Financials Elgi Equipments Limited Bombay S.E.

Equities

ELGIEQUIP

INE285A01027

Industrial Machinery & Equipment

Market Closed - Bombay S.E. 03:30:54 27/06/2024 pm IST 5-day change 1st Jan Change
720 INR -0.61% Intraday chart for Elgi Equipments Limited -3.14% +32.39%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 38,901 17,742 60,407 88,425 1,38,590 2,29,397 - -
Enterprise Value (EV) 1 39,605 17,742 61,052 89,356 1,40,167 1,90,397 2,23,228 2,20,210
P/E ratio 37.7 x 41.7 x 58.9 x 49.6 x 37.4 x 61 x 58.9 x 49.7 x
Yield 0.53% 1.47% 0.42% 0.41% 0.46% 0.37% 0.4% 0.48%
Capitalization / Revenue 2.09 x 0.97 x 3.14 x 3.5 x 4.56 x 5.92 x 6.33 x 5.52 x
EV / Revenue 2.13 x 0.97 x 3.17 x 3.54 x 4.61 x 5.92 x 6.16 x 5.3 x
EV / EBITDA 20.7 x 11.9 x 28.3 x 30.4 x 32.4 x 39.2 x 39.5 x 32.9 x
EV / FCF 33.7 x -79.6 x 29.2 x 318 x 145 x 71.8 x 72.4 x 78.1 x
FCF Yield 2.97% -1.26% 3.42% 0.31% 0.69% 1.39% 1.38% 1.28%
Price to Book 5.04 x 2.31 x - 8.57 x 10.1 x 14 x 11.9 x 9.85 x
Nbr of stocks (in thousands) 3,16,909 3,16,681 3,16,681 3,16,311 3,16,307 3,16,432 - -
Reference price 2 122.8 56.02 190.8 279.6 438.2 725.0 725.0 725.0
Announcement Date 27/05/19 29/06/20 21/05/21 13/05/22 19/05/23 27/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,635 18,294 19,240 25,247 30,407 32,178 36,230 41,573
EBITDA 1 1,918 1,491 2,157 2,937 4,328 4,860 5,656 6,685
EBIT 1 1,406 838.7 1,413 2,192 3,551 4,093 4,426 5,157
Operating Margin 7.55% 4.58% 7.34% 8.68% 11.68% 12.72% 12.22% 12.4%
Earnings before Tax (EBT) 1 1,413 683.2 1,513 2,630 5,104 4,350 5,235 6,169
Net income 1 1,031 425.7 1,025 1,784 3,708 3,119 3,896 4,619
Net margin 5.53% 2.33% 5.33% 7.07% 12.19% 9.69% 10.75% 11.11%
EPS 2 3.255 1.345 3.240 5.640 11.71 9.860 12.31 14.58
Free Cash Flow 1 1,175 -222.8 2,089 281 969.1 3,136 3,081 2,820
FCF margin 6.31% -1.22% 10.86% 1.11% 3.19% 9.62% 8.5% 6.78%
FCF Conversion (EBITDA) 61.28% - 96.85% 9.57% 22.39% 62.78% 54.48% 42.18%
FCF Conversion (Net income) 114.01% - 203.81% 15.75% 26.14% 94.34% 79.08% 61.05%
Dividend per Share 2 0.6500 0.8250 0.8000 1.150 2.000 2.700 2.900 3.500
Announcement Date 27/05/19 29/06/20 21/05/21 13/05/22 19/05/23 27/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 5,471 6,106 4,894 6,520 6,556 7,276 6,938 7,387 7,724 8,357 7,239 8,048 8,537 9,202 8,522
EBITDA 1 614.7 791.8 321.3 801.6 739 1,070 781.4 1,126 1,146 1,274 886.4 1,152 1,395 1,443 1,305
EBIT - - - - - - - 930 948.9 1,079 - - 1,021 1,090 1,091
Operating Margin - - - - - - - 12.59% 12.28% 12.91% - - 11.96% 11.85% 12.8%
Earnings before Tax (EBT) 459.2 621.6 225.9 763.8 639.4 996.6 682.4 1,025 1,064 2,306 - 1,054 1,313 1,302 1,208
Net income 346.1 433.6 120.2 516.2 417.3 730.6 486.8 719.6 800.6 1,701 - 765.8 959.6 1,044 913
Net margin 6.33% 7.1% 2.46% 7.92% 6.37% 10.04% 7.02% 9.74% 10.36% 20.35% - 9.52% 11.24% 11.35% 10.71%
EPS 1.090 1.370 0.3800 1.630 1.320 2.310 1.540 2.270 2.530 5.370 - 2.420 3.010 3.050 -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 08/02/21 21/05/21 03/08/21 08/11/21 10/02/22 13/05/22 12/08/22 04/11/22 03/02/23 19/05/23 11/08/23 - - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 705 - 645 932 1,577 - - -
Net Cash position 1 - - - - - 4,156 6,169 9,187
Leverage (Debt/EBITDA) 0.3675 x - 0.299 x 0.3172 x 0.3644 x - - -
Free Cash Flow 1 1,175 -223 2,089 281 969 3,136 3,081 2,820
ROE (net income / shareholders' equity) 14.1% 5.53% 12.5% 18.8% 24.5% 22.2% 22.2% 21.2%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 24.30 24.30 - 32.60 43.30 51.90 61.20 73.60
Cash Flow per Share - - - - - - - -
Capex 1 544 439 312 405 690 612 1,189 1,314
Capex / Sales 2.92% 2.4% 1.62% 1.6% 2.27% 1.88% 3.28% 3.16%
Announcement Date 27/05/19 29/06/20 21/05/21 13/05/22 19/05/23 27/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
725 INR
Average target price
636.5 INR
Spread / Average Target
-12.20%
Consensus