Elgi Equipments share price today

Elgi Equipments Ltd's share price was ₹562.05 at the close on 4 November 2026. It has been rising for 28 weeks. That is 0.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹425 and ₹642, and at that close it sat 63% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Elgi Equipments Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +808% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 7 quarters in a row, indian funds and insurers (DIIs) raised their stake for 6 quarters in a row and revenue up on a year earlier for 12 quarters in a row (every quarter we can compare).

1. Foreign funds (FIIs) cut their stake for 7 quarters in a row

   From 29.4% to 20.2% of the company by the September 2026 quarter.

2. Indian funds and insurers (DIIs) raised their stake for 6 quarters in a row

   From 5% to 11.5% of the company by the September 2026 quarter.

3. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹1,062 crore, +22.5% on a year earlier.

   Why: Revenue rose because the company sold more in India and North America, while Australia and Southeast Asia stayed weak.

   From the earnings call on 14 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Elgi Equipments reported revenue of ₹1,062 crore, up 22.5% from ₹867 crore a year earlier, and a profit of ₹103 crore, up 19.8% from ₹86.0 crore.

Elgi Equipments results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Elgi Equipments' management discussed these results on a call held on 14 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Elgi Equipments closed at ₹562.05 on 4 November 2026, up 17.3% from ₹479.15 a year earlier (7 November 2025) and up 180.0% over five years. Its highest weekly close since February 2016 was ₹737.85 on 5 July 2024.

Elgi Equipments share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

565 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: Elgi Equipments closed at ₹562.05, up 10.4% on the week and down 3.9% on the month. 14 Aug 2026: Elgi Equipments held its results call for April to June 2026. Management guided: Price and cost actions addressed the 9% raw-material cost scenario; benefits expected toward end-Q2 and more fully in Q3, supporting margin improvement.

Earlier

• 17 Jul 2026: ex-date for a dividend of ₹2.70 a share.
• Results for April to June 2026: Revenue up 22.5% and profit up 19.8% on a year earlier.

Elgi Equipments paid ₹2.70 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.48% at the ₹562.05 close on 4 November 2026. The last was a dividend of ₹2.70 a share, ex-date 17 July 2026.

Elgi Equipments dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Elgi Equipments Ltd paid out 20% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 14 August 2026, Elgi Equipments' management guided: Price and cost actions addressed the 9% raw-material cost scenario; benefits expected toward end-Q2 and more fully in Q3, supporting margin improvement.

“Our products have been validated. In fact, we have already received our first orders. The formal launch is scheduled for this month in Coimbatore, at one of the exhibitions we are going to hold.”Jairam Varadaraj, Managing Director, on the call for April to June 2026

What management guided

• 18% operating margin goal by 31, supported by operating leverage, gross-margin reengineering and fixed-cost rationalization over 3-4 years.
• Reorganization in Australia, Europe and the US to continue during the year; benefits expected shortly, with Australia back to intended performance by Q3-Q4.
• Europe to remain at breakeven, with Germany and Eastern Europe expansion plus tighter cost control.
• Tier 4 formal launch in September; initial-year top-line contribution expected to be marginal, with a strong player position over subsequent years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 14 August 2026.

What is changing at Elgi Equipments, from the latest results and calls: demand match adoption, tier 4 low-cost compressor launch and aftermarket expansion.

• Demand Match adoption. Demand Match is reaching new Indian customers and is planned for global rollout. ⚠ estimate
• Tier 4 low-cost compressor launch. Validated products, initial orders and a scheduled formal launch create a measurable route into the lower-price segment. ⚠ estimate
• Aftermarket expansion. Parts contribute a larger share of Indian revenue than global revenue, leaving an installed-base opportunity outside India. ⚠ estimate
• Price and cost recovery. Management expects price corrections and cost actions to support margin improvement after raw-material pressure. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 22 August 2026.

Customer validation does not translate into repeat orders or distributor uptake.

Each change stops working if

• Demand Match adoption: Customer validation does not translate into repeat orders or distributor uptake.
• Tier 4 low-cost compressor launch: The launch occurs without distributor adoption or repeat orders.
• Aftermarket expansion: Equipment sales fail to build the installed base or distributor service economics weaken.
• Price and cost recovery: Raw-material inflation or tariffs outpace realized price corrections.

The main risks

• Raw-material and tariff pass-through: The latest call disclosed a larger material-cost scenario than the prior call. ✓ fact
• Europe remains a breakeven repair case: Europe is now described as a business that must maintain breakeven rather than deliver the earlier profitability framing. ✓ fact
• North American distribution execution: Management now says distribution is underperforming because of service issues. ✓ fact
• Inventory and working-capital absorption: Cash generation is positive, but inventory remains the main working-capital absorber and distribution optimization is unfinished. ✓ fact

Our read after the latest results, written 22 August 2026.

When Elgi Equipments reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Price corrections to flow through - check contribution-margin recovery without renewed raw-material, tariff or mix pressure.

Elgi Equipments is on one of our India lists: Small & mid cap stocks.

Elgi Equipments Ltd earned ₹103 Cr of net profit in the Jun 2026 quarter, +19.8% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹430 Cr. Over 10 years profit has grown 23.8% a year on average. That is 9.7% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹86.0 Cr.

For the full year, FY26 profit was ₹430 Cr (+22.9% on the year before).

Why profit moved: revenue changed +22.5% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +22.5% and revenue +16.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Elgi Equipments Ltd reported ₹1,062 Cr of revenue in the Jun 2026 quarter, +22.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 10.9% a year on average. The last full year, FY26, came in at ₹3,951 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The Operating Leverage Catapult is limited here because raw materials and tariffs can move with volume. The latest quarter must show contribution-margin recovery rather than rely on management intent.

The last four reported quarters add to ₹4,146 Cr.

FY26 revenue was ₹3,951 Cr, +12.6% on the year before.

Recent pace: the last four quarters grew +16.1% on average, against 10.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +15.9%, against +12.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +22.8%, against +17.5% a year (accelerating).

Elgi Equipments Ltd's operating margin was 15.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 7.0% and 15.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Parts were cited as a lower share of global revenue than in India. That gap can lift mix as the global installed base matures, but the call does not quantify the profit impact.

Why the margin moved: operating margin changed +0.6 percentage points on the year while gross margin changed −2.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 103% of Elgi Equipments Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹454 Cr of operating cash against ₹430 Cr of profit. After ₹276 Cr of spending on assets, ₹178 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 103% of profit came in as cash: the cash cycle got 19 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.0× depreciation over three years. The next section checks what that spending is building.

Elgi Equipments Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 114 days in FY26, up from 95 days in FY21. It spent ₹484 Cr on assets over the last 3 years. Customers take 67 days to pay, and stock sits for 134 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,951 Cr, each day of that cycle ties up about ₹10.8 Cr, so roughly ₹1,234 Cr is tied up in the business at any time.

FY26: customers took 67 days to pay and stock sat for 134 days, about 4.4 months of sales sitting as stock, for a full cycle of 114 days, longer than FY21's 95.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 134 days. Customers pay about 67 days after that. Suppliers are paid at 87 days. Together that makes the 114-day cycle.

Spending on assets: ₹484 Cr over the last 3 years, against ₹239 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹136 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Elgi Equipments Ltd's P/E is 38.4×, near the low end of its own history: it has been lower only 8% of the time. Its usual P/E (the middle reading) is 47.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹14.13.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.