Ellenbarrie Industrial Gases Ltd.
•₹ 328.51.28%
2026-08-21
PROS
- Company has delivered good profit growth of 34.1% CAGR over last 5 years
- Promoters have been increasing their shareholding - up 77.2pp over 2 years
- Latest quarter profit grew 86.9% YoY, showing strong momentum
- Operating margins have improved to 33.7% from 25.5%
- Company comfortably covers its interest (14.6x coverage)
- Attractively priced for its growth - PEG of 0.5
CONS
- A large part of profit comes from other income (38.2% of PBT)
- Free cash flow has been persistently negative
- Equity base is being diluted - shares outstanding up 330.5%
- Working capital days have increased from 71 to 120 days
- Though reporting repeated profits, the company pays out little dividend (0.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| 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. | LINDEINDIA | 6694.75 | 104.50 | 57095.66 | 0.18 | 104.59 | -2.42 | 694.36 | 21.59 | 18.50 | 29.12 |
| 2. | PETRONET | 291.00 | 10.37 | 43650.00 | 3.44 | 1137.14 | 35.07 | 5557.84 | -53.22 | 28.76 | 28.14 |
| 3. | BHARATCOAL | 33.28 | 0.00 | 15498.50 | 0.00 | -68.09 | -202.39 | 3587.27 | -7.20 | 4.32 | -1.80 |
| 4. | ELLEN | 325.20 | 0.00 | 4583.23 | 0.00 | 34.96 | 86.86 | 98.72 | 18.04 | 15.70 | 38.12 |
| 5. | REFEX | 293.70 | 16.38 | 4030.14 | 0.51 | 64.55 | 216.87 | 916.30 | 139.09 | 24.06 | 11.67 |
| 6. | IRMENERGY | 285.80 | 16.05 | 1173.49 | 0.52 | 33.81 | 142.86 | 354.75 | 24.26 | 8.64 | 17.27 |
| 7. | NOL | 59.80 | 0.00 | 30.15 | 0.00 | -2.01 | -7.27 | 3.04 | -59.88 | 14.39 | -40.85 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 67 | 95 | 68 | 82 | 84 | 89 | 81 | 87 | 99 | |
| 45 | 58 | 41 | 58 | 53 | 56 | 56 | 60 | 69 | |
| Operating Profit | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — |
| Other Income | 8 | 7 | 9 | 11 | 7 | 13 | 16 | 15 | 17 |
| Interest | 4 | 4 | 4 | 5 | 5 | 1 | 1 | 2 | 2 |
| Depreciation | 5 | 5 | 5 | 6 | 5 | 5 | 5 | 6 | 6 |
| 21 | 34 | 28 | 24 | 28 | 40 | 34 | 33 | 46 | |
| Tax % | 23.16% | 14.06% | 31.82% | 24.32% | 32.77% | 8.11% | 23.76% | 31.24% | 24.74% |
| Net Profit | 16 | 30 | 19 | 18 | 19 | 37 | 26 | 23 | 35 |
| 1 | 2 | 1 | 1 | 1 | 3 | 2 | 2 | 0 | |
| Equity Capital | 26 | 26 | 26 | 26 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 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% |
| Equity Capital | 26 | 26 | 26 | 26 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 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% |
Jun 2024
- 67
- 45
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 4
- Depreciation
- 5
- 21
- Tax %
- 23.16%
- Net Profit
- 16
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 95
- 58
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 4
- Depreciation
- 5
- 34
- Tax %
- 14.06%
- Net Profit
- 30
- 2
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 68
- 41
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 4
- Depreciation
- 5
- 28
- Tax %
- 31.82%
- Net Profit
- 19
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 82
- 58
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 5
- Depreciation
- 6
- 24
- Tax %
- 24.32%
- Net Profit
- 18
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 84
- 53
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 5
- Depreciation
- 5
- 28
- Tax %
- 32.77%
- Net Profit
- 19
- 1
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 89
- 56
