Elgi Equipments Limited

NSEI:ELGIEQUIP Stock Report

Market Cap: ₹131.2b

Elgi Equipments Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Jairam Varadaraj

Chief executive officer

₹25.5m

Total compensation

CEO salary percentage99.61%
CEO tenure33.7yrs
CEO ownership8.9%
Management average tenure1.9yrs
Board average tenure6.7yrs

Recent management updates

Recent updates

Here's Why We Think Elgi Equipments (NSE:ELGIEQUIP) Might Deserve Your Attention Today

Jan 19
Here's Why We Think Elgi Equipments (NSE:ELGIEQUIP) Might Deserve Your Attention Today

Pinning Down Elgi Equipments Limited's (NSE:ELGIEQUIP) P/E Is Difficult Right Now

Jan 03
Pinning Down Elgi Equipments Limited's (NSE:ELGIEQUIP) P/E Is Difficult Right Now

Does Elgi Equipments (NSE:ELGIEQUIP) Have A Healthy Balance Sheet?

Dec 19
Does Elgi Equipments (NSE:ELGIEQUIP) Have A Healthy Balance Sheet?

Investors Should Be Encouraged By Elgi Equipments' (NSE:ELGIEQUIP) Returns On Capital

Nov 30
Investors Should Be Encouraged By Elgi Equipments' (NSE:ELGIEQUIP) Returns On Capital

Earnings Beat: Elgi Equipments Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Nov 15
Earnings Beat: Elgi Equipments Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Do Elgi Equipments' (NSE:ELGIEQUIP) Earnings Warrant Your Attention?

Oct 15
Do Elgi Equipments' (NSE:ELGIEQUIP) Earnings Warrant Your Attention?

Elgi Equipments Limited Just Missed EPS By 10.0%: Here's What Analysts Think Will Happen Next

Aug 15
Elgi Equipments Limited Just Missed EPS By 10.0%: Here's What Analysts Think Will Happen Next

We Think Elgi Equipments (NSE:ELGIEQUIP) Can Stay On Top Of Its Debt

Aug 04
We Think Elgi Equipments (NSE:ELGIEQUIP) Can Stay On Top Of Its Debt

Elgi Equipments Limited's (NSE:ELGIEQUIP) Business Is Trailing The Market But Its Shares Aren't

Jul 13
Elgi Equipments Limited's (NSE:ELGIEQUIP) Business Is Trailing The Market But Its Shares Aren't

Elgi Equipments' (NSE:ELGIEQUIP) Dividend Will Be Increased To ₹2.20

Jun 27
Elgi Equipments' (NSE:ELGIEQUIP) Dividend Will Be Increased To ₹2.20

Does Elgi Equipments (NSE:ELGIEQUIP) Deserve A Spot On Your Watchlist?

Jun 21
Does Elgi Equipments (NSE:ELGIEQUIP) Deserve A Spot On Your Watchlist?

Elgi Equipments' (NSE:ELGIEQUIP) Shareholders Will Receive A Bigger Dividend Than Last Year

Jun 01
Elgi Equipments' (NSE:ELGIEQUIP) Shareholders Will Receive A Bigger Dividend Than Last Year

Elgi Equipments (NSE:ELGIEQUIP) Could Become A Multi-Bagger

Mar 20
Elgi Equipments (NSE:ELGIEQUIP) Could Become A Multi-Bagger

Elgi Equipments Limited's (NSE:ELGIEQUIP) Shares May Have Run Too Fast Too Soon

Mar 02
Elgi Equipments Limited's (NSE:ELGIEQUIP) Shares May Have Run Too Fast Too Soon
User avatar

Revolutionary Compressor Technology Will Secure Premium Market Position

Innovative technologies and competitive product pricing aim to increase market share in both premium and lower-tier compressor segments, boosting future revenues.

We Think Elgi Equipments (NSE:ELGIEQUIP) Can Stay On Top Of Its Debt

Dec 24
We Think Elgi Equipments (NSE:ELGIEQUIP) Can Stay On Top Of Its Debt

Earnings Update: Elgi Equipments Limited (NSE:ELGIEQUIP) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

Nov 14
Earnings Update: Elgi Equipments Limited (NSE:ELGIEQUIP) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

Pinning Down Elgi Equipments Limited's (NSE:ELGIEQUIP) P/E Is Difficult Right Now

Nov 12
Pinning Down Elgi Equipments Limited's (NSE:ELGIEQUIP) P/E Is Difficult Right Now

Returns On Capital Are A Standout For Elgi Equipments (NSE:ELGIEQUIP)

Oct 22
Returns On Capital Are A Standout For Elgi Equipments (NSE:ELGIEQUIP)

Does Elgi Equipments (NSE:ELGIEQUIP) Have A Healthy Balance Sheet?

