# ELGIEQUIP (ELGIEQUIP) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/elgiequip

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹609.55
- Change: +2.74%
- As of: 2026-09-18
- 1D return: +2.74%
- 5D return: -1.94%
- 1M return: -3.62%
- Latest complete quarter: fy26_q4

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, ELGIEQUIP is trading at ₹609.55, exhibiting a mixed technical stance across different timeframes. Daily indicators suggest a potential shift, with the price below the 20-day Exponential Moving Average (EMA) and Simple Moving Average (SMA), while remaining above the 50-day SMA and 200-day SMA. The daily Supertrend is bullish, indicating underlying support. In contrast, weekly and monthly timeframes show stronger alignment with the trend, as the price is above key moving averages (EMA 20, EMA 50, SMA 20, SMA 50) and the Supertrend indicator on both periods, suggesting a more robust longer-term uptrend.

Recent price action includes an active "Morning Star" pattern on the daily chart and a "Harami" pattern on the monthly chart, which can signal potential reversals or indecision. The stock is currently positioned near the middle of its 50-day range, with the nearest resistance observed at ₹612.83 (0.54% away) and support at ₹603.07 (-1.06% away). The stock's annualized volatility stands at 37%, with a current drawdown of -5% and a maximum drawdown of -30% observed historically.

Key conditions to monitor include the price's ability to sustain above the ₹603.07 support level. A break below this could signal further downside. Conversely, a sustained move above the ₹612.83 resistance level, potentially challenging the ₹618.70 resistance, would reinforce the bullish sentiment. The recent upward gap anomaly on September 15, 2026, despite a subsequent price decline, warrants attention for any follow-through.

- Current price: ₹609.55 as of September 18, 2026.
- Nearest resistance level: ₹612.83 (0.54% above current price).
- Nearest support level: ₹603.07 (1.06% below current price).
- Active daily "Morning Star" and monthly "Harami" patterns suggest potential trend shifts or consolidation.
- Watch for price movement relative to ₹612.83 resistance and ₹603.07 support for near-term direction.

- Harami
- Morning Star
- Outside Bar
- Bearish Engulfing Reversal
- Doji

### News Context

ELGi Equipments has outlined an ambitious plan to become one of the top three global players in its industry by 2035. This strategic push is supported by a planned investment of ₹500 crore towards expanding its Coimbatore campus. The company's strategy also emphasizes increasing exports and developing energy-saving compressor technology.

- ELGi aims for a global top-three ranking by 2035.
- A ₹500 crore investment is allocated for expansion at the Coimbatore campus.
- The company is focusing on exports and energy-saving compressor technology as key growth drivers.

- ELGi Eyes Global Top Three Position, Bets ₹500 Crore On Expansion

### What Changed

Elgi Equipments is pursuing a significant global expansion strategy, aiming for a top-three position in the worldwide market by 2035. This ambition is supported by a planned investment of ₹500 crore towards a new campus in Coimbatore, with a focus on exports and advanced energy-saving compressor technology. As of September 18, 2026, the company's stock traded at ₹609.55, a slight increase from its previous price of ₹593.3. The company's long-term strategic goals and recent stock price movement represent the latest developments, while its core business of manufacturing and exporting compressors remains the continuing context.

- On September 18, 2026, Elgi Equipments' stock closed at ₹609.55.
- The previous closing price on the observation date was ₹593.3.
- Elgi Equipments has announced plans to invest ₹500 crore in expanding its Coimbatore campus.
- The company aims to become one of the top three global players in its sector by 2035.
- The expansion strategy emphasizes exports and energy-saving compressor technology.

- ELGi Eyes Global Top Three Position, Bets ₹500 Crore On Expansion

### Official Filings

Elgi Equipments Limited has announced the sale of its subsidiary, Gentex Air Solutions LLC, to James Gery Naico for cash consideration. This transaction also involved Elgi Compressors USA Inc. relinquishing its equity stake in exchange for exclusivity rights in certain Texas counties. The disclosed financial figures for Gentex Air Solutions LLC indicate a prior year income of ₹700,000 and a net worth of ₹13,200,000, which represent a small fraction of the listed entity's overall financial position.