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 1
- Depreciation
- 5
- 40
- Tax %
- 8.11%
- Net Profit
- 37
- 3
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 81
- 56
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 1
- Depreciation
- 5
- 34
- Tax %
- 23.76%
- Net Profit
- 26
- 2
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 87
- 60
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 2
- Depreciation
- 6
- 33
- Tax %
- 31.24%
- Net Profit
- 23
- 2
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 99
- 69
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 2
- Depreciation
- 6
- 46
- Tax %
- 24.74%
- Net Profit
- 35
- 0
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 116 | 123 | 154 | 174 | 175 | 245 | 205 | 269 | 312 | 342 | 357 | |
| 100 | 105 | 125 | 149 | 129 | 164 | 171 | 208 | 203 | 227 | 242 | |
| Operating Profit | 19 | 21 | 31 | 148 | 51 | 92 | 52 | 82 | 146 | 167 | — |
| OPM % | 16 | 17 | 20 | 85 | 29 | 38 | 25 | 31 | 47 | 49 | — |
| Other Income | 2 | 3 | 2 | 123 | 5 | 11 | 19 | 21 | 36 | 52 | 60 |
| Interest | 11 | 11 | 14 | 17 | 11 | 5 | 4 | 8 | 17 | 10 | 7 |
| Depreciation | 7 | 7 | 10 | 11 | 13 | 12 | 11 | 10 | 21 | 21 | 23 |
| 0 | 2 | 7 | 120 | 27 | 85 | 37 | 64 | 108 | 135 | 154 | |
| Tax % | 0 | 0 | 0 | 25 | 12 | 21 | 24 | 29 | 23 | 23 | 22 |
| Net Profit | 0 | 2 | 7 | 89 | 24 | 67 | 28 | 45 | 83 | 104 | 121 |
| EPS | 1 | 3 | 11 | 137 | 37 | 5 | 2 | 69 | 6 | 7 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 1 | 7 | 2 | 5 | 2 | 3 | 6 | 7 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 1 | 7 | 2 | 5 | 2 | 3 | 6 | 7 | — |
Mar 2017
- 116
- 100
- Operating Profit
- 19
- OPM %
- 16
- Other Income
- 2
- Interest
- 11
- Depreciation
- 7
- 0
- Tax %
- 0
- Net Profit
- 0
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 123
- 105
- Operating Profit
- 21
- OPM %
- 17
- Other Income
- 3
- Interest
- 11
- Depreciation
- 7
- 2
- Tax %
- 0
- Net Profit
- 2
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 154
- 125
- Operating Profit
- 31
- OPM %
- 20
- Other Income
- 2
- Interest
- 14
- Depreciation
- 10
- 7
- Tax %
- 0
- Net Profit
- 7
- EPS
- 11
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2020
- 174
- 149
- Operating Profit
- 148
- OPM %
- 85
- Other Income
- 123
- Interest
- 17
- Depreciation
- 11
- 120
- Tax %
- 25
- Net Profit
- 89
- EPS
- 137
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2021
- 175
- 129
- Operating Profit
- 51
- OPM %
- 29
- Other Income
- 5
- Interest
- 11
- Depreciation
- 13
- 27
- Tax %
- 12
- Net Profit
- 24
- EPS
- 37
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2022
- 245
- 164
- Operating Profit
- 92
- OPM %
- 38
- Other Income
- 11
- Interest
- 5
- Depreciation
- 12
- 85
- Tax %
- 21
- Net Profit
- 67
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2023
- 205
- 171
- Operating Profit
- 52
- OPM %
- 25
- Other Income
- 19
- Interest
- 4
- Depreciation
- 11
- 37
- Tax %
- 24
- Net Profit
- 28
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2024
- 269
- 208
- Operating Profit
- 82
- OPM %
- 31
- Other Income
- 21
- Interest
- 8
- Depreciation
- 10
- 64
- Tax %
- 29
- Net Profit
- 45
- EPS
- 69
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2025
- 312
- 203
- Operating Profit
- 146
- OPM %
- 47
- Other Income
- 36
- Interest
- 17
- Depreciation
- 21
- 108
- Tax %
- 23
- Net Profit
- 83
- EPS
