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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Elgi Equipments Limited is an India-based company, which is engaged in manufacture, trading of air compressors and automotive garage equipment and also providing related after sales services. It provides a range of compressors, which includes rotary screw air compressors, oil…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, slow-growing business, trading cheap versus its own history.
Elgi Equipments is scored on the general / industrial framework. It keeps a healthy 10.6% of every rupee of sales as net profit. Cash broadly tracks reported profit (CFO/PAT 1.05×). Free cash flow is worth about 2.0% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at 5%/yr. Book value itself has compounded 18%/yr — the hallmark of a genuine compounder. Return on equity is an elite 19.3%. In the latest quarter profit fell 19% versus the prior quarter.
At 41× earnings, the stock sits at the 13th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price already implies ~18%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 38.75 | 43.72 | better |
| P/B | 7.34 | 6.05 | worse |
| EV/EBITDA | 23.99 | 20.61 | worse |
| ROE | 19.28 | 14.33 | better |
| ROCE | 21.8 | 18.32 | better |
| ROA | 12.3 | 9.3 | better |
| Quick Ratio | 1.49 | 1.76 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Cummins India | 49.9 | 13.5 | 27.1% |
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
Revenue has grown every year across all 4 financial years shown. 9% CAGR — growing but slowly.
Revenue is outpacing profit (9% vs 5%) — costs are rising faster than the top line.
Operating margin has compressed from 16% to 14% — costs or competition are eating into profitability.
ROE at 19% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 8pp.
5% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Run-rate stepping up — recent quarters average 8% above earlier ones.
Profit fell 19% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (12% → 10%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 31.2% — dispersed ownership; institutional flows drive the stock. FIIs trimmed 2.9pp — foreign money is rotating out. MF holding up 3.6pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.