Elgi Equipments Ltd
NSE: ELGIEQUIP · Compressors, Pumps & Diesel Engines · sector
₹520.20NSE close 2026-10-26
Key numbers
Market cap₹16,486 cr
Price₹520.20
52w high / low₹653 / ₹408
P/E36.6xSector median 42.4x
P/B7.4xSector median 6.2x
Book value₹70.4
Dividend yield0.42%Sector median 0.45%
ROE21.9%Sector median 16.4%
ROCE23.4%Sector median 18.6%
OPM14.2%Sector median 14.2%
Debt / equity0.18xSector median 0.08x
EV/EBITDA27.2xSector median 22.3x
Interest cover25.6x
Current ratio2.08x
Sales growth 3y+9.1%Sector median +9.1%
Profit growth 3y+5.1%Sector median +14.8%
PEG7.02x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 13 companies in Compressors, Pumps & Diesel Engines (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹840 cr vs borrowings ₹405 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 25.6x in the last 12 months.
- 0.87% of the promoters' shares are pledged (0.3% of all shares).
- Operating cash flow was below net profit in 3 of the last 5 years (FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 26% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹520.20 on 2026-10-26: -20.4% from the 52-week high, +27.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹706.80 · low ₹402.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 869 | 848 | 993 | 867 | 968 | 1,003 | 1,113 | 1,062 |
| EBITDA | 142 | 119 | 150 | 121 | 140 | 129 | 174 | 148 |
| OPM % | 16.3% | 14.1% | 15.1% | 14.0% | 14.5% | 12.8% | 15.7% | 13.9% |
| Other income | 14 | 13 | 17 | 20 | 51 | 24 | 22 | 20 |
| Net profit | 95 | 81 | 102 | 86 | 121 | 95 | 128 | 103 |
| EPS (₹) | 2.99 | 2.55 | 3.23 | 2.71 | 3.85 | 3.01 | 4.06 | 3.28 |
| Revenue YoY | +11.4% | +18.4% | +12.1% | +22.6% | ||||
| Profit YoY | +28.2% | +18.1% | +25.5% | +20.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,525 | 3,041 | 3,218 | 3,510 | 3,951 | 4,146 |
| EBITDA | 292 | 538 | 486 | 525 | 564 | 591 |
| Net profit | 178 | 371 | 312 | 350 | 430 | 448 |
| EPS (₹) | 321.95 | 11.72 | 9.86 | 11.09 | 13.65 | 14.20 |
| Revenue growth | +20.4% | +5.8% | +9.1% | +12.5% | +15.9% | |
| Profit growth | +107.8% | -15.9% | +12.3% | +22.8% | +23.4% | |
| Dividend / share (₹) | 0.80 | 1.15 | 2.00 | 2.00 | 2.20 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +9.1% | +15.5% | +15.9% |
| Net profit | +5.1% | +33.2% | +23.4% |
| EPS | +5.2% | +24.2% | – |
| Share price | – | -9.9% (2y) | +10.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,371 | 1,611 | 1,866 | 2,232 |
| Borrowings | – | 509 | 560 | 491 | 405 |
| Cash & equivalents | – | 570 | 774 | 910 | 840 |
| Total assets | – | 2,502 | 2,821 | 3,042 | 3,546 |
| Fixed assets | – | 346 | 349 | 354 | 434 |
| Capital work in progress | – | 3 | 10 | 53 | 136 |
| Investments | – | 14 | 19 | 25 | 23 |
| Receivables | – | 551 | 603 | 608 | 724 |
| Inventory | – | 602 | 622 | 608 | 711 |
| Payables | – | 314 | 345 | 337 | 460 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 69 | 166 | 288 | 391 | 454 |
| Cash from investing | 2 | -217 | -101 | -283 | -98 |
| Cash from financing | -81 | 60 | -82 | -217 | -312 |
| Capex | 41 | 69 | 49 | 95 | 154 |
| Free cash flow | 28 | 97 | 239 | 296 | 299 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 27.0% | 19.4% | 18.8% | 19.3% |
| ROCE % | – | 28.1% | 21.4% | 21.5% | 22.6% |
| Debtor days | – | 66 | 68 | 63 | 67 |
| Inventory days | – | 143 | 145 | 129 | 134 |
| Payable days | – | 75 | 80 | 72 | 87 |
| Cash conversion cycle (days) | – | 134 | 133 | 120 | 114 |
| Working capital days | – | 96 | 115 | 124 | 120 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 31.19% |
| FIIs | 20.20% |
| DIIs | 11.47% |
| of which Mutual funds | 10.05% |
| of which Insurance | 0.37% |
| Public (non-institutions) | 36.66% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 31.19% | 31.19% | 31.19% | 31.19% | 31.19% | 31.19% | 31.19% | 31.19% |
| Promoter group | % |
|---|---|
| Dark Horse Portfolio Investment Private Limited | 20.10% |
| Jairam Varadaraj | 8.91% |
| Anvar Jay Varadaraj | 0.61% |
| Varun Jay Varadaraj | 0.60% |
| Maya Jay Varadaraj | 0.60% |
| Elgi Rubber Company Limited | 0.21% |
| Sudarsan Varadaraj | 0.06% |
| Varshini Varadaraj | 0.05% |
| Harsha Varadaraj | 0.03% |
| T Balaji | 0.02% |
| Elgi Ultra Private Limited | 0.00% |
| Varam Estates Private Limited | 0.00% |
| LRG Technologies Limited | 0.00% |
| Tyre Point LLP | 0.00% |
| Varam Varadaraj Trust represented by Mr. Jairam Varadaraj, Trustee | 0.00% |
| Public holders above 1% | % |
|---|---|
| Sbi Small Cap Fund | 6.53% |
| Gagandeep Credit Capital Pvt Ltd | 4.64% |
| Nalanda India Equity Fund Limited | 2.64% |
| Pari Washington India Master Fund, Ltd | 2.52% |
| Nemish S Shah | 1.69% |
| St. James's Place Emerging Markets Equity Unit Trust Managed By Wasatch Advisors Inc | 1.56% |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 1.14% |
97,645 shareholders. Pledged: 0.87% of promoter shares.
