Elantas Beck India

₹10550 118.1 | 1.1%

WEBSITE BSE:500123 NSE : ELANTAS 10 May, 16:01

Market Cap ₹8364 Cr.

Stock P/E 58.0

P/B 10.9

Current Price ₹10550

Book Value ₹ 969.9

Face Value 10

52W High ₹11788.9

Dividend Yield 0.05%

52W Low ₹ 5801.6

Edit Ratio

Elantas Beck India Research see more...

Overview Inc. Year: 1956Industry: Chemicals

ELANTAS Beck India Ltd manufactures and sells a range of chemical compounds for the electrical insulation and construction industries frequently in India. It operates thru two segments, Electrical Insulations, and Engineering & Electronic Resins and Materials. The corporation offers electrical insulation device merchandise, along with wire enamels, insulating varnishes and resins, and casting and potting compounds for light and heavy electric industries; flexible electrical insulation materials; and electronic protection materials, together with potting compounds and thermal interface materials. It additionally presents industrial coatings, together with reactive polyamides and creation chemical compounds used for post-construction coating packages; construction chemicals comprising various resinous construction chemicals for business floorings, shielding coatings, structural repairs, waterproofing, adhesives, and sealants, in addition to speciality epoxy and polyurethane anti-microbial floorings, and wall coating structures; and polyamide hardeners for epoxy structures. In addition, the enterprise offers impregnating substances, along with cresol-free twine enamels, water-soluble varnishes, and monomer-free UP resins; binder resins for glass-fibre filament wound arc chamber tubes; diamond dotted paper for oil-filled transformers; impregnation of high-voltage electric gadget windings; and casting, potting, and encapsulation of electrical and electronic components, which includes vehicle-electrical components, high-voltage insulators, tool transformers, and so forth. Further, it gives wire enamels, together with primers, lubricants, and binder vanishes for fiberglass coated conductors; published circuit boards (PCBs) and PCBs safety solutions; and tooling and composite materials, in addition to thermal management solutions. The organisation was incorporated in 1956 and is primarily based in Pune, India. It is a subsidiary of ELANTAS GmbH.

Elantas Beck India Share Price

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Peer Comparison

Elantas Beck India Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	146	156	171	153	165	169	173	163	174	177
Other Income	4	4	1	5	8	8	13	11	17	15
Total Income	150	161	172	158	172	178	187	175	191	192
Total Expenditure	124	126	141	129	136	134	136	125	138	139
Operating Profit	26	35	31	30	36	43	51	50	52	53
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	3	3	3	3	3	3	3	3	3	3
Exceptional Income / Expenses	-0	0	0	8	2	0	0	0	0	0
Profit Before Tax	22	31	28	35	35	40	47	47	49	49
Provision for Tax	6	8	7	8	9	10	12	12	12	13
Profit After Tax	17	24	21	27	26	30	35	35	37	37
Adjustments	0	0	0	0	0	0	-0	0	0	0
Profit After Adjustments	17	24	21	27	26	30	35	35	37	37
Adjusted Earnings Per Share	20.9	29.9	26	34.1	33.4	37.9	44.7	43.9	46.7	46.6

Elantas Beck India Profit & Loss

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	TTM
Net Sales	304	341	344	365	383	409	394	383	522	645	680	687
Other Income	11	8	6	8	9	12	18	22	16	21	53	56
Total Income	315	350	350	373	391	421	412	405	538	666	733	745
Total Expenditure	265	299	282	287	304	344	340	313	444	535	537	538
Operating Profit	50	51	68	86	87	77	71	92	95	131	196	206
Interest	0	0	0	0	0	0	0	0	0	1	1	0
Depreciation	5	5	6	5	6	7	7	12	12	12	12	12
Exceptional Income / Expenses	0	0	0	0	0	19	0	0	9	11	0	0
Profit Before Tax	45	45	62	81	81	89	64	80	91	129	184	192
Provision for Tax	13	13	20	26	26	23	14	18	24	31	46	49
Profit After Tax	32	32	42	54	55	66	50	62	67	98	137	144
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	32	32	42	54	55	66	50	62	67	98	137	144
Adjusted Earnings Per Share	40.1	39.9	52.7	68.7	69.5	83	62.5	77.9	84.4	123.3	173.2	181.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	21%	11%	8%
Operating Profit CAGR	50%	29%	21%	15%
PAT CAGR	40%	30%	16%	16%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	74%	44%	36%	34%
ROE Average	21%	18%	16%	21%
ROCE Average	28%	24%	22%	30%

Elantas Beck India Balance Sheet

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Shareholder's Funds	108	136	172	222	278	339	384	442	505	599	732
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	6	6	5	4	7	14	12	14	17	16	25
Total Current Liabilities	86	51	59	64	63	62	60	80	96	103	124
Total Liabilities	201	192	236	291	348	415	456	536	618	717	881
Fixed Assets	48	45	45	36	40	65	105	98	93	94	95
Other Non-Current Assets	3	5	4	8	20	27	43	66	68	37	27
Total Current Assets	150	143	187	246	283	323	308	373	457	587	759
Total Assets	201	192	236	291	348	415	456	536	618	717	881

