āagman

Not investment advice. Data and computed figures, for information only.

Elgi Equipments Ltd

NSE: ELGIEQUIP
₹571.60
−₹2.75 (−0.48%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹18,481 Cr
CMP
₹571.60
52-wk High / Low
₹653 / 408
P/E
39.8
P/B
8.3
Book Value
₹70.4
Div Yield
0.46%
ROCE
22.0%
ROE
19.0%
Face Value
₹1
D/E
0.24

Price+18.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹147
√(22.5 × EPS × book value per share)
ROIC
13.4%
vs 12.3% sector median
Cash flow to profit
1.06
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+64
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
15.5%
ROE × earnings retention ratio
ROE stability
3.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.30DII +1.04
Latest quarter vs the previous one
Cash-accrual divergence
−0.7%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 22% vs the 2024 sector median of 21.5%)
+Price trades above its 200-day moving average (1.0x)
+PE of 39.8x is below the sector median of 43.6x
Watch-outs
−Borrowings are up 75.3% since FY2016 (304 to 533)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7248068228668018698489938679681,0031,1131,062
Expenses635663692741687727728843746828860940907
Operating Profit89143129125114142119150121140144173155
OPM %12.3%17.7%15.7%14.4%14.2%16.3%14.0%15.1%14.0%14.5%14.4%15.5%14.6%
Other Income20131315141615182355112215
Interest57810986877566
Depreciation19191920191919201921212525
Profit before tax86130114110100131111140118167129164140
Net Profit609184767395811028612195128103
EPS (₹)1.912.882.652.412.302.992.543.222.703.833.004.043.26

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2941,4011,3701,6041,8631,8291,9242,5253,0413,2183,5103,9514,146
Expenses1,2041,2741,2291,4261,6691,6921,7072,2272,6042,7272,9823,3683,534
Operating Profit90127141178194138217298437491529583612
OPM %7.0%9.1%10.3%11.1%10.4%7.5%11.3%11.8%14.4%15.3%15.1%14.8%14.8%
Other Income3261410111425541756063110103
Interest171497111715152434343024
Depreciation37444544516574747877768692
Profit before tax687510013714470153263510440482577599
Net Profit4851749510343102178371312350430448
EPS (₹)1.521.612.343.013.251.343.235.6311.709.8511.0513.5714.13

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital161616161616323232323232—
Reserves4785305916737557538381,0011,3391,5801,8342,200—
Borrowings367304251266238448465436577638577533—
Other Liabilities296256250298366334430491531558594773—
Total Liabilities1,1561,1061,1081,2531,3751,5511,7651,9592,4792,8073,0373,538—
Fixed Assets454462441440504600572553587587592699—
CWIP10242644731053136—
Investments1515151514122431374181165—
Other Assets6776276487958519351,1651,3671,8522,1702,3122,539—
Total Assets1,1561,1061,1081,2531,3751,5511,7651,9592,4792,8073,0373,538—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity9778126126471723524069166285391454
Cash from Investing Activity−122−17−16−39−53−107−152−1102−217−101−283−98
Cash from Financing Activity20−52−100−77−10−6091−48−8160−79−217−312
Net Cash Flow−410109−175−2582−118105−10943

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.08.011.013.016.016.08.013.019.024.022.022.022.0
ROE %————————————19.0
EPS (₹)1.441.521.612.343.013.251.343.235.6311.709.8511.0513.57
Book Value (₹)————————————70.4
Face Value (₹)————————————1
P/E————————————39.8
Div Yield %————————————0.46
NPM %3.43.63.65.35.95.52.35.26.911.59.59.810.6
OPM %8.07.09.010.011.010.08.011.012.014.015.015.015.0
D/E0.730.740.560.410.390.310.580.530.420.420.400.310.24
P/B————————————8.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+15.0%
3 years+9.0%
TTM+16.0%
Compounded profit growth
10 years+22.0%
5 years+31.0%
3 years+11.0%
TTM+28.0%
Stock price CAGR
10 years+20.0%
5 years+24.0%
3 years+6.0%
Last year+21.0%
Return on equity
10 years17.0%
5 years20.0%
3 years20.0%
Last year19.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters31.90%31.90%31.90%31.90%31.90%31.91%31.32%31.19%31.19%31.19%31.19%31.19%
FIIs15.07%15.07%16.39%18.58%20.69%22.95%26.24%29.09%29.54%29.09%22.20%21.90%
DIIs12.91%12.91%11.50%10.10%10.24%9.51%5.96%4.87%4.97%4.98%9.08%10.12%
Government————————————
Public40.12%40.12%40.21%39.42%37.17%35.51%36.28%34.67%34.12%34.36%37.00%36.30%
No. of shareholders18,15718,15718,78418,77317,78827,03946,16447,23655,15068,53389,69589,318
Change since Jun 2023 (pp)
Promoters −0.71FIIs +6.83DIIs −2.79Public −3.82

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Credit RatingAnnouncement under Regulation 30 (LODR)-Diversification / DisinvestmentAnnouncement under Regulation 30 (LODR)-Change in Management
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTMar 2026TranscriptMar 2026PPTFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPT

Corporate actions

As of 17 Jul 2026
17 Jul 2026DIVIDENDDividend - Rs 2.70 Per Share—
18 Jul 2025DIVIDENDDividend - Rs 2.20 Per Share—
24 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
28 Jul 2023DIVIDENDDividend - Rs 2 Per Share—
4 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 1.15 Per Share—
23 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 0.80 Per Share—
24 Sep 2020BONUS Bonus 1:1—
18 Mar 2020DIVIDEND Interim Dividend - Rs 1.65 Per Share—
25 Jul 2019DIVIDEND Annual General Meeting/ Dividend - Rs 1.30 Per Share—
2 Aug 2018DIVIDEND Annual General Meeting/Dividend- Rs 1.20 Per Share—
20 Jul 2017DIVIDEND Annual General Meeting/Dividend Re 1/- Per Share—
21 Jul 2016DIVIDEND Annual General Meeting/ Dividend - Re 1/- Per Share—
23 Jul 2015DIVIDENDAnnual General Meeting/Dividend - Re 1/- Per Share—
8 Sep 2014DIVIDENDAnnual General Meeting / Final Dividend - Re 1/- Per Share—
18 Jul 2013DIVIDENDAnnual General Meeting And Dividend Re.1/- Per Share—
19 Jul 2012DIVIDENDAnnual General Meeting And Dividend - Re.1/- Per Share—
13 Jul 2011DIVIDENDAnnual General Meeting And Dividend Re.1/- Per Share—
14 Dec 2010BONUSBonus 1:1—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman