# ELGI Equipments (ELGIEQUIP) — Stock analysis > Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/elgiequip ## Current market snapshot - Exchange: NSE - Country: India - Price: ₹555 - Change: +1.44% - As of: 2026-11-06 - 1D return: +1.44% - 5D return: +9.03% - 1M return: -4.15% - Latest complete quarter: fy27_q2 ## Faxioms Analysis _As of 2026-11-06_ ### Technical Outlook ELGIEQUIP closed at ₹555.0 on 2026-11-06, following an extreme upward volume anomaly (+9.3% range, 11.46x volume ratio) that signals strong short-term participation. The daily trend is established (ADX 31.39) with price trading above the 20-period EMA, 20-period SMA, and Supertrend, indicating immediate bullish momentum. However, this daily strength contrasts with a weekly structure where price remains below the 20-period EMA and Supertrend, suggesting the move is a counter-trend rally within a broader consolidation or downtrend context. Monthly indicators remain bullish, providing a longer-term backdrop. Price is positioned in the middle of its 20-day and 252-day ranges (~60%). Immediate resistance lies at ₹562.35 (1.32% above), with further levels at ₹569.77 and ₹574.7. Support is tight at the pivot level of ₹553.85 (0.21% below). The stock carries high volatility (annualized +36.9%, ATR 4.0%) and is currently in a -13.6% drawdown from recent highs. Confirmation of sustained strength requires holding above the 20-period EMA; invalidation would occur if price closes back below the Supertrend or fails to break through the ₹562.35 resistance with continued volume. - Trend: Daily trend is established and bullish (price above 20/200 SMAs and Supertrend; ADX 31.39), while weekly trend remains weak/bearish (price below 20 EMA and Supertrend). - Momentum: Extreme volume surge (11.46x ratio) on 2026-11-06 drove a +9.3% range, signaling active buying interest despite the stock being down -7.4% over the last month. - Levels: Key resistance at ₹562.35 (1.32% above); immediate support at ₹553.85 (pivot). Price sits ~60% into its 20-day and 252-day ranges. - Risk: High volatility (ATR 4.0%, annualized vol +36.9%) and current drawdown of -13.6%. Setup invalidates if price falls below the daily Supertrend. - Evening Star - Doji - Inside Bar ### News Context Elgi Equipments reported unaudited financial results for the quarter and half year ended September 30, 2026, on November 6, 2026. Consolidated revenue from operations rose to ₹10,622 million in Q2 FY27, up from ₹9,680 million in Q1 FY26, driven by a 28% underlying volume/mix gain partially offset by a 4% currency headwind. Consolidated net profit increased to ₹1,283 million (a PAT margin of 11.3%), while standalone sales grew 25% to ₹708 Crores. The company divested four US joint venture entities during the half-year and recognized restructuring costs of ₹110 million. Management noted that growth momentum continued in India and America, though Europe and Australia remained subdued due to economic headwinds. Despite cost pressures impacting EBITDA below projections, the Group maintained a strong net cash position of ₹6,990 million as of September 2026. - Q2 FY27 consolidated revenue reached ₹10,622 million (up 17% YoY), with standalone sales growing 25% to ₹708 Crores. - Consolidated net profit rose to ₹1,283 million; standalone PAT increased to ₹129 Crores from ₹91 Crores. - Divestment of four US joint ventures occurred during H1 FY27, alongside ₹110 million in exceptional restructuring costs. - Net cash position stood at ₹6,990 million as of September 2026, despite higher employee and other expenses. - Elgi Equipments Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting - Elgi Equipments Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "Press Release". |SUBJECT: Press Release - Elgi Equipments Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation - Elgi Equipments Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates - ELGI EQUIPMENTS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL ### What Changed On November 6, 2026, Elgi Equipments reported unaudited financial results for the quarter and half-year ended September 30, 2026. Consolidated revenue from operations rose to ₹10,622 million in Q2 FY27, up from ₹9,680 million in Q1 FY26, driven by a 28% underlying volume/mix gain partially offset by a 4% currency headwind. Consolidated net profit increased to ₹1,283 million (up 6% year-on-year), while standalone PAT grew more sharply to ₹129 Crores from ₹91 Crores. EBITDA stood at ₹1,850 million, below the projected ₹1,921 million due to cost pressures, including ₹159 million in higher other expenses and ₹26 million in increased employee costs. The company divested four US joint venture entities during the half-year and recognized restructuring costs of ₹110 million. Despite subdued performance in Europe and Australia, management maintained a positive outlook for Q3, citing continued momentum in India and America. - {'date': '2026-11-06', 'point': 'Consolidated revenue grew 17% to ₹10,622 million in Q2 FY27, with underlying volume/mix gains of 28% offsetting a 4% adverse currency impact.'