Elgi Equipments Limited

This company manufactures air compressors and related products for various industries, with global manufacturing and warehouse facilities.

1960 | Coimbatore, Tamil Nadu (India) | Active
Last Updated:

Elgi Equipments Profile

Key Indicators

  • Authorised Capital ₹ 32.00 Cr
  • Paid Up Capital ₹ 31.69 Cr
  • Company Age 64 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 425.83 Cr
  • Satisfied Charges ₹ 82.37 Cr
  • Revenue Growth 13.00%
  • Profit Growth 43.90%
  • Ebitda 28.82%
  • Net Worth 24.17%
  • Total Assets 25.43%

About Elgi Equipments

Elgi Equipments Limited (EEL) was founded in India on 14 March 1960 and has a glorious history of 64 years and 11 months. Its registered office is in Coimbatore, Tamil Nadu, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 522074 and on the National Stock Exchange(NSE) under ELGIEQUIP.

The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 32.00 Cr and a paid-up capital of Rs 31.69 Cr.

The company currently has active open charges totaling ₹425.83 Cr. The company has closed loans amounting to ₹82.37 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Elgi Equipments Limited India are Indranil Sen as CFO and Devika Sathyanarayana as Company Secretary. Jairam Varadaraj, Sudarsan Varadaraj, Srinivasan Ravindran, and Four other members serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    elgi.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L29120TZ1960PLC000351

  • Company No.

    000351

  • Stock Symbol

    BSE : 522074 NSE : ELGIEQUIP

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    14 Mar 1960

  • Date of AGM

    31 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Coimbatore

Industry

Machinery and Equipment

What products or services does Elgi Equipments Limited offer?

Elgi Equipments Limited offers a wide range of products and services, including Air Compressors, Accessories & Parts, Air Compressors, Reciprocating Compressors, Automotive Repair Tools & Equipments, Automotive Testing Equipment, Railway, Railroad & Train Components, Locomotive Components, Tyre & Wheel Equipment, Oil Free Air Compressor, Solar & Renewable Energy Products.

Who are the key members and board of directors at Elgi Equipments?

Executive Team (3)

NameDesignationAppointment DateStatus
Jairam Varadaraj Country flag representing In Managing Director29-May-1992Current
Indranil Sen Country flag representing In CFO27-Mar-2024Current
Devika Sathyanarayana Company Secretary12-Jun-2024Current

Board Members (6)

NameDesignationAppointment DateStatus
Sudarsan Varadaraj Country flag representing In Director 18-Nov-1993Current
Srinivasan Ravindran Country flag representing In Director 28-Aug-2024Current
Srinivasan Krishnamurthi Country flag representing In Director 28-Aug-2024Current
Anvarjay Varadaraj Country flag representing Us Whole-Time Director 01-Apr-2020Current
Thangaraj Aruna Country flag representing In Director 27-May-2019Current
Suman Das Country flag representing In Director 28-Aug-2024Current

Financial Performance of Elgi Equipments.

Elgi Equipments Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 13% increase. The company also saw a substantial improvement in profitability, with a 43.9% increase in profit. The company's net worth Soared by an impressive increase of 24.17%.

Elgi Equipments revenue growth over time
Elgi Equipments profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
13.00%
Revenue from Operations
11.00%
Total Assets
25.43%
Profit or Loss
43.90%
Net Worth
24.17%
EBITDA
28.82%

What is the Ownership and Shareholding Structure of Elgi Equipments?

