[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-elgi-equipments-beats-estimates-in-q4-equirus-securities-maintains-long":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$fzgh9HMZBeog6YYmi6_wf9F1_8E0448vNEX9r4SOC_2g":167,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":173,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$flyRSpjhyVE29pqjd-DzWtoRwNGPXrTq6WJDGSvhczcc":246},{"data":4},{"id":5,"title":6,"slug":7,"excerpt":8,"content":9,"imageUrl":10,"socialImageUrl":11,"publishedAt":12,"author":13,"category":14,"likes":15,"summary":16,"captionLinkedin":17,"captionTwitter":18,"captionInstagram":19,"seo":20,"prevPost":22,"nextPost":26},1181,"Elgi Equipments Beats Estimates in Q4; Equirus Securities Maintains LONG","elgi-equipments-beats-estimates-in-q4-equirus-securities-maintains-long","Elgi Equipments reports strong Q4 growth as Equirus Securities maintains a LONG rating. Discover the latest on their India market strategy.","\u003Cfigure class=\"image align-left\">\u003Cimg src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2025\u002FElgi Equipments_Pic 1.jpg\" alt=\"\" \u002F>\r\n\u003Cfigcaption>\u003Cspan style=\"text-align: start\">Dr Jairam Varadaraj \u003Cbr \u002F>Managing Director \u003Cbr \u002F>Elgi Equipments Ltd\u003C\u002Fspan>\u003C\u002Ffigcaption>\r\n\u003C\u002Ffigure>\r\n\u003Cp style=\"text-align: left\">Elgi Equipments Ltd’s (ELEQ) 4QFY25 revenues rose 15 percent year-on-year (YoY) to INR 9.9 billion, 9 percent ahead of consensus estimates (EE). Growth was driven by a strong overseas performance (+18 percent YoY) on broad-based traction across geographical regions and a healthy 9 percent YoY increase in India compressor revenues. EBITDA margins stood at 15.1 percent (EE: 15.7 percent), expanding 65 bps YoY\u002F100 bps QoQ. Margins would have been materially higher but for one-off other expenses. Despite tough global macro conditions, FY25 performance was broadly in line. Equirus Securities Pvt Ltd, one of India’s leading domestic institutional equities brokerage firms, fine-tunes FY26\u002FFY27 estimates and maintains LONG with a Jun’26 TP of INR 695 (INR 690 earlier) based on 40x (unchanged) Jun’27 EPS. Any adverse outcome from higher-than-expected US tariffs could materially impact earnings estimates.\u003C\u002Fp>\r\n\u003Cp>\u003Cstrong>India Set to Outpace Industry \u003C\u002Fstrong>\u003C\u002Fp>\r\n\u003Cp>India compressor revenues grew a healthy 12 percent in FY25 despite muted capex momentum. While inquiries remain strong, order finalizations are delayed as customers adopt a wait-and-watch approach. In the low-cost compressors segment, ELEQ is targeting a 30 percent share in the low-kW segment (25-30 percent of industry volumes), a space largely unserved by peers due to unviable pricing. ELEQ now offers competitively priced machines that match Chinese products in performance while maintaining its quality standards. Management targets 12-14 percent annual growth in India over the medium term, driven by 9-10 percent base growth and 3-4 percent incremental contribution from the upcoming full-scale launch of ‘Stabilisor’ and low-cost products by 3QFY26.\u003C\u002Fp>\r\n\u003Cp>\u003Cstrong>Overseas Recovery Underway, But Tariff Clouds Loom \u003C\u002Fstrong>\u003C\u002Fp>\r\n\u003Cp>Overseas compressor revenue grew 6 percent in FY25, rebounding from a 4 percent decline in FY24, on broad-based demand revival.  \u003C\u002Fp>\r\n\u003Cp>●\u003Cstrong >US Compressor Profits Recover; Tariff Risks on Radar: \u003C\u002Fstrong>The US business is recovering, led by industrial and medical segments; distribution has stabilized post-ERP transition. The portable compressor market, after three years of growth, declined 30-40 percent over the last two years and would remain subdued in FY26. Excluding one-time write-offs, the US business turned profitable in FY25. ELEQ aims to restore past profit levels by focusing on revenue-generating roles and cutting overheads via offshoring and shared services. Tariffs initially stood at 26 percent but have been temporarily reduced to 10 percent. If the US imposes a reciprocal tariff of 16.5 percent, ELEQ can maintain current pricing and profitability through cost-reduction initiatives. With 85-90 percent of motors to be produced in-house by FY26, ELEQ is well-positioned to absorb tariff impacts. However, a return to 26 percent tariffs would require additional measures. \u003C\u002Fp>\r\n\u003Cp>●\u003Cstrong >Europe Hits Breakeven: \u003C\u002Fstrong>In Europe, strong demand in 4Q helped ELEQ attain breakeven (excluding one-off tax consulting charges). Management is monitoring the impact of US tariffs on the EU economy and will hold off on further investment until there is more clarity. If needed, it will adjust costs and business scale to align with the new reality.\u003C\u002Fp>\r\n\u003Cp>\u003Cstrong>Multiple Margin Drivers Beyond Overseas Gains \u003C\u002Fstrong>\u003C\u002Fp>\r\n\u003Cp>Equirus Securities models an 18 percent EBITDA CAGR over FY25-28E, led by (a) operating leverage and cost savings from in-house manufacturing in India, (b) improving US\u002FEurope profitability post-FY25 breakeven, and (c) a rising share of high-margin aftermarket revenue (27-28 percent in India, 13-14 percent in RoW) from an expanding installed base.\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong >www.equirus.com, www.elgi.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2025\u002FbKV56LPPTkF4iGtfrn8d.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FJune2025\u002FbKV56LPPTkF4iGtfrn8d.jpg","2025-06-02T13:54:53+05:30","MWM Desk","News",0,"Elgi Equipments Q4 revenue rose 15 percent YoY, beating consensus estimates despite challenging global macroeconomic conditions.\nThe company is targeting a 30 percent market share in the low-kW segment with competitive, high-quality product offerings.\nEquirus Securities projects an 18 percent EBITDA CAGR through 2028, driven by cost-saving measures and rising aftermarket revenue.","Elgi Equipments is showing impressive resilience, with Q4 revenues climbing 15% YoY and outperforming market expectations. While the company faces potential headwinds from global tariff uncertainties, strategic moves—including in-house motor production and a aggressive expansion into the low-kW compressor segment—position them for sustained growth. Equirus Securities has maintained a LONG rating, citing a strong 18% EBITDA CAGR outlook through 2028. As the industrial sector navigates shifting global trade policies, Elgi’s focus on operating leverage and operational efficiency remains a key indicator of their long-term trajectory. How is your organization adjusting its supply chain to mitigate trade tariff volatility? Read the full analysis on our latest market brief. #ElgiEquipments #IndustrialManufacturing #MarketOutlook","Elgi Equipments beats Q4 estimates with 15% YoY revenue growth. Equirus Securities maintains a LONG rating as the firm targets long-term margin expansion. #ElgiEquipments #ManufacturingTrends","Big wins for Elgi Equipments! 📈 The industrial giant just reported a 15% jump in Q4 revenue, blowing past consensus estimates. Despite global economic shifts, the company is doubling down on growth, targeting a 30% share in the low-kW compressor market and ramping up in-house manufacturing. 