This compressor maker gave 426% return in two years, do you have

New Delhi: Elgi Equipments Ltd has a strong presence in the country and has a presence in more than 100 countries across the world. The stock of this company has given more than 400 percent return in the last two years. The company manufactures air compressors and automobile service station equipment. The company’s products are used in a wide variety of industries including mining, pharmaceuticals, shipbuilding, power and oil. It was established in 1960. Initially, it manufactured air compressors and garage equipment. Today it manufactures more than 400 products and accessories. The company has state-of-the-art plants in India, Italy and the US.

Not only this, the company has a great network of more than 100 dealers across the country. The company’s business is spread in more than 100 countries of the world. It is a S&P BSE 500 company which has given excellent returns to its investors in the last two years. Its price was Rs 64.3 on May 5, 2020, which reached Rs 338.70 on May 2, 2022. It has given 426% return during this period.

Its net revenue grew 26.48% year-on-year to Rs 408.55 crore in the third quarter of FY 2022. Similarly, the company’s profit increased by 36.79% to Rs 45.78 crore. During this period, the company’s air compressor segment generated about 92% per cent of the revenue while the automotive equipment business generated 8% of the revenue.

Presently the company is trading at TTM PE of 60.45 times while the PE of the industry is 41.51 times. The company’s ROE stood at 13.78% and ROCE at 16.78% in FY21. At 10 am, the company’s stock was trading at Rs 341.60 with a gain of 0.12% on the BSE. The 52-week high of this stock is Rs 422.70 and the lowest level is Rs 191.60.

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