} - {'date': '2026-11-06', 'point': 'Consolidated net profit rose 6% to ₹1,283 million; standalone PAT surged to ₹129 Crores from ₹91 Crores in the prior year quarter.'} - {'date': '2026-11-06', 'point': 'EBITDA was ₹1,850 million, missing projections of ₹1,921 million due to ₹159 million in higher other expenses and ₹26 million in increased employee costs.'} - {'date': '2026-11-06', 'point': 'The Group divested four US joint ventures and incurred ₹110 million in exceptional restructuring costs during H1 FY27, while maintaining a strong net cash position of ₹6,990 million.'} - [Elgi Equipments Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026121211_OUTCOME06112026.pdf) - [Elgi Equipments Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026122307_PressRelease06112026.pdf) - [Elgi Equipments Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026153841_IntimationPresentation.pdf) ### Official Filings Elgi Equipments Limited’s Board approved unaudited financial results for the half-year ended September 30, 2026, on November 6, 2026. Consolidated revenue from operations rose to ₹10,622 million in Q2 (up from ₹9,680 million in Q1 FY26) and ₹21,965 million for H1 (up from ₹18,347 million in H1 FY25). Consolidated net profit increased to ₹1,283 million for the quarter and ₹2,316 million for the half year. The company divested four joint venture entities in the USA during the half year and recognized exceptional restructuring costs of ₹110 million for H1. While growth momentum continued in India and America, Europe and Australia remained subdued. The company maintains a strong net cash position of ₹6,990 million as of September 2026. - Consolidated revenue grew 17% to ₹11,343 million in Q2 FY27, driven by exchange rates (+4%) and underlying volume/mix gains (+28%). - Consolidated PAT reached ₹1,283 million (margin 11.3%), with standalone PAT rising to ₹129 Crores versus ₹91 Crores in the prior year period. - The Group divested four US-based joint ventures during H1 and incurred ₹110 million in exceptional restructuring costs. - EBITDA stood at ₹1,850 million, below the projected ₹1,921 million, due to cost increases including ₹159 million in higher other expenses. - [Elgi Equipments Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026121211_OUTCOME06112026.pdf) - [Elgi Equipments Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026122307_PressRelease06112026.pdf) - [Elgi Equipments Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026153841_IntimationPresentation.pdf) - [Elgi Equipments Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_28102026162315_InvestorConcallPriorintimation.pdf) - [ELGI EQUIPMENTS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_933_WebXMLFile_20261028_163008652.xml) - [Elgi Equipments Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_23102026142632_IntimationofNewspaperadvertisement-Final.pdf) - [Board Meeting Intimation |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_933_WebXMLFile_20261022_154908019.xml) - [ELGI EQUIPMENTS LIMITED has informed the Exchange about Board Meeting to be held on 06-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_933_WebXMLFile_20261022_154908019.xml) - [Financial Results |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_22102026154523_BoardMeetingIntimation.pdf) - [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 31.19 | PUBLIC_VAL: 68.33 | EMPTR: .48 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 19-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741705_19102026051704_WEB.xml) ### Fundamentals Elgi Equipments demonstrates a robust financial trajectory anchored by strong earnings growth and improving cash conversion. For the full year ending March 2026, sales rose to ₹3,951 crore (up from ₹3,510 crore in FY25), while net profit surged to ₹430 crore from ₹350 crore. This profitability expansion is supported by declining finance costs, which fell to ₹30 crore from ₹34 crore, despite stable interest expenses in recent quarters. The company’s ability to convert operating profits into cash has strengthened, with CFO/EBITDA rising to 103% in FY26, indicating high earnings quality. Balance sheet health remains solid as borrowings decreased consistently from ₹638 crore in FY24 to ₹533 crore in FY26. Concurrently, capital expenditure is accelerating, evidenced by Capital Work-in-Progress (CWIP) jumping to ₹136 crore from ₹53 crore, signaling active capacity building. Shareholding patterns show a notable shift: Foreign Institutional Investors (FIIs) reduced their stake to 20.2% by September 2026, while Domestic Institutional Investors (DIIs) increased theirs to 11.47%, suggesting a rotation in investor base. The most critical checkpoint for the next reporting cycle is the execution of this expanded capacity. Investors should monitor whether the significant rise in CWIP translates into higher Fixed Assets and sustained revenue growth, particularly given that Working Capital Days have lengthened to 42 days in FY26, potentially impacting liquidity efficiency. - Earnings Growth: Net profit rose to ₹430 crore in FY26 (from ₹350 crore in FY25) on sales of ₹3,951 crore, driven by margin expansion and lower finance costs. - Cash Quality: Cash flow from operations improved significantly, with CFO/EBITDA reaching 103% in FY26, up from 92% in FY24. - Capital Expansion: CWIP more than doubled to ₹136 crore in FY26 from ₹53 crore in FY25, indicating aggressive capex; borrowings concurrently declined to ₹533 crore. - Ownership Shift: FII holding dropped to 20.2% by Sep 2026, while DII holding increased to 11.47%; promoter holding remained steady at 31.19%. ### Bear Case As of November 6, 2026, Elgi Equipments faces near-term technical headwinds despite a positive long-term trend. The stock is trading at ₹555.0, showing a significant divergence between short-term momentum and longer-term structure. On the weekly timeframe, the Supertrend has turned bearish, and the 20-day Exponential Moving Average (EMA) slope is sharply negative at -18.27, indicating recent selling pressure. This contrasts with the daily Supertrend, which remains bullish, suggesting the current weakness may be a correction within a broader uptrend rather than a full reversal. Volatility remains elevated, with an annualized volatility of +36.9% and an Average True Range (ATR) of 4.0%, implying substantial price swings. The stock is currently in a drawdown of -13.6% from its peak, approaching the maximum historical drawdown of -30.3%. Short-term returns have been mixed, with a -7.4% decline over the past month and a -5.8% drop over three months, although the year-to-date return stands at +16.6%. Immediate support is thin, located just 0.21% below at ₹553.85, while resistance begins closely above at ₹562.35. Investors should monitor whether the weekly bearish signal holds or if the daily bullish trend resumes. - Weekly Supertrend has flipped bearish with a steep EMA-20 slope of -18.27, signaling short-term momentum loss despite a daily bullish stance. - Current drawdown stands at -13.6%, nearing the maximum historical drawdown of -30.3%, with high annualized volatility of +36.9%. - Short-term performance is weak: -7.4% over the last month and -5.8% over three months, contrasting with a YTD gain of +16.6%. - Immediate support is fragile at ₹553.85 (0.21% below), offering little buffer against further downside. - [Elgi Equipments Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026121211_OUTCOME06112026.pdf) - [Elgi Equipments Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026122307_PressRelease06112026.pdf) - [Elgi Equipments Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026153841_IntimationPresentation.pdf) - [Elgi Equipments Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_28102026162315_InvestorConcallPriorintimation.pdf) - [ELGI EQUIPMENTS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_933_WebXMLFile_20261028_163008652.xml) - [Elgi Equipments Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_23102026142632_IntimationofNewspaperadvertisement-Final.pdf) - [Board Meeting Intimation |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_933_WebXMLFile_20261022_154908019.xml) - [ELGI EQUIPMENTS LIMITED has informed the Exchange about Board Meeting to be held on 06-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_933_WebXMLFile_20261022_154908019.xml) - [Financial Results |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_22102026154523_BoardMeetingIntimation.pdf) - [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 31.19 | PUBLIC_VAL: 68.33 | EMPTR: .48 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 19-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741705_19102026051704_WEB.xml) ### FAQs **How did Elgi Equipments perform financially in the half year ended September 30, 2026?