- Valuation
- ₹19,810 Cr

About Elgi Equipments Limited
Data last updated:
Elgi Equipments Limited is a public limited company based in Coimbatore, Tamil Nadu, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 14 March 1960 and has been in existence for over 66 years.
Elgi Equipments is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN L29120TZ1960PLC000351. Its GSTIN is 23AAACE4784E1ZV (Madhya Pradesh). The company holds 14 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 522074 and NSE: ELGIEQUIP.
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹31.69 Cr. It is led by directors including Jairam Varadaraj (Managing Director) and Anvarjay Varadaraj (Whole-Time Director).
Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Elgi Industrial Complex III Trichy Road Singanallur, Coimbatore, Tamil Nadu, India – 641005.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,950.7 Cr, a growth of 12.5% compared to the previous year. For the same year it recorded a net profit of ₹389.31 Cr (net margin 9.9%) and EBITDA of ₹568.2 Cr (EBITDA margin 14.4%). The net worth stands at ₹2,231.9 Cr (up 19.6% YoY). Total assets are valued at ₹2,786 Cr (up 13.1% YoY).
The company has about 1,409 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries and 1 joint venture.
As per MCA filings, the company has open charges of ₹315.6 Cr and satisfied charges of ₹192.59 Cr on record. Court records list 218 cases involving the company, including 153 filed by the company and 65 filed against it; 37 cases are pending. The company has 28 deals on record (25 market trades, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.4 Lakh; the latest was in November 2025. Its 6 peer companies in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 3 smaller; the largest is Blue Star Limited with revenue of ₹12,043 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 1,085 overdue payments to 52 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elgi.com.
Company details
Recognitions & Rankings of Elgi Equipments
Contact details
Elgi Equipments Limited's registered office is in Coimbatore, Tamil Nadu. Its website is elgi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressElgi Industrial Complex III Trichy Road Singanallur, Coimbatore, Tamil Nadu, India – 641005
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Elgi Equipments Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activities of Elgi Equipments are manufacturing and support service to organizations. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Elgi Equipments Limited, buy the company report.
Financials of Elgi Equipments Limited
FY 2025-26 filings availableElgi Equipments Limited reported revenue of ₹3,950.7 Cr (up 12.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,951 | 3,510 | 3,218 | 3,041 | 2,525 | 1,924 | 1,829 |
