Elgi Equipments Ltd.

BSE: ELGIEQUIP522074ISIN INE285A01027

Industrials
Compressors, Pumps & Diesel Engines
BSE 500

Share price

₹563.70+30.80 (+5.78%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹653.20
52W low: ₹408.95
Off 52W high: -13.70%
1M return: -4.66%
3M return: -3.33%
6M return: +2.79%
1Y return: +16.97%
20D avg volume: 26,362
50 DMA: ₹587.16
200 DMA: ₹552.67

Key ratios Consolidated

Market cap: ₹17,864 Cr
Current price: ₹563.70
52W high / low: ₹653.20 / ₹408.95
Face value: ₹1.00
P/E: 39.88
P/B: 8.01
EPS (TTM): ₹14.13
Book value / share: ₹70.41
ROE: —
ROCE: 25.40%
Operating margin: —
Net margin: —
Debt / equity: 0.18
Net debt: ₹241.30 Cr
Interest cover: 23.47
Dividend yield: 0.48%
Dividend / share (TTM): ₹2.70
Payout: 19.11%
Cash conversion cycle: 90.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,062	1,113	1,003	968.00	866.70	992.90	847.59	868.86	801.06	865.94	821.83	806.12
	20.40	22.20	24.50	51.40	19.70	16.70	13.33	14.13	13.55	14.60	11.18	11.70
	1,083	1,135	1,028	1,019	886.40	1,010	860.91	883.00	814.61	880.54	833.01	817.82
	937.60	969.50	885.80	855.80	771.70	870.40	752.31	754.55	714.74	770.29	720.39	688.65
	422.00	432.10	370.10	329.20	306.60	352.70	318.68	314.03	309.65	322.50	312.91	286.00
	128.10	141.60	145.90	142.50	108.90	107.70	98.44	104.71	101.88	97.53	91.16	82.52
	208.50	201.50	194.00	194.40	185.60	172.10	172.74	169.60	168.39	169.66	168.87	158.38
	6.00	6.10	5.00	7.00	7.30	7.90	5.57	8.41	8.57	9.60	8.47	6.61
	24.70	25.00	21.30	20.70	18.80	19.50	18.61	18.86	19.06	19.98	19.48	18.66
	169.60	178.10	170.70	167.90	145.50	163.50	142.74	145.20	133.84	144.47	121.95	116.74
	145.00	165.30	142.10	163.60	114.70	139.20	108.60	128.44	99.87	110.24	112.63	129.17
	-7.30	0.00	-15.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	137.70	165.30	127.10	163.60	114.70	139.20	108.60	128.44	99.87	110.24	112.63	129.17
	36.20	35.80	33.70	45.60	32.10	38.30	30.04	35.96	27.16	33.87	30.43	38.76
	103.30	128.00	95.20	121.40	85.60	102.00	80.58	94.72	72.84	76.24	83.88	91.29
	3.28	4.06	3.01	3.85	2.71	3.23	2.55	2.99	2.30	2.41	2.65	2.89
Key metrics
	168.40	196.40	153.40	191.30	140.80	166.60	132.78	155.71	127.50	139.82	140.58	154.44
	15.90%	17.70%	15.30%	19.80%	16.20%	16.80%	15.70%	17.90%	15.90%	16.10%	17.10%	19.20%
	9.70%	11.50%	9.50%	12.50%	9.90%	10.30%	9.50%	10.90%	9.10%	8.80%	10.20%	11.30%
	—	7.30%	—	8.10%	—	7.50%	—	—	—	—	—	—
	22.60%	12.10%	18.40%	11.40%	8.20%	14.70%	3.10%	7.80%	—	—	—	—
	20.70%	25.50%	18.10%	28.20%	17.50%	33.80%	-3.90%	3.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	4,146	3,951	3,510	3,218	3,041	2,525	1,924	1,829	1,863	1,622	1,438
	118.50	117.80	57.70	54.99	67.22	54.97	23.50	13.21	9.65	12.27	10.14
	4,265	4,068	3,568	3,273	3,108	2,580	1,948	1,843	1,873	1,635	1,448
	3,649	3,483	3,092	2,838	2,705	2,318	1,796	1,774	1,732	1,497	1,349
	1,553	1,438	1,295	1,208	1,227	1,150	705.53	757.17	782.07	704.45	532.06
	558.10	538.90	412.70	361.01	383.09	316.94	291.40	253.12	246.41	222.91	220.24
	798.40	775.50	682.80	654.91	571.89	483.95	411.74	404.56	340.83	281.26	253.82
	24.10	25.40	30.50	29.34	19.77	11.11	13.48	15.55	8.98	5.96	7.75
	91.70	85.80	76.00	76.65	77.72	74.49	74.34	65.23	51.11	—	—
	686.30	662.20	585.30	507.93	502.64	391.39	269.08	308.31	299.77	243.05	221.28
	616.00	585.70	476.10	434.99	402.50	261.71	151.33	68.32	141.32	137.74	98.88
	-22.30	-15.00	0.00	0.00	105.39	0.00	0.00	0.00	0.00	-2.74	0.00
	593.70	570.70	476.10	434.99	507.89	261.71	151.33	68.32	141.32	135.00	98.88
	151.30	147.20	131.40	128.29	139.56	84.60	50.27	26.99	40.44	41.31	26.45
	447.90	430.20	350.20	311.89	370.81	178.43	102.48	42.57	103.06	93.69	74.00
	14.20	13.65	11.09	9.86	11.72	5.64	3.24	2.69	6.51	—	—
Key metrics
	709.50	681.90	582.60	540.98	605.38	347.31	239.15	149.10	201.41	140.96	106.63
	17.11%	17.30%	16.60%	16.80%	19.90%	13.80%	12.40%	8.20%	10.80%	8.70%	7.40%
	10.80%	10.90%	10.00%	9.70%	12.20%	7.10%	5.30%	2.30%	5.50%	5.80%	5.10%
	—	25.40%	25.90%	—	—	—	—	—	—	—	—
	15.94%	12.50%	9.10%	5.80%	20.40%	31.20%	5.20%	-1.80%	14.90%	12.80%	—
	23.42%	22.80%	12.30%	-15.90%	107.80%	74.10%	140.70%	-58.70%	10.00%	26.60%	—
	—	299.10	296.10	—	—	—	—	—	—	—	—
	—	1.05	1.12	—	—	—	—	—	—	—	—
	—	0.18	0.26	—	—	—	—	—	—	—	—
	—	241.30	370.50	—	—	—	—	—	—	—	—
	—	90.1	91.6	—	—	—	—	—	—	—	—
Balance sheet
	—	3,546	3,042	—	—	—	—	—	—	—	—
	—	2,490	2,277	—	—	—	—	—	—	—	—
	—	163.50	120.30	—	—	—	—	—	—	—	—
	—	723.90	608.40	—	—	—	—	—	—	—	—
	—	710.70	608.50	—	—	—	—	—	—	—	—
	—	99.60	112.10	—	—	—	—	—	—	—	—
	—	434.30	354.10	—	—	—	—	—	—	—	—
	—	459.60	336.70	—	—	—	—	—	—	—	—
	—	1,196	1,082	—	—	—	—	—	—	—	—
	—	404.80	490.80	—	—	—	—	—	—	—	—
	—	404.80	483.70	—	—	—	—	—	—	—	—
	—	0.00	7.10	—	—	—	—	—	—	—	—
	—	2,232	1,866	—	—	—	—	—	—	—	—
Cash flow
	—	453.50	390.90	—	—	—	—	—	—	—	—
	—	-98.30	-282.90	—	—	—	—	—	—	—	—
	—	-312.00	-217.10	—	—	—	—	—	—	—	—
	—	154.40	94.80	—	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	644.80	666.40	605.60	568.20	502.70	580.20	497.80	530.81	472.04	539.93	465.04	439.23
	20.10	22.30	17.00	24.40	22.10	17.10	13.26	25.99	13.20	14.34	14.46	21.81
	664.90	688.70	622.60	592.60	524.80	597.30	511.06	556.80	485.24	554.27	479.50	461.04
	542.70	576.90	489.20	470.20	415.10	464.50	404.26	426.26	387.93	431.61	374.51	350.06
	288.30	303.80	235.20	242.00	204.50	241.00	223.05	229.62	219.05	232.08	209.01	187.73
	72.40	53.80	90.60	64.10	61.10	59.80	46.75	54.01	49.15	50.39	43.41	38.51
	77.60	71.40	68.60	68.20	66.30	57.40	57.52	58.47	58.10	54.87	53.00	51.33
	0.90	0.50	0.10	0.40	0.20	0.20	0.03	0.76	1.17	1.83	1.88	0.97
	12.40	11.20	10.80	10.00	9.00	8.90	8.87	9.02	9.13	9.36	9.19	8.86
	104.90	141.30	95.10	98.60	83.20	81.20	79.16	80.81	73.07	74.58	60.16	57.26
	122.20	111.80	133.40	122.40	109.70	132.80	106.80	130.54	97.32	122.66	104.99	110.98
	0.00	0.00	-12.80	0.00	0.00	0.00	—	—	—	—	—	—
	122.20	111.80	120.60	122.40	109.70	132.80	106.80	130.54	97.32	122.66	104.99	110.98
	31.80	28.50	30.90	31.60	28.20	33.60	26.71	32.66	24.49	30.08	25.75	27.66