** For H1 FY2026-27, consolidated revenue from operations rose to ₹21,965 million (up from ₹18,347 million in H1 FY25), and consolidated net profit increased to ₹2,316 million. The company recognized exceptional restructuring costs of ₹110 million for the half year. **What were the key drivers and headwinds for Q2 FY2026-27 results?** Consolidated sales grew 17% to ₹1,134 Crores, driven by exchange rates (+4%) and underlying volume/mix gains (+28%). However, EBITDA was ₹1,850 million, below the projected ₹1,921 million, due to cost increases including ₹159 million in higher other expenses and ₹26 million in higher employee costs. **What is the current market valuation and technical trend for ELGIEQUIP?** As of November 6, 2026, the stock closed at ₹555.0 with a market capitalization of approximately ₹17,338 crore. Technical indicators show a bullish monthly supertrend but a bearish weekly supertrend. The stock has returned +16.6% YTD but is currently 13.6% below its recent peak. - [Elgi Equipments Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026121211_OUTCOME06112026.pdf) - [Elgi Equipments Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026122307_PressRelease06112026.pdf) - [Elgi Equipments Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026153841_IntimationPresentation.pdf) - [Elgi Equipments Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_28102026162315_InvestorConcallPriorintimation.pdf) - [ELGI EQUIPMENTS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_933_WebXMLFile_20261028_163008652.xml) - [Elgi Equipments Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_23102026142632_IntimationofNewspaperadvertisement-Final.pdf) - [Board Meeting Intimation |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_933_WebXMLFile_20261022_154908019.xml) - [ELGI EQUIPMENTS LIMITED has informed the Exchange about Board Meeting to be held on 06-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_933_WebXMLFile_20261022_154908019.xml) - [Financial Results |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_22102026154523_BoardMeetingIntimation.pdf) - [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 31.19 | PUBLIC_VAL: 68.33 | EMPTR: .48 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 19-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741705_19102026051704_WEB.xml) ## Technical analytics - As of: 2026-11-06 - Daily trend: Weak Uptrend - Weekly trend: Weak Downtrend - Pivot point: ₹553.85 - Risk regime: Price Risk Requires Attention ### Support levels - 505.182421875 - 503.45 - 466.7 ### Resistance levels - 569.7687316894531 - 574.7 - 595.875 ### Return and range metrics | Metric | Value | | --- | --- | | return_1 | +1.44% | | return_10 | +8.22% | | return_1m | -7.38% | | return_1y | +14.81% | | return_20 | -4.15% | | return_3m | -5.81% | | return_5 | +9.03% | | return_6m | +1.19% | | return_since_start | -3.88% | | return_ytd | +16.56% | ### Risk and volatility metrics | Metric | Value | | --- | --- | | state | elevated_risk | | label | Price risk requires attention | | summary | Recent drawdown or price variability is high enough to warrant closer monitoring. | | maximum_drawdown | -30.34% | | annualized_volatility | +36.90% | ## Quarterly financials - Latest complete quarter: fy27_q2 # Elgi Equipments Limited Q2 FY2026-27: Revenue grows 17% year on year Elgi Equipments reported revenue from operations of ₹1,134 crore for the quarter ended 30 September 2026, up 17.2% year on year and 6.8% from Q1 FY2026-27. Profit before tax rose 4.6% year on year to ₹171 crore, while profit for the period increased 5.7% to ₹128 crore. Operating cash flow was ₹244 crore and free cash flow was ₹152 crore. ## Revenue and expenses Total income increased 13.3% year on year to ₹1,155 crore and 6.7% from ₹1,083 crore in Q1 FY2026-27. Revenue from operations was ₹1,134 crore, compared with ₹968 crore in Q2 FY2025-26 and ₹1,062 crore in Q1 FY2026-27. Total expenses rose 14.5% year on year to ₹980 crore and 4.5% sequentially. Profit before exceptional items and tax increased 20.6% from Q1, to ₹175 crore. Other expenses were ₹184 crore, up 8.6% from Q1. Costs included