Overall Fundamental outlook

Business Operations:

Sector: Industrials
Industry: Specialty Industrial Machinery

Elgi Equipments Limited manufactures and sells air compressors and related parts in India, Europe, Australia, the United States, and internationally. It operates through two segments: Air Compressors and Automotive Equipments. The company offers oil lubricated screw and piston air compressors, oil free piston and screw air compressors, rotary and reciprocating air compressors, diesel and electric portable air compressors, railway air compressors, heat recovery systems, and medical air compressors and vacuum pumps, as well as air accessories; air compressor parts, filters and separators, lubricants and fluids, and service kits, and other accessories; and air compressor services. It also involved in the trading of air compressors, nitrogen systems, and altitude training systems; manufacture and trading of automotive garage equipment, compressed air systems, and vacuum pumps for medical applications; renting of property; and provision of design services. In addition, the company manufactures and trades compressors, hydraulic hammers, and rampi cars. The company serves manufacturing, textile, agriculture, automotive, and construction industries. Elgi Equipments Limited was incorporated in 1960 and is based in Coimbatore, India.

Revenue projections:

Revenue projections for ELGIEQUIP
Revenue projections for ELGIEQUIP

Revenues for ELGIEQUIP are expected to drop compared to the previous year, which could be a cause for concern for investors. A decline in earnings may negatively impact the company's profitability, leading cautious investors to reconsider their positions, as it often signals challenges in overall financial health.

Financial Ratios:

currentRatio 2.104000
forwardPE 33.993603
debtToEquity 30.939000
earningsGrowth 0.339000
revenueGrowth 0.147000
grossMargins 0.510770
operatingMargins 0.131330
trailingEps 11.080000
forwardEps 10.730000

ELGIEQUIP's current ratio of 2.104 means the company has enough liquidity to meet its short-term debt obligations. With sufficient cash reserves and current assets, ELGIEQUIP can comfortably cover its liabilities, reflecting a strong financial outlook.
Elgi Equipments Limited's positive earnings and revenue growth reflect an optimistic outlook for the company's future. The growth in these key areas indicates that Elgi Equipments Limited is expected to continue expanding its business and boosting its financial performance in the coming periods.
ELGIEQUIP's forward EPS being lower than its trailing EPS suggests that the company's earnings may decline in the current year. This could indicate financial challenges ahead for the company.

Price projections:

Price projections for ELGIEQUIP
Price projections for ELGIEQUIP



Recommendation changes over time:

Recommendations trend for ELGIEQUIP
Recommendations trend for ELGIEQUIP


Analysts' buy bias for ELGIEQUIP signals that the stock is considered a favorable investment. This outlook might prompt investors to allocate funds to ELGIEQUIP, seeing it as a solid and profitable choice to park their money and potentially benefit from the company's long-term growth.