Elgi Equipments Ltd logo

Elgi Equipments Ltd

ELGIEQUIP NSE

Key Fundamentals

SmallcapCompressors Pumps & Diesel EnginesIndustrial Products
Market Cap
₹19,726 Cr
Volatility
Moderate
P/E Ratio
43.47
EBITDA
₹697 Cr
Return on Equity
19.28%
Debt to Equity
0.24
Book Value
₹70.43
EPS
₹10.23
52W High
₹633.85
52W Low
₹408.25

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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43 extracted metrics + investor summaries across FY12–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 20.0%

Weaknesses

2
  • Stock is trading at 8.86 times its book value
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
14.02% ↗
Net Income Growth
22.84% ↗
Cash Flow Change
16.01% ↗
ROE
2.72% ↗
ROCE
-1.84% ↗
EBITDA Margin (Avg.)
4.90% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 20h ago
AI opinion · based on fundamentals
Risk medium

Elgi Equipments Ltd is a Rs 19,579 crore industrial products company trading at a PE of 43.1x and PB of 8.65x. The company has delivered 31% compounded profit CAGR over 5 years with consistent ROE of ~20% over the last 3-5 years, while sales have grown at 15% CAGR over 5 years.

Bull Case 7
  • Strong 5-year compounded profit CAGR of 31%, significantly outpacing sales growth of 15%, indicating expanding margins and operating leverage
  • Consistent ROE of 19-20% over the last 3-5 years demonstrates efficient capital allocation and sustainable earnings quality
  • TTM sales growth of 16% shows continued revenue momentum even on a higher base after 5 years of 15% CAGR
  • TTM profit growth of 28% continues to outpace revenue growth of 16%, suggesting further margin expansion in recent quarters
  • 10-year compounded profit CAGR of 22% reflects long-term structural earnings growth trajectory across business cycles
  • Stock has delivered 24% CAGR over 5 years and 21% over 10 years, demonstrating consistent long-term wealth creation
  • Healthy dividend payout of 20.0% maintained consistently, reflecting confidence in cash flow generation despite reinvestment needs
Bear Case 8
  • PE of 43.1x is significantly elevated for an industrial products company, leaving limited margin of safety if growth decelerates
  • Price-to-book of 8.65x is extremely high, meaning the stock prices in substantial future growth that may already be discounted
  • Dividend yield of just 0.44% offers negligible income return relative to the valuation premium being paid
  • 3-year sales CAGR of only 9% versus 5-year CAGR of 15% suggests a period of slower revenue growth in intermediate years
  • 3-year stock CAGR of 8% versus 5-year CAGR of 24% indicates the stock has underperformed its own historical trajectory in the medium term
  • Company might be capitalizing interest costs, which could overstate reported profitability and asset values
  • 3-year compounded profit CAGR of 11% is notably lower than the 5-year figure of 31%, suggesting profit growth may have been lumpy or back-ended
  • At Rs 19,579 crore market cap with a 43.1x PE, any earnings miss or margin compression could trigger a sharp de-rating

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 20h ago
Positives 3
  • Q1 profit up 20%, margins expand Aug 14

    Q1 FY27 net profit rose 20% YoY to ₹1.03 billion on revenue of ₹10.6 billion (up 18%). EBITDA margin expanded to 14.62% from 13.97%, showing strong operating leverage.

  • FY26 revenue up 13%, profit up 23% Jul 20

    Annual Report shows consolidated revenue of ₹39,507 million (up 13% YoY) and net profit of ₹4,302 million (up 23% YoY). 66th AGM scheduled for August 14, 2026.

  • Strong sustainability progress in FY26 Jul 20

    BRSR filing reports 63.33% reduction in carbon intensity and 90.23% recycling of foundry waste sand, strengthening ESG credentials.

Neutral 2
  • GSC expansion delayed to Q3 FY27 Jul 25

    Global Support Center capacity addition pushed to Q3 FY27 due to automation testing needs. Management expects no revenue impact from the delay.

  • Q1 FY27 earnings call scheduled Jul 22

    Analyst call held on August 14, 2026 at 12:00 PM IST via Microsoft Teams to discuss Q1 FY27 results.

