MarketFriction

Elgi Equipments Ltd

NSE ELGIEQUIP · BSE 522074 · Compressors, Pumps & Diesel Engines
₹584.65 -3.97%
NSE close2026-10-01
52 week range408.25 - 653.40
Market cap₹18,851 Cr.
P/E40.6
Nifty 500Smallcap 250 Price band 20% Delivery 48.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8068228668018698489938679681,0031,1131,062
Expenses663692741687727728843746828860940907
Operating Profit143129125114142119150121140144173155
OPM %18%16%14%14%16%14%15%14%14%14%16%15%
Other Income131315141615182355112215
Interest7810986877566
Depreciation191920191919201921212525
Profit before tax130114110100131111140118167129164140
Tax %30%27%31%27%28%27%27%27%27%26%22%26%
Net Profit9184767395811028612195128103
EPS in Rs2.882.652.412.302.992.543.222.703.833.004.043.26
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,4011,3701,6041,8631,8291,9242,5253,0413,2183,5103,9514,146
Expenses1,2741,2291,4261,6691,6921,7072,2272,6042,7272,9823,3683,534
Operating Profit127141178194138217298437491529583612
OPM %9%10%11%10%8%11%12%14%15%15%15%15%
Other Income61410111425541756063110103
Interest1497111715152434343024
Depreciation444544516574747877768692
Profit before tax7510013714470153263510440482577599
Tax %32%26%30%28%39%33%32%27%29%27%25%
Net Profit51749510343102178371312350430448
EPS in Rs1.612.343.013.251.343.235.6311.709.8511.0513.5714.13
Dividend Payout %31%21%20%20%61%25%20%17%20%20%20%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%15%9%16%
Compounded Profit Growth22%31%11%28%
Stock Price CAGR20%24%5%23%
Return on Equity17%20%20%19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161616161616323232323232
Reserves4785305916737557538381,0011,3391,5801,8342,200
Borrowings367304251266238448465436577638577533
Other Liabilities296256250298366334430491531558594773
Total Liabilities1,1561,1061,1081,2531,3751,5511,7651,9592,4792,8073,0373,538
Fixed Assets454462441440504600572553587587592699
CWIP10242644731053136
Investments1515151514122431374181165
Other Assets6776276487958519351,1651,3671,8522,1702,3122,539
Total Assets1,1561,1061,1081,2531,3751,5511,7651,9592,4792,8073,0373,538
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity78126126471723524069166285391454
Cash from Investing Activity-17-16-39-53-107-152-1102-217-101-283-98
Cash from Financing Activity-52-100-77-10-6091-48-8160-79-217-312
Net Cash Flow10109-175-2582-118105-10943
Free Cash Flow55103987120-621144109243298348
CFO/OP106%119%102%49%114%57%124%49%65%92%100%103%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days696665787269766866676367
Inventory Days13210610911099128122130143145129134
Days Payable8279838687781038675807287
Cash Conversion Cycle11992911028311995112135132121114
Working Capital Days283436393836233628273042
ROCE %8%11%13%16%16%8%13%19%24%22%22%22%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters31.19%31.19%31.19%31.19%31.19%31.19%31.19%31.19%31.19%31.19%31.19%31.19%
FIIs28.82%29.02%29.54%29.47%29.40%29.40%29.09%27.62%26.12%23.11%22.20%21.90%
DIIs4.84%4.92%4.97%5.00%5.04%5.07%4.98%5.23%6.24%8.08%9.08%10.12%
Public34.96%34.70%34.12%34.11%34.17%34.16%34.36%35.58%36.06%37.26%37.00%36.30%
Others0.18%0.16%0.16%0.23%0.17%0.18%0.38%0.38%0.38%0.35%0.53%0.49%
No. of Shareholders58,12656,75455,15054,98863,56865,97768,53376,95179,97192,46589,69589,318