	90.40	83.30	89.70	90.80	81.50	99.20	80.10	97.89	72.83	92.58	79.24	83.32
	2.87	2.64	2.84	2.88	2.58	3.14	2.53	3.09	2.30	2.93	2.50	2.63
Key metrics
	135.50	123.50	131.50	132.80	118.90	141.90	115.70	140.32	107.62	133.85	116.06	120.81
	21.00%	18.50%	21.70%	23.40%	23.70%	24.50%	23.20%	26.40%	22.80%	24.80%	25.00%	27.50%
	14.00%	12.50%	14.80%	16.00%	16.20%	17.10%	16.10%	18.40%	15.40%	17.10%	17.00%	19.00%
	—	5.50%	—	6.60%	—	7.60%	—	—	—	—	—	—
	28.30%	14.90%	21.70%	7.00%	6.50%	7.50%	7.00%	20.90%	—	—	—	—
	10.90%	-16.00%	12.00%	-7.20%	11.90%	7.20%	1.10%	17.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	2,485	2,343	2,081	1,843	1,757	1,583	1,100	1,081	1,177	1,038	948.71
	83.80	85.80	69.60	68.46	83.36	45.68	24.06	49.43	16.31	17.18	14.30
	2,569	2,429	2,150	1,912	1,840	1,628	1,124	1,131	1,193	1,055	963.02
	2,079	1,951	1,683	1,484	1,486	1,377	984.04	1,003	1,073	945.10	874.75
	1,069	985.50	912.70	814.08	820.10	843.03	533.05	536.36	566.90	502.43	421.64
	280.90	269.60	209.70	171.19	152.89	131.13	94.42	106.75	121.83	98.47	91.40
	285.80	274.50	231.50	212.37	193.49	169.61	156.31	163.13	156.43	138.20	117.96
	1.90	1.20	2.20	5.39	5.45	1.64	3.68	4.31	2.37	1.66	1.22
	44.40	41.00	35.90	35.94	38.36	36.77	35.33	36.65	33.85	36.49	36.84
	439.90	418.20	314.20	252.38	260.90	219.63	149.84	174.62	188.63	155.89	146.47
	489.80	477.30	467.60	427.96	353.98	251.34	140.19	127.79	120.60	110.35	88.27
	-12.80	-12.80	0.00	—	—	—	—	—	—	-2.74	—
	477.00	464.50	467.60	427.96	353.98	251.34	140.19	127.79	120.60	107.60	88.27
	122.80	119.20	117.50	105.76	81.50	61.99	35.10	27.37	35.86	30.73	19.89
	354.20	345.30	350.10	322.20	272.48	189.35	105.09	100.42	84.74	76.87	68.38
	11.23	10.95	11.09	10.19	8.61	5.99	3.32	6.34	5.35	—	—
Key metrics
	523.30	506.70	505.70	469.29	397.79	289.75	179.20	168.75	156.82	145.75	126.33
	21.06%	21.60%	24.30%	25.50%	22.60%	18.30%	16.30%	15.60%	13.30%	14.00%	13.30%
	14.25%	14.70%	16.80%	17.50%	15.50%	12.00%	9.60%	9.30%	7.20%	7.40%	7.20%
	—	22.90%	26.90%	—	—	—	—	—	—	—	—
	17.69%	12.60%	12.90%	4.90%	11.00%	43.80%	1.80%	-8.20%	13.40%	9.40%	—
	-1.25%	-1.40%	8.70%	18.20%	43.90%	80.20%	4.70%	18.50%	10.20%	12.40%	—
	—	47.40	257.10	—	—	—	—	—	—	—	—
	—	0.52	0.97	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	-43.20	-32.80	—	—	—	—	—	—	—	—
	—	95.1	81.4	—	—	—	—	—	—	—	—
Balance sheet
	—	2,512	2,084	—	—	—	—	—	—	—	—
	—	1,706	1,516	—	—	—	—	—	—	—	—
	—	43.20	32.80	—	—	—	—	—	—	—	—
	—	640.80	460.40	—	—	—	—	—	—	—	—
	—	272.60	213.70	—	—	—	—	—	—	—	—
	—	58.30	47.20	—	—	—	—	—	—	—	—
	—	272.10	204.50	—	—	—	—	—	—	—	—
	—	303.00	210.30	—	—	—	—	—	—	—	—
	—	480.30	339.20	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	1,987	1,726	—	—	—	—	—	—	—	—
Cash flow
	—	180.20	338.50	—	—	—	—	—	—	—	—
	—	-73.90	-243.80	—	—	—	—	—	—	—	—
	—	-95.90	-208.40	—	—	—	—	—	—	—	—
	—	132.80	81.40	—	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +10.08%
Sales CAGR 5Y: +16.32%
Profit CAGR 3Y: +8.21%
Profit CAGR 5Y: +26.86%
Sales YoY (TTM): +17.69%
Profit YoY (TTM): -1.25%

Consolidated

Sales CAGR 3Y: +9.12%
Sales CAGR 5Y: +15.48%
Profit CAGR 3Y: +5.08%
Profit CAGR 5Y: +33.23%
Sales YoY (TTM): +15.94%
Profit YoY (TTM): +23.42%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 31.19%

Quarter	September 2026	June 2026
Promoter %	31.19%	31.19%

Holder	Type	Holding	Previous	Change
Dark Horse Portfolio Investment Private Limited	Promoter Group	20.10%	20.10%	0.00%
Jairam Varadaraj	Promoter	8.91%	8.91%	0.00%
Sbi Small Cap Fund	Public	6.53%	6.38%	+0.15%
Gagandeep Credit Capital Pvt Ltd	Public	4.64%	4.64%	0.00%
Nalanda India Equity Fund Limited	Public	2.64%	2.66%	-0.02%
Pari Washington India Master Fund, Ltd	Public	2.52%	3.04%	-0.52%
Nemish S Shah	Public	1.69%	1.69%	0.00%
St. James's Place Emerging Markets Equity Unit Trust Managed By Wasatch Advisors Inc	Public	1.56%	1.56%	0.00%
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund	Public	1.14%	—	—
Anvar Jay Varadaraj	Promoter Group	0.61%	0.61%	0.00%
Varun Jay Varadaraj	Promoter Group	0.60%	0.60%	0.00%
Maya Jay Varadaraj	Promoter Group	0.60%	0.60%	0.00%
Elgi Rubber Company Limited	Promoter Group	0.21%	0.21%	0.00%
Sudarsan Varadaraj	Promoter Group	0.06%	0.06%	0.00%
Varshini Varadaraj	Promoter Group	0.05%	0.05%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Cummins India Ltd.	1,31,651	4,749.30	55.62	31.90%	+15.30% TTM	+10.55% TTM	+10.01%
Kirloskar Oil Engines Limited	26,263	1,804.20	49.11	18.40%	+22.66% TTM	+16.65% TTM	+77.77%
Elgi Equipments Ltd.	17,864	563.70	39.88	25.40%	+15.94% TTM	+23.42% TTM	+16.97%
Kirloskar Brothers Ltd.	13,607	1,713.55	35.83	17.90%	+10.85% TTM	-4.09% TTM	-7.92%
Ingersoll-Rand (India) Ltd. S	12,803	4,055.80	47.86	54.90%	+8.28% TTM	+1.08% TTM	+6.66%
KSB LIMITED	11,480	659.60	48.11	—	+7.98% TTM	-9.14% TTM	-14.68%
Kirloskar Pneumatic Co.Ltd.	7,453	573.50	28.84	26.40%	+9.10% TTM	+38.95% TTM	+4.18%
Greaves Cotton Ltd.	4,788	205.55	-308.33	7.20%	+28.44% TTM	-143.89% TTM	-7.05%
Shakti Pumps (India) Ltd.	4,442	359.95	27.74	22.80%	+15.77% TTM	-60.15% TTM	-55.50%
Swaraj Engines Ltd. S	4,311	3,548.10	20.26	52.80%	+25.44% TTM	+20.19% TTM	-10.02%
Oswal Pumps Limited	2,466	216.30	7.34	29.80%	—	—	-69.42%
Yuken India Ltd.	1,502	1,105.60	96.59	7.80%	+8.91% TTM	-33.60% TTM	+16.33%
Roto Pumps Ltd.	1,167	61.91	42.11	15.80%	-3.87% TTM	-19.32% TTM	-9.77%

