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Last Updated on: 19 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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. Anvar Jay VaradarajExecutive Director
Mr. B VijayakumarNon Executive Director
Mr. Sudarsan VaradarajNon Executive Director
Dr. Ganesh DevarajNon Executive Director
Mr. M RamprasadNon Executive Director
Ms. Aruna ThangarajNon Executive Director

Basic Stock Data of Elgi Equipments Ltd

Last Updated: July 18, 2024, 11:12 pm

Market Cap 21,595 Cr.
Current Price 681
High / Low799/462
Stock P/E70.2
Book Value 50.8
Dividend Yield0.29 %
ROCE22.3 %
ROE20.6 %
Face Value 1.00
PEG Ratio1.24

Data Source: screener.in

Elgi Equipments Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales547611489652656728694739772836724806822
Expenses486531457572582621616626659708635663692
Operating Profit61793280741067811311312789143129
OPM %11%13%7%12%11%15%11%15%15%15%12%18%16%
Other Income7612181116141618128201313
Interest3333323565578
Depreciation19201918182019202020191919
Profit before tax46632377641007010410523186130114
Tax %24%31%47%33%34%27%31%31%24%26%29%30%27%
Net Profit354312524273497280170609184
EPS in Rs1.091.370.381.631.322.311.542.272.535.371.912.882.65

Last Updated: July 11, 2024, 10:48 am

Elgi Equipments Ltd Quarterly Chart

Elgi Equipments Ltd Profit & Loss

Last Updated: July 10, 2024, 4:44 pm

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:9%
5 Years:12%
3 Years:19%
TTM:6%
Compounded Profit Growth
10 Years:21%
5 Years:24%
3 Years:44%
TTM:8%
Stock Price CAGR
10 Years:27%
5 Years:39%
3 Years:48%
1 Year:20%
Return on Equity
10 Years:15%
5 Years:17%
3 Years:21%
Last Year:21%

Last Updated: July 17, 2024, 5:47 pm

Elgi Equipments Ltd Balance Sheet

Last Updated: July 10, 2024, 4:44 pm

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -719778126126471723524069166288
Cash from Investing Activity -259-122-17-16-39-53-107-152-1102-217-101
Cash from Financing Activity 25420-52-100-77-10-6091-48-8160-82
Net Cash Flow-75-410109-175-2582-118105

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

Elgi Equipments Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters31.91%31.91%31.91%31.32%31.32%31.19%31.19%31.19%31.19%31.19%31.19%31.19%
FIIs23.02%23.82%24.89%26.24%27.00%28.99%29.25%29.09%29.33%28.82%29.02%29.54%
DIIs9.24%7.34%6.76%5.96%5.93%4.76%4.77%4.87%4.87%4.84%4.92%4.97%
Public35.71%36.82%36.25%36.28%35.56%34.87%34.58%34.67%34.47%34.96%34.70%34.12%
Others0.12%0.12%0.19%0.19%0.19%0.19%0.19%0.17%0.14%0.18%0.16%0.16%
No. of Shareholders34,09541,22640,12346,16444,38652,38248,78647,23649,93458,12656,75455,150

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)Previous Number of SharesPrevious DatePercentage Change
SBI Small Cap Fund10,000,0002.39505.3560,0162024-07-1816562.22%
LIC MF Flexi Cap Fund205,4471.2310.3860,0162024-07-18242.32%
Nippon India Nifty Smallcap 250 Index Fund130,2480.916.5860,0162024-07-18117.02%
Motilal Oswal Nifty Smallcap 250 Index Fund81,7750.914.1360,0162024-07-1836.26%
LIC MF Small Cap Fund70,8662.123.5860,0162024-07-1818.08%
SBI Nifty Smallcap 250 Index Fund60,0160.913.0360,0162024-07-180%
Motilal Oswal Nifty 500 Index Fund8,9360.080.4560,0162024-07-18-85.11%
Edelweiss Nifty Smallcap 250 Index Fund2,7610.910.1460,0162024-07-18-95.4%
Groww Nifty Total Market Index Fund4880.080.0260,0162024-07-18-99.19%
Motilal Oswal Nifty 500 ETF3910.080.0260,0162024-07-18-99.35%

