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ELANTAS Beck India Limited ELANTAS NSEINFRA

Basic Materials · Specialty Chemicals · India
https://www.elantas.com/beck-india

ELANTAS Beck India Limited manufactures and sells specialty chemicals for the electrical insulation and construction industries in India. The company operates through two segments, Electrical Insulations; and Engineering & Electronic Resins Solutions, and Materials. It provides wire enamels, such as primers, lubricants, and binder varnishes for fiberglass coated conductors; impregnating materials, including insulating varnishes and resins; and flexible electrical insulation materials. The company also offers casting and potting compounds comprising casting, potting, and encapsulation of electrical and electronic components, such as auto-electrical components, high-voltage insulators, instrument transformers, etc.; impregnation of high-voltage electrical machine windings; binder resins for glass-fibre filament wound arc chamber tubes; and diamond dotted paper for oil-filled transformers. In addition, it provides materials for electronic protection, including potting compounds, such as conformal, air drying resistant, rapid process acrylic, waterborne conformal, and silicone coatings; and thermal interface materials. Further, the company offers engineering materials, such as construction chemicals comprising a range of resinous construction chemicals for industrial floorings, protective coatings, structural repairs, waterproofing, adhesives, and sealants, as well as specialty epoxy and polyurethane anti-microbial floorings and wall coating systems; and reactive polyamides used in epoxy resins to produce top coats and primers, as well as thermosetting adhesives for a various substrates. The company was incorporated in 1956 and is headquartered in Pune, India. ELANTAS Beck India Limited is a subsidiary of ELANTAS GmbH.

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₹9,252.50
+0.40% 1Y

Market & Price

Market Cap
-
Current Price
₹9,252.50
High / Low (52W)
₹10,024.50 / ₹9,028.60
Beta
0.07

Valuation

Stock P/E
50.25
Industry PE
23.81
Forward P/E
-
PEG Ratio
-
Book Value
₹1,271.75
Price to Book
7.28
P/S
-
EV/EBITDA
36.72
Dividend Yield
0.08%

Profitability & Returns

ROCE
19.06%
ROE
-
ROA
-
Profit Margin
16.76%
Op Margin
16.93%
EPS (Latest Qtr)
₹39.21
EPS (TTM)
₹184.12

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
-
Current Ratio
-
Debt
₹0
Total Assets
₹1,166.37 Cr
Current Assets
₹912.66 Cr
Working Capital
₹790.42 Cr

Ownership

Promoter Holding
76.02%
Chg in Prom Hold
-
FII / Inst Holding
12.23%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹6,673.85 Cr
Total Revenue (TTM)
₹870.92 Cr
EBITDA
₹181.75 Cr
Free Cash Flow
-
Operating Cash Flow
-
Shares Outstanding
-
Gross Margin
38.49%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
9.58%
Profit 5Y
14.76%
Revenue (YoY)
7.80%
Earnings (YoY)
-5.40%

PROS

  • Profit CAGR of 14.8% over 5 years.

CONS

  • Trading at a high P/E of 50.3.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ELANTAS ELANTAS Beck India Limited NSEINFRA 9,252.50 50.25 - 0.08% 19.06% - 9.58% 14.76%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 11,482.00 41.32 ₹3.38 L Cr 0.67% 11.90% 10.59% 12.40% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,278.00 14.01 ₹3.12 L Cr 0.56% 19.15% 27.26% 3.61% 75.28%
4 HINDZINC Hindustan Zinc Limited NSEINFRA 632.95 19.34 ₹2.67 L Cr 3.32% 62.35% 76.94% 5.61% 9.58%
5 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 208.02 28.34 ₹2.59 L Cr 1.92% 11.32% 11.16% -1.59% 7.21%
6 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 1,126.70 18.73 ₹2.52 L Cr 0.44% 9.50% 10.29% 7.40% 9.87%
7 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 3,122.40 42.74 ₹2.12 L Cr 0.32% 4.00% 6.29% 14.63% -10.06%
8 SOLARINDS Solar Industries India Limited NSEINFRA 18,247.00 98.04 ₹1.65 L Cr 0.06% 29.51% 31.33% 13.27% 30.36%
9 PIDILITIND Pidilite Industries Limited NSEINFRA 1,482.80 61.73 ₹1.51 L Cr 0.67% 28.48% 23.52% 7.50% 24.36%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 196.97 Cr206.13 Cr209.93 Cr-215.20 Cr222.17 Cr
Cost of Revenue 127.83 Cr130.86 Cr132.71 Cr-128.63 Cr132.61 Cr
Gross Profit 69.14 Cr75.28 Cr77.22 Cr-86.57 Cr89.56 Cr
Operating Expenses 39.04 Cr39.56 Cr42.72 Cr-47.39 Cr51.94 Cr
Operating Income 30.11 Cr35.72 Cr34.50 Cr-39.18 Cr37.62 Cr
EBITDA 45.03 Cr49.03 Cr58.10 Cr-58.81 Cr46.31 Cr
Interest Expense 19.70 L7.76 L11.56 L-16.62 L15.72 L
Pretax Income 39.98 Cr44.29 Cr52.84 Cr-52.84 Cr40.42 Cr
Tax Provision 10.23 Cr11.43 Cr13.56 Cr-13.48 Cr9.33 Cr
Net Income 29.74 Cr32.87 Cr39.29 Cr-39.37 Cr31.08 Cr
Diluted EPS -41.4649.5645.7449.6639.21

