Elantas Beck India Ltd.

•

₹ 11,550-0.43%

2026-08-21

elantas.com/beck-indiaBSE: 500123NSE: ELANTAS

Market Cap₹ 9,202 Cr.

Current Price₹ 11,600

High / Low₹ 13,200 / 8,900

Stock P/E0.0

Book Value₹ 1,393

Price to Book7.53

Dividend Yield0.06 %

ROCE21.2 %

ROE15.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

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

EDIT COLUMNS

ChemicalsChemicalsChemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	SOLARINDS	19800.00	89.97	179170.31	0.06	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1650.00	63.40	167935.41	1.30	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2575.00	35.31	76329.39	0.35	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4679.55	83.59	51404.86	0.06	219.00	19.02	1588.00	23.97	10.02	26.83
5.	NAVINFLUOR	8281.50	53.80	42484.11	0.18	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1217.10	34.87	40998.14	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	DEEPAKNTR	1767.85	30.78	24112.24	0.42	345.01	207.36	2577.60	36.39	11.58	20.96
8.	AETHER	1639.40	92.52	21759.40	0.00	62.75	33.45	326.56	27.49	11.65	31.47
9.	ATUL	6581.75	24.36	19377.83	0.46	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	526.90	35.99	19112.07	0.19	155.00	260.47	2387.00	42.42	6.39	16.00
11.	DEEPAKFERT	1474.65	18.98	18678.34	0.68	490.04	100.95	3256.26	22.47	12.12	25.96
12.	ELANTAS	11608.00	0.00	9202.45	0.06	70.86	80.36	283.39	34.99	21.23	28.83

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
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%
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%

Jun 2023

: 173
: 138
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 0
Depreciation: 3
: 47
Tax %: 25.37%
Net Profit: 35
: 45
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 163
: 126
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 0
Depreciation: 3
: 47
Tax %: 25.34%
Net Profit: 35
: 44
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 174
: 138
Operating Profit: —
OPM %: —
Other Income: 17
Interest: 0
Depreciation: 3
: 49
Tax %: 24.66%
Net Profit: 37
: 47
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 177
: 139
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 0
Depreciation: 3
: 49
Tax %: 25.41%
Net Profit: 37
: 47
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 191
: 153
Operating Profit: —
OPM %: —
Other Income: 17
Interest: 0
Depreciation: 3
: 52
Tax %: 20.13%
Net Profit: 42
: 53
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 184
: 150
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 0
Depreciation: 4
: 42
Tax %: 25.31%
Net Profit: 31
: 39
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 197
: 162
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 0
Depreciation: 5
: 40
Tax %: 25.61%
Net Profit: 30
: 38
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 206
: 166
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 0
Depreciation: 5
: 44
Tax %: 25.81%
Net Profit: 33
: 41
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 210
: 170
Operating Profit: —
OPM %: —
Other Income: 18
Interest: 0
Depreciation: 5
: 53
Tax %: 25.66%
Net Profit: 39
: 50
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 217
: 169
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 0
Depreciation: 6
: 49
Tax %: 25.33%
Net Profit: 36
: 46
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 215
: 170
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 0
Depreciation: 6
: 53
Tax %: 25.51%
Net Profit: 39
: 50
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 222
: 179
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 0
Depreciation: 6
: 40
Tax %: 23.11%
Net Profit: 31
: 39
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 283
: 208
Operating Profit: —
OPM %: —
Other Income: 19
Interest: 0
Depreciation: 6
: 95
Tax %: 25.31%
Net Profit: 71
: 9
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 8
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	173	176	186	—

Dec 2023

: 680
: 537
Operating Profit: 196
OPM %: 29
Other Income: 53
Interest: 1
Depreciation: 12
: 184
Tax %: 25
Net Profit: 137
EPS: 173
Dividend Payout %: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 173
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 173

Dec 2024

: 749
: 604
Operating Profit: 199
OPM %: 27
Other Income: 55
Interest: 1
Depreciation: 15
: 183
Tax %: 24
Net Profit: 140
EPS: 176
Dividend Payout %: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 176
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 176

Dec 2025

: 848
: 676
Operating Profit: 220
OPM %: 26
Other Income: 48
Interest: 1
Depreciation: 21
: 199
Tax %: 26
Net Profit: 148
EPS: 186
Dividend Payout %: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 186
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 186

TTM

: 937
: 726
Operating Profit: —
OPM %: —
Other Income: 43
Interest: 1
Depreciation: 23
: 237
Tax %: 25
Net Profit: 178
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 18%
Last Year:: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
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

Dec 2023

Equity Capital: 8
: 724
Trade Payables: 88
: 61
Total Liabilities: 881
: 95
Capital Work in Progress: 10
: 517
: 73
: 102
Cash & Bank: 57
: 27
Total Assets: 881
Total Debt: 0
Net Working Capital: 635
Contingent Liabilities: 4
Book Value per Share: 923.34
Face Value: 10.00
Total Debt: 0
Net Working Capital: 635
Contingent Liabilities: 4
Book Value per Share: 923.34
Face Value: 10.00

