Elantas Beck logo

Elantas Beck

ELANTAS NSE

Key Fundamentals

MicrocapSpecialty ChemicalsChemicals
Market Cap
₹10,623 Cr
Volatility
High Risk
P/E Ratio
64.8
EBITDA
₹220 Cr
Return on Equity
14.66%
Debt to Equity
0
Book Value
₹1,392.52
52W High
₹13,999
52W Low
₹8,900

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has delivered good profit growth of 19.1% CAGR over last 5 years

Weaknesses

1
  • Stock is trading at 10.4 times its book value

Growth Rate

Revenue Growth
11.53% higher than 3Y
Net Income Growth
5.87% lower than 3Y
Cash Flow Change
101% higher than 3Y
ROE
-8.94% lower than 3Y
ROCE
-7.61% higher than 3Y
EBITDA Margin (Avg.)
-0.81% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 44d ago
AI opinion · based on fundamentals
Risk medium

Elantas Beck India is a nearly debt-free specialty chemicals company with a market cap of ₹7,419 Cr trading at a PE of 50.6x and 7.33x book value. The company has delivered 19% profit CAGR over 5 years with consistent 16-18% ROE, but the stock has corrected 24% over the past year while revenue growth moderated to 11% TTM.

Bull Case 8
  • Virtually debt-free balance sheet provides financial resilience and flexibility for capacity expansion without dilution or interest burden
  • Consistent 5-year profit CAGR of 19.1% demonstrates strong earnings compounding ability through business cycles
  • Stable ROE of 16-18% over the past decade (3-year: 18%, 5-year: 17%, 10-year: 17%) indicates disciplined capital allocation
  • Promoter ALTANA AG (Germany) holds 75% stake, unchanged for multiple quarters, signaling strong parent commitment and technology transfer pipeline
  • India's electrical insulation market is projected to grow at 5.8% CAGR through 2033, providing a structural demand tailwind from electrification and infrastructure spending
  • 10-year stock CAGR of 19% reflects long-term value creation despite recent correction
  • Revenue grew 10% CAGR over 3 years and 17% over 5 years, showing an accelerating top-line trajectory relative to the 10-year 9% CAGR
  • Q4 FY25 revenue of ₹206 Cr (up 5.7% YoY) indicates continued demand traction from power and infrastructure sectors
Bear Case 8
  • PE of 50.6x is elevated for a specialty chemicals company, leaving limited margin of safety if growth disappoints
  • Stock has declined 24% over the past 1 year, underperforming broader markets and signaling potential de-rating
  • Price-to-book of 7.33x is expensive relative to the 16% trailing ROE, implying high expectations already priced in
  • Dividend yield of just 0.08% offers negligible income return, making total return entirely dependent on capital appreciation
  • TTM profit growth has decelerated to 8% from the 5-year CAGR of 19%, suggesting margin pressure or rising input costs
  • Q4 FY25 net profit fell 5.8% YoY to ₹31 Cr despite revenue growth, indicating operating margin compression
  • Niche product portfolio in electrical insulating varnishes limits addressable market size and diversification options
  • Low FII holding of just 0.04% reflects limited institutional interest, which can constrain liquidity and price discovery

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 101d ago
Positives 3
  • ₹56 Cr Ankleshwar capacity expansion Jun 02

    Board approved ₹56 crore investment to add 11,000 MT/year manufacturing capacity at Ankleshwar, aimed at improving flexibility and supply reliability.

  • Strong Q4FY26 financial results May 12

    Q4FY26 revenue came in at ₹22,216.93 lakhs with net profit of ₹3,108.43 lakhs; full-year FY26 net profit stood at ₹14,777.98 lakhs.

  • ₹7.50 dividend, AGM resolutions passed May 13

    70th AGM held on 12 May 2026 passed all 6 resolutions including a Rs. 7.50 per share dividend and key board appointments.

TL;DR: Elantas Beck India is in a solid growth phase — the ₹56 crore capex to add 11,000 MT capacity signals confidence in medium-term demand, while Q4FY26 profitability and a healthy dividend reinforce financial strength. No visible headwinds emerged in the recent news cycle. The trend is improving with both organic investment and steady shareholder returns pointing to continued momentum.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
173
163
174
177
191
184
197
206
210
217
215
222
283
Expenses
138
126
138
139
153
150
162
166
170
169
170
179
202
Operating Profit
35
37
36
38
39
33
35
40
40
47
45
43
82
OPM %
20%
23%
20%
21%
20%
18%
18%
20%
19%
22%
21%
20%
29%
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
PBT
47
47
49
49
52
42
40
44
53
49
53
40
95
Tax %
25%
25%
25%
25%
20%
25%
26%
26%
26%
25%
25%
23%
25%
Net Profit
35
35
37
37
42
31
30
33
39
36
39
31
71
EPS in Rs
44.68
43.93
46.67
46.56
52.79
39.19
37.51
41.46
49.56
45.74
49.66
39.2
89.38
Figures in ₹ Crores

