NSE: ELGIEQUIP | BSE: 522074

Mid-range Performer

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482.20 5.60 (1.17%)

31.01% Fall from 52W High

164.6K NSE+BSE Volume

NSE 30 Sep, 2025 3:31 PM (IST)

15,281.4

Market Cap

Market Runner Up

1.3

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.

Elgi Equipments Ltd.

20 Feb 2017

482.20

1.17%

Elgi Equipments Ltd: Strategic Measures to Aid Growth (Feb 20, 2017)

Hold: Elgi Equipments Ltd.

Karvy

Strategic Measures to Aid Growth:Flattish numbers for Q3FY17, affected by muted demand - Elgi's Q3FY17 performance is quite flattish on account of muted demand from key customers both domestically & internationally and the numbers were affected to the extent of Belair's exclusion & sluggish performance in China at the consolidated level. Revenue for Q3FY17 has recorded a 2.4% growth sequentially, however a decline of 4.7% YoY.

Number of FII/FPI investors increased from 177 to 188 in Jun 2025 qtr.

Elgi Equipments Ltd.

20 Dec 2016

482.20

1.17%

Elgi Equipments Ltd: (Dec 20, 2016)

Hold: Elgi Equipments Ltd.

Karvy

Flattish numbers for Q2FY17, affected by muted demand: Elgi's Q2FY17 performance was quite flattish on account of muted demand from key customers both domestically & internationally and the numbers were affected to the extent of Belair's exclusion & sluggish performance in China at the consolidated level. Revenue for Q2FY17 has recorded a -3.9% decline sequentially, however an improvement of 1.4% YoY. EBITDA, EBIT & PAT margins have contracted by 93 bps, 112 bps & 105 bps QoQ, however, the same have expanded by 297 bps, 293 bps & 277 bps YoY to reach 10.0%, 6.9% & 5.3% for Q2FY17 respectively.

Number of FII/FPI investors increased from 177 to 188 in Jun 2025 qtr.

Elgi Equipments Ltd.

28 Jan 2016

482.20

1.17%

Elgi Equipments Ltd: Growth Driven by Domestic Resurgence & Overseas Operations ... (Jan 28, 2016)

Buy: Elgi Equipments Ltd.

Karvy

Increased domestic industrial activity complemented by adequate capacity headroom: Growth in investment activities and increased investments in key sectors like power, steel, construction, infrastructure and cement are giving an optimistic outlook for future. We believe the GFCF to GDP to improve by over 33% by FY17E, also Elgi's current capacity utilization levels of ~ 70-75% leaves enough headroom to sustain the anticipated increase in demand. We expect the compressor segment to grow at 9.4% CAGR for FY15-18E.

Elgi Equipments Ltd. has lost -27.58% in the last 1 Year

Is Elgi Equipments Ltd. worth buying?

165 Votes:

Buy 76.97%

Sell 14.55%

Hold 8.48%

RESEARCH REPORTS

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