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Prices as of 8 Oct 2026 close · Not investment advice

Elgi Equipments Limited

NSE: ELGIEQUIPCompressors, Pumps & Diesel Engines

Share price

₹579.00

-3.83% close of 8 Oct 2026

Market cap ₹18,528 CrP/E 39.9

Business score

How strong the business is, in one number. The parts behind it are in Pro.

69

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹18,528 Cr

P/E ratio

39.9

P/B ratio

8.2

ROCE

22.1%

ROE

19.0%

Dividend yield

0.5%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹642.4052-week low ₹415.55

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 15.9% over the past year, and 11.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 12.3% to 14.7% over the last four years.

Whether it grew faster than its sector

It grew 11.5% a year against a sector median of 10.6% — 0.9 percentage points faster.

Room to re-rate, or risk of de-rating

At 39.9× earnings it costs 1.7× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 51.7×, across 5 companies. It is against its own five-year median of 55.0×, the 5th percentile of its own range.

Whether growth justifies the valuation

Priced at 3.6 times its growth rate, on earnings growth of 11%.

Profit growthPrice per ₹1 profitPer 1% growth
Elgi Equipments Limited — this one11%/yr39.9×₹3.6
Cummins India Limited26%/yr53.5×₹2.1
Kirloskar Oil Engines Limited22%/yr55.0×₹2.5
Ksb Limited17%/yr51.7×₹3.0
Kirloskar Brothers Limited19%/yr32.9×₹1.7
Ingersoll Rand (India) Limited13%/yr48.0×₹3.7

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Compressors, Pumps & Diesel Engines), it ranks 8 of 14 on returns, 5 of 13 on growth, 8 of 14 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 22.1% on capital, ahead of 43% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1365 crore of cash from the business, spent ₹322 crore on plant and equipment, and returned ₹629 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 101 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being waiting 36 days for its cash to waiting 42 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue rose 22.5% year on year to ₹1,062.2 crore, while net profit rose 20.1% to ₹103.3 crore.

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹1,062 Cr

Revenue vs last year

+22.5%

Revenue vs last quarter

-4.6%

Net profit

₹103 Cr

Profit vs last year

+20.1%

Profit vs last quarter

-19.3%

Net margin

9.7%

EPS

₹3.28

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹18,528 Cr
Prev close
₹579.00
52w High
₹653
52w Low
₹408
Enterprise value
₹18,166 Cr
Beta
1.3
Price CAGR 1y
24.0%
Price CAGR 3y
7.0%
Price CAGR 5y
24.0%
Price CAGR 10y
20.0%

Ratios

Return on assets
12.2%
PEG ratio
3.6
P/E ratio
39.9
P/B ratio
8.2
EV / EBITDA
32.4
Industry P/E
40.4
ROCE
22.1%
ROCE 5y average
21.8%
ROE
19.0%
Debt / Equity
0.2
Interest coverage
20.2
Dividend yield
0.5%
ROE 3y average
20.0%
ROE last year
19.0%

Annual P&L

Annual revenue
₹3,951 Cr
Annual profit
₹430 Cr
Operating margin
15.0%
Net profit margin
10.9%
EBITDA margin
14.8%
Sales growth 3y
9.1%
Sales growth 5y
15.5%
Profit growth 3y
11.0%
Profit growth 5y
31.0%
EPS
₹13.6
Sales growth TTM
16.0%
Profit growth TTM
28.0%
Dividend payout
20.0%

Quarter P&L

Sales latest quarter
₹1,062 Cr
Profit latest quarter
₹103 Cr
YoY quarterly sales growth
22.6%
YoY quarterly profit growth
19.8%
OPM latest quarter
14.6%

Balance Sheet

Book Value
₹69.8
Face Value
₹1.0
Total debt
₹533 Cr
Total cash
₹718 Cr
Borrowings
₹533 Cr
Reserves / Equity
68.8

Cash Flow

Operating cash flow
₹454 Cr
Free cash flow
₹348 Cr
FCF yield
1.7%
Net cash flow
₹43 Cr

Shareholding

Promoter holding
31.2%
FII holding
21.9%
DII holding
10.1%
Public holding
36.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Cummins India4,872.2055.41,35,0571.35609.32.53,426.017.939.5
Kirloskar Oil2,230.8057.032,4730.31111.1-17.11,999.513.514.6
Elgi Equipments602.0541.119,0800.45103.327.01,062.222.622.1
KSB801.5053.213,9490.5557.2-18.8690.73.624.7
Kirl. Brothers1,712.8033.613,6010.4167.6-0.51,104.912.920.4
Ingersoll-Rand4,115.3047.312,9911.8270.519.5379.520.357.1
Kirl.Pneumatic696.1533.19,0450.8634.121.4300.310.430.3
Median748.8341.87,2830.4354.86.8639.619.122.9

