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Elgi Equipments Ltd.
Share Price Target & Analysis

NSE:ELGIEQUIP

633.41

VWAP

629.70

Open

624.25

Close

639.90

High

625.00

Low

714.20

52 Week High

636.30 ⇧
9.05 (1.44%)

ELGIEQUIP

(INDUSTRIAL MANUFACTURING)
69% Momentum

Sideways to Positive

463.00

52 Week Low

9.79

EPS

70.85

PE

16.53

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: ELGIEQUIP Share Price Financial Analysis & Valuation

Elgi Equipments Ltd. (ELGIEQUIP) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Compressors vertical. It is one of Mid Cap company with Market Capitalization of Rs 10097.6 (in Cr). Total number of free float shares are 15.8 (in Lacs). Elgi Equipments Ltd. is listed on NSE with Exchange ID - INE285A01027 and trading code is NSE:ELGIEQUIP with short name Elgi Equipments.

In the past 1 year, Elgi Equipments Ltd. has declared an equity dividend of Rs 2 per share. At the current share price of ELGIEQUIP at Rs 636.30, this results in a dividend yield of 0.31 %.

As per the Fundamental Analysis of NSE:ELGIEQUIP, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine ELGIEQUIP underlying value and future prospects. All of this data is available in ELGIEQUIP financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:ELGIEQUIP, it is clearly understood that ELGIEQUIP is Economical performer in terms of earnings and profit margins with an EPS of 9.79. NSE:ELGIEQUIP book value per share as of today is 38.50. The current price to book ratio for ELGIEQUIP as of May 18, 2024 is 16.53.

Valuation of the Stock: The current valuation of ELGIEQUIP stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of ELGIEQUIP whether to BUY this stock at current valuation. The delivery percentage of ELGIEQUIP is 15.52% is very crucial parameter which shows that 15.52% investors are anticipating that the price of ELGIEQUIP share should go up with VWAP at 633.41.

Now, the main question is whether to BUY or SELL, NSE:ELGIEQUIP at current valuation.
As per latest Analysis No. #1543:-

⇑ STRONG BUY ELGIEQUIP if All Greens

⇗ BUY ELGIEQUIP (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD ELGIEQUIP (With Stop Loss) if only 1 Green

⇘ SELL ELGIEQUIP if NO Green Indicator

NSE: ELGIEQUIP Share Price Today (May 18, 2024)

(Elgi Equipments Ltd. Daily Analysis on the basis of ELGIEQUIP Intraday Graph & Trend)

Elgi Equipments Ltd. share price moved Up by 1.44% from its previous close of Rs 624.25. ELGIEQUIP stock last traded price is 636.30. ELGIEQUIP share price trend is Up with a total of 29019 stocks traded till now. It has touched an intraday high of Rs 639.90 and an intraday low of Rs 625.00. The ELGIEQUIP trading at 636.30, Up by Rs. 9.05, or 1.44 percent which suggests that most of the Traders are anticipating that the price of ELGIEQUIP share should go Up.

NSE: ELGIEQUIP Share Price Tomorrow Prediction

(Elgi Equipments Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of ELGIEQUIP)

Elgi Equipments Ltd. share price moved Up by 1.44%. ELGIEQUIP share price short term trend is Up. It suggests that ELGIEQUIP Share Price for Tomorrow remains the same with VWAP at 633.41 will be treated as stop loss for intraday traders. Elgi Equipments Ltd. Long term investors can follow the ELGIEQUIP long term trend as mentiond in future forecast table.

NSE Code

NSE: ELGIEQUIP

ELGIEQUIP Share Price Today

 636.30

ELGIEQUIP Share Price Target Prediction for 2024 ^

 565.7 - 717.7

ELGIEQUIP Share Price Target Prediction for 2025*^

 717.7 - 764.6

ELGIEQUIP Share Price Target Prediction for 2026*^

 764.6 - 818.1

ELGIEQUIP Share Price Target Prediction for 2027*^

 859

ELGIEQUIP Share Price Target Prediction for 2028*^

 884

ELGIEQUIP Share Price Target Prediction for 2030*^

 963
ELGIEQUIP Current Book Value 2023
38.3

*Elgi Equipments Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^ELGIEQUIP share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

