Elgi EquipmentsBOM:522074 -2.55%95 Quick Ratio is 1.49 as of Mar. 2026, which is 41% above its 10-year median of 1.06. GuruFocus rates BOM:522074 with a GF Score™ of 95/100 and a GF Value™ of ₹671.41 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 3,069 Industrial Products companies, Elgi Equipments ranks better than 54.19% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Elgi Equipments's quick ratio for the quarter that ended in Mar. 2026 was 1.49.
Elgi Equipments has a quick ratio of 1.49. It generally indicates good short-term financial strength.
The historical rank and industry rank for Elgi Equipments's Quick Ratio or its related term are showing as below:
BOM:522074'
s Quick Ratio Range Over the Past 10 Years
Min: 0.88 Med: 1.06 Max: 1.54
Current: 1.49
During the past 13 years, Elgi Equipments's highest Quick Ratio was 1.54. The lowest was 0.88. And the median was 1.06.
BOM:522074's Quick Ratio is ranked better than 54.19% of 3069
companies
in the Industrial Products industry
Industry Median: 1.39
vs BOM:522074: 1.49
Elgi Equipments (BOM:522074) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Elgi Equipments Quick Ratio Related Terms
Elgi Equipments Quick Ratio Historical Data
* Premium members only.
The historical data trend for Elgi Equipments's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:522074 vs GEV, ETN, PH: Quick Ratio Comparison
For the Specialty Industrial Machinery subindustry, Elgi Equipments's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Elgi Equipments Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elgi Equipments's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Elgi Equipments's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Elgi Equipments's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Elgi Equipments (BOM:522074) has a Quick Ratio of 1.49 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Elgi Equipments and its competitors. This is 41% above median its historical median of 1.06. Over the past decade, Elgi Equipments' Quick Ratio has ranged from 0.88 to 1.54. According to the industry distribution chart, Elgi Equipments ranks #1406 out of 3069 companies in the Industrial Products industry, placing it in the top 45.8%.
Is Elgi Equipments' Quick Ratio too high?
Elgi Equipments' current Quick Ratio of 1.49 is 41% above median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 1.54. The Industrial Products industry median Quick Ratio is 1.39. Elgi Equipments' value of 1.49 is 7.2% above this industry median. Based on the distribution chart, Elgi Equipments ranks #1406 out of 3069 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Elgi Equipments has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elgi Equipments' Quick Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Elgi Equipments ranks #1406 out of 3069 companies for Quick Ratio. This puts Elgi Equipments in the upper half of its industry. The industry median Quick Ratio is 1.39. Elgi Equipments' value of 1.49 is 7.2% above this benchmark. Historically, Elgi Equipments' own Quick Ratio has ranged from 0.88 to 1.54 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 1.39, Elgi Equipments has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for an Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.39, based on 3,069 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elgi Equipments's current Quick Ratio of 1.49 is 7.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Elgi Equipments and its competitors. For the Industrial Products industry, the median Quick Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elgi Equipments's current Quick Ratio is 1.49, which is 41% above median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elgi Equipments stock overvalued right now?
Based on GuruFocus' analysis, Elgi Equipments (BOM:522074) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹671.41, compared to a current price of ₹575.10 — trading 14.3% below its estimated fair value. The current Quick Ratio is 1.49, which is 41% above median its 10-year median of 1.06 and 7.2% above the Industrial Products industry median of 1.39. Elgi Equipments' overall GF Score™ is 95/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Elgi Equipments (BOM:522074), the current Quick Ratio is 1.49 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Elgi Equipments (BOM:522074) Overvalued in 2026?
Based on GuruFocus' analysis, Elgi Equipments stock appears to be undervalued.
The current stock price of ₹575.10 is trading 14.3% below its estimated GF Value™ of ₹671.41.
GuruFocus considers Elgi Equipments to be Modestly Undervalued.
Key valuation signals for BOM:522074:
Quick Ratio: 1.49 (41% above median its 10-year median of 1.06)
GF Value™: ₹671.41 vs. price of ₹575.10 (14.3% below fair value)
Industry Position: 7.2% above the Industrial Products median (#1406 of 3069)
No single metric tells the full story. See the BOM:522074 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elgi Equipments Ltd manufactures air compressors and compressed air systems. The segment in which the group operates includes Air Compressors and Automotive Equipment. Its products include piston compressors, electric lubricated screw compressors, electric oil-free screw compressors, portable compressors, railway compressors, and air accessories. Geographically, it derives a majority of its revenue from India and also has a presence in the United States of America, Italy, Australia, and other countries. It serves the Textile; Manufacturing; Automotive; Agriculture and Construction industries.
95GF Score
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