materials consumed of ₹455 crore, employee benefits of ₹207 crore, purchases of stock in trade of ₹117 crore and depreciation of ₹25.8 crore. ## Profit and earnings per share Profit before exceptional items and tax was ₹175 crore, up 6.9% from ₹164 crore in Q2 FY2025-26 and 20.6% from ₹145 crore in Q1 FY2026-27. An exceptional charge of ₹3.7 crore brought reported profit before tax to ₹171 crore, up 4.6% year on year and 24.3% sequentially. The exceptional charge was ₹7.3 crore in Q1. Tax expense was ₹45.1 crore, compared with ₹36.2 crore in Q1. Profit for the period was ₹128 crore, versus ₹121 crore in Q2 FY2025-26 and ₹103 crore in Q1. Basic and diluted EPS from continuing operations were both ₹4.07, compared with ₹3.85 and ₹3.83, respectively, in Q2 FY2025-26; in Q1, they were ₹3.28 and ₹3.27. Trailing twelve-month EPS was ₹14.42. Finance costs declined 18.3% sequentially to ₹4.9 crore. ## Segment performance Segment revenue was ₹1,134 crore, up 17.2% year on year and 6.8% from Q1. Segment profit before tax increased 3.8% year on year to ₹173 crore and 24.3% sequentially. Other unallocable expenditure, net of unallocable income, was ₹1.4 crore, compared with ₹5.4 crore in Q1. ## Cash flow and balance sheet Operating cash flow was ₹244 crore. Investing and financing activities recorded outflows of ₹92 crore and ₹159 crore, respectively; free cash flow was ₹152 crore. At 30 September 2026, cash and cash equivalents were ₹160 crore, compared with ₹164 crore at 31 March 2026. Current investments increased to ₹219 crore from ₹122 crore over the same period. Total assets were ₹3,641 crore, up from ₹3,546 crore. Inventories rose to ₹777 crore from ₹711 crore, while current trade receivables declined to ₹650 crore from ₹724 crore. Equity attributable to owners of the parent increased to ₹2,402 crore from ₹2,232 crore. Capital work in progress was ₹173 crore, compared with ₹136 crore; property, plant and equipment was ₹424 crore. ## Key Takeaway Revenue grew strongly both year on year and sequentially, while reported profit growth was more modest year on year and substantially stronger against Q1. Positive free cash flow accompanied higher current investments and equity, while cash and cash equivalents were slightly below the 31 March 2026 balance. ### Ratios ## Shareholding pattern - Quarter: FY2027-Q1 - As of: 2026-06-30 - Promoter holding: +31.19% - FII holding: +21.89% - DII holding: +10.12% - Mutual fund holding: +8.58% - Retail holding: +10.55% - Promoter pledged: +0.00% ### Major reported shareholders - Dark Horse Portfolio Investment Private Limited — +20.10% (Bodies Corporate) - Jairam Varadaraj — +8.91% - Sbi Small Cap Fund — +6.38% - Gagandeep Credit Capital Pvt Ltd — +4.64% - Pari Washington India Master Fund, Ltd. — +3.04% - Nalanda India Equity Fund Limited — +2.66% - Nemish S Shah — +1.69% - St. James's Place Emerging Markets Equity Unit Trust Managed By Wasatch Advisors Inc — +1.56% - Pari Washington Investment Fund — +1.15% - Anvar Jay Varadaraj — +0.61% ## Official filings - 2026-11-07 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_07112026120734_NPSD.pdf) - 2026-11-06 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026121211_OUTCOME06112026.pdf) - 2026-11-06 — Press Release: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026122307_PressRelease06112026.pdf) - 2026-11-06 — Earnings Presentation: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026153841_IntimationPresentation.pdf) - 2026-11-06 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_933_WebXMLFile_20261106_154204676.xml) - 2026-11-06 — Financial Results Filing: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754871_06112026052738_WEB.xml) - 2026-11-06 — Financial Results Filing: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754877_06112026052923_WEB.xml) - 2026-11-06 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_06112026192737_Intimation_Audito-Video_Recording.pdf) - 2026-11-06 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_933_WebXMLFile_20261106_193331780.xml) - 2026-10-28 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_28102026162315_InvestorConcallPriorintimation.pdf) - 2026-10-28 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_933_WebXMLFile_20261028_163008652.xml) - 2026-10-23 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_23102026142632_IntimationofNewspaperadvertisement-Final.pdf) - 2026-10-22 — Board Meeting Notice: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_933_WebXMLFile_20261022_154908019.xml) - 