TL;DR: Elgi Equipments is delivering consistent profitable growth with Q1 FY27 profit up 20% and full-year FY26 profit up 23%, supported by expanding EBITDA margins. There are no material headwinds currently visible — the GSC expansion delay is minor with no revenue impact. The trend is improving with margin expansion and strong ESG progress reinforcing long-term positioning.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
724
806
822
866
801
869
848
993
867
968
1,003
1,113
1,062
Expenses
635
663
692
741
687
727
728
843
746
828
860
940
907
Operating Profit
89
143
129
125
114
142
119
150
121
140
144
173
155
OPM %
12%
18%
16%
14%
14%
16%
14%
15%
14%
14%
14%
16%
15%
Other Income
20
13
13
15
14
16
15
18
23
55
11
22
15
Interest
5
7
8
10
9
8
6
8
7
7
5
6
6
Depreciation
19
19
19
20
19
19
19
20
19
21
21
25
25
PBT
86
130
114
110
100
131
111
140
118
167
129
164
140
Tax %
29%
30%
27%
31%
27%
28%
27%
27%
27%
27%
26%
22%
26%
Net Profit
60
91
84
76
73
95
81
102
86
121
95
128
103
EPS in Rs
1.91
2.88
2.65
2.41
2.3
2.99
2.54
3.22
2.7
3.83
3
4.04
3.26
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,294
1,401
1,370
1,604
1,863
1,829
1,924
2,525
3,041
3,218
3,510
3,951
4,146
Expenses
1,204
1,274
1,229
1,426
1,669
1,692
1,707
2,227
2,604
2,727
2,982
3,368
3,534
Operating Profit
90
127
141
178
194
138
217
298
437
491
529
583
612
OPM %
7%
9%
10%
11%
10%
8%
11%
12%
14%
15%
15%
15%
15%
Other Income
32
6
14
10
11
14
25
54
175
60
63
110
103
Interest
17
14
9
7
11
17
15
15
24
34
34
30
24
Depreciation
37
44
45
44
51
65
74
74
78
77
76
86
92
PBT
68
75
100
137
144
70
153
263
510
440
482
577
599
Tax %
30%
32%
26%
30%
28%
39%
33%
32%
27%
29%
27%
25%
—
Net Profit
48
51
74
95
103
43
102
178
371
312
350
430
448
EPS in Rs
1.52
1.61
2.34
3.01
3.25
1.34
3.23
5.63
11.7
9.85
11.05
13.57
14.13
Div. Payout %
33%
31%
21%
20%
20%
61%
25%
20%
17%
20%
20%
20%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
16
16
16
16
16
16
32
32
32
32
32
32
Reserves
478
530
591
673
755
753
838
1,001
1,339
1,580
1,834
2,200
Borrowings
367
304
251
266
238
448
465
436
577
638
577
533
Other Liabilities
296
256
250
298
366
334
430
491
531
558
594
773
Total Liabilities
1,156
1,106
1,108
1,253
1,375
1,551
1,765
1,959
2,479
2,807
3,037
3,538
Fixed Assets
454
462
441
440
504
600
572
553
587
587
592
699
CWIP
10
2
4
2
6
4
4
7
3
10
53
136
Investments
15
15
15
15
14
12
24
31
37
41
81
165
Other Assets
677
627
648
795
851
935
1,165
1,367
1,852
2,170
2,312
2,539
Total Assets
1,156
1,106
1,108
1,253
1,375
1,551
1,765
1,959
2,479
2,807
3,037
3,538
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
78
126
126
47
172
35
240
69
166
285
391
454
Investing
-17
-16
-39
-53
-107
-152
-110
2
-217
-101
-283
-98
Financing
-52
-100
-77
-10
-60
91
-48
-81
60
-79
-217
-312
Net Cash Flow
10
10
9
-17
5
-25
82
-11
8
105
-109
43
Free Cash Flow
55
103
98
7
120
-6
211
44
109
243
298
348
CFO/OP
106
119
102
49
114
57
124
49
65
92
100
103
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
69
66
65
78
72
69
76
68
66
67
63
67
Inventory Days
132
106
109
110
99
128
122
130
143
145
129
134
Days Payable
82
79
83
86
87
78
103
86
75
80
72
87
Cash Conversion Cycle
119
92
91
102
83
119
95
112
135
132
121
114
Working Capital Days
28
34
36
39
38
36
23
36
28
27
30
42
ROCE %
8%
11%
13%
16%
16%
8%
13%
19%
24%
22%
22%
22%

