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Elgi Equipments Gains 4%; BSE CAPITAL GOODS Index Down 0.1%
Mon, 19 Aug 14:3

Elgi Equipments Gains 4%; BSE CAPITAL GOODS Index Down 0.1%Image source: Nikada/www.istockphoto.com

Elgi Equipments share price has zoomed 4% and is presently trading at Rs 624.1.

Meanwhile, the BSE CAPITAL GOODS index is at 72,752.7 (down 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (up 2.5%) and Honeywell Automation (up 1.3%).

V GUARD IND. (down 7.4%) and Finolex Cables (down 2.0%) are among the top losers today.

Over the last one year, Elgi Equipments has moved up from Rs 487.4 to Rs 624.1, registering a gain of Rs 136.7 (up 28.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 72,752.7, registering a gain of 67.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 189.1%), HINDUSTAN AERO. (up 147.1%) and Bharat Electronics (up 131.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,407.3 .

The top losers among the BSE Sensex today are M&M (down 2.0%) and Axis Bank (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,569.5 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,407.3, registering a gain of 15,005.4 points (up 22.9%).

Elgi Equipments Financial Update...

Elgi Equipments net profit grew 25.9% YoY to Rs 727 million for the quarter ended June 2024, compared to a profit of Rs 577 million a year ago. Net sales rose 10.7% to Rs 8,011 million during the period as against Rs 7,239 million in April-June 2023.

For the year ended March 2024, Elgi Equipments reported 15.9% decrease in net profit to Rs 3,119 million compared to net profit of Rs 3,708 million during FY23. Revenue of the company grew 5.8% to Rs 32,178 million during FY24.

The current Price to earnings ratio of Elgi Equipments, based on rolling 12 month earnings, stands at 61.5.


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