| Revenue growth | +12.5% | +9.1% | +5.8% | +20.4% | +31.2% | +5.2% | - |
| EBITDA | 568 | 529 | 491 | 437 | 296 | 217 | 138 |
| EBITDA margin | +14.4% | +15.1% | +15.3% | +14.4% | +11.7% | +11.3% | +7.5% |
| Profit before tax | 577 | 482 | 440 | 510 | 263 | 153 | 69.56 |
| Net profit | 389 | 347 | 307 | 286 | 169 | 102 | 42.30 |
| Net profit margin | +9.9% | +9.9% | +9.6% | +9.4% | +6.7% | +5.3% | +2.3% |
| EPS (₹) | 13.57 | 11.05 | 9.85 | 11.70 | 5.63 | 3.23 | 2.69 |
| Balance sheet | |||||||
| Total assets | 2,786 | 2,462 | 2,268 | 1,965 | 1,483 | 1,349 | 1,233 |
| Net worth | 2,232 | 1,866 | 1,611 | 1,371 | 1,033 | 870 | 769 |
| Total debt | 533 | 577 | 638 | 577 | 436 | 465 | 448 |
| Cash & bank | 718 | 874 | 774 | 570 | 278 | 262 | 85.72 |
| Net working capital | 1,616 | 1,667 | 1,579 | 1,310 | 858 | 718 | 579 |
| Cash flow | |||||||
| Cash from operations | 454 | 391 | 285 | 166 | 68.56 | 240 | 35.48 |
| Cash from investing | (98.30) | (283) | (101) | (217) | 1.90 | (110) | (152) |
| Cash from financing | (312) | (217) | (79.10) | 59.82 | (81.21) | (48.22) | 91.37 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,062 | 1,113 | 1,003 | 968 | 867 | 993 | 848 | 869 |
| Revenue growth (YoY) | +22.6% | +12.1% | +18.4% | +11.4% | +8.2% | - | - | - |
| Other income | 22.20 | 22.20 | 26.30 | 54.80 | 22.70 | 17.80 | 15.35 | 16.38 |
| EBITDA | 148 | 173 | 129 | 140 | 121 | 150 | 119 | 142 |
| EBITDA margin | +13.9% | +15.5% | +12.8% | +14.5% | +14.0% | +15.1% | +14.1% | +16.3% |
| Depreciation | 24.70 | 25.00 | 21.30 | 20.70 | 18.80 | 19.50 | 18.61 | 18.86 |
| Interest | 6.00 | 6.10 | 5.00 | 7.00 | 7.30 | 7.90 | 5.57 | 8.41 |
| Profit before tax | 140 | 164 | 129 | 167 | 118 | 140 | 111 | 131 |
| Tax | 36.20 | 35.80 | 33.70 | 45.60 | 32.10 | 38.30 | 30.04 | 35.96 |
| Net profit | 103 | 128 | 95.20 | 121 | 85.60 | 102 | 80.58 | 94.73 |
| EPS (₹) | 3.27 | 4.06 | 3.01 | 3.83 | 2.70 | 3.23 | 2.55 | 2.99 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,343 | 2,081 | 1,843 | 1,757 | 1,583 | 1,100 | 1,081 |
| Revenue growth | +12.6% | +12.9% | +4.9% | +11.0% | +43.9% | +1.8% | - |
| EBITDA | 422 | 437 | 402 | 316 | 245 | 156 | 120 |
| EBITDA margin | +18.0% | +21.0% | +21.8% | +18.0% | +15.5% | +14.2% | +11.1% |
| Profit before tax | 464 | 468 | 428 | 354 | 251 | 140 | 128 |
| Net profit | 349 | 349 | 319 | 265 | 187 | 105 | 100 |
| Net profit margin | +14.9% | +16.8% | +17.3% | +15.1% | +11.8% | +9.6% | +9.3% |
| EPS (₹) | 10.89 | 11.04 | 10.16 | 8.60 | 5.97 | 3.32 | 6.34 |
| Balance sheet | |||||||
| Total assets | 2,038 | 1,745 | 1,590 | 1,324 | 993 | 925 | 817 |
| Net worth | 1,987 | 1,726 | 1,469 | 1,222 | 984 | 816 | 710 |
| Total debt | 41.40 | 9.70 | 112 | 93.02 | 2.33 | 104 | 102 |
| Cash & bank | 535 | 720 | 643 | 440 | 118 | 160 | 44.58 |
| Net working capital | 1,123 | 1,142 | 1,088 | 840 | 529 | 464 | 330 |
| Cash flow | |||||||
| Cash from operations | 180 | 338 | 255 | 235 | 105 | 116 | 72.96 |
| Cash from investing | (73.90) | (244) | (91.00) | (287) | 5.93 | (52.52) | (70.98) |
| Cash from financing | (95.90) | (208) | (69.20) | 48.88 | (129) | (5.23) | 0.43 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 645 | 666 | 606 | 568 | 503 | 580 | 498 | 531 |
| Revenue growth (YoY) | +28.3% | +14.9% | +21.7% | +7.0% | +6.5% | - | - | - |
| Other income | 20.10 | 22.30 | 17.00 | 24.40 | 22.10 | 17.10 | 13.26 | 25.99 |
| Total expenses | 529 | 565 | 491 | 460 | 406 | 455 | 395 | 416 |
| EBITDA | 115 | 101 | 114 | 108 | 96.80 | 125 | 102 | 114 |
| EBITDA margin | +17.9% | +15.2% | +18.9% | +19.1% | +19.3% | +21.5% | +20.6% | +21.5% |
| Depreciation | 12.40 | 11.20 | 10.80 | 10.00 | 9.00 | 8.90 | 8.87 | 9.02 |
| Interest | 0.90 | 0.50 | 0.10 | 0.40 | 0.20 | 0.20 | 0.03 | 0.76 |
| Profit before tax | 122 | 112 | 121 | 122 | 110 | 133 | 107 | 131 |
| Tax | 31.80 | 28.50 | 30.90 | 31.60 | 28.20 | 33.60 | 26.71 | 32.65 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,062 | 1,113 | 1,003 | 968 | 867 | 993 | 848 | 869 |
| Revenue growth (YoY) | +22.6% | +12.1% | +18.4% | +11.4% | +8.2% | - | - | - |
| Other income | 22.20 | 22.20 | 26.30 | 54.80 | 22.70 | 17.80 | 15.35 | 16.38 |
| EBITDA | 148 | 173 | 129 | 140 | 121 | 150 | 119 | 142 |
| EBITDA margin | +13.9% | +15.5% | +12.8% | +14.5% | +14.0% | +15.1% | +14.1% | +16.3% |
| Depreciation | 24.70 | 25.00 | 21.30 | 20.70 | 18.80 | 19.50 | 18.61 | 18.86 |
| Interest | 6.00 | 6.10 | 5.00 | 7.00 | 7.30 | 7.90 | 5.57 | 8.41 |
| Profit before tax | 140 | 164 | 129 | 167 | 118 | 140 | 111 | 131 |
| Tax | 36.20 | 35.80 | 33.70 | 45.60 | 32.10 | 38.30 | 30.04 | 35.96 |
| Net profit | 103 | 128 | 95.20 | 121 | 85.60 | 102 | 80.58 | 94.73 |
| EPS (₹) | 3.27 | 4.06 | 3.01 | 3.83 | 2.70 | 3.23 | 2.55 | 2.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,951 | 3,510 | 3,218 | 3,041 | 2,525 | 1,924 | 1,829 |
| Revenue growth | +12.5% | +9.1% | +5.8% | +20.4% | +31.2% | +5.2% | - |
| Other income | 124 | 63.20 | 60.20 | 175 | 56.29 | 24.91 | 14.45 |
| Total expenses | 3,382 | 2,982 | 2,727 | 2,604 | 2,229 | 1,707 | 1,692 |
| Employee cost | 776 | 683 | 655 | 572 | 484 | 412 | 405 |
| EBITDA | 568 | 529 | 491 | 437 | 296 | 217 | 138 |
| EBITDA margin | +14.4% | +15.1% | +15.3% | +14.4% | +11.7% | +11.3% | +7.5% |
| Depreciation | 85.80 | 76.00 | 76.60 | 77.72 | 74.49 | 74.34 | 65.23 |
| Interest | 29.50 | 34.50 | 33.90 | 24.14 | 14.95 | 14.97 | 17.23 |
| Profit before tax | 577 | 482 | 440 | 510 | 263 | 153 | 69.56 |
| Tax | 147 | 131 | 128 | 140 | 84.61 | 50.27 | 26.99 |
| Net profit | 389 | 347 | 307 | 286 | 169 | 102 | 42.30 |
| Net profit margin | +9.9% | +9.9% | +9.6% | +9.4% | +6.7% | +5.3% | +2.3% |
