Elgi Equipments Limited Coimbatore

Elgi Equipments Limited is engaged in manufacturing of air compressors. The Company has manufacturing plants in different locations in India and has its registered office in Coimbatore. The Company is a public limited company and listed on both the Bombay Stock Exchange and the National Stock Exchange.

  • Sales:₹ 2,816 Cr.
  • Operating profit: ₹ 371 Cr.
  • Net profit: ₹ 235 Cr.
  • Sales last year: ₹ 2,525 Cr.
  • EBIDT last year: ₹ 337 Cr.
  • Sales growth 3Years: 10.7 %

Elgi Equipments Limited Profile

Elgi Equipments was established in 1960 as an air compressor and garage equipment manufacturing company. Over the years, the company has exponentially grown its product portfolio and aligned its offering to changing market requirements. Today, Elgi Equipments Limited is a global air compressor manufacturer with a broad line of innovative and technologically superior compressed air systems.

  • Total Assets: ₹ 2,332 Cr.
  • Reserves: ₹ 1,095 Cr.
  • Debt: ₹ 677 Cr.
  • Current assets: ₹ 1,679 Cr.
  • Current liabilities: ₹ 1,082 Cr.
  • Debt to equity: 0.60
  • Dividend yield: 0.23 %
  • Face value: ₹ 1.00
  • ROE 5Yr: 13.1 %
  • ROCE: 18.6 %
  • ROCE 3Yr: 13.6 %
  • Return on equity: 17.6 %

ELGi has a portfolio of over 400 products and accessories. Over the years, we have built a strong brand through strategic partnerships with global leaders, product innovation by way of in-house research and engineering, and a customer- centric approach.

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To power a 400+ product strong portfolio, ELGi has state-of-the-art manufacturing facilities in India, Italy and the USA. With in-house technology, ELGi air compressors are engineered to deliver maximum uptime and reliability at low total cost of ownership.

Elgi Equipments Products

ELGi Equipments is a complete compressed air solutions provider with a portfolio of 400+ air compressor products to suit your requirements. ELGi manufactures a wide range of industrial air compressors such as oil-lubricated compressors, oil-free electric-powered rotary screw compressors, diesel powered portable screw compressors, oil-lubricated and oil-free reciprocating compressors, centrifugal compressors, dryers, air receiver tanks, and other air accessories.

ELGi manufactures a wide range of air compressors for today’s industrial requirements. The company offer an extensive range of air compressors and accessories from time-tested, robust workhorses to advanced, sophisticated compressed air solutions. Our products are designed and manufactured to offer high-quality, reliable, and energy-efficient compressed air solutions across industries from agriculture to construction, mining, manufacturing and so on. There are different air compressors based on their uses, such as oil-free air compressors, oil-lubricated air compressors, piston air compressors, and more.

Elgi Equipments Limited subsidiaries

SL.No

Subsidiary Company
1ATS ELGI LIMITED
2ADISION PRECISION INSTRUMENTS MANUFACTURING COMPANY LIMITED
3ERGO DESIGN PRIVATE LIMITED
4ELGI SAUER COMPRESSORS LIMITED
5INDUSTRIAL AIR SOLUTIONS LLP
6ELGI GULF FZE
7ELGI GULF MECHANICAL AND ENGINEERING EQUIPMENT TRADING LLC
8ELGI EQUIPMENTS AUSTRALIA PTY LTD
9INDUSTRIAL AIR COMPRESSORS PTY LTD
10FR PULFORD AND SON PTY LTD
11ADVANCED AIR COMPRESSORS PTY LTD
12ELGI COMPRESSORS DO BRASIL IMP.E.EXP LTDA
13PT ELGI EQUIPMENTS INDONESIA
14ELGI COMPRESSORS (M) SDN. BHD
15ELGI EQUIPMENTS LIMITED EMPLOYEE STOCK OPTION TRUST
16ELGI COMPRESSORS ITALY S.R.L
17ROTAIR SPA
18ELGI COMPRESSORS EUROPE SRL
19ELGI COMPRESSORS IBERIA SL
20ELGI COMPRESSORS EASTERN EUROPE SP Z.O.O.
21ELGI COMPRESSORS NORDICS
22ELGI COMPRESSORS FANCE SAS
23ELGI COMPRESSORS UK AND IRELAND LIMITED
24ELGI COMPRESSORS SOUTHERN EUROPE S.R.L
25PATTONS INC
26PATTONS MEDICAL LLC
27MICHIGAN AIR SOLUTIONS LLC
28ELGI SERVICE
29LG BALAKRISHNAN BROS
Elgi Equipments Limited Subsidiaries

Details of Joint Ventures

The Company has 26% interest in Joint venture called Elgi Sauer Compressors Limited which was set up as company
together with JP Sauer & Sohn Maschinenbau GMBH in India, to sell compressors and their parts along with rendering
engineering services.

The Company has 50% share in Industrial Air Solutions LLP which was set up as Limited liability partnership in India
with Mr. Rajeev Sharma, for distribution of products of Elgi Equipments Limited.

The Company through its wholly owned subsidiary Elgi Compressors USA Inc, has set up a joint venture called Evergreen
Compressed Air and Vacuum LLC, with Mr. Michael Keim for a share of 50% each. The joint venture is having registered
office at Seattle, USA and will be the distributor of products of Elgi Equipments Limited.

The Company through its wholly owned subsidiary Elgi Compressors USA Inc, has set up a joint venture called Compressed
Air Solutions of Texas, LLC, with Mr.Bryan Becker for a share of 50% each. The joint venture is a distributor of products
for compressed air systems mainly in the state of Texas.

The Company through its wholly owned subsidiary Elgi Compressors USA Inc, has set up a joint venture called
PLA Holding Company, LLC, with Mr. Jeffery Brandon Todd for a share of 50% each. The joint venture was formed in the
state of North Carolina. PLA Holding Company, LLC, wholly owns Pattons of California, LLC, a California company which
is a distributor of products for compressed air systems mainly in the state of California.

The Company through its wholly owned subsidiary Elgi Compressors USA Inc, has set up a joint venture called
G3 Industrial Solutions, LLC, with Mr.Chad Gooding and Mr.Luke Johnson for a share of one third for each. The joint
venture is a distributor of products for compressed air systems mainly in the states of Kansas city and Missouri.
In July 2021, the Company through its wholly owned subsidiary Elgi Compressors USA Inc, has set up a joint venture
called Gentex Air Solutions, LLC, with Mr. James Gery Naico and Mr. Diego Hernandez for a share of one third for each.
The joint venture is a distributor of products for compressed air systems mainly in the states of North Carolina.
Details of Joint Operations

The company has 98% interest in a joint arrangement called L.G. Balakrishnan & Bros (Firm) which was set up as
partnership firm in India together with Elgi Ultra Industries Limited to earn rental income.
The company has 80% interest in a Joint arrangement called Elgi Services which was set up as partnership firm in India
together with Elgi Ultra Industries Limited.

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Raveendran R
Editor @ Indiancompaies.in

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