Elantas Beck India Ltd Stock Analysis

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

BSE Share Price 06-Dec-2022 18:01
4150.00 -12.45 (-0.30%)

DeciZen - Make an Informed Decision on Elantas Beck India

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Elantas Beck India Price Chart

P/E Ratio (SA) :
37.43
Market Cap :
3,290 Cr.
52-wk low :
2,851.3
52-wk high :
5,044.4
Bole Toh?

1. Is Elantas Beck India Ltd 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.

2. Is Elantas Beck India Ltd 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.

3. Is Elantas Beck India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Elantas Beck India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Elantas Beck India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
ROCE % 15.6%25.2%24.6%27.3%27.8%22%17.2%13.8%14.9%11.2%-
Value Creation Index 0.10.80.81.01.00.60.2-0.00.1-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 274304341344365383409394383522626
YoY Gr. Rt. %-10.9%12.2%0.8%6.1%4.7%6.9%-3.7%-2.8%36.3%-
Adj EPS 30.737.437.652.868.969.266.862.477.666.7110.9
YoY Gr. Rt. %-22.1%0.6%40.4%30.4%0.4%-3.5%-6.5%24.3%-14.1%-
BVPS (₹) 161.6136.6171.1216.6279.9350.2427.6484.4557636.6721.5
Adj Net Profit 24.329.729.841.954.654.852.949.561.552.988
Cash Flow from Ops. 25.623.230.646.455.950.83347.979.428.5-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.4%7.4%8.5%36.3%
Adj EPS 9%-0.6%-0%-14.1%
BVPS 16.517.914.214.3
Share Price 12.7% 16.3% 23.2% 15.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
Return on Equity % 15.525.124.527.327.82217.213.714.911.216.3
Op. Profit Mgn % 11.713.612.518.221.620.516.113.718.41516.9
Net Profit Mgn % 8.99.88.712.21514.312.912.616.110.114.1
Debt to Equity 0000000000-
Working Cap Days 105100981061051141311451541380
Cash Conv. Cycle 585854514347616653460

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.30%

Sales growth is good in last 4 quarters at 27.10%

Sales growth has been subdued in last 3 years 8.47%

Net Profit has been subdued in last 3 years -0.03%

Latest Financials - Elantas Beck India Ltd.

Standalone Consolidated
TTM EPS (₹) 110.9 -
TTM Sales (₹ Cr.) 626 -
BVPS (₹.) 721.5 -
Reserves (₹ Cr.) 564 -
P/BV 5.75 -
PE 37.43 -
From the Market
52 Week Low / High (₹) 2851.25 / 5044.40
All Time Low / High (₹) 33.50 / 5044.40
Market Cap (₹ Cr.) 3,290
Equity (₹ Cr.) 7.9
Face Value (₹) 10
Industry PE 34

Management X-Ray of Elantas Beck India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Elantas Beck India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Elantas Beck India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Elantas Beck India on 06-Dec-2022 18:01 is : 4,150.
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 06-Dec-2022 18:01 the market cap of Elantas Beck India stood at ₹ 3,290.
The latest PE ratio of Elantas Beck India as of 06-Dec-2022 18:01 is 37.43.
The latest PB ratio of Elantas Beck India as of 06-Dec-2022 18:01 is 5.75
The 52-week high of Elantas Beck India is ₹ 5,044.4 and the 52-week low is ₹ 2,851.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Elantas Beck India is ₹ 625.6 ( 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 don’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 – wire enamels, impregnating resins, and compounds – 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 ALTANA’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.
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