NSE: ELGIEQUIP | BSE: 522074

Mid-range Performer

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599.25 8.05 (1.36%)

46.79% Gain from 52W Low

332.9K NSE+BSE Volume

NSE 06 Oct, 2026 3:31 PM (IST)

18,990.8

Market Cap

Market Leader

Beta 1Year

Very High Volatility

Elgi Equipments Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ELGIEQUIP, BSE:522074 Elgi Equipments Ltd.

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Elgi Equipments Ltd.

01 Jun 2026

599.25

1.36%

Elgi Equipments (ELEQ IN) Q4FY26 Result Update Healthy Q4, Europe revival on cards ACCUMULATE

Accumulate: Elgi Equipments Ltd.

Target

Prabhudas Lilladhar

For Q1FY27 management expects growth broadly in line with previous year, with margins remaining stable For FY27 capex planned at ~Rs2bn, including ~Rs1.2bn for factory relocation and Rs700mn as maintenance capex ~3% price hike introduced in market to avoid hit on profitability amid commodity price increases We revise our FY27E/FY28E EPS estimates by +3.3%/+5.8%, factoring in the recent price hikes across key markets, normalization of tariff rates and a gradual turnaround...

Elgi Equipments Ltd. is trading below its 30 day SMA of 613.2

Elgi Equipments Ltd.

29 May 2026

599.25

1.36%

Elgi Equipments

Buy: Elgi Equipments Ltd.

Target

ICICI Direct

Europe Turnaround and North America momentum to drive growth ... compressors (~91% of revenue) and automotive equipment (~9%). Expansion in new international markets to drive long term incremental...

Elgi Equipments Ltd.'s price crossed above 100Day SMA today

Elgi Equipments Ltd.

27 Feb 2026

599.25

1.36%

Elgi Equipments (ELEQ IN) Analyst Meet Update Domestic strength and export market share gains Accumulate

Accumulate: Elgi Equipments Ltd.

Target

Prabhudas Lilladhar

Elgi's strategic business plan envisages ~11% revenue growth CAGR over FY26-31E driven by India (~12% CAGR) and RoW (~10% CAGR). We attended Elgi Equipments' (ELEQ) analyst meet, where management highlighted business performance, product innovation, and its medium-term strategic roadmap. The ISAAME region is expected to remain the key growth engine, supported by strong traction in the Middle East and a recovery in investment activity following tariff normalization. In North America,...

Elgi Equipments Ltd. has an average target of 701.00 from 2 brokers.

Elgi Equipments Ltd.

12 Feb 2026

599.25

1.36%

Elgi Equipments

Buy: Elgi Equipments Ltd.

Target

ICICI Direct

US & Europe trade tailwind strengthen growth visibility... About the stock: Elgi Equipment (Elgi) manufactures a wide range of air Expansion in new international markets to drive long term incremental...

Elgi Equipments Ltd. has an average target of 701.00 from 2 brokers.

Elgi Equipments Ltd.

14 Nov 2025

599.25

1.36%

Elgi Equipments

Buy: Elgi Equipments Ltd.

Target

ICICI Direct

Elgi is the second largest player in the Indian air compressor market (~22% market share) and among the top eight players globally Expansion in new international markets to drive long term incremental growth (rest of the world contributed ~48% in FY25) Q2FY26 performance: Elgi reported a decent set of numbers with amid US tariff for Q2FY26. Revenues grew 11.4% to 968 crore. EBITDA declined 1.2% YoY to 140 crore. EBITDA margins at 14.5% down 184 bps YoY (+50 QoQ). Consequently, PAT for the quarter came in at 121 crore up 28% YoY...

Elgi Equipments Ltd. is trading above its 200 day SMA of 544.7

Elgi Equipments Ltd.

27 Oct 2025

599.25

1.36%

Elgi Equipments

Buy: Elgi Equipments Ltd.

Target

ICICI Direct

Elgi Equipments Ltd. is trading below its 30 day SMA of 613.2

Elgi Equipments Ltd.

13 Aug 2025

599.25

1.36%

Elgi Equipments (ELEQ IN) Q1FY26 Result Update Steady...

Accumulate: Elgi Equipments Ltd.

Prabhudas Lilladhar

Elgi Equipments (ELEQ) delivered decent performance during the quarter, with revenue rising 8.2% YoY, while EBITDA margin contracted marginally by 25bps YoY to 14.0%. Domestic order enquiries remained healthy; however, geopolitical instability and tariff-related uncertainties delayed order finalizations. In overseas markets, Europe and Australia saw a modest...

Elgi Equipments Ltd.'s price crossed above 100Day SMA today

Elgi Equipments Ltd.

30 May 2025

599.25

1.36%

Elgi Equipments (ELEQ IN) Q4FY25 Result Update Healthy...

Accumulate: Elgi Equipments Ltd.

Recommendation Target

Prabhudas Lilladhar

Elgi Equipments (ELEQ) reported a healthy quarter, with revenue growing 14.7% YoY and EBITDA margin improving by 64bps to 15.1%. During the quarter, the domestic order inquiries remained strong though the order finalizations were delayed. ELGI's newly launched Stabilisor' is on track for a full market rollout by Q3FY26. High margin Aftermarket sales remain a key focus amid the...

Elgi Equipments has gained 24.92% in the last 6 Months

Elgi Equipments Ltd.

03 Mar 2025

599.25

1.36%

Elgi Equipments (ELEQ IN) Analyst Meet Update New...

Buy: Elgi Equipments Ltd.

Recommendation Target

Prabhudas Lilladhar

Elgi plans to expand its Electric Motors capacity while investing ~Rs2.5bn for phase 1 of MK2 plan to build new facilities of Portable business and GSC. We recently attended Elgi Equipments' plant visit & analyst meet, where the management highlighted the company's robust business performance driven by market share gains in the ISAAME (India, South Asia & Middle East) region amid strong demand and new product launches. However, North American...