E

Elgi Equipments Limited

ELGIEQUIPNSE
Market snapshot · 2026-08-11 14:17 UTC

573.85

₹-8.70 (-1.49%)

MARKET CAP

₹18.09K Cr

STOCK P/E

42.1x

52W HIGH

₹633.85

52W LOW

₹408.25

BOOK VALUE

₹70.80

EPS

₹13.63

ROE

21.00%

SECTOR

Industrials

DEBT/EQUITY

23.89

VOLUME

1.77L

P/B RATIO

8.11x

PEG RATIO

1.66

Sector

Industrials

Themes

Industrial MachineryNemish Shah PortfolioGagandeep Credit Capital Pvt Ltd PortfolioTop 20 Investors in India Portfolio
D
Dividend
E
Earnings
₹609.91₹563.19₹516.47₹469.75₹423.03VolumeEEEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for ELGIEQUIP.

5.00 analysts

Price Forecast

Current
₹573.85
High Target
₹765.00
▲ +33.3%
Median Target
₹665.00
▲ +15.9%
Low Target
₹636.00
▲ +10.8%
Now₹573.85High ₹765.00Median ₹665.00Low ₹636.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
5 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹478.60 - ₹722.8980%
6M₹450.41 - ₹807.0380%
12M₹419.37 - ₹956.7580%
Realized vol: +32.2% · Drift: +15.1%

Revenue Forecast

₹ Cr
Mar '26Current₹666.0
Sep 2026 ETrend estimate range
High₹702.4Base₹650.3Low₹598.3
Jun '25: ₹503.0 · Sep '25: ₹568.0 · Dec '25: ₹606.0 · Mar '26: ₹666.0 · Sep '26: ₹650.3 · Dec '26: ₹693.8
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E503.0568.0606.0666.0650.3693.8
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹2.63
Sep 2026 ETrend estimate range
High₹3.09Base₹2.76Low₹2.43
Jun '25: ₹2.57 · Sep '25: ₹2.87 · Dec '25: ₹2.83 · Mar '26: ₹2.63 · Sep '26: ₹2.76 · Dec '26: ₹2.72
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E2.572.872.832.632.762.72
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
72%
Analyst Consensus
Unavailable

From 5 analysts

Mean upside+18.0%

Fundamentals

Strong

Fundamentals institutional score is 72 using EVA spread proxy 9.0%; growth durability 41.3.

Valuation

Fairly valued

Valuation institutional score is 60 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 76 using mean target upside 18.0%; dispersion penalty 7.6; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 79 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Unavailable

This data source has not been supplied for the decision payload.

Signal Summary

Market intelligence remains Neutral. fundamentals and analyst consensus provide support.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Fairly valuedAnalyst Consensus PositiveTechnical Structure Strong Trend

Key Data Points

Mean Target Price677.4 target
Mean Upside+18.0%
Technical Score79%
Fundamental Score73%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 7.9% above historical median. Valuation is stable — currently in the fair zone (z-score: +0.31). Confidence: 86%.

Live forward EPS implies next-12-month EPS of ₹18.23. Applying the stock's normalized valuation corridor produces a fair range of ₹651.54 to ₹804.13, with base value near ₹711.52 (+24.0% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹18.23

Forward P/E

31.5x

Base Fair Value

₹711.52

Fair Range

₹651.54 - ₹804.13

Upside To Base

+24.0%

Estimate Source

Live forward EPS

Growth Estimate

+25.3%

P/E
Fair

5Y Average

35.89

Current

42.10

Overvalued

44.11

Undervalued

35.74

EV/EBITDA
Overvalued

5Y Average

27.80

Current

32.60

Overvalued

32.38

Undervalued

24.32

P/B
Undervalued

5Y Average

8.06

Current

8.11

Overvalued

9.27

Undervalued

6.85

Peers & Comparison

Sector: Industrials · Theme: Industrial Machinery

Industrial Machinery Peers8 peers
Avg P/E: 59.4x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
KIRLOSKAR BROTHERS LTD
KIRLOSBROSIndustrial Machinery
+12.9%8.0%
41.6x
Undervalued
-30% vs avg
+3.4%
INGERSOLL-RAND INDIA LTD
INGERRANDIndustrial Machinery
-3.7%18.4%
53.7x
Fair
-10% vs avg
+18.6%
LMW LIMITED
LMWIndustrial Machinery
+24.0%5.2%
105.6x
Premium
+78% vs avg
+19.6%
KSB LIMITED
KSBIndustrial Machinery
+3.6%9.0%
57.7x
Fair
-3% vs avg
+1.7%
KIRLOSKAR PNEUMATIC COM L
KIRLPNUIndustrial Machinery
+7.6%14.5%
36.9x
Undervalued
-38% vs avg
+13.3%
AIA ENGINEERING LIMITED
AIAENGIndustrial Machinery
+9.4%28.7%
35.1x
Undervalued
-41% vs avg
+54.5%
THERMAX LTD
THERMAXIndustrial Machinery
+7.1%5.5%
76.4x
Premium
+29% vs avg
+22.9%
CYIENT DLM LIMITED
CYIENTDLMIndustrial Machinery
+34.3%6.1%
68.4x
Premium
+15% vs avg
+60.9%
WHY THESE PEERS

ELGI EQUIPMENTS LTD trades at a discount (42.1x vs peer avg 59.4x), suggesting potential undervaluation relative to the Industrial Machinery cohort. Peers include KIRLOSKAR BROTHERS LTD, INGERSOLL-RAND INDIA LTD, LMW LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹666 CrMar 2026

Latest net profit

₹83 CrMar 2026

Latest EPS

₹2.63Mar 2026

Net margin

15.0%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.0%6.0%12.0%18.0%24.0%0.00 Cr200 Cr400 Cr600 Cr800 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr200 Cr400 Cr600 Cr800 Cr₹0₹1₹2₹2₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr200 Cr400 Cr600 Cr800 Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr650 Cr1.30K Cr1.95K Cr2.60K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +456399439465540472531498580503568606666
Expenses +360318340363420378416395455406460478565
Operating Profit9681991021209411410212597108127101
OPM %21%20%23%22%22%20%22%21%22%19%19%21%15%
Other Income +2118221414132613172224422
Interest1112211000000
Depreciation10999999999101111
Profit before tax1068911110512397131107133110122121112
Tax %24%25%25%25%25%25%25%25%25%26%26%26%25%
Net Profit +81678379937398809982919083
EPS in Rs2.542.122.632.502.922.303.092.533.132.572.872.832.63
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +31.19%31.19%31.19%31.19%31.19%
FIIs +27.62%26.12%23.11%22.20%21.90%
DIIs +5.23%6.24%8.08%9.08%10.12%
Public +35.58%36.06%37.26%37.00%36.30%
Others0.38%0.39%0.36%0.53%0.49%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

General Update

Jul 24, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Jul 22, 2026PDFCompany Reports Open

Concall Transcript - FY2027

Jul 22, 2026PDFKnowledge Base Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Jul 20, 2026PDFCompany Reports Open