Elgi Equipments

Why is Elgi Equipments Ltd falling/rising?

As of 07-Aug, Elgi Equipments Ltd's stock price is at 588.30, down 0.19%. Despite strong fundamentals and recent outperformance against the Sensex, a significant drop in investor participation and high valuation may be affecting the stock's current decline.

As of 07-Aug, Elgi Equipments Ltd's stock price is currently at 588.30, reflecting a decrease of 1.1 points or 0.19%. Despite this slight decline, the stock has shown positive performance over the past week, outperforming the benchmark Sensex by 3.25% with a return of 3.25% compared to the Sensex's 0.52%. However, the stock has experienced a negative return of 0.31% over the past month, while the Sensex has gained 0.41%.<BR><BR>The company's strong long-term fundamentals contribute to its overall positive outlook, as evidenced by an average Return on Equity (ROE) of 20.44% and a healthy annual growth rate of operating profit at 28.40%. Additionally, Elgi Equipments has reported positive results for the last five consecutive quarters, with significant increases in net sales and operating profit before depreciation, interest, and taxes (PBDIT).<BR><BR>However, the stock is facing some challenges that may be contributing to its current price decline. Notably, there has been a significant drop in investor participation, with delivery volume falling by 51.47% against the five-day average. This decline in trading activity could indicate reduced interest among investors, which may be impacting the stock price negatively. Furthermore, while the stock has a high institutional holding of 32.03%, indicating confidence from larger investors, its valuation is considered very expensive with a Price to Book Value of 8.4, which may deter some potential buyers.<BR><BR>In summary, while Elgi Equipments Ltd has strong fundamentals and has outperformed the market in the short term, the recent decline in investor participation and high valuation may be contributing to the current drop in stock price.

Which are the latest news on Elgi Equipments?

How big is Elgi Equipments?

No Data Available for the Stock

Who are in the management team of Elgi Equipments?

The management team of Elgi Equipments includes Jairam Varadaraj (Managing Director), ANVARJAY VARADARAJ (Executive Director), and several Non-Executive & Independent Directors such as N Mohan Nambiar and B Vijayakumar, among others. They are responsible for the company's strategic direction and governance.

The management team of Elgi Equipments includes the following members:<BR><BR>1. **Jairam Varadaraj** - Managing Director<BR>2. **N Mohan Nambiar** - Non-Executive & Independent Director<BR>3. **B Vijayakumar** - Non-Executive & Independent Director<BR>4. **Sudarsan Varadaraj** - Non-Executive & Non-Independent Director<BR>5. **Ganesh Devaraj** - Non-Executive & Independent Director<BR>6. **M Ramprasad** - Non-Executive & Independent Director<BR>7. **Aruna Thangaraj** - Non-Executive & Independent Director<BR>8. **ANVARJAY VARADARAJ** - Executive Director<BR>9. **S Prakash** - Company Secretary & Compliance Officer<BR><BR>This team plays a crucial role in guiding the company's strategic direction and governance.

Who are the peers of the Elgi Equipments?

Elgi Equipments' peers include Cummins India, Kirloskar Oil, KSB, Kirl. Brothers, Ingersoll-Rand, Kirl.Pneumatic, Shakti Pumps, Swaraj Engines, and Oswal Pumps. Key metrics show excellent management risk for Cummins, Elgi, and Ingersoll-Rand, with Kirloskar Oil leading in 1-year returns at 103.32%, while Elgi's return is 14.98%.

Peers: The peers of Elgi Equipments are Cummins India, Kirloskar Oil, KSB, Kirl. Brothers, Ingersoll-Rand, Kirl.Pneumatic, Shakti Pumps, Swaraj Engines, and Oswal Pumps.<BR><BR>Quality Snapshot: Excellent management risk is observed at Cummins India, Elgi Equipments, and Ingersoll-Rand, while Good management risk is found at Kirloskar Oil, KSB, Kirl. Brothers, Kirl.Pneumatic, Shakti Pumps, and Swaraj Engines, and the rest. Growth is Excellent for Cummins India and Kirloskar Oil, Good for Elgi Equipments, Ingersoll-Rand, Kirl.Pneumatic, and Shakti Pumps, while Below Average growth is noted for KSB, Kirl. Brothers, and Swaraj Engines, and the rest. Excellent capital structure is seen at Cummins India, Elgi Equipments, KSB, Kirl. Brothers, Ingersoll-Rand, Kirl.Pneumatic, and Shakti Pumps, while Below Average capital structure is noted for Kirloskar Oil.<BR><BR>Return Snapshot: Kirloskar Oil has the highest 1-year return at 103.32%, while Shakti Pumps has the lowest at -47.12%. Elgi Equipments' 1-year return of 14.98% is significantly lower than that of Kirloskar Oil but higher than Shakti Pumps. Additionally, Shakti Pumps and Oswal Pumps have negative six-month returns.