Competes with: Cummins India Limited, Greaves Cotton Limited, Ingersoll Rand (India) Limited, Kirloskar Brothers Limited, Kirloskar Oil Engines Limited, Kirloskar Pneumatic Company Limited, Ksb Limited, Latteys Industries Limited, Oswal Pumps Limited, Roto Pumps Limited, Shakti Pumps (India) Limited, Swaraj Engines Limited, Yuken India Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7248068228668018698489938679681,0031,1131,062
Expenses635663692741687727728843746828860940907
Material Cost353307329370432422
Change in Inventories47-1-5.90-21-15-21
Purchases of Stock-in-Trade108109143146142128
Employee Cost172186194194202209
Other Expenses164146168171178170
Operating Profit89143129125114142119150121140144173155
OPM %12181614141614151414141615
Other Income20131315141615182355112215
Exceptional items (within Other Income)000-150-7.30
Interest57810986877566
Depreciation19191920191919201921212525
Profit before tax86130114110100131111140118167129164140
Tax %29302731272827272727262226
Net Profit609184767395811028612195128103
EPS in Rs1.912.882.652.412.302.992.543.222.703.8334.043.26
Diluted EPS in Rs3.232.703.833.014.053.27

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2941,4011,3701,6041,8631,8291,9242,5253,0413,2183,5103,9514,146
Expenses1,2041,2741,2291,4261,6691,6921,7072,2272,6042,7272,9823,3683,534
Material Cost1,2951,438
Change in Inventories9.60-43
Purchases of Stock-in-Trade413539
Employee Cost683776
Other Expenses585662
Operating Profit90127141178194138217298437491529583612
OPM %79101110811121415151515
Other Income3261410111425541756063110103
Exceptional items (within Other Income)0-15
Interest171497111715152434343024
Depreciation37444544516574747877768692
Profit before tax687510013714470153263510440482577599
Tax %303226302839333227292725
Net Profit4851749510343102178371312350430448
EPS in Rs1.521.612.343.013.251.343.235.63129.85111414
Diluted EPS in Rs1114
Dividend Payout %333121202061252017202020

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
11%
5 years
15%
3 years
9%
TTM
16%

Compounded profit growth

10 years
22%
5 years
31%
3 years
11%
TTM
28%

Stock price CAGR

10 years
20%
5 years
24%
3 years
7%
1 year
24%

Return on equity

10 years
17%
5 years
20%
3 years
20%
Last year
19%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161616161616323232323232
Reserves4785305916737557538381,0011,3391,5801,8342,200
Borrowings367304251266238448465436577638577533
Other Liabilities296256250298366334430491531558594773
Minority Interest0
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 Assets1,1561,1061,1081,2531,3751,5511,7651,9592,4792,8073,0423,546

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 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 Flow55103987120-621144109243298349

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 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 %8111316168131924222222

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters313131313131313131313131
FIIs292930292929292826232222
DIIs4.844.924.9755.045.074.985.236.248.089.0810
Public353534343434343636373736
Others0.180.160.160.230.170.180.380.380.380.350.530.49
No. of Shareholders58,12656,75455,15054,98863,56865,97768,53376,95179,97192,46589,69589,318

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +18.7% (₹487.85 → ₹579.00)Brick size ₹18.31 (fixed)Bricks 27
₹500₹600₹579Nov '25Feb '26May '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹579.00 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,63,61,034inr

2026-03-31

News

News and filings about Elgi Equipments Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • bearings (bought-out motor/compressor component)
  • compressor lubricant oil (purchased as stock-in-trade / aftermarket)
  • iron castings (bought-out + machined in-house from own foundry)

Depends on the price of

  • copper
  • fuel
  • steel

Buys from

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Compressors, Pumps & Diesel Engines
Classification
Capital Goods › Compressors, Pumps & Diesel Engines
ISIN
INE285A01027

Business segments

  • Air Compressors · 91%
  • Automotive equipment · 9%

Plants

  • Air Compressor Plant (ELGi Industrial Complex)
  • Dryer manufacturing facility · Coimbatore, Tamil Nadu
  • Foundry
  • Motor Plant (Motor Division)
  • Portable Compressors line & Global Support Center

News impact

Big market events that reach Elgi Equipments Limited, and how the effect spreads.

Who it hits first

  • KSB Limited, which makes pumps and valves, won a Rs118 crore export order from Dangote Projects Free Zone for boiler feed pump packages.
  • The pumps will be used in fertilizer and energy plants, with delivery planned from September 2027 to March 2028.
  • KSB shares jumped nearly 10% on September 30 as investors cheered the win and stronger export outlook.

Who may gain

  • KSB Limited (pump and valve maker) — gets the Rs118 crore order directly and stronger export credentials in fertilizer and energy.
  • Shakti Pumps, Kirloskar Brothers and Oswal Pumps (pump makers) — benefit because the win shows healthy overseas demand for Indian pumps.
  • Elgi Equipments, Ingersoll Rand India and Kirloskar Pneumatic (compressor and equipment makers) — see only a mild lift in mood as other factory-equipment makers.

