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 revenue projections indicate a decrease from the prior year, which may make investors hesitant. A revenue decline could harm the company's bottom line, prompting investors to be more careful, as lower earnings often signal potential issues with profitability and future performance.

Financial Ratios:

currentRatio 2.117000
forwardPE 28.396431
debtToEquity 26.275000
earningsGrowth 0.281000
revenueGrowth 0.114000
grossMargins 0.502230
operatingMargins 0.123140
trailingEps 12.330000
forwardEps 14.966670

Elgi Equipments Limited's current ratio of 2.117 highlights the company's solid liquidity, indicating that it can easily service its short-term debt. Elgi Equipments Limited's ample cash reserves and current assets ensure that the company is well-positioned to meet its immediate financial liabilities.
ELGIEQUIP's Forward PE is within a good range, showing that the stock price compares well to its earnings. This suggests it isn't overpriced and leaves room for growth, making the stock appealing to investors looking for value and growth opportunities.
ELGIEQUIP's low Debt-to-Equity ratio reflects limited reliance on debt, signaling the company is not over-leveraged. This lower financial risk suggests that ELGIEQUIP has a strong capital structure, which can help sustain long-term stability and attract cautious investors.
Positive earnings and revenue growth for ELGIEQUIP point to expected business expansion. The company is projected to continue growing its operations, as increasing profits and sales highlight a strong trajectory for further growth in the future.
Elgi Equipments Limited's forward EPS is higher than its trailing EPS, suggesting the company is expected to improve its profitability this financial year. This reflects growing confidence in Elgi Equipments Limited's earnings potential, with forecasts indicating better financial performance than in the prior year.

Price projections:

Price projections for ELGIEQUIP
Price projections for ELGIEQUIP

ELGIEQUIP's stock price has consistently been near the lower edge of expected values, indicating potential struggles in meeting growth projections. This trend may reflect a cautious market sentiment toward the company.

Recommendation changes over time:

Recommendations trend for ELGIEQUIP
Recommendations trend for ELGIEQUIP


Analysts are favoring Elgi Equipments Limited with a buy bias, highlighting the stock's potential as a solid investment. This recommendation might drive more investors to consider Elgi Equipments Limited as a secure and profitable option for their money, contributing to a broader positive sentiment in the market.