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Elgi Equipments Ltd (ELGIEQUIP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522074 NSE: ELGIEQUIP Compressors / Pumps | Small Cap | Elgi Equipments Share Price

₹532.90 7.75 (1.48%)

As on 03-Nov'26 16:59

Elgi Equipments Ltd (ELGIEQUIP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522074 NSE: ELGIEQUIP Compressors / Pumps | Small Cap | Elgi Equipments Share Price

₹532.90 7.75 (1.48%)

As on 03-Nov'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹16,888 Cr.
Current Price
₹532.9
52-Week Low / High
₹409 / 653
TTM EPS
₹14.1
TTM Sales
₹4,146 Cr.
Book Value per Share
₹73.3
P/E Ratio
37.70
Lower than its 5-year historical median
Industry PE
43.6
Price to Book (P/B)
7.27
Lower than its 5-year historical median
Price to Sales (P/S)
4.07
Lower than its 5-year historical median
EV/EBITDA
22.64
Lower than its 5-year historical median
Dividend Yield
0.51%
Profitability Efficiency
Return on Equity (ROE)
21.09%
Outperforms industry median
Return on Capital Employed (ROCE)
24.39%
Outperforms industry median
Return on Assets (ROA)
13.22%
Outperforms industry median
Operating Profit Margin
14.9%
Outperforms industry median
Net Profit Margin
10.89%
Outperforms industry median
Gross Profit Margin
17%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
12.59%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
10.27%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
22.84%
Asset Quality
Promoter Holding
31.19%
Pledged shares (%) of Promoter's holding (%)
0.88%
Reserves
₹2,291 Cr.
Equity
₹31.7 Cr.
Face Value
₹1
All Time Low / High
₹1.06 / 799.00

Elgi Equipments stock performance

Key Ratios
mw4me loader

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Check Before You Invest

Quality

Very Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is Elgi Equipments Ltd a good quality company?
Elgi Equipments Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does Elgi Equipments Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Elgi Equipments Ltd vs industry peers?
Elgi Equipments Ltd revenue CAGR is 15.48%, compared to the industry median CAGR of 14.38%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Elgi Equipments Ltd?
Promoters hold 31.19% of the Elgi Equipments Ltd, with 0.88% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Elgi Equipments Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 18.7% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Elgi Equipments Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ15.9%17.3%17.9%17.6%16.8%26.7%31.4%30.1%28.5%25.2%-
Value Creation
Index ⓘ		0.10.20.30.30.21.01.31.71.10.9-

Growth Parameters ⓘ
Sales ⓘ8921,0241,1771,0811,1001,5831,7571,8432,0812,3432,485
Sales YoY Gr.-14.8%15%-8.2%1.8%43.9%11%4.9%12.9%12.6%-
Adj EPS ⓘ2.22.52.73.13.25.57.9101110.911.2
YoY Gr.-16.1%8.3%12.1%2.9%75.6%42.1%27.1%10.3%-1.5%-
BVPS (₹) ⓘ17.118.920.922.425.73138.546.354.362.365.2
Adj Net
Profit ⓘ		68.879.786.596.999.8175249317349344354
Cash Flow from Ops. ⓘ86.927.810773116105235255339180-
Debt/CF from Ops. ⓘ0.63.10.41.30.900.40.400-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ11.3%16.3%10.1%12.6%
Adj EPS ⓘ19.6%28.1%11.4%-1.5%
BVPSⓘ15.5%19.4%17.4%14.9%
Share Price 18.9% 21.7% 1.7% 10.6%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		13.41413.714.113.119.522.623.521.918.517.5
Op. Profit
Mgn % ⓘ		12.713.212.311.114.215.51821.82118.618.2
Net Profit
Mgn % ⓘ		7.77.87.499.111.114.217.216.814.714.3
Debt to
Equity ⓘ		0.10.10.10.10.100.10.100-
Working Cap
Days ⓘ		127145154184201167189194159163117
Cash Conv.
Cycle ⓘ		4458637682727979717387

