Elgi Equipments Limited is a company that operates in the manufacturing of compressors and has a market capitalization of Rs 6,222.51 Crores on 24th August '2021. In 1960, it became a corporation as a private limited company by the name “Elgi Equipments” and was converted into a public limited company in 1975. At the end of the financial year 2021, it registered combined revenue of Rs 1,947.55 Crores. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 522074 and scrip code ELGIEQUIP. As of 24th August ‘2021, Elgi Equipments limited is trading at Rs. 196.65.
It has 24 subsidiaries and seven joint venture/associate entities. As of 31st March ‘2021, it has three subsidiaries, ATS Elgi Limited, Rotair SPA, and Pattons Inc, whose net worth exceeds 10% of the consolidated net worth of the holding company within the immediately preceding year or has generated 10% of the consolidated income of the corporate during the previous FY. There are more than 2000 employees who worked on the payroll, including its subsidiaries, and more than 600 employees were hired on a contractual basis. All the manufacturing plants were certified for ISO 14001:2015 Standard (Environment Management System), ISO 14024:2018 (Green product certification), ISO 45001:2018 Standards (Safety Management System), and ISO 50001:2011 (Energy Management System) with TUV Nord. The promoters and promoter’s group holds 31.91% of the stake in the company, and the rest, 68.09%, is owned by the others (FII, Employees, public shareholding, etc.).
For the financial year ending on March 2021, total revenue was Rs 1,947.55 Crores, up 5.70% from Rs 1,842.61 Crores in March 2020. Annually Net Profit in March 2021 was Rs. 102.49 Crores, up 140.76% from Rs. 42.57 Crores in March 2020. In March 2021, the operating profit margin increased to 8.56% from 4.58% in March 2020. From Rs. 2.69 in March 2020, Elgi Equipments Limited’s EPS has risen to Rs. 3.24 in March 2021. Also, the company’s net-debt position reduced significantly in 2020-21. While the net opening debt was 2599 million, Elgi Equipments limited closed the year with net debt of 925 million. Elgi Equipment Limited’s stock is trading at 196.65 on 24th August ‘2021 shows a return of 16.88% in the last six months and 73.02% in the previous year.
Elgi Equipments share price as on 24 Apr 2024 is Rs. 627.9. Over the past 6 months, the Elgi Equipments share price has increased by 25.76% and in the last one year, it has increased by 30.27%. The 52-week low for Elgi Equipments share price was Rs. 428.5 and 52-week high was Rs. 714.2.
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