2026-10-22 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_933_WebXMLFile_20261022_154908019.xml) - 2026-10-22 — Board Meeting Notice: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_22102026154523_BoardMeetingIntimation.pdf) - 2026-10-19 — Shareholding Disclosure: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741705_19102026051704_WEB.xml) - 2026-10-17 — Shareholding Disclosure: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1726294_22092026024824_WEB.xml) - 2026-10-15 — Credit Rating Update: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_15102026205347_IntimationESG.pdf) - 2026-10-08 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_08102026174739_Intimation.pdf) - 2026-09-22 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_22092026161016_TradingWindowClosure.pdf) - 2026-09-22 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_933_WebXMLFile_20260922_162518859.xml) - 2026-09-13 — Credit Rating Update: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_13092026111134_Intimation_-_Niche99_ESG_Ratings.pdf) - 2026-09-04 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_04092026123215_Intimation_on_divestment_in_Gentex_2026-Final.pdf) - 2026-09-04 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_933_WebXMLFile_20260904_124112460.xml) - 2026-09-01 — Management Change: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_01092026113817_Intimation_-_SMP_Appointment.pdf) ## News and market events - 2026-11-06 — The Hindu: **Elgi Equipments Q2 net profit grows 6% to ₹128 crore** — Elgi Equipments reported a 6% year-on-year increase in consolidated net profit to ₹128 crore and a 17% rise in revenue to ₹1,134 crore for Q2FY27, driven by growth in Indian and American markets. Profitability was partially offset by higher material costs and a one-time restructuring charge of ₹3.7 crore, while performance in Europe and Australia remained subdued. Despite geopolitical tensions and cost pressures, the company maintains a positive outlook for Q3FY27 and remains on track to achieve its budgeted performance. — [Source](https://www.thehindubusinessline.com/companies/elgi-equipments-q2-net-profit-grows-6-to-128-crore/article71673516.ece) - 2026-10-23 — The Hindu: **Stock Market Highlights, October 23: Sensex, Nifty extend losses as crude surges to $114, all sectors close in red** — Sensex Today, Nifty 50 | Stock Market Highlights - Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 23rd October 2026. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-23rd-october-2026/article71611889.ece) - 2026-09-29 — The Hindu: **We do not believe in just creating employment but making it high value, says Elgi Equipments MD** — Elgi Equipments’ MD advocates high-value, owner-driven labor and technology-led competitiveness at MCCI’s 190th Chamber Day, amid Australia-India trade momentum. — [Source](https://www.thehindubusinessline.com/news/we-do-not-believe-in-just-creating-employment-but-making-it-high-value-says-elgi-equipments-md/article71524897.ece) - 2026-09-29 — The Hindu: **We do not believe in just creating employment but making it high value, says Elgi Equipments MD** — Elgi Equipments’ MD advocates high-value, owner-driven labor and technology-led competitiveness at MCCI’s 190th Chamber Day, amid Australia-India trade momentum. — [Source](https://www.thehindubusinessline.com/companies/we-do-not-believe-in-just-creating-employment-but-making-it-high-value-says-elgi-equipments-md/article71524897.ece) - 2026-09-17 — FREEPRESSJOURNAL.IN: **ELGi Eyes Global Top Three Position, Bets ₹500 Crore On Expansion** — ELGi targets a global top-three position by 2035, backed by a Rs 500-crore Coimbatore campus, exports and energy-saving compressor technology. — [Source](https://www.freepressjournal.in/business/elgi-eyes-global-top-three-position-bets-500-crore-on-expansion) - 2026-09-06 — Economic Times: **Ahead of Market: 10 things that will decide stock market action on Monday** — Indian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty closing below 23,898. Investors monitored global market cues, US economic data, and inflation reports, while stock-specific action drove intraday activity across major sectors in a sideways-moving market environment. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-decide-stock-market-action-on-monday/articleshow/133834844.cms) - 2026-09-03 — BUSINESS: **Volumes soar at Elgi Equipments Ltd counter** — Elgi Equipments Ltd recorded volume of 6.62 lakh shares by 10:46 IST on BSE, a 22.76 times surge over two-week average daily volume of 29096 shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-soar-at-elgi-equipments-ltd-counter-126090300304_1.html) - 2026-08-26 — Economic Times: **Stock Radar: Elgi Equipments stock hits fresh 52-week high in August 2026; time to buy or book profits?** — Elgi Equipments stock has broken out from a three-month consolidation phase. This breakout has propelled the stock to a fresh record high this week. Experts suggest short-term traders can buy the stock for potential gains. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stock-radar-elgi-equipments-stock-hits-fresh-52-week-high-in-august-2026-time-to-buy-or-book-profits/articleshow/133504434.cms) - 2026-08-17 — The Hindu: **Sensex today | Stock Market LIVE: Stock to buy today: Elgi Equipments (₹609.05)** — Sensex, Nifty, Share Prices Live updates: The  stock Elgi Equipments has been appreciating since February after it found support at ₹420. But after hitting a high of ₹634 on May 29, the price gradually moderated. The rally on Friday indicates that the scrip is likely beginning a new leg of rally now, which can potentially lift the stock to ₹740. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-17th-august-2026/article71354693.ece) - 2026-08-15 — Economic Times: **Nifty at risk below 24,000; MCX, Havells among stocks to watch next week: Rupak De** — Nifty faces a crucial 24,000 support level after weakening momentum, with a break potentially triggering short-term bearishness. Analyst Rupak De favours auto and PSU banks, while highlighting MCX, ELGI Equipments, Havells and Himadri Speciality Chemical as trading opportunities. — [Source](https://economictimes.indiatimes.com/markets/expert-view/nifty-at-risk-below-24000-mcx-havells-among-stocks-to-watch-next-week-rupak-de/articleshow/133257377.cms) - 2026-08-14 — BUSINESS: **Volumes jump at Welspun Living Ltd counter** — Welspun Living Ltd witnessed volume of 645.68 lakh shares by 14:14 IST on NSE, a 33.07 times surge over two-week average daily volume of 19.52 lakh shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-jump-at-welspun-living-ltd-counter-126081401084_1.html) - 2026-08-14 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty Bank down 200 pts; AU Bank, SBI top losers** — Sensex Today | Stock Market LIVE Updates: We are the half way mark of the day's trade and the markets remain in red. The markets are under pressure, with the Nifty index falling towards the 24,300 mark. The Nifty Bank is also trading on similar ground, falling below the 57,500 mark. Tata Motors PV, Hindalco, Max Health are the top losers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-sensex-hdfc-bank-nifty-bank-q1-earnings-tata-motors-max-fin-defence-bdl-share-price-liveblog-19969121.htm) - 2026-07-20 — Times of India: **Elgi unveils FY31 roadmap, targets ₹6,615cr revenue** — Elgi Equipments unveils FY31 roadmap targeting ₹6,615 crore revenue (11% CAGR), 18% EBITDA margin and 35% RoCE, driven by energy-efficient air compressors. — [Source](https://timesofindia.indiatimes.com/city/chennai/elgi-unveils-fy31-roadmap-targets-6615cr-revenue/articleshow/132519423.cms) ## Business profile **Strategic vision:** Manufactures and supplies compressed air solutions globally. ### Business segments - **Compressed Air Solutions:** Designs, manufactures, and supplies a diverse array of compressed air products and related solutions, including oil-lubricated, oil-free, and portable compressors, vacuum pumps, and air accessories. ### Competitive strengths - Proprietary air ends for oil-free compressors - Extensive global distributor and partner network - Focus on low total cost of ownership for customers - Comprehensive aftermarket service and spare parts support ## Related stocks - [Action Construction Equipment Limited (Engineering & Capital Goods)](https://faxioms.com/stocks/ace) — +2.50% - [AIA Engineering Limited (Engineering & Capital Goods)](https://faxioms.com/stocks/aiaeng) — -3.04% - [Amber Enterprises India Limited (Engineering & Capital Goods)](https://faxioms.com/stocks/amber) — -2.76% - [BEML Limited (Engineering & Capital Goods)](https://faxioms.com/stocks/beml) — -2.26% - [Cemindia Projects Limited (Engineering & Capital Goods)](https://faxioms.com/stocks/cempro) — +5.41% ## Freshness and sources - Data as of: 2026-11-06 - Source: Faxioms public stock analysis API Canonical: https://faxioms.com/stocks/elgiequip Markdown representation: https://faxioms.com/stocks/elgiequip?render=md