| EPS (₹) | 13.57 | 11.05 | 9.85 | 11.70 | 5.63 | 3.23 | 2.69 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 31.70 | 31.70 | 31.70 | 31.69 | 31.69 | 31.69 | 15.85 |
| Reserves & surplus | 2,200 | 1,834 | 1,580 | 1,339 | 1,012 | 844 | 754 |
| Shareholders' funds (net worth) | 2,232 | 1,866 | 1,611 | 1,371 | 1,033 | 870 | 769 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 260 | 353 | 373 | 364 | 294 | 224 | 266 |
| Unsecured loans | 273 | 224 | 265 | 213 | 141 | 241 | 182 |
| Total debt | 533 | 577 | 638 | 577 | 436 | 465 | 448 |
| Total liabilities | 2,786 | 2,462 | 2,268 | 1,965 | 1,483 | 1,349 | 1,233 |
| Assets | |||||||
| Gross block | 1,340 | 1,168 | 1,056 | 1,034 | 933 | 883 | 844 |
| Net block | 699 | 592 | 587 | 587 | 553 | 572 | 600 |
| Capital work in progress | 136 | 53.00 | 9.50 | 2.92 | 7.47 | 4.12 | 3.72 |
| Investments | 165 | 80.60 | 40.90 | 37.00 | 30.90 | 23.77 | 12.44 |
| Inventories | 711 | 608 | 622 | 602 | 483 | 343 | 343 |
| Sundry debtors | 724 | 608 | 593 | 551 | 472 | 400 | 347 |
| Cash & bank balances | 718 | 874 | 774 | 570 | 278 | 262 | 85.72 |
| Loans & advances | 215 | 151 | 130 | 100 | 100 | 129 | 121 |
| Total current assets | 2,368 | 2,242 | 2,119 | 1,824 | 1,334 | 1,133 | 897 |
| Total current liabilities | 752 | 575 | 540 | 514 | 476 | 415 | 318 |
| Net working capital | 1,616 | 1,667 | 1,579 | 1,310 | 858 | 718 | 579 |
| Total assets | 2,786 | 2,462 | 2,268 | 1,965 | 1,483 | 1,349 | 1,233 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 120 | 229 | 125 | 116 | 128 | 45.51 | 70.24 |
| Net cash from operating activities | 454 | 391 | 285 | 166 | 68.56 | 240 | 35.48 |
| Net cash from investing activities | (98.30) | (283) | (101) | (217) | 1.90 | (110) | (152) |
| Net cash from financing activities | (312) | (217) | (79.10) | 59.82 | (81.21) | (48.22) | 91.37 |
| Net change in cash | 43.20 | (109) | 105 | 8.39 | (10.75) | 82.31 | (24.73) |
| Closing cash | 718 | 874 | 774 | 570 | 278 | 262 | 85.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.5% | +9.1% | +5.8% | +20.4% | +31.2% | +5.2% | - |
| EBITDA growth | +7.4% | +7.8% | +12.3% | +47.6% | +36.4% | +57.9% | - |
| PBT growth | +19.9% | +9.4% | -13.7% | +94.0% | +72.2% | +119.6% | -51.5% |
| Net income growth | +12.0% | +13.0% | +7.6% | +68.9% | +65.5% | +141.6% | - |
| Revenue CAGR (3Y) | +9.1% | +11.6% | +18.7% | +18.5% | +10.7% | +6.3% | +10.1% |
| EBITDA CAGR (3Y) | +9.1% | +21.3% | +31.2% | +47.0% | +15.2% | +7.5% | -0.8% |
| Profitability & leverage | |||||||
| Net income margin | +10.9% | +10.0% | +9.7% | +12.2% | +7.1% | +5.3% | +2.3% |
| Return on capital employed | +23.1% | +21.8% | +22.4% | +24.2% | +19.5% | +13.0% | +7.7% |
| Return on net worth | +21.0% | +20.1% | +20.9% | +23.8% | +18.8% | +12.5% | +5.5% |
| Debt / equity | 0.27 | 0.35 | 0.41 | 0.42 | 0.47 | 0.56 | 0.45 |
| Long-term debt / equity | 0.04 | 0.04 | 0.05 | 0.07 | 0.12 | 0.16 | 0.14 |
