Elgi Equipments Ltd. News and Updates

Name: Latest research reports of Elgi Equipments Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Elgi Equipments Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Elgi Equipments Ltd. from all sources in a single place.

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Elgi Equipments Ltd.

05 Aug 2021

485.95

-1.93%

Elgi Equipments

Buy: Elgi Equipments Ltd.

ICICI Securities Limited

...

Elgi Equipments Ltd. is trading below all available SMAs

Elgi Equipments Ltd.

03 Aug 2021

485.95

-1.93%

Elgi Equipments Consolidated June 2021 Net Sales at Rs 489.44 crore, up 71.06% Y-o-Y

Moneycontrol

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Elgi Equipments Ltd. has an average target of 559.00 from 1 broker.

Elgi Equipments Standalone June 2021 Net Sales at Rs 301.42 crore, up 152.72% Y-o-Y

Moneycontrol | 03 Aug 2021

Elgi Equipments Ltd.

02 Jul 2021

485.95

-1.93%

Elgi Equipments eyes to be among top 3 global players of air compressors in 5 years

Business Today

Coimbatore-based firm is in process of reshaping its business operations to have EBITDA of 16% from current 10-11% and increase ROCE to 30 per cent from current 20%

Elgi Equipments Ltd. has lost -29.72% in the last 1 Year

Elgi Equipments Ltd.

22 May 2021

485.95

-1.93%

Elgi Equipments

Buy: Elgi Equipments Ltd.

Target

ICICI Securities Limited

In Q4FY21, air compressor international sales (including exports from India) is estimated to have contributed ~45% to air compressor sales in Q4FY21. It continues to perform well in key international markets led by Australia, US, Europe while South East Asia and Gulf are expected to rebound gradually. Margins are expected to further improve due to ramp-up in international business, optimisation of operating cost leading to incremental revenue, future growth and positive operating leverage. Also, Elgi is expected to...

Elgi Equipments Ltd. has lost -29.72% in the last 1 Year

Elgi Equipments Ltd.

21 May 2021

485.95

-1.93%

Elgi Equipments net rises to 43 crore

Business Line

Sales up at 610 crore

Elgi Equipments Ltd. has lost -29.72% in the last 1 Year

Elgi Equipments Ltd.

03 Mar 2021

485.95

-1.93%

Elgi Equipments charts mid-term plan to achieve $400 m revenue by FY26

Business Line

Bets in growing international business

Elgi Equipments Ltd. is trading below all available SMAs

Elgi Equipments Ltd.

10 Feb 2021

485.95

-1.93%

Buy Elgi Equipments; target of Rs 210: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Elgi Equipments has recommended buy rating on the stock with a target price of Rs 210 in its research report dated February 10, 2021.

Elgi Equipments Ltd. has lost -29.72% in the last 1 Year

Elgi Equipments Ltd.

10 Feb 2021

485.95

-1.93%

Elgi Equipments

Buy: Elgi Equipments Ltd.

Target

ICICI Securities Limited

India business seeing decent traction amid economic recovery Elgi's standalone air compressor (domestic & direct exports compressor) grew 14.2% YoY to | 323.0 crore (~59% of consolidated topline). Pure domestic air compressor sales came in better than expected with growth of ~20% YoY | 264 crore. Elgi is on track in its strategy to optimise employee cost and primarily in India business. Elgi has seen activities across all major industries and expects further revival in capacity building with smaller incremental investments by industries. Its disrupted AB series oil free...

Elgi Equipments Ltd. has lost -29.72% in the last 1 Year

Elgi Equipments Ltd.

07 Jan 2021

485.95

-1.93%

Buy Elgi Equipments; target of Rs 190: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Elgi Equipments recommended buy rating on the stock with a target price of Rs 190 in its research report dated January 07, 2020.

Number of FII/FPI investors increased from 177 to 188 in Jun 2025 qtr.

Elgi Equipments Ltd.

07 Jan 2021

485.95

-1.93%

Elgi Equipments

Buy: Elgi Equipments Ltd.

Target

ICICI Securities Limited

Overall, Elgi's strategy to expand in new geographies in Europe, continued growth momentum in the US, Australia and expected rebound in South East Asia & Gulf markets are expected to contribute significantly to incremental growth in coming years. A rebound was visible in Q2FY21 performance with air compressor international sales (including exports from India) contributing ~57% to total air compressor sales registering growth of ~39% to | 253 crore YoY. It performed well in key international markets led by Australia, US, Europe while South East Asia, and Gulf reported moderate...