Small Chemicals

Elantas Beck India Ltd.

ELANTAS

₹10381.75

-0.98% (-102.5)

Market Cap

₹8,244 Cr.

P/E

60.83

Elantas Beck India Ltd.
Overview
Financials
Benchmarking
Shareholding

Elantas Beck India Ltd.

Elantas Beck India Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Elantas Beck India Ltd. Shareprice

Has the share price of Elantas Beck India grown faster than its competition?

Elantas Beck India has given better returns compared to its competitors.
Elantas Beck India has grown at ~40.22% over the last 3yrs while peers have grown at a median rate of 24.78%

Is Elantas Beck India stock expensive?

Yes, Elantas Beck India is expensive.
Latest PE of Elantas Beck India is 60.83, while 3 year average PE is 48.16.
Also latest EV/EBITDA of Elantas Beck India is 54.96 while 3yr average is 42.5.

View FAQ's On Business

Growth Table

Elantas Beck India Ltd.
Galaxy Surfactants
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Styrenix Performance
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-14.76	27.43	40.22	30.15	34.42	30.62	26.43	23.34	24.27	26.33
TTM EPS CAGR	-6.90	12.79	23.83	19.33	21.26	18.78	10.18	11.29	12.73	14.65
Sales CAGR	13.25	8.75	12.30	17.58	14.19	11.25	10.32	8.36	8.74	8.56
PAT Margin (Abs Growth)	-1.55	3.48	5.84	2.52	6.07	2.57	5.08	5.35	7.84	10.38
PE CAGR	-8.44	12.98	13.24	9.07	10.85	9.97	14.75	10.83	10.24	10.19
CFO CAGR	-52.61	-12.70	30.40	-5.54	5.73	11.43	3.17	1.56	3.50	7.52

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Elantas Beck India Ltd.
Galaxy Surfactants
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Styrenix Performance
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In Rs. Cr.	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24
Assets	236	291	348	415	456	536	618	717	881	1,015
Non Current Assets	48.30	45.61	57.23	82.34	141	154	149	116	98.16	221
Net Block	44.80	36.39	39.67	64.63	105	97.66	92.83	93.51	94.64	219
Capital Work in Progress	0.23	5.42	15.31	0.43	10.29	17.66	19.48	12.69	17.05	18.70
Intangible Assets Under Development	—	—	5.15	—	0.34	0.75	—	0.20	7.18	8.92
Long Term Investments	0.15	0.15	0.02	0.02	5.13	—	—	—	—	—
Current Assets	187	246	283	323	308	373	457	587	759	771
Inventory	50.65	56.21	44.89	51.13	49.77	52.68	83.93	79.85	73.24	95.05
Accounts Receivable	55.62	53.14	73.13	83.57	61.09	70.51	86.84	102	102	127
Short Term Investments	64.00	109	139	174	160	218	261	356	517	379
Cash & Bank Balances	11.68	17.21	21.95	10.11	24.41	26.62	17.64	42.27	57.03	153
Liabilities	236	291	348	415	456	536	618	717	881	1,015
Shareholders Funds	172	222	278	339	384	442	505	599	732	867
Share Capital	7.93	7.93	7.93	7.93	7.93	7.93	7.93	7.93	7.93	7.93
Reserves	164	214	270	331	376	434	497	591	724	859
Non Current Liabilities	4.64	4.29	7.08	14.22	12.07	14.49	17.43	15.72	24.56	25.15
Secured Loans	—	—	—	—	—	—	—	—	—	—
Unsecured Loans	—	—	—	—	—	—	—	—	—	—
Current Liabilities	59.24	64.35	63.19	61.83	60.25	80.17	96.39	103	124	123
Accounts Payable	38.15	41.27	43.87	48.79	36.49	60.69	76.09	73.55	87.66	92.42
Short Term Loans	—	—	—	—	—	—	—	—	—	—

