Elgi Equipments logo

Elgi Equipments share price

NSE: ELGIEQUIPBSE: 522074Industrial ProductsSmall Cap

Elgi Equipments Limited · Face value ₹1 · Listed Sep 1988 on BSE, Nov 1995 on NSE
Last close ₹513.70down ₹8.15 (1.56%)BSE ₹513.75

Share price at the NSE close on 28 Oct 2026. Previous close ₹521.85.

28 Oct: open ₹521.10, high ₹521.90, low ₹510.65

52-week range of traded prices to 28 Oct 2026
₹408.25Low, 21 Jan 2026₹653.40High, 7 Sep 2026
Market cap
₹16,280 Cr395th largest listed
P/E
36.35
P/B
7.29
Dividend yield
0.53%
ROE
21.9%
ROCE
19.8%
Debt to equity
0.18
Volume, NSE
1,84,54655.9% delivered

Elgi Equipments share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+3.4%over a year · Nifty 500 −8.8%

ResultsDividend20-session average 2,42,242 shares a day, 49.6% delivered

About Elgi Equipments

ELGi Equipments Limited makes and sells air compressors, which are machines that compress air for use in industry. It reports two segments: air compressors and automotive equipment. Its compressor range includes oil-lubricated, oil-free and portable compressors, and it serves industrial, construction and mining, water well, railway and medical customers.

In India, its plants are in Coimbatore, Tamil Nadu. They include a foundry plant, a motor division at Arasur and a pressure vessel division. The company has 26 subsidiaries and 6 joint ventures or associate entities. Elgi Compressors USA Inc. is headquartered in Charlotte, North Carolina, and is engaged in the distribution and servicing of compressors in the United States. Elgi Compressors Europe S.R.L. is headquartered in Belgium and serves as the regional holding and coordination entity for Europe. Elgi Compressors Italy S.R.L., headquartered in Rome, owns Rotair S.p.A., which manufactures portable air compressors for construction, industrial and agricultural applications. Industrial Air Compressors Pty Ltd serves the Australian market. ELGi Gulf FZE, headquartered in Sharjah, trades in and distributes compressors across the Middle East and Africa. A subsidiary in Brazil distributes compressors and related parts to industrial customers.

It was incorporated in 1960. Its executive director, Anvar Jay Varadaraj, who is also its Chief Operating Officer, is a member of the ELGi promoter group. A promoter is the person or group that set up a company or controls it.

Written from the annual report for the year to Mar 2026, filed 20 Jul 2026 and the investor presentation.

Sources for 31 statements, each with its page
  1. The company reports two segments, air compressors and automotive equipment. Annual report, page 39
  2. Automotive equipment is a segment. Annual report, page 39
  3. Product line: oil-lubricated compressors. Annual report, page 29
  4. Product line: oil-free compressors. Annual report, page 29
  5. Customer area: construction and mining. Annual report, page 29
  6. Customer area: water well. Annual report, page 30
  7. Customer area: railways. Annual report, page 30
  8. Product line: portable compressors. Annual report, page 30
  9. Customer area: medical. Annual report, page 30
  10. Plants are in Coimbatore: pressure vessel division. Annual report, page 81
  11. Plants are in Coimbatore: motor division at Arasur. Annual report, page 81
  12. A foundry plant is among the plants. Annual report, page 81
  13. The company has 26 subsidiaries. Annual report, page 47
  14. The company has 6 joint ventures or associate entities. Annual report, page 47
  15. Elgi Compressors USA Inc. is headquartered in Charlotte, North Carolina. Annual report, page 47
  16. It is engaged in distribution and servicing of compressors in the US. Annual report, page 47
  17. Elgi Compressors Europe S.R.L. is headquartered in Belgium. Annual report, page 47
  18. It is the regional holding and coordination entity for Europe. Annual report, page 47
  19. Elgi Compressors Italy S.R.L. is headquartered in Rome. Annual report, page 47
  20. Italy entity owns Rotair S.p.A. as a wholly owned subsidiary. Annual report, page 47
  21. Rotair manufactures portable air compressors. Annual report, page 47
  22. Rotair products serve construction, industrial and agricultural applications. Annual report, page 47
  23. Industrial Air Compressors Pty Ltd serves the Australian market. Annual report, page 48
  24. ELGi Gulf FZE is headquartered in Sharjah. Annual report, page 48
  25. ELGi Gulf FZE trades in and distributes compressors. Annual report, page 48
  26. Its region is the Middle East and Africa. Annual report, page 48
  27. Brazilian subsidiary is headquartered in Brazil and trades in compressors and related parts. Annual report, page 48
  28. Brazilian subsidiary is engaged in wholesale trade and distribution. Annual report, page 48
  29. Incorporated in 1960 (year in the CIN). Annual report, page 3
  30. Anvar Jay Varadaraj is Chief Operating Officer. Annual report, page 22
  31. He is a member of the ELGi promoter group. Annual report, page 22

