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

ELGIEQUIP's revenues are expected to fall below last year's, and this forecast tends to raise concerns among investors. A revenue drop can negatively impact the company's profitability, making investors more cautious about their positions due to the risks of declining financial performance.

Financial Ratios:

currentRatio 2.10400
forwardPE 34.92480
debtToEquity 30.93900
earningsGrowth 0.33600
revenueGrowth 0.14700
grossMargins 0.50248
operatingMargins 0.13793
trailingEps 11.10000
forwardEps 10.73000

Elgi Equipments Limited's current ratio of 2.104 indicates strong liquidity, meaning the company can comfortably meet its short-term debt obligations. This financial position reflects Elgi Equipments Limited's ability to use its cash reserves and current assets to cover liabilities without facing any cash flow issues.
ELGIEQUIP's positive earnings and revenue growth indicate that the company is well-positioned for business expansion. This growth suggests a strong financial trajectory, with ELGIEQUIP expected to continue increasing its profits and revenue in the coming periods.
Elgi Equipments Limited's lower forward EPS compared to its trailing EPS indicates that the company may be less profitable in the upcoming year. This suggests a potential slowdown in earnings, which could be a sign of weaker financial performance ahead.

Price projections:

Price projections for ELGIEQUIP
Price projections for ELGIEQUIP



Recommendation changes over time:

Recommendations trend for ELGIEQUIP
Recommendations trend for ELGIEQUIP


Analysts' buy bias for Elgi Equipments Limited signals that the stock is considered a favorable investment. This outlook might prompt investors to allocate funds to Elgi Equipments Limited, seeing it as a solid and profitable choice to park their money and potentially benefit from the company's long-term growth.