Small Asset Management

Elcid Investments Ltd.

ELCIDIN

₹129000.1

-0.58% (-754.6)

Market Cap

₹2,581 Cr.

P/E

16.87

Elcid Investments Ltd.
Overview
Financials
Benchmarking
Shareholding

Elcid Investments Ltd.

Elcid Investments Ltd.
Overview
Financials
Benchmarking
Shareholding

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

FAQs on Elcid Investments Ltd. Shareprice

Has the share price of Elcid Investment grown faster than its competition?

Elcid Investment has given better returns compared to its competitors.
Elcid Investment has grown at ~3872273.89% over the last 1yrs while peers have grown at a median rate of 25.0%

Is Elcid Investment stock expensive?

Yes, Elcid Investment is expensive.
Latest PE of Elcid Investment is 16.96, while 3 year average PE is 15.51.
Also latest EV/EBITDA of Elcid Investment is 12.65 while 3yr average is 11.82.

View FAQ's On Business

Growth Table

Elcid Investments Ltd.
Kalyani Investment
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Rane Holdings
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	38,50,048	20,492	3,793	857	584	417	320	282	231	194
TTM EPS CAGR	—	—	—	—	—	—	—	—	—	—
Sales CAGR	-9.63	29.47	16.13	18.32	17.35	21.81	198	167	29.42	27.06
PAT Margin (Abs Growth)	7.26	0.47	-0.53	-19.71	-14.89	74.69	74.69	-7,204	74.69	-1,548
PE CAGR	—	—	—	—	—	—	-100.00	-100.00	-100.00	-100.00
CFO CAGR	110	12.77	76.63	—	—	—	—	—	—	32.56

* 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

Elcid Investments Ltd.
Kalyani Investment
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Rane Holdings
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	177	213	259	6,440	7,221	10,865	13,199	12,008	12,576	10,607
Non Current Assets	177	209	256	5,133	6,945	10,161	12,342	11,191	11,695	10,573
Net Block	1.49	1.24	1.07	0.89	0.71	15.88	16.89	17.12	27.33	32.64
Capital Work in Progress	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Intangible Assets Under Development	—	—	—	—	—	—	—	—	—	—
Long Term Investments	174	206	254	6,438	7,212	10,831	13,159	11,916	12,452	10,571
Current Assets	0.84	3.92	2.93	1.71	7.89	17.11	21.47	73.20	95.71	34.34
Inventory	—	—	—	—	—	—	—	—	—	—
Accounts Receivable	-0.00	—	—	0.12	0.05	0.08	0.08	0.11	0.34	—
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Cash & Bank Balances	0.43	3.71	2.65	0.56	6.70	8.85	1.36	11.12	1.23	2.33
Liabilities	177	213	259	6,440	7,221	10,865	13,199	12,008	12,576	10,607
Shareholders Funds	177	212	258	5,133	6,952	10,165	12,329	11,192	11,685	9,169
Share Capital	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20
Reserves	177	212	258	5,133	6,952	10,165	12,329	11,192	11,684	9,168
Non Current Liabilities	-0.06	-0.02	-0.01	1,306	268	688	835	744	786	0.11
Secured Loans	—	—	—	—	—	—	—	—	—	—
Unsecured Loans	—	—	—	—	—	—	—	—	—	—
Current Liabilities	0.20	0.46	0.64	0.87	1.28	12.40	34.94	71.76	106	1,439
Accounts Payable	0.07	0.07	0.11	0.06	0.07	0.09	0.08	0.25	0.21	0.09
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