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Elantas Beck India Ltd.
Galaxy Surfactants
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Styrenix Performance
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In Rs. Cr.	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales	365	383	409	394	383	522	645	680	749	778
Operating Expenses	287	304	344	340	313	444	535	537	604	631
Raw Material	204	211	251	238	198	333	399	388	437	484
Organic	88.84	91.85	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Others	9.75	11.10	251	238	198	333	399	388	437	—
Chemicals	73.59	74.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Resins	32.32	33.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Material Cost (%)	56.12	57.17	61.52	59.93	56.33	62.20	62.43	58.19	59.35	60.24
Employee Cost	22.25	22.63	25.59	27.35	28.12	31.07	38.17	40.50	46.78	48.32
Power & Fuel Cost	6.28	7.39	6.29	5.82	5.29	7.06	9.28	10.38	11.15	—
Operating Profit	78.65	78.27	64.77	53.82	70.34	78.26	110	143	144	147
Other Income	7.64	8.62	11.93	17.66	21.79	16.33	21.24	52.95	54.77	48.23
OPM (%)	21.53	20.46	15.83	13.66	18.36	14.99	17.09	21.05	19.29	18.92
Depreciation and Amortisation	5.19	5.59	6.58	7.35	11.70	12.11	12.39	11.90	15.03	16.59
Interest	0.21	0.21	0.23	0.34	0.22	0.25	0.62	0.57	0.66	0.57
Profit Before Tax	80.89	81.09	89.16	63.79	80.21	91.38	129	184	183	178
Tax	26.40	26.01	23.38	14.23	18.45	24.50	31.35	46.33	43.89	42.75
Net Profit	54.49	55.08	65.78	49.56	61.76	66.88	97.78	137	140	136
Number of shares(Crs)	0.79	0.79	0.79	0.79	0.79	0.79	0.79	0.79	0.79	—
Dividend Payout Ratio(%)	6.55	6.48	5.42	8.00	6.42	5.93	4.05	2.89	4.26	—

TTM Values as of Mar 2025

Cash Flow

Elantas Beck India Ltd.
Galaxy Surfactants
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Styrenix Performance
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In Rs. Cr.	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24
Cash from Operating Activity	46.38	55.86	50.83	33.02	47.86	79.40	28.51	82.95	133	63.22
Profit Before Tax	61.73	80.89	81.09	89.16	63.79	80.21	91.38	129	184	183
Adjustments	3.30	0.06	-0.39	-21.04	-3.58	-5.92	-8.82	-11.62	-32.30	-29.21
OCF Before Working Capital	65.04	80.96	80.70	68.12	60.21	74.29	82.56	118	151	154
Working Capital Changes	1.78	1.14	-5.44	-16.28	3.49	21.36	-35.22	-4.29	19.94	-51.12
Taxes Paid	-20.44	-26.24	-24.43	-18.82	-15.83	-16.25	-18.82	-30.26	-37.85	-39.89
Cash from Investing Activity	-41.87	-50.54	-44.62	-31.74	-39.62	-69.11	-32.72	-76.00	-132	77.77
Net Fixed Assets Purchased	-6.61	-5.29	-19.59	1.56	-12.23	-16.40	8.54	3.49	-12.19	-145
Fixed Assets Purchased	-6.72	-5.32	-19.66	-23.18	-12.54	-16.65	-11.10	-7.43	-12.36	-145
Fixed Assets Sold	0.11	0.04	0.06	24.74	0.31	0.25	19.64	10.92	0.18	0.05
Investment Purchased	-101	-164	-267	-282	-166	-179	-119	-250	-269	-290
Investment Sold	63.41	114	236	244	162	131	75.37	165	147	501
Interest Recieved	0.59	0.83	1.03	0.98	2.73	2.51	2.13	2.17	2.73	11.59
Dividends Recieved	2.20	4.49	5.32	7.58	9.75	1.30	0.04	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	-4.45	-5.01	-4.51	-4.49	-4.66	-4.21	-4.21	-4.58	-4.52	-4.60
Proceeds From Shares	—	—	—	—	—	—	—	—	—	—
Net Long Term Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds From Borrowings	—	—	—	—	—	—	—	—	—	—
Repayment From Borrowings	—	—	—	—	—	—	—	—	—	—
Interest Paid	-0.17	-0.22	-0.22	-0.19	-0.36	-0.24	-0.25	-0.62	-0.56	-0.64
Dividend Paid	-4.28	-4.79	-3.57	-3.57	-3.57	-3.96	-3.96	-3.96	-3.96	-3.96
Net Cash Flow	0.06	0.31	1.70	-3.20	3.58	6.08	-8.43	2.37	-2.63	136
Opening Cash & Cash Equivalents	3.38	3.44	3.75	5.45	2.25	5.84	11.92	3.49	5.86	3.23
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	3.44	3.75	5.45	2.25	5.84	11.92	3.49	5.86	3.23	140
Net Capex (est)	6.61	5.29	19.59	-1.56	12.23	16.40	-8.54	-3.49	12.19	145
Free Cash Flow (est)	39.77	50.57	31.23	34.59	35.63	63.00	37.05	86.45	121	-81.86

