Elgi Equipments Ltd has lost 6.7% over last one month compared to 0.14% fall in BSE Capital Goods index and 1.47% rise in the SENSEX

Elgi Equipments Ltd Slides 3.15%, BSE Capital Goods index Shed 1.47%

Elgi Equipments consolidated net profit rises 20.44% in the June 2024 quarter

Upcoming results : Adani Power, Ambuja Cement, Asahi India Glass, Aster DM Healthcare, Bank of Baroda, BHEL, Birlasoft, Coal India, Crompton Greaves Consumer Electricals, Electrosteel Castings, Elgi Equipments, Five-star Business Finance, GE T&D India, Godrej Properties, Greenply Industries, HeidelbergCement, JBM Auto, JK Lakshmi Cement, KPR Mills, Lakshmi Machine Works, Mahindra and Mahindra, Mankind Pharma, Marut

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While Elgi Equipments shares climbed 3.27% to Rs 703 in early deals, stock of Shakti Pumps climbed 5% to Rs 4299.85 on BSE.

Union Budget 2024: Elgi Equipments, Shakti Pumps shares rise up to 5% ahead of FM’s speech, here’s why

Elgi Equipments Ltd saw volume of 14.85 lakh shares by 10:46 IST on BSE, a 100.9 fold spurt over two-week average daily volume of 14714 shares

Volumes jump at Elgi Equipments Ltd counter

However, sales realisation was affected in the United States market due to temporary disruption caused by the ongoing ERP implementation. The business performance in the Middle East and Africa, Australia and South-East Asian countries were ‘satisfactory’, the company said.

Expect sales to bounce back to normal levels in Q2: Elgi Equipments Ltd

Elgi Equipments Ltd, a manufacturer of air compressors, posted a consolidated profit after tax (PAT) of ₹.60.5 crore for the June 2023 quarter

Elgi Equipments posts ₹60.5-cr PAT in June quarter

Elgi Equipments Ltd (ELGi) has revised its revenue target upwards under its strategic business plan (SBP) based on double-digit growth in FY23 and favourable growth outlook in this fiscal

Elgi Equipments revises FY26 revenue target upwards based on FY23 show

The air compressor maker reported a 133 percent year-on-year growth in consolidated profit at Rs 170.1 crore for the March quarter, aided by one-off gains

Elgi Equipments zooms 17% as Q4 profit spikes

Elgi Equipments will start implementing measures in a few months for a sharper focus in the Indian market, said Jairam Varadaraj, its Managing Director.

Elgi Equipments to have sharper focus on Indian market

ELGi Equipments Ltd, manufacturer of air compressors, has reported a 32.9 per cent rise in its standalone profit after tax for the quarter ended March 31, 2023 at ₹80.63 crore

ElGi Equipments reports Q4 standalone PAT at ₹80.60 cr

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Elgi Equipments is an air compressor manufacturer. Its's products have application across various industries like food processing, pharmaceutical, automotive garages etc.