Elcid Investments Ltd.
Kalyani Investment
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Rane Holdings
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	0.41	0.18	0.23	60.88	77.52	108	135	109	235	211
Operating Expenses	0.56	0.86	0.78	1.64	5.82	0.94	3.11	6.11	3.31	6.19
Raw Material	—	—	—	—	—	—	—	—	—	0.00
Material Cost (%)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	0.06	0.23	0.24	0.24	0.30	0.30	0.31	0.38	0.39	0.40
Power & Fuel Cost	0.00	—	—	—	—	—	—	—	—	—
Operating Profit	-0.15	-0.68	-0.55	18.98	71.70	107	132	103	232	205
Other Income	30.13	36.77	47.38	40.27	—	0.00	—	—	0.50	2.20
OPM (%)	-37.94	-387	-245	31.17	92.49	99.13	97.69	94.39	98.60	97.07
Depreciation and Amortisation	0.22	0.24	0.19	0.19	0.18	0.27	0.60	0.77	0.88	1.10
Interest	0.00	—	—	—	—	—	—	—	—	0.00
Profit Before Tax	29.71	35.84	46.66	59.06	71.51	107	131	102	232	206
Tax	0.19	0.70	0.35	4.51	-1.67	25.48	31.03	28.58	55.85	53.05
Net Profit	29.52	35.14	46.31	54.54	73.18	81.05	100	73.41	176	153
Number of shares(Crs)	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	—
Dividend Payout Ratio(%)	1.02	0.85	0.65	0.55	0.41	0.37	0.30	0.68	0.28	—

TTM Values as of Mar 2025

Cash Flow

Elcid Investments Ltd.
Kalyani Investment
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Rane Holdings
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	-0.35	-1.26	-0.86	-0.92	-1.16	14.10	61.10	37.09	77.70	94.10
Profit Before Tax	29.71	35.84	46.66	59.06	71.51	107	131	102	232	206
Adjustments	-30.25	-36.63	-47.35	-59.73	-72.42	-85.52	-57.91	-23.20	-121	-73.56
OCF Before Working Capital	-0.55	-0.78	-0.69	-0.67	-0.91	21.01	73.16	78.79	110	132
Working Capital Changes	0.88	-0.09	0.02	0.06	0.02	0.13	-0.11	0.10	-0.23	0.93
Taxes Paid	-0.68	-0.39	-0.19	-0.32	-0.26	-7.04	-11.95	-41.80	-32.22	-39.32
Cash from Investing Activity	0.38	4.65	0.16	1.10	7.66	-11.65	-68.29	-27.02	-87.09	-95.00
Net Fixed Assets Purchased	0.00	0.12	0.00	0.00	0.00	-15.44	-1.60	-1.00	-10.87	-6.41
Fixed Assets Purchased	—	—	—	—	—	-15.44	-1.60	-1.00	-10.87	-6.41
Fixed Assets Sold	—	0.12	—	—	—	—	—	—	—	—
Investment Purchased	-30.52	-42.20	-52.14	-40.15	-69.94	—	-66.69	-26.02	-76.21	-88.59
Investment Sold	—	11.99	6.81	1.83	0.00	3.79	—	—	—	—
Interest Recieved	0.41	0.05	0.23	-0.02	0.12	0.11	—	—	—	—
Dividends Recieved	—	35.43	46.16	39.44	77.47	21.79	—	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	-0.30	-0.12	-0.36	-0.36	-0.36	-0.30	-0.30	-0.30	-0.50	-0.50
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	—	—	—	—	—	—	—	—	—	—
Dividend Paid	-0.30	-0.12	-0.30	-0.36	-0.36	-0.30	-0.30	-0.30	-0.50	-0.50
Net Cash Flow	-0.26	3.27	-1.06	-0.18	6.14	2.15	-7.48	9.77	-9.89	-1.40
Opening Cash & Cash Equivalents	0.70	0.43	3.71	0.71	0.53	6.66	8.82	1.33	11.10	3.71
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	0.43	3.70	2.65	0.53	6.66	8.82	1.33	11.10	1.21	2.31
Net Capex (est)	0.00	-0.12	0.00	0.00	0.00	15.44	1.60	1.00	10.87	6.41
Free Cash Flow (est)	-0.35	-1.14	-0.86	-0.92	-1.16	-1.34	59.50	36.09	66.83	87.69