In other developments, the company appointed Mr. Vikas Thiruvalluru as Senior Management Personnel, specifically as President and Head - GPMO, effective September 1, 2026. This appointment follows a recommendation from the Nomination and Remuneration Committee. Mr. Thiruvalluru joined Elgi in March 2026 and previously held the role of Chief Operating Officer at Jayem Automotives Private Limited.

Additionally, Elgi Equipments launched a new compressed air solutions brand in India named VAYU on August 20, 2026. This brand is specifically targeted at Micro, Small, and Medium Enterprises (MSMEs) and initially offers compressors in the 5–45 kW range. The company also disclosed an independent 'Crisil Core ESG 58' rating assigned by Crisil ESG Ratings & Analytics Ltd based on publicly available data, noting that the company did not engage Crisil for this assessment.

- On September 4, 2026, Elgi Equipments Limited agreed to sell its subsidiary Gentex Air Solutions LLC for cash, also securing exclusivity rights in certain Texas counties.
- The subsidiary's prior year income was ₹700,000 and net worth was ₹13,200,000, representing negligible percentages of the listed entity's total figures.
- Mr. Vikas Thiruvalluru was appointed as Senior Management Personnel (President and Head - GPMO) effective September 1, 2026.
- On August 20, 2026, Elgi Equipments launched VAYU, a new 'Made-in-India' compressed air solutions brand targeting MSMEs.
- On August 25, 2026, the company was assigned a 'Crisil Core ESG 58' rating by Crisil ESG Ratings & Analytics Ltd based on publicly available data.

- Elgi Equipments Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating
- Elgi Equipments Limited has informed the Exchange about Diversification/Disinvestment |SUBJECT: Diversification/Disinvestment
- Elgi Equipments Limited has informed the Exchange regarding Sale or disposal of unit(s)/division(s)/subsidiary |SUBJECT: Sale or disposal-XBRL
- Elgi Equipments Limited has informed the Exchange regarding Appointment of Mr Vikas Thiruvalluru as Senior Management Personnel of the company w.e.f. September 01, 2026. |SUBJECT: Appointment
- ELGI EQUIPMENTS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Elgi Equipments Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Elgi Equipments Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Elgi Equipments Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating
- Elgi Equipments Limited has informed the Exchange regarding a press release dated August 20, 2026, titled "VAYU Launches in India, Bringing Made-in-India Compressed Air Solutions to Growing Manufacturers". |SUBJECT: Press Release
- Elgi Equipments Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Fundamentals

Elgi Equipments reported a mixed operational performance in its latest disclosed quarterly results. Revenue from operations for Q2 FY2025-26 stood at ₹968 crore, followed by ₹1,003.40 crore in Q3 FY2025-26 and ₹1,112.60 crore in Q4 FY2025-26. Profit Before Tax (PBT) showed fluctuations, with ₹163.60 crore in Q2 FY2025-26, decreasing to ₹127.10 crore in Q3 FY2025-26, and then rising to ₹165.30 crore in Q4 FY2025-26. The company's operating profit margin (OPM) was 14.0% in Q4 FY2024, 15.0% in Q4 FY2025, and is projected at 15.0% for Q4 FY2026. Net profit for Q4 FY2024 was ₹312 crore, projected to be ₹350 crore for Q4 FY2025 and ₹430 crore for Q4 FY2026. The company's financial health shows increasing borrowings, from ₹577 crore in March 2023 to ₹638 crore in March 2024, with projections to decrease to ₹533 crore by March 2026. Equity capital remained stable at ₹32 crore from March 2021 to March 2026. Reserves have shown consistent growth, reaching ₹1580 crore in March 2024 and projected to reach ₹2200 crore by March 2026. Free cash flow has been positive, ₹243 crore in March 2024, projected to increase to ₹348 crore by March 2026. Key monitoring areas include the trend in borrowings and the company's ability to translate revenue growth into consistent profit growth, particularly in light of fluctuating PBT figures.

- Revenue from operations for Q2 FY2025-26 was ₹968 crore, increasing to ₹1,112.60 crore in Q4 FY2025-26.
- Profit Before Tax (PBT) for Q2 FY2025-26 was ₹163.60 crore, declining to ₹127.10 crore in Q3 FY2025-26 before recovering to ₹165.30 crore in Q4 FY2025-26.
- Net profit for the year ended March 2024 was ₹312 crore, with projections of ₹350 crore for March 2025 and ₹430 crore for March 2026.
- Borrowings increased from ₹577 crore in March 2023 to ₹638 crore in March 2024, with a projected decrease to ₹533 crore by March 2026.
- Free Cash Flow was ₹243 crore for the year ended March 2024, with projections to increase to ₹348 crore by March 2026.

### Bull Case

Elgi Equipments has demonstrated consistent sales and profit growth over the past five years, with compounded annual growth rates of 15% for sales and 31% for profits. This growth trend has continued into the trailing twelve months (TTM) period, with sales up 16% and profits up 28%. The company is also investing in its future, as indicated by a planned ₹500 crore expansion. Technically, the stock exhibits a bullish trend across daily, weekly, and monthly timeframes, supported by moving averages and the Supertrend indicator. Recent returns show a notable increase, with a 26% gain in the last six months and a 21% gain over the past year.

- Compounded sales growth was 15% over 5 years and 16% on a TTM basis.
- Compounded profit growth was 31% over 5 years and 28% on a TTM basis.
- The company has announced a ₹500 crore expansion plan.
- Technical indicators show a bullish trend on daily, weekly, and monthly charts as of September 18, 2026.

- ELGi Eyes Global Top Three Position, Bets ₹500 Crore On Expansion

### Bear Case

Elgi Equipments' balance sheet shows a significant increase in borrowings, rising from ₹238 crore in March 2019 to ₹448 crore in March 2020. This nearly doubled debt level, coupled with a decrease in cash flow from operations, warrants attention. Operating cash flow fell from ₹172 crore in March 2019 to ₹35 crore in March 2020, and free cash flow turned negative, declining from ₹120 crore to a deficit of ₹6 crore over the same period. While fixed assets increased, indicating investment in property, plant, and equipment, the company also saw a decrease in its cash reserves.

- Borrowings increased from ₹238 crore (Mar 2019) to ₹448 crore (Mar 2020).
- Cash flow from operations decreased from ₹172 crore (Mar 2019) to ₹35 crore (Mar 2020).
- Free Cash Flow shifted from a positive ₹120 crore (Mar 2019) to a negative ₹6 crore (Mar 2020).
- Fixed Assets grew from ₹504 crore (Mar 2019) to ₹600 crore (Mar 2020), while cash from investing activities was a net outflow of ₹152 crore (Mar 2020).

- ELGi Eyes Global Top Three Position, Bets ₹500 Crore On Expansion

### FAQs

**What is Elgi Equipments' stated long-term ambition and the investment planned to support it?**

Elgi Equipments aims to be among the top three global players in its industry by 2035. To achieve this, the company plans to invest ₹500 crore in expanding its Coimbatore campus, focusing on exports and energy-saving compressor technology.

**How has Elgi Equipments' financial leverage and asset base changed between March 2019 and March 2020?**

Between March 2019 and March 2020, Elgi Equipments saw a significant increase in borrowings, rising from ₹238 crore to ₹448 crore. Concurrently, total assets grew from ₹1375 crore to ₹1551 crore, driven by an increase in fixed assets from ₹504 crore to ₹600 crore and other assets from ₹851 crore to ₹935 crore. Total liabilities also increased in line with total assets.

**What has been the trend in Elgi Equipments' cash flow from operations and free cash flow over the last two fiscal years?**

Elgi Equipments experienced a decline in cash flow from operations, which decreased from ₹172 crore in the year ended March 2019 to ₹35 crore in the year ended March 2020. Free cash flow also turned negative, moving from ₹120 crore in March 2019 to a negative ₹6 crore in March 2020. Cash flow from investing activities increased from an outflow of ₹107 crore to ₹152 crore over the same period.

**What are the recent technical indicators suggesting about Elgi Equipments' stock trend?**

As of September 18, 2026, technical indicators suggest a bullish trend for Elgi Equipments on a weekly and monthly basis, with the Supertrend indicator in a bullish direction for both timeframes. Daily indicators show a mixed picture with the ADX at 16.33 and the plus DI (20.57) slightly below the minus DI (21.62), though the EMA 50 slope is positive.