Fundamentals

Market Cap₹ 18,851 Cr.
Current Price₹ 595
Stock P/E40.6
Book Value₹ 70.4
ROCE22.1 %
ROE19.0 %
Dividend Yield0.45 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)16%
Compounded Profit Growth (TTM)28%
Consolidated figures.
Valuation
Market capRs 18,533 Cr
Enterprise valueRs 18,349 Cr
P/E (TTM)41.38x
Price to book8.30x
Price to sales4.47x
EV / EBITDA25.66x
EV / EBIT29.44x
EV / sales4.43x
Price to cash flow40.87x
Earnings yield2.42%
Dividend yield0.46%
P/E, 3-year average46.38x
P/B, 3-year average8.89x
P/E, 5-year average45.25x
P/B, 5-year average9.07x
Profitability
Operating margin (excl. other income)14.76%
Operating margin (incl. other income)17.53%
EBITDA margin17.24%
Pre-tax margin14.45%
Net profit margin10.80%
Net margin, latest quarter9.73%
ROE21.00%
ROCE23.31%
ROA13.09%
ROE, 3-year average20.69%
ROCE, 3-year average22.64%
ROA, 3-year average12.29%
ROE, 5-year average22.34%
ROCE, 5-year average23.81%
ROA, 5-year average12.63%
ROIC (approx.)22.69%
Tax rate25.49%
Other income / net worth4.91%
Growth
Sales growth (latest year)12.54%
Profit growth (latest year)22.84%
Sales CAGR, 3 years9.12%
Sales CAGR, 5 years15.48%
Profit CAGR, 3 years5.08%
Profit CAGR, 5 years33.23%
Sales growth QoQ-4.53%
Profit growth QoQ-19.30%
Sales growth YoY (latest quarter)22.56%
Profit growth YoY (latest quarter)20.68%
Per share
EPS (TTM)Rs 14.13
EPS (latest year)Rs 13.57
EPS (latest quarter)Rs 3.26
EPS, 3-year averageRs 11.49
EPS, 5-year averageRs 10.36
Book value per shareRs 70.41
Sales per shareRs 130.79
Cash flow per shareRs 14.31
Free cash flow per shareRs 10.98
Dividend per share (latest year)Rs 2.70
Dividend per share, 3-year averageRs 2.30
Dividend per share, 5-year averageRs 2.01
Dividends
Dividend payout19.90%
Dividend payout, 3-year average20.04%
Dividend payout, 5-year average19.53%
Efficiency
Asset turnover1.12x
Fixed asset turnover5.65x
Inventory turnover3.10x
Inventory days118 days
Debtor days67 days
Debtors turnover5.46x
Creditor days87 days
Cash conversion cycle114 days
Working capital days42 days
Leverage
Total debtRs 533 Cr
Cash and bankRs 718 Cr
Net debtRs -185 Cr
Debt to equity0.24x
Net debt / EBITDA-0.26x
Interest coverage25.86x
Current ratio (filing 2026-03-31)2.08x
Quick ratio (filing 2026-03-31)1.49x
Trade payables (filing 2026-03-31)Rs 460 Cr
Owners' fund to total sources63.08%
Debt to assets15.07%
Cash flow
Cash from Operating Activity (latest year)Rs 454 Cr
Cash from Investing Activity (latest year)Rs -98 Cr
Cash from Financing Activity (latest year)Rs -312 Cr
Net Cash Flow (latest year)Rs 43 Cr
Free cash flow (latest year)Rs 348 Cr
FCFE (approx.: FCF + change in debt)Rs 304 Cr