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Elcid Investments Ltd.
Kalyani Investment
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Rane Holdings
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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	2.26	4.19	8.45	4.60	1.96	6.18	1.38	0.61	1.02	0.90
Liquid Assets (Crs)	0.80	0.84	3.92	2.93	1.71	7.89	17.11	21.47	73.20	95.71
Current Liabilities (Crs)	0.36	0.20	0.46	0.64	0.87	1.28	12.40	34.94	71.76	106
Current Ratio	2.26	4.19	8.45	4.60	1.96	6.18	1.38	0.61	1.02	0.90
Current Assets (Crs)	0.80	0.84	3.92	2.93	1.71	7.89	17.11	21.47	73.20	95.71
Current Liabilities (Crs)	0.36	0.20	0.46	0.64	0.87	1.28	12.40	34.94	71.76	106
Interest Coverage Ratio	—	0.00	—	—	—	—	—	—	—	—
EBIT (Crs)	30.50	29.75	35.84	46.64	59.06	71.51	107	131	102	232
Interest Expenses (Crs)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.23	0.16	0.11	0.14	56.89	72.44	6.52	7.44	5.70	8.03
Net Sales (Crs)	0.25	0.41	0.18	0.23	60.88	77.52	108	135	109	235
Fixed Assets (Crs)	1.07	2.53	1.57	1.57	1.07	1.07	16.51	18.12	19.12	29.29
Cash Conversion Cycle	-60.19	-45.20	-47.35	-65.50	-51.87	-33.63	0.22	0.22	0.32	0.35
Inventory Days	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Receivable	2.19	-1.26	0.00	0.00	0.72	0.40	0.22	0.22	0.32	0.35
Days Payable	62.38	43.94	47.35	65.50	52.59	34.03	—	—	—	—
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)	148	177	212	258	5,133	6,952	10,165	12,329	11,192	11,685
Free Cash Flow/Sales (%)	-416	-85.90	-645	-382	-1.52	-1.49	-1.24	44.15	33.15	28.40
Free Cash Flow(est) (Crs)	-1.04	-0.35	-1.14	-0.86	-0.92	-1.16	-1.34	59.50	36.09	66.83
Net Sales (Crs)	0.25	0.41	0.18	0.23	60.88	77.52	108	135	109	235
Profitability Ratios
Gross Margin (%)	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
Op Profit Margin (%)	-64.05	-37.94	-387	-245	31.17	92.49	99.13	97.69	94.39	98.60
Operating Profit (Crs)	30.63	29.98	36.09	46.83	59.24	71.70	107	132	103	232
Net Sales (Crs)	0.25	0.41	0.18	0.23	60.88	77.52	108	135	109	235
Net Profit Margin (%)	11,935	7,279	19,955	20,575	89.59	94.40	75.23	74.22	67.43	74.69
Net Profit (Crs)	29.81	29.52	35.14	46.31	54.54	73.18	81.05	100	73.41	176
Net Sales (Crs)	0.25	0.41	0.18	0.23	60.88	77.52	108	135	109	235
ROCE (%)	20.60	16.79	16.90	18.08	0.92	0.99	0.98	1.00	0.85	1.86
EBIT (Crs)	30.50	29.75	35.84	46.64	59.06	71.51	107	131	102	232
Capital Employed (Crs)	148	177	212	258	6,439	7,220	10,853	13,164	11,937	12,471
Return on Assets (%)	20.08	16.64	16.54	17.91	0.85	1.01	0.75	0.76	0.61	1.40
Net Profit (Crs)	29.81	29.52	35.14	46.31	54.54	73.18	81.05	100	73.41	176
Total Assets (Crs)	148	177	213	259	6,440	7,221	10,865	13,199	12,008	12,576
ROIC (%)	-39,839	-17.76	-62.06	-59.03	1,493	11,828	691	4,876	987	1,099
Op Profit after Taxes (Crs)	-0.28	-0.37	-0.91	-0.73	17.35	73.18	81.05	100	73.41	175
Invested Capital (Crs)	0.00	2.11	1.46	1.24	1.16	0.62	11.73	2.05	7.44	15.95
ROE (%)	20.13	16.65	16.57	17.95	1.06	1.05	0.80	0.81	0.66	1.50
Net Profit Margin (%)	11,935	7,279	19,955	20,575	89.59	94.40	75.23	74.22	67.43	74.69
Asset Turnover ratio	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.02
Equity Multiplier	1.00	1.00	1.00	1.00	1.25	1.04	1.07	1.07	1.07	1.08
Adjusted EPS	1,491	1,476	1,757	2,316	2,727	3,659	4,052	5,002	3,671	8,787
Valuation Ratios
P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Book	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/EBITDA	-0.02	-0.01	-0.10	-0.05	-0.01	-0.09	-0.08	-0.01	-0.11	-0.00
Dividend Yield (%)	—	—	—	—	—	—	—	—	—	—

