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Elgi Equipments Ltd share Price Today

Company details

631.00
666.00
428.50
714.20
6M Return 30.69%
1Y Return 37.32%
Mkt Cap.(Cr) 20,296.44
Volume 706,356
Div Yield 0.31%
OI
-
OI Chg %
-
Volume 706,356

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About The Stock

    Elgi Equipments (Elgi) manufactures a wide range of air compressors (~92% of revenue) and automotive equipment (~8%).
     Elgi is the second largest player in the Indian air compressor market (~22% market share) and among the top eight players globally
     Expansion in new international markets to drive long term incremental growth (rest of the world contributed ~50% in FY22)

Q2FY22

    Elgi reported strong Q4FY22 results higher than our estimates
     Consolidated revenues came in at ₹ 727.6 crore, up 19.2% YoY
     EBITDA margins came in at 14.6% in Q4FY22 (above our estimates of 11.1%) despite higher commodity prices and operating costs
     Consequently, PAT was at ₹ 73.1 crore, up 68.5% YoY

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Industrial Machinery company Elgi Equipments announced Q1FY24 results:

  • Consolidated PAT for Q1FY24 was Rs 60.5 crore compared to Rs 48.7 crore in Q1FY23.
  • Consolidated sales for Q1FY24 were Rs 724 crore as against Rs 694 crore in Q1FY23.
  • The standalone PAT for Q1FY24 was Rs 67.1 crore compared to Rs 44.6 crore in Q1FY23.
  • The compressor business in the domestic market met the targeted numbers.
  • Business growth in Europe and Brazil was commensurate with the budget.
  • Sales realizations were affected in the USA due to temporary disruption caused by the ongoing ERP implementation.
  • Business performance in the Middle East and Africa, Australia, and South-East Asian Countries were satisfactory.
  • The automotive business achieved its targets.

 

 

Result PDF

View Other Company Results

Elgi Equipments Ltd shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth

Weakness (0)

Data not found

Opportunity (1)

  • High Volume, High Gain

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 660.6
R2 680.8
R3 695.6
Pivot

645.82

S1 625.6
S2 610.8
S3 590.6
EMA SMA
623.5
617.7
593.9
558.6
614.3
635.3
586.1
549.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
THE VANGUARD GROUP INC A/C VANGUARD EMERG. MKTS STOCK INDEXFD A SERIES OF V I E I F Bulk Purchase 2022-09-16 489.2 2809639 NSE
THE VANGUARD GROUP INC A/C VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND (P8) Bulk Purchase 2022-09-16 489.2 2729411 NSE
INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD. Bulk Sell 2022-09-16 490.64 2757923 NSE
Name Category Shares
Jairam Varadaraj PROMOTER 8.91%
Anvar Jay Varadaraj PROMOTER 0.61%
Maya Jay Varadaraj PROMOTER 0.6%
Varun Jay Varadaraj PROMOTER 0.6%
Dark Horse Portfolio Investment Private Limited PROMOTER 16.85%
Elgi Ultra Industries Private Limited PROMOTER 3.25%

OUR RESEARCH VIEW

Investment recommendation
Beat on all fronts!
Call Date
17 May 2022
Entry Price 308.00
Target Price 390.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Elgi Equipments Ltd Stocks COMPARISON

Financials( in Cr) Elgi Equipments Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd
Price 640.45 3,060.20 4,544.60 1,249.25 2,070.80
% Change 1.88 1.97 0.01 -1.98 -0.10
Mcap Cr 20,296.44 84,828.74 54,151.64 23,742.62 22,927.90
Revenue TTM Cr 3,040.70 7,772.09 8,089.81 4,654.28 2,012.76
Net Profit TTM Cr 370.81 1,228.15 450.70 441.70 295.08
PE TTM 50.40 55.40 99.00 64.51 58.52
1 Year Return 37.32 93.78 96.22 26.87 13.03
ROCE 24.20 26.89 14.53 20.69 27.49
ROE 23.77 22.53 12.25 17.04 20.97
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,380.94 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,771.53 7,735.64
LAST 3M 82,392.14 52,275.07
LAST 6M 132,482.07 84,624.18
LAST 12M 206,189.80 211,987.34
Elgi Equipments Limited - Other General Purpose

Apr 09, 2024 l NSE Announcement

Elgi Equipments Limited - Loss of Share Certificates

Apr 08, 2024 l NSE Announcement

Date Action Type Ratio
Jul 28, 2023 Dividend 200
Aug 04, 2022 Dividend 115

Elgi Equipments Ltd Information

Stock PE (TTM)
50.4
Promoter Holding
31.19%
Book Value
46.1359
ROCE
24.2%
ROE
23.77%
Description
  • 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.

Registered Address

Elgi Industrial Complex III, Trichy Road Singanallur, Coimbatore, Tamil Nadu, 641005

Tel : 91-0422-2589555
Email : investor:elgi.com
Website : http://www.elgi.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 522074
NSE Code : ELGIEQUIP
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE285A01027

FAQ’s on Elgi Equipments Ltd Shares

You can buy Elgi Equipments Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Elgi Equipments Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 12, 2024 04:05 PM the closing price of Elgi Equipments Ltd was ₹ 640.45.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 12, 2024 04:05 PM, the market cap of Elgi Equipments Ltd stood at ₹ 20,296.44.

The latest PE ratio of Elgi Equipments Ltd as of Apr 12, 2024 04:05 PM is 50.4

The latest PB ratio of Elgi Equipments Ltd as of Apr 12, 2024 04:05 PM is 0.07

The 52-week high of Elgi Equipments Ltd share price is ₹ 714.20 while the 52-week low is ₹ 428.50

According to analyst recommendations, Elgi Equipments Ltd Share has a “Buy” rating for the long term.

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