Cash from ops / profit, 5 years0.83x
Sales to cash flow8.71x
Statement figures
Net sales (TTM)Rs 4,146 Cr
Net sales (latest year)Rs 3,951 Cr
Sales (latest quarter)Rs 1,062 Cr
Operating profit excl. other income (latest year)Rs 583 Cr
Operating profit (latest quarter)Rs 155 Cr
Other income (TTM)Rs 103 Cr
EBITDA (TTM)Rs 715 Cr
PBDT (TTM)Rs 691 Cr
Profit before tax (TTM)Rs 599 Cr
Tax (latest year)Rs 147 Cr
Net profit (TTM)Rs 448 Cr
Net profit (latest year)Rs 430 Cr
Net profit (latest quarter)Rs 103 Cr
Depreciation (TTM)Rs 92 Cr
Depreciation (latest quarter)Rs 25 Cr
Interest (TTM)Rs 24 Cr
Cost of goods sold (latest year)Rs 2,205 Cr
Total expenditure (latest year)Rs 3,368 Cr
Total income (latest year)Rs 4,060 Cr
Share capitalRs 32 Cr
ReservesRs 2,200 Cr
Shareholders' fundsRs 2,232 Cr
Total assetsRs 3,538 Cr
Net blockRs 699 Cr
Capital work in progressRs 136 Cr
InvestmentsRs 165 Cr
ReceivablesRs 724 Cr
InventoryRs 711 Cr
Other liabilitiesRs 773 Cr
Shares outstanding (crore)31.70
Ownership
Promoter holding31.19% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 41.4 is at the 15th percentile of its own 9.4-year range (median 51.5, low 17.2, high 158.8).
P/B 8.30 is at the 50th percentile (median 8.19).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodELGIEQUIPNifty 50Difference
1 week-4.0%-2.8% -1.2 pts
1 month-7.0%-6.8% -0.2 pts
3 months+1.1%-7.6% +8.7 pts
6 months+25.2%+0.4% +24.7 pts
1 year+18.0%-9.9% +27.9 pts
2 years-17.3%-13.6% -3.7 pts
3 years+14.4%+14.2% +0.2 pts
5 years+187.8%+27.9% +159.9 pts
66 mutual fund schemes hold about ₹1,906 Cr. Over three months 19 bought more and 9 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Small Cap Fund1.47%627 -2%
SBI Multicap Fund2.05%502 -11%
Nippon India Small Cap Fund0.17%138 +100%
Mirae Asset Multicap Fund1.79%100 +10%
Mirae Asset Small Cap Fund1.17%67 -7%
Nippon India Power & Infra Fund0.79%64 +31%
SBI Infrastructure Fund1.30%63 +5%
ICICI Pru Small Cap Fund0.48%47 +100%
ICICI Pru Small Cap Fund0.48%46 +100%
Mahindra Manulife Focused Fund2.15%45 +8%
JioBlackRock Flexi Cap Fund0.88%29 -12%
Nippon India Nifty Smallcap 250 Index Fund0.61%21 +0%
WOC Flexi Cap Fund0.21%19 +22%
WOC Mid Cap Fund0.25%19 +100%
ICICI Pru Children's Fund1.27%18 +100%
Mahindra Manulife Flexi Cap Fund0.71%11 +2%
SBI Nifty Smallcap 250 Index Fund0.61%11 -0%
WOC Multi Cap Fund0.23%9 +16%
Mahindra Manulife ELSS Tax Saver Fund0.89%8 +3%
Motilal Oswal Nifty Smallcap 250 Index Fund0.61%8 -0%
DSP Nifty Smallcap250 Quality 50 Index Fund2.16%7 +4%
ICICI Pru Multi Cap Fund0.03%5 -5%
ICICI Pru Multi Cap Fund0.03%5 -5%
ICICI Pru Nifty Smallcap 250 Index Fund0.61%5 +0%
HDFC NIFTY Smallcap 250 Index Fund0.61%5 +0%

