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Last Updated on: 31 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 500123 | NSE: ELANTAS

Elantas Beck India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 30, 2024, 11:19 pm

Market Cap 10,299 Cr.
Current Price 12,991
High / Low 14,980/7,601
Stock P/E70.1
Book Value 1,018
Dividend Yield0.04 %
ROCE27.7 %
ROE20.6 %
Face Value 10.0
PEG Ratio3.59

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Elantas Beck India Ltd

Competitors of Elantas Beck India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujchem Distillers India Ltd 151 Cr. 424 541/61.8398 3900.00 %1.38 %2.17 % 1.00
Elantas Beck India Ltd 10,299 Cr. 12,991 14,980/7,60170.1 1,0180.04 %27.7 %20.6 % 10.0
Crestchem Ltd 80.0 Cr. 267 350/70.025.2 21.10.19 %78.2 %56.2 % 10.0
Chemiesynth (Vapi) Ltd 11.0 Cr. 35.8 34.1/0.00 37.50.00 %1.00 %3.38 % 10.0
Archit Organosys Ltd 96.7 Cr. 47.1 63.6/35.1134 32.20.00 %3.69 %0.75 % 10.0
Industry Average5,757.83 Cr1,965.3179.01317.660.27%16.28%12.32%7.41

All Competitor Stocks of Elantas Beck India Ltd

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales133146156171153165169173163174177191184
Expenses117124126141129136134138126138139153150
Operating Profit16223030242936353736383933
OPM %12%15%19%17%16%17%21%20%23%20%21%20%18%
Other Income1544114108151217151712
Interest0000000000000
Depreciation3333333333334
Profit before tax28223128353540474749495242
Tax %29%26%24%26%22%25%26%25%25%25%25%20%25%
Net Profit20172421272630353537374231
EPS in Rs24.7020.9429.9125.9534.0733.4037.9144.6843.9346.6746.5652.7939.19

Last Updated: November 6, 2024, 6:49 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023TTM
Sales274304341344365383409394383522645680705
Expenses243265299282287304344340313444535537556
Operating Profit31394262797865547078110143149
OPM %11%13%12%18%22%20%16%14%18%15%17%21%21%
Other Income1111868931182225325361
Interest0000000000111
Depreciation555656771212121212
Profit before tax37454562818189648091129184198
Tax %26%29%30%32%33%32%26%22%23%27%24%25%
Net Profit2832324254556650626798137151
EPS in Rs34.7940.0539.8752.6868.7369.4882.9962.5177.9084.36123.34173.19189.95
Dividend Payout %265%137%11%9%7%6%5%8%6%6%4%3%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year
YoY Net Profit Growth (%)
Change in YoY Net Profit Growth (%)

No data available for trend analysis.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:11%
3 Years:21%
TTM:8%
Compounded Profit Growth
10 Years:17%
5 Years:22%
3 Years:31%
TTM:17%
Stock Price CAGR
10 Years:29%
5 Years:39%
3 Years:52%
1 Year:52%
Return on Equity
10 Years:18%
5 Years:16%
3 Years:17%
Last Year:21%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Jun 2024
Equity Capital8888888888888
Reserves120100128164214270331376434497591724799
Borrowings0000000000000
Other Liabilities1279357647070767295114119149158
Total Liabilities255201192236291348415456536618717881965
Fixed Assets49484545364070110103989899172
CWIP00105150101819131711
Investments100453064109139174160218261356517227
Other Assets105108116126140154171176198240250247555
Total Assets255201192236291348415456536618717881965

Reserves and Borrowings Chart

Cash Flow

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Cash from Operating Activity +2623314656513348792983133
Cash from Investing Activity +-186219-42-51-45-32-40-69-33-76-132
Cash from Financing Activity +-4-85-51-4-5-5-4-5-4-4-5-5
Net Cash Flow4-0-2002-346-82-3

Free Cash Flow

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Free Cash Flow31.0039.0042.0062.0079.0078.0065.0054.0070.0078.00110.00143.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Debtor Days515653595370755767615855
Inventory Days9081848510075747789957368
Days Payable5144556473737156103866781
Cash Conversion Cycle909382808071787754706441
Working Capital Days-44958555562695946574833
ROCE %20%34%35%40%41%33%23%18%19%17%22%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs3.99%4.00%3.76%3.67%0.82%0.80%0.74%0.73%0.71%0.70%0.67%0.67%
DIIs7.98%8.35%8.59%8.59%11.31%11.44%11.50%11.73%11.80%11.88%11.91%11.88%
Public13.03%12.65%12.65%12.75%12.87%12.75%12.76%12.54%12.49%12.42%12.43%12.44%
No. of Shareholders7,4487,3927,0887,1557,1457,2837,4757,5787,5267,5417,7868,667

