News

Elantas Beck India

05-Aug-2026 | 11:34

Net up 80% on good operating show

Standalone net sales (including other operating income) of Elantas Beck India for the quarter ended Jun 2026 has increased 34.99% to Rs 283.39 crore. Operating profit margin has jumped from 18.89% to 28.83%, leading to 106.08% rise in operating profit to Rs 81.71 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 62.26% to 55.83%. Purchase of finished goods cost rose from 1.44% to 3.22%. Employee cost decreased from 6.73% to 5.16%. Other expenses fell from 10.93% to 8.27%.

Other income up 4.39% to Rs 19.27 crore. PBIDT rose 73.77% to Rs 100.98 crore. Provision for interest remained nil. Loan funds remained nil. PBDT rose 73.93% to Rs 100.86 crore. Provision for depreciation rose 16.34% to Rs 5.98 crore. Profit before tax grew 79.53% to Rs 94.88 crore. Provision for tax was expense of Rs 24.02 crore, compared to Rs 13.56 crore. Effective tax rate was 25.32% compared to 25.66%. Profit after tax rose 80.35% to Rs 70.86 crore.

Sales of Electrical Insulations segment has gone up 30.16% to Rs 224.68 crore (accounting for 79.25% of total sales). Sales of Engineering & Electronic Resins and segment has gone up 56.53% to Rs 58.84 crore (accounting for 20.75% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 101.41% to Rs 75.61 crore. PBIT of Electrical Insulations segment rose 110.58% to Rs 55.59 crore (accounting for 73.52% of total PBIT). PBIT of Engineering & Electronic Resins and segment rose 79.68% to Rs 20.02 crore (accounting for 26.48% of total PBIT).
PBIT margin of Electrical Insulations segment rose from 15.29% to 24.74%. PBIT margin of Engineering & Electronic Resins and segment rose from 29.64% to 34.03%. Overall PBIT margin rose from 17.86% to 26.67%.

For year-to-date (YTD) results analysis

Net sales (including other operating income) of Elantas Beck India has increased 21.51% to Rs 505.56 crore. Sales of Electrical Insulations segment has gone up 17.71% to Rs 402.22 crore (accounting for 79.54% of total sales). Sales of Engineering & Electronic Resins and segment has gone up 38.56% to Rs 103.49 crore (accounting for 20.46% of total sales).

Profit before interest, tax and other unallocable items (PBIT) has jumped 61.41% to Rs 122.35 crore. PBIT of Electrical Insulations segment rose 65.16% to Rs 89.71 crore (accounting for 73.32% of total PBIT). PBIT of Engineering & Electronic Resins and segment rose 51.93% to Rs 32.64 crore (accounting for 26.68% of total PBIT).

PBIT margin of Electrical Insulations segment rose from 15.89% to 22.30%. PBIT margin of Engineering & Electronic Resins and segment rose from 28.76% to 31.54%. Overall PBIT margin rose from 18.20% to 24.19%.

Operating profit margin has jumped from 19.23% to 24.74%, leading to 56.30% rise in operating profit to Rs 125.07 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 61.40% to 56.69%. Purchase of finished goods cost fell from 2.84% to 2.55%. Employee cost decreased from 6.19% to 5.86%. Other expenses fell from 10.80% to 10.76%.

Other income fell 18.04% to Rs 22.22 crore. PBIDT rose 37.49% to Rs 147.29 crore. Provision for interest up 47.37% to Rs 0.28 crore. Loan funds remained nil. Inventories rose to Rs 122.69 crore as of 30 June 2026 from Rs 102.16 crore as of 30 June 2025. Sundry debtors were higher at Rs 173.29 crore as of 30 June 2026 compared to Rs 132.87 crore as of 30 June 2025. Cash and bank balance rose to Rs 76.60 crore as of 30 June 2026 from Rs 69.28 crore as of 30 June 2025. Investments rose to Rs 641.62 crore as of 30 June 2026 from Rs 527.43 crore as of 30 June 2025 .

PBDT rose 37.47% to Rs 147.01 crore. Provision for depreciation rose 19.49% to Rs 11.71 crore. Fixed assets increased to Rs 220.45 crore as of 30 June 2026 from Rs 170.82 crore as of 30 June 2025. Intangible assets declined from Rs 78.56 crore to Rs 66.88 crore. Profit before tax grew 39.28% to Rs 135.30 crore. Provision for tax was expense of Rs 33.35 crore, compared to Rs 24.98 crore. Effective tax rate was 24.65% compared to 25.72%.Profit after tax rose 41.28% to Rs 101.95 crore.