Results

Consolidated; ₹ crore.Elgi Equipments quarterly results

Revenue growth, 12 months
+15.9%
Net profit growth, 12 months
+23.4%

Quarter to Jun 2026, against the quarter before

Revenue
₹1,062 Crdown 4.53%
Net profit
₹103 Crdown 19.30%
Net margin
9.7%

Revenue by quarter

₹869 CrSep 24₹848 CrDec 24₹993 CrMar 25₹867 CrJun 25₹968 CrSep 25₹1,003 CrDec 25₹1,113 CrMar 26₹1,062 CrJun 26
Peak revenue ₹1,113 Cr, quarter to Mar 2026; lowest ₹848 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹95 CrSep 24₹81 CrDec 24₹102 CrMar 25₹86 CrJun 25₹121 CrSep 25₹95 CrDec 25₹128 CrMar 26₹103 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue8698489938679681,0031,1131,062
Net profit95811028612195128103
Net margin10.9%9.5%10.3%9.9%12.5%9.5%11.5%9.7%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Air Compressors₹3,613 Crup 16.12%91.4%
  • Automotive equipment₹339 Crup 12.31%8.6%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.Elgi Equipments PE ratio and valuation

Price to earnings

At or below today's level on 8% of 1,983 trading days over the last 10 years.

LowestHighest
Its median47.15Industry median34.85
Price to book

At or below today's level on 31% of 1,978 trading days since Nov 2018.

LowestHighest
Its median8.54Industry median4.71
Dividend yield

At or below today's level on 88% of 2,461 trading days over the last 10 years.

LowestHighest
Its median0.41%Industry median0.56%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−2.4%+23.1%−21.2%0.6%
3 years+2.6%+5.2%−2.9%0.5%
5 years+20.1%+24.2%−3.7%0.4%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Elgi Equipments shareholding pattern

Shareholding by group

  • Promoters31.19%
  • Foreign institutions20.20%
  • Indian institutions11.47%
  • Individuals and others36.66%
  • Employee trusts0.48%
Holder
Dark Horse Portfolio Investment Private LimitedPromoter20.10%
Jairam VaradarajPromoter8.91%
Gagandeep Credit Capital Pvt LtdCompanies4.64%
Nalanda India Equity Fund LimitedForeign portfolio investors, category I2.64%
Pari Washington India Master Fund, LtdForeign portfolio investors, category I2.52%
Nemish S ShahResident individuals, over ₹2 lakh at face value1.69%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 0.88% of their shares. Since Jun 2026: promoters unchanged, foreign institutions −1.70 pts, Indian institutions +1.34 pts, mutual funds +1.47 pts.

