ELGIEQUIP

Elgi Equipments Limited

Air compressors and related equipment manufacturer with global presence

Industrials›Capital Goods›Industrial Products›Compressors, Pumps & Diesel Engines

elgi.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹572.20
Market cap
18,134 Cr
Stock P/E
40.5
P/B
8.12
Dividend yield
0.4%
ROE (FY26)
19.3%
ROCE (FY26)
22.9%
Operating margin (FY26)
12.5%
Debt / equity (FY26)
0.18
OCF / EBITDA (FY26)
78.3%
OCF / EBITDA (3Y)
71.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Elgi Equipments makes air compressors and related equipment for industrial customers in India and overseas, alongside a smaller automotive equipment segment.

Company snapshot

3rdBy market cap

Ranked among 14 companies in Compressors, Pumps & Diesel Engines.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 91.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Air Compressors
91.8%
2,312 Cr318 Cr—
Automative equipment
8.3%
208 Cr19 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.18x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales806 Cr822 Cr866 Cr801 Cr869 Cr848 Cr993 Cr867 Cr968 Cr1,003 Cr1,113 Cr1,062 Cr
Operating expenses (approx.)663 Cr692 Cr741 Cr687 Cr727 Cr728 Cr843 Cr746 Cr828 Cr860 Cr938 Cr907 Cr
EBITDA143 Cr129 Cr125 Cr114 Cr142 Cr119 Cr150 Cr121 Cr140 Cr144 Cr174 Cr155 Cr
OPM %17.7%15.7%14.5%14.2%16.3%14.1%15.1%14.0%14.5%14.3%15.7%14.6%
Other income12 Cr11 Cr15 Cr14 Cr14 Cr13 Cr17 Cr20 Cr51 Cr25 Cr22 Cr20 Cr
Interest7 Cr8 Cr10 Cr9 Cr8 Cr6 Cr8 Cr7 Cr7 Cr5 Cr6 Cr6 Cr
Depreciation19 Cr19 Cr20 Cr19 Cr19 Cr19 Cr20 Cr19 Cr21 Cr21 Cr25 Cr25 Cr
Profit before tax130 Cr114 Cr110 Cr100 Cr131 Cr111 Cr140 Cr118 Cr167 Cr129 Cr164 Cr140 Cr
Tax %29.8%26.6%30.8%27.2%27.5%27.2%27.3%27.3%27.3%26.1%21.9%25.9%
Net profit91 Cr84 Cr76 Cr73 Cr95 Cr81 Cr102 Cr86 Cr121 Cr95 Cr128 Cr103 Cr
EPS (₹)₹2.89₹2.65₹2.41₹2.30₹2.99₹2.55₹3.23₹2.71₹3.85₹3.01₹4.06₹3.28

