Elantas Beck India Ltd - Stock Valuation and Financial Performance

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

Elantas Beck India Share Price

8,943.90 -56.75 -0.63%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Elantas Beck India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Elantas Beck India stock performance -

mw4me loader
P/E Ratio (SA):
51.97
Market Cap:
7,135.4 Cr.
52-wk low:
4,760.4
52-wk high:
9,298

Is Elantas Beck India Ltd an attractive stock to invest in?

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 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.

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'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22TTM
ROCE % 25.2%24.6%27.3%27.8%22%17.2%13.8%14.9%11.2%16.5%-
Value Creation
Index
0.80.81.01.00.60.20.00.1-0.20.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 304341344365383409394383522645680
Sales YoY Gr.-12.2%0.8%6.1%4.7%6.9%-3.7%-2.8%36.3%23.5%-
Adj EPS 37.437.652.868.969.266.862.477.666.7114173.2
YoY Gr.-0.6%40.4%30.4%0.4%-3.5%-6.5%24.3%-14.1%70.9%-
BVPS (₹) 136.6171.1216.6279.9350.2427.6484.4557636.6755.1923.3
Adj Net
Profit
29.729.841.954.654.852.949.561.552.990.4137
Cash Flow from Ops. 23.230.646.455.950.83347.979.428.583-
Debt/CF from Ops. 0000000000-

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%
BVPS20.9%16.6%16%18.6%
Share Price 31.5% 30.2% 39.5% 82.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22TTM
Return on
Equity %
25.124.527.327.82217.213.714.911.216.420.6
Op. Profit
Mgn %
13.612.518.221.620.516.113.718.41517.721.6
Net Profit
Mgn %
9.88.712.21514.312.912.616.110.11420.2
Debt to
Equity
00000000000
Working Cap
Days
10098106105112128145154138122186
Cash Conv.
Cycle
58545143476165524647156

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 9.75 -
PE 51.97 -
From the Market
52 Week Low / High (₹) 4760.35 / 9298.00
All Time Low / High (₹) 33.50 / 8948.45
Market Cap (₹ Cr.) 7,135
Equity (₹ Cr.) 7.9
Face Value (₹) 10
Industry PE 47

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Sales304341344365383409394383522645
Operating Expenses 265299282287304344340313444531
Manufacturing Costs25282828313336334954
Material Costs198224202205219252236216325403
Employee Cost 17192122232627283135
Other Costs 26293032323441363939
Operating Profit 394262797865547078114
Operating Profit Margin (%) 12.9%12.3%18.1%21.5%20.5%15.8%13.7%18.4%15.0%17.6%
Other Income 1186891218221618
Interest 0000000001
Depreciation 5565677121212
Exceptional Items 000001900911
Profit Before Tax 454562818189648091129
Tax 13132026262314182431
Profit After Tax 32324254556650626798
PAT Margin (%) 10.4%9.3%12.1%14.9%14.4%16.1%12.6%16.1%12.8%15.2%
Adjusted EPS (₹)40.139.952.768.769.583.062.577.984.4123.3
Dividend Payout Ratio (%)137%11%9%7%6%5%8%6%6%4%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22

Equity and Liabilities

Shareholders Fund 108136172222278339384442505599
Share Capital 8888888888
Reserves 100128164214270331376434497591
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables24343841444936617675
Others Liabilities 69232627262736343844
Total Liabilities 201192236291348415456536618717

Fixed Assets

Gross Block9294100964577124128135146
Accumulated Depreciation4449566061219304252
Net Fixed Assets484545364065105989394
CWIP 010515010181913
Investments 453064109139174160218261356
Inventories44525156455150538480
Trade Receivables474956537384617187102
Cash Equivalents 1171217221024271842
Others Assets68813143246535630
Total Assets 201192236291348415456536618717

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Cash Flow From Operating Activity 23314656513348792983
PBT 454562818189648091129
Adjustment -21300-21-4-6-9-12
Changes in Working Capital -8-121-5-16321-35-4
Tax Paid -12-14-20-26-24-19-16-16-19-30
Cash Flow From Investing Activity 6219-42-51-45-32-40-69-33-76
Capex -4-3-7-5-202-12-1693
Net Investments 6320-38-51-31-39-3-48-43-85
Others 223566-24-526
Cash Flow From Financing Activity -85-51-4-5-5-4-5-4-4-5
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000000-1
Dividend Paid -85-51-4-5-4-4-4-4-4-4
Others 0000-1-1-1000
Net Cash Flow 0-2002-346-82
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Ratios
ROE (%)26.8625.9127.1727.6922.0521.3413.7114.9614.1417.73
ROCE (%)37.8837.0740.2941.2132.552917.7419.4819.3723.52
Asset Turnover Ratio1.51.941.811.561.271.070.90.770.90.97
PAT to CFO Conversion(x)0.720.971.11.040.930.50.961.270.430.85
Working Capital Days
Receivable Days46465048577067635554
Inventory Days47454848454347494846
Payable Days46476571716766827768

Elantas Beck India Ltd Stock 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 28-Mar-2024 16:01 is ₹8,943.9.
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 28-Mar-2024 16:01 the market cap of Elantas Beck India stood at ₹7,135.4.
The latest P/E ratio of Elantas Beck India as of 28-Mar-2024 16:01 is 51.97.
The latest P/B ratio of Elantas Beck India as of 28-Mar-2024 16:01 is 9.75.
The 52-week high of Elantas Beck India is ₹9,298 and the 52-week low is ₹4,760.4.
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 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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