Overall Fundamental outlook

Business Operations:

Sector: Industrials
Industry: Specialty Industrial Machinery

Elgi Equipments Limited manufactures and sells air compressors and related parts in India, Europe, Australia, the United States, and internationally. It operates through two segments: Air Compressors and Automotive Equipments. The company offers oil lubricated screw and piston air compressors, oil free piston and screw air compressors, rotary and reciprocating air compressors, diesel and electric portable air compressors, railway air compressors, heat recovery systems, and medical air compressors and vacuum pumps, as well as air accessories; air compressor parts, filters and separators, lubricants and fluids, and service kits, and other accessories; and air compressor services. It also involved in the trading of air compressors, nitrogen systems, and altitude training systems; manufacture and trading of automotive garage equipment, compressed air systems, and vacuum pumps for medical applications; renting of property; and provision of design services. In addition, the company manufactures and trades compressors, hydraulic hammers, and rampi cars. The company serves manufacturing, textile, agriculture, automotive, and construction industries. Elgi Equipments Limited was incorporated in 1960 and is based in Coimbatore, India.

Revenue projections:

Revenue projections for ELGIEQUIP
Revenue projections for ELGIEQUIP

Elgi Equipments Limited is projected to see a decline in revenue compared to last year, which could lead to investor caution. A drop in earnings is often viewed as a negative signal for profitability, making it more difficult for the company to maintain investor confidence in its financial health.

Financial Ratios:

currentRatio 0.00000
forwardPE 35.53247
debtToEquity 26.27500
earningsGrowth 0.18200
revenueGrowth 0.18400
grossMargins 0.50102
operatingMargins 0.12218
trailingEps 12.79000
forwardEps 15.40000

ELGIEQUIP's low Debt-to-Equity ratio indicates the company is not over-leveraged. This suggests a balanced financial structure with limited reliance on debt, which reduces financial risk and enhances its stability, making ELGIEQUIP's financial position more secure and appealing to investors.
With both earnings and revenue growth showing positive trends, ELGIEQUIP is expected to expand its business. This signals a healthy financial trajectory, suggesting that the company is positioned for continued growth and increasing profitability.
ELGIEQUIP's forward EPS surpasses its trailing EPS, indicating that the company is expected to be more profitable in the current financial year. This reflects growing confidence in ELGIEQUIP's earnings potential, suggesting stronger financial performance compared to the previous year.

Price projections:

Price projections for ELGIEQUIP
Price projections for ELGIEQUIP

ELGIEQUIP's price projections have steadily risen over time, pointing to increasing optimism about the company's prospects. This upward revision suggests that analysts expect ELGIEQUIP to continue delivering solid performance in the future.

Recommendation changes over time:

Recommendations trend for ELGIEQUIP
Recommendations trend for ELGIEQUIP


Analysts' recent buy bias toward ELGIEQUIP suggests the stock is gaining favor as a strong investment choice. This optimism could drive more investors to see ELGIEQUIP as a smart place to invest, further bolstering confidence in the company's long-term growth and potential returns.