ELGI Equipments Limited (IN:ELGIEQUIP)
:ELGIEQUIP
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ELGI Equipments Limited
(ELGIEQUIP)
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Rating:66Neutral
Price Target:
₹598.00
▲(26.53% 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
Operating cash flow strength
Consistent operating cash flow growth and positive free cash flow indicate the business reliably converts earnings into cash. This supports reinvestment in manufacturing, service networks and product development, while providing flexibility for deleveraging or strategic investments over the medium term.
Negative Factors
Moderate leverage
A moderate debt-to-equity profile implies ongoing fixed financing obligations that can limit financial flexibility. In a downturn or if capex needs spike, servicing debt could constrain reinvestment or acquisitions and heighten refinancing risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash flow strength
Consistent operating cash flow growth and positive free cash flow indicate the business reliably converts earnings into cash. This supports reinvestment in manufacturing, service networks and product development, while providing flexibility for deleveraging or strategic investments over the medium term.
Read all positive factors
ELGI Equipments Limited (ELGIEQUIP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹175.54B
Dividend Yield0.47%
Average Volume (3M)18.01K
Price to Earnings (P/E)39.3
Beta (1Y)1.31
Revenue Growth13.23%
EPS Growth24.72%
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)15.4
Revenue Forecast (FY)₹44.17B
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 makes money primarily by selling air compressors and associated compressed-air equipment to industrial and commercial customers. A significant portion of earnings typically comes from aftermarket revenue tied to the installed base—spare parts...
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
501.78
Positive
485.38
Positive
496.58
Positive
Market Momentum
10.78
Negative
70.88
Negative
96.23
Negative
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 492.66, below the 50-day MA of 501.78, and below the 200-day MA of 496.58, indicating a bullish trend. The MACD of 10.78 indicates Negative momentum. The RSI at 70.88 is Negative, neither overbought nor oversold. The STOCH value of 96.23 is Negative, 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹97.78B | 26.36 | ― | 0.97% | 8.94% | 21.12% | |
69 Neutral | ₹182.30B | 46.44 | ― | 0.75% | 5.90% | 0.71% | |
67 Neutral | ₹79.92B | 24.01 | ― | 0.59% | -0.51% | -4.93% | |
66 Neutral | ₹175.54B | 39.31 | ― | 0.47% | 13.23% | 24.72% | |
66 Neutral | ₹139.34B | 38.39 | ― | 2.34% | 6.49% | -1.84% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹170.03B | 48.57 | ― | 0.51% | 6.42% | 9.26% |
* Industrials Sector Average
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ELGI Equipments Limited Corporate Events
Elgi Equipments Publishes Video of 2026 Analyst and Investor Meet
Feb 27, 2026
Elgi Equipments Limited has notified the stock exchanges that the video recording of its Annual Analysts and Investors Meet 2026, held on February 26, 2026, is now available on the company’s website in the investor analyst conferences sectio...
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.