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

Elgi Equipments Consolidated March 2023 Net Sales at Rs 835.74 crore, up 14.86% Y-o-Y

Elgi Sauer Compressors, a joint venture between Elgi Equipments and German-based Sauer Compressors Group started in 2008, has expanded its operations in Coimbatore by opening a new manufacturing facility at Kallapalayam.

Elgi Sauer expands operations in Coimbatore

ELGI Sauer Compressors Ltd, a joint venture between Elgi Equipments Ltd and Germany-based Sauer Compressors Group, has set up a manufacturing facility at an investment of about Rs 400 million.

ELGI Sauer Compressors sets new manufacturing unit to produce compressors

ELGI Sauer Compressors Ltd, a joint venture between Elgi Equipments Ltd and the Germany-based Sauer Compressors Group, has opened a new manufacturing facility in Coimbatore with at an investment of ₹40 crore.

ELGI Sauer Compressors opens new ₹40-cr factory in Coimbatore

Elgi Equipments is investing €20 million in Europe as it planned about four years ago, said Jairam Varadaraj, MD

Elgi Equipments continues to invest in Europe

CS Industrial Services LLC will act as an exclusive dealer / distributor for Elgi Compressors USA Inc, for sale of ELGi branded compressors in Western New York region.

Elgi Equipments announces acquisition of minority stake in CS Industrial Services

Brokerage firm ICICIdirect has a “Buy” rating for the stock with a target price of Rs 500.

Elgi Equipments gains after US arm inks deal to buy into CS Industrial Services

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Stocks that will see action on March 13, 2023

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

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

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Red flags

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