Risk factor
Low price volatility
Profitability factor
Very strong margins and returns
About
Elgi Equipments Limited manufactures and sells air compressors and related parts in India and internationally. It operates through two segments, Air Compressors and Automotive Equipments. The company offers oil lubricated screw and piston air compressors; oil free piston and screw air compressors; rotary and reciprocating air compressors; diesel and electric powered portable air compressors; railway air compressors; heat recovery systems; and medical air compressors, as well as air accessories. It is also involved in the trading of air compressors, 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. The company serves manufacturing, textile, pharmaceutical, agriculture, mining, healthcare, automotive, and construction industries. Elgi Equipments Limited was incorporated in 1960 and is based in Coimbatore, India.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'expensive' compared to its peers. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBITDA,
Target Price
The average target price of ELGIEQUIP.NS is 619 and suggests 7% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommend