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.

Load latest

Elgi Equipments Ltd.

30 Nov 2020

476.60

-1.92%

Marching past 60, ELGi's quest to be Always Better continues

Business Line

Coimbatore-based ELGi Equipments, which started off as a small reciprocating air-compressor and garage equipment manufacturing company in March 1960 h

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

Elgi Equipments Ltd.

24 Nov 2020

476.60

-1.92%

ELGi North America office relocated

Business Line

Air compressor manufacturing major ELGi Equipments has relocated its office in North Carolina from Continental Blvd to a larger space on Entrance Dri

Elgi Equipments Ltd. has lost -28.42% in the last 1 Year

Elgi Equipments Ltd.

12 Nov 2020

476.60

-1.92%

Buy Elgi Equipments: target of Rs 140: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Elgi Equipments recommended buy rating on the stock with a target price of Rs 140 in its research report dated November 10, 2020.

Elgi Equipments Ltd. has lost -28.42% in the last 1 Year

Elgi Equipments Ltd.

10 Nov 2020

476.60

-1.92%

Elgi Equipments

Buy: Elgi Equipments Ltd.

ICICI Securities Limited

Visible green shoots in India business amid challenges Elgi's standalone air compressor (domestic plus direct export) revenue declined mere 3% to | 263 crore in Q2FY21. While pure domestic air compressor sales came in better than expected with decline of 11% YoY to | 191 crore. Elgi is on track on its strategy to curtail employee cost and reduce fixed cost by ~15-20% in FY21E 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...

Elgi Equipments Ltd. is trading below all available SMAs

Elgi Equipments Ltd.

07 Nov 2020

476.60

-1.92%

Elgi Equipments Q2 profit up at Rs 29.8 crore

Business Line

The standalone profit of air compressor manufacturing major Elgi Equipments for the quarter ended September 2020 was up at Rs 29.8 cr as compared to R

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

Elgi Equipments Ltd.

24 Sep 2020

476.60

-1.92%

Elgi Equipments

Hold: Elgi Equipments Ltd.

ICICI Securities Limited

Going ahead, traction in international market, new products like oil free compressors (AB series) would aid growth while a revival is expected in the India business, which continues to face challenges across verticals. However, its strategy on cost reduction, focus on cash business would help deal with working capital, debt and liquidity situation. We expect revenue, EBITDA growth of 7.1%, 30.1% CAGR, respectively, in FY20-22E. We revise...

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

Elgi Equipments Ltd.

18 Aug 2020

476.60

-1.92%

Elgi Equipments

Hold: Elgi Equipments Ltd.

Target

ICICI Securities Limited

Headwinds continue for India business amid challenges Elgi's domestic air compressor sales remained subdued in Q1FY21. The company is on track in its strategy to curtail employee cost and reduce fixed cost by 15-20% in FY21E primarily in India business. Elgi has seen activities across all major industries and expects some revival in capacity building with smaller incremental investments by industries. Its disrupted AB series oil free compressor that is gaining good traction in India as well as abroad. After-market (~24% to India topline), is likely to start gaining traction from...

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

Elgi Equipments Ltd.

14 Aug 2020

476.60

-1.92%

Elgi Equipments share price jumps 20% on bonus issue approval

Moneycontrol

The share touched its 52-week high Rs 309.60 and 52-week low Rs 102.25 on 01 October, 2019 and 07 April, 2020, respectively.

Elgi Equipments Ltd. has lost -28.42% in the last 1 Year

Elgi Equipments Ltd.

01 Jul 2020

476.60

-1.92%

Hold Elgi Equipments; target of Rs 160: ICICI Direct

Moneycontrol

ICICI Direct recommended hold rating on Elgi Equipments with a target price of Rs 160 in its research report dated July 01, 2020.

Elgi Equipments Ltd. has lost -28.42% in the last 1 Year

Elgi Equipments Ltd.

01 Jul 2020

476.60

-1.92%

Elgi Equipments

Hold: Elgi Equipments Ltd.

Target

ICICI Securities Limited

Headwinds continue for India business amid challenges Macroeconomic headwinds continued to impact Elgi's domestic air compressor sales growth in Q4FY20. The company adopted a strategy to curtail employee cost and reduce fixed cost by 15-20% in FY21E mainly in India business. However, the management expects some revival in capacity building in food & beverage, pharma to gain further traction with its disrupted AB series oil free compressor that is gaining good traction in India. After-market (~24% to India topline), is likely to start gaining traction from...