Elgi Equipments (ELGIEQUIP) Share Price Falls 2.44% Today at Rs 622.95
- September 9, 2026
- Posted by: Harsh Piplani
- Category: News
Elgi Equipments Share Price fell to Rs 622.95 on 09 September 2026, down 2.44% for the day, taking the company’s market capitalisation to Rs 20,355.07 crore. Elgi Equipments Share Price Today has drawn attention because the stock moved lower from the previous close of Rs 638.55 even as it remains a Large Cap name within the Capital Goods space.
Today’s decline matters because the verified data confirms a meaningful intraday slide, with the stock opening at Rs 640.00, touching a high of Rs 645.85 and slipping to a low of Rs 621.90 before trading near that lower band. The supplied data confirms the price event, but it does not establish a company-specific catalyst for why Elgi Equipments Share Price is falling today. That makes the move relevant for market participants tracking price action, valuation and sector positioning together.
For investors following Elgi Equipments Stock News and Elgi Equipments Share News, the key things to monitor next are whether the stock holds above its medium-term averages, how its premium valuation compares with industry norms, and whether profitability metrics continue to justify investor attention. Univest tracks this move as part of a broader market update on stocks in news.
Elgi Equipments (ELGIEQUIP) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 622.95 |
| Previous Close | Rs 638.55 |
| Today's Move | -Rs 15.60 (-2.44%) |
| Open | Rs 640 |
| High | Rs 645.85 |
| Low | Rs 621.9 |
| Turnover | Rs 2.59 crore |
| Market Capitalisation | Rs 20,355.07 crore |
| Market Cap Category | Large Cap |
Elgi Equipments Share Price Today reflects a session that weakened after a firm start. The stock opened at Rs 640.00 against the previous close of Rs 638.55, which initially suggested stability, but intraday price action turned softer as the share price moved between Rs 645.85 on the upside and Rs 621.90 on the downside. By the latest update, the stock was at Rs 622.95, down Rs 15.60 or 2.44%.
This means the day’s trade covered a relatively wide range of Rs 23.95, and the closing zone of the move was much closer to the day low than the day high. That pattern usually signals that sellers had the upper hand through the session, even though the stock did not open with a sharp gap down. Turnover stood at Rs 2.59 crore, indicating that the move was notable enough to attract attention in a Large Cap counter. For readers looking up Elgi Equipments Share Price Live or Elgi Equipments Share Price Update, the verified takeaway is straightforward: the stock gave up ground through the session and finished materially below both its open and previous close. The next step is to see whether the broader technical setup still looks supportive.
Elgi Equipments (ELGIEQUIP) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 20,355.07 crore |
| P/E Ratio | 45.18x |
| P/B Ratio | 8.71x |
| ROE | 21.09% |
| ROCE | 24.39% |
| EPS | Rs 14.13 |
| Book Value Per Share | Rs 73.28 |
| Dividend Yield | 0.42% |
Elgi Equipments Fundamental Analysis shows a company with meaningful scale but also a valuation that asks for continued execution. At the current price, Elgi Equipments Market Cap stands at Rs 20,355.07 crore, making it the largest company in the supplied same-industry benchmark set. The stock trades at a P/E ratio of 45.18 and a P/B ratio of 8.71, both important markers for anyone reviewing Elgi Equipments Stock Analysis after today’s decline.
On profitability, return ratios remain healthy. ROE is 21.09%, while ROCE is 24.39%, suggesting the business has been generating solid returns on shareholder equity and capital employed. EPS stands at 14.13, which represents earnings attributable to each share. Book value per share is Rs 73.28, showing the accounting net worth behind each share, and the dividend yield is 0.42, which reflects the historical payout relative to the current market price.
