Elecon Engineering's Stock Attracts DIIs Amid Strong Order Book and Strategic Shifts Domestic institutional investors (DIIs) have shown consistent interest in Elecon Engineering, a Gujarat-based industrial engineering firm, over the past three years. Despite challenges from global headwinds affecting one of its key segments, the company has seen its DII stake nearly triple, rising from 2.02% in June 2023 to 5.67% in March 2026. This steady accumulation, coupled with the presence of ace investor Vijay Kedia among its shareholders and a robust order book, suggests the rising DII confidence is more than a temporary trend. A key indicator of Elecon's strong demand is its open order book, which stood at ₹1,292 crore as of March 31, 2026—a 36% increase compared to the same period in 2025. This reflects sustained customer demand across its business, even amid a challenging global environment. The company’s full-year order intake reached ₹2,660 crore, up 12% year-on-year, signaling continued fresh business inflows. For investors, this growing order book provides greater revenue visibility over the next few quarters and reduces uncertainty around near-term earnings. With an encouraging inquiry pipeline, Elecon appears well-positioned to maintain its intake momentum into fiscal year 2027. The Material Handling Equipment (MHE) segment has emerged as a standout performer within Elecon’s operations. In the fourth quarter of fiscal year 2026, the MHE division reported revenue of ₹274 crore, a 36.8% year-on-year increase. For the full year, adjusted revenue grew by 38.1% compared to the previous year. This growth is attributed to a product-first strategy and an expanding aftermarket services opportunity.#indian_navy #domestic_institutional_investors #vijay_kedia #elecon_engineering #material_handling_equipment
