Company Profile

ELGI EQUIPMENTS LTD.

NSE : ELGIEQUIPBSE : 522074ISIN CODE : INE285A01027Industry : Compressors / PumpsHouse : Elgi
BSE205.30-8.7 (-4.07 % )
PREV CLOSE (Rs.) 214.00
OPEN PRICE (Rs.) 214.35
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 58904
TODAY'S LOW / HIGH (Rs.)198.40 218.15
52 WK LOW / HIGH (Rs.)103.4 244
NSE208.50 -5.45 (-2.55 % )
PREV CLOSE(Rs.) 213.95
OPEN PRICE (Rs.) 215.50
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 208.50 (455 )
VOLUME 270591
TODAY'S LOW / HIGH(Rs.) 206.55 218.00
52 WK LOW / HIGH (Rs.)101.3 243

Company News

Date Heading Details
21-Sep-2021 Elgi Equipments shines on forming wholly owned subsidiary company <p align="justify">Elgi Equipments is currently trading at Rs. 207.35, up by 4.85 points or 2.40% from its previous closing of Rs. 202.50 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 199.20 and has touched a high and low of Rs. 208.90 and Rs. 199.20 respectively. So far 14125 shares were traded on the counter.<br></p><p align="justify">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 244.00 on 20-Apr-2021 and a 52 week low of Rs. 103.40 on 27-Oct-2020.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 217.55 and Rs. 198.25 respectively. The current market cap of the company is Rs. 6485.54 crore.<br></p><p align="justify">The promoters holding in the company stood at 31.91%, while Institutions and Non-Institutions held 32.26% and 35.83% respectively.</p><p align="justify">Elgi Equipments has formed a wholly owned subsidiary company in the name ‘Elgi Compressors (M) SDN. BHD.' in Malaysia, and invested an amount of 10,00,000 Malaysian ringgit in the share capital of Elgi Compressors (M) SDN. BHD on September 17, 2021. The company is incorporated to undertake the business of sale, buy, repair, service, let out on hire, import, export and deal in all types of air compressors, spare parts, fittings and accessories in Malaysia.</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>
20-Sep-2021 Elgi Equipments forms wholly owned subsidiary company <P align=justify>Elgi Equipments has formed a wholly owned subsidiary company in the name ‘Elgi Compressors (M) SDN. BHD.' in Malaysia, and invested an amount of 10,00,000 Malaysian ringgit in the share capital of Elgi Compressors (M) SDN. BHD on September 17, 2021. The company is incorporated to undertake the business of sale, buy, repair, service, let out on hire, import, export and deal in all types of air compressors, spare parts, fittings and accessories in Malaysia.<BR><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>
01-Sep-2021 Elgi Equipments informs about credit rating <p align="justify">Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Elgi Equipments has informed that it enclosed the details of the revision in Credit Rating for the Company assigned by CRISIL Ratings (CRISIL) vide their communication dated August 31, 2021. The rating rationale provided by CRISIL can be accessed using link: Rating Rationale (crisil.com). The aforesaid information is also being made available on the Company's website: www.elgi.com.</p><p align="justify">The above information is a part of company's filings submitted to BSE.<br></p>
04-Aug-2021 Elgi Equipments turns black in Q1 <p align="justify">Elgi Equipments has reported results for first quarter ended June 30, 2021.<br></p><p align="justify">The company has reported net profit at Rs 26.01 crore for the quarter under review as compared to net loss of Rs 7.06 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 311.24 crore for Q1FY22 as compared Rs 124.97 crore for the corresponding quarter previous year.<br></p><p align="justify">On the consolidated basis, the company has reported net profit attributed to the owners at Rs 12.02 crore for the quarter under review as compared to net loss of Rs 8.73 crore for the same quarter in the previous year. Total income of the company increased by 71.77% at Rs 501.34 crore for Q1FY22 as compared Rs 291.87 crore for the corresponding quarter previous year.<br></p>
03-Aug-2021 Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS In terms of provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Compensation Committee of the Board Directors of the Company at its meeting held today has approved the grant of 4,74,300 stock options under the Elgi Equipments Limited Employees Stock Option Plan, 2019
03-Aug-2021 Appointment of Company Secretary and Compliance Officer Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') and based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors of the Company at its meeting held today has: 1) Taken on record the resignation of Mr. Ragunathan K as the Company Secretary and Compliance Officer of the Company. 2) Approved the appointment of Mr. S Prakash as the Company Secretary and Compliance Officer of the Company
03-Aug-2021 Appointment of Company Secretary and Compliance Officer Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') and based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors of the Company at its meeting held today has: 1) Taken on record the resignation of Mr. Ragunathan K as the Company Secretary and Compliance Officer of the Company. 2) Approved the appointment of Mr. S Prakash as the Company Secretary and Compliance Officer of the Company
26-Jul-2021 Board Meeting Intimation for Notice Of Meeting Of The Board Of Directors ELGI EQUIPMENTS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/08/2021 ,inter alia, to consider and approve Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby inform you that a meeting of the Board of Directors of the Company, is scheduled to be held on Tuesday, August 3, 2021, to inter-alia consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2021. Further in continuation to our letter dated June 30, 2021, we further inform you that the trading window for dealing in the securities of the Company has been closed from July 1, 2021 and shall remain closed till August 5, 2021 (i.e. 48 hours after the financial results for the quarter ended June 30, 2021 are made public) in terms of the ''Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons
14-Jul-2021 Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015. The Company's step down Subsidiary in Europe, Rotair, Spa . has formed a wholly owned Subsidiary Company in Europe by name 'ELGI COMPRESSORS SOUTHERN EUROPE, SRL.' in Italy. The Italian sales promoting activities of the Electric Powered Screw Air Compressors business of Rotair, Spa will be transferred to and henceforth performed by ELGi Compressors Southern Europe, Srl as part of the second phase of restructuring ELGi entities in Europe. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you Rotair, Spa. has invested 10,000 Euro (Ten Thousand Euro) in the share capital of ELGI COMPRESSORS SOUTHERN EUROPE SRL today by way of Euro 9,000 in cash and Euro 1,000 in kind. The newly formed entity will host the Italian sales support team of Rotair, Spa in Italy that is related to the Electric Powered Screw Air Compressors business, with an objective of promoting this business in that area in a more focussed manner.
09-Jul-2021 Announcement under Regulation 30 (LODR)-Joint Venture The Company's Wholly Owned Subsidiary in USA, 'Elgi Compressors USA Inc.' has formed a Joint Venture Company in USA by name 'Gentex Air Solutions, LLC.' as a North Carolina Limited Liability Company, along with James Gery and Diego Hernandez. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Elgi Compressors USA Inc. has invested 95,000 USD (Ninety Five Thousand USD) in the share capital of Gentex Air Solutions, LLC. The newly formed entity will host the sales force for the Dallas, Texas area of USA with an objective of promoting ELGi's products in that area. The disclosures as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015, is given in Annexure enclosed. Kindly acknowledge receipt of this letter and update your records.