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Elgi Equipments

Air compressors #2 in India, global expansion (US/Europe). 24% ROCE; oil-free tech ladder vs Atlas Copco.

Order book · US + Europe distribution build-out

Hold / Watchlist
₹589
Mkt cap ₹18.7K Cr
P/E
42.3x
P/B
8.4x
ROCE
23.7%
ROE
21.5%
Div yield
0.46%
52W high
₹634
52W low
₹408
Promoter
31.2%
Score bridge (derived from real data)
Fundamental
66
Valuation
64
Technical
68
Moat (curated)
70

Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.

52-week position
₹408now ₹589₹634
80/100
Technical rating B+
Price · 2 years · SMA 50/200 · as of 2026-07-20
Strong UpMACD BearishGolden cross
RSI-14
RSI-14
51
vs SMA-50
0.8%
vs SMA-200
14.1%
1Y return
6.3%
Ann. vol
33%
Max DD 1Y
-30%
Annual trend · sales, PAT, OPM
Quarterly run-rate
Peer set · Compressors & Machinery
CompanyMkt capP/EOPMROCESales 3YPAT 3YD/EComposite
Elgi Equipments ◄₹18.7K Cr42.3x15%23.7%9.1%5.0%0.24x67
KSB Ltd₹15.8K Cr57.4x14%24.7%14.0%13.8%0.00x64

Financial statements

Source: Screener.in
Sales 3Y CAGR
9.1%
PAT 3Y CAGR
5.0%
OPM (latest)
15.0%
PAT margin
10.9%
D / E
0.24x
CFO / PAT
1.06x
EV / EBITDA
33.2x
FCF yield
1.9%
Ratio history · computed per year
RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales growth YoY %—20.4%5.8%9.1%12.6%
PAT growth YoY %—108.4%-15.9%12.2%22.9%
OPM %12%14%15%15%15%
PAT margin %7.0%12.2%9.7%10.0%10.9%
ROE % (PAT / net worth)17.2%27.1%19.4%18.8%19.3%
D / E (x)0.420.420.400.310.24
Asset turnover (x)1.291.231.151.161.11
CFO / PAT (x)0.390.450.911.121.06
Annual P&L · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales2,5253,0413,2183,5103,951
Operating profit298437491529579
OPM %12%14%15%15%15%
Net profit178371312350430
EPS ₹5.6311.709.8511.0513.57
Quarterly · ₹ Cr
Dec 2024Mar 2025Jun 2025Sep 2025
Sales1,003993867968
OPM %14%15%14%14%
PAT9510286121
Balance sheet · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity3232323232
Reserves1,0011,3391,5801,8342,200
Borrowings436577638577533
Total assets1,9592,4792,8073,0373,546
Cash flow · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating69166285391454
Investing2-217-101-283-98
Financing-8160-79-217-312
Shareholding
Promoters
31.2%
FII
21.9%
DII
10.1%
Public
36.3%
Mkt cap
₹18.7K Cr
P/E
42.3x
52W range
₹408–634