Elofic Industries Limited Unlisted Shares
About Elofic Industries Limited Unlisted Shares
Elofic Industries Limited, founded in 1973, is a leading manufacturer and supplier of automobile filters and lubricants in India. The company operates under the provisions of the Companies Act, 1956, and has grown to become a major player in the automotive sector. With its headquarters located at 14/4, Mathura Road, Faridabad, Haryana, Elofic Industries specializes in producing a broad range of filters and lubricants, serving a global market. The company has an impressive track record, marked by more than 67 years of operational excellence.
Elofic Industries has earned its industry leadership status by consistently delivering high-quality products and maintaining strong relationships with top-tier companies across the globe. The company operates through six state-of-the-art manufacturing facilities located in Faridabad (Haryana), Nalagarh (Himachal Pradesh), and Hosur (Tamil Nadu), employing over 600 dedicated professionals. Their product portfolio includes a variety of automotive products such as oil filters, air filters, fuel filters, hydraulic filters, coolants, lubricants, and grease, catering to both domestic and international markets.
Business Divisions of Elofic Industries Limited
Elofic Industries operates across several key business divisions that contribute to its strong market presence:
Filter Manufacturing: The core division of Elofic Industries, which manufactures a variety of filters, including oil filters, air filters, fuel filters, and hydraulic filters. These filters are essential components in automotive and industrial applications.
Lubricants and Coolants: Elofic Industries produces high-performance lubricants and coolants that cater to the needs of both the automotive and industrial sectors. Their range of lubricants ensures smooth engine performance, while their coolants help in maintaining optimal engine temperatures.
Grease: The company also manufactures different types of greases used in automotive and industrial machinery, providing essential solutions for lubrication and maintenance.
Global Presence: Elofic’s products are used by Fortune 1000 corporations worldwide, solidifying its position as a key supplier in the automotive industry.
Financial Highlights of Elofic Industries Limited
Elofic Industries has demonstrated strong financial performance in recent years, showcasing growth in both revenue and profitability. Here are some of the key financial highlights:
Revenue Consistency and Growth: Elofic Industries recorded a steady revenue trajectory over the past few years, with revenue increasing from ₹261 crore in 2021 to ₹352 crore in 2024. Although there was a slight decline from ₹359 crore in 2023, the company’s revenue remained robust, demonstrating its ability to maintain a steady top line.
Gross Margin Expansion: Elofic’s gross margin increased from 52.49% in 2021 to 54.26% in 2024. This steady improvement reflects the company’s effective cost management and its ability to control raw material costs while maintaining product quality.
Strong Operating Profit Margin (OPM): Elofic Industries has consistently maintained a strong OPM, increasing from 18.01% in 2021 to 20.45% in 2024. This improvement indicates better operational efficiency and the company’s ability to generate profits from its core operations.
Profitability Growth: Elofic Industries’ Profit After Tax (PAT) grew significantly from ₹25 crore in 2021 to ₹48 crore in 2024. The company’s Net Profit Margin (NPM) also increased from 9.58% in 2021 to 13.64% in 2024, showcasing its strong profitability and financial health.
Earnings Per Share (EPS): Elofic’s EPS has demonstrated consistent growth, rising from ₹100 in 2021 to ₹192 in 2024. This significant increase in EPS reflects the company’s commitment to delivering value to its shareholders.
Pros
Over 67 years of industry leadership in automotive filters and lubricants.
Diverse product range, including filters, lubricants, coolants, and grease.
Strong manufacturing facilities ensuring efficiency and scalability.
Cons
Heavy dependence on the automotive sector for revenue.
Limited diversification beyond filters and lubricants.
Vulnerable to supply chain disruptions and raw material price volatility.
Key Details
| Metric | Value |
|---|---|
| Market Cap (in ₹ Cr) | #VALUE! (see below) |
| P/E Ratio | #VALUE! (see below) |
| P/B Ratio | #VALUE! (see below) |
| Debt to Equity | 0 |
| Return on Equity (ROE) | 22% |
| Book Value per Share | ₹1,325.56 |
| Earnings Per Share (EPS) | ₹297.33 |
| Face Value | ₹10 |
| Total Shares | 25,08,370 |
| Particular | Details |
|---|---|
| Company Name | Elofic Industries Limited |
| Shares Price | Per Equity Share (Not specified) |
| Lot Size | 25 Shares |
| 52 Week High | ₹3,000 |
| 52 Week Low | ₹2,150 |
| Depository | NSDL & CDSL |
| PAN Number | AAACE0425C |
| ISIN | INE02YY01015 |
| CIN | U74999HR1973PLC070262 |
| RTA | Alankit Assignments Limited |
Financials
| Particulars | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Revenue | 352 | 359 | — |
| Cost of Material Consumed | 161 | 171 | — |
| Gross Margin (%) | 54.26% | 52.37% | — |
| Change in Inventory | -1 | -3 | — |
| Employee Benefit Expenses | 51 | 47 | — |
| Other Expenses | 69 | 75 | — |
| EBITDA | 72 | 69 | — |
| Operating Profit Margin (OPM) | 20.45% | 19.22% | — |
| Other Income | 7 | 2.01 | — |
| Finance Cost | 0.2 | 0.3 | — |
| Depreciation & Amortization (D&A) | 12 | 9.7 | — |
| EBIT | 60 | 59.3 | — |
| EBIT Margin | 17.05% | 16.52% | — |
| Profit Before Tax (PBT) | 67 | 53.75 | — |
| PBT Margin | 19.03% | 14.97% | — |
| Tax | 19 | 16.18 | — |
| Profit After Tax (PAT) | 48 | 37.57 | — |
| Net Profit Margin (NPM) | 13.64% | 10.47% | — |
| Earnings Per Share (EPS) | ₹192 | ₹150.28 | — |
| Ratio | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Margin | 19% | 15% | — |
| Net Profit Margin | 13% | 10% | — |
| Return on Equity | 19% | 18% | — |
| Debt-to-Equity | 0.00 | 0.00 | — |
| Current Ratio | 5.36 | 4.32 | — |
| Dividend Payout | 2% | 2% | — |
| Metric | ELOFIC INDUSTRIES LTD | UCAL LTD | BOSCH LTD |
|---|---|---|---|
| Market Cap (₹ Cr) | ₹677 Cr | ₹342 Cr | ₹93,311 Cr |
| Profitability Margin (%) | 16% | -2% | 11% |
| Return on Capital Employed (ROCE) | 29% | 3% | 21% |
| Return on Equity (ROE) | 22% | -4% | 16% |
| Debt to Equity Ratio (D/E) | 0.00 | 0.88 | 0.01 |
| Price to Earnings Ratio (P/E) | 9.08 | N/A | 46.40 |
| Price to Book Ratio (P/B) | 2.04 | 0.96 | 6.75 |
| Book Value per Share (₹) | ₹1,325.56 | ₹160.00 | ₹4,685.00 |
| Assets | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Fixed Assets | 69 | 58 | — |
| Capital Work-in-Progress (CWIP) | 1 | 1.36 | — |
| Investments | 0.2 | 0 | — |
| Trade Receivables | 56 | 41 | — |
| Inventory | 61 | 56 | — |
| Other Assets | 111.8 | 93 | — |
| Total Assets | 299 | 249.36 | — |
