Financials Elgi Equipments Limited

Equities

ELGIEQUIP

INE285A01027

Industrial Machinery & Equipment

Market Closed - NSE India S.E. 07:43:51 2024-05-06 am EDT 5-day change 1st Jan Change
664.4 INR +1.23% Intraday chart for Elgi Equipments Limited +2.14% +22.01%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 38,901 17,742 60,407 88,425 138,590 210,237 - -
Enterprise Value (EV) 1 39,605 17,742 61,052 89,356 140,167 206,081 203,626 200,712
P/E ratio 37.7 x 41.7 x 58.9 x 49.6 x 37.4 x 63.3 x 53.6 x 46.1 x
Yield 0.53% 1.47% 0.42% 0.41% 0.46% 0.41% 0.5% 0.6%
Capitalization / Revenue 2.09 x 0.97 x 3.14 x 3.5 x 4.56 x 6.45 x 5.69 x 4.99 x
EV / Revenue 2.13 x 0.97 x 3.17 x 3.54 x 4.61 x 6.32 x 5.51 x 4.76 x
EV / EBITDA 20.7 x 11.9 x 28.3 x 30.4 x 32.4 x 41.3 x 34.6 x 30.3 x
EV / FCF 33.7 x -79.6 x 29.2 x 318 x 145 x 65.7 x 84.3 x 67.6 x
FCF Yield 2.97% -1.26% 3.42% 0.31% 0.69% 1.52% 1.19% 1.48%
Price to Book 5.04 x 2.31 x - 8.57 x 10.1 x 12.8 x 11.2 x 8.95 x
Nbr of stocks (in thousands) 316,909 316,681 316,681 316,311 316,307 316,432 - -
Reference price 2 122.8 56.02 190.8 279.6 438.2 664.4 664.4 664.4
Announcement Date 5/27/19 6/29/20 5/21/21 5/13/22 5/19/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,635 18,294 19,240 25,247 30,407 32,611 36,971 42,144
EBITDA 1 1,918 1,491 2,157 2,937 4,328 4,996 5,881 6,618
EBIT 1 1,406 838.7 1,413 2,192 3,551 4,130 4,446 5,148
Operating Margin 7.55% 4.58% 7.34% 8.68% 11.68% 12.66% 12.03% 12.21%
Earnings before Tax (EBT) 1 1,413 683.2 1,513 2,630 5,104 4,532 5,329 6,239
Net income 1 1,031 425.7 1,025 1,784 3,708 3,324 3,932 4,567
Net margin 5.53% 2.33% 5.33% 7.07% 12.19% 10.19% 10.63% 10.84%
EPS 2 3.255 1.345 3.240 5.640 11.71 10.50 12.39 14.40
Free Cash Flow 1 1,175 -222.8 2,089 281 969.1 3,136 2,414 2,969
FCF margin 6.31% -1.22% 10.86% 1.11% 3.19% 9.62% 6.53% 7.05%
FCF Conversion (EBITDA) 61.28% - 96.85% 9.57% 22.39% 62.78% 41.05% 44.87%
FCF Conversion (Net income) 114.01% - 203.81% 15.75% 26.14% 94.34% 61.41% 65.02%
Dividend per Share 2 0.6500 0.8250 0.8000 1.150 2.000 2.700 3.350 4.000
Announcement Date 5/27/19 6/29/20 5/21/21 5/13/22 5/19/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 5,471 6,106 4,894 6,520 6,556 7,276 6,938 7,387 7,724 8,357 7,239 8,048 8,537 9,202
EBITDA 1 614.7 791.8 321.3 801.6 739 1,070 781.4 1,126 1,146 1,274 886.4 1,152 1,395 1,443
EBIT - - - - - - - 930 948.9 1,079 - - 1,021 1,090
Operating Margin - - - - - - - 12.59% 12.28% 12.91% - - 11.96% 11.85%
Earnings before Tax (EBT) 459.2 621.6 225.9 763.8 639.4 996.6 682.4 1,025 1,064 2,306 - 1,054 1,313 1,302
Net income 346.1 433.6 120.2 516.2 417.3 730.6 486.8 719.6 800.6 1,701 - 765.8 959.6 1,044
Net margin 6.33% 7.1% 2.46% 7.92% 6.37% 10.04% 7.02% 9.74% 10.36% 20.35% - 9.52% 11.24% 11.35%
EPS 1.090 1.370 0.3800 1.630 1.320 2.310 1.540 2.270 2.530 5.370 - 2.420 3.010 3.050
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/8/21 5/21/21 8/3/21 11/8/21 2/10/22 5/13/22 8/12/22 11/4/22 2/3/23 5/19/23 8/11/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 705 - 645 932 1,577 - - -
Net Cash position 1 - - - - - 4,156 6,611 9,525
Leverage (Debt/EBITDA) 0.3675 x - 0.299 x 0.3172 x 0.3644 x - - -
Free Cash Flow 1 1,175 -223 2,089 281 969 3,136 2,414 2,969
ROE (net income / shareholders' equity) 14.1% 5.53% 12.5% 18.8% 24.5% 22.2% 21.6% 21.2%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 24.30 24.30 - 32.60 43.30 51.90 59.20 74.20
Cash Flow per Share - - - - - - - -
Capex 1 544 439 312 405 690 612 1,050 1,176
Capex / Sales 2.92% 2.4% 1.62% 1.6% 2.27% 1.88% 2.84% 2.79%
Announcement Date 5/27/19 6/29/20 5/21/21 5/13/22 5/19/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
664.4 INR
Average target price
550 INR
Spread / Average Target
-17.22%
Consensus
  1. Stock Market
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  3. ELGIEQUIP Stock
  4. Financials Elgi Equipments Limited
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