Filings & corporate actions

Recent announcements

Intimation of Q2 - 2026-27 Analyst/ Investor Con-call28 Oct 2026 · Company Update / Analyst / Investor Meet
Elgi Equipments Limited has informed the exchange about copy of Newspaper publication23 Oct 2026 · Company Update / Newspaper Publication
Elgi Equipments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2026 ,inter alia, to consider and approve Elgi Equipments Limited has ....22 Oct 2026 · Board Meeting / Board Meeting
Intimation on ESG Rating15 Oct 2026 · Company Update / Credit Rating
Please refer the enclosed file8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window22 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation on ESG Rating13 Sep 2026 · Company Update / Credit Rating
Intimation regarding divestment4 Sep 2026 · Company Update / Diversification / Disinvestment
Intimation regarding the appointment of Senior Management Personnel1 Sep 2026 · Company Update / Change in Management
General Update29 Aug 2026 · Company Update / General
Newspaper advertisement - Special window for transfer and dematerialisation of physical shares28 Aug 2026 · Company Update / Newspaper Publication
Intimation on ESG Rating25 Aug 2026 · Company Update / Credit Rating
Elgi Equipments Limited has informed the exchange about Acquisition20 Aug 2026 · Company Update / Acquisition
Transcript20 Aug 2026 · Company Update / Earnings Call Transcript
Press release20 Aug 2026 · Company Update / Press Release / Media Release
The audio-video recording of the analyst meet.14 Aug 2026 · Company Update / Analyst / Investor Meet
Scrutinizer''s Report of the 66th AGM.14 Aug 2026 · AGM/EGM / AGM
Proceedings of 66th AGM14 Aug 2026 · AGM/EGM / AGM
Newspaper Publication on Financial Results14 Aug 2026 · Company Update / Newspaper Publication
Presentation of Analyst Meet - 14.08.202614 Aug 2026 · Company Update / Analyst / Investor Meet
Press Release - Results - 30.06.202613 Aug 2026 · Company Update / Press Release / Media Release
Results - 30.06.202613 Aug 2026 · Board Meeting / Outcome of Board Meeting
Results - 30.06.202613 Aug 2026 · Result / Financial Results
General update24 Jul 2026 · Company Update / General
Schedule of Q1 Analyst Call22 Jul 2026 · Company Update / Analyst / Investor Meet
Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, 2015, the Company has sent a letter to the shareholders (not having registered e-mail address), containing a web-link, including ....20 Jul 2026 · Company Update / General
Newspaper publication pertaining to the dispatch of Annual Report for FY 2025-26 and Notice of 66th Annual General Meeting20 Jul 2026 · Company Update / Newspaper Publication
Notice of the 66th AGM - August 14, 202620 Jul 2026 · AGM/EGM / AGM
Business Responsibility and Sustainability Reporting - 202620 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for the FY 2025-2620 Jul 2026 · Others / Reg. 34 (1) Annual Report
General update16 Jul 2026 · Company Update / General
Elgi Equipments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Unaudited Financial Results ....16 Jul 2026 · Board Meeting / Board Meeting
Intimation regarding divestment11 Jul 2026 · Company Update / Diversification / Disinvestment
Newspaper Intimation on AGM7 Jul 2026 · Company Update / Newspaper Publication
74(5) Confirmation Certificate6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation11 Jun 2026 · Company Update / General
Intimation on IEPF Transfer11 Jun 2026 · Company Update / Newspaper Publication
Outcome of the One-on-one Physical meeting conducted with Institutional Investors/ Research Analysts.9 Jun 2026 · Company Update / Analyst / Investor Meet
Schedule of one-on-one analyst call4 Jun 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.7000	17 Jul 2026	17 Jul 2026	—
Final Dividend - Rs. - 2.2000	18 Jul 2025	18 Jul 2025	—
Final Dividend - Rs. - 2.0000	24 Jul 2024	—	—

Board meetings

6 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results