Profit & Loss (Annual)

Figures in INR.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -642.79 Cr677.70 Cr746.01 Cr845.90 Cr
Cost of Revenue -448.78 Cr441.28 Cr494.69 Cr549.29 Cr
Gross Profit -194.01 Cr236.42 Cr251.33 Cr296.61 Cr
Operating Expenses -95.71 Cr104.29 Cr120.46 Cr145.46 Cr
Operating Income -98.30 Cr132.13 Cr130.87 Cr151.15 Cr
EBITDA -142.14 Cr196.09 Cr199.14 Cr220.32 Cr
Interest Expense -61.76 L57.11 L65.85 L51.34 L
Pretax Income -129.13 Cr183.62 Cr183.45 Cr198.54 Cr
Tax Provision -31.35 Cr46.33 Cr43.89 Cr50.76 Cr
Net Income -97.78 Cr137.30 Cr139.56 Cr147.78 Cr
Diluted EPS 84.36123.34173.18176.05-

Compounded Sales Growth

5 Years:9.58%
1 Year:7.80%

Compounded Profit Growth

5 Years:14.76%
1 Year:-5.40%

Stock Price Performance

1 Year:+0.40%
6 Months:-
3 Months:-
1 Month:-2.66%

Balance Sheet (Annual)

Figures in INR.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -717.49 Cr880.53 Cr1,015.34 Cr1,166.37 Cr
Current Assets -586.99 Cr758.97 Cr770.85 Cr912.66 Cr
Cash & Equivalents -5.86 Cr3.23 Cr139.62 Cr65.97 Cr
Inventory -79.85 Cr73.24 Cr95.05 Cr97.05 Cr
Receivables -102.39 Cr102.03 Cr126.53 Cr140.17 Cr
Total Liabilities -118.89 Cr148.53 Cr148.22 Cr158.16 Cr
Current Liabilities -103.17 Cr123.97 Cr123.07 Cr122.25 Cr
Long Term Debt -----
Total Debt -----
Total Equity -598.60 Cr731.99 Cr867.12 Cr1,008.21 Cr
Shares Outstanding -79.28 L79.28 L79.28 L79.28 L

Cash Flows (Annual)

Figures in INR.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -82.95 Cr133.42 Cr63.22 Cr127.11 Cr
Investing Cash Flow --76.00 Cr-131.53 Cr77.77 Cr-194.35 Cr
Financing Cash Flow --4.58 Cr-4.52 Cr-4.60 Cr-6.41 Cr
Capital Expenditure --7.43 Cr-12.36 Cr-145.14 Cr-30.88 Cr
Free Cash Flow -75.53 Cr121.06 Cr-81.92 Cr96.23 Cr
Net Change in Cash -2.37 Cr-2.63 Cr136.39 Cr-73.65 Cr

Ratios (Annual)

Figures in %.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -30.2%34.9%33.7%35.1%
Operating Margin % -15.3%19.5%17.5%17.9%
Net Margin % -15.2%20.3%18.7%17.5%
ROE % -16.3%18.8%16.1%14.7%
ROCE % -16.0%17.5%14.7%14.5%

Shareholding Pattern

Insiders
76.02%
Institutions
12.23%
Public Float
50.99%

Analyst View

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