Elgi Equipments Limited · NSE:ELGIEQUIP
Elgi Equipments — Investor Day (February 2026)
72 slides from Elgi Equipments's investor day presentation, Feb 26, 2026
Slide 1: Presentation of Annual Analyst/Investor Meeting 2026 filing letter
February 26, 2026 Na onal Stock Exchange of India Limited (NSE) BSE Limited (BSE) Exchange Plaza, Phiroze Jeejeebhoy Towers, C-1, Block G Bandra Kurla Complex Dalal Street, Fort, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 NSE Symbol: ELGIEQUIP BSE Scrip Code: 522074 Dear Madam/ Sir, Subject: Pres
Slide 2: Investors & Analysts Meet 2026
INVESTORS & ANALYSTS MEET 2026
Slide 3: Disclaimer
Disclaimer This presentation includes forward-looking information, ▪ Business risks associated with the volatile global economic including statements concerning the outlook for our business. environment and political conditions; These statements are based on current expectations, ▪ Costs associated
Slide 4: 2025–26: A Year of Steady Momentum and Strategic Progress for ELGi
A red background with a red wave AI-generated content may be incorrect. Logo, icon Description automatically generated 2025–26: A Year of Steady Momentum and Strategic Progress for ELGi 2025–26: A Year of Steady Momentum and Strategic Progress for ELGi
Slide 5: Company Profile
Company Profile Dr. Jairam Varadaraj, Managing Director
Slide 6: Company Profile Quick Facts
Company Profile Quick Facts 400+ Distributors Worldwide 2000+ Employees Worldwide 2Mn+ Compressors 5Mn + Sq.ft. Future-Ready Manufacturing Facilities US$415 Mn * Annual Revenue FY 25 *@INR 84.6 US$ Copyright © ELGI EQUIPMENTS LIMITED 2026 | All Rights Reserved 5
Slide 7: ELGi Purpose and Values
ELGi Purpose and Values Our North Star: Conscience in Action Original NEW, REFRESHED VALUES Set of ELGi Values • QUALITY • INTEGRITY • COLLABORATION BE TRUST OWN BE • SENSITIVITY SENSITIVE STAKEHOLDERS OUTCOMES THOROUGH • INNOVATION • COST PRUDENCE • SPEED COLLABORATE RAISE RESPOND THE BAR QUICKLY C
Slide 8: Global Presence
Global Presence 120+ Countries where ELGi does business 28 Countries with direct presence 3 Countries with manufacturing presence Copyright © ELGI EQUIPMENTS LIMITED 2026 | All Rights Reserved 7
Slide 9: Subsidiary Companies and Joint Ventures
Subsidiary Companies and Joint Ventures Subsidiary Companies (Acquired) Joint Ventures PATTONS OF CALIFORNIA Technical Licensing Agreement ELGi has entered into a multi-year technology licensing agreement with D.V.P. Vacuum Technology S.p.A., Italy to manufacture, assemble, test, and sell D.V.P.'s p
Slide 10: ELGi Leadership
ELGi Leadership Jairam Varadaraj Anvar Jay Varadaraj Gaurav Gupta Bhavesh Karia Brian Pahl Chris Ringlstetter Managing Director Chief Operating Officer Chief Information and Digital Executive President – President – USA President - Europe CORPORATE Officer ISAAME & SEA BUSINESS Indranil Sen Nitesh J
Slide 11: History
History
Slide 12: 65 Years of Global Transformation
65 Years of Global Transformation Establishment of Becomes a public Indigenizes the Receives the ISO Introduces new Elgi Equipments limited company manufacture of rotary 9001 certification generation oil free screw compressors screw air compressor 1960 1975 1983-88 1997 2000 Develops the world's Lau
Slide 13: 65 Years of Global Transformation
