Name: Latest research reports of Elgi Equipments Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Elgi Equipments Ltd.
Rating: 3
Author: ICICI Securities Limited

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...