What does Elgi Equipments do?

Elgi Equipments Ltd manufactures air compressors and provides after-sales services, operating in the Compressors, Pumps & Diesel Engines industry. As of March 2026, it reported net sales of 1,113 Cr and a net profit of 128 Cr, with a market cap of INR 19,064 Cr.

Overview: <BR>Elgi Equipments Ltd is engaged in the manufacture and trading of air compressors and provides after-sales services, operating within the Compressors, Pumps & Diesel Engines industry and categorized as a Small Cap company.<BR><BR>History: <BR>Elgi Equipments Ltd was incorporated on March 14, 1960, initially as a Private Limited Company and converted into a Public Limited Company in 1975. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 1,113 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 128 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 19,064 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 43.00 <BR>Industry P/E: 33 <BR>Dividend Yield: 0.36% <BR>Debt-Equity: -0.18 <BR>Return on Equity: 19.77% <BR>Price to Book: 8.59 <BR><BR>Contact Details: <BR>Address: Elgi Industrial Complex III, Trichy Road Singanallur Coimbatore Tamil Nadu : 641005 <BR>Tel: 91-0422-2589555 <BR>Email: investor@elgi.com <BR>Website: http://www.elgi.com

Should I buy, sell or hold Elgi Equipments Ltd?

Are Elgi Equipments Ltd latest results good or bad?

Elgi Equipments Ltd's latest results are positive, with a consolidated net profit of ₹128 crores, a 34.45% increase quarter-on-quarter, and a 10.88% rise in net sales. The stock surged by 5.39% post-announcement, reflecting strong investor confidence in the company's growth.

Elgi Equipments Ltd's latest results are quite positive. The company reported a consolidated net profit of ₹128.00 crores for the quarter ended March 2026, which reflects a significant increase of 34.45% quarter-on-quarter and 25.49% year-on-year. Additionally, net sales reached ₹1,112.60 crores, showing a growth of 10.88% compared to the previous quarter and 12.06% year-on-year. <BR><BR>The operating margin also improved, reaching 15.66%, which is the highest in recent quarters, indicating effective cost management and operational efficiency. The return on capital employed (ROCE) is strong at 27.02%, and the return on equity (ROE) stands at 19.40%, showcasing the company's ability to generate good returns on its investments.<BR><BR>Following the results announcement, the stock surged by 5.39%, reflecting strong investor confidence in the company's growth trajectory. Overall, the financial performance indicates a strong recovery and growth momentum for Elgi Equipments as it enters the next fiscal year.

When is the next results date for Elgi Equipments Ltd?

Elgi Equipments Ltd will announce its results on 27 May 2026.

Elgi Equipments Ltd is scheduled to declare its results on 27 May 2026.

How has been the historical performance of Elgi Equipments?

Elgi Equipments has shown consistent growth in net sales and profits, with net sales increasing from 1,829.39 crore in March 2020 to 3,510.45 crore in March 2025, and profit after tax rising to 344.64 crore. The company's earnings per share improved from 2.69 to 11.04 during the same period, reflecting strong financial performance.

Answer:<BR>The historical performance of Elgi Equipments shows a consistent growth in net sales and profits over the years, with a notable increase in the most recent fiscal year.<BR><BR>Breakdown:<BR>Elgi Equipments has demonstrated a steady increase in net sales, rising from 1,829.39 crore in March 2020 to 3,510.45 crore in March 2025. This growth is reflected in the total operating income, which also increased from 1,829.39 crore in March 2020 to 3,510.45 crore in March 2025. The operating profit (PBDIT) has shown a positive trend, reaching 582.69 crore in March 2025, despite fluctuations in previous years. Profit before tax reached 476.15 crore in March 2025, while profit after tax was recorded at 344.64 crore. The earnings per share (EPS) increased to 11.04 in March 2025 from 2.69 in March 2020, indicating improved profitability per share. On the balance sheet, total assets grew significantly from 1,539.01 crore in March 2020 to 3,006.90 crore in March 2025, while total liabilities also increased, reflecting the company's expansion. Cash flow from operating activities improved to 287 crore in March 2024, contributing to a net cash inflow of 104 crore for that year. Overall, Elgi Equipments has shown robust growth in sales, profits, and asset base over the years.

Is Elgi Equipments technically bullish or bearish?

