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Fundamental Analysis of Elgi Equipments Ltd

About the Company - Elgi Equipments Ltd

Elgi Equipments Ltd. is a Public Limited Listed company incorporated on 14/03/1960 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L29120TZ1960PLC000351 and registration number is 000351. Currently Company is involved in the business activities of Manufacture of other pumps, compressors, taps and valves. Company’s Total Operating Revenue is Rs. 1582.59 Cr. and Equity Capital is Rs. 31.69 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
CompressorsElgi Industrial Complex, Trichy Road, Coimbatore Tamil Nadu 641005investor@elgi.com
http://www.elgi.com
Management
NamePosition Held
Mr. Jairam VaradarajManaging Director
Mr. N Mohan NambiarNon Executive Director
Mr. B VijayakumarNon Executive Director
Mr. Sudarsan VaradarajNon Executive Director
Dr. Ganesh DevarajNon Executive Director
Mr. M RamprasadNon Executive Director
Mr. Harjeet Singh WahanNon Executive Director
Mrs. Aruna ThangarajNon Executive Director
Mr. Anvar Jay VaradarajExecutive Director

Elgi Equipments Ltd. Share Price Update

Share PriceValue
Today₹518.70
Previous Day₹518.70

Basic Stock Data of Elgi Equipments Ltd

Market Cap 16,538 Cr.
Current Price 522
High / Low623/355
Stock P/E41.2
Book Value 46.1
Dividend Yield0.38 %
ROCE24.4 %
ROE23.8 %
Face Value 1.00

Elgi Equipments Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales480547611489652656728694739772836724806
Expenses414486531457572582621616626659708635663
Operating Profit6661793280741067811311312789143
OPM %14%11%13%7%12%11%15%11%15%15%15%12%18%
Other Income676121811161416181282013
Interest3333332356557
Depreciation18192019181820192020201919
Profit before tax5146632377641007010410523186130
Tax %35%24%31%47%33%34%27%31%31%24%26%29%30%
Net Profit333543125242734972801706091
EPS in Rs1.051.091.370.381.631.322.311.542.272.535.371.912.88

Elgi Equipments Ltd Quarterly Chart

Elgi Equipments Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9921,1251,3501,2941,4011,3701,6041,8631,8291,9242,5253,0413,138
Expenses8801,0241,2491,2041,2741,2291,4261,6691,6921,7072,2272,6042,666
Operating Profit11210210190127141178194138217298437472
OPM %11%9%8%7%9%10%11%10%8%11%12%14%15%
Other Income15169326141011142554175179
Interest3712171497111715152423
Depreciation14182637444544516574747876
Profit before tax1119372687510013714470153263510552
Tax %32%35%37%30%32%26%30%28%39%33%32%27%
Net Profit7660464851749510343102178371402
EPS in Rs2.381.901.441.521.612.343.013.251.343.235.6311.7012.69
Dividend Payout %21%28%35%33%31%21%20%20%61%25%20%17%

Elgi Equipments Ltd Profit & Loss Yearly Chart

Elgi Equipments Ltd Growth

Compounded Sales Growth
10 Years::10%
5 Years::14%
3 Years::18%
TTM::11%

Elgi Equipments Ltd Growth

Compounded Profit Growth
10 Years::17%
5 Years::24%
3 Years::89%
TTM::71%

Elgi Equipments Ltd Growth

Stock Price CAGR
10 Years::29%
5 Years::35%
3 Years::57%
1 Year::8%

Elgi Equipments Ltd Growth

Return on Equity
10 Years::14%
5 Years::16%
3 Years::19%
Last Year::24%

Elgi Equipments Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital16161616161616161632323232
Reserves3824184484785305916737557538381,0011,3391,430
Borrowings9288337367304251266238448465436577624
Other Liabilities214332363296256250298366334430491531532
Total Liabilities6211,0541,1641,1561,1061,1081,2531,3751,5511,7651,9592,4792,618
Fixed Assets109297391454462441440504600572553587585
CWIP8768610242644736
Investments15151515151515141224313743
Other Assets4906666726776276487958519351,1651,3671,8521,984
Total Assets6211,0541,1641,1561,1061,1081,2531,3751,5511,7651,9592,4792,618

Elgi Equipments Ltd Reserves and Borrowings Chart

Elgi Equipments Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 49-719778126126471723524069166
Cash from Investing Activity -24-259-122-17-16-39-53-107-152-1102-217
Cash from Financing Activity -1825420-52-100-77-10-6091-48-8160
Net Cash Flow8-75-410109-175-2582-118

