Elantas Beck India Ltd - Stock Valuation and Financial Performance

BSE: 500123 | NSE: DRBECK | Chemicals | Small Cap

Elantas Beck India Share Price

9,676.45 -251.50 -2.53%
as on 30-Apr'25 16:59

DeciZen - make an informed investing decision on Elantas Beck India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Elantas Beck India stock performance -

P/E Ratio (SA):
56.60
Market Cap:
7,671.2 Cr.
52-wk low:
8,150
52-wk high:
14,980

Is Elantas Beck India Ltd an attractive stock to invest in?

1. Is Elantas Beck India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Elantas Beck India Ltd is a good quality company.

2. Is Elantas Beck India Ltd undervalued or overvalued?

The key valuation ratios of Elantas Beck India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Elantas Beck India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Elantas Beck India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Elantas Beck India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Elantas Beck India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
ROCE % 40.3%41.2%32.6%29%17.7%19.5%19.4%23.5%27.7%23%-
Value Creation
Index
1.91.91.31.10.30.40.40.71.10.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 344365383409394383522645680749778
Sales YoY Gr.-6.1%4.7%6.9%-3.7%-2.8%36.3%23.5%5.5%10.1%-
Adj EPS 52.868.969.266.862.477.666.7114172.7174.9171
YoY Gr.-30.4%0.4%-3.5%-6.5%24.3%-14.1%70.9%51.5%1.3%-
BVPS (₹) 216.6279.9350.2427.6484.4557636.6755.1923.31,093.81,093.8
Adj Net
Profit
41.954.654.852.949.561.552.990.4137139136
Cash Flow from Ops. 46.455.950.83347.979.428.58313363.2-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9%13.7%12.8%10.1%
Adj EPS 14.2%22.9%37.9%1.3%
BVPS19.7%17.7%19.8%18.5%
Share Price 23.5% 32.5% 36.6% -15.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Return on
Equity %
27.327.82217.213.714.911.216.420.617.315.6
Op. Profit
Mgn %
18.221.620.516.113.718.41517.121.119.318.9
Net Profit
Mgn %
12.21514.312.912.616.110.11420.118.517.4
Debt to
Equity
0000000000-
Working Cap
Days
106105112128145154138122107105179
Cash Conv.
Cycle
51434761655246483942149

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.76%

Net Profit is growing at healthy rate in last 3 years 37.91%

Sales growth is good in last 4 quarters at 13.22%

Return on Equity has declined versus last 3 years average to 15.60%

Latest Financials - Elantas Beck India Ltd.

Standalone Consolidated
TTM EPS (₹) 171 -
TTM Sales (₹ Cr.) 778 -
BVPS (₹.) 1,093.8 -
Reserves (₹ Cr.) 859 -
P/BV 8.85 -
PE 56.60 -
From the Market
52 Week Low / High (₹) 8149.95 / 14980.00
All Time Low / High (₹) 33.50 / 14980.00
Market Cap (₹ Cr.) 7,671
Equity (₹ Cr.) 7.9
Face Value (₹) 10
Industry PE 53.3

Quarterly Results

 Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %Mar'25 YoY Gr. Rt. %
Sales (₹ Cr.) 191 10.4184 12.4197 13.3206 16.7
Adj EPS (₹) 52.8 18.239.2 -10.837.5 -19.641.5 -10.9
Op. Profit Mgn % 20.22 -6 bps18.06 -501 bps17.75 -271 bps19.59 -168 bps
Net Profit Mgn % 21.87 144 bps16.92 -441 bps15.10 -618 bps15.95 -495 bps

Management X-Ray of Elantas Beck India:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:75%Institutions:12.21%Non-Institutions:12.79%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec24Mar250%20%40%60%80%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Elantas Beck India

MRP
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MOS
spaceLock icon%
DP
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Base EPS
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DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of Elantas Beck India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Tata Chemicals 836.2 -21.4 (-2.5%) Small Cap 15,421 -21.9 6.9 - 1
GNFC 486.2 -11.8 (-2.4%) Small Cap 7,930 34.2 6.2 14.6 0.9
Aarti Inds 420.4 -10.2 (-2.4%) Small Cap 6,372 10.1 6.6 42.5 2.8
Atul 6,736.4 -16.5 (-0.2%) Small Cap 4,358 155 8.5 43.6 3.6
Himadri Speciality 437.9 -23.7 (-5.1%) Small Cap 4,185 11.3 9.6 40.9 6.3
Jubilant Ingrevia 641.8 -12.4 (-1.9%) Small Cap 3,987 12.8 4.2 50.9 4.4
Chemplast Sanmar 411.8 -15.9 (-3.7%) Small Cap 3,923 -5.5 -3.8 - 37.7
Guj. Alkalies & Chem 605.6 -18.9 (-3%) Small Cap 3,807 -3.7 -3.5 - 0.7
GHCL 581.7 -24.7 (-4.1%) Small Cap 3,447 62.5 18 9.7 1.7
India Glycols 1,385.5 -7.3 (-0.5%) Small Cap 3,291 54.2 4.9 25.7 2.4
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Sales344365383409394383522645680749
Operating Expenses 282287304344340313444535537604
Manufacturing Costs28283133363349555564
Material Costs202205219252236216325403396444
Employee Cost 21222326272831384047
Other Costs 30323234413639394549
Operating Profit 62797865547078110143144
Operating Profit Margin (%) 18.1%21.5%20.5%15.8%13.7%18.4%15.0%17.1%21.1%19.3%
Other Income 68912182216215355
Interest 0000000111
Depreciation 656771212121215
Exceptional Items 000190091100
Profit Before Tax 62818189648091129184183
Tax 20262623141824314644
Profit After Tax 4254556650626798137140
PAT Margin (%) 12.1%14.9%14.4%16.1%12.6%16.1%12.8%15.2%20.2%18.6%
Adjusted EPS (₹)52.768.769.583.062.577.984.4123.3173.2176.1
Dividend Payout Ratio (%)9%7%6%5%8%6%6%4%3%4%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24

