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

Investors are expected to be cautious with ELGIEQUIP, as its revenues are projected to fall compared to last year. A decline in revenue often results in a negative impact on profitability, prompting concerns about the company's financial stability and making investors more conservative in their approach.

Financial Ratios:

currentRatio 2.11700
forwardPE 33.84186
debtToEquity 26.27500
earningsGrowth 0.28100
revenueGrowth 0.11400
grossMargins 0.50223
operatingMargins 0.12314
trailingEps 12.35000
forwardEps 10.73000

The current ratio for ELGIEQUIP is 2.117, indicating that the company can service its short-term debt using available cash and assets. This suggests ELGIEQUIP has strong liquidity, with more than enough resources to meet its immediate financial commitments.
ELGIEQUIP's low Debt-to-Equity ratio means it is not excessively leveraged, implying a reduced financial risk profile. This suggests ELGIEQUIP maintains a well-balanced financial structure, with more emphasis on equity than debt, ensuring greater flexibility and long-term stability.
ELGIEQUIP's positive growth in earnings and revenue suggests the company is on track to expand its business. These indicators highlight a healthy financial performance, with ELGIEQUIP expected to increase its market presence and profitability.
ELGIEQUIP's lower forward EPS compared to trailing EPS suggests the company's earnings are expected to decline. This indicates that ELGIEQUIP may be less profitable in the upcoming year, raising questions about its financial trajectory.

Price projections:

Price projections for ELGIEQUIP
Price projections for ELGIEQUIP

Price projections for Elgi Equipments Limited have been revised lower over time, signaling a more cautious outlook from analysts. The gradual downward trend indicates that expectations for the company's growth may be softening.

Recommendation changes over time:

Recommendations trend for ELGIEQUIP
Recommendations trend for ELGIEQUIP


The recent buy bias for ELGIEQUIP from analysts signals strong confidence in the stock's potential. This positive sentiment could encourage investors to see ELGIEQUIP as a smart place to invest their money, especially those looking for stable, long-term returns in a well-established company.