Mutual fund holdings

79 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 52 of the 57 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 79 funds holding Elgi Equipments

Bought for the first time
2
Added
19
Cut
38
Held unchanged
19
Sold out
2
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Elgi Equipments insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 1 pledge filing of unclear kind
  • Others: no market trade · 2 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Elgi Equipments competitors and peers

Compressors Pumps & Diesel Engines, 16 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Elgi Equipments in market cap.Capital goods stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Cummins India logoCummins IndiaCUMMINSIND1,28,06654.1015.11+15.3%+10.6%29.5%28.1%1.43%
Kirloskar Oil Engines logoKirloskar Oil EnginesKIRLOSENG27,81351.557.68+22.7%+14.4%16.1%13.6%0.37%
Kirloskar Brothers logoKirloskar BrothersKIRLOSBROS12,41633.014.83+10.8%–15.7%16.3%0.45%
Ingersoll Rand (India) logoIngersoll Rand (India)INGERRAND12,22245.6919.85+8.3%+1.1%43.7%54.1%1.94%
Ksb logoKsbKSB11,35046.236.69+4.6%−4.4%15.2%16.9%0.67%
Kirloskar Pneumatic Company logoKirloskar Pneumatic CompanyKIRLPNU7,05627.205.47+9.1%+38.8%21.4%24.6%1.11%
Shakti Pumps (India) logoShakti Pumps (India)SHAKTIPUMP4,49728.082.52+15.8%−60.1%9.4%9.5%0.27%
Greaves Cotton logoGreaves CottonGREAVESCOT4,21942.272.95+21.2%+23.0%7.0%7.0%1.10%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Elgi Equipments dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.5Mar 170.6Mar 180.7Mar 190.8Mar 200.8Mar 211.2Mar 222Mar 232Mar 242.2Mar 252.7Mar 26
Highest ₹2.70 a share, year to Mar 2026.
Ex-dateTypePer share
17 Jul 2026Final₹2.70
18 Jul 2025Final₹2.20
24 Jul 2024Final₹2.00
28 Jul 2023Final₹2.00
4 Aug 2022Final₹1.15
23 Jul 2021Final₹0.80
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Elgi Equipments announcements

Elgi Equipments share price by year

Each calendar year to 2025.Elgi Equipments share price history

YearClose at year endChangeHighest closeLowest close
2025473.75−18.3%593.55402.20
2024579.80+6.5%769.20532.80
2023544.55+29.8%583.20361.40
2022419.50+40.3%559.70257.50
2021299.10+95.5%320.40151.55
2020153.00+19.0%162.4551.40
2019128.55−1.6%151.75118.55
2018130.63−15.5%168.20114.05
2017154.55+69.6%157.6389.75
201691.10+40.5%99.6860.08
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026520.00528.90515.95521.85522.302,15,35052.8%
26 Oct 2026511.60523.10505.60520.20513.822,57,14650.7%
23 Oct 2026529.00530.00504.80512.85512.772,83,50445.3%
22 Oct 2026524.10541.95519.95534.00532.122,30,04441.8%
21 Oct 2026542.00545.00518.25526.10526.872,75,34858.5%
19 Oct 2026570.55572.00542.10544.35553.572,60,37351.5%
16 Oct 2026571.00578.00561.55572.20570.801,43,46741.1%
15 Oct 2026574.35578.45566.50571.60572.971,69,96354.1%
14 Oct 2026585.00586.00572.10574.35576.062,04,15441.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
24 Sep 2020Bonus0.5000Holders received 1 bonus share for every 1 held.
14 Dec 2010Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
JAIRAM VARADARAJ
At the end of the quarter to Sep 2026
NSE symbol
ELGIEQUIP
BSE code
522074
ISIN
INE285A01027
Industry
Industrial Products
CIN
L29120TZ1960PLC000351
Corporate identity number, the registrar of companies' code for it
Incorporated
1960
Registered office
Elgi Industrial Complex III, Trichy Road, Singanallur, Coimbatore 641005, Tamil Nadu
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments

Earlier listing: Elgi Equipments partly paid (BSE 890080), delisted.