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ELGI Equipments Limited (522074) Fair Value & Analysis

Industrial Goods · IN · Market cap ₹34.9B

EE ELGI Equipments Limited 522074 · BSE
Price₹613.75
Fair Value₹194.23
Upside-68.4%
Quality61/100
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Healthy Growth
Thin margins · 2.3% net margin
Low debt
1.25% dividend yield
Narrow moat 34/100
Evidence: High Range ₹114.60 – ₹274.37 Share as image

Fair value as of: Aug 17, 2026

From 26 valuation models · updated 2 days ago

Share price +5.6% over the past month.

A solid business, but screening 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹274.37). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹114.60 to ₹274.37) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹759.66 ₹187.03 Fair Value ₹194.23 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range ₹187.03 – ₹759.66 · fair‑value band ₹114.60 – ₹274.37 · the ₹613.75 price screens above the ₹194.23 fair value. Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

ELGI Equipments Limited (522074) currently trades at ₹613.75, while our model-based Fair Value estimate is ₹194.23, implying the stock looks roughly 68.4% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Industrial Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, ELGI Equipments Limited generated revenue of ₹16.8B at a net margin of 2.3%. Revenue grew 8.0% year over year. It earns a return on equity of 4.9%. The stock trades on a trailing P/E of 97.4 (as of Aug 17, 2026). Fundamentals as of Aug 17, 2026

Our scenario range runs from ₹114.60 (bear case) to ₹274.37 (bull case); at ₹613.75, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrial Goods peers we cover trades at -48% fair-value upside, at -68%, 522074 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹119.49 ₹200.99 ₹335.79 80
Residual Income ₹73.40 ₹99.62 ₹420.39 76
Rev-Margin DCF ₹126.86 ₹217.92 ₹332.26 74
All 26 models by family
DCF Models
FCF DCF ₹119.62 ₹206.30 ₹352.30 38
Owner Earnings ₹133.53 ₹230.55 ₹393.96 31
5Y Revenue Exit ₹126.86 ₹220.15 ₹345.51 39
5Y EBITDA Exit ₹141.24 ₹249.09 ₹382.36 41
5Y P/E Exit ₹148.15 ₹262.99 ₹392.04 38
10Y Revenue Exit ₹119.02 ₹206.14 ₹336.51 36
10Y EBITDA Exit ₹132.79 ₹227.06 ₹366.65 37
10Y P/E Exit ₹137.32 ₹237.10 ₹374.56 35
Earnings-Based
Graham-Dodd ₹75.17 ₹319.72 ₹436.59 54
Lynch FV ₹81.56 ₹116.51 ₹151.47 50
PEG = 1.0 ₹81.56 ₹116.51 ₹151.47 46
EPV ₹125.54 ₹145.98 ₹163.86 59
Dividend Discount
Gordon GGM ₹18.32 ₹38.09 ₹60.42 70
DDM Multi-Stage ₹18.32 ₹32.12 ₹39.97 61
Multiples
P/E Multiple ₹174.11 ₹232.14 ₹290.18 63
P/S Multiple ₹140.94 ₹187.93 ₹234.91 58
P/B Multiple ₹140.94 ₹187.93 ₹234.91 55
EV/EBIT ₹185.32 ₹246.12 ₹306.92 53
EV/EBITDA ₹165.79 ₹220.08 ₹274.37 54
EV/Revenue ₹133.10 ₹188.90 ₹244.69 43
Asset-Based
NCAV (Graham) ₹29.44 ₹39.46 ₹58.89 50
Growth DCF
Growth DCF ₹119.49 ₹200.99 ₹335.79 80
Rev-Margin DCF ₹126.86 ₹217.92 ₹332.26 74
Economic Profit
Residual Income ₹73.40 ₹99.62 ₹420.39 76
ROIC Compounder ₹140.50 ₹184.88 ₹240.81 72
Growth Earnings
Growth-Adj P/E ₹137.43 ₹196.32 ₹255.22 68

Widest divergence: DCF Models (₹227.06) versus Dividend Discount (₹32.12). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹16.8B
Revenue growth (YoY) +8.0%
Net margin 2.3%
Return on equity 4.9%
P/E ratio 97.4 as of Aug 17, 2026
Operating margin 2.7%
More key figures
EPS (TTM) ₹1.21
Dividend yield 1.3%
EPS growth (YoY) +184%

Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 65 · Market factors (momentum, volatility) 63

Profitability 75
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

ELGI Equipments Limited manufactures and sells air compressors and related parts in India and internationally. It operates in two segments, Air Compressors and Automotive Equipments.

