Elantas Beck India Ltd
Elantas Beck India Ltd (EBIL) manufactures specialty insulation and protective materials: wire enamels, varnishes/resins, casting/potting compounds, PCB-protection systems and engineering/construction materials. It has plants at Pimpri and Ankleshwar and is 75%-owned by Germany's ELANTAS GmbH.[1]
- Market Cap ₹ 10,115 Cr.
- Current Price ₹ 12,705
- High / Low ₹ 15,150 / 7,111
- Stock P/E 57.0
- Book Value ₹ 1,393
- Dividend Yield 0.06 %
- ROCE 21.2 %
- ROE 15.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 19.1% CAGR over last 5 years
Cons
- Stock is trading at 9.12 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 Commodities BSE 1000
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 341 | 344 | 365 | 383 | 409 | 394 | 383 | 522 | 645 | 680 | 749 | 848 | 937 | |
| 299 | 282 | 287 | 304 | 344 | 340 | 313 | 444 | 535 | 537 | 604 | 676 | 720 | |
| Operating Profit | 42 | 62 | 79 | 78 | 65 | 54 | 70 | 78 | 110 | 143 | 144 | 172 | 217 |
| OPM % | 12% | 18% | 22% | 20% | 16% | 14% | 18% | 15% | 17% | 21% | 19% | 20% | 23% |
| 8 | 6 | 8 | 9 | 31 | 18 | 22 | 25 | 32 | 53 | 55 | 48 | 43 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 6 | 5 | 6 | 7 | 7 | 12 | 12 | 12 | 12 | 15 | 21 | 23 |
| Profit before tax | 45 | 62 | 81 | 81 | 89 | 64 | 80 | 91 | 129 | 184 | 183 | 199 | 237 |
| Tax % | 30% | 32% | 33% | 32% | 26% | 22% | 23% | 27% | 24% | 25% | 24% | 26% | |
| 32 | 42 | 54 | 55 | 66 | 50 | 62 | 67 | 98 | 137 | 140 | 148 | 178 | |
| EPS in Rs | 39.87 | 52.68 | 68.73 | 69.48 | 82.99 | 62.51 | 77.90 | 84.36 | 123.34 | 173.19 | 176.04 | 186.41 | 223.98 |
| Dividend Payout % | 11% | 9% | 7% | 6% | 5% | 8% | 6% | 6% | 4% | 3% | 4% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 17% |
| 3 Years: | 10% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 19% |
| 3 Years: | 18% |
| TTM: | 34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 28% |
| 3 Years: | 19% |
| 1 Year: | 32% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 128 | 164 | 214 | 270 | 331 | 376 | 434 | 497 | 591 | 724 | 859 | 1,000 | 1,096 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 57 | 64 | 70 | 70 | 76 | 72 | 95 | 114 | 119 | 149 | 148 | 158 | 212 | |
| Total Liabilities | 192 | 236 | 291 | 348 | 415 | 456 | 536 | 618 | 717 | 881 | 1,015 | 1,166 | 1,316 |
| 45 | 45 | 36 | 40 | 70 | 110 | 103 | 98 | 98 | 99 | 223 | 240 | 273 | |
| CWIP | 1 | 0 | 5 | 15 | 0 | 10 | 18 | 19 | 13 | 17 | 19 | 8 | 14 |
| Investments | 30 | 64 | 109 | 139 | 174 | 160 | 218 | 261 | 356 | 517 | 379 | 592 | 642 |
| 116 | 126 | 140 | 154 | 171 | 176 | 198 | 240 | 250 | 247 | 395 | 326 | 387 | |
| Total Assets | 192 | 236 | 291 | 348 | 415 | 456 | 536 | 618 | 717 | 881 | 1,015 | 1,166 | 1,316 |
Cash Flows
Figures in Rs. Crores
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 | 46 | 56 | 51 | 33 | 48 | 79 | 29 | 83 | 133 | 63 | 127 | |
| 19 | -42 | -51 | -45 | -32 | -40 | -69 | -33 | -76 | -132 | 78 | -194 | |
| -51 | -4 | -5 | -5 | -4 | -5 | -4 | -4 | -5 | -5 | -5 | -6 | |
| Net Cash Flow | -2 | 0 | 0 | 2 | -3 | 4 | 6 | -8 | 2 | -3 | 136 | -74 |
| Free Cash Flow | 27 | 40 | 51 | 31 | 10 | 36 | 63 | 37 | 86 | 121 | -82 | 96 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 107% | 107% | 104% | 96% | 80% | 118% | 136% | 60% | 103% | 120% | 71% | 97% |
Ratios
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53 | 59 | 53 | 70 | 75 | 57 | 67 | 61 | 58 | 55 | 62 | 60 |
| Inventory Days | 84 | 85 | 100 | 75 | 74 | 77 | 89 | 95 | 73 | 68 | 78 | 71 |
| Days Payable | 55 | 64 | 73 | 73 | 71 | 56 | 103 | 86 | 67 | 81 | 76 | 61 |
| Cash Conversion Cycle | 82 | 80 | 80 | 71 | 78 | 77 | 54 | 70 | 64 | 41 | 64 | 70 |
| Working Capital Days | 58 | 55 | 55 | 62 | 69 | 59 | 46 | 57 | 48 | 33 | 56 | 56 |
| ROCE % | 35% | 40% | 41% | 33% | 23% | 18% | 19% | 17% | 22% | 28% | 23% | 21% |
Insights
In beta| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Electrical Insulations Segment Revenue Share % of segment revenue |
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| Engineering & Electronic Resins and Materials Segment Revenue Share % of segment revenue |
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| Export Revenue Share (Outside India) % of total revenue |
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| R&D Expenditure (Revenue + Capital Nature) INR Lakhs |
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| Number of Permanent Employees on Rolls count |
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| Sales Volume metric tonnes (MTS) |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
- Sanjay Kulkarni resigned as CFO and KMP effective 21 October 2026.
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Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter And Nine Months Ended On 30Th September, 2026
- Board meeting on 28 October 2026 to approve Q2 and nine-month unaudited financial results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication - Special Window for Re-lodgement of Physical Shares Transfer Request
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended 30 September 2026.
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Closure of Trading Window
- Trading window closes from 1 October 2026 until 48 hours after Q2 and nine-month results.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2024
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Annual Report 2023
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Annual Report 2023
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Annual Report 2022
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Annual Report 2022
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Annual Report 2021
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Annual Report 2021
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Annual Report 2020
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Annual Report 2020
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Annual Report 2019
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Annual Report 2019
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Annual Report 2018
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Annual Report 2018
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Business Segments:
a) Electrical Insulation Business:[1]
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.
b) Electronic & Engineering Materials:[2]
It comprises Electronic & Electrical Compounds (EL), Hardeners, and Construction Chemicals (CC). The EL Business has specialty products in Electronics, Auto Electricals, Filters & High Voltage Capacitors applications. The CC Business has products for Industrial Flooring, Exterior coating, Structural Repairs, Sealants, and Adhesives.