Along the supply chain

Downstream

Dangote Projects Free Zone is the end user and will install the boiler feed pumps in its fertilizer and energy plants; KSB's domestic customers NTPC Limited (power generator) and Indian Oil Corporation (oil refiner and fuel seller) get no direct benefit from this export order.

Upstream

KSB's two listed suppliers, DISAQ and INVPRECQ, provide parts and materials for its pumps, so building Rs118 crore of boiler feed pumps for September 2027 to March 2028 could modestly lift their component orders.

Where demand moves

Business

Dangote Projects Free Zone, which runs fertilizer and energy plants, needs boiler feed pumps and has asked KSB Limited to build Rs118 crore worth, lifting KSB's order book and export sales from September 2027 to March 2028.

Capital

Investors rushed to buy KSB shares on September 30, pushing the price up nearly 10%, and some buying may spill over to other pump makers like Shakti Pumps and Kirloskar Brothers; power and fuel buyers gain no new money flow from this export win.

How it spreads across sectors

Capital Goods

Positive — a Rs118 crore export pump win shows healthy overseas demand for Indian pumps and factory equipment, lifting mood for pump makers.

Chemicals

Neutral to mildly positive — fertilizer-linked equipment demand is encouraging, but chemical makers get no direct orders from this win.

Power

Neutral — power generators buy pumps but gain nothing directly from KSB's Dangote export order.

A pattern seen before

Cascade chain

Pattern name

Crude Oil Cascade

Patterns

  • Crude Oil Cascade

Sectors queried

  • Cement
  • Chemicals
  • FMCG
  • Power

When it plays out

Immediate

In the next 1 to 7 days KSB holds most of its nearly 10% jump with some profit-taking, while pump makers see mild sympathy buying.

Medium term

Over 1 to 6 months focus shifts to execution — parts buying from suppliers and progress toward September 2027 delivery — and any follow-on Dangote or fertilizer orders would extend gains.

Short term

Over 1 to 4 weeks analysts size the Rs118 crore order against KSB's order book, and peers trade on export hopes without new wins of their own.

Who it hits first

  • Oswal Pumps, a pump maker expanding into solar work, won a Rs 273.19 crore order from TGREDCO to put rooftop solar plants on 9,937 government schools in Telangana.
  • Its shares rose 8% as investors priced in the new revenue from nearly 10,000 school installations.
  • Rival pump and equipment makers won nothing here, so the gain sits with Oswal alone.

Who may gain

  • Oswal Pumps: Rs 273.19 crore of fresh project revenue across 9,937 school sites.
  • TGREDCO and Telangana's schools: solar rooftops cutting power bills and aiding green targets.
  • Short-term Oswal shareholders: an 8% price pop on the announcement.

Along the supply chain

Downstream

Downstream, TGREDCO (the Telangana green-energy agency) receives 9,937 solar rooftops for its schools; Tata Power, Oswal's graphed customer, is not party to this order and sees no flow.

Upstream

Upstream gets a mild pull: panel, inverter, cable and mounting-structure suppliers to Oswal should see extra dispatches as 9,937 sites roll out, though the pack names no specific supplier.

Where demand moves

Business

Real business demand lands on Oswal Pumps: 9,937 school rooftops need panels, mounting, wiring and installation, which becomes booked revenue as sites are executed; rival bidders get none of this work.

Capital

Capital follows the order: buyers chased Oswal Pumps shares up 8%, while peer pump and power-equipment stocks see no new money from this single-company win.

How it spreads across sectors

Capital Goods

Small positive for equipment makers on green-order momentum, but revenue lands only with Oswal, so peers barely move.

Power

Mildly supportive: 9,937 solar school rooftops add distributed green capacity, too small to shift big generators.

A pattern seen before

Cascade chain

  • TGREDCO awards 9,937 school solar rooftops → Oswal Pumps books Rs 273.19 cr order revenue
  • Rooftop rollout → panel, inverter, cable and mounting dispatches rise
  • Schools generate daytime solar → grid draw and power bills fall in Telangana
  • Distributed green capacity grows → Power sector renewable mix edges up

Pattern name

Energy Transition Cascade

Patterns

  • Energy Transition Cascade

Sectors queried

  • Auto
  • Oil & Gas

When it plays out

Immediate

Oswal shares stay firm near the 8% pop as the TGREDCO order details and execution schedule sink in.

Medium term

Installation progress and TGREDCO payments decide the real margin; steady execution extends gains, delays trim them.

Short term

Work orders and site mobilisation across the 9,937 schools confirm the revenue pipeline; peers drift on their own news.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

17 Jul 2026unspecified₹2.7
18 Jul 2025unspecified₹2.2
24 Jul 2024unspecified₹2
28 Jul 2023unspecified₹2
4 Aug 2022unspecified₹1.15
23 Jul 2021unspecified₹0.8
24 Sep 2020bonus₹0
18 Mar 2020interim₹1.65

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.