Equity capital stood at Rs 7.93 crore as of 30 June 2026 to Rs 7.93 crore as of 30 June 2025. Per share face Value remained same at Rs 10.00.

Promoters? stake was 75.00% as of 30 June 2026 ,compared to 75.00% as of 30 June 2025 .

Cash flow from operating activities increased to Rs 95.05 crore for YTD ended June 2026 from Rs 64.95 crore for YTD ended June 2025. Cash flow used in acquiring fixed assets during the YTD ended June 2026 stood at Rs 49.05 crore, compared to Rs 17.40 crore during the YTD ended June 2025.

Full year results analysis

Net sales (including other operating income) of Elantas Beck India has increased 13.27% to Rs 847.81 crore. Sales of Electrical Insulations segment has gone up 8.77% to Rs 683.45 crore (accounting for 80.59% of total sales). Sales of Engineering & Electronic Resins and segment has gone up 33.77% to Rs 164.64 crore (accounting for 19.41% of total sales).

Profit before interest, tax and other unallocable items (PBIT) has jumped 14.54% to Rs 163.43 crore. PBIT of Electrical Insulations segment rose 6.32% to Rs 116.08 crore (accounting for 71.03% of total PBIT). PBIT of Engineering & Electronic Resins and segment rose 41.35% to Rs 47.34 crore (accounting for 28.97% of total PBIT).

PBIT margin of Electrical Insulations segment fell from 17.38% to 16.99%. PBIT margin of Engineering & Electronic Resins and segment rose from 27.21% to 28.76%. Overall PBIT margin rose from 18.99% to 19.27%.

Operating profit margin has jumped from 19.29% to 20.31%, leading to 19.27% rise in operating profit to Rs 172.19 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 61.44% to 59.30%. Purchase of finished goods cost rose from 2.05% to 2.64%. Employee cost increased from 6.18% to 6.60%. Other expenses fell from 11.26% to 11.18%.

Other income fell 12.12% to Rs 48.13 crore. PBIDT rose 10.64% to Rs 220.32 crore. Provision for interest fell 22.73% to Rs 0.51 crore. Loan funds remained nil. Inventories rose to Rs 97.05 crore as of 31 December 2025 from Rs 95.05 crore as of 31 December 2024. Sundry debtors were higher at Rs 140.17 crore as of 31 December 2025 compared to Rs 126.53 crore as of 31 December 2024. Cash and bank balance declined from Rs 153.39 crore as of 31 December 2024 to Rs 69.11 crore as of 31 December 2025. Investments rose to Rs 592.26 crore as of 31 December 2025 from Rs 378.55 crore as of 31 December 2024 .

PBDT rose 10.75% to Rs 219.81 crore. Provision for depreciation rose 41.52% to Rs 21.27 crore. Fixed assets increased to Rs 174.47 crore as of 31 December 2025 from Rs 160.29 crore as of 31 December 2024. Intangible assets declined from Rs 81.68 crore to Rs 73.49 crore.

Profit before tax grew 8.23% to Rs 198.54 crore. Provision for tax was expense of Rs 50.76 crore, compared to Rs 43.89 crore. Effective tax rate was 25.57% compared to 23.92%.

Profit after tax rose 5.89% to Rs 147.78 crore.

Equity capital stood at Rs 7.93 crore as of 30 June 2026 to Rs 7.93 crore as of 30 June 2025. Per share face Value remained same at Rs 10.00.

Promoters? stake was 75.00% as of 31 December 2025 ,compared to 75.00% as of 31 December 2024 .

Cash flow from operating activities increased to Rs 127.11 crore for year ended December 2025 from Rs 63.22 crore for year ended December 2024. Cash flow used in acquiring fixed assets during the year ended December 2025 stood at Rs 30.88 crore, compared to Rs 145.14 crore during the year ended December 2024.

