Elantas Beck India Ltd

Elantas Beck India Ltd

₹ 11,954 -0.52%
27 May - close price
About

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]

Key Points

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]

  • Market Cap 9,479 Cr.
  • Current Price 11,954
  • High / Low 12,299 / 5,802
  • Stock P/E 65.8
  • Book Value 923
  • Dividend Yield 0.04 %
  • ROCE 27.7 %
  • ROE 20.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 21.7% CAGR over last 5 years
  • Company's working capital requirements have reduced from 46.1 days to 32.7 days

Cons

  • Stock is trading at 13.0 times its book value
  • Earnings include an other income of Rs.57.8 Cr.

* 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
129 115 133 146 156 171 153 165 169 173 163 174 177
104 99 117 124 126 141 129 136 134 136 126 138 139
Operating Profit 25 16 16 22 30 30 24 29 36 37 37 36 38
OPM % 20% 13% 12% 15% 19% 17% 16% 17% 21% 21% 23% 20% 21%
2 4 15 4 4 1 14 10 8 13 12 17 15
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 3 3 3 3 3 3 3 3 3 3 3
Profit before tax 25 17 28 22 31 28 35 35 40 47 47 49 49
Tax % 27% 25% 29% 26% 24% 26% 22% 25% 26% 25% 25% 25% 25%
18 13 20 17 24 21 27 26 30 35 35 37 37
EPS in Rs 22.86 15.87 24.70 20.94 29.91 25.95 34.07 33.40 37.91 44.68 43.93 46.67 46.56
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 TTM
274 304 341 344 365 383 409 394 383 522 645 680 687
243 265 299 282 287 304 344 340 313 444 535 537 539
Operating Profit 31 39 42 62 79 78 65 54 70 78 110 143 148
OPM % 11% 13% 12% 18% 22% 20% 16% 14% 18% 15% 17% 21% 21%
11 11 8 6 8 9 31 18 22 25 32 53 58
Interest 0 0 0 0 0 0 0 0 0 0 1 1 1
Depreciation 5 5 5 6 5 6 7 7 12 12 12 12 12
Profit before tax 37 45 45 62 81 81 89 64 80 91 129 184 193
Tax % 26% 29% 30% 32% 33% 32% 26% 22% 23% 27% 24% 25%
28 32 32 42 54 55 66 50 62 67 98 137 144
EPS in Rs 34.79 40.05 39.87 52.68 68.73 69.48 82.99 62.51 77.90 84.36 123.34 173.19 181.84
Dividend Payout % 265% 137% 11% 9% 7% 6% 5% 8% 6% 6% 4% 3%
Compounded Sales Growth
10 Years: 8%
5 Years: 11%
3 Years: 21%
TTM: 4%
Compounded Profit Growth
10 Years: 17%
5 Years: 22%
3 Years: 31%
TTM: 50%
Stock Price CAGR
10 Years: 34%
5 Years: 40%
3 Years: 50%
1 Year: 103%
Return on Equity
10 Years: 18%
5 Years: 16%
3 Years: 17%
Last Year: 21%

Balance Sheet

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 120 100 128 164 214 270 331 376 434 497 591 724
0 0 0 0 0 0 0 0 0 0 0 0
127 93 57 64 70 70 76 72 95 114 119 149
Total Liabilities 255 201 192 236 291 348 415 456 536 618 717 881
49 48 45 45 36 40 70 110 103 98 98 99
CWIP 0 0 1 0 5 15 0 10 18 19 13 17
Investments 100 45 30 64 109 139 174 160 218 261 356 517
105 108 116 126 140 154 171 176 198 240 250 247
Total Assets 255 201 192 236 291 348 415 456 536 618 717 881

Cash Flows

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
26 23 31 46 56 51 33 48 79 29 83 133
-18 62 19 -42 -51 -45 -32 -40 -69 -33 -76 -132
-4 -85 -51 -4 -5 -5 -4 -5 -4 -4 -5 -5
Net Cash Flow 4 -0 -2 0 0 2 -3 4 6 -8 2 -3

Ratios

Figures in Rs. Crores

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Debtor Days 51 56 53 59 53 70 75 57 67 61 58 55
Inventory Days 90 81 84 85 100 75 74 77 89 95 73 68
Days Payable 51 44 55 64 73 73 71 56 103 86 67 81
Cash Conversion Cycle 90 93 82 80 80 71 78 77 54 70 64 41
Working Capital Days -44 9 58 55 55 62 69 59 46 57 48 33
ROCE % 20% 34% 35% 40% 41% 33% 23% 18% 19% 17% 22% 28%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
4.00% 3.99% 3.99% 4.00% 3.76% 3.67% 0.82% 0.80% 0.74% 0.73% 0.71% 0.70%
7.74% 7.77% 7.98% 8.35% 8.59% 8.59% 11.31% 11.44% 11.50% 11.73% 11.80% 11.88%
13.26% 13.24% 13.03% 12.65% 12.65% 12.75% 12.87% 12.75% 12.76% 12.54% 12.49% 12.42%
No. of Shareholders 7,2457,4437,4487,3927,0887,1557,1457,2837,4757,5787,5267,541

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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