- 6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2026
- 342
- 227
- Operating Profit
- 167
- OPM %
- 49
- Other Income
- 52
- Interest
- 10
- Depreciation
- 21
- 135
- Tax %
- 23
- Net Profit
- 104
- EPS
- 7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
TTM
- 357
- 242
- Operating Profit
- —
- OPM %
- —
- Other Income
- 60
- Interest
- 7
- Depreciation
- 23
- 154
- Tax %
- 22
- Net Profit
- 121
- 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:
- 14%
- 5 Years:
- 14%
- 3 Years:
- 19%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 34%
- 3 Years:
- 55%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -36%
RETURN ON EQUITY
- 10 Years:
- 43%
- 5 Years:
- 17%
- 3 Years:
- 16%
- Last Year:
- 15%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 26 | 28 |
| 15 | 18 | 25 | 117 | 141 | 332 | 357 | 403 | 467 | 949 | |
| 74 | 65 | 49 | 24 | 47 | 11 | 45 | 68 | 78 | 88 | |
| Trade Payables | 3 | 7 | 11 | 24 | 26 | 16 | 18 | 18 | 14 | 15 |
| 132 | 165 | 191 | 174 | 150 | 79 | 167 | 201 | 306 | 285 | |
| Total Liabilities | 231 | 262 | 282 | 346 | 371 | 444 | 592 | 697 | 891 | 1,365 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 163 | 163 | 196 | 228 | 238 | 187 | 184 | 331 | 339 | 453 | |
| Capital Work in Progress | 7 | 26 | 10 | 5 | 0 | 0 | 71 | 0 | 45 | 78 |
| 0 | 0 | 0 | 0 | 0 | 97 | 111 | 170 | 194 | 397 | |
| 4 | 3 | 3 | 4 | 5 | 9 | 8 | 11 | 14 | 14 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45 | 83 | 63 | |
| Cash & Bank | 3 | 3 | 16 | 43 | 65 | 3 | 15 | 4 | 3 | 72 |
| 55 | 66 | 56 | 65 | 63 | 148 | 203 | 136 | 213 | 287 | |
| Total Assets | 231 | 262 | 282 | 346 | 371 | 444 | 592 | 697 | 891 | 1,365 |
| Total Debt | 188 | 210 | 214 | 136 | 133 | 11 | 101 | 177 | 245 | 180 |
| Net Working Capital | -39 | -27 | -34 | 22 | 13 | 114 | 105 | 118 | 61 | 112 |
| Contingent Liabilities | 8 | 7 | 0 | 6 | 9 | 14 | 14 | 9 | 10 | 8 |
| Book Value per Share | -2.06 | 1.93 | 12.58 | 153.74 | 189.97 | 481.34 | 519.12 | 590.65 | 35.91 | 67.69 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 |
| Total Debt | 188 | 210 | 214 | 136 | 133 | 11 | 101 | 177 | 245 | 180 |
| Net Working Capital | -39 | -27 | -34 | 22 | 13 | 114 | 105 | 118 | 61 | 112 |
| Contingent Liabilities | 8 | 7 | 0 | 6 | 9 | 14 | 14 | 9 | 10 | 8 |
| Book Value per Share | -2.06 | 1.93 | 12.58 | 153.74 | 189.97 | 481.34 | 519.12 | 590.65 | 35.91 | 67.69 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 7
- 15
- 74
- Trade Payables
- 3
- 132
- Total Liabilities
- 231
- 163
- Capital Work in Progress
- 7
- 0
- 4
- 0
- Cash & Bank
- 3
- 55
- Total Assets
- 231
- Total Debt
- 188
- Net Working Capital
- -39
- Contingent Liabilities
- 8
- Book Value per Share
- -2.06
- Face Value
- 10.00
- Total Debt
- 188
- Net Working Capital
- -39
- Contingent Liabilities
- 8
- Book Value per Share
- -2.06
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 7
- 18
- 65
- Trade Payables
- 7
- 165
- Total Liabilities
- 262
- 163
- Capital Work in Progress
- 26
- 0
- 3
- 0
- Cash & Bank
- 3
- 66
- Total Assets
- 262
- Total Debt
- 210
- Net Working Capital
- -27
- Contingent Liabilities
- 7
- Book Value per Share
- 1.93
- Face Value
- 10.00
- Total Debt
- 210
- Net Working Capital
- -27
- Contingent Liabilities
- 7
- Book Value per Share
- 1.93
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 7
- 25
- 49
- Trade Payables
- 11
- 191
- Total Liabilities
- 282
- 196
- Capital Work in Progress