**What recent corporate actions has Elgi Equipments announced?**

Recent announcements include the appointment of Mr. Vikas Thiruvalluru as Senior Management Personnel effective September 1, 2026. The company also entered into an agreement on September 4, 2026, to sell its subsidiary Gentex Air Solutions LLC. Additionally, there was a filing regarding credit rating on September 13, 2026.

- ELGi Eyes Global Top Three Position, Bets ₹500 Crore On Expansion
- Elgi Equipments Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating
- Elgi Equipments Limited has informed the Exchange about Diversification/Disinvestment |SUBJECT: Diversification/Disinvestment
- Elgi Equipments Limited has informed the Exchange regarding Sale or disposal of unit(s)/division(s)/subsidiary |SUBJECT: Sale or disposal-XBRL
- Elgi Equipments Limited has informed the Exchange regarding Appointment of Mr Vikas Thiruvalluru as Senior Management Personnel of the company w.e.f. September 01, 2026. |SUBJECT: Appointment
- ELGI EQUIPMENTS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹594.03
- Risk regime: Price Risk Requires Attention

### Support levels
- 510.1296875
- 503.45
- 466.7

### Resistance levels
- 618.7
- 630.6125000000001
- 648.7

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.74% |
| return_10 | -3.30% |
| return_1m | -0.76% |
| return_1y | +20.50% |
| return_20 | -3.62% |
| return_3m | +1.25% |
| return_5 | -1.94% |
| return_6m | +26.44% |
| return_since_start | +5.57% |
| return_ytd | +28.02% |

### 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 | +37.02% |

## Quarterly financials

- Latest complete quarter: fy26_q4

# Revenue and Profit Reach New Highs as Margins Expand

Elgi Equipments closed fiscal 2025‑26 with its strongest quarter of the year. Revenue from operations rose 12% from a year ago to ₹1,112.6 crore, and profit before tax increased 19% to ₹165.3 crore – both the highest levels of the fiscal year. Profitability improved compared with both the prior quarter and the same quarter last year, helped by slower growth in other expenses and a decline in finance costs.

## Revenue Growth Accelerates in Q4

Revenue from operations of ₹1,112.6 crore was the highest of the fiscal year, surpassing the previous peak of ₹1,003.4 crore in Q3. The quarter‑on‑quarter increase of 10.9% accelerated from the 3.7% sequential growth in the prior quarter. Revenue in Q1 was ₹866.7 crore, the lowest of the year. On a year‑on‑year basis, revenue grew 12.1% from ₹992.9 crore in Q4 FY2024‑25.

## Margin Expansion Supported by Slower Other Expense Growth and Lower Finance Costs

Profit before tax (PBT) reached ₹165.3 crore, up 30.1% from Q3 and 18.8% from Q4 last year. The PBT margin improved to 14.9% of revenue, compared with 14.0% a year ago and 12.7% in the prior quarter.

Other expenses rose 8.9% year‑on‑year to ₹178.1 crore, slower than the 12.1% revenue increase. Finance costs declined 22.8% from a year ago to ₹6.1 crore. Cost of materials consumed was ₹432.1 crore, purchases of stock‑in‑trade ₹141.6 crore, and employee benefit expense ₹201.5 crore.

## Other Income Contribution

Other income of ₹22.2 crore contributed 13.4% of profit before tax.

## Net Profit and Discontinued Operations

Net profit from continuing operations was ₹129.5 crore, up 28.3% year‑on‑year and the highest in the fiscal year. Total net profit (including discontinued operations) was ₹128.0 crore, ₹1.5 crore lower than continuing operations. This reverses the pattern seen in the previous four quarters, where total net profit exceeded continuing‑operations profit by ₹1.1 crore to ₹3.4 crore. The difference indicates a small loss from discontinued operations in Q4.

## Key Takeaway

Elgi Equipments reported its highest quarterly revenue and profit before tax of fiscal 2025‑26 in the fourth quarter. Profitability improved as other expenses grew slower than revenue and finance costs declined. Net profit from continuing operations reached a new high, while a small loss from discontinued operations reduced total net profit slightly.