Sep 08
Does Elgi Equipments (NSE:ELGIEQUIP) Have A Healthy Balance Sheet?

Elgi Equipments' (NSE:ELGIEQUIP) Dividend Will Be ₹2.00

Jul 22
Elgi Equipments' (NSE:ELGIEQUIP) Dividend Will Be ₹2.00

Earnings Not Telling The Story For Elgi Equipments Limited (NSE:ELGIEQUIP) After Shares Rise 30%

Jul 05
Earnings Not Telling The Story For Elgi Equipments Limited (NSE:ELGIEQUIP) After Shares Rise 30%

Elgi Equipments (NSE:ELGIEQUIP) Will Pay A Dividend Of ₹2.00

Jun 30
Elgi Equipments (NSE:ELGIEQUIP) Will Pay A Dividend Of ₹2.00

Why We Like The Returns At Elgi Equipments (NSE:ELGIEQUIP)

Jun 20
Why We Like The Returns At Elgi Equipments (NSE:ELGIEQUIP)

Elgi Equipments (NSE:ELGIEQUIP) Has Announced A Dividend Of ₹2.00

Jun 02
Elgi Equipments (NSE:ELGIEQUIP) Has Announced A Dividend Of ₹2.00

Earnings Miss: Elgi Equipments Limited Missed EPS By 6.1% And Analysts Are Revising Their Forecasts

Jun 01
Earnings Miss: Elgi Equipments Limited Missed EPS By 6.1% And Analysts Are Revising Their Forecasts

Is Elgi Equipments (NSE:ELGIEQUIP) Using Too Much Debt?

May 29
Is Elgi Equipments (NSE:ELGIEQUIP) Using Too Much Debt?

Elgi Equipments Limited's (NSE:ELGIEQUIP) Shareholders Might Be Looking For Exit

May 11
Elgi Equipments Limited's (NSE:ELGIEQUIP) Shareholders Might Be Looking For Exit

Here's Why We Think Elgi Equipments (NSE:ELGIEQUIP) Might Deserve Your Attention Today

Apr 05
Here's Why We Think Elgi Equipments (NSE:ELGIEQUIP) Might Deserve Your Attention Today

Elgi Equipments (NSE:ELGIEQUIP) Is Very Good At Capital Allocation

Mar 18
Elgi Equipments (NSE:ELGIEQUIP) Is Very Good At Capital Allocation

Elgi Equipments Limited Just Missed EPS By 12%: Here's What Analysts Think Will Happen Next

Feb 16
Elgi Equipments Limited Just Missed EPS By 12%: Here's What Analysts Think Will Happen Next

What Elgi Equipments Limited's (NSE:ELGIEQUIP) 27% Share Price Gain Is Not Telling You

Feb 09
What Elgi Equipments Limited's (NSE:ELGIEQUIP) 27% Share Price Gain Is Not Telling You

These 4 Measures Indicate That Elgi Equipments (NSE:ELGIEQUIP) Is Using Debt Reasonably Well

Dec 27
These 4 Measures Indicate That Elgi Equipments (NSE:ELGIEQUIP) Is Using Debt Reasonably Well

Elgi Equipments (NSE:ELGIEQUIP) Knows How To Allocate Capital Effectively

Dec 12
Elgi Equipments (NSE:ELGIEQUIP) Knows How To Allocate Capital Effectively

Here's Why Elgi Equipments (NSE:ELGIEQUIP) Can Manage Its Debt Responsibly

Sep 19
Here's Why Elgi Equipments (NSE:ELGIEQUIP) Can Manage Its Debt Responsibly

Investors Shouldn't Overlook Elgi Equipments' (NSE:ELGIEQUIP) Impressive Returns On Capital

Sep 01
Investors Shouldn't Overlook Elgi Equipments' (NSE:ELGIEQUIP) Impressive Returns On Capital

Elgi Equipments' (NSE:ELGIEQUIP) Dividend Will Be Increased To ₹2.00

Jul 07
Elgi Equipments' (NSE:ELGIEQUIP) Dividend Will Be Increased To ₹2.00

These 4 Measures Indicate That Elgi Equipments (NSE:ELGIEQUIP) Is Using Debt Safely

Jun 06
These 4 Measures Indicate That Elgi Equipments (NSE:ELGIEQUIP) Is Using Debt Safely

Elgi Equipments (NSE:ELGIEQUIP) Is Increasing Its Dividend To ₹2.00

May 22
Elgi Equipments (NSE:ELGIEQUIP) Is Increasing Its Dividend To ₹2.00

Why We Like The Returns At Elgi Equipments (NSE:ELGIEQUIP)

Apr 03
Why We Like The Returns At Elgi Equipments (NSE:ELGIEQUIP)

Do Elgi Equipments' (NSE:ELGIEQUIP) Earnings Warrant Your Attention?