Shareholding Pattern

As of Jun 2026
Promoters 31.19%
Public 22.29%
FIIs 21.90%
Others 14.49%
DIIs 10.13%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
31.91%
31.91%
31.91%
31.91%
31.32%
31.32%
31.19%
31.19%
31.19%
31.19%
31.19%
31.19%
31.19%
31.19%
31.19%
31.19%
31.19%
31.19%
31.19%
31.19%
31.19%
31.19%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.92%
0.92%
0.92%
0.93%
0.93%
29.54%
29.47%
29.40%
29.39%
29.09%
27.62%
26.12%
23.11%
22.20%
21.90%
DIIs
8.30%
8.03%
5.98%
5.35%
4.59%
4.51%
3.33%
4.78%
4.87%
4.87%
3.35%
3.45%
4.98%
5.00%
5.05%
5.08%
4.98%
5.23%
6.25%
8.09%
9.08%
10.13%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
21.20%
21.41%
22.25%
21.98%
22.31%
21.76%
21.58%
21.31%
21.33%
21.29%
21.66%
21.42%
20.79%
20.81%
20.86%
20.97%
20.82%
21.66%
21.88%
22.76%
22.53%
22.29%
Others
38.60%
38.65%
39.86%
40.76%
41.77%
42.41%
43.90%
41.80%
41.69%
41.73%
42.87%
43.01%
13.49%
13.53%
13.49%
13.36%
13.92%
14.30%
14.56%
14.85%
14.99%
14.49%
No. of Shareholders
27,039
34,095
41,226
40,123
46,164
44,386
52,382
48,786
47,236
49,934
58,126
56,754
55,150
54,988
63,568
65,977
68,533
76,951
79,971
92,465
89,695
89,318

Documents

Frequently Asked Questions about Elgi Equipments Ltd

What does Elgi Equipments Ltd do?
Incorporated in 1960, Elgi Equipments Limited along with its subsidiaries, is in the business of manufacturing and supplying Air Compressors ** & Automotive Equipments**. It is also providing related after sales services [1]
Where is Elgi Equipments Ltd (ELGIEQUIP) listed?
Elgi Equipments Ltd is listed on the Indian stock exchanges. It is listed on NSE: ELGIEQUIP and BSE: 522074. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Elgi Equipments Ltd belong to?
Elgi Equipments Ltd operates in the Industrial Products sector within the Compressors Pumps & Diesel Engines industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Elgi Equipments Ltd?
Elgi Equipments Ltd has a market capitalisation of approximately ₹19726.00 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Elgi Equipments Ltd?
The Price-to-Earnings (PE) ratio of Elgi Equipments Ltd is 43.47. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Elgi Equipments Ltd?
Over the past 52 weeks, Elgi Equipments Ltd has traded between a low of ₹408.25 and a high of ₹633.85. This range helps investors understand the stock's price volatility and recent trading levels.
Does Elgi Equipments Ltd pay dividends?
Yes, Elgi Equipments Ltd has a dividend yield of 0.43%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Elgi Equipments Ltd?
Elgi Equipments Ltd has a Return on Equity (ROE) of 19.28%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Elgi Equipments Ltd on Tapetide?
On Tapetide, you can view Elgi Equipments Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1960, Elgi Equipments Limited along with its subsidiaries, is in the business of manufacturing and supplying Air Compressors ** & Automotive Equipments**. It is also providing related after sales services [1]

Website elgi.com
CEO Dr. Jairam Varadaraj
Employees 2,138
Listed 1995-11-22
Face Value ₹ 1
Issued Size 31,69,09,016

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