Sharescart Research Club logo

Elgi Equipments Overview

Elgi Equipments Ltd is an India-based enterprise, that is engaged in manufacturing and trading of air compressors. The Company's section consists of Air compressors and Automotive equipments. It gives a number of compressors, which incorporates piston compressor, oil free compressor, high pressure compressor, diesel engine compressor, portable compressor, screw air compressor and air compressor accessories. Its diesel portable compressor products encompass skid established compressors 475 to 1500 cfm, skid hooked up compressors 475 to 1500 cubi...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Elgi Equipments Key Financials

Market Cap ₹13923 Cr.

Stock P/E 39.8

P/B 6.9

Current Price ₹439.4

Book Value ₹ 63.4

Face Value 1

52W High ₹608.3

Dividend Yield 0.5%

52W Low ₹ 390.1

Elgi Equipments Share Price

₹ | |

Volume
Price

Elgi Equipments Quarterly Price

Show Value Show %

Elgi Equipments Peer Comparison

Elgi Equipments Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 724 806 822 866 801 869 848 993 867 968
Other Income 18 12 11 15 14 14 13 17 20 51
Total Income 741 818 833 881 815 883 861 1010 886 1019
Total Expenditure 635 663 692 741 687 727 728 843 746 828
Operating Profit 106 154 141 140 128 156 133 167 141 191
Interest 5 7 8 10 9 8 6 8 7 7
Depreciation 19 19 19 20 19 19 19 20 19 21
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 83 129 113 110 100 128 109 139 115 164
Provision for Tax 25 39 30 34 27 36 30 38 32 46
Profit After Tax 58 90 82 77 73 92 79 101 83 118
Adjustments 3 1 2 -0 0 2 2 1 3 3
Profit After Adjustments 60 91 84 77 73 95 81 102 86 121
Adjusted Earnings Per Share 1.9 2.9 2.6 2.4 2.3 3 2.5 3.2 2.7 3.8

Elgi Equipments Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1314 1401 1370 1605 1863 1829 1924 2525 3041 3218 3510 3676
Other Income 10 9 12 11 10 13 23 55 67 55 58 101
Total Income 1324 1410 1382 1617 1873 1843 1948 2580 3108 3273 3568 3776
Total Expenditure 1225 1274 1229 1428 1670 1692 1707 2229 2604 2727 2982 3145
Operating Profit 100 136 153 189 203 151 241 351 504 546 587 632
Interest 17 14 9 7 11 17 15 15 24 34 35 28
Depreciation 37 44 45 44 51 65 74 74 78 77 76 79
Exceptional Income / Expenses 22 -4 0 -3 0 0 0 0 105 0 0 0
Profit Before Tax 68 75 100 137 144 70 153 263 510 440 482 527
Provision for Tax 20 24 26 41 40 27 50 85 140 128 131 146
Profit After Tax 48 51 74 95 103 43 102 178 371 312 350 381
Adjustments 0 0 0 0 0 0 0 0 0 0 0 9
Profit After Adjustments 48 51 74 95 103 43 102 178 371 312 350 390
Adjusted Earnings Per Share 1.5 1.6 2.3 3 3.3 1.3 3.2 5.6 11.7 9.8 11 12.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 9% 12% 14% 10%
Operating Profit CAGR 8% 19% 31% 19%
PAT CAGR 12% 25% 52% 22%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -22% 5% 22% 22%
ROE Average 20% 24% 21% 15%
ROCE Average 23% 26% 23% 17%

Elgi Equipments Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 493 546 607 689 771 769 870 1033 1371 1611 1866
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 169 139 97 60 76 103 81 58 22 20 7
Other Non-Current Liabilities 21 13 11 7 7 37 53 51 57 52 52
Total Current Liabilities 473 408 393 496 521 630 749 806 1021 1104 1082
Total Liabilities 1156 1106 1108 1253 1375 1539 1752 1947 2470 2787 3007
Fixed Assets 454 462 437 424 488 583 555 536 583 582 587
Other Non-Current Assets 31 24 33 51 63 59 64 77 64 85 143
Total Current Assets 671 620 638 778 824 897 1111 1310 1824 2116 2276
Total Assets 1156 1106 1108 1253 1375 1539 1752 1947 2470 2787 3007

Elgi Equipments Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 69 62 73 82 65 70 46 127 116 125 229
Cash Flow from Operating Activities 78 126 126 47 172 35 240 69 166 285 391
Cash Flow from Investing Activities -17 -15 -39 -53 -107 -152 -110 2 -217 -101 -283
Cash Flow from Financing Activities -52 -100 -77 -10 -60 91 -48 -81 60 -79 -217
Net Cash Inflow / Outflow 10 11 9 -17 5 -25 82 -11 8 105 -109
Closing Cash & Cash Equivalent 78 73 82 65 70 46 128 116 125 229 120

Elgi Equipments Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.52 1.61 2.34 3.01 3.25 1.34 3.23 5.63 11.7 9.85 11.05
CEPS(Rs) 2.67 2.98 3.74 4.39 4.87 3.4 5.58 7.98 14.15 12.26 13.44
DPS(Rs) 1 1 1 1.2 1.3 1.65 0.8 1.15 2 2 2.2
Book NAV/Share(Rs) 15.57 17.24 19.15 21.74 24.33 24.27 27.44 32.54 43.21 50.73 58.66
Core EBITDA Margin(%) 6.58 8.65 9.79 10.94 10.4 7.52 11.29 11.73 14.38 15.25 15.07
EBIT Margin(%) 6.27 6.09 7.63 8.87 8.29 4.74 8.72 11.01 17.58 14.74 14.7
Pre Tax Margin(%) 5.02 5.14 6.99 8.42 7.7 3.8 7.94 10.42 16.78 13.69 13.72
PAT Margin (%) 3.53 3.47 5.15 5.87 5.53 2.33 5.33 7.07 12.19 9.7 9.98
Cash Profit Margin (%) 6.22 6.45 8.25 8.57 8.27 5.89 9.19 10.02 14.75 12.08 12.14
ROA(%) 4.15 4.5 6.69 8.07 7.84 2.92 6.23 9.65 16.79 11.87 12.09
ROE(%) 10.05 9.8 12.83 14.71 14.12 5.53 12.51 18.77 30.89 20.96 20.2
ROCE(%) 10.29 10.44 12.85 15.88 15.73 7.96 13.74 20.82 32.59 23.46 22.86
Receivable days 65.21 61.88 62.87 65.89 69.57 71.2 70.81 63.01 61.37 64.85 62.44
Inventory Days 69.54 61.23 57.32 56.22 54.09 62.06 65.08 59.69 65.15 69.45 63.98
Payable days 77.47 72.67 82.17 77.47 81.41 84.75 88.37 81.71 75.28 76.68 72.48
PER(x) 48.1 40.32 46.38 42.36 37.58 41.65 58.81 49.65 37.57 61.09 43.71
Price/Book(x) 4.69 3.76 5.66 5.86 5.02 2.31 6.93 8.59 10.17 11.86 8.23
Dividend Yield(%) 0.68 0.77 0.46 0.47 0.53 1.47 0.42 0.41 0.46 0.33 0.46
EV/Net Sales(x) 1.98 1.62 2.61 2.61 2.15 1.14 3.2 3.57 4.63 5.86 4.25
EV/Core EBITDA(x) 26.11 16.73 23.4 22.2 19.67 13.87 25.61 25.66 27.93 34.54 25.43
Net Sales Growth(%) -2.68 6.59 -2.19 17.17 16.08 -1.83 5.17 31.22 20.44 5.82 9.09
EBIT Growth(%) 1.52 4.51 24.7 31.15 7.3 -43.81 93.25 65.74 92.28 -11.26 8.81
PAT Growth(%) 5.61 5.89 49 28.76 8.17 -58.7 140.76 74.1 107.82 -15.83 12.21
EPS Growth(%) 5.61 5.89 45.29 28.76 8.17 -58.7 140.74 74.1 107.82 -15.86 12.21
Debt/Equity(x) 0.74 0.56 0.41 0.39 0.31 0.53 0.46 0.36 0.37 0.35 0.26
Current Ratio(x) 1.42 1.52 1.62 1.57 1.58 1.42 1.48 1.63 1.79 1.92 2.1
Quick Ratio(x) 0.86 0.97 1.05 1.02 1.05 0.88 1.03 1.03 1.2 1.35 1.54
Interest Cover(x) 5.01 6.4 11.77 19.52 14.09 5.04 11.2 18.6 22.14 13.99 14.96
Total Debt/Mcap(x) 0.16 0.15 0.07 0.07 0.06 0.23 0.07 0.04 0.04 0.03 0.03

Elgi Equipments Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 31.19 31.19 31.19 31.19 31.19 31.19 31.19 31.19 31.19 31.19
FII 27.89 28.09 28.59 28.51 28.44 28.43 28.12 26.84 25.37 22.36
DII 5.77 5.86 5.93 5.96 6.01 6.04 5.95 6 6.99 8.83
Public 35.15 34.86 34.28 34.34 34.36 34.33 34.74 35.96 36.44 37.61
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Elgi Equipments News

Elgi Equipments Pros & Cons

Pros

  • Company has delivered good profit growth of 52% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Debtor days have improved from 76.68 to 72.48days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 31.19%.
  • Stock is trading at 6.9 times its book value.
whatsapp