Elgi Equipments Limited (ELGIEQUIP.NS) is currently considered halal (Sharia-compliant), per In-house ratio engine (last assessed 2026-08-26). See the full ratio breakdown and business-activity screen below for the reasoning.
Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2026-03-31. ELGIEQUIP.NS files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.
Business activity: cleared (no excluded categories detected)
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 3.46% | 30.00% | Pass |
| Interest-bearing investments | 4.83% | 30.00% | Pass |
| Non-permissible income | 1.51% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 18.65% | 33.00% | Pass |
| Interest-bearing investments | 26.08% | 33.00% | Pass |
| Non-liquid assets | 53.50% | at least 20.00% | Pass |
| Non-permissible income | 1.51% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 18.65% | 33.33% | Pass |
| Cash + interest-bearing securities | 26.08% | 33.33% | Pass |
| Accounts receivable | 46.50% | 33.33% | Fail |
| Non-permissible income | 1.51% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 18.65% | 33.33% | Pass |
| Cash + interest-bearing securities | 26.08% | 33.33% | Pass |
| Accounts receivable | 46.50% | 50.00% | Pass |
| Non-permissible income | 1.51% | 5.00% | Pass |
Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 3.99% | 33.00% | Pass |
| Cash + interest-bearing securities | 5.57% | 33.00% | Pass |
| Accounts receivable | 4.36% | 33.00% | Pass |
| Non-permissible income | 1.51% | 5.00% | Pass |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 3.86% | 33.00% | Pass |
| Cash + interest-bearing securities | 5.39% | 49.00% | Pass |
| Accounts receivable | 4.22% | 49.00% | Pass |
| Non-permissible income | 1.51% | 5.00% | Pass |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 3.86% | 33.33% | Pass |
| Cash + interest-bearing securities | 5.39% | 33.33% | Pass |
| Accounts receivable | 9.61% | 49.00% | Pass |
| Non-permissible income | 1.51% | 5.00% | Pass |
Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.
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Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 51.30 | NEUTRAL |
| Stochastic %K (14) | 43.49 | NEUTRAL |
| CCI (20) | -34.36 | NEUTRAL |
| Williams %R (14) | -56.51 | NEUTRAL |
| MACD (12,26,9) | -1.59 | SELL |
| ROC (10) | 3.08 | BUY |
| Momentum (10) | 18.45 | BUY |
| EMA (10) | 623.66 | SELL |
| SMA (10) | 627.06 | SELL |
| EMA (20) | 618.47 | SELL |
| SMA (20) | 623.61 | SELL |
| EMA (30) | 612.91 | BUY |
| SMA (30) | 609.53 | BUY |
| EMA (50) | 603.62 | BUY |
| SMA (50) | 597.47 | BUY |
| EMA (100) | 583.13 | BUY |
| SMA (100) | 585.77 | BUY |
| EMA (200) | 543.92 | BUY |
| SMA (200) | 535.27 | BUY |
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Industrials · Specialty Industrial Machinery
Elgi Equipments Limited manufactures and sells air compressors and related parts in India, Europe, Australia, the United States, and internationally. It operates through two segments, Air Compressors and Automotive Equipments. The company offers oil lubricated screw and piston air compressors, oil free piston and screw air compressors, rotary and reciprocating air compressors, diesel and electric portable air compressors, railway air compressors, heat recovery systems, and medical air compressors and vacuum pumps, as well as air accessories; air compressor parts, filters and separators, lubricants and fluids, and service kits, and other accessories; and air compressor service. It is also involved in the trading of air compressors, nitrogen systems, and altitude training systems; manufacture and trading of automotive garage equipment, compressed air systems, and vacuum pumps for medical applications; renting of property; and provision of design services. In addition, the company manufactures and trades compressors, hydraulic hammers, and rampi cars. The company serves manufacturing, textile, agriculture, automotive, and construction industries. Elgi Equipments Limited was incorporated in 1960 and is based in Coimbatore, India.
Background via Yahoo Finance — informational, not part of the verdict.
Peer movement computing — it will appear here on its own.
NO DATA 0 buys · 0 sells
NEUTRAL report date 2026-09-08 · Asset managers net 912361 (-21819)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.