Elantas Beck India : Standalone Results

	Quarter ended			Year to Date			Year ended
Particulars	202606	202506	Var.(%)	202606	202506	Var.(%)	202512	202412	Var.(%)
Net Sales (including other operating income)	283.39	209.93	34.99	505.56	416.06	21.51	847.81	748.51	13.27
OPM (%)	28.83	18.89	995 bps	24.74	19.23	551 bps	20.31	19.29	102 bps
OP	81.71	39.65	106.08	125.07	80.02	56.30	172.19	144.37	19.27
Other Inc.	19.27	18.46	4.39	22.22	27.11	-18.04	48.13	54.77	-12.12
PBIDT	100.98	58.11	73.77	147.29	107.13	37.49	220.32	199.14	10.64
Interest	0.12	0.12	0.00	0.28	0.19	47.37	0.51	0.66	-22.73
PBDT	100.86	57.99	73.93	147.01	106.94	37.47	219.81	198.48	10.75
Depreciation	5.98	5.14	16.34	11.71	9.8	19.49	21.27	15.03	41.52
PBT	94.88	52.85	79.53	135.3	97.14	39.28	198.54	183.45	8.23
PBT before EO	94.88	52.85	79.53	135.3	97.14	39.28	198.54	183.45	8.23
EO Income	0	0	-	0	0	-	0	0	-
PBT after EO	94.88	52.85	79.53	135.3	97.14	39.28	198.54	183.45	8.23
Taxation	24.02	13.56	77.14	33.35	24.98	33.51	50.76	43.89	15.65
PAT	70.86	39.29	80.35	101.95	72.16	41.28	147.78	139.56	5.89
P/(L) from discontinued operations net of tax	0	0	-	0	0	-	0	0	-
Net profit after discontinued operations	70.86	39.29	80.35	101.95	72.16	41.28	147.78	139.56	5.89
EPS (Rs)*	89.38	49.56	80.35	128.60	91.02	41.28	186.41	176.04	5.89

* EPS is on current equity of Rs 7.93 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database

Elantas Beck India : Standalone Segment Results

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	Quarter ended				Year to Date				Year ended
	% of (Total)	202606	202506	Var.(%)	% of (Total)	202606	202506	Var.(%)	% of (Total)	202512	202412	Var.(%)
Sales
Wire enamels & Varnishes	0.00	0.00	0.00	-
Resins	0.00	0.00	0.00	-
Others	0.00	0.00	0.00	-
Electrical Insulations	79.25	224.68	172.62	30.16	79.54	402.22	341.71	17.71	80.59	683.45	628.32	8.77
Engineering & Electronic Resins and	20.75	58.84	37.59	56.53	20.46	103.49	74.69	38.56	19.41	164.64	123.08	33.77
Total Reported Sales	100.00	283.52	210.21	34.88	100.00	505.71	416.40	21.45	100.00	848.09	751.40	12.87
Less: Inter segment revenues		0.00	0.00	-		0.00	0.00		0.00	0.00	-
Net Sales	100.00	283.52	210.21	34.88	100.00	505.71	416.40	21.45	100.00	848.09	751.40	12.87
PBIT
Wire enamels & Varnishes	0.00	0.00	0.00	-
Resins	0.00	0.00	0.00	-
Others	0.00	0.00	0.00	-
Electrical Insulations	73.52	55.59	26.40	110.58	73.32	89.71	54.31	65.16	71.03	116.08	109.19	6.32
Engineering & Electronic Resins and	26.48	20.02	11.14	79.68	26.68	32.64	21.48	51.93	28.97	47.34	33.49	41.35
Total PBIT	100.00	75.61	37.54	101.41	100.00	122.35	75.80	61.41	100.00	163.43	142.68	14.54
Less : Interest		0.12	0.12	2.16		0.28	0.19	42.49		0.51	0.66	-22.03
Add: Other un-allcoable		19.38	15.42	25.73		13.23	21.53	-38.57		35.62	41.43	-14.01
PBIT Margin(%)
Wire enamels & Varnishes		0.00	0.00	0.00
Resins		0.00	0.00	0.00
Others		0.00	0.00	0.00
Electrical Insulations		24.74	15.29	944.90		22.30	15.89	640.79		16.99	17.38	-39.27
Engineering & Electronic Resins and		34.03	29.64	438.51		31.54	28.76	277.63		28.76	27.21	154.32
PBT	100.00	94.88	52.84	79.55	100.00	135.30	97.14	39.29	100.00	198.54	183.45	8.22

