Company Profile

ELGI EQUIPMENTS LTD.

NSE : ELGIEQUIPBSE : 522074ISIN CODE : INE285A01027Industry : Compressors / PumpsHouse : Elgi
BSE148.755.15 (+3.59 % )
PREV CLOSE (Rs.) 143.60
OPEN PRICE (Rs.) 146.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 21262
TODAY'S LOW / HIGH (Rs.)143.20 153.50
52 WK LOW / HIGH (Rs.)102.25 309.6
NSE148.80 5.45 (+3.8 % )
PREV CLOSE(Rs.) 143.35
OPEN PRICE (Rs.) 143.60
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 148.80 (40 )
VOLUME 210302
TODAY'S LOW / HIGH(Rs.) 143.25 153.70
52 WK LOW / HIGH (Rs.)101.2 308

Company News

Date Heading Details
01-Jun-2020 Elgi Equipments submits disclosures on material impact of covid-19 pandemic <p align="justify">Elgi Equipments has informed that the Company had earlier notified the fact of closure the Company's factories owing to Covid 19 Central &amp; Tamil Nadu State Government's directives from 24th March, 2020 till further notice, and thereafter on 11th May, 2020 intimated about resumption of operations in the factories on a staggered basis, based on the eligibility guidelines issued by the Industries Department, Government of Tamil Nadu. Pursuant to Regulation 30 of SEBI (Listing Obligations &amp; Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/84 dated May 20, 2020, the Company enclosed herewith in Annexure - A, containing further disclosures on the material impact of CoVID-19 pandemic on the operations and performance of the Company.<p align="justify">The above information is a part of company's filings submitted to BSE.<p align="justify">&nbsp;</p>
12-May-2020 IOC, Bharti Airtel and Ind-Swift Laboratories to see some action today <p align="justify"><strong>Indian Oil Corporation</strong> (IOC) has raised operating levels at its refineries to about 60 percent after fuel demand showed a gradual pick up on easing of lockdown restrictions. The company plans to scale up refinery operations to 80 percent of design capacity by the end of the month. </p><p align="justify"><strong>Bharti Airtel</strong> has selected IT companies IBM and Red Hat to build its new network cloud to support 5G operations and applications around emerging technologies on its network. Under the agreement, Airtel will build its next generation core network, analytical tools and new consumer and enterprise services on top of this cloud platform based on open standards.</p><p align="justify"><strong>Ind-Swift Laboratories</strong> has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA), for the Surveillance GMP inspection of its API manufacturing facility located at Derabassi, Punjab. The USFDA inspection was conducted from March 9, 2020 to March 13, 2020. The EIR has been issued without any Form 483 observations. This is the sixth successful USFDA inspection completed by the company. The company supplies 15 APIs to its customers based in U.S. </p><p align="justify"><strong>Seamec's</strong> subject Vessel 'Seamec Princess' has been contracted with L&amp;T Hydrocarbon Engineering for working at Mumbai High Offshore. The tenure of the contract is for a firm period of 20 days with option for extension. The contract has commenced from May 11, 2020. The aggregate value of contract is about Rs 80, 731, 500 exclusive of GST.</p><p align="justify"><strong>Tata Chemicals</strong> has resumed the operations at its manufacturing facilities located at Mambattu-Nellore (Andhra Pradesh), Sriperumbudur (Tamil Nadu) and Cuddalore (Tamil Nadu). While resuming operations, the company is ensuring compliance with the directives issued by the authorities in this regard and is continuing to take various measures to ensure the safety and well-being of all its employees and stakeholders. The company's operations at Mithapur (Gujarat) continues to operate at maximum capacity for Tata Salt and sodium bicarbonate which are essential inputs for food and pharma products and at the levels to match market demand for the production of soda ash and cement.</p><p align="justify"><strong>Ashok Leyland</strong> is planning to raise funds through the issuance of secured, rated, listed, redeemable Non Convertible Debentures (NCDs) aggregating to Rs 300 crore with a green-shoe option of Rs 200 crore on private placement basis, in one or more tranches/series. A meeting of the Fund Raising Committee of the Board of Directors is proposed to be held on May 14, 2020 to consider the same. </p><p align="justify"><strong>Elgi Equipments'</strong> wholly-owned subsidiary (WoS) -- Elgi Compressors USA Inc, has formed a Joint Venture (JV) Company along with Bryan Becker, Managing Partner of the LLC on March 19, 2020. However, the intimation has come from USA to the Company only on May 01, 2010, due to the COVID - 19 lockdown prevailing in USA &amp; India. Elgi Compressors USA Inc, is yet to invest in the Joint Venture.<br></p>
11-May-2020 Elgi Equipments' WoS forms JV with Bryan Becker <div align="justify">Elgi Equipments' wholly-owned subsidiary (WoS) -- Elgi Compressors USA Inc, has formed a Joint Venture (JV) Company along with Bryan Becker, Managing Partner of the LLC on March 19, 2020. However, the intimation has come from USA to the Company only on May 01, 2010, due to the COVID - 19 lockdown prevailing in USA &amp; India. Elgi Compressors USA Inc, is yet to invest in the Joint Venture.<br><br></div><div align="justify">Elgi Equipments is a holding company and an air compressor manufacturer. The company's segments include Compressors, Automotive Equipments and Others.<br><br></div>