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund614,6251.39716.94614,6252024-12-290%
Tata Small Cap Fund215,7673.55251.68614,6252024-12-29-64.89%
Tata Large & Mid Cap Fund - Regular Plan102,5511.64119.62614,6252024-12-29-83.31%
Tata Large & Mid Cap Fund - Regular Plan102,5511.64119.62614,6252024-12-29-83.31%
Union Small Cap Fund7,3140.68.53614,6252024-12-29-98.81%
Union Retirement Fund1,3001.21.52614,6252024-12-29-99.79%
Union Childrens Fund4411.10.51614,6252024-12-29-99.93%
Union Equity Savings Fund3210.30.37614,6252024-12-29-99.95%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthDec 23Dec 22Dec 21Dec 20Dec 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)173.18123.3484.3677.9162.52
Diluted EPS (Rs.)173.18123.3484.3677.9162.52
Cash EPS (Rs.)188.19138.9799.6492.6771.79
Book Value[Excl.RevalReserv]/Share (Rs.)923.34755.07636.59557.02484.41
Book Value[Incl.RevalReserv]/Share (Rs.)923.34755.07636.59557.02484.41
Dividend / Share (Rs.)5.005.005.005.005.00
Revenue From Operations / Share (Rs.)857.61813.23658.62483.28497.07
PBDIT / Share (Rs.)247.35165.77119.32116.2290.16
PBIT / Share (Rs.)232.34150.14104.05101.4680.89
PBT / Share (Rs.)231.62162.89115.26101.1880.46
Net Profit / Share (Rs.)173.18123.3484.3677.9162.52
PBDIT Margin (%)28.8420.3818.1124.0418.13
PBIT Margin (%)27.0918.4615.7920.9916.27
PBT Margin (%)27.0020.0217.5020.9316.18
Net Profit Margin (%)20.1915.1612.8016.1212.57
Return on Networth / Equity (%)18.7516.3313.2513.9812.90
Return on Capital Employeed (%)24.3419.2415.7917.6316.18
Return On Assets (%)15.5913.6210.8111.5110.86
Asset Turnover Ratio (%)0.850.960.900.770.90
Current Ratio (X)6.125.924.754.655.11
Quick Ratio (X)5.535.113.873.994.28
Inventory Turnover Ratio (X)5.405.215.254.185.07
Dividend Payout Ratio (NP) (%)2.884.055.926.417.19
Dividend Payout Ratio (CP) (%)2.653.595.015.396.26
Earning Retention Ratio (%)97.1295.9594.0893.5992.81
Cash Earning Retention Ratio (%)97.3596.4194.9994.6193.74
Interest Coverage Ratio (X)343.36212.79379.45422.05211.54
Interest Coverage Ratio (Post Tax) (X)241.41141.97232.60283.93147.67
Enterprise Value (Cr.)6676.603404.852895.592157.701935.04
EV / Net Operating Revenue (X)9.825.285.555.634.91
EV / EBITDA (X)34.0525.9130.6123.4227.07
MarketCap / Net Operating Revenue (X)9.905.355.585.704.97
Retention Ratios (%)97.1195.9494.0793.5892.80
Price / BV (X)9.205.765.774.955.10
Price / Net Operating Revenue (X)9.905.355.585.704.97
EarningsYield0.020.020.020.020.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Elantas Beck India Ltd as of December 31, 2024 is: 14,706.41

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 31, 2024, Elantas Beck India Ltd is Undervalued by 13.20% compared to the current share price 12,991.00

Intrinsic Value of Elantas Beck India Ltd as of December 31, 2024 is: 17,576.28

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 31, 2024, Elantas Beck India Ltd is Undervalued by 35.30% compared to the current share price 12,991.00

Last 5 Year EPS CAGR: 19.51%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 27.50%, which is a positive sign.
  2. The company has higher reserves (365.23 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (442.23 cr) and profit (91.23 cr) over the years.
  1. The stock has a high average Working Capital Days of 42.25, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 73.33, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Elantas Beck India Ltd:
    1. Net Profit Margin: 20.19%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 24.34% (Industry Average ROCE: 16.28%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.75% (Industry Average ROE: 12.32%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 241.41
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 5.53
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 70.1 (Industry average Stock P/E: 79.01)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Elantas Beck India Ltd. is a Public Limited Listed company incorporated on 15/03/1956 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24222PN1956PLC134746 and registration number is 134746. Currently Company is involved in the business activities of Manufacture of paints and varnishes, enamels or lacquers. Company’s Total Operating Revenue is Rs. 522.13 Cr. and Equity Capital is Rs. 7.93 Cr. for the Year ended 31/12/2021.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - Others147, Mumbai-Pune Road, Pune Maharashtra 411018CS.Elantas.Beck.India@altana.com
https://www.elantas.com/beck-india
Management
NamePosition Held
Mr. Martin BabilasChairman
Mr. Srikumar RamakrishnanManaging Director
Mr. Nandkumar DhekneDirector
Mr. Ranjal Laxmana ShenoyDirector
Mrs. Usha RajeevDirector
Mr. Ravindra KumarDirector
Mr. Sujjain TalwarDirector
Mr. Stefan GentenAlternate Director

FAQ

What is the latest intrinsic value of Elantas Beck India Ltd?

The latest intrinsic value of Elantas Beck India Ltd as on 31 December 2024 is ₹14706.41, which is 13.20% higher than the current market price of ₹12,991.00. The stock has a market capitalization of 10,299 Cr. and recorded a high/low of 14,980/7,601 during the current fiscal year 2024-2025. As of Jun 2024, the company has reserves of ₹799 Cr and total liabilities of ₹965 Cr.

What is the Market Cap of Elantas Beck India Ltd?

The Market Cap of Elantas Beck India Ltd is 10,299 Cr..

What is the current Stock Price of Elantas Beck India Ltd as on 31 December 2024?

The current stock price of Elantas Beck India Ltd as on 31 December 2024 is 12,991.

What is the High / Low of Elantas Beck India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Elantas Beck India Ltd stocks is 14,980/7,601.

What is the Stock P/E of Elantas Beck India Ltd?

The Stock P/E of Elantas Beck India Ltd is 70.1.

What is the Book Value of Elantas Beck India Ltd?

The Book Value of Elantas Beck India Ltd is 1,018.

What is the Dividend Yield of Elantas Beck India Ltd?

The Dividend Yield of Elantas Beck India Ltd is 0.04 %.

What is the ROCE of Elantas Beck India Ltd?

The ROCE of Elantas Beck India Ltd is 27.7 %.

What is the ROE of Elantas Beck India Ltd?

The ROE of Elantas Beck India Ltd is 20.6 %.

What is the Face Value of Elantas Beck India Ltd?

The Face Value of Elantas Beck India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Elantas Beck India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE