Is Elgi Equipments a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Elgi Equipments Ltd is a good quality company .

Is Elgi Equipments undervalued or overvalued?

The key valuation ratios of Elgi Equipments Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Elgi Equipments share price return in the past 10 years?

Elgi Equipments Ltd share price has appreciated 22% annually (CAGR) over the past ten years.

Is Elgi Equipments a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Elgi Equipments Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Elgi Equipments Ltd - Stock Valuation and Financial Performance

Name: Elgi Equipments
Brand: Elgi Equipments

BSE: 522074 | NSE: ELGIEQUIP | Compressors / Pumps | Small Cap

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Elgi Equipments Share Price

₹559.60 -24.45 -4.19%
as on 18-Nov'24 16:59

10 Year X-Ray of Elgi Equipments:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	21.1%	11.9%	5.6%	15.9%	17.3%	17.9%	17.6%	16.8%	26.7%	31.4%	-
Value Creation Index ⓘ	0.5	-0.2	-0.6	0.1	0.2	0.3	0.3	0.2	1.0	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	828	776	866	892	1,024	1,177	1,081	1,100	1,583	1,757	2,008
Sales YoY Gr.	-	-6.3%	11.6%	3%	14.8%	15%	-8.2%	1.8%	43.9%	11%	-
Adj EPS ⓘ	2.5	1.8	1.6	2.2	2.5	2.7	3.1	3.2	5.5	7.9	10.8
YoY Gr.	-	-25.3%	-15.3%	40%	16.1%	8.3%	12.1%	2.9%	75.6%	42.1%	-
BVPS (₹) ⓘ	15.7	16.8	15.4	17.1	18.9	20.9	22.4	25.7	31	38.5	50.1
Adj Net Profit ⓘ	77.6	57.9	49	68.8	79.7	86.5	96.9	99.8	175	249	343
Cash Flow from Ops. ⓘ	40.4	78.8	135	86.9	27.8	107	73	116	105	235	-
Debt/CF from Ops. ⓘ	2.3	1.4	0.5	0.6	3.1	0.4	1.3	0.9	0	0.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.7%	11.4%	17.6%	11%
Adj EPS ⓘ	13.8%	25.6%	37%	42.1%
BVPSⓘ	10.5%	15.3%	19.8%	24.2%
Share Price	22%	34.2%	38%	10.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	16.7	11.3	9.6	13.4	14	13.7	14.1	13.1	19.5	22.6	24.4
Op. Profit Mgn % ⓘ	14.7	12.1	13.2	12.7	13.2	12.3	11.1	14.2	15.5	18	21.4
Net Profit Mgn % ⓘ	9.4	7.5	5.7	7.7	7.8	7.4	9	9.1	11.1	14.2	17.1
Debt to Equity ⓘ	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0	0.1	0
Working Cap Days ⓘ	170	195	146	127	145	154	184	201	167	189	117
Cash Conv. Cycle ⓘ	61	78	57	44	58	63	76	82	72	79	87

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.40%

Sales growth is growing at healthy rate in last 3 years 17.56%

Net Profit is growing at healthy rate in last 3 years 36.95%

Sales growth is good in last 4 quarters at 15.92%

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Latest Financials - Elgi Equipments Ltd.

	Standalone	Consolidated
TTM EPS (₹)	10.8	10.3
TTM Sales (₹ Cr.)	2,008	3,358
BVPS (₹.) ⓘ	50.1	54.4
Reserves (₹ Cr.) ⓘ	1,557	1,691
P/BV ⓘ	11.16	10.29
PE ⓘ	51.75	54.10

From the Market
52 Week Low / High (₹)	503.05 / 799.00
All Time Low / High (₹)	1.06 / 799.00
Market Cap (₹ Cr.)	17,726
Equity (₹ Cr.)	31.7
Face Value (₹)	1
Industry PE ⓘ	46.8

Management X-Ray of Elgi Equipments:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.88

0.84

0.81

0.67

* Pledged shares as % of Promoter's holding (%)