Elgi Equipments Ltd ROCE Trend

Elgi Equipments Ltd EPS Trend

Elgi Equipments Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)9.8611.725.643.242.69
Diluted EPS (Rs.)9.8611.715.643.242.69
Cash EPS (Rs.)12.1014.077.945.536.72
Book Value[Excl.RevalReserv]/Share (Rs.)50.8443.2732.5827.4548.53
Book Value[Incl.RevalReserv]/Share (Rs.)50.8443.2732.5827.4548.53
Revenue From Operations / Share (Rs.)101.5495.9579.6760.71115.46
PBDIT / Share (Rs.)17.0715.7810.967.559.41
PBIT / Share (Rs.)14.6513.328.615.205.29
PBT / Share (Rs.)13.7316.038.264.784.31
Net Profit / Share (Rs.)9.6811.625.593.192.61
NP After MI And SOA / Share (Rs.)9.8411.705.633.232.69
PBDIT Margin (%)16.8116.4413.7512.428.15
PBIT Margin (%)14.4313.8810.808.564.58
PBT Margin (%)13.5116.7010.367.863.73
Net Profit Margin (%)9.5312.117.015.252.25
NP After MI And SOA Margin (%)9.6912.197.065.322.32
Return on Networth / Equity (%)19.3527.0417.2811.785.53
Return on Capital Employeed (%)27.0428.5223.5416.189.06
Return On Assets (%)11.0514.829.085.802.73
Long Term Debt / Equity (X)0.010.010.050.090.13
Total Debt / Equity (X)0.340.370.350.420.50
Asset Turnover Ratio (%)1.210.991.050.800.90
Current Ratio (X)1.921.791.651.511.42
Quick Ratio (X)1.361.201.061.060.87
Inventory Turnover Ratio (X)1.972.523.282.212.62
Dividend Payout Ratio (NP) (%)0.009.8014.170.00130.36
Dividend Payout Ratio (CP) (%)0.008.1010.000.0051.47
Earning Retention Ratio (%)0.0090.2085.830.00-30.36
Cash Earning Retention Ratio (%)0.0091.9090.000.0048.53
Interest Coverage Ratio (X)18.4425.2931.2617.749.59
Interest Coverage Ratio (Post Tax) (X)11.4514.3016.948.503.66
Enterprise Value (Cr.)18846.5213869.858952.376135.102077.18
EV / Net Operating Revenue (X)5.864.563.553.191.14
EV / EBITDA (X)34.8427.7425.7825.6513.93
MarketCap / Net Operating Revenue (X)5.924.583.513.130.96
Retention Ratios (%)0.0090.1985.820.00-30.36
Price / BV (X)11.8310.168.586.932.31
Price / Net Operating Revenue (X)5.924.583.513.130.96
EarningsYield0.010.020.020.010.02

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

Fair Value: 736.76

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 8.19% compared to the current price 681

Intrinsic Value: 1,155.04

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 69.61% compared to the current price 681

Last 5 Year EPS CAGR: 56.77%

*Investments are subject to market risks

Strength and Weakness of Elgi Equipments Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 15.50%, which is a positive sign.
  2. The company has higher reserves (783.58 cr) compared to borrowings (384.58 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (77.62 cr) and profit (180.62 cr) over the years.
  1. The stock has a high average Working Capital Days of 73.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 99.42, which may not be favorable.

FAQ

What is the latest fair value of Elgi Equipments Ltd?

The latest fair value of Elgi Equipments Ltd is ₹736.76.

What is the Market Cap of Elgi Equipments Ltd?

The Market Cap of Elgi Equipments Ltd is 21,595 Cr..

What is the current Stock Price of Elgi Equipments Ltd as on 19 July 2024?

The current stock price of Elgi Equipments Ltd as on 19 July 2024 is 681.

What is the High / Low of Elgi Equipments Ltd stocks in FY 2024?

In FY 2024, the High / Low of Elgi Equipments Ltd stocks is 799/462.

What is the Stock P/E of Elgi Equipments Ltd?

The Stock P/E of Elgi Equipments Ltd is 70.2.

What is the Book Value of Elgi Equipments Ltd?

The Book Value of Elgi Equipments Ltd is 50.8.

What is the Dividend Yield of Elgi Equipments Ltd?

The Dividend Yield of Elgi Equipments Ltd is 0.29 %.

What is the ROCE of Elgi Equipments Ltd?

The ROCE of Elgi Equipments Ltd is 22.3 %.

What is the ROE of Elgi Equipments Ltd?

The ROE of Elgi Equipments Ltd is 20.6 %.

What is the Face Value of Elgi Equipments Ltd?

The Face Value of Elgi Equipments Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Elgi Equipments Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE