Support and Resistance Levels
Past performance
About Elgi Equipments Ltd Elgi Equipments Limited, founded in 1960 and publicly listed since 1975, is a key player in the air compressor manufacturing and trading sector, headquartered in Coimbatore, India. Initially focused on garage equipment, the company has expanded its product offerings through strategic collaborations with international firms, incorporating advanced technologies like oil-free air compressors and centrifugal compressors. Elgi's operations span globally with significant presence in the USA, Europe, and the Middle East, despite challenges in Asian markets and restructuring efforts in China and France.
The company has invested heavily in modernization, including a Rs 40 crore upgrade of its manufacturing facilities and significant capital expenditure to enhance its production capabilities. Elgi has also executed strategic acquisitions, such as Ergo Design and Pulford Air & Gas, to bolster its market position. In recent years, Elgi has focused on digital transformation and expanding its distribution network, including ventures like Industrial Air Solutions LLP and Michigan Air Solutions, to boost its market share and operational efficiency.