Elgi Equipments Ltd
About
Elgi Equipments has been a producer of air compressors and garage equipment in India since 1960. Since then, it has diversified to produce oil-free compressors, rotary screw air compressors, reciprocating air compressors, portable compressors, air accessories, heat recovery systems, and railway compressors. The pressure vessel division of the company manufactures air-oil separators and air receivers for its compressors. With a manufacturing capacity of 2400 pressure vessels per month and 9000 metric tonnes of ductile and grey iron castings annually, Elgi has been the chosen supplier of clients like Craftsman Automation, Timberlink Australia, and Festo. The company has made more than 2 million successful installations worldwide with the help of its services like filtration, lubrication, and oil carryover and leakage calculations.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3278 -0.5% | 3293 22.3% | 2691 40.3% | 1918 2.4% | 1873 0.1% | 1872 14.2% | 1639 18.6% | 1382 -1.0% | 1397 2.8% | 1359 -1.2% | 1375 21.4% | 1133 11.0% | 1021 6.8% | 956 38.8% | 689 25.4% | 549 - |
| Net Operating Income (INR Cr) | 3218 5.82% | 3041 20.44% | 2525 31.24% | 1924 5.17% | 1829 -1.83% | 1863 16.17% | 1604 17.06% | 1370 -2.19% | 1401 6.59% | 1314 -2.68% | 1350 17.99% | 1145 15.43% | 992 5.38% | 941 39.00% | 677 22.87% | 551 9.33% |
| Profit (INR Cr) | 312 -15.9% | 371 107.8% | 178 74.1% | 102 140.8% | 43 -58.7% | 103 8.2% | 95 28.8% | 74 45.3% | 51 5.9% | 48 5.6% | 46 -24.3% | 60 -20.4% | 76 -15.1% | 89 53.6% | 58 42.2% | 41 - |
| Assets (INR Cr) | 2267 15.4% | 1965 32.5% | 1483 9.9% | 1349 9.5% | 1233 21.4% | 1016 5.6% | 962 10.9% | 868 0.9% | 860 -1.9% | 876 7.2% | 818 11.2% | 735 80.8% | 407 17.7% | 346 30.0% | 266 33.2% | 200 - |
| Net Worth (INR Cr) | 1611 17.5% | 1371 32.8% | 1033 18.7% | 870 13.1% | 769 -0.3% | 771 11.9% | 689 13.5% | 607 11.1% | 546 10.7% | 493 6.4% | 464 6.9% | 434 9.0% | 398 17.5% | 338 28.6% | 263 31.8% | 200 18.4% |
| Employee Cost (INR Cr) | 655 14.5% | 572 18.2% | 484 17.5% | 412 1.8% | 405 18.7% | 341 21.2% | 281 10.8% | 254 -1.1% | 257 2.8% | 250 7.3% | 233 42.6% | 163 50.7% | 108 13.8% | 95 33.2% | 71 37.3% | 52 - |
| Interest Cost (INR Cr) | 34 | 24 | 15 | 15 | 17 | 11 | 7 | 9 | 14 | 17 | 12 | 7 | 3 | 2 | 1 | 2 |
| Cash & Bank Balance (INR Cr) | 775 | 570 | 278 | 262 | 86 | 110 | 109 | 106 | 83 | 78 | 69 | 73 | 148 | 141 | 119 | 25 |
| Total Debt (INR Cr) | 638 | 577 | 436 | 465 | 448 | 238 | 266 | 251 | 304 | 367 | 337 | 288 | 9 | 7 | 3 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 9.5% | 11.3% | 6.6% | 5.3% | 2.3% | 5.5% | 5.8% | 5.4% | 3.7% | 3.5% | 3.3% | 5.3% | 7.4% | 9.3% | 8.4% | 7.4% |
| Profit As % Of Assets | 13.8% | 18.9% | 12.0% | 7.6% | 3.5% | 10.2% | 9.9% | 8.5% | 5.9% | 5.5% | 5.6% | 8.2% | 18.6% | 25.7% | 21.8% | 20.4% |
| Profit As % Of Networth | 19.4% | 27.0% | 17.3% | 11.8% | 5.5% | 13.4% | 13.8% | 12.2% | 9.3% | 9.8% | 9.8% | 13.9% | 19.0% | 26.3% | 22.0% | 20.4% |
| Interest Cost to EBITDA % | 6.9% | 5.5% | 5.1% | 6.9% | 12.5% | 5.7% | 4.2% | 6.6% | 11.4% | 19.0% | 11.5% | 6.7% | 2.3% | 1.4% | 1.3% | 2.3% |
| Debt to Equity Ratio | 0.40 | 0.42 | 0.42 | 0.53 | 0.58 | 0.31 | 0.39 | 0.41 | 0.56 | 0.74 | 0.73 | 0.66 | 0.02 | 0.02 | 0.01 | - |
| RONW | 20.9% | 23.8% | 18.8% | 12.5% | 5.5% | 14.1% | 14.7% | 12.8% | 9.8% | 6.7% | 10.2% | 14.5% | 20.5% | 29.6% | 25.0% | 22.1% |
| ROCE | 22.4% | 24.2% | 19.6% | 13.0% | 7.7% | 15.6% | 15.7% | 12.7% | 10.3% | 7.4% | 10.8% | 17.5% | 30.1% | 45.2% | 41.3% | 36.8% |