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Elantas Beck India Ltd. Stock Analysis

Small Cap
Evaluated by 471 users | BSE: 500123 | NSE: DRBECK |
Chemicals
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 &...

Analysis of Financial Track Record

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.
Value Creation
 Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19
Return on Capital Employed 21.23%13.91%15.55%25.2%24.6%27.34%27.82%21.96%17.22%13.7%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 251269274304341344365383409394
Y-o-Y Gr. Rt.-7.2%2%10.9%12.2%0.8%6.1%4.7%6.9%-3.7%
Adjusted EPS (Rs.) 40.330.6430.6637.4237.6352.8368.8869.0166.7662.16
Y-o-Y Gr. Rt.--24%0.1%22.1%0.6%40.4%30.4%0.2%-3.3%-6.9%
Book Value per Share (Rs.) 207.77233.76161.62136.61171.08216.59279.89350.2427.63484.41
Adjusted Net Profit 3224.324.329.729.841.954.654.752.949.3
Net Op. Cash Flow (Rs. Cr.) 16.334.125.623.230.646.455.950.83347.9
Debt to Cash Flow from Ops 0000000000
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Elantas Beck India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5.1%2.9%2.6%-3.7%
Adjusted EPS 4.9%10.6%-3.4%-6.9%
Book Value per Share 9.923.120.113.3
Share Price 4% 15.5% 8.9% 7.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19
Return on Equity (%) 21.2113.8815.5125.124.4627.2527.7521.9117.1713.63
Operating Profit Margin (%) 18.2613.2811.6513.5512.4518.1621.5920.4616.0813.67
Net Profit Margin (%) 12.739.038.859.758.7412.1714.9514.312.9412.51
Debt to Equity 0000000000
Working Capital Days 10210810510098106105114131145
Cash Conversion Cycle 66665858545143476165
Entity Percentage Holding
Promoters 75.00%
Institutions 11.70%
Non-Institutions 13.30%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Elantas Beck India's performance infers:

Elantas Beck India earnings have grown by 10.6%, whereas share price has appreciated 15.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Elantas Beck India share prices over the last 10 years. Here is what we found out:

Elantas Beck India share price has appreciated 12.8% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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