🛠️ Experts at Equirus Securities are staying bullish with a LONG rating, projecting an 18% EBITDA growth through 2028. It's a masterclass in operational efficiency and smart scaling! Are you following the latest in the manufacturing sector? ⚙️ #ElgiEquipments #IndustrialGrowth #ManufacturingLife #MarketUpdate #BusinessNews #Q4Results #EngineeringExcellence",{"title":6,"description":8,"keywords":21},"elgi equipments, india manufacturing, compressor industry, equirus securities, q4 earnings, industrial equipment, b2b news, market analysis, manufacturing growth",{"title":23,"slug":24,"imageUrl":25},"Cummins India Reports Strong FY25 Results, Surpasses INR 10,000 Cr in Annual Revenue","cummins-india-reports-strong-fy25-results-surpasses-inr-10000-cr-in-annual-revenue","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2025\u002FYPjQ3SGXdhQqZlscCKEH.jpg",{"title":27,"slug":28,"imageUrl":29},"Taural India’s Bharat Gite Honored for Global Impact at Maharashtra-Europe Business Forum","taural-indias-bharat-gite-honored-for-global-impact-at-maharashtra-europe-business-forum","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2025\u002FEChdYliC6C5Undiuhhwd.png",{"data":31,"links":104,"meta":109},[32,38,44,50,56,62,68,74,80,86,92,98],{"title":33,"slug":34,"excerpt":35,"imageUrl":36,"publishedAt":37,"author":13,"category":14},"Evonith Steel Acquires 85 MW Power Plant in Maharashtra","evonith-steel-acquires-85-mw-power-plant-in-maharashtra","Evonith Steel completes the INR 232 Cr acquisition of an 85 MW power plant in Wardha. Discover how this strategic move drives growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fevonith-steel-acquires-85-mw-power-plant-in-maharashtra-nwBF5A.jpeg","2026-06-10T04:22:56+05:30",{"title":39,"slug":40,"excerpt":41,"imageUrl":42,"publishedAt":43,"author":13,"category":14},"Kirloskar Pneumatic launches ‘Tonalli’, a Sustainable Waste-to-Energy Solution","kirloskar-pneumatic-launches-tonalli-a-sustainable-waste-to-energy-solution","Kirloskar Pneumatic launches Tonalli, a sustainable waste-to-energy solution converting organic food waste to biogas and fertilizer. Drive efficiency and compliance.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fkirloskar-pneumatic-launches-tonalli-a-sustainable-waste-to-energy-solution-vZaGuX.png","2026-06-10T04:14:35+05:30",{"title":45,"slug":46,"excerpt":47,"imageUrl":48,"publishedAt":49,"author":13,"category":14},"Leadership in 2026 is About Collaboration, Not Control","leadership-in-2026-is-about-collaboration-not-control","Discover why Sanela Lundqvist of Sandvik Coromant believes modern manufacturing leadership is driven by collaboration, not rigid control.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fleadership-in-2026-is-about-collaboration-not-control-LxZQZw.jpg","2026-06-10T04:01:27+05:30",{"title":51,"slug":52,"excerpt":53,"imageUrl":54,"publishedAt":55,"author":13,"category":14},"Covestro Showcases Advanced TPU Material Solutions to Drive AI Device Advancements","covestro-showcases-advanced-tpu-material-solutions-to-drive-ai-device-advancements","Discover how Covestro is revolutionizing the AI and robotics landscape with advanced, sustainable TPU material innovations.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fcovestro-showcases-advanced-tpu-material-solutions-to-drive-ai-device-advancements-uaU1bw.jpg","2026-06-10T03:40:38+05:30",{"title":57,"slug":58,"excerpt":59,"imageUrl":60,"publishedAt":61,"author":13,"category":14},"Hindustan Zinc, TERI Partner for 250-Hectare Ecological Restoration Project in Rajasthan","hindustan-zinc-teri-partner-for-250-hectare-ecological-restoration-project-in-rajasthan","Hindustan Zinc and TERI launch a 250-hectare ecological restoration project in Rajasthan, setting a global benchmark for industrial sustainability and biodiversity.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fhindustan-zinc-teri-partner-for-250-hectare-ecological-restoration-project-in-rajasthan-kOlxSk.jpg","2026-06-10T03:22:00+05:30",{"title":63,"slug":64,"excerpt":65,"imageUrl":66,"publishedAt":67,"author":13,"category":14},"ELGi Showcases Intelligent Compressed Air Solutions at INTEC 2026","elgi-showcases-intelligent-compressed-air-solutions-at-intec-2026","Discover how ELGi is revolutionizing industrial efficiency at INTEC 2026 with intelligent compressed air systems designed for sustainability.