Peers in Compressors, Pumps & Diesel Engines
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| CUMMINSIND | ₹1,21,566 cr | 51.4x | 14.3x | 29.5% | 33.2% | 19.7% | +16.0% | 1.21% |
| KIRLOSENG | ₹26,454 cr | 48.4x | 7.3x | 16.1% | 13.7% | 17.1% | +15.3% | 0.36% |
| ELGIEQUIP | ₹16,486 cr | 36.6x | 7.4x | 21.9% | 23.4% | 14.2% | +9.1% | 0.42% |
| KIRLOSBROS | ₹12,421 cr | 33.2x | 5.0x | 16.4% | 18.1% | 10.9% | +6.8% | 0.45% |
| INGERRAND | ₹11,850 cr | 44.3x | 19.2x | 43.7% | 58.5% | 23.2% | +6.6% | 2.13% |
| KSB | ₹11,534 cr | 47.0x | 6.8x | 15.2% | 18.6% | 11.8% | – | – |
| KIRLPNU | ₹7,710 cr | 29.4x | 6.2x | 22.4% | 27.9% | 19.6% | +13.0% | 0.84% |
| SHAKTIPUMP | ₹4,529 cr | 21.3x | 2.7x | 14.8% | 16.6% | 12.3% | +40.7% | 0.27% |
| GREAVESCOT | ₹4,247 cr | 42.4x | 3.0x | 7.0% | 7.5% | 5.5% | +8.4% | 1.10% |
| SWARAJENG | ₹4,170 cr | 19.6x | 8.8x | 49.3% | 60.7% | 13.2% | +12.2% | 3.04% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Air Compressors | ₹3,613 cr | 91.4% | ₹548 cr | 15.2% |
| Automotive equipment | ₹339 cr | 8.6% | ₹37 cr | 11.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-17 | Dividend | Dividend - Rs 2.70 Per Share |
| 2025-07-18 | Dividend | Dividend - Rs 2.20 Per Share |
| 2024-07-24 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2023-07-28 | Dividend | Dividend - Rs 2 Per Share |
| 2022-08-04 | Dividend | Annual General Meeting/Dividend - Rs 1.15 Per Share |
| 2021-07-23 | Dividend | Annual General Meeting/Dividend - Rs 0.80 Per Share |
| 2020-09-24 | Bonus | Bonus 1:1 |
| 2020-08-06 | Other | Annual General Meeting |
| 2020-03-18 | Dividend | Interim Dividend - Rs 1.65 Per Share |
| 2019-07-25 | Dividend | Annual General Meeting/ Dividend - Rs 1.30 Per Share |
| 2018-08-02 | Dividend | Annual General Meeting/Dividend- Rs 1.20 Per Share |
| 2017-07-20 | Dividend | Annual General Meeting/Dividend Re 1/- Per Share |
| 2016-07-21 | Dividend | Annual General Meeting/ Dividend - Re 1/- Per Share |
| 2015-07-23 | Dividend | Annual General Meeting/Dividend - Re 1/- Per Share |
| 2014-09-08 | Dividend | Annual General Meeting / Final Dividend - Re 1/- Per Share |
| 2013-07-18 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2012-07-19 | Dividend | Annual General Meeting And Dividend - Re.1/- Per Share |
| 2011-07-13 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2010-12-14 | Bonus | Bonus 1:1 |
| 2010-05-10 | Other | Int Div-Rs.1.25 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture of Air compressors: Electrical equipment, general purpose, and special purpose machinery & equipment
| Sector | Industrials |
| Industry | Compressors, Pumps & Diesel Engines |
| Sub-industry | Compressors, Pumps & Diesel Engines |
| Symbol | ELGIEQUIP |
| BSE code | 522074 |
| ISIN | INE285A01027 |
| Face value | ₹1.0 |
| Incorporated | 1960-03-14 |
| Website | www.elgi.com |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.