| Interest cover | 6.12 | 7.62 | 8.19 | 6.72 | 6.74 | 10.48 | 23.82 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.15 | 3.16 | 3.08 | 3.09 | 2.78 | 2.23 | 2.40 |
| Inventory turnover | 5.99 | 5.70 | 5.26 | 5.60 | 6.11 | 5.61 | 5.88 |
| Debtors turnover | 5.93 | 5.85 | 5.63 | 5.95 | 5.79 | 5.15 | 5.13 |
| EPS (₹) | 13.57 | 11.05 | 9.85 | 11.70 | 5.63 | 3.23 | 2.69 |
| Dividend per share (₹) | 2.70 | 2.20 | 2.00 | 2.00 | 1.15 | 0.80 | 1.65 |
| Book value per share (₹) | 70.41 | 58.85 | 50.83 | 43.27 | 32.94 | 27.62 | 48.60 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 645 | 666 | 606 | 568 | 503 | 580 | 498 | 531 |
| Revenue growth (YoY) | +28.3% | +14.9% | +21.7% | +7.0% | +6.5% | - | - | - |
| Other income | 20.10 | 22.30 | 17.00 | 24.40 | 22.10 | 17.10 | 13.26 | 25.99 |
| Total expenses | 529 | 565 | 491 | 460 | 406 | 455 | 395 | 416 |
| EBITDA | 115 | 101 | 114 | 108 | 96.80 | 125 | 102 | 114 |
| EBITDA margin | +17.9% | +15.2% | +18.9% | +19.1% | +19.3% | +21.5% | +20.6% | +21.5% |
| Depreciation | 12.40 | 11.20 | 10.80 | 10.00 | 9.00 | 8.90 | 8.87 | 9.02 |
| Interest | 0.90 | 0.50 | 0.10 | 0.40 | 0.20 | 0.20 | 0.03 | 0.76 |
| Profit before tax | 122 | 112 | 121 | 122 | 110 | 133 | 107 | 131 |
| Tax | 31.80 | 28.50 | 30.90 | 31.60 | 28.20 | 33.60 | 26.71 | 32.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,343 | 2,081 | 1,843 | 1,757 | 1,583 | 1,100 | 1,081 |
| Revenue growth | +12.6% | +12.9% | +4.9% | +11.0% | +43.9% | +1.8% | - |
| Other income | 85.80 | 69.60 | 68.60 | 83.36 | 45.68 | 24.06 | 49.43 |
| Total expenses | 1,920 | 1,644 | 1,441 | 1,441 | 1,337 | 944 | 961 |
| Employee cost | 274 | 232 | 212 | 193 | 170 | 156 | 163 |
| EBITDA | 422 | 437 | 402 | 316 | 245 | 156 | 120 |
| EBITDA margin | +18.0% | +21.0% | +21.8% | +18.0% | +15.5% | +14.2% | +11.1% |
| Depreciation | 41.00 | 35.90 | 36.00 | 38.36 | 36.77 | 35.33 | 36.65 |
| Interest | 2.80 | 3.40 | 6.60 | 6.75 | 2.71 | 4.54 | 5.16 |
| Profit before tax | 464 | 468 | 428 | 354 | 251 | 140 | 128 |
| Tax | 119 | 118 | 106 | 81.50 | 61.99 | 35.11 | 27.37 |
| Net profit | 349 | 349 | 319 | 265 | 187 | 105 | 100 |
| Net profit margin | +14.9% | +16.8% | +17.3% | +15.1% | +11.8% | +9.6% | +9.3% |
| EPS (₹) | 10.89 | 11.04 | 10.16 | 8.60 | 5.97 | 3.32 | 6.34 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 31.70 | 31.70 | 31.70 | 31.69 | 31.69 | 31.69 | 15.85 |
| Reserves & surplus | 1,955 | 1,695 | 1,438 | 1,200 | 964 | 790 | 695 |
| Shareholders' funds (net worth) | 1,987 | 1,726 | 1,469 | 1,222 | 984 | 816 | 710 |
| Secured loans | 0.00 | 0.00 | 15.00 | 30.00 | 0.00 | 0.00 | 26.00 |
| Unsecured loans | 41.40 | 9.70 | 96.80 | 63.02 | 2.33 | 104 | 75.59 |
| Total debt | 41.40 | 9.70 | 112 | 93.02 | 2.33 | 104 | 102 |
| Total liabilities | 2,038 | 1,745 | 1,590 | 1,324 | 993 | 925 | 817 |
| Assets | |||||||
| Gross block | 674 | 567 | 529 | 501 | 447 | 423 | 409 |
