Elgi Equipments (Mid Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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ELGI Equipments Limited |
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Price: ₹596.00 | ||
| 52 Week Low: ₹503.10 52 Week High: ₹798.95 |
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| Market Capital: 17,710.61 Crore (Midcap) | |||
| Industrials -> Specialty Industrial Machinery | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Elgi Equipments Share Price Target For 2024
- 1.1.1: Elgi Equipments Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Elgi Equipments Share Price Target For 2025
- 1.2.1: Elgi Equipments Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Elgi Equipments Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Elgi Equipments Brief Company Overview
- 4: Elgi Equipments Financial Performance
- 4.0.1: Is Elgi Equipments A Good Buy For Long Term?
To predict the Elgi Equipments's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Elgi Equipments Share Price Target For 2024
The line chart displays the monthly closing prices of Elgi Equipments with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Elgi Equipments shares in 2024, see the table below.
Elgi Equipments Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 621.4 (+4.26%) | Price Action: 24 Oct 2024 Low |
| 2024 Target 2 | 615.15 (+3.21%) | Price Action: Jan 2024 High |
| 2024 Target 1 | 609.0 (+2.18%) | Price Action: 12 Dec 2024 Low |
| Current Price | 596.00 | Elgi Equipments's share price as of 20 Dec 2024 |
| Stop Loss 1 | 591.54 (-0.75%) | Price Action: Aug 2024 Low |
| Stop Loss 2 | 582.95 (-2.19%) | Price Action: Apr 2024 Low |
| Stop Loss 3 | 574.82 (-3.56%) | Price Action: Mar 2024 Low |
Short-Term Technical Outlook
Current Technical Position: Elgi Equipments is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 25-day moving average at ₹614.79 serves as the nearest technical reference point.
Historical Returns: 3-month: -12.31% | 6-month: -16.79% | 1-year: +9.78%
Elgi Equipments Share Price Target For 2025
The line chart displays the monthly closing prices of Elgi Equipments with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Elgi Equipments shares in 2025, see the table below.
Elgi Equipments Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 811.69 (+36.18%) | Price Action: Chart |
| 2025 Target 2 | 796.56 (+33.65%) | Fibonacci Extension Level 100.00% |
| 2025 Target 1 | 788.49 (+32.29%) | Fibonacci Extension Level 64.90% |
| Current Price | 596.00 | Elgi Equipments's share price as of 20 Dec 2024 |
| Stop Loss 1 | 552.34 (-7.33%) | Price Action: Dec 2023 High |
| Stop Loss 2 | 546.8 (-8.26%) | Price Action: Nov 2024 Low |
| Stop Loss 3 | 539.28 (-9.52%) | Price Action: Nov 2023 High |
Long-Term Technical Outlook
52-Week Range Analysis: Elgi Equipments is currently trading at 31.4% of its 52-week range (₹503.1 - ₹798.95).
Long-Term Trend Analysis: The stock is in a bearish long-term trend, trading below key long-term moving averages.
Long-Term Performance: 1-year: +9.78% | 3-year: +101.85% | 5-year: +386.57%
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Approach 2: Machine Learning By Studying Historical Prices
Elgi Equipments Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹596.00 | ||
| 2024 | ₹679.14 | +13.95% | ₹689.33 |
| 2025 | ₹646.56 | -4.80% | ₹700.85 |
| 2026 | ₹653.57 | +1.08% | ₹702.89 |
| 2027 | ₹678.93 | +3.88% | ₹689.11 |
| 2028 | ₹669.88 | -1.33% | ₹704.93 |
| 2029 | ₹687.06 | +2.56% | ₹706.97 |
| 2030 | ₹654.07 | -4.80% | ₹709.01 |
| 2031 | ₹661.15 | +1.08% | ₹711.05 |
| 2032 | ₹686.78 | +3.88% | ₹697.08 |
| 2033 | ₹677.61 | -1.34% | ₹713.08 |
| 2034 | ₹694.97 | +2.56% | ₹715.12 |
| 2035 | ₹661.59 | -4.80% | ₹717.16 |
| 2036 | ₹668.73 | +1.08% | ₹719.20 |
| 2037 | ₹694.64 | +3.87% | ₹705.06 |
| 2038 | ₹685.35 | -1.34% | ₹721.24 |
| 2039 | ₹683.96 | -0.20% | ₹723.28 |
Note: Target 1 and Target 2 represent price levels that the stock is most likely to achieve during the respective year, based on machine learning algorithms analyzing historical price patterns and market behavior. These predictions are generated through comprehensive analysis of the stock's historical data using advanced ML models.
Elgi Equipments Brief Company Overview
Elgi Equipments Limited: A Pioneer in Compressed Air Solutions Elgi, founded in 1960, is a renowned manufacturer and distributor of air compressors and related components. Key Products and Services Screw and piston compressors Oil-free...
compressors Portable air compressors Medical air compressors Compressor parts, fluids, and services Automotive garage equipment Vacuum pumps for medical applications Design services Global Presence Elgi's products cater to diverse industries in India, Europe, Australia, the United States, and beyond. Reputation and Commitment Elgi has earned an industry-wide reputation for quality and innovation. The company remains committed to meeting the evolving needs of its customers.Elgi Equipments Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 17,710.61 Crore | Market valuation of Elgi Equipments's shares. |
| Revenue (TTM) | 3,357.69 Crore | Total revenue generated by Elgi Equipments over the past twelve months. |
| Net Income (TTM) | +3,276,839,936.00 | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +14.12% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +9.75% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+7.80% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
+3.80% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
30.26 | Company's total debt divided by total shareholder equity. |
| Total Debt | 521.44 Crore | Sum of Elgi Equipments's current & long-term financial obligations. |
| Total Cash | 643.4 Crore | Total amount of liquid funds available to Elgi Equipments. |
| Beta | 0.64 | Beta is less than 1 indicating that the Elgi Equipments's price is less volatile than the market. |
Is Elgi Equipments A Good Buy For Long Term?
Elgi Equipments, a mid-cap stock with a market capitalization of ₹17,710.61 crore, shows mixed signals. While its 5-year return of 329.66% is impressive, recent performance is less stellar, with a 3-month return of -18.88%. The Q2 2024-25 report reveals a healthy cash balance (₹643.4 crore) exceeding debt (₹521.44 crore) and a decent profit margin of 9.75%. However, considering the recent negative returns, it's currently an average buy for long-term investors. Further analysis is needed before considering a strong buy recommendation.
Disclaimer: The information provided on this page is for educational purposes only and should not be considered as financial advice. Historical performance data and technical analysis cannot guarantee future results. Stock investments are subject to market risks. Please consult with a qualified financial advisor before making any investment decisions.
All stock data shown is sourced from publicly available information and while we strive for accuracy, we cannot guarantee the absolute accuracy of all figures. Users should verify critical information from official sources before making investment decisions.