- 10
- 0
- 3
- 0
- Cash & Bank
- 16
- 56
- Total Assets
- 282
- Total Debt
- 214
- Net Working Capital
- -34
- Contingent Liabilities
- 0
- Book Value per Share
- 12.58
- Face Value
- 10.00
- Total Debt
- 214
- Net Working Capital
- -34
- Contingent Liabilities
- 0
- Book Value per Share
- 12.58
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 7
- 117
- 24
- Trade Payables
- 24
- 174
- Total Liabilities
- 346
- 228
- Capital Work in Progress
- 5
- 0
- 4
- 0
- Cash & Bank
- 43
- 65
- Total Assets
- 346
- Total Debt
- 136
- Net Working Capital
- 22
- Contingent Liabilities
- 6
- Book Value per Share
- 153.74
- Face Value
- 10.00
- Total Debt
- 136
- Net Working Capital
- 22
- Contingent Liabilities
- 6
- Book Value per Share
- 153.74
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 7
- 141
- 47
- Trade Payables
- 26
- 150
- Total Liabilities
- 371
- 238
- Capital Work in Progress
- 0
- 0
- 5
- 0
- Cash & Bank
- 65
- 63
- Total Assets
- 371
- Total Debt
- 133
- Net Working Capital
- 13
- Contingent Liabilities
- 9
- Book Value per Share
- 189.97
- Face Value
- 10.00
- Total Debt
- 133
- Net Working Capital
- 13
- Contingent Liabilities
- 9
- Book Value per Share
- 189.97
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 7
- 332
- 11
- Trade Payables
- 16
- 79
- Total Liabilities
- 444
- 187
- Capital Work in Progress
- 0
- 97
- 9
- 0
- Cash & Bank
- 3
- 148
- Total Assets
- 444
- Total Debt
- 11
- Net Working Capital
- 114
- Contingent Liabilities
- 14
- Book Value per Share
- 481.34
- Face Value
- 10.00
- Total Debt
- 11
- Net Working Capital
- 114
- Contingent Liabilities
- 14
- Book Value per Share
- 481.34
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 7
- 357
- 45
- Trade Payables
- 18
- 167
- Total Liabilities
- 592
- 184
- Capital Work in Progress
- 71
- 111
- 8
- 0
- Cash & Bank
- 15
- 203
- Total Assets
- 592
- Total Debt
- 101
- Net Working Capital
- 105
- Contingent Liabilities
- 14
- Book Value per Share
- 519.12
- Face Value
- 10.00
- Total Debt
- 101
- Net Working Capital
- 105
- Contingent Liabilities
- 14
- Book Value per Share
- 519.12
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 7
- 403
- 68
- Trade Payables
- 18
- 201
- Total Liabilities
- 697
- 331
- Capital Work in Progress
- 0
- 170
- 11
- 45
- Cash & Bank
- 4
- 136
- Total Assets
- 697
- Total Debt
- 177
- Net Working Capital
- 118
- Contingent Liabilities
- 9
- Book Value per Share
- 590.65
- Face Value
- 10.00
- Total Debt
- 177
- Net Working Capital
- 118
- Contingent Liabilities
- 9
- Book Value per Share
- 590.65
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 26
- 467
- 78
- Trade Payables
- 14
- 306
- Total Liabilities
- 891
- 339
- Capital Work in Progress
- 45
- 194
- 14
- 83
- Cash & Bank
- 3
- 213
- Total Assets
- 891
- Total Debt
- 245
- Net Working Capital
- 61
- Contingent Liabilities
- 10
- Book Value per Share
- 35.91
- Face Value
- 2.00
- Total Debt
- 245
- Net Working Capital
- 61
- Contingent Liabilities
- 10
- Book Value per Share
- 35.91
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 28
- 949
- 88
- Trade Payables
- 15
- 285
- Total Liabilities
- 1,365
- 453
- Capital Work in Progress
- 78
- 397
- 14
- 63
- Cash & Bank
- 72
- 287
- Total Assets
- 1,365
- Total Debt
- 180
- Net Working Capital
- 112
- Contingent Liabilities
- 8
- Book Value per Share
- 67.69
- Face Value
- 2.00
- Total Debt
- 180