25-Mar-2020 Fortress Advisors LLP buys 15 lakh equity shares of Elgi Equipments <div align="justify">Fortress Advisors LLP has bought 15 lakh equity shares of Elgi Equipments at Rs 121.30 per equity share on March 24, 2020 on the BSE. On the other hand, Prescient Wealth Management has sold around 15 lakh equity shares of the company at Rs 121.30 per equity share on the BSE, on the same day.<br><br>Elgi Equipments is a holding company and an air compressor manufacturer. The company's segments include Compressors, Automotive Equipments and Others.<br><br></div>
25-Mar-2020 Elgi Equipments informs about announcement regarding COVID-19 <p align="justify">Elgi Equipments has informed that, pursuant to Regulation 30 of the SEBI (Listing obligations and Disclosures Requirements) and in light of the unprecedented situation owing to the spread of COVID-19, keeping in mind the Government Advisories, the wellbeing and safety of the employees (including casuals, temporary and contract), it has been decided to close all the facilities of the Company-Registered Office, Factories- Air Compressor Plant, Foundry, PVD division, Motor division and the Company's subsidiary ATS Elgi and Joint Venture ELGI Sauer Compressors with effect from Tuesday, March 24, 2020 until further notice.</p><p align="justify">The above information is a part of company's filings submitted to BSE.</p>
25-Mar-2020 Elgi Equipments jumps as Fortress Advisors LLP buys 15 lakh equity shares of the company <div align="justify">Elgi Equipments is currently trading at Rs. 120.00, up by 3.65 points or 3.14% from its previous closing of Rs. 116.35 on the BSE.<br><br>The scrip opened at Rs. 123.00 and has touched a high and low of Rs. 123.00 and Rs. 115.00 respectively. So far 750542 shares were traded on the counter.<br><br>The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 309.60 on 01-Oct-2019 and a 52 week low of Rs. 106.10 on 24-Mar-2020.<br><br>Last one week high and low of the scrip stood at Rs. 165.00 and Rs. 106.10 respectively. The current market cap of the company is Rs. 1901.45 crore.<br><br>The promoters holding in the company stood at 31.90%, while Institutions and Non-Institutions held 30.25% and 37.85% respectively.<br><br>Fortress Advisors LLP has bought 15 lakh equity shares of Elgi Equipments at Rs 121.30 per equity share on March 24, 2020 on the BSE. On the other hand, Prescient Wealth Management has sold around 15 lakh equity shares of the company at Rs 121.30 per equity share on the BSE, on the same day.<br><br>Elgi Equipments is a holding company and an air compressor manufacturer. The company's segments include Compressors, Automotive Equipments and Others.<br><br></div>
06-Mar-2020 Elgi equipments informs about outcome of board meeting <P align=justify>Elgi equipments has informed that the Board of Directors at their Meeting held on 6th March, 2020 declared an Interim Dividend of Rs 1.65 per equity share of Rs 1 each (165%) for the Financial Year 2019-20 which shall be paid through National Electronic Clearing System (NECS) or by dividend warrant, as the case may be. The record date to determine the eligibility for payment of the interim dividend is fixed as Wednesday, 18th March, 2020 and the interim dividend will be paid on or before 26th March, 2020. The company has further informed that the meeting of the Board of Directors approving the above commenced at 10.30 AM and concluded at 11.00 AM on 6th March, 2020.<P align=justify>The above information is a part of company's filings submitted to BSE.
25-Feb-2020 Elgi Equipments informs about loss share certificate <p align="justify">With reference to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirement) Regulations-2015, Elgi Equipments has informed about issue of duplicate Share Certificates for 16 Shares under Reference to Entry in ROM No. TN1069 to TN1070 on 24/02/2020 as per the details attached.<p align="justify">The above information&nbsp; is a part of company's filings submitted to BSE.<p align="justify"></p>
08-Feb-2020 Elgi Equipments informs about board meeting <p align="justify">Elgi Equipments has informed about board meeting.</p><p align="justify">The above information is a part of company's filings submitted to BSE.<br></p>
30-Jan-2020 NABL gives accreditation to Metrology Department of ELGi Equipments <p align="justify">National Accreditation Board for Testing and Calibration Laboratories (NABL) has given accreditation to the Metrology Department of ELGi Equipments. The department plays a crucial role in ensuring enhanced reliability and performance consistency across ELGi's product portfolio of 400-plus compressed air systems.<br></p><p align="justify">This, in line with ELGi's focus on high quality, customer centric compressed air solutions and department, at the state-of-the-art manufacturing unit has been accredited by NABL in the field of mechanical dimension, pressure and torque.</p><p align="justify">Elgi Equipments is a holding company and an air compressor manufacturer. The company's segments include Compressors, Automotive Equipments and Others.<br></p>