| Net block | 282 | 213 | 210 | 216 | 199 | 211 | 234 |
| Capital work in progress | 132 | 50.90 | 9.30 | 2.52 | 6.52 | 4.02 | 3.60 |
| Investments | 303 | 231 | 190 | 184 | 181 | 178 | 174 |
| Inventories | 273 | 214 | 186 | 167 | 172 | 139 | 130 |
| Sundry debtors | 641 | 460 | 499 | 444 | 424 | 330 | 256 |
| Cash & bank balances | 535 | 720 | 643 | 440 | 118 | 160 | 44.58 |
| Loans & advances | 148 | 86.50 | 70.90 | 47.38 | 82.24 | 79.60 | 82.75 |
| Total current assets | 1,597 | 1,481 | 1,400 | 1,099 | 797 | 709 | 513 |
| Total current liabilities | 474 | 338 | 312 | 259 | 268 | 244 | 184 |
| Net working capital | 1,123 | 1,142 | 1,088 | 840 | 529 | 464 | 330 |
| Total assets | 2,038 | 1,745 | 1,590 | 1,324 | 993 | 925 | 817 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 32.80 | 146 | 51.90 | 54.90 | 74.28 | 16.15 | 13.74 |
| Net cash from operating activities | 180 | 338 | 255 | 235 | 105 | 116 | 72.96 |
| Net cash from investing activities | (73.90) | (244) | (91.00) | (287) | 5.93 | (52.52) | (70.98) |
| Net cash from financing activities | (95.90) | (208) | (69.20) | 48.88 | (129) | (5.23) | 0.43 |
| Net change in cash | 10.40 | (114) | 94.60 | (2.98) | (18.65) | 58.13 | 2.41 |
| Closing cash | 535 | 720 | 643 | 440 | 118 | 160 | 44.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.6% | +12.9% | +4.9% | +11.0% | +43.9% | +1.8% | - |
| EBITDA growth | -3.4% | +8.8% | +27.3% | +28.8% | +57.2% | +29.8% | - |
| PBT growth | -0.7% | +9.3% | +20.9% | +40.8% | +79.3% | +9.7% | +6.0% |
| Net income growth | -0.2% | +9.6% | +20.5% | +41.9% | +77.6% | +4.8% | - |
| Revenue CAGR (3Y) | +10.1% | +9.6% | +18.8% | +17.6% | +10.4% | +2.5% | +6.6% |
| EBITDA CAGR (3Y) | +10.2% | +21.3% | +37.1% | +38.0% | +20.0% | +6.4% | +2.1% |
| Profitability & leverage | |||||||
| Net income margin | +14.7% | +16.8% | +17.5% | +15.5% | +12.0% | +9.6% | +9.3% |
| Return on capital employed | +24.7% | +28.2% | +29.8% | +31.1% | +26.5% | +16.6% | +17.4% |
| Return on net worth | +18.6% | +21.9% | +23.9% | +24.7% | +21.0% | +13.8% | +14.6% |
| Debt / equity | 0.01 | 0.04 | 0.08 | 0.04 | 0.06 | 0.14 | 0.10 |
| Long-term debt / equity | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.73 | 0.85 | 1.80 | 2.43 | 1.30 | 3.76 | 6.18 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.78 | 3.80 | 3.58 | 3.71 | 3.64 | 2.65 | 2.82 |
| Inventory turnover | 9.64 | 10.40 | 10.42 | 10.37 | 10.20 | 8.19 | 8.93 |
| Debtors turnover | 4.26 | 4.34 | 3.91 | 4.05 | 4.19 | 3.75 | 3.99 |
| EPS (₹) | 10.89 | 11.04 | 10.16 | 8.60 | 5.97 | 3.32 | 6.34 |
| Dividend per share (₹) | 2.70 | 2.20 | 2.00 | 2.00 | 1.15 | 0.80 | 1.65 |
| Book value per share (₹) | 62.68 | 54.46 | 46.35 | 38.87 | 31.41 | 25.91 | 44.88 |
To see the full year-wise statements and ratios of Elgi Equipments Limited, buy the company report.