Valuation of Elgi Equipments

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Elgi Equipments

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	776	866	892	1,024	1,177	1,081	1,100	1,583	1,757	1,843
Operating Expenses ⓘ	686	754	779	892	1,035	961	944	1,337	1,441	1,441
Manufacturing Costs	62	61	62	65	84	80	91	140	152	136
Material Costs	455	504	518	600	692	624	639	949	988	978
Employee Cost	99	106	118	138	156	163	156	170	193	212
Other Costs ⓘ	69	83	81	88	103	94	58	78	108	115
Operating Profit ⓘ	90	112	113	132	142	120	156	245	316	402
Operating Profit Margin (%)	11.6%	12.9%	12.7%	12.9%	12.0%	11.1%	14.2%	15.5%	18.0%	21.8%
Other Income ⓘ	12	14	14	16	16	49	24	46	83	68
Interest ⓘ	5	4	2	2	4	5	5	3	7	7
Depreciation ⓘ	29	37	37	36	34	37	35	37	38	36
Exceptional Items ⓘ	0	-55	0	-3	0	0	0	0	0	0
Profit Before Tax ⓘ	69	29	88	108	121	128	140	251	354	428
Tax ⓘ	13	20	20	31	36	27	35	62	81	106
Profit After Tax	56	9	68	77	85	100	105	189	272	322
PAT Margin (%)	7.2%	1.1%	7.7%	7.5%	7.2%	9.3%	9.6%	12.0%	15.5%	17.5%
Adjusted EPS (₹)	1.8	0.3	2.2	2.4	2.7	3.2	3.3	6.0	8.6	10.2
Dividend Payout Ratio (%)	28%	169%	23%	25%	24%	26%	24%	19%	23%	20%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	533	488	541	600	662	710	815	983	1,220	1,466
Share Capital ⓘ	16	16	16	16	16	16	32	32	32	32
Reserves ⓘ	517	472	525	584	646	694	784	951	1,189	1,435
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	113	64	48	85	42	98	101	0	90	110
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	113	64	48	85	42	98	101	0	90	110
Trade Payables	100	117	114	141	164	129	180	192	166	216
Others Liabilities ⓘ	84	63	80	93	98	95	92	145	186	216
Total Liabilities ⓘ	830	731	783	919	966	1,032	1,189	1,320	1,663	2,008
Fixed Assets
Gross Block	434	293	310	321	352	403	417	442	495	523
Accumulated Depreciation	176	36	71	104	138	174	211	248	285	319
Net Fixed Assetsⓘ	258	257	239	217	214	228	205	194	210	204
CWIP ⓘ	6	1	0	2	6	4	4	7	3	9
Investmentsⓘ	118	118	138	156	175	174	178	181	184	190
Inventories	113	98	100	119	112	130	139	172	167	186
Trade Receivables	166	160	159	253	286	256	330	424	444	510
Cash Equivalents ⓘ	23	38	54	61	52	45	160	118	255	643
Others Assetsⓘ	146	60	93	112	122	196	173	223	400	265
Total Assets ⓘ	830	731	783	919	966	1,032	1,189	1,320	1,663	2,008

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	79	135	87	28	107	73	116	105	235	255
PBT ⓘ	69	29	88	108	121	128	140	251	354	428
Adjustment ⓘ	24	97	28	28	32	1	26	12	-9	-11
Changes in Working Capital ⓘ	0	30	-13	-73	-6	-22	-31	-94	-19	-38
Tax Paid ⓘ	-14	-20	-16	-35	-39	-34	-19	-65	-91	-125
Cash Flow From Investing Activity ⓘ	-74	-46	-38	-61	-53	-71	-53	6	-287	-91
Capex	-52	-17	-19	-21	-38	-35	-16	-25	-36	-32
Net Investments	-31	3	-1	-25	-2	-23	-58	14	-285	-107
Others ⓘ	9	-32	-17	-14	-12	-12	21	18	35	48
Cash Flow From Financing Activityⓘ	-4	-71	-35	15	-65	0	-5	-129	49	-69
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	1	3
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-4	-3	-2	-2	-2	-4	-4	-2	-5	-5
Dividend Paid ⓘ	-18	-16	-16	-16	-19	-46	0	-25	-36	-63
Others ⓘ	17	-52	-18	32	-44	51	-1	-102	89	-4
Net Cash Flow ⓘ	1	19	15	-18	-11	2	58	-19	-3	95