In 2023, Elgi Equipments had a promoter holding of 31.19% and a public holding of 68.80%. The company had 3 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹425.83 Cr

Satisfied Charges

₹82.37 Cr

Charges Breakdown by Lending Institutions

  • Citi Bank N.A. : 162.30 Cr
  • The Hongkong And Shanghai Banking Corporation Limited : 84.67 Cr
  • Standard Chartered Bank : 63.06 Cr
  • Hdfc Bank Limited : 62.30 Cr
  • State Bank Of India : 30.00 Cr
  • Others : 23.50 Cr

Latest Charge Details

DateLenderAmountStatus
16 Jun 2023Hdfc Bank Limited₹62.30 CrOpen
22 Dec 2020Citi Bank N.A.₹162.30 CrOpen
01 Nov 2018Standard Chartered Bank₹63.06 CrOpen
09 Feb 2016The Hongkong And Shanghai Banking Corporation Limited₹47.17 CrOpen
21 Nov 2012The Hongkong And Shanghai Banking Corporation Limited₹37.50 CrOpen

How Many Employees Work at Elgi Equipments?

Elgi Equipments has a workforce of 1409 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Elgi Equipments Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Elgi Equipments, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Elgi Equipments's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Elgi Equipments

Recent activity within the organization

  • Director Appointment

    Srinivasan Ravindran was appointed as a Director was appointed as a Director on 28 Aug 2024 & has been associated with this company since 6 months 4 days .

  • Director Appointment

    Srinivasan Krishnamurthi was appointed as a Director was appointed as a Director on 28 Aug 2024 & has been associated with this company since 6 months 4 days .

  • Director Appointment

    Suman Kumar Das was appointed as a Director was appointed as a Director on 28 Aug 2024 & has been associated with this company since 6 months 4 days .

  • Annual General Meeting

    Elgi Equipments Limited last Annual general meeting of members was held on 31 Jul 2024 as per latest MCA records.

  • Director Appointment

    Devika Sathyanarayana was appointed as a Company Secretary was appointed as a Company Secretary on 12 Jun 2024 & has been associated with this company since 8 months 19 days .

  • Balance Sheet

    Elgi Equipments Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Elgi Equipments Limited?

    Elgi Equipments Limited was incorporated on 14 Mar 1960.

  • What is authorized share capital and paid-up capital of Elgi Equipments Limited?

    The authorized share capital of Elgi Equipments Limited is ₹ 32.00 Cr and paid-up capital is ₹ 31.69 Cr.

  • Who are the current board members & directors of Elgi Equipments Limited?

    Currently 9 directors are associated with Elgi Equipments Limited.

    • Jairam Varadaraj
    • Sudarsan Varadaraj
    • Srinivasan Ravindran
    • Srinivasan Krishnamurthi
    • Anvarjay Varadaraj
    • Thangaraj Aruna
    • Suman Kumar Das
    • Indranil Sen
    • Devika Sathyanarayana

  • What is the registered address of Elgi Equipments Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Elgi Equipments Limited is Elgi Industrial Complex Iii Trichy Road, Singanallur India, Coimbatore, Tamil Nadu, 641005.

  • What is the corporate identification number (CIN) and company number of Elgi Equipments Limited?

    The corporate identification number (CIN) of Elgi Equipments Limited is L29120TZ1960PLC000351 and the company number is 000351 as per Ministry of Corporate Affairs (MCA).

  • Is Elgi Equipments Limited registered with any stock exchange in India?

    Yes, Elgi Equipments Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): ELGIEQUIP.

  • What is the official website of Elgi Equipments Limited?

    The Official website of Elgi Equipments Limited is https://www.elgi.com

  • What has been the recent revenue trend for Elgi Equipments Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Elgi Equipments Limited has risen by 13.00%.

  • How many employees does Elgi Equipments Limited currently have?

    As Per 2023 financial reports, 1409 employees are currently employed by Elgi Equipments Limited.

  • What change has been observed in the net worth of Elgi Equipments Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Elgi Equipments Limited has experienced an upsurge of 24.17%.

  • What are the total open charges for Elgi Equipments Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Elgi Equipments Limited amount to ₹ 425.83 Cr.

  • When was the last Balance Sheet of Elgi Equipments Limited filed with the ROC?

    The most recent Balance Sheet for Elgi Equipments Limited was filed with the ROC on 31 Mar 2024.

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