500123

Elantas Beck share price & financials

Price
₹10,658.25
Market cap
₹11.5k Cr
Sector
Chemicals

What Elantas Beck does

ELANTAS Beck India manufactures insulating and protective materials for the electrical and electronic industries, including wire enamels, impregnating resins and varnishes, flexible electrical insulation materials, electronic compounds, specialty coatings and engineering materials. It earns by supplying these materials to customers in transportation, automotive, power generation and distribution, industrial systems, e-mobility, wind energy and consumer sectors. The company is a subsidiary of Germany's ALTANA AG, combining local manufacturing with the parent's global technology base, and runs its own R&D infrastructure to develop and localise new material chemistries for customers.

Segments

  • Wire Enamel
  • Low Voltage
  • High Voltage
  • Engineering Material
  • Electronics
Manufacturing plants
2 (Pimpri, Maharashtra; Ankleshwar, Gujarat)
Reported business lines
5 (Wire Enamel, Low Voltage, High Voltage, Engineering Material, Electronics)
Parent company
ALTANA AG (Germany)
Years in operation
70 years (incorporated 1956)
New manufacturing facility under development
Greenfield plant at Taluka Vagra, District Bharuch, Gujarat (approvals in progress)
Regional sales offices
Bengaluru and New Delhi
Founded 1956Headquarters Pune, Maharashtra, India Company website

Quarterly results

Q1 FY27: revenue up 34.8%, net profit up 82.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue184 197 206 210 217 +18%215 +9%222 +8%283 +35%
EBITDA33 35 40 40 47 +42%45 +29%43 +8%82 +105%
Net profit31 30 33 39 36 +16%39 +30%31 −6%71 +82%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +32.1% 1Y

₹8k₹10k₹12k₹14kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹10,990.8 on 10 Sept 2025 → ₹14,521.35. High ₹14,521.35 (11 Sept 2026), low ₹7,414.25 (23 Mar 2026).

Financials, as filed

Revenue grew 11.8% a year over 2 years, FY23 to FY25. Operating margin narrowed to 20.3%.

Year endingFY23FY24FY25
Revenue₹679 Cr₹749 Cr₹848 Cr
Operating profit₹144 Cr₹145 Cr₹172 Cr
Operating margin21.2%19.4%20.3%
Interest₹0 Cr₹0 Cr₹0 Cr
Depreciation₹12 Cr₹15 Cr₹22 Cr
Net profit₹137 Cr₹140 Cr₹147 Cr
Net margin20.2%18.7%17.3%
Cash from operations₹133 Cr₹63 Cr₹127 Cr
Free cash flow₹121 Cr₹-82 Cr₹96 Cr
ROCE28.0%23.0%21.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY20FY21FY22FY23FY24FY25
Equity capital₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr
Reserves₹434 Cr₹497 Cr₹591 Cr₹724 Cr₹859 Cr₹1.0k Cr
Borrowings₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other liabilities₹95 Cr₹114 Cr₹119 Cr₹149 Cr₹148 Cr₹158 Cr
Total liabilities₹536 Cr₹618 Cr₹717 Cr₹881 Cr₹1.0k Cr₹1.2k Cr
Fixed assets₹103 Cr₹98 Cr₹98 Cr₹99 Cr₹223 Cr₹240 Cr
Capital work in progress₹18 Cr₹19 Cr₹13 Cr₹17 Cr₹19 Cr₹8 Cr
Investments₹218 Cr₹261 Cr₹356 Cr₹517 Cr₹379 Cr₹592 Cr
Other assets₹198 Cr₹240 Cr₹250 Cr₹247 Cr₹395 Cr₹326 Cr
Total assets₹536 Cr₹618 Cr₹717 Cr₹881 Cr₹1.0k Cr₹1.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.12 pp while DIIs added +0.11 pp. The shareholder count grew 5% to 9,155.

Promoters
75.0%
FIIs
0.1%
DIIs
12.3%
Public
12.7%

Since Jun 2025

  • Public −0.12 pp
  • DIIs +0.11 pp
  • FIIs +0.01 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.7%, DIIs 11.7%, Public 12.5%.Dec '23: Promoters 75.0%, FIIs 0.7%, DIIs 11.8%, Public 12.5%.Mar '24: Promoters 75.0%, FIIs 0.7%, DIIs 11.9%, Public 12.4%.Jun '24: Promoters 75.0%, FIIs 0.7%, DIIs 11.9%, Public 12.4%.Sep '24: Promoters 75.0%, FIIs 0.7%, DIIs 11.9%, Public 12.4%.Dec '24: Promoters 75.0%, FIIs 0.7%, DIIs 11.7%, Public 12.6%.Mar '25: Promoters 75.0%, FIIs 0.5%, DIIs 11.7%, Public 12.8%.Jun '25: Promoters 75.0%, FIIs 0.0%, DIIs 12.2%, Public 12.8%.Sep '25: Promoters 75.0%, FIIs 0.0%, DIIs 12.2%, Public 12.8%.Dec '25: Promoters 75.0%, FIIs 0.0%, DIIs 12.2%, Public 12.8%.Mar '26: Promoters 75.0%, FIIs 0.0%, DIIs 12.3%, Public 12.7%.Jun '26: Promoters 75.0%, FIIs 0.1%, DIIs 12.3%, Public 12.7%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Elantas Beck above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Elantas Gmbh 75.00%unchanged
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund8.42%unchanged
Tata Mutual Fund- Tata Small Cap Fund Mutual fund3.83%unchanged
Anmol Sekhri Consultants Private Limited 1.02%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹14521, this stock must grow earnings at 38% every year for 7 years. Our analysis caps realistic growth at ~12%. At that growth it is worth ₹3873 — downside of 73%.

Growth the price implies
38.3% a year
for 7 years, fading to 4%
It has actually compounded at
11.7% a year
net profit, FY23–FY26 · EPS 11.9%
The gap
0.3 pp
-73% downside if it only repeats history
Price today ₹14,521.35 Value at the reference growth ₹3,872.92

Change the assumptions yourself →

Learn to analyse Elantas Beck

Guides on how to read this kind of business and the numbers that matter.