Makes air compressors and a smaller range of automotive equipment, with Air Compressors generating Rs 3,613.4 crore of FY26 segment revenue (EBIT Rs 548.4 crore) and Automotive equipment Rs 338.6 crore (EBIT Rs 37.1 crore). Materials form the largest cost at 36.4% of revenue, followed by employee costs at 19.6%. The global air compressor market is estimated at USD 23bn in FY26 and is growing at 3.5% per year, where Atlas Copco and Ingersoll Rand together hold just over half the share. This company is ranked #6 globally in air compressors. A 50% US tariff on its products is scheduled to ease to 18% in H2 FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Air Compressors (91%), Automotive equipment (9%). Industrial cyclical, compressor manufacturing-led
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,525 | 3,041 | 3,218 | 3,510 | 3,951 |
| EBITDA (ex other income) | 292 | 538 | 486 | 525 | 564 |
| margin % | 11.6 | 17.7 | 15.1 | 15.0 | 14.3 |
| Owners' profit | 178 | 371 | 312 | 350 | 430 |
| EPS, as reported (₹) | 321.95 | 11.72 | 9.86 | 11.09 | 13.65 |
| ROE % · ROCE % | 17.3 · 23.5 | 27.0 · 35.6 | 19.4 · 27.0 | 18.8 · 25.9 | 19.3 · 25.4 |
| Debt / equity (x) | 0.36 | 0.37 | 0.35 | 0.26 | 0.18 |
| Cash from operations | 69 | 166 | 288 | 391 | 454 |
| Capex | (41) | (69) | (49) | (95) | (154) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 869 | 848 | 993 | 867 | 968 | 1,003 | 1,113 | 1,062 |
| Profit before tax | 128 | 109 | 139 | 115 | 164 | 127 | 165 | 138 |
| Net profit | 95 | 81 | 102 | 86 | 121 | 95 | 128 | 103 |
| EPS (₹) | 2.99 | 2.55 | 3.23 | 2.71 | 3.85 | 3.01 | 4.06 | 3.28 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Air Compressors | 3,613 | 91.4 |
| Automotive equipment | 339 | 8.6 |
| Total, before eliminations | 3,952 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CUMMINS INDIA LTD | 1,40,540 | 59.4 | 16.58 | 46.2 | 27.9 | 31.8 | 22.7 | 22.0 |
| KIRLOSKAR OIL ENG LTD | 31,552 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · ELGI Equipments subsidiary divests entire stake in US JV Gentex Air Solutions | strategic transactions | medium | — | — |
| 1 Sept 2026 · Elgi Equipments appoints Vikas Thiruvalluru as Senior Management Personnel | management changes | medium | — | — |
| 29 Aug 2026 · Elgi's US arm receives tariff refund of about 14.82 cr from US Customs | business updates | high | — | — |
| 28 Aug 2026 · ELGI Equipments notifies shareholders on special physical share transfer window | compliance | minimal | — | — |
| 25 Aug 2026 · Crisil assigns ESG rating of 58 to Elgi Equipments | credit debt | medium | — | — |
| 20 Aug 2026 · Elgi Equipments acquires 18% stake in solar SPV Constronics for Rs 1.61 crore | strategic transactions | medium | — | — |
| 20 Aug 2026 · Q1 FY27 con-call transcript filed; EBITDA grew 28%, margin target 18% by FY31 | investor communications | medium | — | — |
| 20 Aug 2026 · ELGi launches new VAYU compressor brand targeting Indian MSMEs | compliance | low | — | — |
| 14 Aug 2026 · Newspaper publication of Q1 FY27 financial results | compliance | minimal | — | — |
| 14 Aug 2026 · Elgi Equipments Q1 FY27: Revenue up 23%, PAT at INR 1,033 Mn | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 57.8 |
| 8.83 |
| 24.8 |
| 15.7 |
| 10.9 |
| 18.5 |
| 15.8 |
| ELGI EQUIPMENTS LTD ◆ | 19,591 | 43.5 | 8.78 | 29.1 | 19.3 | 24.3 | 15.5 | 15.9 |
| INGERSOLL-RAND INDIA LTD | 14,428 | 53.9 | 23.43 | — | 41.6 | 54.7 | — | 26.4 |
| KIRLOSKAR BROTHERS LTD | 14,231 | 38.1 | 5.75 | 24.1 | 15.2 | 16.8 | 10.8 | 11.8 |
| KSB LIMITED | 13,955 | 56.9 | 8.22 | — | 5.7 | 6.7 | — | 12.6 |
| SHAKTI PUMPS (I) LTD | 6,085 | 28.6 | 3.57 | 13.7 | 15.1 | 19.6 | 23.7 | 10.9 |
| KIRLOSKAR PNEUMATIC COM L | 4,674 | 17.8 | 3.71 | 12.3 | 20.2 | 26.4 | — | 17.7 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 43.5 | 44.6 | 7 of 15 | 57% |
| P/B | 8.8 | 5.2 | 11 of 15 | 29% |
| ROCE | 24.3 | 16.9 | 6 of 15 | 64% |
| ROE | 19.3 | 15.2 | 6 of 15 | 64% |
| Debt / Equity | 0.2 | 0.1 | 10 of 15 | 36% |
| EBITDA margin | 15.8 | 15.8 | 7 of 15 | 57% |
| Revenue growth | 22.6 | 17.9 | 5 of 15 | 71% |
| Profit growth | 20.7 | 11.1 | 5 of 15 | 71% |
| Market cap | 19591 | 4674 | 3 of 15 | 86% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