Profit & Loss

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales
341
344
365
383
409
394
383
522
645
680
749
848
937
Expenses
299
282
287
304
344
340
313
444
535
537
604
676
720
Operating Profit
42
62
79
78
65
54
70
78
110
143
144
172
217
OPM %
12%
18%
22%
20%
16%
14%
18%
15%
17%
21%
19%
20%
23%
Other Income
8
6
8
9
31
18
22
25
32
53
55
48
43
Interest
0
0
0
0
0
0
0
0
1
1
1
1
1
Depreciation
5
6
5
6
7
7
12
12
12
12
15
21
23
PBT
45
62
81
81
89
64
80
91
129
184
183
199
237
Tax %
30%
32%
33%
32%
26%
22%
23%
27%
24%
25%
24%
26%
—
Net Profit
32
42
54
55
66
50
62
67
98
137
140
148
178
EPS in Rs
39.87
52.68
68.73
69.48
82.99
62.51
77.9
84.36
123
173
176
186
224
Div. Payout %
11%
9%
7%
6%
5%
8%
6%
6%
4%
3%
4%
4%
—
Figures in ₹ Crores

Balance Sheet

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital
8
8
8
8
8
8
8
8
8
8
8
8
8
Reserves
128
164
214
270
331
376
434
497
591
724
859
1,000
1,096
Borrowings
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Liabilities
57
64
70
70
76
72
95
114
119
149
148
158
212
Total Liabilities
192
236
291
348
415
456
536
618
717
881
1,015
1,166
1,316
Fixed Assets
45
45
36
40
70
110
103
98
98
99
223
240
273
CWIP
1
0
5
15
0
10
18
19
13
17
19
8
14
Investments
30
64
109
139
174
160
218
261
356
517
379
592
642
Other Assets
116
126
140
154
171
176
198
240
250
247
395
326
387
Total Assets
192
236
291
348
415
456
536
618
717
881
1,015
1,166
1,316
Figures in ₹ Crores

Cash Flow

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating
31
46
56
51
33
48
79
29
83
133
63
127
Investing
19
-42
-51
-45
-32
-40
-69
-33
-76
-132
78
-194
Financing
-51
-4
-5
-5
-4
-5
-4
-4
-5
-5
-5
-6
Net Cash Flow
-2
0
0
2
-3
4
6
-8
2
-3
136
-74
Free Cash Flow
27
40
51
31
10
36
63
37
86
121
-82
96
CFO/OP
107
107
104
96
80
118
136
60
103
120
71
97
Figures in ₹ Crores

Ratios

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days
53
59
53
70
75
57
67
61
58
55
62
60
Inventory Days
84
85
100
75
74
77
89
95
73
68
78
71
Days Payable
55
64
73
73
71
56
103
86
67
81
76
61
Cash Conversion Cycle
82
80
80
71
78
77
54
70
64
41
64
70
Working Capital Days
58
55
55
62
69
59
46
57
48
33
56
56
ROCE %
35%
40%
41%
33%
23%
18%
19%
17%
22%
28%
23%
21%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Elantas Beck insights

29 extracted metrics + investor summaries across FY14–FY25.

Log in — free

Shareholding Pattern

FIIs0.05%Promot.75.00%Others3.51%Public9.16%DIIs12.28%As ofJun 2026

Documents

Frequently Asked Questions about Elantas Beck

What does Elantas Beck India Ltd do?
Elantas Beck India Ltd (EBIL) manufactures specialty insulation and protective materials: wire enamels, varnishes/resins, casting/potting compounds, PCB-protection systems and engineering/construction materials. It has plants at Pimpri and Ankleshwar and is 75%-owned by Germany's ELANTAS GmbH.[1]
Where is Elantas Beck India Ltd (500123) listed?
Elantas Beck India Ltd trades as ELANTAS on the NSE and under code 500123 on the BSE.
Which sector does Elantas Beck India Ltd belong to?
Elantas Beck India Ltd is classified under the Chemicals sector, in the Specialty Chemicals industry.
What is the market capitalisation of Elantas Beck India Ltd?
Elantas Beck India Ltd has a market capitalisation of ₹10,623 Cr, which places it in the Mid Cap band.
What is the PE ratio of Elantas Beck India Ltd?
Elantas Beck India Ltd trades at a PE ratio of 64.80, against a book value of ₹1,392.52 per share.
What is the 52-week high and low of Elantas Beck India Ltd?
Over the last 52 weeks Elantas Beck India Ltd has traded between ₹8,900 and ₹13,999.
Does Elantas Beck India Ltd pay dividends?
Elantas Beck India Ltd has a dividend yield of 0.06%.
What is the Return on Equity (ROE) of Elantas Beck India Ltd?
Elantas Beck India Ltd reported a return on equity of 14.66%. Its debt-to-equity ratio is 0.00.

Company Information

Elantas Beck India Ltd (EBIL) manufactures specialty insulation and protective materials: wire enamels, varnishes/resins, casting/potting compounds, PCB-protection systems and engineering/construction materials. It has plants at Pimpri and Ankleshwar and is 75%-owned by Germany's ELANTAS GmbH.[1]

Website elantas.com/beck-india.html
Listed 2026-04-20
Face Value ₹ 10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/500123.md for Elantas Beck India Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Chemicals → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List