Feb 23
Do Elgi Equipments' (NSE:ELGIEQUIP) Earnings Warrant Your Attention?

Is Elgi Equipments (NSE:ELGIEQUIP) Using Too Much Debt?

Jan 22
Is Elgi Equipments (NSE:ELGIEQUIP) Using Too Much Debt?

Returns On Capital Are A Standout For Elgi Equipments (NSE:ELGIEQUIP)

Dec 22
Returns On Capital Are A Standout For Elgi Equipments (NSE:ELGIEQUIP)

If EPS Growth Is Important To You, Elgi Equipments (NSE:ELGIEQUIP) Presents An Opportunity

Nov 20
If EPS Growth Is Important To You, Elgi Equipments (NSE:ELGIEQUIP) Presents An Opportunity

CEO Compensation Analysis

How has Jairam Varadaraj's remuneration changed compared to Elgi Equipments's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

₹4b

Jun 30 2025n/an/a

₹4b

Mar 31 2025₹26m₹25m

₹4b

Dec 31 2024n/an/a

₹3b

Sep 30 2024n/an/a

₹3b

Jun 30 2024n/an/a

₹3b

Mar 31 2024₹23m₹23m

₹3b

Dec 31 2023n/an/a

₹4b

Sep 30 2023n/an/a

₹4b

Jun 30 2023n/an/a

₹4b

Mar 31 2023₹21m₹20m

₹4b

Dec 31 2022n/an/a

₹3b

Sep 30 2022n/an/a

₹2b

Jun 30 2022n/an/a

₹2b

Mar 31 2022₹18m₹17m

₹2b

Dec 31 2021n/an/a

₹1b

Sep 30 2021n/an/a

₹1b

Jun 30 2021n/an/a

₹1b

Mar 31 2021₹16m₹13m

₹1b

Dec 31 2020n/an/a

₹602m

Sep 30 2020n/an/a

₹384m

Jun 30 2020n/an/a

₹168m

Mar 31 2020₹17mn/a

₹426m

Compensation vs Market: Jairam's total compensation ($USD279.32K) is below average for companies of similar size in the Indian market ($USD527.62K).

Compensation vs Earnings: Jairam's compensation has been consistent with company performance over the past year.

CEO

Jairam Varadaraj (64 yo)

33.7yrs
Tenure
₹25,541,130
Compensation

Dr. Jairam Varadaraj has been the Managing Director of ELGI Equipments Limited since July 22, 2006 and also serves as its Chief Executive Officer. Dr. Varadaraj has been the Managing Director at ELGI Indus...

Leadership Team

NamePositionTenureCompensationOwnership
Jairam Varadaraj
CEO, MD & Executive Directorno data₹25.54m8.94%
₹ 11.7b
Indranil Sen
Chief Financial Officer1.8yrsno datano data
Ramesh Ponnuswami
Executive President of Operations & EBSless than a yearno datano data
Nitesh Jain
Chief Human Resource Officer2.8yrsno datano data
Anvar Varadaraj
Executive Directorno data₹17.60m0.61%
₹ 800.0m
. Premendra
Chief Strategy Officer2.8yrsno datano data
Bhavesh Karia
President of Isaame & Sea2.2yrsno datano data
Brian Pahl
President of USA2yrsno datano data
K. Venu Madhav
Director of Product Excellence & Innovationno datano datano data
Gaurav Gupta
Chief Information & Digital Officer1.4yrsno datano data
Shyam Vasudevan
Vice President of Legal & Secretarialno datano datano data
Rohit Gupte
Company Secretary & Compliance Officerless than a yearno datano data
1.9yrs
Average Tenure
53.5yo
Average Age

Experienced Management: ELGIEQUIP's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Jairam Varadaraj
CEO, MD & Executive Director33.7yrs₹25.54m8.94%
₹ 11.7b
Anvar Varadaraj
Executive Director6.7yrs₹17.60m0.61%
₹ 800.0m
Sudarsan Varadaraj
Non-Executive Non-Independent Director32.2yrs₹500.00k0.090%
₹ 118.4m
Srinivasan Ravindran
Non-Executive Independent Director1.5yrs₹2.00m0.000060%
₹ 78.7k
Aruna Thangaraj
Independent Director6.7yrs₹1.00mno data
Suman Das
Non-Executive Independent Director1.5yrs₹2.00mno data
Srinivasan Krishnamurthi
Non-Executive Independent Director1.5yrs₹2.50mno data
6.7yrs
Average Tenure
62yo
Average Age

Experienced Board: ELGIEQUIP's board of directors are considered experienced (6.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/21 11:39
End of Day Share Price 2026/01/21 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Elgi Equipments Limited is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bhargav BuddhadevAmbit Capital
Nishit MasterAnand Rathi Shares and Stock Brokers Limited
null nullAsian Markets Securities Private Limited