- Net Working Capital
- 112
- Contingent Liabilities
- 8
- Book Value per Share
- 67.69
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 34 | -1 | 33 | 125 | 71 | 31 | 39 | 44 | 4 | 133 | |
| Cash from Investing | -8 | -27 | -20 | -37 | -14 | -41 | -114 | -122 | -57 | -436 |
| Cash from Financing | -26 | 28 | -12 | -51 | -34 | 10 | 87 | 67 | 52 | 305 |
| 0 | -0 | 1 | 37 | 22 | -0 | 11 | -10 | -1 | 1 | |
| Free Cash Flow | 25 | -28 | 7 | 88 | 55 | 31 | -40 | -41 | -69 | -36 |
| OCF / Net Profit | 88.01 | -0.39 | 4.49 | 1.40 | 2.95 | 0.47 | 1.38 | 0.97 | 0.05 | 1.27 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 146 | 153 | 141 | 93 | -64 | -154 |
| OCF / Net Profit | 88.01 | -0.39 | 4.49 | 1.40 | 2.95 | 0.47 | 1.38 | 0.97 | 0.05 | 1.27 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 146 | 153 | 141 | 93 | -64 | -154 |
Mar 2017
- 34
- Cash from Investing
- -8
- Cash from Financing
- -26
- 0
- Free Cash Flow
- 25
- OCF / Net Profit
- 88.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 88.01
- Cumulative 5-Year FCF
- 0
Mar 2018
- -1
- Cash from Investing
- -27
- Cash from Financing
- 28
- -0
- Free Cash Flow
- -28
- OCF / Net Profit
- -0.39
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.39
- Cumulative 5-Year FCF
- 0
Mar 2019
- 33
- Cash from Investing
- -20
- Cash from Financing
- -12
- 1
- Free Cash Flow
- 7
- OCF / Net Profit
- 4.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.49
- Cumulative 5-Year FCF
- 0
Mar 2020
- 125
- Cash from Investing
- -37
- Cash from Financing
- -51
- 37
- Free Cash Flow
- 88
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 0
Mar 2021
- 71
- Cash from Investing
- -14
- Cash from Financing
- -34
- 22
- Free Cash Flow
- 55
- OCF / Net Profit
- 2.95
- Cumulative 5-Year FCF
- 146
- OCF / Net Profit
- 2.95
- Cumulative 5-Year FCF
- 146
Mar 2022
- 31
- Cash from Investing
- -41
- Cash from Financing
- 10
- -0
- Free Cash Flow
- 31
- OCF / Net Profit
- 0.47
- Cumulative 5-Year FCF
- 153
- OCF / Net Profit
- 0.47
- Cumulative 5-Year FCF
- 153
Mar 2023
- 39
- Cash from Investing
- -114
- Cash from Financing
- 87
- 11
- Free Cash Flow
- -40
- OCF / Net Profit
- 1.38
- Cumulative 5-Year FCF
- 141
- OCF / Net Profit
- 1.38
- Cumulative 5-Year FCF
- 141
Mar 2024
- 44
- Cash from Investing
- -122
- Cash from Financing
- 67
- -10
- Free Cash Flow
- -41
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 93
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 93
Mar 2025
- 4
- Cash from Investing
- -57
- Cash from Financing
- 52
- -1
- Free Cash Flow
- -69
- OCF / Net Profit
- 0.05
- Cumulative 5-Year FCF
- -64
- OCF / Net Profit
- 0.05
- Cumulative 5-Year FCF
- -64
Mar 2026
- 133
- Cash from Investing
- -436
- Cash from Financing
- 305
- 1
- Free Cash Flow
- -36
- OCF / Net Profit
- 1.27
- Cumulative 5-Year FCF
- -154
- OCF / Net Profit
- 1.27
- Cumulative 5-Year FCF
- -154
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.59 | 3.81 | 11.28 | 136.52 | 36.72 | 102.57 | 42.98 | 69.18 | 6.36 | 7.41 |
| Book Value (₹) | -2.06 | 1.93 | 12.58 | 153.74 | 189.97 | 481.34 | 519.12 | 590.65 | 35.91 | 67.69 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.56 | 0.75 | 1.33 | 7.63 | 2.82 | 6.01 | 3.02 | 4.22 | 7.94 | 8.93 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 16.11% | 16.93% | 20.26% | 84.70% | 29.13% | 37.57% | 25.48% | 22.86% | 35.15% | 33.67% |