Peer Comparision (Standalone)	Q-202606
Peer Comparision (Standalone)	Sales (Rs. Crs)	var.(%)	OP (Rs. Crs)	var.(%)	Net Profit (Rs. Crs)	var.(%)	Share Price(Rs) 04-Aug-2026	var.(%) over One year	TTM EPS	TTM PE
Elantas Beck India Ltd	283.39	34.99	81.71	106.08	70.86	80.35	9,730.10	-15.89	223.99	43.44
Aarti Industries Ltd	2,481.00	35.72	366.00	72.64	144.00	227.27	481.65	21.81	13.48	35.73
Aarti Surfactants Ltd	272.87	26.39	20.31	73.74	9.08	196.73	535.45	-3.09	22.08	24.26
Aether Industries Ltd	256.51	19.4	79.74	24.79	48.31	14.67	1,580.05	105.91	14.05	112.50
Alkali Metals Ltd	17.57	-14.75	-0.34	PL	-0.64	44.35	68.73	-23.66	1.06	64.80
Alkyl Amines Chemicals Ltd	528.01	30.2	133.60	74.48	94.63	91.4	1,922.15	-14.93	44.03	43.65
Amal Ltd	26.75	87.06	3.63	485.48	2.43	1178.95	778.85	-22.52	5.48	142.02
Anlon Healthcare Ltd	30.98	-6.97	7.47	19.52	4.80	35.21	14.57	58.89	0.55	26.65
Archean Chemical Industries Ltd	315.93	13.39	67.74	-18.36	40.53	-21.83	532.20	-16.49	11.59	45.93
Atul Ltd	1,588.60	21.77	296.34	82.95	201.03	105.68	6,794.40	3.27	237.19	28.65
Balaji Amines Ltd	422.74	32.36	103.46	83.21	72.14	81.26	1,994.45	27.56	61.07	32.66
BASF India Ltd	4,833.24	28.88	541.01	143.96	349.55	137.55	3,927.75	-17.49	142.92	27.48
Castrol India Ltd	1,871.47	25.03	494.18	41.39	347.70	42.5	187.00	-14.81	10.91	17.14
Chembond Chemicals Ltd	18.44	-0.32	2.99	26.69	2.70	141.07	225.00	23.46	4.45	50.56
Chembond Material Technologies Ltd	62.97	28.72	1.87	-29.17	4.50	41.96	177.00	-1.45	6.53	27.11
Chemcon Speciality Chemicals Ltd	66.49	24.23	15.43	98.58	10.96	71.52	193.75	-18.98	7.69	25.19
Chemcrux Enterprises Ltd	21.94	30.99	2.83	77.99	1.37	136.21	100.80	-18.84	4.21	23.92
Chemfab Alkalis Ltd	73.02	-16.62	8.51	-36.54	4.83	-10.39	387.75	-45.26	4.83	76.91
Clean Science & Technology Ltd	207.10	-5.83	86.87	-13.69	73.29	-4.28	775.10	-35.74	23.33	33.22
Continental Petroleums Ltd	12.28	-33.3	1.31	-16.03	0.59	-4.84	80.35	-37.03	3.55	22.65
Deepak Fertilisers & Petrochemicals Corp Ltd	516.97	-11.43	106.11	-9.74	68.34	-21.31	1,600.45	3.47	19.86	80.58
Deepak Nitrite Ltd	806.76	31.76	109.83	84.19	64.71	113.63	1,715.60	-5.59	16.91	101.46
Epigral Ltd	705.36	16.29	179.20	9.68	99.18	-38.17	1,102.85	-39.73	63.00	17.51
Fairchem Organics Ltd	176.15	34.4	17.86	241.49	10.01	755.56	779.50	-12.11	12.03	64.81
Fineotex Chemical Ltd	85.15	-13.34	15.70	-7.59	20.53	3.22	38.45	52.34	0.79	48.39
GHCL Ltd	774.26	-2.72	316.10	60.29	151.37	4.55	444.95	-23.54	52.80	8.43
GP Petroleums Ltd	230.33	45.6	28.40	199.58	21.19	229.04	54.44	32.62	8.56	6.36
Grauer & Weil (India) Ltd	294.97	18.31	50.05	-4.85	41.84	-4.15	71.82	-24.40	3.65	19.68
Gujarat Alkalies & Chemicals Ltd	1,244.91	12.65	221.68	90.09	53.40	585.49	682.20	17.72	9.05	75.40
