Elgi Equipments Ltd
NSE: ELGIEQUIP BSE: 522074
â‚ą584.65
(3.97%)
Thu, 08 Oct 2026, 04:09 pm
Market Cap (in Cr)18543.93
PE Ratio41.31
Dividend0.46
Producer Manufacturing
Industrial Machinery
24.5KElgi Equipments Analysis
dividend
- Dividends per share have increased over the past 10 years.
- Dividends paid are well covered by earnings (3.7x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
- Dividends per share have been stable in the past 10 years.
- ELGI Equipments's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
- ELGI Equipments's dividend is below the markets top 25% of dividend payers in India (3.08%).
future
- Cash flow for ELGI Equipments is expected to decrease over the next 2 years.
- ELGI Equipments's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
- ELGI Equipments's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
- ELGI Equipments's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.2%.
- ELGI Equipments's earnings are expected to decrease over the next year.
- ELGI Equipments's net income is expected to decrease over the next 2 years.
- ELGI Equipments is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
- Performance (ROE) is not expected to exceed the current IN Machinery industry average.
- A decline in ELGI Equipments's performance (ROE) is expected over the next 3 years.
- ELGI Equipments's revenue is expected to decrease over the next 2 years.
- ELGI Equipments's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
- ELGI Equipments's revenues are expected to decrease over the next 1-3 years, this is below the India market average.
health
- ELGI Equipments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- ELGI Equipments is profitable, therefore cash runway is not a concern.
- ELGI Equipments is profitable, therefore cash runway is not a concern.
- Debt is well covered by operating cash flow (30.3%, greater than 20% of total debt).
- Debt is covered by short term assets, assets are 2.8x debt.
- ELGI Equipments's cash and other short term assets cover its long term commitments.
- The level of debt compared to net worth has been reduced over the past 5 years (85.5% vs 39.7% today).
- Interest payments on debt are well covered by earnings (EBIT is 14.2x coverage).
- ELGI Equipments's level of debt (39.7%) compared to net worth is satisfactory (less than 40%).
- High level of physical assets or inventory.
management
- The average tenure for the ELGI Equipments board of directors is over 10 years, this suggests they are a seasoned and experienced board.
- Jairam's remuneration is lower than average for companies of similar size in India.
- Jairam's compensation has been consistent with company performance over the past year, both up more than 20%.
- The average tenure for the ELGI Equipments management team is less than 2 years, this suggests a new team.
misc
- ELGI Equipments has significant price volatility in the past 3 months.
past
- ELGI Equipments's year on year earnings growth rate has been positive over the past 5 years.
- ELGI Equipments's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- ELGI Equipments used its assets less efficiently than the IN Machinery industry average last year based on Return on Assets.
- ELGI Equipments's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
- ELGI Equipments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- ELGI Equipments's 1-year earnings growth is negative, it can't be compared to the IN Machinery industry average.
value
- BSE:522074 is up 8.6% along with the Machinery industry (8.3%) over the past month.
- BSE:522074 is up 8.6% along with the India market (8%) over the past month.
- ELGI Equipments's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
- ELGI Equipments's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
- ELGI Equipments is overvalued based on assets compared to the IN Machinery industry average.
- ELGI Equipments earnings are not expected to grow next year, we can't assess if its growth is good value.
- ELGI Equipments is overvalued based on earnings compared to the IN Machinery industry average.
- ELGI Equipments is overvalued based on earnings compared to the India market.
- 522074 underperformed the Machinery industry which returned -23.7% over the past year.
- 522074 underperformed the Market in India which returned -14.5% over the past year.
