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Elantas Beck India Ltd (ELANTAS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500123 NSE: ELANTAS Chemicals | Small Cap | Elantas Beck India Share Price

₹10,126.80 -268.40 (-2.58%)

As on 02-Jul'26 16:59

Elantas Beck India Ltd (ELANTAS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500123 NSE: ELANTAS Chemicals | Small Cap | Elantas Beck India Share Price

₹10,126.80 -268.40 (-2.58%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹8,028 Cr.
Current Price
₹10,126.8
52-Week Low / High
₹7,111 / 14,250
TTM EPS
₹184.2
TTM Sales
₹864 Cr.
Book Value per Share
₹1,311
P/E Ratio
54.99
Higher than its 5-year historical median
Industry PE
52.9
Price to Book (P/B)
7.72
In line with its 5-year historical median
Price to Sales (P/S)
9.29
Higher than its 5-year historical median
EV/EBITDA
36.58
Higher than its 5-year historical median
Dividend Yield
0.07%
Profitability Efficiency
Return on Equity (ROE)
15.76%
Outperforms industry median
Return on Capital Employed (ROCE)
21.23%
Outperforms industry median
Return on Assets (ROA)
13.55%
Operating Profit Margin
20.3%
Net Profit Margin
17.43%
Gross Profit Margin
25.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
13.27%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
19.26%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
5.89%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,031 Cr.
Equity
₹7.9 Cr.
Face Value
₹10
All Time Low / High
₹33.50 / 14980.00

Elantas Beck India stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Elantas Beck India Ltd a good quality company?
Elantas Beck India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Elantas Beck India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Elantas Beck India Ltd vs industry peers?
Elantas Beck India Ltd revenue CAGR is 17.22%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Elantas Beck India Ltd?
Promoters hold 75.00% of the Elantas Beck India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Elantas Beck India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 20.3% based on the current price.

10 Year X-Ray :

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

Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
ROCE % 41.2%32.6%29%17.7%19.5%19.4%23.5%27.7%23%21.2%-
Value Creation
Index
1.91.31.10.30.40.40.71.10.70.6-

Growth Parameters

Sales 365383409394383522645680749848864
Sales YoY Gr.-4.7%6.9%-3.7%-2.8%36.3%23.5%5.5%10.1%13.3%-
Adj EPS 68.969.266.862.477.666.7114172.7174.9186.4184.2
YoY Gr.-0.4%-3.5%-6.5%24.3%-14.1%70.9%51.5%1.3%6.5%-
BVPS (₹) 279.9350.2427.6484.4557636.6755.1923.31,093.81,271.81,311
Adj Net
Profit
54.654.852.949.561.552.990.4137139148146
Cash Flow from Ops. 55.950.83347.979.428.58313363.2127-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.8%17.2%9.6%13.3%
Adj EPS 11.7%19.2%17.8%6.5%
BVPS18.3%18%19%16.3%
Share Price 20.2% 22.1% 15.9% -17.6%

Key Financial Parameters

Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Return on
Equity %
27.82217.213.714.911.216.420.617.315.814.3
Op. Profit
Mgn %
21.620.516.113.718.41517.121.119.320.320.3
Net Profit
Mgn %
1514.312.912.616.110.11420.118.517.416.9
Debt to
Equity
0000000000-
Working Cap
Days
105112128145154138122107105107186
Cash Conv.
Cycle
43476165524648394250159

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales365383409394383522645680749848
Operating Expenses + 287304344340313444535537604676
Manufacturing Costs28313336334955556466
Material Costs205219252236216325403396444496
Employee Cost 22232627283138404756
Other Costs 32323441363939454958
Operating Profit 797865547078110143144172
Operating Profit Margin (%) 21.5%20.5%15.8%13.7%18.4%15.0%17.1%21.1%19.3%20.3%
Other Income + 891218221621535548
Exceptional Items 001900911000
Interest 0000001111
Depreciation 5677121212121521
Profit Before Tax 818189648091129184183199
Tax 26262314182431464451
Profit After Tax 54556650626798137140148
PAT Margin (%) 14.9%14.4%16.1%12.6%16.1%12.8%15.2%20.2%18.7%17.4%
Adjusted EPS (₹)68.769.583.062.577.984.4123.3173.2176.1186.4
Dividend Payout Ratio (%)6.60%6.50%5.40%8%6.40%5.90%4.10%2.90%4.30%4%

Valuation of Elantas Beck India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25

Equity and Liabilities

Shareholders Fund + 2222783393844425055997328671,008
Share Capital 8888888888
Reserves 2142703313764344975917248591,000
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables41444936617674889283
Others Liabilities 27262736343845615675
Total Liabilities 2913484154565366187178811,0151,166

Fixed Assets

Net Fixed Assets +36406510598939495219235
Gross Block964577124128135146158297334
Accumulated Depreciation6061219304252647899
CWIP 51501018191317198
Investments 109139174160218261356517379592
Inventories56455150538480739597
Trade Receivables537384617187102102127140
Cash Equivalents 172210242718425715369
Others Assets 13143246535630192524
Total Assets 2913484154565366187178811,0151,166

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash Flow From Operating Activity + 5651334879298313363127
PBT 818189648091129184183199
Adjustment 0-0-21-4-6-9-12-32-29-17
Changes in Working Capital 1-5-16321-35-420-51-14
Tax Paid -26-24-19-16-16-19-30-38-40-40
Cash Flow From Investing Activity + -51-45-32-40-69-33-76-13278-194
Capex -5-202-12-1693-12-145-31
Net Investments -51-31-39-3-48-43-85-122211-168
Others 566-24-5263125
Cash Flow From Financing Activity + -5-5-4-5-4-4-5-5-5-6
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-0-0-0-0-0-1-1-1-0
Dividend Paid -5-4-4-4-4-4-4-4-4-6
Others 0-1-1-1000000
Net Cash Flow 02-346-82-3136-74

Financial Ratio

PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Ratios
ROE (%)27.6922.0521.3413.7114.9614.1417.7320.6417.4615.76
ROCE (%)41.2132.552917.7419.4819.3723.5227.6923.0321.23
Asset Turnover Ratio1.561.271.070.90.770.90.970.850.790.78
PAT to CFO Conversion(x)1.040.930.50.961.270.430.850.970.450.86
Working Capital Days
Receivable Days48.4056.8069.906762.705553.6054.9055.7057.40
Inventory Days47.6045.4042.8046.7048.8047.8046.4041.104141.40
Payable Days70.7071.1067.2065.9082.2076.9067.9074.407464.70

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Elantas Beck India Ltd FAQs

The current trading price of Elantas Beck India on 02-Jul-2026 16:59 is ₹10,126.8.

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 01-Jul-2026 the market cap of Elantas Beck India stood at ₹8,028.2 Cr

The latest P/E ratio of Elantas Beck India as of 01-Jul-2026 is 54.99.

The latest P/B ratio of Elantas Beck India as of 01-Jul-2026 is 7.72.

The 52-week high of Elantas Beck India is ₹14,250 and the 52-week low is ₹7,111.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elantas Beck India is ₹864 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Elantas Beck India Ltd is a good quality company.

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.

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

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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