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ELGIEQUIP - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.1

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.1

Stock Code ELGIEQUIP Market Cap 15,307 Cr. Current Price 483 ₹ High / Low 608 ₹
Stock P/E 41.3 Book Value 57.9 ₹ Dividend Yield 0.46 % ROCE 28.4 %
ROE 21.9 % Face Value 1.00 ₹ DMA 50 492 ₹ DMA 200 498 ₹
Chg in FII Hold -3.01 % Chg in DII Hold 1.84 % PAT Qtr 99.1 Cr. PAT Prev Qtr 90.8 Cr.
RSI 44.5 MACD -4.50 Volume 5,05,280 Avg Vol 1Wk 4,23,800
Low price 390 ₹ High price 608 ₹ PEG Ratio 1.77 Debt to equity 0.01
52w Index 42.5 % Qtr Profit Var 23.7 % EPS 11.4 ₹ Industry PE 35.8

📊 Core Financials

  • Revenue growth: Positive, PAT increased to 99.1 Cr. from 90.8 Cr.
  • Profit margins: EPS at 11.4 ₹, ROE 21.9%, ROCE 28.4% — strong efficiency
  • Debt ratios: Very low debt-to-equity at 0.01, nearly debt-free
  • Cash flows: Healthy profitability supports strong cash generation
  • Return metrics: ROE and ROCE above industry averages

💹 Valuation Indicators

  • P/E Ratio: 41.3, higher than industry PE of 35.8, reflects premium valuation
  • P/B Ratio: ~8.34 (483 ₹ / 57.9 ₹), relatively high
  • PEG Ratio: 1.77, suggests valuation is stretched relative to growth
  • Intrinsic Value: Slightly overvalued at current levels, supported by strong fundamentals

🏢 Business Model & Competitive Advantage

  • Operates in industrial air compressors and equipment sector
  • Strong competitive advantage through global presence and engineering expertise
  • Industry demand supported by manufacturing and infrastructure expansion

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive near 450–470 ₹ range
  • Long-Term Holding: Recommended, strong fundamentals and brand positioning support sustained growth

✅ Positive

  • High ROE (21.9%) and ROCE (28.4%) show strong capital efficiency
  • Debt-to-equity ratio at 0.01 indicates near debt-free status
  • Quarterly profit growth of 23.7% demonstrates strong momentum

⚠️ Limitation

  • P/E ratio (41.3) above industry average, reflects premium valuation
  • P/B ratio at ~8.34 is relatively high
  • PEG ratio of 1.77 suggests valuation stretched compared to growth

📰 Company Negative News

  • FII holding decreased (-3.01%)
  • Stock trading below 50 DMA (492 ₹) and 200 DMA (498 ₹), showing weak momentum

🌟 Company Positive News

  • PAT increased to 99.1 Cr. from 90.8 Cr.
  • DII holding increased (+1.84%)
  • Dividend yield at 0.46% provides shareholder returns

🏭 Industry

  • Industry PE at 35.8, ELGIEQUIP trades at a premium due to strong fundamentals
  • Sector benefits from industrial expansion and infrastructure growth

🔎 Conclusion

  • ELGIEQUIP shows strong fundamentals with robust profitability, high returns, and minimal debt
  • Valuation is premium, with PEG ratio suggesting stretched levels relative to growth
  • Recommended for long-term holding, with entry near 450–470 ₹ offering better risk-reward potential

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