| Net Margin % | 0.33% | 2.03% | 4.79% | 51.31% | 13.73% | 27.46% | 13.72% | 16.81% | 26.65% | 30.56% |
| ROE % | 0.00% | 0.00% | 155.50% | 164.16% | 21.37% | 30.56% | 8.59% | 12.47% | 19.44% | 14.66% |
| ROCE % | 6.27% | 6.82% | 9.82% | 59.76% | 15.44% | 30.72% | 10.66% | 14.40% | 19.55% | 15.70% |
| 0.17% | 1.01% | 2.72% | 28.48% | 6.71% | 16.49% | 5.43% | 7.03% | 10.49% | 9.25% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 84 | 90 | 74 | 70 | 68 | 48 | 67 | 57 | 75 | 78 |
| Inventory Days | 19 | 11 | 8 | 8 | 10 | 10 | 15 | 13 | 15 | 15 |
| Payable Days | 72 | 89 | 176 | 351 | 502 | 223 | 238 | 118 | 162 | 132 |
| 31 | 12 | -94 | -273 | -425 | -165 | -155 | -47 | -73 | -39 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | -139.52x | 165.83x | 25.94x | 1.35x | 1.07x | 0.03x | 0.30x | 0.46x | 0.52x | 0.19x |
| Interest Coverage (x) | 1.03x | 1.23x | 1.53x | 7.84x | 3.58x | 19.33x | 11.31x | 8.93x | 7.26x | 14.65x |
| 0.57x | 0.69x | 0.67x | 1.31x | 1.14x | 3.28x | 1.99x | 1.87x | 1.38x | 1.54x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 20.93% | 6.09% | 25.32% | 12.92% | 0.50% | 39.65% | -16.14% | 31.38% | 15.96% | 9.31% |
| Operating Profit Growth % | 97.80% | 11.47% | 49.91% | 372.17% | -65.44% | 80.14% | -43.13% | 57.56% | 77.06% | 14.34% |
| Net Profit Growth % | 102.91% | 543.00% | 196.13% | 1110.01% | -73.10% | 179.23% | -58.09% | 60.93% | 83.91% | 25.35% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 60.93% | -90.80% | 16.45% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 26.63x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.91x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.18x | 1.84x | 17.32x |
Mar 2017
- EPS (₹)
- 0.59
- Book Value (₹)
- -2.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.56
- Operating Margin %
- 16.11%
- Net Margin %
- 0.33%
- ROE %
- 0.00%
- ROCE %
- 6.27%
- 0.17%
- Debtor Days
- 84
- Inventory Days
- 19
- Payable Days
- 72
- 31
- Debt to Equity (x)
- -139.52x
- Interest Coverage (x)
- 1.03x
- 0.57x
- Revenue Growth %
- 20.93%
- Operating Profit Growth %
- 97.80%
- Net Profit Growth %
- 102.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 3.81
- Book Value (₹)
- 1.93
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.75
- Operating Margin %
- 16.93%
- Net Margin %
- 2.03%
- ROE %
- 0.00%
- ROCE %
- 6.82%
- 1.01%
- Debtor Days
- 90
- Inventory Days
- 11
- Payable Days
- 89
- 12
- Debt to Equity (x)
- 165.83x
- Interest Coverage (x)
- 1.23x
- 0.69x
- Revenue Growth %
- 6.09%
- Operating Profit Growth %
- 11.47%
- Net Profit Growth %
- 543.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 11.28
- Book Value (₹)
- 12.58
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.33
- Operating Margin %
- 20.26%
- Net Margin %
- 4.79%
- ROE %
- 155.50%
- ROCE %
- 9.82%
- 2.72%
- Debtor Days
- 74
- Inventory Days
- 8
- Payable Days
- 176
- -94
- Debt to Equity (x)
- 25.94x
- Interest Coverage (x)
- 1.53x
- 0.67x
- Revenue Growth %
- 25.32%
- Operating Profit Growth %
- 49.91%
- Net Profit Growth %
- 196.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 136.52
- Book Value (₹)
- 153.74
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.63
- Operating Margin %
- 84.70%
- Net Margin %
- 51.31%
- ROE %
- 164.16%
- ROCE %
- 59.76%
- 28.48%
- Debtor Days
- 70
- Inventory Days
- 8
- Payable Days
- 351
- -273
- Debt to Equity (x)
- 1.35x
- Interest Coverage (x)
- 7.84x
- 1.31x
- Revenue Growth %