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,438 Cr1,622 Cr1,863 Cr1,829 Cr1,924 Cr2,525 Cr3,041 Cr3,218 Cr3,510 Cr3,951 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,299 Cr1,446 Cr1,672 Cr1,694 Cr1,708 Cr2,232 Cr2,608 Cr2,732 Cr2,986 Cr3,372 CrSign in free for the trailing twelve months
EBITDA139 Cr176 Cr192 Cr136 Cr216 Cr292 Cr433 Cr486 Cr525 Cr579 CrSign in free for the trailing twelve months
OPM %9.7%10.9%10.3%7.4%11.2%11.6%14.2%15.1%15.0%14.7%Sign in free for the trailing twelve months
Other income12 Cr12 Cr10 Cr13 Cr23 Cr55 Cr67 Cr55 Cr58 Cr118 CrSign in free for the trailing twelve months
Interest8 Cr6 Cr9 Cr16 Cr13 Cr11 Cr20 Cr29 Cr31 Cr25 CrSign in free for the trailing twelve months
Depreciation45 Cr45 Cr51 Cr65 Cr74 Cr74 Cr78 Cr77 Cr76 Cr86 CrSign in free for the trailing twelve months
Profit before tax100 Cr137 Cr144 Cr70 Cr153 Cr263 Cr510 Cr440 Cr482 Cr577 CrSign in free for the trailing twelve months
Tax %26.3%30.2%28.2%38.8%32.9%32.2%27.3%29.1%27.3%25.5%Sign in free for the trailing twelve months
Net profit74 Cr95 Cr103 Cr43 Cr102 Cr178 Cr371 Cr312 Cr350 Cr430 CrSign in free for the trailing twelve months
EPS (₹)₹4.67₹6.02₹6.51₹2.69₹3.24₹5.64₹11.72₹9.86₹11.09₹13.65Sign in free for the trailing twelve months
Dividend payout %————0.2%14.2%9.8%20.3%18.0%16.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital16 Cr16 Cr16 Cr16 Cr32 Cr32 Cr32 Cr32 Cr32 Cr32 Cr
Reserves591 Cr673 Cr755 Cr753 Cr838 Cr1,001 Cr1,339 Cr1,579 Cr1,834 Cr2,200 Cr
Borrowings211 Cr223 Cr193 Cr390 Cr370 Cr370 Cr509 Cr560 Cr491 Cr405 Cr
Other liabilities298 Cr353 Cr421 Cr396 Cr527 Cr562 Cr622 Cr649 Cr685 Cr909 Cr
Total liabilities1,116 Cr1,264 Cr1,385 Cr1,555 Cr1,767 Cr1,965 Cr2,502 Cr2,821 Cr3,042 Cr3,546 Cr
Fixed assets (net)317 Cr299 Cr299 Cr345 Cr320 Cr305 Cr346 Cr349 Cr354 Cr434 Cr
CWIP4 Cr1 Cr5 Cr4 Cr4 Cr7 Cr3 Cr10 Cr53 Cr136 Cr
Investments15 Cr15 Cr31 Cr29 Cr41 Cr37 Cr41 Cr45 Cr85 Cr169 Cr
Loans & advances——7 Cr7 Cr6 Cr3 Cr5 Cr5 Cr4 Cr6 Cr
Inventories226 Cr274 Cr279 Cr343 Cr343 Cr483 Cr602 Cr622 Cr609 Cr711 Cr
Trade receivables242 Cr343 Cr367 Cr347 Cr400 Cr472 Cr551 Cr603 Cr608 Cr724 Cr
Cash & bank82 Cr65 Cr70 Cr46 Cr128 Cr117 Cr125 Cr229 Cr120 Cr164 Cr
Other assets230 Cr267 Cr327 Cr435 Cr526 Cr541 Cr830 Cr957 Cr1,208 Cr1,203 Cr
Total assets1,116 Cr1,264 Cr1,385 Cr1,555 Cr1,767 Cr1,965 Cr2,502 Cr2,821 Cr3,042 Cr3,546 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity126 Cr49 Cr172 Cr35 Cr239 Cr69 Cr166 Cr288 Cr391 Cr454 Cr
Cash from investing-39 Cr-55 Cr-107 Cr-152 Cr-110 Cr2 Cr-217 Cr-101 Cr-283 Cr-98 Cr
Cash from financing-77 Cr-10 Cr-60 Cr91 Cr-48 Cr-81 Cr60 Cr-82 Cr-217 Cr-312 Cr
Net cash flow9 Cr-17 Cr5 Cr-25 Cr81 Cr-11 Cr8 Cr105 Cr-109 Cr43 Cr
Free cash flow (OCF − Capex)98 Cr19 Cr118 Cr-8 Cr207 Cr28 Cr97 Cr239 Cr296 Cr299 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %13.2%15.6%15.8%7.3%13.4%19.5%28.2%21.6%21.7%22.9%
ROE %12.2%13.8%13.4%5.5%11.8%17.3%27.0%19.4%18.8%19.3%
Debtor days61777269766866686367
Inventory days155141130166177153179188171180
Days payable1171101151011491019310495116
Cash conversion cycle9910887134103120152152139130
OCF / EBITDA %90.2%27.6%89.6%26.1%110.7%23.5%38.3%59.2%74.5%78.3%
OCF / EBITDA % (3 years)——68.2%50.8%82.1%53.2%50.3%43.1%58.5%71.2%
Debt / equity0.350.320.250.510.420.360.370.350.260.18
Current ratio1.621.561.591.431.491.631.791.922.102.08
Net debt / EBITDA0.93—0.642.531.120.870.890.680.710.42