Full company description

ELGI Equipments Limited manufactures and sells air compressors and related parts in India and internationally. It operates in two segments, Air Compressors and Automotive Equipments. The company offers oil lubricated screw compressors, oil free piston air compressors, oil free screw compressors, oil lubricated piston compressors, diesel portable air compressors, electric portable compressors, railway air compressors, heat recovery systems, and medical air compressors and vacuum pumps, as well as accessories. In addition, it is involved in the trading of air compressors, hammers, rampi cars, nitrogen systems, and altitude training systems; manufacture and trading of automotive garage equipment; marketing and sale of vacuum pumps for medical applications; provision of design services; and rental of properties. ELGI Equipments Limited was founded in 1960 and is based in Coimbatore, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ELGI Equipments Limited reported revenue of ₹35.1B in FY2025 versus ₹19.2B in FY2021, a compound +16.2%/yr. Reported net income was ₹3.5B in FY2025, compounding +36.0%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
₹35.1B
Latest YoY
+9.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.9%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.1%
Revenue +16.2%/yr
FY21 ₹19.2B
FY22 ₹25.2B
FY23 ₹30.4B
FY24 ₹32.2B
FY25 ₹35.1B
Net income +36.0%/yr
FY21 ₹1.0B
FY22 ₹1.8B
FY23 ₹3.7B
FY24 ₹3.1B
FY25 ₹3.5B

522074 screens 68% overvalued. Compare with Siemens Limited →

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Cite: Fair Value Calculator (2026). "ELGI Equipments Limited Fair Value". https://www.fairvalue-calculator.com/stock/522074

Peer Group

Industrials · 5383 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Diversified Machinery” was too small, so the broader sector is used.)

Quality Score 60 · Above median
Fair Value upside −29% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 8% · Above median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Industrials median · lower = cheaper

P/E (TTM) 97.4× · Pricier than 75% of peers
P/B 1.87× · Pricier than median
P/S (TTM) 2.07× · Pricier than median
EV/EBITDA 33.7× · Pricier than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Diversified Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Stock Price Fair Value vs Fair Value
Siemens Limited 500550 ₹4,019 ₹892.67 -78%
Thermax Limited 500411 ₹4,086 ₹679.90 -83%
GMM Pfaudler Limited 505255 ₹1,045 ₹247.43 -76%
Suzlon Energy Limited 532667 ₹48.92 ₹25.61 -48%
Yuken India Limited 522108 ₹845.70 ₹381.13 -55%
Disa India Limited 500068 ₹11,544 ₹6,266 -46%
Bharat Bijlee Limited 503960 ₹2,286 ₹4,020 +76%
Axtel Industries Limited 523850 ₹408.80 ₹326.63 -20%
Mazda Limited 523792 ₹230.65 ₹683.34 +196%
Singer India Limited 505729 ₹85.02 ₹37.62 -56%

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Frequently asked questions

Is ELGI Equipments Limited (522074) overvalued or undervalued?
As of Aug 17, 2026, our model estimates a fair value of ₹194.23 versus a price of ₹613.75, about −68% (overvalued).
What is the fair value of 522074?
Our model-based fair value for ELGI Equipments Limited is ₹194.23 (as of Aug 17, 2026), built from audited fundamentals. The current price is ₹613.75.
What is the quality score of 522074?
ELGI Equipments Limited has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of ELGI Equipments Limited (522074)?
ELGI Equipments Limited reported trailing-twelve-month revenue of about ₹16.8B (latest available figure, as of Aug 17, 2026).
What is the net profit margin of 522074?
The net profit margin of ELGI Equipments Limited is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. Based on the latest reported figures.
Does ELGI Equipments Limited pay a dividend?
ELGI Equipments Limited currently shows a dividend yield of about 1.25% relative to its recent price (as of Aug 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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