Valuation of Elgi Equipments - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.670.670.670.670.670.670.880.880.880.88
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,3701,6051,8631,8291,9242,5253,0413,2183,5103,951
Operating Expenses ⓘ + 1,2291,4281,6701,6921,7072,2292,6042,7272,9823,368
Manufacturing Costs8699124119141207240222248277
Material Costs7579061,0319811,0281,3571,5331,5691,7171,934
Employee Cost 254281341405412484572655683776
Other Costs ⓘ 132141173187126180259282333382
Operating Profit ⓘ 141178194138217296437491529583
Operating Profit Margin (%) 10.3%11.1%10.4%7.5%11.3%11.7%14.4%15.2%15.1%14.8%
Other Income ⓘ + 121110132355675558118
Exceptional Items ⓘ 0-3000010500-15
Interest ⓘ 971117151524343530
Depreciation ⓘ 45445165747478777686
Profit Before Tax ⓘ 10013714470153263510440482577
Tax ⓘ 264140275085140128131147
Profit After Tax 749510343102178371312350430
PAT Margin (%) 5.4%5.9%5.5%2.3%5.3%7.1%12.2%9.7%10.0%10.9%
Adjusted EPS (₹)2.33.03.31.33.25.611.79.911.113.6
Dividend Payout Ratio (%)21.40%20%20%61.40%24.70%20.40%17.10%20.30%19.90%19.90%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 6076897717698701,0311,3691,6081,8592,221
Share Capital ⓘ 15.8515.8515.8515.8531.6931.6931.6931.7031.7031.70
Reserves ⓘ 5916737557538381,0001,3381,5771,8282,189
Debt +211223193390370346487543477396
Long Term Debt9760761038158222070
Short Term Debt114163117287288288465524470396
Minority Interest0000000000
Trade Payables171213247209289319314345337460
Others Liabilities ⓘ 118128164171224252300290334426
Total Liabilities ⓘ 1,1081,2531,3751,5391,7521,9472,4702,7873,0073,502

Fixed Assets

Net Fixed Assets ⓘ +437424488583555536583582587695
Gross Block5215536648278669161,0301,0891,1631,336
Accumulated Depreciation85130176244311379447507576641
CWIP ⓘ 42644731053136
Investments ⓘ 151514122431374181165
Inventories226274279343343483602622609711
Trade Receivables242343367347400472551593608724
Cash Equivalents 10610911086262220351775875718
Others Assets ⓘ 7886112163165198344164195354
Total Assets ⓘ 1,1081,2531,3751,5391,7521,9472,4702,7873,0073,502
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 126471723524069166285391454
PBT ⓘ 10013714470153263510440482577
Adjustment ⓘ 503956817458-46516692
Changes in Working Capital ⓘ -6-8823-7242-174-180-42-17-67
Tax Paid ⓘ -19-40-50-43-29-78-119-165-140-150
Cash Flow From Investing Activity ⓘ + -39-53-107-152-1102-217-101-283-98
Capex -27-27-51-42-29-2451-42-93-105
Net Investments -14-32-60-61-8610-287-97-240-60
Others ⓘ 264-4951618385167
Cash Flow From Financing Activity ⓘ + -77-10-6091-48-8160-79-217-312
Net Proceeds from Shares ⓘ 0000001384
Net Proceeds from Borrowing ⓘ 0-36170-18-27-43-6-15-14
Interest Paid ⓘ -8-6-9-14-13-11-18-30-32-26
Dividend Paid ⓘ -16-16-19-46-0-25-36-63-63-69
Others ⓘ -5448-50152-17-1815617-115-207
Net Cash Flow ⓘ 9-175-2582-118105-10943
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)12.8314.7114.125.5312.5118.7730.8920.9620.221.09
ROCE (%)12.8515.8815.737.9613.7420.8232.5923.4622.8624.39
Asset Turnover Ratio1.31.371.421.261.171.361.381.221.211.21
PAT to CFO Conversion(x)1.70.491.670.812.350.390.450.911.121.06
Working Capital Days
Receivable Days62.9065.9069.6071.2070.806361.4064.9062.4061.50
Inventory Days57.3056.2054.1062.1065.1059.7065.2069.506460.90
Payable Days82.2077.5081.4084.8088.4081.7075.3076.7072.5075.20