- 12.92%
- Operating Profit Growth %
- 372.17%
- Net Profit Growth %
- 1110.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 36.72
- Book Value (₹)
- 189.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.82
- Operating Margin %
- 29.13%
- Net Margin %
- 13.73%
- ROE %
- 21.37%
- ROCE %
- 15.44%
- 6.71%
- Debtor Days
- 68
- Inventory Days
- 10
- Payable Days
- 502
- -425
- Debt to Equity (x)
- 1.07x
- Interest Coverage (x)
- 3.58x
- 1.14x
- Revenue Growth %
- 0.50%
- Operating Profit Growth %
- -65.44%
- Net Profit Growth %
- -73.10%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 102.57
- Book Value (₹)
- 481.34
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.01
- Operating Margin %
- 37.57%
- Net Margin %
- 27.46%
- ROE %
- 30.56%
- ROCE %
- 30.72%
- 16.49%
- Debtor Days
- 48
- Inventory Days
- 10
- Payable Days
- 223
- -165
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 19.33x
- 3.28x
- Revenue Growth %
- 39.65%
- Operating Profit Growth %
- 80.14%
- Net Profit Growth %
- 179.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 42.98
- Book Value (₹)
- 519.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.02
- Operating Margin %
- 25.48%
- Net Margin %
- 13.72%
- ROE %
- 8.59%
- ROCE %
- 10.66%
- 5.43%
- Debtor Days
- 67
- Inventory Days
- 15
- Payable Days
- 238
- -155
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 11.31x
- 1.99x
- Revenue Growth %
- -16.14%
- Operating Profit Growth %
- -43.13%
- Net Profit Growth %
- -58.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 69.18
- Book Value (₹)
- 590.65
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.22
- Operating Margin %
- 22.86%
- Net Margin %
- 16.81%
- ROE %
- 12.47%
- ROCE %
- 14.40%
- 7.03%
- Debtor Days
- 57
- Inventory Days
- 13
- Payable Days
- 118
- -47
- Debt to Equity (x)
- 0.46x
- Interest Coverage (x)
- 8.93x
- 1.87x
- Revenue Growth %
- 31.38%
- Operating Profit Growth %
- 57.56%
- Net Profit Growth %
- 60.93%
- 60.93%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 2.18x
Mar 2025
- EPS (₹)
- 6.36
- Book Value (₹)
- 35.91
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.94
- Operating Margin %
- 35.15%
- Net Margin %
- 26.65%
- ROE %
- 19.44%
- ROCE %
- 19.55%
- 10.49%
- Debtor Days
- 75
- Inventory Days
- 15
- Payable Days
- 162
- -73
- Debt to Equity (x)
- 0.52x
- Interest Coverage (x)
- 7.26x
- 1.38x
- Revenue Growth %
- 15.96%
- Operating Profit Growth %
- 77.06%
- Net Profit Growth %
- 83.91%
- -90.80%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 1.84x
Mar 2026
- EPS (₹)
- 7.41
- Book Value (₹)
- 67.69
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 8.93
- Operating Margin %
- 33.67%
- Net Margin %
- 30.56%
- ROE %
- 14.66%
- ROCE %
- 15.70%
- 9.25%
- Debtor Days
- 78
- Inventory Days
- 15
- Payable Days
- 132
- -39
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- 14.65x
- 1.54x
- Revenue Growth %
- 9.31%
- Operating Profit Growth %
- 14.34%
- Net Profit Growth %
- 25.35%
- 16.45%
- P/E (x)
- 26.63x
- P/B (x)
- 2.91x
- Dividend Yield %
- 0.00%
- 17.32x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-13 - Ellenbarrie Industrial Gases Limited has informed the Exchange about Transcript
- Monitoring Agency Report
2026-08-13 - Ellenbarrie Industrial Gases Limited has informed the exchange regarding Monitoring Agency Report
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Feb 2026