As of November 7, 2025, Elgi Equipments is in a bearish trend across multiple time frames, with bearish signals from MACD, Bollinger Bands, and daily moving averages, despite a mildly bullish indication from Dow Theory, and it has underperformed the Sensex significantly with a year-to-date return of -17.60%.

As of 7 November 2025, the technical trend for Elgi Equipments has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from multiple time frames. The MACD is bearish on both the weekly and monthly charts, and Bollinger Bands also reflect a bearish outlook in the same time frames. Daily moving averages confirm the bearish trend. Although the Dow Theory shows a mildly bullish signal on the weekly chart, it is outweighed by the overall bearish indicators. The stock has underperformed significantly compared to the Sensex over various periods, particularly with a year-to-date return of -17.60% versus the Sensex's +6.50%.

Who are the top shareholders of the Elgi Equipments?

The top shareholders of Elgi Equipments include Dark Horse Portfolio Investment Private Limited with 20.1%, Pari Washington India Master Fund, Ltd. at 6.97%, and individual investors collectively owning 20.82%. Additionally, foreign institutional investors hold 29.09%, while 15 mutual fund schemes account for 3.48% of the shares.

The top shareholders of Elgi Equipments include a mix of institutional and individual investors. The largest promoter is Dark Horse Portfolio Investment Private Limited, holding 20.1% of the shares. Among public shareholders, Pari Washington India Master Fund, Ltd. holds 6.97%. Additionally, individual investors collectively own 20.82% of the company. In terms of institutional holdings, 15 mutual fund schemes hold a total of 3.48%, while foreign institutional investors (FIIs) account for 29.09% of the shares, represented by 154 different FIIs.

Is Elgi Equipments overvalued or undervalued?

As of April 15, 2025, Elgi Equipments is considered very expensive and overvalued with a PE ratio of 47.88 and an EV to EBITDA of 31.31, despite strong ROCE and ROE, while its year-to-date performance has lagged behind the Sensex.

As of 15 April 2025, Elgi Equipments has moved from expensive to very expensive in its valuation grade. The company is currently considered overvalued. Key ratios include a PE ratio of 47.88, an EV to EBITDA of 31.31, and a PEG ratio of 3.90, all of which indicate a premium valuation compared to its peers. <BR><BR>In comparison, KSB has a PE of 59.09 and an EV to EBITDA of 42.75, while Kirl. Brothers shows a PE of 33.48 and an EV to EBITDA of 22.29, suggesting that Elgi Equipments is trading at a higher valuation despite its strong ROCE of 29.27% and ROE of 18.77%. Additionally, the company's recent performance has lagged behind the Sensex, with a year-to-date return of -8.19% compared to the Sensex's 5.63%.

What is the bonus history of the Elgi Equipments?

Elgi Equipments has issued bonus shares twice, with a 1:1 bonus announced on September 24, 2020, and another 1:1 bonus on December 14, 2010, demonstrating a consistent practice of rewarding shareholders.

Elgi Equipments has a history of issuing bonuses, with two notable instances. The most recent bonus was a 1:1 issue announced with an ex-date of September 24, 2020, and the record date was September 26, 2020. Prior to that, the company also issued a 1:1 bonus on December 14, 2010, with a record date of December 17, 2010. This indicates that Elgi Equipments has consistently rewarded its shareholders through bonus shares in the past.

Has Elgi Equipments declared dividend?

Yes, Elgi Equipments Ltd has declared a dividend of 200%, amounting to ₹2 per share, with an ex-date of July 24, 2024. While recent returns have been negative, the company has shown substantial growth in price returns over the longer term, particularly a 573% increase over the last 5 years.

Elgi Equipments Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 200%<BR>- Amount per share: 2 per share<BR>- Ex-date: 24 Jul 24<BR><BR>Dividend Yield: 0.37%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -17.81%, with no dividend return, resulting in a total return of -17.81%.<BR><BR>Over the past year, the price return was -12.9%, with a dividend return of 0.33%, leading to a total return of -12.57%.<BR><BR>In the 2-year period, the price return was -1.03%, with a dividend return of 0.75%, culminating in a total return of -0.28%.<BR><BR>For the 3-year period, the price return was 41.35%, with a dividend return of 1.37%, resulting in a total return of 42.72%.<BR><BR>Over the last 4 years, the price return was 148.37%, with a dividend return of 2.83%, leading to a total return of 151.2%.<BR><BR>In the 5-year period, the price return was 573.0%, with a dividend return of 8.29%, resulting in a total return of 581.29%.<BR><BR>Overall, Elgi Equipments has declared a significant dividend, and while recent returns have been negative in shorter periods, the longer-term performance shows substantial growth, particularly in price returns over the last 5 years.