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

Elgi Equipments Ltd FAQs

The current trading price of Elgi Equipments on 03-Nov-2026 16:59 is ₹532.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Nov-2026 the market cap of Elgi Equipments stood at ₹16,888.1 Cr

The latest P/E ratio of Elgi Equipments as of 02-Nov-2026 is 47.68.

The latest P/B ratio of Elgi Equipments as of 02-Nov-2026 is 8.17.

The 52-week high of Elgi Equipments is ₹653.2 and the 52-week low is ₹408.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elgi Equipments is ₹2,485 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Elgi Equipments Ltd is a good quality company.

The key valuation ratios of Elgi Equipments Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Elgi Equipments Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Elgi Equipments Ltd

Elgi Equipments was established in 1960 as an air compressor and garage equipment manufacturing company. Over the years, the company has exponentially grown its product portfolio and aligned its offering to changing market requirements. Currently, the company is a global air compressor manufacturer with a broad line of innovative and technologically superior compressed air systems. The company designs and manufactures an extensive range of innovative and technologically advanced compressed air solutions for a variety of industry applications. Over the years, the company has earned worldwide accolades for designing customer centric, compressed air solutions that are sustainable, and help companies achieve their productivity goals while ensuring a lower total cost of ownership. The company together with its subsidiaries also providing related after sales services.

Business area of the company

The company is engaged in manufacturing of air compressors.

Products

  • Oil lubricated compressors
  • Oil free compressors
  • Rotary screw compressors
  • Reciprocating compressors
  • Portable compressors
  • Railway compressors
  • Heat recovery systems
  • Air accessories
  • Medical air compressors
  • Vacuum pumps

Milestones/ History

  • 1960: Establishment of Elgi Equipments
  • 1975: Becomes a public limited company
  • 1983-88: Indigenizes the manufacture of rotary screw compressors
  • 1997: Receives the ISO 9001 certification
  • 2000: Introduces new generation oil free screw air compressor
  • 2002: Develops the world's smallest screw air compressor
  • 2003: Launches tank-mounted rotary screw compressor
  • 2011: Launches the first indigenously developed oil free screw air compressor
  • 2012: Launches EN Series screw air compressors
  • 2012: Acquires Italy-based Rotair S.P.A and US-based Patton's Inc
  • 2013-14: Starts the Air Center Plant and foundry in Coimbatore
  • 2018: Acquires Pulford Air and Gas, a Sydney-based distribution company for industrial compressors founded in 1925
  • 2019: Wins Deming Prize.
  • 2019: Launches AB Series at Hannover Messe ComVac, Germany.
  • 2019: Opens European headquarters in Belgium.
  • 2020: Launches LD Series direct drive piston compressor.
  • 2020: Acquired Michigan Air Solutions and expanded its presence in North America.
  • 2021: Launches PG1250 portable compressors for the water well drilling industry
  • 2022: Launches electric-powered PG 110E -13.5, and the diesel-powered PG 575 - 225 trolley mounted portable air compressors
  • 2022: Introduces intelligent, energy-efficient LD Series two-stage, direct drive, duplex compressor with controller
  • 2023: Introduces Advanced Compressed Air Solutions at Hannover Messe 2023, Germany
  • 2023: ELGi Sauer strengthens presence with new, state-of-the-art manufacturing facility in Coimbatore, India
  • 2024: Signs technical licensing agreement with D.V.P. Vacuum Technology
  • 2025: Unveils Demand=Match system

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