Board of directors of Elgi Equipments Limited
Elgi Equipments has 8 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anvarjay Varadaraj Also directs: Elgi Ultra Private Limited, Ats Elgi Limited, Varam Estates Private Limited and 1 more | Whole-Time Director | 01 Apr 2020 | 6 Years 6 Months | Current |
| Sudarsan Varadaraj Also directs: Elgi Rubber Company Limited, Tyre Point LLP, Magna Electro Castings Limited and 2 more | Director | 18 Nov 1993 | 32 Years 11 Months | Current |
| Jairam Varadaraj Also directs: Elgi Rubber Company Limited, Elgi Sauer Compressors Limited, Elgi Ultra Private Limited and 3 more | Managing Director | 29 May 1992 | 34 Years 5 Months | Current |
| Srinivasan Ravindran Also directs: Mape Citrus Developers LLP, Ecoedu Consultants Private Limited | Director | 31 Jul 2024 | 2 Years 3 Months | Current |
| Srinivasan Krishnamurthi | Director | 31 Jul 2024 | 2 Years 3 Months | Current |
| Suman Kumar Das Also directs: Inventia Healthcare Limited | Director | 31 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Elgi Equipments Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Blue Star Limited | ₹12,043 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| Daikin Airconditioning India Private Limited | ₹10,442 Cr (FY 2025) | 27.0% | Delhi, India | |||
| Atlas Copco (India) Private Limited | ₹5,819.02 Cr (FY 2025) | 20.0% | Dapodi, Pune-411012, Maharashtra, India | |||
| Elgi Equipments Limitedthis company | ₹3,950.7 Cr (FY 2026) | ₹389.31 Cr | 9.9% | 12.5% | 1,409 | Coimbatore, Tamil Nadu, India |
| Kirloskar Pneumatic Company Limited | ₹1,650.74 Cr (FY 2025) | 23.0% | Pune, Maharashtra, India | |||
| Blue Star Climatech Limited | ₹1,486.42 Cr (FY 2025) | 106.0% | Mumbai, Maharashtra, India | |||
| Ingersoll-Rand (India) Limited | ₹1,374.58 Cr (FY 2025) | 11.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Elgi Equipments Limited, buy the company report.
Auditor
Elgi Equipments Limited is audited by <span>Price Waterhouse</span><span><br/>Chartered Accountants LLP</span> for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| <span>Price Waterhouse</span><span><br/>Chartered Accountants LLP</span> | FY 2023 | 012754N/N500016 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 31.20%, foreign institutional investors hold 21.90%, domestic institutional investors hold 10.10% and retail and other public shareholders hold 36.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 31.20% | 31.20% | 31.20% | 31.20% |
| Public | 68.80% | 68.80% | 68.80% | 68.80% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2023 | 100740069 | Hdfc Bank Limited | ₹62.3 Cr | Open | |
| 22 Dec 2020 | 100405402 | Citi Bank N.A. | ₹162.3 Cr | Open | |
| 21 Nov 2012 | 10389825 | The Hongkong and Shanghai Banking Corporation Limited | ₹37.5 Cr | Open | |
| 15 Jul 1993 | 80026380 | Central Bank of India | ₹23.5 Cr | Open | |
| 15 Jul 1993 | 80026384 | State Bank of India | ₹30 Cr | Open |
To see the full charge records of Elgi Equipments Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Elgi Equipments Limited has 28 deals on record (25 market trades, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.4 Lakh; the latest was in November 2025.
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Market trade | ₹92.49 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Mar 2025 | Market trade | ₹121.76 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Mar 2020 | Market trade | ₹36.39 Cr | Buyer: Fortress Advisors LLP Seller: Prescient Wealth Management Private Limited |
| Feb 2008 | Market trade | ₹2.14 Cr | Seller: Anvil Share and Stock Broking Private Limited |
| Apr 2006 | Market trade | ₹4.93 Cr | Buyer: Agarwal Textile Industries Private Limited Seller: Envision Investment Consultants Private Limited |
To see the full deal history of Elgi Equipments Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Elgi Equipments Limited has 218 court cases on record: 153 filed by Elgi Equipments, 65 filed against it. 37 cases are pending and 181 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 140 | 35 | 21 |
| District courts | 73 | 27 | 15 |
| Supreme Court | 5 | 3 | 1 |
Cases on record (5 of 218)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed by the company against Union Bank of India | Pending |
| District court, Nagpur, Maharashtra | Court case (R.C.A.) | Filed against the company by Cummins India Ltd. | Pending |
| District court, Nagpur, Maharashtra | Court case (Civil M.A.) | Filed against the company by Cummins India Ltd. | Disposed |
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Yavatmal, Maharashtra | Court case (Civil M.A.) | Filed against the company | Pending |
To see the full case history of Elgi Equipments Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Elgi Equipments Limited was last rated by Crisil on 13 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 May 2020 |
To see the full credit ratings and regulatory alerts of Elgi Equipments Limited, buy the company report.
