Elgi Equipments Ltd

Elgi Equipments Ltd

₹ 610 -1.38%
12 Dec 4:00 p.m.
About

Incorporated in 1960, Elgi Equipments Limited along with its subsidiaries, is in the business of manufacturing and supplying Air Compressors
** &
Automotive Equipments**. It is also providing related after sales services [1]

Key Points

Product Offerings
Co. manufactures a wide range of oil-lubricated and oil-free air compressors including Screw Compressors, Piston Compressors, Rotary Screw Compressors, Reciprocating Compressors and Centrifugal Compressors. It also offers diesel-powered Portable Screw Compressors, Railway Air Compressors, Heat Recovery Systems, Medical Air Compressors, Dryers, Air Receiver Tank and other Air Accessories.[1]

  • Market Cap 19,312 Cr.
  • Current Price 610
  • High / Low 799 / 503
  • Stock P/E 58.9
  • Book Value 54.4
  • Dividend Yield 0.33 %
  • ROCE 22.3 %
  • ROE 20.6 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 24.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.3%

Cons

  • Stock is trading at 11.2 times its book value
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
652 656 728 694 739 772 836 724 806 822 866 801 869
572 582 621 616 626 659 708 635 663 692 741 687 727
Operating Profit 80 74 106 78 113 113 127 89 143 129 125 114 142
OPM % 12% 11% 15% 11% 15% 15% 15% 12% 18% 16% 14% 14% 16%
18 11 16 14 16 18 128 20 13 13 15 14 16
Interest 3 3 2 3 5 6 5 5 7 8 10 9 8
Depreciation 18 18 20 19 20 20 20 19 19 19 20 19 19
Profit before tax 77 64 100 70 104 105 231 86 130 114 110 100 131
Tax % 33% 34% 27% 31% 31% 24% 26% 29% 30% 27% 31% 27% 28%
52 42 73 49 72 80 170 60 91 84 76 73 95
EPS in Rs 1.63 1.32 2.31 1.54 2.27 2.53 5.37 1.91 2.88 2.65 2.41 2.30 2.99
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,125 1,350 1,294 1,401 1,370 1,604 1,863 1,829 1,924 2,525 3,041 3,218 3,358
1,024 1,249 1,204 1,274 1,229 1,426 1,669 1,692 1,707 2,227 2,604 2,727 2,848
Operating Profit 102 101 90 127 141 178 194 138 217 298 437 491 510
OPM % 9% 8% 7% 9% 10% 11% 10% 8% 11% 12% 14% 15% 15%
16 9 32 6 14 10 11 14 25 54 175 60 58
Interest 7 12 17 14 9 7 11 17 15 15 24 34 35
Depreciation 18 26 37 44 45 44 51 65 74 74 78 77 77
Profit before tax 93 72 68 75 100 137 144 70 153 263 510 440 455
Tax % 35% 37% 30% 32% 26% 30% 28% 39% 33% 32% 27% 29%
60 46 48 51 74 95 103 43 102 178 371 312 328
EPS in Rs 1.90 1.44 1.52 1.61 2.34 3.01 3.25 1.34 3.23 5.63 11.70 9.84 10.35
Dividend Payout % 28% 35% 33% 31% 21% 20% 20% 61% 25% 20% 17% 20%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 19%
TTM: 7%
Compounded Profit Growth
10 Years: 21%
5 Years: 24%
3 Years: 44%
TTM: -18%
Stock Price CAGR
10 Years: 23%
5 Years: 38%
3 Years: 26%
1 Year: 13%
Return on Equity
10 Years: 15%
5 Years: 17%
3 Years: 21%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 16 16 16 16 16 16 16 16 32 32 32 32 32
Reserves 418 448 478 530 591 673 755 753 838 1,001 1,339 1,579 1,691
288 337 367 304 251 266 238 448 465 436 577 638 521
332 363 296 256 250 298 366 334 430 491 531 558 537
Total Liabilities 1,054 1,164 1,156 1,106 1,108 1,253 1,375 1,551 1,765 1,959 2,479 2,807 2,781
297 391 454 462 441 440 504 600 572 553 587 587 579
CWIP 76 86 10 2 4 2 6 4 4 7 3 10 13
Investments 15 15 15 15 15 15 14 12 24 31 37 41 44
666 672 677 627 648 795 851 935 1,165 1,367 1,852 2,170 2,144
Total Assets 1,054 1,164 1,156 1,106 1,108 1,253 1,375 1,551 1,765 1,959 2,479 2,807 2,781

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-71 97 78 126 126 47 172 35 240 69 166 288
-259 -122 -17 -16 -39 -53 -107 -152 -110 2 -217 -101
254 20 -52 -100 -77 -10 -60 91 -48 -81 60 -82
Net Cash Flow -75 -4 10 10 9 -17 5 -25 82 -11 8 105

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 73 66 69 66 65 78 72 69 76 68 66 68
Inventory Days 126 118 132 106 109 110 99 128 122 130 143 145
Days Payable 95 92 82 79 83 86 87 78 103 86 75 80
Cash Conversion Cycle 103 92 119 92 91 102 83 119 95 112 135 133
Working Capital Days 80 63 73 66 67 76 61 95 86 84 89 91
ROCE % 17% 11% 8% 11% 13% 16% 16% 8% 13% 19% 24% 22%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
31.91% 31.32% 31.32% 31.19% 31.19% 31.19% 31.19% 31.19% 31.19% 31.19% 31.19% 31.19%
24.89% 26.24% 27.00% 28.99% 29.25% 29.09% 29.33% 28.82% 29.02% 29.54% 29.47% 29.40%
6.76% 5.96% 5.93% 4.76% 4.77% 4.87% 4.87% 4.84% 4.92% 4.97% 5.00% 5.04%
36.25% 36.28% 35.56% 34.87% 34.58% 34.67% 34.47% 34.96% 34.70% 34.12% 34.11% 34.17%
0.19% 0.19% 0.19% 0.19% 0.19% 0.17% 0.14% 0.18% 0.16% 0.16% 0.23% 0.17%
No. of Shareholders 40,12346,16444,38652,38248,78647,23649,93458,12656,75455,15054,98863,568

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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