Elgi Equipments Ltd logo

Elgi Equipments Ltd

ELGIEQUIP NSE

Key Fundamentals

SmallcapCompressors Pumps & Diesel EnginesIndustrial Products
Market Cap
₹18,690 Cr
Volatility
Moderate
P/E Ratio
43.36
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

Log in to view Elgi Equipments Ltd insights

43 extracted metrics + investor summaries across FY12–FY26.

Log in — free

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 8.36 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 5d ago
AI opinion · based on fundamentals
Risk medium

Elgi Equipments is an Rs 18,286 crore industrial products company trading at a PE of 42x and 8.09x book value. The company has delivered consistent profit growth of 22% CAGR over 10 years with ROE averaging 20% over the last 5 years, though recent stock price appreciation has moderated to just 2% in the last year against a TTM sales growth of 13%.

Bull Case 7
  • Strong 10-year compounded profit growth of 22% CAGR demonstrates sustained earnings power over a full business cycle
  • Consistent ROE of 19-20% over 3 and 5-year periods indicates efficient capital allocation and durable competitive advantages
  • TTM sales growth of 13% shows continued demand momentum in the current period
  • 5-year compounded sales growth of 15% outpaces the 10-year average of 11%, suggesting an acceleration in the business trajectory
  • 5-year stock CAGR of 23% and 10-year CAGR of 21% reflect long-term wealth creation track record
  • Healthy dividend payout ratio of 20% with a yield of 0.47% shows commitment to returning capital to shareholders
  • 5-year compounded profit growth of 31% significantly outpaces sales growth of 15%, indicating meaningful margin expansion over this period
Bear Case 8
  • PE of 42x is significantly elevated relative to broader market averages, leaving limited margin of safety if growth decelerates
  • Price-to-book of 8.09x is extremely rich for an industrial products company, pricing in substantial future growth
  • Stock has returned only 2% over the last 1 year despite continued double-digit earnings growth, suggesting valuation compression
  • 3-year stock CAGR of just 4% compared to 10-year CAGR of 21% indicates recent stagnation in shareholder returns
  • Potential capitalization of interest costs may be flattering reported profitability and understating true operating expenses
  • TTM profit growth of 12% has decelerated from the 5-year CAGR of 31%, suggesting the margin expansion phase may be plateauing
  • 3-year compounded sales growth of only 9% is below the 10-year average of 11%, indicating a possible slowdown in topline momentum
  • Dividend yield of 0.47% provides negligible income cushion against potential capital depreciation at current valuations

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 3
  • Strong FY26 revenue and profit growth Jul 20

    Consolidated revenue rose 13% YoY to ₹39,507 million and net profit jumped 23% YoY to ₹4,302 million as per the FY26 Annual Report.

  • $2.68M US tariff refund received Jul 16

    Elgi's US subsidiary received a $2.68 million refund from US Customs following a Supreme Court directive, providing a one-time cash boost.

  • Major sustainability improvements in FY26 Jul 20

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

Neutral 4
  • GSC expansion delayed to Q3 FY27 Jul 25

    Global Support Center capacity addition pushed to Q3 FY27 due to automation testing needs, though management expects no revenue impact.

  • ~₹134 Cr block trades on exchanges Jul 17

    Two block trades totalling ~₹134 crore occurred — ₹67.95 Cr on BSE at ₹571/share (Jul 17) and ₹65.97 Cr on NSE at ₹585/share (Jul 10), indicating institutional repositioning.

  • Q1 FY27 earnings call on Aug 14 Jul 22

    Analyst call scheduled for August 14, 2026 at 12:00 PM IST to discuss Q1 FY27 results.

  • US subsidiary divests California stake Jul 11

    ELGI Compressors USA divested its stake in PLA Holding and Pattons of California on Jul 10 for USD 100,000, releasing exclusivity for oil flooded rotary screw compressors in California.

TL;DR: Elgi Equipments delivered a solid FY26 with 13% revenue growth and 23% profit growth, supported by improving sustainability metrics and a one-time US tariff refund. No material headwinds are visible — the GSC delay has no revenue impact and block trades reflect routine institutional activity rather than distress. The trend is positive with strong fundamentals; investors should watch the Q1 FY27 results on Aug 14 for confirmation of continued momentum.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
836
724
806
822
866
801
869
848
993
867
968
1,003
1,113
Expenses
708
635
663
692
741
687
727
728
843
746
828
860
940
Operating Profit
127
89
143
129
125
114
142
119
150
121
140
144
173
OPM %
15%
12%
18%
16%
14%
14%
16%
14%
15%
14%
14%
14%
16%
Other Income
128
20
13
13
15
14
16
15
18
23
55
11
22
Interest
5
5
7
8
10
9
8
6
8
7
7
5
6
Depreciation
20
19
19
19
20
19
19
19
20
19
21
21
25
PBT
231
86
130
114
110
100
131
111
140
118
167
129
164
Tax %
26%
29%
30%
27%
31%
27%
28%
27%
27%
27%
27%
26%
22%
Net Profit
170
60
91
84
76
73
95
81
102
86
121
95
128
EPS in Rs
5.37
1.91
2.88
2.65
2.41
2.3
2.99
2.54
3.22
2.7
3.83
3
4.04
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
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
Operating Profit
90
127
141
178
194
138
217
298
437
491
529
583
OPM %
7%
9%
10%
11%
10%
8%
11%
12%
14%
15%
15%
15%
Other Income
32
6
14
10
11
14
25
54
175
60
63
110
Interest
17
14
9
7
11
17
15
15
24
34
34
30
Depreciation
37
44
45
44
51
65
74
74
78
77
76
86
PBT
68
75
100
137
144
70
153
263
510
440
482
577
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
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
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 ₹18689.71 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 43.36. 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 0.46%. 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

Explore More

More in Industrial Products → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List