Elgi Equipments Ltd - Stock Valuation and Financial Performance

BSE: 522074 | NSE: ELGIEQUIP | Compressors / Pumps | Small Cap

Elgi Equipments Share Price

645.10 17.40 2.77%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Elgi Equipments

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Elgi Equipments stock performance -

mw4me loader
P/E Ratio (SA):
65.90
Market Cap:
20,443.8 Cr.
52-wk low:
428.7
52-wk high:
714.5

Is Elgi Equipments Ltd an attractive stock to invest in?

1. Is Elgi Equipments Ltd a good quality company?

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

2. Is Elgi Equipments Ltd undervalued or overvalued?

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

3. Is Elgi Equipments Ltd a good buy now?

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

10 Year X-Ray of Elgi Equipments:

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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.1%9.9%8.7%12.3%12.8%12.8%13.3%11.9%18.7%22.1%-
Value Creation
Index
0.1-0.3-0.4-0.1-0.1-0.1-0.1-0.10.40.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8287768668921,0241,1771,0811,1001,5831,7571,760
Sales YoY Gr.--6.3%11.6%3%14.8%15%-8.2%1.8%43.9%11%-
Adj EPS 2.51.81.62.22.52.73.13.25.57.99.8
YoY Gr.--25.3%-15.3%40%16.1%8.3%12.1%2.9%75.6%42.1%-
BVPS (₹) 15.716.815.417.118.920.922.425.73138.543.8
Adj Net
Profit
77.657.94968.879.786.596.999.8175249310
Cash Flow from Ops. 40.478.813586.927.810773116105235-
Debt/CF from Ops. 2.31.40.50.63.10.41.30.900.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.7%11.4%17.6%11%
Adj EPS 13.8%25.6%37%42.1%
BVPS10.5%15.3%19.8%24.2%
Share Price 29% 38.1% 49.1% 38.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.711.39.613.41413.714.113.119.522.623.8
Op. Profit
Mgn %
14.712.113.212.713.212.311.114.215.51821.5
Net Profit
Mgn %
9.47.55.77.77.87.499.111.114.217.6
Debt to
Equity
0.20.20.10.10.10.10.10.100.1-
Working Cap
Days
170195146127145154184201167189114
Cash Conv.
Cycle
6178574458637682727979

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.80%

Sales growth is growing at healthy rate in last 3 years 17.56%

Net Profit is growing at healthy rate in last 3 years 36.95%

Sales growth is not so good in last 4 quarters at 0.13%

Latest Financials - Elgi Equipments Ltd.

Standalone Consolidated
TTM EPS (₹) 9.8 12.8
TTM Sales (₹ Cr.) 1,760 3,188
BVPS (₹.) 43.8 48.7
Reserves (₹ Cr.) 1,355 1,513
P/BV 14.74 13.24
PE 65.90 50.38
From the Market
52 Week Low / High (₹) 428.65 / 714.50
All Time Low / High (₹) 1.06 / 714.50
Market Cap (₹ Cr.) 20,444
Equity (₹ Cr.) 31.7
Face Value (₹) 1
Industry PE 58.4

Management X-Ray of Elgi Equipments:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.880.880.880.840.810.810.81
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Elgi Equipments

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8287768668921,0241,1771,0811,1001,5831,757
Operating Expenses 7076867547798921,0359619441,3371,441
Manufacturing Costs6162616265848091140152
Material Costs493455504518600692624639949988
Employee Cost 9099106118138156163156170193
Other Costs 6369838188103945878108
Operating Profit 12290112113132142120156245316
Operating Profit Margin (%) 14.7%11.6%12.9%12.7%12.9%12.0%11.1%14.2%15.5%18.0%
Other Income 6121414161649244683
Interest 1542245537
Depreciation 18293737363437353738
Exceptional Items 00-550-300000
Profit Before Tax 109692988108121128140251354
Tax 31132020313627356281
Profit After Tax 78569687785100105189272
PAT Margin (%) 9.4%7.2%1.1%7.7%7.5%7.2%9.3%9.6%12.0%15.5%
Adjusted EPS (₹)2.51.80.32.22.42.73.23.36.08.6
Dividend Payout Ratio (%)20%28%169%23%25%24%26%24%19%23%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4965334885416006627108159831,220
Share Capital 16161616161616323232
Reserves 4805174725255846466947849511,189
Minority Interest0000000000
Debt921136448854298101090
Long Term Debt0000000000
Short Term Debt921136448854298101090
Trade Payables120100117114141164129180192166
Others Liabilities 8784638093989592145186
Total Liabilities 7968307317839199661,0321,1891,3201,663

Fixed Assets

Gross Block306434293310321352403417442495
Accumulated Depreciation1491763671104138174211248285
Net Fixed Assets157258257239217214228205194210
CWIP 85610264473
Investments 87118118138156175174178181184
Inventories10511398100119112130139172167
Trade Receivables178166160159253286256330424444
Cash Equivalents 22233854615245160118255
Others Assets1611466093112122196173223400
Total Assets 7968307317839199661,0321,1891,3201,663