Equity and Liabilities

Shareholders Fund 172222278339384442505599732867
Share Capital 8888888888
Reserves 164214270331376434497591724859
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables38414449366176748892
Others Liabilities 26272627363438456156
Total Liabilities 2362913484154565366187178811,015

Fixed Assets

Gross Block100964577124128135146158297
Accumulated Depreciation5660612193042526478
Net Fixed Assets4536406510598939495219
CWIP 05150101819131719
Investments 64109139174160218261356517379
Inventories51564551505384807395
Trade Receivables56537384617187102102127
Cash Equivalents 121722102427184257153
Others Assets8131432465356301925
Total Assets 2362913484154565366187178811,015

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Cash Flow From Operating Activity 465651334879298313363
PBT 62818189648091129184183
Adjustment 300-21-4-6-9-12-32-29
Changes in Working Capital 21-5-16321-35-420-51
Tax Paid -20-26-24-19-16-16-19-30-38-40
Cash Flow From Investing Activity -42-51-45-32-40-69-33-76-13278
Capex -7-5-202-12-1693-12-145
Net Investments -38-51-31-39-3-48-43-85-122211
Others 3566-24-526312
Cash Flow From Financing Activity -4-5-5-4-5-4-4-5-5-5
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000-1-1-1
Dividend Paid -4-5-4-4-4-4-4-4-4-4
Others 00-1-1-100000
Net Cash Flow 002-346-82-3136
PARTICULARSDec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Ratios
ROE (%)27.1727.6922.0521.3413.7114.9614.1417.7320.6417.46
ROCE (%)40.2941.2132.552917.7419.4819.3723.5227.6923.03
Asset Turnover Ratio1.811.561.271.070.90.770.90.970.850.79
PAT to CFO Conversion(x)1.11.040.930.50.961.270.430.850.970.45
Working Capital Days
Receivable Days50485770676355545556
Inventory Days48484543474948464141
Payable Days65717167668277687474

Elantas Beck India Ltd Stock News

Elantas Beck India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Elantas Beck India on 30-Apr-2025 16:59 is ₹9,676.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Apr-2025 16:59 the market cap of Elantas Beck India stood at ₹7,671.2.
The latest P/E ratio of Elantas Beck India as of 30-Apr-2025 16:59 is 56.60.
The latest P/B ratio of Elantas Beck India as of 30-Apr-2025 16:59 is 8.85.
The 52-week high of Elantas Beck India is ₹14,980 and the 52-week low is ₹8,150.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elantas Beck India is ₹778.1 ( Cr.) .

About Elantas Beck India Ltd

ELANTAS Beck India was established in 1956, the company is engaged in the manufacturing of wide range of specialty chemicals for electrical insulation and construction industries. The main business line of the company includes like Primary Insulation, Secondary Insulation and Electronic & Engineering Materials.

ELANTAS, the Division Electrical Insulation within the ALTANA Group, produces insulating materials for the electrical and electronics industry. They are found in electric motors, household appliances, cars, generators, transformers, capacitors, wind mills, computers, lamps, circuit boards and sensors, and help to ensure that design engineers can construct ever-smaller and more powerful electronic devices, thus saving materials and energy.

Every electrical device contains a number of components such as electric motors and transformers which they don’t even notice because they function reliably. A low breakdown rate of a device reflects its high quality and means that the insulation problem has been solved well. The products made by ELANTAS Electrical Insulation – wire enamels, impregnating resins, and compounds – contribute to the safety, reliability, and long life of such devices.

Owing to consistent research and development, continual development of insulating materials and processes, and the fact that ELANTAS has production facilities around the world, the company has established a leading international position for itself and is the world's leading manufacturer of wire enamels and impregnating resins. This makes the division the supplier of choice for the electrical insulation industry. Hence international, renowned technology leaders are amongst the top customer base.

In 2006, ELANTAS Beck India completed 50 years of operations in India. The company manufactures a wide range of specialty chemicals for electrical insulation and construction industries. In pursuit of ALTANA’s global commitment, ELANTAS Beck India develops new products and processes to meet the changing needs of customers, ELANTAS Beck India Ltd. utilizes its strengths effectively to be partners in customers success.

Product range of the company includes:

Primary Insulation- Primary Insulation supplies the enameled wire industry. The wire enamles are purchased by enamel wire manufacturers.

Secondary Insulation- Secondary Insulation supplies applications in which the enameled wire winding is insulated and stabilized mechanically. Our impregnating resins and casting compounds are bought by original equipment manufacturers (OEM*) and by manufacturers of technical devices.

Electronic & Engineering Materials- Electronic & Engineering Materials mainly supplies applications that embed or completely encapsulate electrical components.

Awards/ Achievements

  • ELANTAS Beck India Ltd. has been accredited with the International Quality Management System ISO 9001:2000 and Environment Management System Certification ISO 14001:2004.
  • ELANTAS Beck is the first Indian manufacturer of insulation and resin products to receive the approbation of product certifications from the Underwriters Laboratory, USA
  • The company has also been awarded both the EN ISO 9001: 2000 Quality Management System Certification and EN ISO 14001 Environment Management System Certification given by the globally respected agency that's TUV of Germany.
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