Is Elantas Beck India 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 .

Is Elantas Beck India 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 .

What is Elantas Beck India share price return in the past 10 years?

Elantas Beck India Ltd share price has appreciated 30% annually (CAGR) over the past ten years.

Is Elantas Beck India 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.

Elantas Beck India Ltd - Stock Valuation and Financial Performance

Name: Elantas Beck India
Brand: Elantas Beck India

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

Place order

Elantas Beck India Share Price

₹8,905 112.05 1.27%
as on 16-Apr'24 16:01

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Dec'13	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	TTM
ROCE % ⓘ	25.2%	24.6%	27.3%	27.8%	22%	17.2%	13.8%	14.9%	11.2%	16.5%	-
Value Creation Index ⓘ	0.8	0.8	1.0	1.0	0.6	0.2	0.0	0.1	-0.2	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	304	341	344	365	383	409	394	383	522	645	680
Sales YoY Gr.	-	12.2%	0.8%	6.1%	4.7%	6.9%	-3.7%	-2.8%	36.3%	23.5%	-
Adj EPS ⓘ	37.4	37.6	52.8	68.9	69.2	66.8	62.4	77.6	66.7	114	173.2
YoY Gr.	-	0.6%	40.4%	30.4%	0.4%	-3.5%	-6.5%	24.3%	-14.1%	70.9%	-
BVPS (₹) ⓘ	136.6	171.1	216.6	279.9	350.2	427.6	484.4	557	636.6	755.1	923.3
Adj Net Profit ⓘ	29.7	29.8	41.9	54.6	54.8	52.9	49.5	61.5	52.9	90.4	137
Cash Flow from Ops. ⓘ	23.2	30.6	46.4	55.9	50.8	33	47.9	79.4	28.5	83	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.7%	11%	17.8%	23.5%
Adj EPS ⓘ	13.2%	10.5%	22.2%	70.9%
BVPSⓘ	20.9%	16.6%	16%	18.6%
Share Price	30%	30.4%	35.3%	77.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Dec'13	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	TTM
Return on Equity % ⓘ	25.1	24.5	27.3	27.8	22	17.2	13.7	14.9	11.2	16.4	20.6
Op. Profit Mgn % ⓘ	13.6	12.5	18.2	21.6	20.5	16.1	13.7	18.4	15	17.1	21.6
Net Profit Mgn % ⓘ	9.8	8.7	12.2	15	14.3	12.9	12.6	16.1	10.1	14	20.2
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	100	98	106	105	112	128	145	154	138	122	186
Cash Conv. Cycle ⓘ	58	54	51	43	47	61	65	52	46	48	156

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.60%

Sales growth is growing at healthy rate in last 3 years 17.83%

Net Profit is growing at healthy rate in last 3 years 22.23%

Sales growth is not so good in last 4 quarters at 5.56%

Latest Financials - Elantas Beck India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	173.2	-
TTM Sales (₹ Cr.)	680	-
BVPS (₹.) ⓘ	923.3	-
Reserves (₹ Cr.) ⓘ	724	-
P/BV ⓘ	9.52	-
PE ⓘ	50.77	-

From the Market
52 Week Low / High (₹)	4995.55 / 9398.00
All Time Low / High (₹)	33.50 / 9398.00
Market Cap (₹ Cr.)	6,971
Equity (₹ Cr.)	7.9
Face Value (₹)	10
Industry PE ⓘ	48.3

Management X-Ray of Elantas Beck India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Elantas Beck India

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

This is a premium feature, Please click here to check our solutions.

Key Ratios of Elantas Beck India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Sales	341	344	365	383	409	394	383	522	645	680
Operating Expenses ⓘ	299	282	287	304	344	340	313	444	535	537
Manufacturing Costs	28	28	28	31	33	36	33	49	55	55
Material Costs	224	202	205	219	252	236	216	325	403	396
Employee Cost	19	21	22	23	26	27	28	31	38	40
Other Costs ⓘ	29	30	32	32	34	41	36	39	39	45
Operating Profit ⓘ	42	62	79	78	65	54	70	78	110	143
Operating Profit Margin (%)	12.3%	18.1%	21.5%	20.5%	15.8%	13.7%	18.4%	15.0%	17.1%	21.1%
Other Income ⓘ	8	6	8	9	12	18	22	16	21	53
Interest ⓘ	0	0	0	0	0	0	0	0	1	1
Depreciation ⓘ	5	6	5	6	7	7	12	12	12	12
Exceptional Items ⓘ	0	0	0	0	19	0	0	9	11	0
Profit Before Tax ⓘ	45	62	81	81	89	64	80	91	129	184
Tax ⓘ	13	20	26	26	23	14	18	24	31	46
Profit After Tax	32	42	54	55	66	50	62	67	98	137
PAT Margin (%)	9.3%	12.1%	14.9%	14.4%	16.1%	12.6%	16.1%	12.8%	15.2%	20.2%
Adjusted EPS (₹)	39.9	52.7	68.7	69.5	83.0	62.5	77.9	84.4	123.3	173.2
Dividend Payout Ratio (%)	11%	9%	7%	6%	5%	8%	6%	6%	4%	3%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Equity and Liabilities
Shareholders Fund	136	172	222	278	339	384	442	505	599	732
Share Capital ⓘ	8	8	8	8	8	8	8	8	8	8
Reserves ⓘ	128	164	214	270	331	376	434	497	591	724
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	34	38	41	44	49	36	61	76	74	88
Others Liabilities ⓘ	23	26	27	26	27	36	34	38	45	61
Total Liabilities ⓘ	192	236	291	348	415	456	536	618	717	881
Fixed Assets
Gross Block	94	100	96	45	77	124	128	135	146	158
Accumulated Depreciation	49	56	60	6	12	19	30	42	52	64
Net Fixed Assetsⓘ	45	45	36	40	65	105	98	93	94	95
CWIP ⓘ	1	0	5	15	0	10	18	19	13	17
Investmentsⓘ	30	64	109	139	174	160	218	261	356	517
Inventories	52	51	56	45	51	50	53	84	80	73
Trade Receivables	49	56	53	73	84	61	71	87	102	102
Cash Equivalents	7	12	17	22	10	24	27	18	42	57
Others Assetsⓘ	8	8	13	14	32	46	53	56	30	19
Total Assets ⓘ	192	236	291	348	415	456	536	618	717	881

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Cash Flow From Operating Activity ⓘ	31	46	56	51	33	48	79	29	83	133
PBT ⓘ	45	62	81	81	89	64	80	91	129	184
Adjustment ⓘ	1	3	0	0	-21	-4	-6	-9	-12	-32
Changes in Working Capital ⓘ	-1	2	1	-5	-16	3	21	-35	-4	20
Tax Paid ⓘ	-14	-20	-26	-24	-19	-16	-16	-19	-30	-38
Cash Flow From Investing Activity ⓘ	19	-42	-51	-45	-32	-40	-69	-33	-76	-132
Capex	-3	-7	-5	-20	2	-12	-16	9	3	-12
Net Investments	20	-38	-51	-31	-39	-3	-48	-43	-85	-122
Others ⓘ	2	3	5	6	6	-24	-5	2	6	3
Cash Flow From Financing Activityⓘ	-51	-4	-5	-5	-4	-5	-4	-4	-5	-5
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	-1	-1
Dividend Paid ⓘ	-51	-4	-5	-4	-4	-4	-4	-4	-4	-4
Others ⓘ	0	0	0	-1	-1	-1	0	0	0	0
Net Cash Flow ⓘ	-2	0	0	2	-3	4	6	-8	2	-3

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Ratios
ROE (%)	25.91	27.17	27.69	22.05	21.34	13.71	14.96	14.14	17.73	20.64
ROCE (%)	37.07	40.29	41.21	32.55	29	17.74	19.48	19.37	23.52	27.69
Asset Turnover Ratio	1.94	1.81	1.56	1.27	1.07	0.9	0.77	0.9	0.97	0.85
PAT to CFO Conversion(x)	0.97	1.1	1.04	0.93	0.5	0.96	1.27	0.43	0.85	0.97
Working Capital Days
Receivable Days	46	50	48	57	70	67	63	55	54	55
Inventory Days	45	48	48	45	43	47	49	48	46	41
Payable Days	47	65	71	71	67	66	82	77	68	74

Elantas Beck India Ltd Stock News

Elantas Beck India Ltd FAQs

What is the share price of Elantas Beck India?

Company share prices are keep on changing according to the market conditions. The closing price of Elantas Beck India on 16-Apr-2024 16:01 is ₹8,905.

What is the market cap of Elantas Beck India?

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 16-Apr-2024 16:01 the market cap of Elantas Beck India stood at ₹6,970.8.

What is the P/E ratio of Elantas Beck India?

The latest P/E ratio of Elantas Beck India as of 16-Apr-2024 16:01 is 50.77.

What is the P/B ratio of Elantas Beck India?

The latest P/B ratio of Elantas Beck India as of 16-Apr-2024 16:01 is 9.52.

What is the 52-week high and low of Elantas Beck India?

The 52-week high of Elantas Beck India is ₹9,398 and the 52-week low is ₹4,995.6.

What is the TTM revenue of Elantas Beck India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elantas Beck India is ₹679.9 ( 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 donâ€™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 â€“ wire enamels, impregnating resins, and compounds â€“ 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 ALTANAâ€™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.