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4079135872810773116105235
PBT 109692988108121128140251354
Adjustment 16249728283212612-9
Changes in Working Capital -60030-13-73-6-22-31-94-19
Tax Paid -25-14-20-16-35-39-34-19-65-91
Cash Flow From Investing Activity -95-74-46-38-61-53-71-536-287
Capex -90-52-17-19-21-38-35-16-25-36
Net Investments -2-313-1-25-2-23-5814-284
Others -39-32-17-14-12-12211834
Cash Flow From Financing Activity 53-4-71-3515-650-5-12949
Net Proceeds from Shares 0000000001
Net Proceeds from Borrowing 0000000000
Interest Paid -1-4-3-2-2-2-4-4-2-5
Dividend Paid -16-18-16-16-16-19-460-25-36
Others 7017-52-1832-4451-1-10289
Net Cash Flow -211915-18-11258-19-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.7910.811.8413.2913.4813.4314.6413.7821.0624.74
ROCE (%)21.1111.865.5915.8517.2717.8817.5916.7826.7331.42
Asset Turnover Ratio1.2111.181.251.221.251.080.991.261.18
PAT to CFO Conversion(x)0.511.41151.280.361.260.731.10.560.86
Working Capital Days
Receivable Days68776561738491978790
Inventory Days43494238383641453635
Payable Days70727181778086887266

Elgi Equipments Ltd Stock News

Elgi Equipments Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Elgi Equipments on 12-Apr-2024 16:59 is ₹645.1.
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 12-Apr-2024 16:59 the market cap of Elgi Equipments stood at ₹20,443.8.
The latest P/E ratio of Elgi Equipments as of 12-Apr-2024 16:59 is 65.90.
The latest P/B ratio of Elgi Equipments as of 12-Apr-2024 16:59 is 14.74.
The 52-week high of Elgi Equipments is ₹714.5 and the 52-week low is ₹428.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elgi Equipments is ₹1,760 ( Cr.) .

About Elgi Equipments Ltd

Elgi Equipments incorporated in 1960; is engaged in manufacturing of air compressors and automobile service station equipment.

Products manufactured by company has wide applications in the area of mining, pharmaceuticals, ship building, power, oil, chemicals, textiles, printing,  paper, transport, electronics, telecommunications, defence, medical, railways, food and beverages and plastics.

ELGI has received ISO 9001:2000 certification for its quality management. The company has network of 114 dealers.

The company has global presence in countries namely Europe, North America, Latin America, Africa, Australia, Middle East, South East Asia, West Asia and the Far East.

Products Rotary Screw Air Compressors- Under this company designs and manufactures electric and diesel powered screw air compressor. Under this the company manufactures wide range of products such as electric powered screw air compressors, airends, oil-free screw air compressor, centrifugal air compressor and portable screw air compressor.  The company has also manufactured worlds smallest screw air compressor known as ELGI Micro Rotary.

Reciprocating Air Compressors- Under this, EEL manufactures a range of compressors namely horizon series reciprocating air compressors, borewell compressors, ELGIPET air power systems, high pressure / volume reciprocating air compressors, high volume tank mounted compressors, tractor mounted air compressors, high pressure reciprocating air compressor and bare compressor pumps.

Automotive Equipments- Under this the company manufactures equipments for two, three and four wheelers that provides a total service station solutions.  Company is engaged in production of automotive equipments such as body shop equipment, service station equipment, wheel servicing equipment, test lanes, pneumatic equipment are among others.

Railway Compressor- ELGI manufactures Railway Compressors and a variety of compressor solutions for railway applications like circuit breakers, engine starting etc. The company manufactures products such as electrical locomotives, diesel locomotives, expressors, auxillary compressor, exhausters, wind Screen wipers and water raising apparatus.

After sales services- ELGI provides after sales services in area of service agreements, monitoring solutions, energy saving products and air solutions.

Important events

In 2010 Elgi Equipments has acquired Belair of France, a company engaged in assembly, sales and service of industrial compressors, piping, fittings and accessories.

In 2011 Company has incorporated a wholly owned subsidiary in Australia under the name and style of ELGI EQUIPMENTS AUSTRALIA PTY LTD.
-Elgi succeeds in launching the first Oil-free screw air compressor.

2012
-The Company has acquired 100% of Rotair S.p.a. The acquisition is through a 100% subsidiary incorporated in Italy, Elgi Compressors Italy.
-Elgi Equipmnt - Acquisition of Patton's Inc. in USA by Elgi Equipments Ltd.
-Elgi Equipement buys Italian Company.
-Elgi launches the compact, silent and energy efficient EN Series screw air compressors."

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.