Red flags

F-score 6 of 8
lookAuditor change Auditor change 2026-05-27: Elgi Equipments Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2024-07-01Dark Horse Portfolio Investment PrPromoter Groupother10,310,972Rs 757.24 CrScheme of Amalgamation/M
2022-06-15SUDARSAN VARADARAJPromoter Groupother204,984Pledge Creation
2022-06-08SURYAVARADH SERCURITIES PVT LTDOthersell5,000Rs 0.20 CrMarket Sale
2022-05-20Varshini VaradarajPromoter Groupother78,588Rs 2.65 CrGift
2022-05-20Sudarsan VaradarajPromoter Groupother78,588Rs 2.65 CrGift
2022-05-18ELGI RUBBER COMPANY LIMITEDPromoter Groupother664,160Rs 21.72 CrPledge Creation
2022-03-31Elgi Ultra Industries LimitedPromoter Groupother1,847,760Rs 51.79 CrScheme of Amalgamation/M
2021-12-29ELGI EQUIPMENTS LIMITED EMPLOYEES Otherbuy232,500Rs 6.83 CrMarket Purchase
2021-12-29L G BALAKRISHNAN & BROS.Othersell232,500Rs 6.78 CrMarket Sale
2021-09-23Sudarsan VaradarajPromoter Groupother200,000Rs 4.14 CrGift
2021-09-23JAIRAM VARADARAJPromotersother200,000Rs 4.14 CrGift
2021-09-16Gayathri BalajiPromoter Groupother33,000Rs 0.70 CrGift
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,062 Cr +22.5% vs Jun 2025. Net profit ₹103 Cr +19.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 2.70 Per Share
2025-07-18Dividend - Rs 2.20 Per Share
2024-07-24Annual General Meeting/Dividend - Rs 2 Per Share
2023-07-28Dividend - Rs 2 Per Share
2022-08-04Annual General Meeting/Dividend - Rs 1.15 Per Share
2021-07-23 Annual General Meeting/Dividend - Rs 0.80 Per Share
2020-09-24 Bonus 1:10.5000
2020-08-06 Annual General Meeting
2020-03-18 Interim Dividend - Rs 1.65 Per Share
2019-07-25 Annual General Meeting/ Dividend - Rs 1.30 Per Share
2018-08-02 Annual General Meeting/Dividend- Rs 1.20 Per Share
2017-07-20 Annual General Meeting/Dividend Re 1/- Per Share
2016-07-21 Annual General Meeting/ Dividend - Re 1/- Per Share
2015-07-23Annual General Meeting/Dividend - Re 1/- Per Share
2014-09-08Annual General Meeting / Final Dividend - Re 1/- Per Share
2013-07-18Annual General Meeting And Dividend Re.1/- Per Share
2012-07-19Annual General Meeting And Dividend - Re.1/- Per Share
2011-07-13Annual General Meeting And Dividend Re.1/- Per Share
2010-12-14Bonus 1:10.5000
2010-05-10Int Div-Rs.1.25 Per Share
2009-11-12Int Div-Re.0.75 Per Share
2009-07-13Dividend-Rs.1.30 Pr Share
2008-07-11Agm/Dividend - 60%
2007-11-15Interim Dividend-60% Purpose Revised
2007-07-16Agm/Div - Rs .50 Per Sh
2006-11-02Interim Dividend-50% Purpose Revised
2006-07-12Final Dividend-60%
DateTypeWhat it says
2026-09-13Credit RatingCredit Rating
2026-09-04Diversification/DisinvestmenDiversification/Disinvestment
2026-09-01AppointmentAppointment of Mr Vikas Thiruvalluru as Senior Management Personnel of the company w.e.f. September 01, 2026.
2026-08-29General UpdatesGeneral Updates
2026-08-25Credit RatingCredit Rating
2026-08-20AcquisitionAcquisition
2026-08-20Concall / analyst meetTranscript
2026-08-20Press ReleaseA press release dated August 20, 2026, titled "VAYU Launches in India, Bringing Made-in-India Compressed Air Solutions to Growing Manufacturers".
2026-08-14Concall / analyst meetLink of Recording
2026-08-14Shareholder meetingVoting results.
2026-08-14Shareholder meetingProceedings of Annual General Meeting held on August 14, 2026
2026-08-14Concall / analyst meetPresentation
2026-08-13Press ReleaseA press release dated August 13, 2026, titled "Press Release - Results- 30.06.2026".
2026-08-13Board meeting outcomeElgi Equipments Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-24Capacity additionCapacity addition
2026-07-22Concall / analyst meetSchedule of meet
2026-07-20General UpdatesGeneral Updates - pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, the Company has sent a letter containing a web-link, including the ...
2026-07-20Shareholder meetingNotice of Annual General Meeting to be held on August 14, 2026
2026-07-16General UpdatesGeneral Updates
2026-07-11Diversification/DisinvestmenDivestment
2026-06-11General UpdatesGeneral Updates
2026-06-09Concall / analyst meetOutcome of One-on-One Physical analyst meet
2026-06-04Concall / analyst meetSchedule of meet - One-on-One Physical analyst meet
2026-06-03Concall / analyst meetTranscript
2026-05-29Concall / analyst meetLink of Recording
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Elgi Equipments Ltd?

Elgi Equipments Ltd (ELGIEQUIP) has a market capitalisation of Rs 18,851 Cr. at the 2026-10-01 close.

What is the P/E ratio of Elgi Equipments Ltd?

Elgi Equipments Ltd trades at a P/E of 40.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Elgi Equipments Ltd's latest quarterly results?

In the Jun 2026 quarter, Elgi Equipments Ltd sales was Rs 1,062 Cr (+22.5% vs Jun 2025) and net profit was Rs 103 Cr.

What is the 52-week high and low of Elgi Equipments Ltd?

The 52-week high is Rs 653.40 and the 52-week low is Rs 408.25.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03