Elgi Equipments Ltd.

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

512.25
2.96%
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...
Promoters pledged 0.21% of shares in last quarter. Total pledge stands at 0.88% of promoter holdings
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