Elgi Equipments Limited has informed the Exchange about Transcript of the Annual Analyst Meeting 2026

Elgi Equipments held its Annual Analyst/Investor Meeting in Mumbai where management presented business updates and unveiled a new five-year plan. The company is positioned as the 6th largest player in the global air compressor industry (~$23B market growing 3.5% CAGR), and expects to close FY26 with ~USD 440M revenue (USD 487M at constant FX) and 11% group-level growth (9% ex-FX). Against its FY26 targets of USD 450M revenue and 16% EBITDA margin, the company delivered ~USD 487M (constant FX) and ~15% EBITDA margin, with ROCE at 35% beating the 30% target. New FY31 targets: USD 750M revenue at 18% EBITDA margin and 35% ROCE. North America posted record revenue (back to FY23 levels post the FY24 ERP hiccup), and is profitable ex-tariffs. Europe remains at breakeven after cost restructuring. Management flagged US tariffs (50% on textiles, 17% Italian on portable compressors) as headwinds being navigated via price increases and cost cuts. CAPEX cycle on MK2 phase 2 has kicked off; motor in-house production reduced imports from 75-80% to 5%.