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Elgi Equipments Ltd share price today (on 3 December 2023).

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BSE: 522074 | NSE: ELGIEQUIP | ISIN: INE285A01027 Market Cap: [Rs.Cr.] 1,236 | Face Value: [Rs.] 1 Industry: Compressors / Drilling Equipment

Incorporated in 1960 as a private limited company, Elgi Equipments was converted into a public limited company in 1975 and came out with a public issue of 75,000 shares. It was promoted by L G Balakrishnan, his brothers and associates. Hailing from the Elgi stable, EEL manufactures reciprocating, borewell and screw compressors. It also makes and sells garage equipment, mobile utility systems, bottling equipment and automobile accessories such as power brakes, pneumatic horns and wipers. It has two manufacturing units at Coimbatore. As part of its modernisation plans, the company invested Rs. 40 crores in the upgradation and expansion of the manufacturing facilities, especially of compressors. The company was initially manufacturing garage equipment like low-range reciprocating compressors, car-washing machines and hydraulic lifts, with technical know-how from Pumpen Fabrik Urach, Germany. Later, in technical collaboration with Landwehr, Germany, the company started manufacturing lubricating equipment.
LGI Equipments Limited manufactures air compressors and automobile service station equipment in India. Its products include rotary screw air compressors, such as electric and diesel powered screw air compressors, airends, oil-free screw air compressors, centrifugal air compressors, and portable screw air compressors; reciprocating air compressors comprising single and two stage reciprocating compressors, borewell compressors, ELGIPET air power systems, high pressure/volume reciprocating air compressors
During 2003-04, the company included three new products namely, Vayu Series Borewell Compressors, 3.5KVA Genset and Electronic Tyre Inflator. In the year 2004-05, the company commissioned its first Four Centrifugal Compressor and Tank Mounted Screw Compressor. The company has obtained the technology for the manufacture of pasteurising plants from Gobel, Germany; screw compressors from Sullair Corporation, the US; bottle-washing machines from Krones, Germany; and automatic vehicle- washing machines from Ceccato, Italy. To strengthen its technologies, the company has tied up with City University, London, and hired consultants to help improve its products and processes. In 1999-2000, a branch office was established in SriLanka to explore the Sri Lankan market. During 2004-05, the company entered the petrol or kerosine engine business through an association with Robinson of Japan via their associates in Sri Lanka. In Aug. 2000, Elgi Equipments has entered into technical collaborations with Hitachi to produce Oil Free Air Compressors in India. It has also tied up with Samsung Techwin Co Ltd, an affiliate of the Samsung group, to bring to India their centrifugal compressor - Turbo Master.
To upgrade automotive equipment and also to manufacture Compressors with higher capacities and pressures the company has launched a joint technology upgradation plan with City University UK. During 2002-03 the total capital expenditure incurred wereRs. 78.12 million and the captial expenditure were funded by way of internal accruals. In the year 2004, the company has entered into a Collaborative Venture with JP Sauer & Sohn, Germany to envisage the manufacturing of compressor required for Battle ships. The company made an arrangement with Mahindra & Mahindra for supplying the engines for their gensets in 2004-05. During 2004-05, the plan to merge its wholly owned subsidiary viz Adisons Precision Instruments Manufacturing Ltd with the company is on progress.
According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues increased with 5.83%, from INR 952.41 tens of millions to INR 1,007.93 tens of millions. Operating result decreased from INR 144.15 tens of millions to INR 108.61 tens of millions which means -24.65% change. The results of the period decreased -19.37% reaching INR 75.57 tens of millions at the end of the period against INR 93.73 tens of millions last year. Return on equity (Net income/Total equity) went from 27.70% to 19.01%, the Return On Asset (Net income / Total Asset) went from 27.06% to 12.08% and the Net Profit Margin (Net Income/Net Sales) went from 9.84% to 7.50% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 157.32% compared to 102.38% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.75 to 2.07 when compared to the previous year.
Elgi was established in 1960 as a service station equipment and reciprocating compressor manufacturing company. Over the years ELGI has become a multi-product, multi-market company manufacturing technically superior products.The ELGI product lines today, broadly comprise, Rotary Compressors, Reciprocating Compressors Centrifugal Compressors, Automotive Equipment, Diesel Engines and Manufacturing and engineering services.ELGI has two manufacturing locations in Coimbatore, India, with 22 acres of land and 352,000 sq ft of built up factory area.With a vast network of sales & service outlets manned by well-trained, highly qualified and motivated engineers and marketers, ELGI aims to conquer the domestic market and be a meaningful global player in its core products.
ELGI endeavors to continuously improve processes, products and technology, with the objective of serving people better. This in turn has made ELGI the undisputed leader in the products it manufactures with a strong reputation for quality and service.

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