Gulf Oil Lubricants India Ltd	1,320.36	32.52	170.36	34.59	127.52	31.93	1,159.85	-2.20	80.44	14.42
Himadri Speciality Chemical Ltd	1,274.26	15.8	276.09	13.26	223.42	22.37	750.60	58.12	15.67	47.91
Jayant Agro Organics Ltd	354.49	7.09	31.88	22.15	19.63	20.95	223.75	-8.41	20.46	10.93
Jocil Ltd	253.06	-6.25	3.77	0.27	2.17	-2.25	146.23	-4.29	9.28	15.76
Jubilant Ingrevia Ltd	1,242.33	28.8	213.86	76.31	126.22	113.9	751.80	0.56	21.65	34.72
Keltech Energies Ltd	183.28	27.76	13.80	9.96	8.08	-1.58	8,903.00	119.44	261.90	33.99
Laxmi Organic Industries Ltd	957.73	42.54	107.00	216.85	63.30	175.58	184.40	-3.81	4.31	42.74
Mangalam Organics Ltd	163.09	43.53	17.68	35.58	5.32	-23.12	480.00	1.05	17.22	27.87
Neogen Chemicals Ltd	252.28	36.68	48.16	38.87	19.44	36.61	2,086.55	44.16	19.06	109.49
Nitta Gelatin India Ltd	140.87	1.5	34.46	25.4	25.19	29.98	1,633.85	85.59	128.19	12.75
NOCIL Ltd	403.02	19.87	44.41	50.14	27.32	64.78	171.00	-4.44	4.70	36.39
OCCL Ltd	219.67	78.46	61.66	134.18	40.25	206.32	180.60	24.72	14.79	12.21
Oriental Aromatics Ltd	256.71	14.03	22.45	10.97	8.15	41.99	382.00	3.93	8.22	46.44
Paushak Ltd	83.55	49.52	25.65	43.7	15.10	25.52	735.95	8.57	17.19	42.81
PCBL Chemical Ltd	1,653.48	13.8	238.39	5.51	107.24	15.2	322.30	-19.60	6.58	48.99
Pidilite Industries Ltd	4,249.38	22.13	1,120.64	26.17	829.87	27.71	1,620.00	9.80	25.25	64.16
Plastiblends India Ltd	221.61	11.01	21.98	63.06	14.95	67.6	188.25	-0.29	16.44	11.45
Privi Speciality Chemicals Ltd	600.59	6.04	145.56	6.77	84.26	22.67	3,674.20	61.90	95.49	38.48
Resonance Specialities Ltd	32.58	53.17	7.46	192.55	5.74	252.15	154.35	37.94	12.57	12.28
Ritesh International Ltd	50.54	44.19	2.80	241.46	1.75	297.73	82.74	134.32	5.73	14.44
Rossari Biotech Ltd	482.28	31.86	56.42	28.4	34.27	30.65	513.80	-25.71	27.24	18.86
S H Kelkar & Company Ltd	333.24	-0.9	64.26	237.15	-9.62	PL	165.75	-33.74	-0.26	-
SRF Ltd	3,716.14	25.29	948.69	31.05	566.30	42.64	2,619.00	-14.16	66.53	39.37
Sudeep Pharma Ltd	105.68	31.82	39.20	28.99	33.83	34.25	869.45	12.38	10.29	84.50
Tanfac Industries Ltd	187.18	6.35	28.58	-1.35	16.85	-12.92	3,102.75	51.81	31.89	97.29
Tata Chemicals Ltd	1,281.00	9.58	364.00	34.81	343.00	11.73	668.20	-31.44	25.75	25.95
Tatva Chintan Pharma Chem Ltd	146.70	34.37	21.40	42.1	11.43	122.81	1,767.35	53.08	19.39	91.14
Thirumalai Chemicals Ltd	330.65	-25.78	40.83	LP	14.21	LP	186.05	-34.39	-2.73	-
Vinati Organics Ltd	697.75	28.67	181.31	9.34	123.56	9.56	1,321.70	-25.52	48.09	27.48
Vishnu Chemicals Ltd	296.76	13.49	41.94	34.51	31.85	76.94	594.25	19.52	15.27	38.92
Yasho Industries Ltd	314.09	58.73	72.97	114.05	36.44	547.25	4,370.85	136.30	43.38	100.76
Industry	40,030.51	21.47	7,827.25	41.8	4,970.27	39.61	596,541.08	-5.60		54.41

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