solutions including a wide range of air compressors. It is the second largest Indian player (~22%) only behind global market leader Atlas Copco. Globally, it is the eighth largest player commanding ~1.3% market share. Its manufacturing facilities are spread across India, Europe & America. Air compressors, automotive equipment contributed 88.1%, 11.9%, respectively in FY18. With a profitable turnaround of foreign subsidiaries like Rotair in Italy, Patton's in US, coupled with signs of growth revival in Indian operations, Elgi is in a sweet spot for solid...