MSME payment delays
Elgi Equipments Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 1,085 overdue payments to 52 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 52)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Nandhu Coats | |||
| Summits Hygronics Private Limited | |||
| Fluiconnecto India Private Limited | |||
| an individual supplier | |||
| Denvik Technology Private Limited |
To see the full MSME payment records of Elgi Equipments Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Elgi Equipments has 3 subsidiary companies and 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ergo Design Private Limited | U29299TZ2012PTC018828 | |
| Adisons Precision Instruments Mfg.Co.Ltd | U32109TZ1972PLC008922 | |
| Ats Elgi Limited | U34300TZ2007PLC014125 |
To see the full group structure of Elgi Equipments Limited, buy the company report.
Employees & EPFO
Elgi Equipments Limited has a workforce of 1,409 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Elgi Equipments has 14 GST registrations: 5 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACE4784E1ZV | Madhya Pradesh | Active | 01 Jul 2017 |
| 29AAACE4784E1ZJ | Karnataka | Active | 01 Jul 2017 |
| 33AAACE4784E1ZU | Tamil Nadu | Active | 01 Jul 2017 |
| 22AAACE4784E1ZX | Chhattisgarh | Active | 07 Sep 2018 |
To see the full GST registrations and return filing status of Elgi Equipments Limited, buy the company report.
Recent activity
Elgi Equipments Limited has 45 board changes on record since 1960: 28 appointments and 17 cessations. The latest: Padmaja Alaganandan was appointed as Additional Director on 27 May 2026.
57 earlier events are in the company report.
News
Frequently asked questions
Elgi Equipments is an active public limited company based in Coimbatore, Tamil Nadu, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 14 March 1960 (66+ years old) and is registered under CIN L29120TZ1960PLC000351. Listed on BSE: 522074 and NSE: ELGIEQUIP.
Elgi Equipments reported revenue of ₹3,950.7 Cr for FY 2025-26 (up 12.5% YoY) based on consolidated financials.
Elgi Equipments has 8 current directors:
- Jairam Varadaraj - Managing Director
- Anvarjay Varadaraj - Whole-Time Director
- Sudarsan Varadaraj - Director
- Srinivasan Ravindran - Director
- Srinivasan Krishnamurthi - Director
- Suman Kumar Das - Director
- Padmaja Alaganandan - Additional Director
- Varun Jay Varadaraj - Additional Director
The latest financial statements of Elgi Equipments on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Elgi Equipments is 23AAACE4784E1ZV, registered in Madhya Pradesh. The company has 14 GST registrations in all, of which 5 are active and 9 are cancelled or inactive. Other active GSTINs include 29AAACE4784E1ZJ (Karnataka), 33AAACE4784E1ZU (Tamil Nadu), 22AAACE4784E1ZX (Chhattisgarh).
The CIN (Corporate Identification Number) of Elgi Equipments is L29120TZ1960PLC000351. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Elgi Equipments is a listed company as per MCA records. Its shares are listed on both BSE (code: 522074) and NSE (symbol: ELGIEQUIP).
Elgi Equipments has 218 court cases on record: 153 filed by the company and 65 filed against it. 37 are pending. Most are in the high courts.
Elgi Equipments was incorporated on 14 March 1960, making it 66+ years old. It is registered with the Registrar of Companies, Coimbatore.
Elgi Equipments has 28 deals on record (25 market trades, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.4 Lakh; the latest was in November 2025.
The peers of Elgi Equipments by revenue are Blue Star Limited, Daikin Airconditioning India Private Limited, Atlas Copco (India) Private Limited, Kirloskar Pneumatic Company Limited, Blue Star Climatech Limited and 1 more, all in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Padmaja Alaganandan was appointed as Additional Director on 27 May 2026. Varun Jay Varadaraj was appointed as Additional Director on 27 May 2026. Rohit Jagannath Gupte was appointed as Company Secretary on 18 Aug 2025. Elgi Equipments has 45 board changes on record in total.

