Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Oct - Newspaper Publication - Special Window for Re-lodgement of Physical Shares Transfer Request
Source: Bse
Elantas Beck India Limited (ELANTAS)
Small CapIndustrials stocks · Small cap · NSE
Elantas Beck India Limited operates in Insulating Varnishes, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹13,556
-480.00 · -3.42%
Market cap ₹10,682 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals05 Oct 2026 · screener
Latest result05 Aug, 01:06 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
56NeutralSMA20 +10.2% / mo · MACD −
Stock trend: 59
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ELANTASD candles · FIT view+46.5%Latest close ₹13556.00 on 2026-10-19
Daily history is available from 2026-04-20; the requested 1Y window is partially covered.
Bar
-3.1%
RSI
50
MACD hist
-91.13
52W pos
74%
2026-10-19O ₹13990.00H ₹14015.00L ₹13302.00C ₹13556.00Vol 3,494 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ELANTASNifty India ManufacturingNifty 500
- ELANTAS
- +42.2%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +47.8 pp
Chart stats
19 Oct 2026- From 52W high
- -10.5%
- 52W range position
- 74%
- ATR (14)
- 4.3%
- Volume vs 20D
- 1.38x
- Avg traded value
- ₹3.6 Cr
- 20D price channel
- ₹13,067 - ₹15,150
₹15,150
₹8,900 - ₹15,150
₹586.8
Latest completed session
20-session average
37.4% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST45
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +34.8% · PAT +82.0% YoY
Technical
Neutral56
Price trend and sector-relative-strength timing.
Valuation
Legacy model-54.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence78
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 100/100Rev +35% YoY · PAT +82% YoY · margin expansion · +27% QoQ · operating leverage
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹283 Cr | +34.8% | +27.5% |
| EBITDA | ₹82 Cr | +105.0% | +90.7% |
| Operating margin | 29.0% | +1000 bps | +900 bps |
| PAT | ₹71 Cr | +82.0% | +129.0% |
| PAT margin | 25.1% | +652 bps | +1113 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 60.20
- P/B
- 9.67
- EV/EBITDA
- 44.51
- Market Cap
- 10682.00Cr
Profitability
- ROE
- 15.70%
- ROCE
- 21.20%
- ROA
- 13.53%
- Dividend Y
- 0.06%
Growth (CAGR)
- Revenue 5Y
- 17.00%
- EPS 5Y
- 19.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 18.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 217.00×
- Altman Z
- 8.72
- Book Value
- 1393.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 10/5
- OCF
- 127.00 Cr
- EPS TTM
- 223.98
Shareholding
- Promoter Hold
- 75.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 79%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 283+27.5% vs prev
Net Profit
₹ CrLatest: 71.0+129.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 50. Wait for confirmation.
- SMA20 rising (~9.3% over last month) — short-term momentum positive.
- RSI(14) at 50 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 11% off 52W high · 52% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
89
RS percentile
Insufficient history
1M return
-4.7%
3M return
+42.2%
6M return
+47.0%
1Y return
-
RS 1D
-1
RS 20D
-
Sector rank
#2
Industry rank
#9
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price above
200-DMA
unavailable
Sector
leading
Industry
leading
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
127 observations
19 Oct 2026Value 151.95-2.42%
RS vs Nifty 500152
Valuation & peers
U-Score 45 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 45 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth14/25
Quality11/20
Balance Sheet11/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
45
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
45/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 11/15 to the score.
- Growth contributes 14/25 to the score.
Main drags
- Fair-value margin of safety is negative at -54.0%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
60.2
PB
9.7
EV/EBITDA
44.5
ROE
15.7%
ROCE
21.2%
FCF Yield
—
Debt/Equity
0.0
MoS
-54.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
45
Previous: 45
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-54.0%
Previous: -54.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
45
45
45
45
45
45
45
45
45
45
45
45
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹2,649.55
-411.6% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹8,802.41
-54.0% MoS
PEG
3.24
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
VINATIORGA
Small
Vinati Organics Limited
Specialty Chemicals
match 134
52
26.2
14.9%
+41%
FAIR VALUE
GALAXYSURF
Small
Galaxy Surfactants Limited
Specialty Chemicals
match 132
29
22.8
10.9%
-287%
OVERVALUED
IOLCP
Small
IOL Chemicals and Pharmaceuticals Limited
Specialty Chemicals
match 131
36
34.2
8.4%
+27%
WATCHLIST
FCL
Small
Fineotex Chemical Limited
Specialty Chemicals
match 131
33
51.4
13.5%
-34%
WATCHLIST
FINEORG
Small
Fine Organic Industries Limited
Specialty Chemicals
match 131
51
36.5
16.5%
+4%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Elantas Beck India Limited operates in Insulating Varnishes, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
78Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 86th percentile of the scored universe and 86th percentile within Industrials. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
86th percentile
overall median 67 · Industrials: 86th pctile, median 68 · Small: 89th pctile, median 66
Evidence depth
Financial-only
8 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
64
acceptable · capital discipline
Results
79
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸10 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸ROCE trend is -2.8%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Elantas Beck India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep - Newspaper Publication - Loss of Share Certificate(s)
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Aug - Newspaper Publication - Special window for re-lodgement of physical shares transfer request
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Aug - Newspaper Publication - Unaudited Financial results for the Quarter and Half year ended on 30th June, 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 24 Jun - Newspaper publication - for loss of share certificate(s)
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Jun - Newspaper Publication- 1. Special Window for re-lodgement of Physical Share transfer request and 2. IEPF-second 100 days Campaign "Saksham Niveshak"
Source: Bse
Announcement
Announcement Under Regulation 30 2 Jun - Board approved Rs 56 crore capex for 11,000 MT/year capacity expansion at Ankleshwar plant within 12 months.
Source: Bse
Announcement
Board Meeting Outcome for Outcome Of Board Meeting Held On 02Nd June, 2026 3h - Board approved Rs 56 crore Ankleshwar capacity expansion by 11,000 MT/year over 12 months.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 13 May - Members approved reappointment of Nandkumar Dhekne and appointed M S K A & Associates LLP as auditors.
Source: Bse
Announcement
Re-Appointment Of Mr. Nandkumar Dhekne As Independent Director 13 May - AGM approved reappointment of Independent Director Nandkumar Dhekne and appointment of MSKA & Associates LLP as auditors for five years.
Source: Bse
AnnouncementMar 2026
Mar 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 14 May - Newspaper publication of unaudited financial results for the quarter ended 31st March, 2026
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.