65 Years of Global Transformation Acquires Pulford Air and • Wins Deming Prize. • Launches LD Series direct Launches PG 1250 Launches electric-powered Gas, a Sydney-based • Launches AB Series at Hannover drive piston compressor. portable compressors PG 110E -13.5, and the distribution company for Me
Slide 14: 5+ Million Sq. Ft. of Future-ready Manufacturing
Global Manufacturing Footprint 5+Million Sq. Ft. of “Future-ready” Manufacturing Facilities Copyright © ELGI EQUIPMENTS LIMITED 2026 | All Rights Reserved 13
Slide 15: Global Manufacturing Footprint
Global Manufacturing Footprint Complex Precision Efficient Castings Machining Drives ELGi Foundry 3 state-of-the-art State-of-the-art Produces high manufacturing units in motor manufacturing precision grey and the world with high plant to produce SG iron castings standards of quality highly efficien
Slide 16: Deming Award for Quality
Deming Award for Quality ELGi is the first, globally established ⊙ 2019 Deming Award for Total industrial air Quality Management (TQM) compressor ⊙ ELGi is one of 251 manufacturer to have won the Deming Prize organizations globally to have in over seven decades won the Deming Prize Copyright © ELGI E
Slide 17: Product offerings
Product offerings
Slide 18: Compressed Air Solutions for all Industrial Applications
Compressed Air Solutions for all Industrial Applications Automotive Textiles Pharma Rice and Pulse Leather Food & Beverage Healthcare Electronics Paper Manufacturing Oil & Gas Iron & Steel Mining Nuclear Plant Electrical Aviation Railways Construction Copyright © ELGI EQUIPMENTS LIMITED 2026 | All R
Slide 19: Air Compressors across the Spectrum
Air Compressors across the Spectrum Product Portfolio EN Series EG Series Encapsulated Screw Oil Lubricated Screw Air Air Compressor Compressor 2.2 - 15 kW 11 - 250 kW 8.7 – 72.4 cfm 17 - 1540 cfm EQ Series EG SP Series Oil Lubricated Screw Air Oil Lubricated Screw Air Compressor Compressor 11 - 45
Slide 20: Air Compressors across the Spectrum
Air Compressors across the Spectrum Product Portfolio OF Series AB Series Oil Free Screw Oil Free Screw Air Compressor Air Compressor 45 - 450 kW 11 - 110 kW 175 - 2518 cfm 29 - 560 cfm PG Series PG Series Diesel Electric Diesel Powered Screw Electric Portable Screw Compressor Compressor 185 - 1500
Slide 21: Air Compressors across the Spectrum
Air Compressors across the Spectrum Product Oil Free Oil Lubricated Portfolio Recip Recip Oil Lubricated Piston Oil Free Piston Compressor Compressor 1 - 30 hp 0.75 - 30 hp 14.5 - 90 cfm 2 - 128 cfm Air accessories ▪ Variable Frequency Drives CG Series ▪ Receivers Centrifugal Compressor ▪ Dryers ▪ D
Slide 22: Oil Free Piston Air Compressors for Railways
Key Product: Oil Free Piston Air Compressors for Railways: Metros, EMU’s and Locomotives Product RR20 100 OF Portfolio 1750 lpm; 10 bar (g) 20 kW RS25 100 RR10 100 OF 900 lpm; 10 bar (g) 2000 lpm; 10 bar (g) 10 kW 18.5 kW Copyright © ELGI EQUIPMENTS LIMITED 2026 | All Rights Reserved 21
Slide 23: Airmate Air Accessories
Airmate Air Accessories 1. UPTIME Manager 2. Remote-Central Control 3. Moisture Separator 4. Airmate Receiver Wet 5. Airmate Filter-Pre Coalescing 6. AR P Refrigeration Dryer 7. Airmate Filter – Fine Coalescing 8. Airmate Filter- Carbon 9. Airmate Receiver Dry 10. Drain Valve 11. Heat Recovery Syste
Slide 24: Sales Performance - Region wise
Sales Performance - Region wise Mr. Anvar Jay Varadaraj, Executive Director
Slide 25: ISAAME | Sales Performance (INR Mn)
ISAAME | Sales Performance (INR Mn) FY22 FY23 FY24 FY25 FY26 8% E What went well CAGR 12% ▪ Improved our market share in segments like Construction, Railways and Industrials as well as notable revenue rise in SAAME 19,953 region. ▪ New product launches like Demand Match 18,036 enabled higher price a
Slide 26: North America | Sales Performance (INR Mn)
North America | Sales Performance (INR Mn) FY22 FY23 FY24 FY25 FY26 E What went well ▪ Increased market share and channel CAGR 10% coverage for the industrial division with record revenue ▪ Achieved record revenue for Pattons Medical, our Medical Air and Gas division. ▪ Consolidated operations acros
Slide 27: Europe | Sales Performance (INR Mn)
Europe | Sales Performance (INR Mn) FY22 FY23 FY24 FY25 FY268% E What went well ▪ Restructured Europe organization to reduce CAGR 13% cost and allocate resources to direct sales. ▪ Record revenue in Spain. 3,966 4,094 What did not work well 3,692 ▪ Continued macro-economic headwinds in 3,326 focus m
Slide 28: Australia | Sales Performance (INR Mn)
Australia | Sales Performance (INR Mn) FY22 FY23 FY24 FY25 FY26 E What went well ▪ Increased market share despite market 8% CAGR 6% downturn. ▪ Onboarded new distributors to expand physical presence ▪ Reduced fixed costs in channel vertical 1,546 1,580 1,572 1,529 What did not work well 1,239 ▪ Fail
Slide 29: Oil Lubricated Screw Compressors: Industry-wise Volume
Oil Lubricated Screw Compressors: Industry-wise Volume Others 19% General Engineering (Fabrication, Wood work, etc.) General 30% Engineering, Glass, Fiber, & Ceramics Food processing, Power Plants 1% Paper & Pulp and Chemicals 1% 1% are top 3 end- Medical & Related 1% Cement 2% use industries consti
Slide 30: Oil Free Screw Compressors: Industry-wise Volume
Oil Free Screw Compressors: Industry-wise Volume Others (Gas generation, Indirect Exports, etc.) 11% Cement Pharma Auto 1% 25% 4% Pharma, Power Chemical (Plastics, Industrial chemicals) plants, and Food 5% & Beverage are top 3 end-use Iron & Steel 5% industries constituting 2/3rd demand Semiconuctor
Slide 31: Portable Compressors: Industry-wise Volume
Portable Compressors: Industry-wise Volume Mining 22% Construction & Mining, and Water well are the end-use industries constituting Construction 57% entire demand for portable1) 21% compressors in Waterwell India Source: Internal analysis 1) Oil lubricated Copyright © ELGI EQUIPMENTS LIMITED 2026 |
Slide 32: Business Performance
Business Performance Mr. Indranil Sen, Chief Financial Officer
Slide 33: Revenue (INR Mn)
Revenue (INR Mn) Across all Regions Act FY25 Est FY26 35104 38800 @USD INR 84.6 @USD INR 88.2 Revenue Growth Growth % 3695 11% ISAAME North America Europe Australia ATS Growth % Growth % Growth % Growth % Growth % 11% 14% 3% 3% 11% Copyright © ELGI EQUIPMENTS LIMITED 2026 | All Rights Reserved 32
Slide 34: Sales Performance (INR Mn)
Sales Performance (INR Mn) FY22 FY23 FY24 FY25 FY26 8% CAGR 11% 38,800 35,102 32,178 30,407 India Standalone 47% Foreign Subsidiaries 25,247 47% 40% 46% Auto Equipment 45% 44% 44% 52% 46% 47% 8% 8% 8% 9% 9% Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved 33
Slide 35: EBITDA (INR Mn)
EBITDA (INR Mn) FY22 FY23 FY24 FY25 FY26 E 15% 15% 5,652 15% 14% 5,250 4,860 4,328 12% Europe Expansion 2,923 India Standalone 73% 82% 82% 83% Foreign Subsidiaries Auto Equipment 83% 34% 28% 19% 11% 12% 6% 6% 6% 6% 6% -7% 0% 0% -18% -12% Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved
Slide 36: Net Debt / Cash (INR Mn)
Net Debt / Cash (INR Mn) Mar 22 Mar 23 Mar-24 Mar-25 Mar-26 E Mar 2025 – Mar 2026 E Major movements Cash Profit +5646 Net Working capital -102 6,500 Dividend 4,188 -670 2,140 Tax 598 -1526 (920) Capex -1402 *Unaudited Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved 35
Slide 37: Strategic Business Plan
Strategic Business Plan Mr. Premendra, Chief Strategy Officer
Slide 38: Air Compressor Market: Global vs ELGi (USD mn)
Air Compressor Market: Global vs ELGi (USD mn) Global Air Compressor Market Size ELGi Operating Revenue 8% CAGR: 3.5% CAGR: 6.0% 22,350 23,100 440 415 14,700 209 FY13 FY25 FY26E FY13 FY25 FY26E During FY13-26, ELGi grew at 1.7 times the Global Air Compressor market growth Source: Annual reports, ELG
Slide 39: Top Global Players by value
Top 10 Global Players by value Global Top 10 Players: Revenue1) (FY25, USD Mn) % total CAGR 2) % FY13-25 Atlas Copco 7,397 33.1% 3.0% Ingersoll Rand 4,073 18.2% 2.4% Hitachi Sullair 1,300 5.8% NA Kaeser 3) 1,240 5.5% 3.1% ELGi positioned at #6 in FY25 Fu Sheng 972 4.4% 2.6% ELGi 415 1.9% 5.8% Kaisha
Slide 40: Strategic Business Plan (SBP) - Compressors
Strategic Business Plan (SBP) - Compressors RECAP SBP Goals 500 CAGR 10% 450 Revenue 400 USD 450 Mn | 10% CAGR 350 CAGR – Rest of 300 CAGR - India the world (RoW) 250 7% 13% 450 200 India vs RoW Profitability 307 45/55 16% 150 226 237 100 2/3 of the growth from RoW 50 Return on Capital Employed (ROC
Slide 41: SBP FY26 Actual vs Estimate
SBP FY26 Actual vs Estimate 35% 487 30% 450 440 16% 15% Sales EBITDA ROCE USD Mn SBP FY26 Est FY26 (Const Exch Rate) Est FY26 SBP FY26 Est FY26 SBP FY26 Est FY26 SBP FY 26 - @USD INR: 75 (2022 Plan) – Constant exchange Est FY 26 - @USD INR: 88.2 Copyright © ELGI EQUIPMENTS LIMITED 2026 | All Rights
Slide 42: Strategic Business Plan (SBP) - Compressors
Strategic Business Plan (SBP) - Compressors 800 SBP Goals CAGR 11.3% 700 Revenue 600 USD 750 Mn | 11% CAGR 500 CAGR – Rest of CAGR - India 400 the world (RoW) 750 12% 10% 300 India vs RoW Profitability 415 440 386 53/47 18% 200 100 0 Return on Capital Employed (ROCE) 35% FY 24 Act FY 25 Act FY 26 Es
Slide 43: New Products & Features
New Products & Features Mr. Premendra, Chief Strategy Officer
Slide 44: EPSAC - Oil Lubricated Product Portfolio
EPSAC - Oil Lubricated Product Portfolio NEW Products NEURON-IV NEURON-IV AiR~ALERT AiR~ALERT EG 200 – 250 Super Premium EG 55 PMSM ▪ 2-Stage Airends driven by IE4 motors ▪ Best-in-class IE5+ Permanent Magnet Synchronous Motor (PMSM) enabling industry-leading energy efficiency for ▪ Improved, class-
Slide 45: EPSAC - Oil Lubricated Product Portfolio
EPSAC - Oil Lubricated Product Portfolio NEW Products EN Assembly ▪ Assembly of EN air stations (compressor, tank, and dryer) at HO for global markets ▪ Compact Footprint ▪ Suitable for small and medium manufacturing set-ups Market Expansion ▪ AD2000 certified tanks for German market in the range of
Slide 46: Oil Free/Water Injected Product Portfolio
Oil Free/Water Injected Product Portfolio NEW Features OA 200 - 250 kW Air Cooled ▪ Product upgrade, driven by IE4 motors, having ▪ Improved, class-leading energy efficiency ▪ Enhanced flow to support customer productivity ▪ Reduced footprint ▪ Neuron-IV – Advanced controller and improved NEURON-IV