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Elantas Beck India Ltd.
Galaxy Surfactants
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Styrenix Performance
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	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24
Operational Ratios
Quick Ratio	2.30	2.95	3.78	4.40	4.28	3.99	3.87	4.92	5.53	5.49
Liquid Assets (Crs)	136	190	239	272	258	320	374	507	686	676
Current Liabilities (Crs)	59.24	64.35	63.19	61.83	60.25	80.17	96.39	103	124	123
Current Ratio	3.15	3.82	4.49	5.23	5.11	4.65	4.75	5.69	6.12	6.26
Current Assets (Crs)	187	246	283	323	308	373	457	587	759	771
Current Liabilities (Crs)	59.24	64.35	63.19	61.83	60.25	80.17	96.39	103	124	123
Interest Coverage Ratio	330	395	389	382	190	368	368	210	323	280
EBIT (Crs)	61.92	81.10	81.30	70.12	64.13	80.43	82.48	119	184	184
Interest Expenses (Crs)	0.19	0.21	0.21	0.23	0.34	0.22	0.25	0.62	0.57	0.66
Fixed Asset Turnover	3.43	3.80	8.46	5.34	3.17	2.99	3.88	4.42	4.30	2.52
Net Sales (Crs)	344	365	383	409	394	383	522	645	680	749
Fixed Assets (Crs)	100	96.20	45.24	76.66	124	128	135	146	158	297
Cash Conversion Cycle	33.12	25.33	31.15	45.55	47.82	29.31	25.89	32.08	21.60	22.79
Inventory Days	48.26	47.59	45.44	42.83	46.73	48.80	47.75	46.36	41.09	41.03
Days Receivable	49.64	48.44	56.76	69.90	67.00	62.69	55.00	53.57	54.87	55.73
Days Payable	64.78	70.70	71.05	67.18	65.90	82.18	76.86	67.85	74.36	73.97
Debt to Equity Ratio	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt (Crs)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Shareholders Equity (Crs)	172	222	278	339	384	442	505	599	732	867
Free Cash Flow/Sales (%)	11.56	13.85	8.16	8.45	9.04	16.44	7.10	13.41	17.83	-10.94
Free Cash Flow(est) (Crs)	39.77	50.57	31.23	34.59	35.63	63.00	37.05	86.45	121	-81.86
Net Sales (Crs)	344	365	383	409	394	383	522	645	680	749
Profitability Ratios
Gross Margin (%)	41.35	43.88	42.83	38.48	40.07	43.67	37.80	37.57	41.81	40.65
Op Profit Margin (%)	18.09	21.53	20.46	15.83	13.66	18.36	14.99	17.09	21.05	19.29
Operating Profit (Crs)	67.87	86.28	86.89	76.70	71.48	92.13	94.60	131	196	199
Net Sales (Crs)	344	365	383	409	394	383	522	645	680	749
Net Profit Margin (%)	12.13	14.92	14.40	16.08	12.58	16.12	12.81	15.17	20.19	18.65
Net Profit (Crs)	41.76	54.49	55.08	65.78	49.56	61.76	66.88	97.78	137	140
Net Sales (Crs)	344	365	383	409	394	383	522	645	680	749
ROCE (%)	35.11	35.86	28.56	19.85	16.19	17.64	15.80	19.38	24.35	20.63
EBIT (Crs)	61.92	81.10	81.30	70.12	64.13	80.43	82.48	119	184	184
Capital Employed (Crs)	176	226	285	353	396	456	522	614	757	892
Return on Assets (%)	17.72	18.75	15.83	15.85	10.86	11.52	10.81	13.63	15.59	13.75
Net Profit (Crs)	41.76	54.49	55.08	65.78	49.56	61.76	66.88	97.78	137	140
Total Assets (Crs)	236	291	348	415	456	536	618	717	881	1,015
ROIC (%)	23.66	23.99	19.49	13.03	10.08	11.05	9.83	35.63	56.72	27.86
Op Profit after Taxes (Crs)	38.09	49.48	49.37	42.93	36.11	45.15	48.42	74.05	98.13	98.40
Invested Capital (Crs)	161	206	253	329	358	409	493	208	173	353
ROE (%)	24.32	24.56	19.84	19.40	12.91	13.99	13.25	16.33	18.76	16.10
Net Profit Margin (%)	12.13	14.92	14.40	16.08	12.58	16.12	12.81	15.17	20.19	18.65
Asset Turnover ratio	1.46	1.26	1.10	0.99	0.86	0.71	0.84	0.90	0.77	0.74
Equity Multiplier	1.37	1.31	1.25	1.22	1.19	1.21	1.23	1.20	1.20	1.17
Adjusted EPS	52.67	68.73	69.48	82.98	62.52	77.91	84.36	123	173	176
Valuation Ratios
P/E	29.30	26.45	32.38	27.14	39.54	35.37	43.56	35.25	49.04	72.59
Price to Book	7.13	6.50	6.42	5.27	5.10	4.95	5.77	5.76	9.20	11.68
EV/EBITDA	17.86	16.50	20.27	23.14	27.07	23.42	30.61	25.91	34.05	50.10
Dividend Yield (%)	0.32	0.25	0.20	0.20	0.20	0.18	0.14	0.12	0.06	0.06