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	10.81	1.84	13.29	13.48	13.43	14.64	13.78	21.06	24.74	23.99
ROCE (%)	11.86	5.59	15.85	17.27	17.88	17.59	16.78	26.73	31.42	30.06
Asset Turnover Ratio	1	1.18	1.25	1.22	1.25	1.08	0.99	1.26	1.18	1
PAT to CFO Conversion(x)	1.41	15	1.28	0.36	1.26	0.73	1.1	0.56	0.86	0.79
Working Capital Days
Receivable Days	77	65	61	73	84	91	97	87	90	94
Inventory Days	49	42	38	38	36	41	45	36	35	35
Payable Days	72	71	81	77	80	86	88	72	66	71

Elgi Equipments Ltd Stock News

Elgi Equipments Ltd FAQs

What is the share price of Elgi Equipments?

Company share prices are keep on changing according to the market conditions. The closing price of Elgi Equipments on 18-Nov-2024 16:59 is ₹559.6.

What is the market cap of Elgi Equipments?

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 18-Nov-2024 16:59 the market cap of Elgi Equipments stood at ₹17,726.3.

What is the P/E ratio of Elgi Equipments?

The latest P/E ratio of Elgi Equipments as of 18-Nov-2024 16:59 is 51.75.

What is the P/B ratio of Elgi Equipments?

The latest P/B ratio of Elgi Equipments as of 18-Nov-2024 16:59 is 11.16.

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

The 52-week high of Elgi Equipments is ₹799.0 and the 52-week low is ₹503.1.

What is the TTM revenue of Elgi Equipments?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elgi Equipments is ₹2,008 ( Cr.) .

About Elgi Equipments Ltd

Elgi Equipments incorporated in 1960; is engaged in manufacturing of air compressors and automobile service station equipment.

Products manufactured by company has wide applications in the area of mining, pharmaceuticals, ship building, power, oil, chemicals, textiles, printing, paper, transport, electronics, telecommunications, defence, medical, railways, food and beverages and plastics.

ELGI has received ISO 9001:2000 certification for its quality management. The company has network of 114 dealers.

The company has global presence in countries namely Europe, North America, Latin America, Africa, Australia, Middle East, South East Asia, West Asia and the Far East.

Products Rotary Screw Air Compressors- Under this company designs and manufactures electric and diesel powered screw air compressor. Under this the company manufactures wide range of products such as electric powered screw air compressors, airends, oil-free screw air compressor, centrifugal air compressor and portable screw air compressor. The company has also manufactured worlds smallest screw air compressor known as ELGI Micro Rotary.

Reciprocating Air Compressors- Under this, EEL manufactures a range of compressors namely horizon series reciprocating air compressors, borewell compressors, ELGIPET air power systems, high pressure / volume reciprocating air compressors, high volume tank mounted compressors, tractor mounted air compressors, high pressure reciprocating air compressor and bare compressor pumps.

Automotive Equipments- Under this the company manufactures equipments for two, three and four wheelers that provides a total service station solutions. Company is engaged in production of automotive equipments such as body shop equipment, service station equipment, wheel servicing equipment, test lanes, pneumatic equipment are among others.

Railway Compressor- ELGI manufactures Railway Compressors and a variety of compressor solutions for railway applications like circuit breakers, engine starting etc. The company manufactures products such as electrical locomotives, diesel locomotives, expressors, auxillary compressor, exhausters, wind Screen wipers and water raising apparatus.

After sales services- ELGI provides after sales services in area of service agreements, monitoring solutions, energy saving products and air solutions.

Important events

In 2010 Elgi Equipments has acquired Belair of France, a company engaged in assembly, sales and service of industrial compressors, piping, fittings and accessories.

In 2011 Company has incorporated a wholly owned subsidiary in Australia under the name and style of ELGI EQUIPMENTS AUSTRALIA PTY LTD.
-Elgi succeeds in launching the first Oil-free screw air compressor.

2012
-The Company has acquired 100% of Rotair S.p.a. The acquisition is through a 100% subsidiary incorporated in Italy, Elgi Compressors Italy.
-Elgi Equipmnt - Acquisition of Patton's Inc. in USA by Elgi Equipments Ltd.
-Elgi Equipement buys Italian Company.
-Elgi launches the compact, silent and energy efficient EN Series screw air compressors."