Elantas Beck India Ltd
ELANTAS Beck India Limited is engaged in manufacturing a wide range of specialty chemicals in the electrical insulation and construction industries. It is a part of ALTANA, an international specialty chemicals group. [1]
- Market Cap ₹ 7,452 Cr.
- Current Price ₹ 9,400
- High / Low ₹ 14,250 / 8,150
- Stock P/E 53.9
- Book Value ₹ 1,177
- Dividend Yield 0.08 %
- ROCE 23.0 %
- ROE 17.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 23.0% CAGR over last 5 years
Cons
- Stock is trading at 7.90 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 304 | 341 | 344 | 365 | 383 | 409 | 394 | 383 | 522 | 645 | 680 | 749 | 830 | |
| 265 | 299 | 282 | 287 | 304 | 344 | 340 | 313 | 444 | 535 | 537 | 604 | 667 | |
| Operating Profit | 39 | 42 | 62 | 79 | 78 | 65 | 54 | 70 | 78 | 110 | 143 | 144 | 162 |
| OPM % | 13% | 12% | 18% | 22% | 20% | 16% | 14% | 18% | 15% | 17% | 21% | 19% | 20% |
| 11 | 8 | 6 | 8 | 9 | 31 | 18 | 22 | 25 | 32 | 53 | 55 | 44 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 5 | 6 | 5 | 6 | 7 | 7 | 12 | 12 | 12 | 12 | 15 | 20 |
| Profit before tax | 45 | 45 | 62 | 81 | 81 | 89 | 64 | 80 | 91 | 129 | 184 | 183 | 186 |
| Tax % | 29% | 30% | 32% | 33% | 32% | 26% | 22% | 23% | 27% | 24% | 25% | 24% | |
| 32 | 32 | 42 | 54 | 55 | 66 | 50 | 62 | 67 | 98 | 137 | 140 | 138 | |
| EPS in Rs | 40.05 | 39.87 | 52.68 | 68.73 | 69.48 | 82.99 | 62.51 | 77.90 | 84.36 | 123.34 | 173.19 | 176.04 | 174.27 |
| Dividend Payout % | 137% | 11% | 9% | 7% | 6% | 5% | 8% | 6% | 6% | 4% | 3% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 14% |
| 3 Years: | 13% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 23% |
| 3 Years: | 33% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 30% |
| 3 Years: | 31% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 17% |
Balance Sheet
Figures in Rs. Crores
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Jun 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 100 | 128 | 164 | 214 | 270 | 331 | 376 | 434 | 497 | 591 | 724 | 859 | 925 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 93 | 57 | 64 | 70 | 70 | 76 | 72 | 95 | 114 | 119 | 149 | 148 | 163 | |
| Total Liabilities | 201 | 192 | 236 | 291 | 348 | 415 | 456 | 536 | 618 | 717 | 881 | 1,015 | 1,096 |
| 48 | 45 | 45 | 36 | 40 | 70 | 110 | 103 | 98 | 98 | 99 | 223 | 232 | |
| CWIP | 0 | 1 | 0 | 5 | 15 | 0 | 10 | 18 | 19 | 13 | 17 | 19 | 18 |
| Investments | 45 | 30 | 64 | 109 | 139 | 174 | 160 | 218 | 261 | 356 | 517 | 379 | 527 |
| 108 | 116 | 126 | 140 | 154 | 171 | 176 | 198 | 240 | 250 | 247 | 395 | 319 | |
| Total Assets | 201 | 192 | 236 | 291 | 348 | 415 | 456 | 536 | 618 | 717 | 881 | 1,015 | 1,096 |
Cash Flows
Figures in Rs. Crores
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23 | 31 | 46 | 56 | 51 | 33 | 48 | 79 | 29 | 83 | 133 | 63 | |
| 62 | 19 | -42 | -51 | -45 | -32 | -40 | -69 | -33 | -76 | -132 | 78 | |
| -85 | -51 | -4 | -5 | -5 | -4 | -5 | -4 | -4 | -5 | -5 | -5 | |
| Net Cash Flow | -0 | -2 | 0 | 0 | 2 | -3 | 4 | 6 | -8 | 2 | -3 | 136 |
Ratios
Figures in Rs. Crores
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 53 | 59 | 53 | 70 | 75 | 57 | 67 | 61 | 58 | 55 | 62 |
| Inventory Days | 81 | 84 | 85 | 100 | 75 | 74 | 77 | 89 | 95 | 73 | 68 | 78 |
| Days Payable | 44 | 55 | 64 | 73 | 73 | 71 | 56 | 103 | 86 | 67 | 81 | 76 |
| Cash Conversion Cycle | 93 | 82 | 80 | 80 | 71 | 78 | 77 | 54 | 70 | 64 | 41 | 64 |
| Working Capital Days | 9 | 58 | 55 | 55 | 62 | 69 | 59 | 46 | 57 | 48 | 33 | 56 |
| ROCE % | 34% | 35% | 40% | 41% | 33% | 23% | 18% | 19% | 17% | 22% | 28% | 23% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Nov - Newspaper Publication of Unaudited Financial Results for quarter and nine months ended on 30th September, 2025
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Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
4 Nov - 04 Nov 2025: Elantas Beck amended insider-trading/fair disclosure code; policy available on company website.
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SEBI- PIT Code
4 Nov - Board amended insider-trading Code and Legitimate Purpose Policy on 04-Nov-2025; updated policy posted on website.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
4 Nov - Approved unaudited results to Sept 30, 2025 (Q net profit INR 3,625.76L); appointed M S K A auditors FY2026–2030.
- Unaudited Financial Results For The Quarter And Nine Months Ended On 30Th September, 2025 4 Nov
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Segments
**Electrical Insulation Business **
It caters to Magnet Wire manufacturers, whose end customer base spans the Home Appliances, Transformers, automotive, and Industrial Segments. Secondary Insulation products like Varnishes find application in Rotating Machines used in Home Appliances, Automotive Components, Industrial Motors, etc. [1]