Elantas Beck India Ltd
₹ 9,760
0.35%
19 Apr
- 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
- Market Cap ₹ 7,739 Cr.
- Current Price ₹ 9,760
- High / Low ₹ 9,990 / 5,161
- Stock P/E 56.4
- Book Value ₹ 923
- Dividend Yield 0.05 %
- 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 10.6 times its book value
- Earnings include an other income of Rs.53.0 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.
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Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
274 | 304 | 341 | 344 | 365 | 383 | 409 | 394 | 383 | 522 | 645 | 680 | |
243 | 265 | 299 | 282 | 287 | 304 | 344 | 340 | 313 | 444 | 535 | 537 | |
Operating Profit | 31 | 39 | 42 | 62 | 79 | 78 | 65 | 54 | 70 | 78 | 110 | 143 |
OPM % | 11% | 13% | 12% | 18% | 22% | 20% | 16% | 14% | 18% | 15% | 17% | 21% |
11 | 11 | 8 | 6 | 8 | 9 | 31 | 18 | 22 | 25 | 32 | 53 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
Depreciation | 5 | 5 | 5 | 6 | 5 | 6 | 7 | 7 | 12 | 12 | 12 | 12 |
Profit before tax | 37 | 45 | 45 | 62 | 81 | 81 | 89 | 64 | 80 | 91 | 129 | 184 |
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 | |
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 |
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: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 22% |
3 Years: | 31% |
TTM: | 53% |
Stock Price CAGR | |
---|---|
10 Years: | 31% |
5 Years: | 33% |
3 Years: | 41% |
1 Year: | 84% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Apr - Newspaper Publication of Notice of 68th Annual General Meeting, E-voting and other related information
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr
- Business Responsibility and Sustainability Reporting (BRSR) 13 Apr
- Notice Of 68Th Annual General Meeting Of The Company 13 Apr
- Reg. 34 (1) Annual Report. 13 Apr
Annual reports
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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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Financial Year 2009
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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]