Dec 2024

Equity Capital: 8
: 859
Trade Payables: 92
: 56
Total Liabilities: 1,015
: 219
Capital Work in Progress: 10
: 379
: 95
: 127
Cash & Bank: 153
: 33
Total Assets: 1,015
Total Debt: 0
Net Working Capital: 648
Contingent Liabilities: 3
Book Value per Share: 1093.78
Face Value: 10.00
Total Debt: 0
Net Working Capital: 648
Contingent Liabilities: 3
Book Value per Share: 1093.78
Face Value: 10.00

Dec 2025

Equity Capital: 8
: 1,000
Trade Payables: 83
: 75
Total Liabilities: 1,166
: 235
Capital Work in Progress: 8
: 592
: 97
: 140
Cash & Bank: 69
: 24
Total Assets: 1,166
Total Debt: 0
Net Working Capital: 790
Contingent Liabilities: 3
Book Value per Share: 1271.75
Face Value: 10.00
Total Debt: 0
Net Working Capital: 790
Contingent Liabilities: 3
Book Value per Share: 1271.75
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	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
OCF / Net Profit	0.97	0.45	0.86
Cumulative 5-Year FCF	0	0	0

Dec 2023

: 133
Cash from Investing: -132
Cash from Financing: -5
: -3
Free Cash Flow: 133
OCF / Net Profit: 0.97
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.97
Cumulative 5-Year FCF: 0

Dec 2024

: 63
Cash from Investing: 78
Cash from Financing: -5
: 136
Free Cash Flow: -75
OCF / Net Profit: 0.45
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.45
Cumulative 5-Year FCF: 0

Dec 2025

: 127
Cash from Investing: -194
Cash from Financing: -6
: -74
Free Cash Flow: 92
OCF / Net Profit: 0.86
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.86
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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

Dec 2023

EPS (₹): 173.18
Book Value (₹): 923.34
Dividend per Share (₹): 5.00
Cash EPS (₹): 188.19
Operating Margin %: 21.05%
Net Margin %: 20.19%
ROE %: 20.64%
ROCE %: 27.69%
: 17.18%
Debtor Days: 55
Inventory Days: 41
Payable Days: 74
: 22
Debt to Equity (x): 0.00x
Interest Coverage (x): 322.52x
: 6.12x
Revenue Growth %: 5.46%
Operating Profit Growth %: 49.21%
Net Profit Growth %: 40.41%
: 40.41%
P/E (x): 49.04x
P/B (x): 9.20x
Dividend Yield %: 0.06%
: 34.05x

Dec 2024

EPS (₹): 176.05
Book Value (₹): 1093.78
Dividend per Share (₹): 7.50
Cash EPS (₹): 195.01
Operating Margin %: 19.29%
Net Margin %: 18.65%
ROE %: 17.46%
ROCE %: 23.03%
: 14.72%
Debtor Days: 56
Inventory Days: 41
Payable Days: 74
: 23
Debt to Equity (x): 0.00x
Interest Coverage (x): 279.59x
: 6.26x
Revenue Growth %: 10.09%
Operating Profit Growth %: 1.55%
Net Profit Growth %: 1.65%
: 1.65%
P/E (x): 72.59x
P/B (x): 11.68x
Dividend Yield %: 0.06%
: 50.10x

Dec 2025

EPS (₹): 186.41
Book Value (₹): 1271.75
Dividend per Share (₹): 7.50
Cash EPS (₹): 213.24
Operating Margin %: 20.31%
Net Margin %: 17.43%
ROE %: 15.76%
ROCE %: 21.23%
: 13.55%
Debtor Days: 57
Inventory Days: 41
Payable Days: 65
: 34
Debt to Equity (x): 0.00x
Interest Coverage (x): 387.71x
: 7.47x
Revenue Growth %: 13.27%
Operating Profit Growth %: 10.63%
Net Profit Growth %: 5.89%
: 5.89%
P/E (x): 51.36x
P/B (x): 7.53x
Dividend Yield %: 0.08%
: 34.13x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00
	0.67	0.67	0.67	0.51	0.04	0.04	0.03	0.04	0.05
	11.91	11.88	11.71	11.71	12.17	12.17	12.21	12.25	12.28
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	12.42	12.44	12.62	12.79	12.79	12.79	12.75	12.71	12.67

Jun 2024

: 75.00
: 0.67
: 11.91
Government: 0.00
: 12.42

Sep 2024

: 75.00
: 0.67
: 11.88
Government: 0.00
: 12.44

Dec 2024

: 75.00
: 0.67
: 11.71
Government: 0.00
: 12.62

Mar 2025

: 75.00
: 0.51
: 11.71
Government: 0.00
: 12.79

Jun 2025

: 75.00
: 0.04
: 12.17
Government: 0.00
: 12.79

Sep 2025

: 75.00
: 0.04
: 12.17
Government: 0.00
: 12.79

Dec 2025

: 75.00
: 0.03
: 12.21
Government: 0.00
: 12.75

Mar 2026

: 75.00
: 0.04
: 12.25
Government: 0.00
: 12.71

Jun 2026

: 75.00
: 0.05
: 12.28
Government: 0.00
: 12.67

Documents

Announcements

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Annual Reports

Credit Ratings

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Concalls

Nothing filed yet.