Elgi Equipments Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days487366696665787269766866
Inventory Days7212611813210610911099128122130143
Days Payable7195928279838687781038675
Cash Conversion Cycle501039211992911028311995112135
Working Capital Days458063736667766195868489
ROCE %30%17%11%8%11%13%16%16%8%13%19%24%

Elgi Equipments Ltd Financial Efficiency Indicators Chart

No valid data available for the Shareholding

Elgi Equipments Ltd Shareholding Pattern Chart

No. of Elgi Equipments Ltd Shareholders

Elgi Equipments Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Small Cap Fund100000002.39505.35
LIC MF Flexi Cap Fund2054471.2310.38
Nippon India Nifty Smallcap 250 Index Fund1302480.916.58
Motilal Oswal Nifty Smallcap 250 Index Fund817750.914.13
LIC MF Small Cap Fund708662.123.58
SBI Nifty Smallcap 250 Index Fund600160.913.03
Motilal Oswal Nifty 500 Index Fund89360.080.45
Edelweiss Nifty Smallcap 250 Index Fund27610.910.14
Groww Nifty Total Market Index Fund4880.080.02
Motilal Oswal Nifty 500 ETF3910.080.02

Elgi Equipments Ltd ROCE Trend

Elgi Equipments Ltd EPS Trend

Elgi Equipments Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)11.725.643.242.696.51
Diluted EPS (Rs.)11.715.643.242.696.51
Cash EPS (Rs.)14.077.945.536.729.59
Book Value[Excl.RevalReserv]/Share (Rs.)43.2732.5827.4548.5348.65
Book Value[Incl.RevalReserv]/Share (Rs.)43.2732.5827.4548.5348.65
Revenue From Operations / Share (Rs.)95.9579.6760.71115.46117.61
PBDIT / Share (Rs.)15.7810.967.559.4112.71
PBIT / Share (Rs.)13.328.615.205.299.49
PBT / Share (Rs.)16.038.264.784.318.92
Net Profit / Share (Rs.)11.625.593.192.616.37
NP After MI And SOA / Share (Rs.)11.705.633.232.696.50
PBDIT Margin (%)16.4413.7512.428.1510.80
PBIT Margin (%)13.8810.808.564.588.06
PBT Margin (%)16.7010.367.863.737.58
Net Profit Margin (%)12.117.015.252.255.41
NP After MI And SOA Margin (%)12.197.065.322.325.53
Return on Networth / Equity (%)27.0417.2811.785.5313.36
Return on Capital Employeed (%)28.5223.5416.189.0617.38
Return On Assets (%)14.829.085.802.737.43
Long Term Debt / Equity (X)0.010.050.090.130.09
Total Debt / Equity (X)0.370.350.420.500.25
Asset Turnover Ratio (%)0.991.050.800.901.08
Current Ratio (X)1.791.651.511.421.58
Quick Ratio (X)1.201.061.060.871.05
Inventory Turnover Ratio (X)2.523.282.212.622.94
Dividend Payout Ratio (NP) (%)9.8014.170.00130.3619.98
Dividend Payout Ratio (CP) (%)8.1010.000.0051.4713.36
Earning Retention Ratio (%)90.2085.830.00-30.3680.02
Cash Earning Retention Ratio (%)91.9090.000.0048.5386.64
Interest Coverage Ratio (%)25.2931.2617.749.5922.42
Interest Coverage Ratio (Post Tax) (%)14.3016.948.503.6612.23
Enterprise Value (Cr.)13869.858952.376135.102077.183943.78
EV / Net Operating Revenue (X)4.563.553.191.142.12
EV / EBITDA (X)27.7425.7825.6513.9319.58
MarketCap / Net Operating Revenue (X)4.583.513.130.962.08
Retention Ratios (%)90.1985.820.00-30.3680.01
Price / BV (X)10.168.586.932.315.02
Price / Net Operating Revenue (X)4.583.513.130.962.08
EarningsYield0.020.020.010.020.02

Elgi Equipments Ltd Profitability Ratios (%)

Elgi Equipments Ltd Liquidity Ratios

Elgi Equipments Ltd Liquidity Ratios (%)

Elgi Equipments Ltd Interest Coverage Ratios (%)

Elgi Equipments Ltd Valuation Ratios

Fair Value of Elgi Equipments Ltd Stock

Fair Value: ₹453.76

The stock is overvalued by 13.07% compared to the current price ₹522

*This is not Investment Advice

Strength and Weakness of Elgi Equipments Ltd Stock

StrengthWeakness

The company has higher reserves compared to borrowings, indicating strong financial stability.

The company has shown consistent growth in sales and profit over the years.

The stock has a low average ROCE, which may not be favorable.

The stock has a high average Working Capital Days, which may not be favorable.

The stock has a high average Cash Conversion Cycle, which may not be favorable.

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