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Felgi-showcases-intelligent-compressed-air-solutions-at-intec-2026-IyGeIT.JPG","2026-06-10T03:09:05+05:30",{"title":69,"slug":70,"excerpt":71,"imageUrl":72,"publishedAt":73,"author":13,"category":14},"Henkel Reaches Carbon-Neutral Manufacturing Milestone in India and Türkiye","henkel-reaches-carbon-neutral-manufacturing-milestone-in-india-and-turkiye","Henkel achieves carbon-neutral manufacturing at its Kurkumbh and Gebkim plants, marking a major milestone in its 2030 decarbonization strategy.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fhenkel-reaches-carbon-neutral-manufacturing-milestone-in-india-and-turkiye-mVPD9c.jpg","2026-06-10T01:49:12+05:30",{"title":75,"slug":76,"excerpt":77,"imageUrl":78,"publishedAt":79,"author":13,"category":14},"IndoSpace Names Balkrishna Jha Vice President – Marketing","indospace-names-balkrishna-jha-vice-president-marketing","IndoSpace appoints Balkrishna Jha as VP of Marketing to accelerate brand strategy in India's booming logistics and industrial real estate sector.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Findospace-names-balkrishna-jha-vice-president-marketing-SNRJO7.png","2026-06-10T01:17:30+05:30",{"title":81,"slug":82,"excerpt":83,"imageUrl":84,"publishedAt":85,"author":13,"category":14},"ABB Partners with Cochin Shipyard for India’s Green Tug Transition Program","abb-partners-with-cochin-shipyard-for-indias-green-tug-transition-program","ABB partners with Cochin Shipyard to power India's first electric tugs under the Green Tug Transition Programme. Discover more.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fabb-partners-with-cochin-shipyard-for-indias-green-tug-transition-program-rx5eZ3.jpg","2026-06-05T03:06:00+05:30",{"title":87,"slug":88,"excerpt":89,"imageUrl":90,"publishedAt":91,"author":13,"category":14},"Vedanta Advances Low-Carbon Operations, Cuts Metals Emissions Intensity by 15% Since FY21","vedanta-advances-low-carbon-operations-cuts-metals-emissions-intensity-by-15-since-fy21","Vedanta Group cuts metals emissions intensity by 15% since FY21, showcasing progress in low-carbon operations and sustainable growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fvedanta-advances-low-carbon-operations-cuts-metals-emissions-intensity-by-15-since-fy21-bCufcL.jpeg","2026-06-05T02:59:24+05:30",{"title":93,"slug":94,"excerpt":95,"imageUrl":96,"publishedAt":97,"author":13,"category":14},"JCBL South Manufactures 1,000 CSC Certified Containers for GE Vernova's US Renewable Energy Market  ","jcbl-south-manufactures-1000-csc-certified-containers-for-ge-vernovas-us-renewable-energy-market","JCBL South achieves a major milestone by delivering 1,000 CSC certified containers to GE Vernova, boosting US renewable energy infrastructure.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fjcbl-south-manufactures-1000-csc-certified-containers-for-ge-vernovas-us-renewable-energy-market-J5jERD.jpeg","2026-06-05T02:24:14+05:30",{"title":99,"slug":100,"excerpt":101,"imageUrl":102,"publishedAt":103,"author":13,"category":14},"Lockheed Martin Unveils Advanced Interceptor Production Hub in Alabama","lockheed-martin-unveils-advanced-interceptor-production-hub-in-alabama","Lockheed Martin's new Alabama facility boosts US missile defense with advanced NGI production, leveraging digital manufacturing for rapid, high-quality 