session average
56.6% annualized volatility
Research snapshot
What the evidence says now
Strong fundamentals, management evidence is still limited to a financial-only Trust Lite signal, but price trend argues for patience. Suitable for staggered entry or watchlist confirmation rather than aggressive buying.
Strong U-Score but weak trend: timing is not confirming the thesis.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · DEEP VALUE77
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad2
Revenue +501.0% · PAT -297.7% YoY
Technical
Neutral41
Price trend and sector-relative-strength timing.
Valuation
Legacy model+71.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence64
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Bad · 2/100PAT -298% YoY · margin compression · Rev +501% YoY · +8% QoQ
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,881 Cr | +501.0% | +8.0% |
| EBITDA | ₹-75 Cr | NDF | -156.0% |
| Operating margin | -4.0% | NDF | -1200 bps |
| PAT | ₹-85 Cr | -297.7% | -181.7% |
| PAT margin | -4.5% | NDF | -1049 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.39
- P/B
- 3.44
- EV/EBITDA
- 6.19
- Market Cap
- 1197.00Cr
Profitability
- ROE
- 63.60%
- ROCE
- 46.30%
- ROA
- 73.71%
- Dividend Y
- 0.67%
Growth (CAGR)
- Revenue 5Y
- 1618.48%
- EPS 5Y
- 164.29%
- Revenue 3Y
- 1618.48%
- EPS 3Y
- 164.29%
Balance Sheet
- Debt/Equity
- 0.81
- Interest Coverage
- 6.42×
- Altman Z
- 12.20
- Book Value
- 2.18
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 96.00 Cr
- EPS TTM
- 1.01
Shareholding
- Promoter Hold
- 59.43%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 0%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 1,881+8.0% vs prev
Net Profit
₹ CrLatest: -85.0-181.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 25. Wait for confirmation.
- SMA20 falling (~28.1% over last month) — short-term momentum negative.
- RSI(14) at 25 — oversold zone; bounce conditions.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
1
RS percentile
Insufficient history
1M return
-17.0%
3M return
-62.9%
6M return
-83.9%
1Y return
-
RS 1D
0
RS 20D
-
Sector rank
#16
Industry rank
#70
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price below
200-DMA
unavailable
Sector
lagging
Industry
lagging
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
127 observations
19 Oct 2026Value 15.08-3.52%
RS vs Nifty 50015
Valuation & peers
U-Score 77 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 77 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · DEEP VALUEValuation26/30
Growth19/25
Quality20/20
Balance Sheet6/15
Cash Flow1/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
77
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
77/100 · legacy band DEEP VALUE
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 71.6%.
- Quality contributes 20/20 to the score.
Main drags
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Balance sheet is weaker at 6/15; verify the latest quarterly trend.
- Growth is weaker at 19/25; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
7.4
PB
3.4
EV/EBITDA
6.2
ROE
63.6%
ROCE
46.3%
FCF Yield
—
Debt/Equity
0.8
MoS
+71.6%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
77
Previous: 77
Legacy U-Score band
DEEP VALUE
Previous: DEEP VALUE
Margin of safety
+71.6%
Previous: +71.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
74
74
74
74
74
74
74
75
75
75
77
77
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹7.04
+5.8% MoS
Growth-justified P/E
23.1
Growth-justified Value
₹23.33
+71.6% MoS
PEG
0.04
Comparable companies
Peers
Business-comparable peers in Infra — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GAYAPROJ
Small
Gayatri Projects Limited
Construction & Engineering
match 90
47
8.0
—
+94%
FAIR VALUE
GPTINFRA
Small
GPT Infraprojects Limited
Construction & Engineering
match 90
59
15.4
17.3%
+33%
FAIR VALUE
ABINFRA
Small
A B Infrabuild Limited
Construction & Engineering
match 87
38
40.4
13.8%
-98%
WATCHLIST
GLOBECIVIL
Small
Globe Civil Projects Limited
Construction & Engineering
match 85
62
9.7
13.7%
+59%
UNDERVALUED
HECPROJECT
Small
HEC Infra Projects Limited
Construction & Engineering
match 84
69
9.5
21.2%
+59%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Elitecon International Limited operates in Infrastructure, within the Infra sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
64Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 42nd percentile of the scored universe and 51st percentile within Infra. Main check: cash conversion is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
42nd percentile
overall median 67 · Infra: 51st pctile, median 64 · Small: 47th pctile, median 66
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
69
acceptable · leverage and solvency
Discipline
76
strong · capital discipline
Results
45
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 59.4%.
- ▸Promoter pledge is zero.
Trust risks
- ▸Only 0 years of positive FCF.
- ▸Debt/equity is 1.09.
- ▸OPM spread across recent quarters is 33%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Elitecon International Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementAug 2026
Aug 2026 · Announcement Under Regulation 30- Resignation Of Secretarial Auditor 12 Aug - Secretarial auditor M/s. G Aakash & Associates resigned effective August 11, 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Cessation 12 Aug - Clarifies July 29, 2026 cessation of Additional Director Kumar Anubhav Upadhyay; revised Annexure A filed.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Cessation 29 Jul - Kumar Anubhav Upadhyay ceased as Additional Director on July 29, 2026 after missing shareholder approval.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 27 Jul - Vipin Sharma and Pradeep Kumar appointed Executive Additional Directors effective July 22, 2026; banking operations resume.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 1d - Two additional directors, Vipin Sharma and Pradeep Kumar, appointed July 22, 2026 to restore Board quorum.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 20 Jul - SEBI issued bank clarification; Elitecon says Kotak restriction removed, with banking normalisation and recovery roadmap underway.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 10 Jun - Elitecon unveils Rs700 crore FMCG roadmap, targeting Rs20,000 crore revenue by FY30.
Source: Bse
Announcement
Announcement Under Reg 30 (LODR) - Appointment Of Forensic Auditor 20 May - SEBI appoints BDO India Services as forensic auditor for Elitecon’s FY23-FY26 books.
Source: Bse
AnnouncementApr 2026
Apr 2026 · Announcement under Regulation 30 (LODR)-Resignation of Director 1d - Two independent directors resigned effective 7 and 27 April 2026, citing governance and information concerns.
Source: Bse
AnnouncementApr 2026
Apr 2026 · Announcement under Regulation 30 (LODR)-Change in Management 29 Apr - Board appointed Kumar Anubhav Upadhyay as Executive Additional Director; Vipin Sharma resigned as Managing Director on April 29, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 Apr - Elitecon targets ₹20,000 crore FMCG revenue by FY30, planning ₹700 crore expansion and 5,000 distributors.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.