These figures create a balanced picture. Elgi Equipments Share Price Fall comes despite robust return ratios, but the valuation multiples remain elevated enough to keep scrutiny high. For Univest readers tracking Elgi Equipments Earnings and company financials, the question is not just profitability, but whether those returns continue to support premium multiples relative to industry peers.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Capital Goods |
| Industry | Compressors / Pumps |
| Benchmark Scope | same industry |
| Company P/E Ratio | 45.18x |
| Benchmark Median P/E | 36.87x |
| Benchmark Average P/E | 46.48x |
| Benchmark P/E Range | 7.2x to 185.29x |
| Company P/B Ratio | 8.71x |
| Benchmark Median P/B | 4.94x |
| Benchmark Average P/B | 5.42x |
| Company ROE | 21.09% |
| Benchmark Median ROE | 16.2% |
| Benchmark Average ROE | 19.91% |
| Company ROCE | 24.39% |
| Benchmark Median ROCE | 20.48% |
| Benchmark Average ROCE | 24.61% |
| Company Market Capitalisation | Rs 20,355.07 crore |
| Benchmark Median Market Cap | Rs 4,248.68 crore |
| Benchmark Average Market Cap | Rs 6,561.68 crore |
Elgi Equipments operates in Capital Goods within the Compressors / Pumps industry, and the same-industry benchmark helps explain how the market is valuing the stock after today’s decline. The company’s P/E of 45.18 sits above the industry median of 36.87 but slightly below the industry average of 46.48, across 15 companies. That places Elgi Equipments Share Price in the upper half of the industry valuation range, though not at an extreme when compared with the maximum P/E of 185.29.
The P/B ratio of 8.71 is also above the industry median of 4.94 and the average of 5.42, which indicates the market assigns the company a richer balance-sheet multiple than many peers. Profitability offers some support for that. Elgi’s ROE of 21.09% is above the benchmark median of 16.20% and also above the average of 19.91%. ROCE of 24.39% is above the median of 20.48% and only marginally below the average of 24.61%.
Scale is another differentiator. With a market capitalisation of Rs 20,355.07 crore, Elgi Equipments is above the benchmark average of Rs 6,561.68 crore and the median of Rs 4,248.68 crore, and it matches the maximum end of the supplied market-cap range. For readers following Elgi Equipments Latest News and sector analysis on Univest, today’s price fall is happening in a stock that remains one of the biggest and more premium-valued names in its industry.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| Ingersoll-Rand (India) | INGERRAND | 14,972.07 | 55.97 | 22 | 42.1 | 56.31 |
| Kirloskar Brothers | KIRLOSBROS | 14,552.48 | 39.44 | 5.82 | 15.86 | 19.79 |
| KSB | KSB | 13,927.49 | 58.42 | 8.45 | 17.1 | 22.98 |
| Kirloskar Pneumatic Company | KIRLPNU | 9,872.46 | 36.87 | 7.62 | 21.84 | 28.95 |
| Dynamatic Technologies | DYNAMATECH | 7,865.95 | 185.29 | 9.65 | 4.29 | 8.88 |
Peer comparison shows Elgi Equipments sits in a middle zone between premium valuation and comparatively strong profitability. Its P/E of 45.18 is higher than Kirloskar Brothers at 39.44 and Kirloskar Pneumatic at 36.87, but lower than Ingersoll-Rand (India) at 55.97, KSB at 58.42 and far below Dynamatic Technologies at 185.29. That suggests Elgi is not the cheapest stock in the group, but it is also not the most aggressively valued.
On return metrics, Elgi’s ROE of 21.09% is stronger than Kirloskar Brothers at 15.86%, KSB at 17.10% and Dynamatic Technologies at 4.29%, while sitting just below Kirloskar Pneumatic at 21.84% and well below Ingersoll-Rand (India) at 42.10%. ROCE of 24.39% follows a similar pattern: ahead of Kirloskar Brothers, KSB and Dynamatic Technologies, but below Kirloskar Pneumatic and Ingersoll-Rand (India).
Size also stands out. Elgi’s market cap of Rs 20,355.07 crore is larger than Ingersoll-Rand (India) at Rs 14,972.07 crore, Kirloskar Brothers at Rs 14,552.48 crore, KSB at Rs 13,927.49 crore, Kirloskar Pneumatic at Rs 9,872.46 crore and Dynamatic Technologies at Rs 7,865.95 crore. From a Univest perspective, that combination makes Elgi Equipments Share Price notable: it carries scale leadership, above-median profitability and a valuation premium that investors continue to test against peers.
Why Investors Are Watching Elgi Equipments
- The stock declined 2.44% to Rs 622.95, with the day low at Rs 621.90 and turnover at Rs 2.59 crore.
- RSI is 59.35, which places momentum in the broadly neutral-to-strong zone rather than an outright weak setup.
- The stock remains above its 50-day moving average of Rs 611.42 and well above its 200-day moving average of Rs 549.58.
- P/E at 45.18 and P/B at 8.71 are above industry medians, so valuation remains a major part of the Elgi Equipments Share Price discussion.
- ROE of 21.09% and ROCE of 24.39% show profitability that is stronger than several listed peers in Compressors / Pumps.
About Elgi Equipments
Elgi Equipments is part of the Capital Goods sector and operates in the Compressors / Pumps industry. Based on the supplied classification, the company is positioned in an industrial equipment segment that is commonly tracked alongside listed peers such as Ingersoll-Rand (India), Kirloskar Brothers, KSB and Kirloskar Pneumatic Company. Its market capitalisation of Rs 20,355.07 crore makes it the largest company in the provided same-industry comparison set, which is one reason Elgi Equipments Company News and Elgi Equipments Stock Performance receive close market attention.
Track Elgi Equipments Share Price on Univest
UseElgi Equipments (ELGIEQUIP) live share-price page,Univest top decliners screener,Univest market blogsto review live stock data, top decliners and related market analysis.
On Univest, users can track Elgi Equipments Share Price, Elgi Equipments Share Price Today and broader Elgi Equipments Stock News in one place. The platform helps investors follow live share price moves, key fundamental ratios such as P/E, P/B, ROE, ROCE, EPS and book value, along with 50-day and 200-day moving averages, RSI trends, 52-week levels and peer comparisons for deeper market context.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did Elgi Equipments Share Price fall today?
Ans. Elgi Equipments Share Price fell 2.44% to Rs 622.95 from the previous close of Rs 638.55. The supplied data confirms the decline and intraday weakness, but it does not establish a company-specific catalyst for today’s move.
What is Elgi Equipments Share Price Today?
Ans. Elgi Equipments Share Price Today is Rs 622.95. The stock opened at Rs 640.00, touched a high of Rs 645.85 and a low of Rs 621.90, before trading close to the lower end of the session range.
Is Elgi Equipments expensive compared with its industry?
Ans. Elgi Equipments trades at a P/E of 45.18 versus the same-industry median of 36.87 and average of 46.48. Its P/B of 8.71 is also above the industry median of 4.94 and average of 5.42.
How strong are Elgi Equipments profitability ratios?
Ans. The company’s ROE is 21.09% and ROCE is 24.39%. Both are above the industry medians of 16.20% and 20.48%, respectively, showing stronger profitability than many peers in the Compressors / Pumps industry.
What is the market capitalisation of Elgi Equipments?
Ans. Elgi Equipments has a market capitalisation of Rs 20,355.07 crore. That makes it the largest company in the supplied same-industry benchmark, ahead of peers such as Ingersoll-Rand (India), Kirloskar Brothers and KSB.
What do EPS, book value and dividend yield show for Elgi Equipments?
Ans. EPS stands at 14.13, book value per share is Rs 73.28 and dividend yield is 0.42. Together, these figures show earnings per share, accounting net worth behind each share and the historical payout relative to price.
How does Elgi Equipments compare with major peers?
Ans. Elgi Equipments sits between lower-valued peers like Kirloskar Pneumatic and higher-valued names like KSB and Ingersoll-Rand (India). Its ROE and ROCE are stronger than several peers, while its market capitalisation is the largest in the set.
What should investors monitor next in Elgi Equipments Stock News?
Ans. Investors can watch whether the stock holds above Rs 611.42, its 50-day moving average, and how the valuation premium evolves against industry averages. Profitability ratios, sector positioning and daily price action also remain important markers.