Quarterly Results

Elcid Investments Ltd.
Kalyani Investment
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Rane Holdings
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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	27.75	3.08	128	22.57	59.55	23.12	178	56.35	-5.26	-17.48
Operating Expenses	1.57	1.94	0.68	0.99	0.97	0.67	1.07	0.89	0.80	3.42
Increase/Decrease in Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Raw Material	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	0.10	0.09	0.09	0.10	0.10	0.11	0.11	0.10	0.09	0.10
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	26.17	1.14	128	21.58	58.59	22.45	176	55.45	-6.06	-20.90
Other Income	0.00	0.00	0.00	0.66	0.86	0.00	0.38	0.31	0.31	1.21
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBDT	26.17	1.14	128	22.24	59.45	22.45	177	55.76	-5.75	-19.69
Depreciation and Amortization	0.20	0.20	0.20	0.23	0.23	0.23	0.28	0.28	0.28	0.27
Profit Before Tax	25.97	0.94	127	22.02	59.22	22.23	177	55.48	-6.03	-19.96
Tax	6.81	1.31	30.09	6.45	13.00	6.31	40.61	12.01	0.85	-0.42
Profit After Tax	19.16	-0.37	97.41	15.56	46.22	15.92	136	43.47	-6.89	-19.54
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	19.16	-0.37	97.41	15.56	46.22	15.92	136	43.47	-6.88	-19.54
Quarterly Ratios
EPS	958	-18.40	4,870	778	2,311	796	6,797	2,174	-344	-977
Operating Profit Margin	94.34	37.13	99.47	95.62	98.38	97.11	99.39	98.42	115	120
Net Profit Margin	69.06	-11.91	75.87	68.95	77.61	68.84	76.58	77.15	131	112

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

21.80%

Implied Growth Rate over a 5 year period*

5.20%

Implied Growth Rate over a 10 year period*

1.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Elcid Investments Ltd. Financials

How strong is Elcid Investment balance sheet?

Balance sheet of Elcid Investment is strong.
But short term working capital might become an issue for this company.

Is the debt of Elcid Investment increasing or decreasing?

Yes, The net debt of Elcid Investment is increasing.
Latest net debt of Elcid Investment is -₹2.33 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹2.46 Crs.

Is the profitablity of Elcid Investment improving?

The profit is oscillating.
The profit of Elcid Investment is ₹153 Crs for TTM, ₹176 Crs for Mar 2024 and ₹73.41 Crs for Mar 2023.

Does Elcid Investment pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Elcid Investment latest dividend payout ratio is 0.28% and 3yr average dividend payout ratio is 0.42%

How has Elcid Investment allocated its funds?

Companies resources are majorly tied in miscellaneous assets

View FAQ's On Shareholding

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Elcid Investments Ltd.

Elcid Investments Ltd.

Has the share price of Elcid Investment grown faster than its competition?

Is Elcid Investment stock expensive?

How strong is Elcid Investment balance sheet?

Is the debt of Elcid Investment increasing or decreasing?

Is the profitablity of Elcid Investment improving?

Does Elcid Investment pay decent dividends?

How has Elcid Investment allocated its funds?

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