Elgi Equipments Ltd.

NSE: ELGIEQUIP | BSE: 522074 | ISIN: INE285A01027 | Industry: Compressors & Pumps
| Mid-range Performer

500.35
-1.09%
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. is trading above its 150 day SMA of 496.9
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