Slide 47: Accessories Portfolio
Accessories Portfolio NEW Products Refrigerated Dryers 20 to 500 cfm Aluminum Compressed (AR N Series) Air Piping ▪ In-house state-of-the-art manufacturing setup ▪ Launched Aluminum piping and fittings for compressed air system in India market ▪ Stainless Steel plate type evaporators ▪ 20mm Ø to 200
Slide 48: Railways – EF9K 55000 (WAG10)
Railways –EF9K 55000 (WAG10) RS25100 – Oil Injected Screw NEW for Rail application Products Compact Screw Compressor designed for longer maintenance intervals & reduced life cycle cost ▪ Package combined with Compressor & Heatless desiccant Air dryer ▪ Underslung Mounted ▪ Direct drive ▪ Compact and
Slide 49: New Technology
New Technology Dr. Venu Madhav, Executive President - Product Excellence & Innovation
Slide 50: Stabilisor -> Demand=Match
Stabilisor -> Demand=Match ▪ Factory air demand is always fluctuating, but most compressors are fixed-speed and respond through frequent cycling and excess pressure, leading to energy waste, higher costs, and reliability issues ▪ Demand=Match is a breakthrough technology that enables fixed-speed com
Slide 51: Products with Heat Recovery Towards Net Zero Commitments
Products with Heat Recovery Towards Net Zero Commitments ▪ Rising energy costs and Net Zero commitments are driving stronger demand for heat recovery ▪ Developed an integrated heat recovery solution for all compressor product groups and launched in global markets ▪ Recovers up to 95% of waste heat,
Slide 52: Super Premium Products with Best-in-Class Efficiency
Super Premium Products with Best-in-Class Efficiency ▪ Energy cost contributes over 80% of a compressor’s life-cycle cost, making efficiency the key driver of customer value ▪ ELGi developed and launched a Super Premium compressor series in the 75–250 kW range, delivering best-in-class efficiency us
Slide 53: ELGi Indigenized Dryer
ELGi Indigenized Dryer ▪ Launched a fully indigenized 20–500 CFM refrigerant ▪ Phase-2 development is in progress to cover the dryer range for the India market last year, covering remaining 15% of market requirements over 85% of market requirements ▪ The product is well received in India and interna
Slide 54: Human Resources
Human Resources Mr. Nitesh Jain, Chief Human Resources Officer
Slide 55: Our People Make Us Better
› Building our Future ▪ Continuous focus on investing in talent across all functions and regions ▪ Strengthening early talent pipeline through revamped campus programs ▪ Succession planning: Strong focus on nurturing home-grown talent through curated interventions › Enabling Talent @ELGi to be at th
Slide 56: Digital Transformation Update
Digital Transformation Update Mr. Gaurav Gupta, Chief Information & Digital Officer
Slide 57: Global IT & Digital Transformation Roadmap
Global IT & Digital Transformation Roadmap Digital and Data Driven Enterprise Standardized, Stable & Secure Digital Foundation ▪ Digitalizing Functions ▪ Automation at Scale ▪ Globalized Core Platforms & Services ▪ Enterprise Data & Analytics Platforms Enable Digitally Enterprise ▪ Data & AI CoE set
Slide 58: Global IT & Digital Inflight Initiative
Global IT & Digital Inflight Initiative Integrated , Resilient, Standardized Core Modernize ERP, CRM, PLM, HRMS, Devices , Data Centre and SLA based operations Global Sales Platform Demand Planning Platform Global Application Management Services Global Employee Platform Warehouse Automation Platform