Quarterly Results

Elantas Beck India Ltd.
Galaxy Surfactants
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Styrenix Performance
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	165	169	173	163	174	177	191	184	197	206
Operating Expenses	136	134	138	126	138	139	153	150	162	166
Increase/Decrease in Stock	5.53	0.83	-0.86	2.08	2.58	-1.09	-2.64	-5.14	0.23	-7.48
Raw Material	102	105	109	94.66	105	109	119	119	118	127
Employee Cost	10.16	9.90	10.68	9.33	10.32	10.54	12.31	11.39	12.54	12.08
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	28.76	35.03	35.16	37.67	35.57	37.55	38.70	33.16	34.96	40.38
Other Income	7.66	8.36	15.37	12.11	16.82	15.19	17.03	12.49	10.07	8.65
Interest	0.10	0.12	0.11	0.14	0.20	0.17	0.11	0.18	0.20	0.08
PBDT	38.61	43.28	50.42	49.64	52.19	52.57	55.62	45.46	44.83	48.95
Depreciation and Amortization	3.13	2.86	2.96	3.00	3.08	3.10	3.22	3.86	4.86	4.66
Profit Before Tax	35.48	40.42	47.46	46.64	49.11	49.47	52.40	41.60	39.98	44.29
Tax	8.99	10.36	12.04	11.82	12.11	12.57	10.55	10.53	10.23	11.43
Profit After Tax	26.48	30.05	35.42	34.83	37.00	36.91	41.85	31.07	29.74	32.87
Exceptional Items	2.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	26.48	30.05	35.42	34.83	37.00	36.91	41.85	31.07	29.74	32.87
Quarterly Ratios
EPS	33.41	37.91	44.68	43.93	46.67	46.55	52.79	39.19	37.52	41.46
Operating Profit Margin	17.47	20.68	20.28	23.07	20.46	21.26	20.22	18.06	17.75	19.59
Net Profit Margin	16.09	17.74	20.43	21.33	21.28	20.90	21.87	16.92	15.10	15.95

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

63.00%

Implied Growth Rate over a 5 year period*

23.50%

Implied Growth Rate over a 10 year period*

11.00%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Elantas Beck India Ltd. Financials

How strong is Elantas Beck India balance sheet?

Balance sheet of Elantas Beck India is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Elantas Beck India increasing or decreasing?

The net debt of Elantas Beck India is decreasing.
Latest net debt of Elantas Beck India is -₹306.74 Crs as of Dec-24.
This is less than Dec-23 when it was -₹114.06 Crs.

Is the profitablity of Elantas Beck India improving?

The profit is oscillating.
The profit of Elantas Beck India is ₹136 Crs for TTM, ₹140 Crs for Dec 2024 and ₹137 Crs for Dec 2023.

Does Elantas Beck India pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Elantas Beck India latest dividend payout ratio is 4.26% and 3yr average dividend payout ratio is 3.73%

How has Elantas Beck India allocated its funds?

Companies resources are allocated to majorly productive assets like Plant & Machinery

View FAQ's On Shareholding

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Elantas Beck India Ltd.

Elantas Beck India Ltd.

Has the share price of Elantas Beck India grown faster than its competition?

Is Elantas Beck India stock expensive?

How strong is Elantas Beck India balance sheet?

Is the debt of Elantas Beck India increasing or decreasing?

Is the profitablity of Elantas Beck India improving?

Does Elantas Beck India pay decent dividends?

How has Elantas Beck India allocated its funds?

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