ELGI Equipments Limited (IN:ELGIEQUIP)
:ELGIEQUIP
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ELGI Equipments Limited
(ELGIEQUIP)
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Rating:66Neutral
Price Target:
₹585.00
▲(23.78% Upside)
Action:ReiteratedDate:10/25/25
ELGI Equipments Limited's strong financial performance is the most significant factor, reflecting robust revenue and profit growth. However, technical analysis indicates a neutral to slightly bearish trend, and the high P/E ratio suggests potential overvaluation. The low dividend yield further limits attractiveness for income-focused investors.
Positive Factors
Revenue & Margin Expansion
ELGI shows durable top-line momentum and margin improvement: reported revenue growth (Fundamentals 13.23%) and EPS growth (24.72%) alongside rising gross and operating margins. Sustained margin expansion indicates operational efficiency and pricing power that support long-term profitability.
Negative Factors
Cyclical End-Market Exposure
ELGI's end markets are industrial and capital goods sectors that move with broader economic and capex cycles. Demand for compressors and systems is sensitive to manufacturing and automotive investment trends, creating durable revenue cyclicality and potential earnings volatility through downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Expansion
ELGI shows durable top-line momentum and margin improvement: reported revenue growth (Fundamentals 13.23%) and EPS growth (24.72%) alongside rising gross and operating margins. Sustained margin expansion indicates operational efficiency and pricing power that support long-term profitability.
Read all positive factors
ELGI Equipments Limited (ELGIEQUIP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹158.33B
Dividend Yield0.47%
Average Volume (3M)18.01K
Price to Earnings (P/E)39.3
Beta (1Y)1.33
Revenue Growth9.46%
EPS Growth18.97%
CountryIN
Employees2,172
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)3.50
Shares Outstanding316,909,030
10 Day Avg. Volume15,289
30 Day Avg. Volume18,009
Financial Highlights & Ratios
PEG Ratio3.49
Price to Book (P/B)8.10
Price to Sales (P/S)4.31
P/FCF Ratio48.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹611.50Price Target Upside29.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)14.97
Revenue Forecast (FY)₹43.56B
ELGI Equipments Limited Business Overview & Revenue Model
Company Description
Elgi Equipments Limited manufactures and sells air compressors and related parts in India and internationally. It operates through two segments, Air Compressors and Automotive Equipments. The company offers oil lubricated screw and piston air comp...
How the Company Makes Money
ELGI Equipments generates revenue through the sale of a diverse range of air compressors and related products, including spare parts and maintenance services. The company's primary revenue streams consist of direct sales to end-users and distribut...
ELGI Equipments Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.75B | 35.10B | 32.18B | 30.41B | 25.25B | 19.26B |
| Gross Profit | 18.46B | 17.64B | 16.20B | 14.71B | 11.37B | 8.72B |
| EBITDA | 5.73B | 5.07B | 4.67B | 4.13B | 2.75B | 1.79B |
| Net Income | 3.90B | 3.50B | 3.12B | 3.71B | 1.78B | 1.02B |
Balance Sheet | ||||||
| Total Assets | 31.77B | 30.41B | 28.21B | 25.02B | 19.65B | 17.67B |
| Cash, Cash Equivalents and Short-Term Investments | 9.13B | 9.10B | 7.75B | 5.71B | 2.80B | 3.05B |
| Total Debt | 5.28B | 5.77B | 6.38B | 5.77B | 4.36B | 4.64B |
| Total Liabilities | 11.69B | 11.76B | 12.10B | 11.30B | 9.32B | 8.97B |
| Stockholders Equity | 20.08B | 18.66B | 16.11B | 13.71B | 10.33B | 8.70B |
Cash Flow | ||||||
| Free Cash Flow | 2.01B | 3.13B | 2.46B | 969.11M | 280.26M | 2.09B |
| Operating Cash Flow | 2.65B | 4.08B | 2.95B | 1.66B | 685.62M | 2.40B |
| Investing Cash Flow | 9.00M | -3.31B | -1.39B | -2.17B | 19.03M | -1.10B |
| Financing Cash Flow | -2.20B | -1.85B | -519.37M | 598.20M | -812.10M | -482.19M |
ELGI Equipments Limited Technical Analysis
Positive
472.60
Price Trends
491.43
Positive
484.00
Positive
496.37
Positive
Market Momentum
-2.09
Negative
55.29
Neutral
73.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ELGIEQUIP, the sentiment is Positive. The current price of 472.6 is below the 20-day moving average (MA) of 482.49, below the 50-day MA of 491.43, and below the 200-day MA of 496.37, indicating a bullish trend. The MACD of -2.09 indicates Negative momentum. The RSI at 55.29 is Neutral, neither overbought nor oversold. The STOCH value of 73.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ELGIEQUIP.
ELGI Equipments Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹144.66B | 46.44 | ― | 0.75% | 3.49% | 8.54% | |
67 Neutral | ₹76.35B | 40.77 | ― | 0.97% | 6.51% | -1.61% | |
66 Neutral | ₹158.33B | 39.31 | ― | 0.47% | 9.46% | 18.97% | |
66 Neutral | ₹119.87B | 38.39 | ― | 2.34% | 5.68% | 9.74% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹149.73B | 48.57 | ― | 0.51% | 9.50% | 14.52% | |
58 Neutral | ₹69.90B | 24.01 | ― | 0.59% | -4.14% | -35.66% |
* Industrials Sector Average
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ELGI Equipments Limited Corporate Events
Elgi Equipments Posts Audio of 2026 Analyst and Investor Meet Online
Feb 26, 2026
Elgi Equipments Limited has notified the stock exchanges that the audio recording of its 2026 Annual Analyst and Investor Meeting, held on February 26, has been made available on the company’s website for public access. By publishing the rec...
Elgi Equipments Shares Annual Analyst Meet 2026 Presentation With Markets
Feb 26, 2026
Elgi Equipments Limited has informed the stock exchanges that it will present to analysts and investors at its Annual Analyst and Investor Meet 2026, scheduled to be held today. The company has made the presentation available and indicated that th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.