{"id":116138,"date":"2023-12-26T11:28:57","date_gmt":"2023-12-26T05:58:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116138"},"modified":"2023-12-26T14:46:58","modified_gmt":"2023-12-26T09:16:58","slug":"elgi-equipments-stock-trades-flat-after-it-receives-order-from-siemens","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/elgi-equipments-stock-trades-flat-after-it-receives-order-from-siemens\/","title":{"rendered":"Elgi Equipments stock trades flat after it receives order from Siemens"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1420346447\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Tuesday the share price of the midcap company rose by 1.1 percent to its intraday high of Rs 552 per share from its previous close of Rs 545.70 after the company received an order from Siemens Limited.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2938246102\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ELGIEQUIP\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Elgi Equipments Limited<\/a><\/strong> has received an order from Siemens Limited to supply and maintain Air Generation and Treatment Units and Aux Compressors, according to the company&#8217;s filling.&nbsp;<\/p><p>The order consists of 2400 sets of Air Screw Compressors with dryer Packages and 1200 nos of Auxiliary Compressors, which must be completed by the Company over 10 years of supplies and 35 years of maintenance from the date of supply.&nbsp;<\/p><p>Looking at the financials of Elgi Equipments Limited, net revenue increased by 9 percent year on year, from Rs 739 crore in Q2FY23 to Rs 806 crore in Q2FY24. Their revenue rose 11 percent sequentially from Rs 724 crore in Q1FY24 to the current levels.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1789313599\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Furthermore, the company&#8217;s net profit increased by 26 percent year on year, from a net profit of Rs 72 crores in Q2FY23 to a net profit of Rs 91 crores in Q2FY24. Their profit increased by 51 percent sequentially from Rs 60 crore in Q1FY24 to current levels.&nbsp;<\/p><p>Elgi Equipments Ltd is a midcap stock with a market capitalization of Rs 17,160 crores the share price of the company rose 23 percent in the year to date.&nbsp;<\/p><p>The company has a low price-to-earnings ratio of 42 compared to its peers, with a low debt-to-equity ratio of 0.37, a return on equity of 30 percent, and a return on capital employed of 32 percent.&nbsp;<\/p><p>The promoter owns 31.2 percent of the company, 35.1 percent is owned by the general public, 28 percent is owned by a foreign institutional investor, and 5.7 percent is owned by domestic institutional investors.&nbsp;<\/p><p>Elgi Equipments Limited, founded in 1960, and its subsidiaries are in the business of manufacturing and supplying air compressors and automotive equipment. It also offers related after-sales services.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sriram KV<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2834465318\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3728661926\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Tuesday the share price of the midcap company rose by 1.1 percent to its intraday high of Rs 552 per share from its previous close of Rs 545.70 after the company received an order from Siemens Limited.\u00a0 Elgi Equipments Limited has received an order from Siemens Limited to supply and maintain Air Generation and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":21325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9390,15378,9389,9178,948,936],"class_list":["post-116138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-elgi-equipments-latest-news","tag-elgi-equipments-latest-orders","tag-elgi-equipments-share-price","tag-siemens-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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