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#INTEC2026!","https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=UmaRUgNu574","2026-06-09T12:27:42+05:30",{"first":180,"last":181,"prev":107,"next":182},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=1","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=997","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=2",{"current_page":110,"from":110,"last_page":184,"links":185,"path":213,"per_page":110,"to":110,"total":184},997,[186,187,188,189,191,193,195,197,199,201,203,205,206,210,212],{"url":107,"label":114,"page":107,"active":115},{"url":180,"label":117,"page":110,"active":118},{"url":182,"label":120,"page":121,"active":115},{"url":190,"label":124,"page":125,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=3",{"url":192,"label":128,"page":129,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=4",{"url":194,"label":132,"page":133,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=5",{"url":196,"label":136,"page":137,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=6",{"url":198,"label":140,"page":141,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=7",{"url":200,"label":144,"page":145,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=8",{"url":202,"label":148,"page":149,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=9",{"url":204,"label":152,"page":153,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=10",{"url":107,"label":155,"active":115},{"url":207,"label":208,"page":209,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=996","996",996,{"url":181,"label":211,"page":184,"active":115},"997",{"url":182,"label":163,"page":121,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos",{"data":215,"links":228,"meta":229},[216,217,218,219,220,221,222,223,224,225,226,227],{"title":33,"slug":34,"excerpt":35,"imageUrl":36,"publishedAt":37,"author":13,"category":14},{"title":39,"slug":40,"excerpt":41,"imageUrl":42,"publishedAt":43,"author":13,"category":14},{"title":45,"slug":46,"excerpt":47,"imageUrl":48,"publishedAt":49,"author":13,"category":14},{"title":51,"slug":52,"excerpt":53,"imageUrl":54,"publishedAt":55,"author":13,"category":14},{"title":57,"slug":58,"excerpt":59,"imageUrl":60,"publishedAt":61,"author":13,"category":14},{"title":63,"slug":64,"excerpt":65,"imageUrl":66,"publishedAt":67,"author":13,"category":14},{"title":69,"slug":70,"excerpt":71,"imageUrl":72,"publishedAt":73,"author":13,"category":14},{"title":75,"slug":76,"excerpt":77,"imageUrl":78,"publishedAt":79,"author":13,"category":14},{"title":81,"slug":82,"excerpt":83,"imageUrl":84,"publishedAt":85,"author":13,"category":14},{"title":87,"slug":88,"excerpt":89,"imageUrl":90,"publishedAt":91,"author":13,"category":14},{"title":93,"slug":94,"excerpt":95,"imageUrl":96,"publishedAt":97,"author":13,"category":14},{"title":99,"slug":100,"excerpt":101,"imageUrl":102,"publishedAt":103,"author":13,"category":14},{"first":105,"last":106,"prev":107,"next":108},{"current_page":110,"from":110,"last_page":111,"links":230,"path":164,"per_page":165,"to":165,"total":166},[231,232,233,234,235,236,237,238,239,240,241,242,243,244,245],{"url":107,"label":114,"page":107,"active":115},{"url":105,"label":117,"page":110,"active":118},{"url":108,"label":120,"page":121,"active":115},{"url":123,"label":124,"page":125,"active":115},{"url":127,"label":128,"page":129,"active":115},{"url":131,"label":132,"page":133,"active":115},{"url":135,"label":136,"page":137,"active":115},{"url":139,"label":140,"page":141,"active":115},{"url":143,"label":144,"page":145,"active":115},{"url":147,"label":148,"page":149,"active":115},{"url":151,"label":152,"page":153,"active":115},{"url":107,"label":155,"active":115},{"url":157,"label":158,"page":159,"active":115},{"url":106,"label":161,"page":111,"active":115},{"url":108,"label":163,"page":121,"active":115},{"id":107,"src":247,"path":169,"track_path":107,"alt":170,"raw":171,"ts":248},"\u002Fimages\u002Fassets\u002Fside_top.jpg",1781067752]