ELGIEQUIP Technical Analysis

Candlestick Pattern: @620.1

ELGIEQUIP Moving Averages

BUY (4) NEUTRAL (0) SELL (10)
MA Simple Action S1 Expo Action E2
MA_5 625.4 SELL 626.85 SELL
MA_12 642.24 SELL 633.48 SELL
MA_20 635.35 SELL 633.69 SELL
MA_32 625.91 SELL 631.93 SELL
MA_50 634.8 SELL 627.82 SELL
MA_100 618.25 BUY 612.63 BUY
MA_200 558.04 BUY 573.71 BUY

ELGIEQUIP Trend Oscillators

BUY (1) NEUTRAL (1) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 635.35 Downtrend
MACD -3.3 SELL
ADX 13.41 NO or Weak Trend
DMI (+/-) 16.62 / 16.37 Uptrend

ELGIEQUIP Momentum Oscillators

BUY (0) NEUTRAL (4) SELL (8)
Momentum Oscillators Value Action
RSI 44.16 Neutral
STOCHASTIC_K (Fast) 8.46 Oversold
STOCHASTIC_D (Slow) 13.04 Oversold
CCI -101.11 SELL
PSAR 669.59 SELL
TRUE RANGE 9.6 SELL
ATR 21.85 Neutral
WILLIAMS R -78.98 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 0 Oversold
MOMENTUM -20.35 SELL

ELGIEQUIP Last 1 Year Trend

Duration Value
1 Year 39.35%
3 Months -4.48%
1 Month -3.18%
1 Week -3.85%

ELGIEQUIP Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 17%
NEUTRAL / HOLD 17%
SELL 67%

Most popular Questions & Answers about ELGIEQUIP


Elgi Equipments Ltd. stock last traded price is 636.30. ELGIEQUIP share price moved Up by 1.44% from its previous close of Rs 624.25.

Elgi Equipments Ltd. share price trend is Up with a total of 29019 stocks traded till now. It has touched an intraday high of Rs 721.342 and an intraday low of Rs 625.00. The ELGIEQUIP trading at 636.30, Up by Rs. 9.05, or 1.44 percent which suggests that most of the Traders are anticipating that the price of ELGIEQUIP share should go Up and the Stop Loss will be around 633.41.

The market cap of Elgi Equipments Ltd. is ₹10097.6 (in Cr) as of May 17, 2024.

The current price to earning ratio for Elgi Equipments Ltd. as of May 17, 2024 is 70.85.

The current price to book ratio for Elgi Equipments Ltd. as of May 17, 2024 is 16.53.

The highest price of Elgi Equipments Ltd. stock is ₹714.20 in the last 52-week.

The lowest price of Elgi Equipments Ltd. stock is ₹463.00 in the last 52-week.

Elgi Equipments Ltd. share trading at ₹636.30, Up by Rs. 9.05, or 1.44 percent which suggests that most of the traders are anticipating that the price of ELGIEQUIP share should go Up.

In 2023, Stock price target for Elgi Equipments Ltd. (ELGIEQUIP) are ₹565.7 on downside and ₹717.7 on upside. Elgi Equipments Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Elgi Equipments Ltd. (ELGIEQUIP) are ₹717.7 on downside and ₹764.6 on upside. Elgi Equipments Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Elgi Equipments Ltd. (ELGIEQUIP) are ₹764.6 on downside and ₹818.1 on upside. Elgi Equipments Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Elgi Equipments Ltd. (ELGIEQUIP) will be around ₹884 Elgi Equipments Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of ELGIEQUIP.

As per the fundamental analysis of Elgi Equipments Ltd. (ELGIEQUIP), it is of Economical quality in terms of earnings and profit margins with an EPS of 9.79. Elgi Equipments Ltd. book value per share as of today is 38.50. The current price to book ratio for ELGIEQUIP as of May 18, 2024 is 16.53.


NSE:ELGIEQUIP News & Other Useful Information about ELGIEQUIP Share Price


Peer Comparison of NSE: ELGIEQUIP

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Compressors

Company Price EPS BV
ELGIEQUIP 636.30 9.79 38.5
INGERRAND 4750.10 71.47 183.11
REVATHI 1192.90 0 340.55
Updated at: 17 May 2024 15:40

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