Elantas Beck India Cash Flow

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Opening Cash & Cash Equivalents	6	6	3	3	4	5	2	6	12	3	6
Cash Flow from Operating Activities	23	31	46	56	51	33	48	79	29	83	133
Cash Flow from Investing Activities	62	19	-42	-51	-45	-32	-40	-69	-33	-76	-132
Cash Flow from Financing Activities	-85	-51	-4	-5	-5	-4	-5	-4	-4	-5	-5
Net Cash Inflow / Outflow	-0	-2	0	0	2	-3	4	6	-8	2	-3
Closing Cash & Cash Equivalent	6	4	3	4	5	2	6	12	3	6	3

Elantas Beck India Ratios

#	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Earnings Per Share (Rs)	40.05	39.87	52.67	68.73	69.48	82.98	62.52	77.91	84.36	123.34	173.18
CEPS(Rs)	46.84	46.71	60.17	75.27	76.53	91.28	71.79	92.67	99.64	138.97	188.19
DPS(Rs)	55	4.5	5	4.5	4.5	4.5	5	5	5	5	5
Book NAV/Share(Rs)	136.61	171.08	216.59	279.89	350.2	427.63	484.41	557.03	636.59	755.07	923.34
Core EBITDA Margin(%)	11.52	11.02	16.11	19.19	19.28	15.83	13.66	18.36	14.99	17.09	21.05
EBIT Margin(%)	13.14	11.82	16.02	19.79	20.02	21.85	16.27	20.99	17.55	20.13	27.09
Pre Tax Margin(%)	13.09	11.76	15.97	19.74	19.97	21.79	16.19	20.94	17.5	20.03	27.01
PAT Margin (%)	9.32	8.26	10.8	13.3	13.57	16.08	12.58	16.12	12.81	15.17	20.19
Cash Profit Margin (%)	10.89	9.68	12.34	14.56	14.94	17.69	14.44	19.18	15.13	17.09	21.94
ROA(%)	13.93	16.07	19.51	20.71	17.26	17.24	11.37	12.44	11.58	14.64	17.18
ROE(%)	26.86	25.91	27.17	27.69	22.05	21.34	13.71	14.96	14.14	17.73	20.64
ROCE(%)	37.88	37.07	40.29	41.21	32.55	29	17.74	19.48	19.37	23.52	27.69
Receivable days	45.62	45.9	49.64	48.44	56.76	69.9	67	62.69	55	53.57	54.87
Inventory Days	47.38	45.47	48.26	47.59	45.44	42.83	46.73	48.8	47.75	46.36	41.09
Payable days	45.63	46.87	64.78	70.7	71.05	67.18	65.9	82.18	76.86	67.85	74.36
PER(x)	13.93	24.8	29.3	26.45	32.38	27.14	39.54	35.37	43.56	35.25	49.04
Price/Book(x)	4.09	5.78	7.13	6.5	6.42	5.27	5.1	4.95	5.77	5.76	9.2
Dividend Yield(%)	9.85	0.46	0.32	0.25	0.2	0.2	0.2	0.18	0.14	0.11	0.06
EV/Net Sales(x)	1.42	2.27	3.52	3.9	4.6	4.34	4.91	5.63	5.55	5.28	9.82
EV/Core EBITDA(x)	8.6	15.34	17.86	16.5	20.27	23.14	27.07	23.42	30.61	25.91	34.05
Net Sales Growth(%)	10.88	12.2	0.8	6.13	4.74	6.94	-3.68	-2.77	36.28	23.48	5.46
EBIT Growth(%)	20.63	0.95	36.97	30.97	0.25	9.96	-28.27	25.43	13.92	41.61	41.96
PAT Growth(%)	15.14	-0.46	32.11	30.49	1.09	19.43	-24.66	24.62	8.29	46.2	40.41
EPS Growth(%)	15.14	-0.46	32.11	30.49	1.09	19.43	-24.66	24.62	8.29	46.2	40.41
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	1.74	2.79	3.15	3.82	4.49	5.23	5.11	4.65	4.75	5.69	6.12
Quick Ratio(x)	1.23	1.78	2.3	2.95	3.78	4.4	4.28	3.99	3.87	4.92	5.53
Interest Cover(x)	251.73	188.52	329.54	394.83	389.19	382.21	189.78	368.45	367.54	210.09	322.52
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Elantas Beck India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	3.99	4	3.76	3.67	0.82	0.8	0.74	0.74	0.71	0.7
DII	7.98	8.35	8.59	8.59	11.31	11.44	11.5	11.72	11.79	11.87
Public	13.03	12.65	12.65	12.74	12.87	12.76	12.75	12.54	12.5	12.43
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.59	0.59	0.59	0.59	0.59	0.59	0.59	0.59	0.59	0.59
FII	0.03	0.03	0.03	0.03	0.01	0.01	0.01	0.01	0.01	0.01
DII	0.06	0.07	0.07	0.07	0.09	0.09	0.09	0.09	0.09	0.09
Public	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Others	0	0	0	0	0	0	0	0	0	0
Total	0.79	0.79	0.79	0.79	0.79	0.79	0.79	0.79	0.79	0.79

Pros

Company is almost debt free.

Cons

Debtor days have increased from 67.85 to 74.36days.
Stock is trading at 10.9 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.