Elgi Equipments Ltd

About [ edit ]

Elgi Equipments is engaged in the Business of Manufacturing of Air Compressors.

  • Market Cap 6,156 Cr.
  • Current Price 194
  • High / Low 219 / 56.1
  • Stock P/E 62.7
  • Book Value 23.0
  • Dividend Yield 0.42 %
  • ROCE 17.5 %
  • ROE 14.6 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 25.03%

Cons

  • Stock is trading at 8.44 times its book value
  • The company has delivered a poor sales growth of 6.86% over past five years.
  • Promoter holding is low: 31.94%
  • Company has a low return on equity of 13.93% for last 3 years.
  • Earnings include an other income of Rs.47.98 Cr.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
302 261 282 296 338 278 271 283 249 119 265 323
259 232 253 261 293 251 241 252 218 124 222 273
Operating Profit 43 29 29 35 45 27 30 30 32 -5 43 50
OPM % 14% 11% 10% 12% 13% 10% 11% 11% 13% -4% 16% 15%
Other Income 4 10 5 2 2 3 10 6 31 6 7 5
Interest 1 0 1 1 1 1 1 1 1 1 1 1
Depreciation 9 8 9 9 9 9 9 9 9 9 9 9
Profit before tax 38 31 24 27 38 20 30 26 52 -10 40 45
Tax % 37% 30% 29% 30% 30% 29% 19% 24% 19% 26% 25% 26%
Net Profit 24 22 17 19 27 14 25 20 42 -7 30 33
EPS in Rs 0.74 0.68 0.54 0.60 0.85 0.44 0.78 0.62 1.33 -0.22 0.94 1.06

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
479 581 776 795 804 828 776 866 892 1,022 1,177 1,081 957
414 483 651 688 704 706 686 754 779 890 1,035 961 838
Operating Profit 66 98 125 107 100 122 90 111 113 132 142 120 119
OPM % 14% 17% 16% 13% 12% 15% 12% 13% 13% 13% 12% 11% 12%
Other Income 7 1 10 12 13 6 12 -41 14 14 16 49 48
Interest 1 1 1 2 2 1 5 4 2 2 4 5 4
Depreciation 8 10 10 12 14 18 29 37 37 36 34 37 36
Profit before tax 63 88 123 106 97 109 69 29 88 108 121 128 127
Tax % 37% 37% 34% 28% 27% 28% 19% 68% 23% 29% 30% 21%
Net Profit 40 55 81 76 71 78 56 9 68 77 85 100 98
EPS in Rs 1.27 1.77 2.57 2.40 2.25 2.47 1.76 0.30 2.16 2.43 2.67 3.17 3.11
Dividend Payout % 21% 28% 19% 21% 22% 20% 28% 169% 23% 25% 24% 26%
Compounded Sales Growth
10 Years:6%
5 Years:7%
3 Years:7%
TTM:-18%
Compounded Profit Growth
10 Years:5%
5 Years:13%
3 Years:14%
TTM:15%
Stock Price CAGR
10 Years:15%
5 Years:24%
3 Years:12%
1 Year:211%
Return on Equity
10 Years:14%
5 Years:12%
3 Years:14%
Last Year:15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
6 8 16 16 16 16 16 16 16 16 16 16 32
Reserves 191 250 310 368 420 480 517 473 526 585 647 695 698
Borrowings 0 0 0 0 20 92 113 64 48 85 42 102 101
125 219 192 181 195 207 184 179 176 197 223 189 192
Total Liabilities 322 477 518 565 651 796 830 731 766 884 928 1,001 1,023
62 66 71 91 94 157 258 257 244 222 220 234 220
CWIP 1 2 3 7 75 85 6 1 0 2 6 4 4
Investments 39 47 47 65 85 87 118 124 138 156 175 174 175
220 362 396 401 397 467 448 350 384 504 528 590 623
Total Assets 322 477 518 565 651 796 830 731 766 884 928 1,001 1,023

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
28 107 41 44 2 40 79 135 87 28 107 73
-17 -29 -14 -34 -89 -95 -74 -46 -38 -61 -53 -71
-5 8 -11 -19 1 53 -4 -71 -35 15 -65 0
Net Cash Flow 7 87 16 -8 -86 -2 1 19 15 -18 -11 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 35% 42% 43% 30% 23% 21% 12% 15% 16% 18% 18% 17%
Debtor Days 53 45 41 55 68 79 78 67 65 90 89 86
Inventory Turnover 5.15 6.02 6.41 5.51 5.14 4.88 4.25 4.87 5.33 5.60 6.13 5.28

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
31.90 31.90 31.90 31.90 31.90 31.90 31.90 31.90 31.90 31.91 31.91 31.91
16.37 16.74 17.36 18.58 18.98 19.68 20.63 20.69 21.09 21.94 22.11 22.95
11.34 11.28 10.08 10.10 10.39 10.10 9.62 10.24 10.24 10.35 10.21 9.51
40.39 40.07 40.66 39.42 38.73 38.32 37.85 37.17 36.77 35.68 35.66 35.51
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.12 0.12

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