Elantas Beck India share price & results
- Jun 2026
- Sept 2026
Makes wire enamels, impregnating resins and electrical insulation materials; India unit of ALTANA AG.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 283 | +34.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 29.0 | +10.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 71.0 | +82.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 16.03 | −1.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 11.32 | +22.3 pts | Fiscal year | FY ending Dec 2025 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 17.57 | +3.1 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +30.6% 1Y
1Y: ₹9,633.65 on 24 Oct 2025 → ₹12,579. High ₹14,793 (21 Sept 2026), low ₹7,414.25 (23 Mar 2026).
- Previous close
- ₹12,705
- Market cap
- ₹10.1k Cr
- 52-week range
- ₹7,414.25 – ₹14,793
- One year
- +28.68%
- Price to earnings (TTM to Jun 2026)
- 56.90×
- Return on equity (TTM to Jun 2026)
- 16.03%
Overview
- Symbol
- NSE:ELANTAS
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Elantas Beck India Limited does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Dec 2020 to Dec 2025).
Financials
What the filings say
Net profit, year on year: +82% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 184 | 197 | 206 | 210 | 217 | 215 | 222 | 283 |
| Expenses | 150 | 162 | 166 | 170 | 169 | 170 | 179 | 202 |
| Operating profit | 33 | 35 | 40 | 40 | 47 | 45 | 43 | 82 |
| Operating margin | 18.0% | 18.0% | 20.0% | 19.0% | 22.0% | 21.0% | 20.0% | 29.0% |
| Other income | 12 | 10 | 9 | 18 | 7 | 14 | 3 | 19 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 5 | 5 | 5 | 6 | 6 | 6 | 6 |
| Profit before tax | 42 | 40 | 44 | 53 | 49 | 53 | 40 | 95 |
| Tax rate | 25.0% | 26.0% | 26.0% | 26.0% | 25.0% | 25.0% | 23.0% | 25.0% |
| Net profit | 31 | 30 | 33 | 39 | 36 | 39 | 31 | 71 |
| EPS (₹ per share) | 39.19 | 37.51 | 41.46 | 49.56 | 45.74 | 49.66 | 39.20 | 89.38 |
| Line item | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Sales | 679 | 749 | 848 |
| Expenses | 536 | 604 | 675 |
| Operating profit | 144 | 145 | 172 |
| Other income | 52 | 54 | 48 |
| Interest | 0 | 0 | 0 |
| Depreciation | 12 | 15 | 22 |
| Profit before tax | 183 | 183 | 199 |
| Net profit | 137 | 140 | 147 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Jun 2025 | Dec 2025 | Jun 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 591 | 724 | 859 | 925 | 1,000 | 1,096 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 |
| Other liabilities | 119 | 149 | 148 | 163 | 158 | 212 |
| Total liabilities | 717 | 881 | 1,015 | 1,096 | 1,166 | 1,316 |
| Fixed assets | 98 | 99 | 223 | 232 | 240 | 273 |
| Capital work in progress | 13 | 17 | 19 | 18 | 8 | 14 |
| Investments | 356 | 517 | 379 | 527 | 592 | 642 |
| Other assets | 250 | 247 | 395 | 319 | 326 | 387 |
| Total assets | 717 | 881 | 1,015 | 1,096 | 1,166 | 1,316 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | 79 | 29 | 83 | 133 | 63 | 127 |
| Cash from investing | -69 | -33 | -76 | -132 | 78 | -194 |
| Cash from financing | -4 | -4 | -5 | -5 | -5 | -6 |
| Net cash flow | 6 | -8 | 2 | -3 | 136 | -74 |
| Free cash flow | 63 | 37 | 86 | 121 | -82 | 96 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Debtor days | 67 | 61 | 58 | 55 | 62 | 60 |
| Inventory days | 89 | 95 | 73 | 68 | 78 | 71 |
| Days payable | 103 | 86 | 67 | 81 | 76 | 61 |
| Cash conversion cycle | 54 | 70 | 64 | 41 | 64 | 70 |
| Working capital days | 46 | 57 | 48 | 33 | 56 | 56 |
| Return on capital employed | 19.0% | 17.0% | 22.0% | 28.0% | 23.0% | 21.0% |
| Dividend payout | 6.0% | 6.0% | 4.0% | 3.0% | 4.0% | 4.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Electrical Insulations contributes 79.2% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
- Electrical Insulations 79.2%
₹224.68 crore
- Engineering and Electronic Resins and Materials 20.8%
₹58.84 crore
- other and unallocable assets 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Electrical Insulations | 224.68 | 79.2% |
| Engineering and Electronic Resins and Materials | 58.84 | 20.8% |
| other and unallocable assets | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹283.52 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹283.52 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
What the price assumes
Growth trapTo justify its price of ₹12579, this stock must grow earnings at 35% every year for 7 years. Our analysis caps realistic growth at ~12%. At that growth it is worth ₹3873 — downside of 69%.
- Growth the price implies
- 35.3% 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
- 0.2 pp
- -69% downside if it only repeats history
Ownership
Who owns it
Promoters hold 75.00% as of Sept 2026; institutions added 0.24 pts since Jun 2026.
- Promoters 75.00%
- Foreign institutions 0.05%
- Domestic institutions 12.52%
- Public 12.42%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mutual fund +0.13 pp 8.55% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Elantas Beck India Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 75.00% | unchanged | |
| Mutual fund | 8.55% | +0.13 pp |
| Mutual fund | 3.83% | unchanged |
| 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.
Mutual funds in ELANTAS
Filings to Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹938 Cr
- 1 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹938 Cr · 1.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹938 Cr | held | Feb '13 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +272%
- vs est. average cost
- Held by funds
- ₹938 Cr
- 1 schemes · ≈ 8.5% of the company
Shares held by these funds +10%
Oct '23 6.78 L shares Sep '26
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