### Ratios

## Official filings

- 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)
- 2026-09-01 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_933_WebXMLFile_20260901_114417417.xml)
- 2026-08-29 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_29082026074809_Intimation_-_US_Tariff_Refund.pdf)
- 2026-08-28 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_28082026151214_IntimationofNewspaperadvertisement.pdf)
- 2026-08-25 — Credit Rating Update: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_25082026111951_Intimation_-_CRISIL_ESG_Ratings.pdf)
- 2026-08-20 — Press Release: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_20082026153414_PressRelease20082026.pdf)
- 2026-08-20 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_933_WebXMLFile_20260820_155353543.xml)
- 2026-08-20 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_20082026155130_Intimation_Transcript-Final.pdf)
- 2026-08-14 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_14082026185544_Proceedings66thAGM.pdf)
- 2026-08-14 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_14082026110133_IntimationPresentation14082026.pdf)
- 2026-08-14 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_933_WebXMLFile_20260814_193944339.xml)
- 2026-08-14 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_14082026193506_IntimationAudioVideoRecording14082026.pdf)
- 2026-08-14 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_14082026190905_DeclarationofResults2026EELsigned.pdf)
- 2026-08-14 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_14082026130241_Newspaperadvertisement14082026.pdf)
- 2026-08-14 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_933_WebXMLFile_20260814_111024281.xml)
- 2026-08-13 — Press Release: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_13082026172124_PressReleaseFinancial13082026cir.pdf)
- 2026-08-13 — Generic Announcement: Elgi Equipments Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_13082026171726_BMOutcome30062026.pdf)
- 2026-07-24 — Generic Announcement: Elgi Equipments Limited has revised the timeline for expanding its Global Support Center (GSC) capacity at Kinathukadavu, Coimbatore. The capacity addition, initially planned for Q1 FY 2026-27, is now expected in Q3 FY 2026-27 due to additional time needed for commissioning, testing, and stabilization of automation equipment. This delay is not expected to impact the company's revenue. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_24072026150535_Continuous_Disclosure_in_Capacity_Addition.pdf)
- 2026-07-24 — Official Filing: Elgi Equipments Limited announced a capacity addition for its Global Support Center (GSC), increasing Stock Keeping Unit (SKU) handling by 725 per day. The project, initially planned for Q1 FY 2026-27, is now expected to be completed in Q3 FY 2026-27 due to additional time needed for commissioning and testing automation equipment. The investment required is INR 1,440,000,000, to be financed through internal accruals. This revised timeline does not impact the company's revenue.
- 2026-07-22 — Official Filing: Elgi Equipments Limited will hold a Q1 -2026-27 Analyst Call on August 14, 2026, at 12:00 PM in Coimbatore. The virtual group meeting is for Analysts, Investors & General Public to discuss Q1 Results. A web link for the event is provided, and Mani Kumar KVR can be contacted for details.
- 2026-07-22 — Generic Announcement: Elgi Equipments Limited will hold its Q1 2026-27 earnings conference call for analysts and investors on Friday, August 14, 2026, at 12:00 PM IST via Microsoft Teams Meeting. The company will upload presentations, recordings, and transcripts to its website and inform the stock exchanges in due course. The schedule is subject to change, and no unpublished price sensitive information will be discussed. — [Official attachment](https://nsearchives.nseindia.com/corporate/ELGIEQUIP_22072026143325_Analystcall30062026.pdf)
- 2026-07-20 — Official Filing: Elgi Equipments Limited will hold its 66th Annual General Meeting on August 14, 2026, via Video Conference/Other Audio-Visual Means. The agenda includes adopting financial statements for the year ended March 31, 2026, declaring a final dividend of ₹2.70 per equity share, and appointing/re-appointing directors including Mr. Anvar Jay Varadaraj and Ms. Padmaja Alaganandan. The company also proposes to ratify the remuneration of its Cost Auditor, M/s. STR & Associates, for ₹500,000 for the period April 1, 2026, to March 31, 2027.

## News and market events

- 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

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/elgiequip
Markdown representation: https://faxioms.com/stocks/elgiequip?render=md