Elantas Beck India Ltd.
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ABOUT
AI Sector View
AI GENERATEDChemicals
The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 24.0%
- Latest quarter profit grew 80.4% YoY, showing strong momentum
- Company generates healthy free cash flow
CONS
- Stock is trading at 7.5x its book value
- Though reporting repeated profits, the company pays out little dividend (4.0%)
- Rich enterprise valuation - EV/EBITDA of 34.1x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 20550.00 | 93.38 | 185957.06 | 0.05 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| PIDILITIND | 1636.40 | 62.88 | 166565.83 | 1.31 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2597.00 | 35.61 | 76981.53 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4731.25 | 84.51 | 51972.78 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 9.58 | 26.83 |
| NAVINFLUOR | 8538.25 | 55.47 | 43808.15 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1138.55 | 32.62 | 38352.18 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| DEEPAKNTR | 1733.65 | 30.19 | 23645.78 | 0.43 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| AETHER | 1646.05 | 92.89 | 21847.67 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| ATUL | 6484.40 | 24.00 | 19091.21 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 505.45 | 34.53 | 18334.02 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1417.10 | 18.24 | 17949.40 | 0.71 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| ELANTAS | 11929.55 | 53.26 | 9457.37 | 0.06 | 70.86 | 80.36 | 283.39 | 34.99 | 21.23 | 28.83 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 173 | 163 | 174 | 177 | 191 | 184 | 197 | 206 | 210 | 217 | 215 | 222 | 283 | |
| 138 | 126 | 138 | 139 | 153 | 150 | 162 | 166 | 170 | 169 | 170 | 179 | 208 | |
| Operating Profit | 35 | 38 | 36 | 38 | 39 | 33 | 35 | 40 | 40 | 47 | 45 | 43 | 82 |
| OPM % | 20.28% | 23.07% | 20.46% | 21.27% | 20.22% | 18.06% | 17.75% | 19.59% | 18.88% | 21.79% | 20.90% | 19.52% | 28.83% |
| Other Income | 15 | 12 | 17 | 15 | 17 | 12 | 10 | 9 | 18 | 7 | 14 | 3 | 19 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 6 | 6 | 6 | 6 |
| 47 | 47 | 49 | 49 | 52 | 42 | 40 | 44 | 53 | 49 | 53 | 40 | 95 | |
| Tax % | 25.37% | 25.34% | 24.66% | 25.41% | 20.13% | 25.31% | 25.61% | 25.81% | 25.66% | 25.33% | 25.51% | 23.11% | 25.31% |
| Net Profit | 35 | 35 | 37 | 37 | 42 | 31 | 30 | 33 | 39 | 36 | 39 | 31 | 71 |
| 45 | 44 | 47 | 47 | 53 | 39 | 38 | 41 | 50 | 46 | 50 | 39 | 9 | |
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|
| 680 | 749 | 848 | 937 | |
| 537 | 604 | 676 | 726 | |
| Operating Profit | 196 | 199 | 220 | — |
| OPM % | 29 | 27 | 26 | — |
| Other Income | 53 | 55 | 48 | 43 |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 12 | 15 | 21 | 23 |
| 184 | 183 | 199 | 237 | |
| Tax % | 25 | 24 | 26 | 25 |
| Net Profit | 137 | 140 | 148 | 178 |
| EPS | 173 | 176 | 186 | — |
| Dividend Payout % | 3 | 4 | 4 | — |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | 173 | 176 | 186 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
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- 3 Years:
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STOCK PRICE CAGR
- 10 Years:
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- 5 Years:
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- 3 Years:
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- 1 Year:
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RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 18%
- Last Year:
- 16%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|
| LIABILITIES | - | - | - |
| Equity Capital | 8 | 8 | 8 |
| 724 | 859 | 1,000 | |
| Trade Payables | 88 | 92 | 83 |
| 61 | 56 | 75 | |
| Total Liabilities | 881 | 1,015 | 1,166 |
| ASSETS | - | - | - |
| 95 | 219 | 235 | |
| Capital Work in Progress | 10 | 10 | 8 |
| 517 | 379 | 592 | |
| 73 | 95 | 97 | |
| 102 | 127 | 140 | |
| Cash & Bank | 57 | 153 | 69 |
| 27 | 33 | 24 | |
| Total Assets | 881 | 1,015 | 1,166 |
| Total Debt | 0 | 0 | 0 |
| Net Working Capital | 635 | 648 | 790 |
| Contingent Liabilities | 4 | 3 | 3 |
| Book Value per Share | 923.34 | 1093.78 | 1271.75 |
| Face Value | 10.00 | 10.00 | 10.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|
| 133 | 63 | 127 | |
| Cash from Investing | -132 | 78 | -194 |
| Cash from Financing | -5 | -5 | -6 |
| -3 | 136 | -74 | |
| Free Cash Flow | 133 | -75 | 92 |
| OCF / Net Profit | 0.97 | 0.45 | 0.86 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|
| PER SHARE | |||
| EPS (₹) | 173.18 | 176.05 | 186.41 |
| Book Value (₹) | 923.34 | 1093.78 | 1271.75 |
| Dividend per Share (₹) | 5.00 | 7.50 | 7.50 |
| Cash EPS (₹) | 188.19 | 195.01 | 213.24 |
| PROFITABILITY | |||
| Operating Margin % | 21.05% | 19.29% | 20.31% |
| Net Margin % | 20.19% | 18.65% | 17.43% |
| ROE % | 20.64% | 17.46% | 15.76% |
| ROCE % | 27.69% | 23.03% | 21.23% |
| 17.18% | 14.72% | 13.55% | |
| EFFICIENCY | |||
| Debtor Days | 55 | 56 | 57 |
| Inventory Days | 41 | 41 | 41 |
| Payable Days | 74 | 74 | 65 |
| 22 | 23 | 34 | |
| FINANCIAL HEALTH | |||
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 322.52x | 279.59x | 387.71x |
| 6.12x | 6.26x | 7.47x | |
| GROWTH | |||
| Revenue Growth % | 5.46% | 10.09% | 13.27% |
| Operating Profit Growth % | 49.21% | 1.55% | 10.63% |
| Net Profit Growth % | 40.41% | 1.65% | 5.89% |
| 40.41% | 1.65% | 5.89% | |
| VALUATION | |||
| P/E (x) | 49.04x | 72.59x | 51.36x |
| P/B (x) | 9.20x | 11.68x | 7.53x |
| Dividend Yield % | 0.06% | 0.06% | 0.08% |
| 34.05x | 50.10x | 34.13x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for ELANTAS
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AI Stock Analyst
Elantas Beck India Ltd.
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