Slide 59: Manufacturing Operations
Manufacturing Operations Mr. Ramesh Ponnuswami, Executive President – Operations & EBS
Slide 60: ELGi Motors
ELGi Motors ▪ Technology : Induction motor ▪ Significant reduction in dependence on imported motors ▪ Power : 2.2kW to 160kW (from 33% to 5% of total motors used in screw ▪ Efficiency : IE3/IE4/NEMA P compressors since FY24) ▪ Technology : Radial Flux PMSM ▪ Manufacturing 88% of the ELGi requirement
Slide 61: ELGi Expands into Vacuum Solutions with New Assembly Line
ELGi Expands into Vacuum Solutions with New Assembly Line in Coimbatore Indigenous Rotary Vane Pump Readiness ELGi Advances into Vacuum 80% 68% Technology with the New 70% Market Coverage 60% State-of-the-Art Vacuum 50% 40% Pump Assembly Line 30% 17% 15% 20% ▪ The Vacuum Pump assembly line was inaug
Slide 62: New Global Service Center – Parts Support for the World
New Global Service Center – Parts Support for the World Project is on Track for completion in April 2026 Copyright©©ELGI Copyright ELGIEQUIPMENTS EQUIPMENTSLIMITED LIMITED 2026 2022 | All | All Rights Rights Reserved Reserved 61
Slide 63: ESG Initiatives
ESG Initiatives Environment, Social, and Governance Copyright © ELGI EQUIPMENTS LIMITED 2026 | All Rights Reserved
Slide 64: ELGi's ESG Initiatives and Key Focus Areas
ELGi’s ESG Initiatives and Key Focus Areas Focus Management Reporting Areas Priorities Requirements Diversity & Inclusion Resource Product Sustainable Neutral Stewardship Supply Chain Operations Employee Well-being Occupational Human Confidentiality Health and Rights Safety Ethics & Integrity Traini
Slide 65: Social Impact Initiatives
Social Impact Initiatives
Slide 66: ELGI School - Project Stellar
ELGI School - Project Stellar ▪ First batch of 22 students joined June 2025 for the Academic Year 2025-26 Expressions of Interest 1024 Applications Received 472 Attended Coaching Classes 372 Took Entrance Test 419 ▪ 9 girls and 13 boys in the current batch of 22 students Shortlisted after Further As
Slide 67: Fueling Dreams, Powering Excellence
Fueling Dreams, Powering Excellence ELGi Partners with Olympic Gold Quest Medals won by OGQ Athletes: (OGQ) to Empower Indian Athletes 13 Olympics 35 Paralympics ELGi continues its partnership with Olympic Gold Quest (OGQ), a prestigious initiative established by sports icons Geet Sethi and Prakash
Slide 68: The Inspiring Journey of Maaya Rajeshwaran Revathi
The Inspiring Journey of Maaya Rajeshwaran Revathi A Rising Tennis Star from Coimbatore Maaya Rajeshwaran Revathi, a 16-year-old tennis prodigy from Coimbatore, embodies passion, grit, and the courage to dream beyond limits. From turning an after-school hobby into international acclaim, Maaya has be
Slide 69: Community Wellness: Coimbatore Marathon 2025
Community Wellness: Coimbatore Marathon 2025 ELGi Celebrates 13-Year Association with Coimbatore Marathon, Reinforcing Its Commitment to Community Wellness ELGi proudly marked 13 years of partnership with the Coimbatore Marathon as the event's "Powered By" partner. This year's marathon brought toget
Slide 70: Q&A Session
Q&A Session
Slide 71: We Value Your Feedback!
We Value Your Feedback! Scan the QR code using your mobile phone to access the feedback form and share your inputs. It takes only a few minutes.
Slide 72: Thank you
Thank you