Share it on:
Company Overview
- Incorporation Date: 1973, under the provisions of the Companies Act, 1956.
- Business Activities: Elofic Industries Limited, along with its subsidiary (collectively referred to as the Group), is engaged in manufacturing and supplying automobile filters and lubricants.
- Registered Office: 14/4, Mathura Road, Faridabad-121003.
Company Legacy
Experience: Over 67 years in the industry.
Workforce: More than 600 professionals.
Manufacturing Facilities:
- Faridabad, Haryana
- Nalagarh, Himachal Pradesh
- Hosur, Tamil Nadu
Global Clientele: Includes Fortune 1000 blue-chip corporations.
Product Range
Elofic offers a comprehensive range of filtration and lubrication products, including:
- Oil filters
- Air filters
- Fuel filters
- Hydraulic filters
- Coolants and lubricants
- Grease
Market Presence
Domestic Clients:
- Action Construction Equipment Ltd.
- Bosch Limited.
- Escorts Construction Equipment Ltd.
- Godrej & Boyce Mfg. Co. Ltd.
- JCB India Ltd.
- International Tractors Limited.
- Mahindra & Mahindra.
- Maruti Suzuki India Limited.
- Renault Nissan Mitsubishi Alliance, India.
- VST Tillers & Tractors Ltd.
- Volvo Eicher Commercial Vehicles Ltd.
- TATA Motors.
International Clients:
- Argo Tractors, Italy
- Briggs & Stratton, USA
- Generac Power Systems Inc., USA
- Kawasaki Motors Manufacturing Corporation, USA
- Kohler Engines, USA
- Wabco, Germany
- Lombardini, Italy
Subsidiary
Subsidiary Name: Elofic USA, LLC.
Stake: 100% ownership
Fundamentals
| Fundamentals | 2023 | Fundamentals | 2023 |
|---|---|---|---|
| Current Price | ₹ 2200 | P/B | 2.64 |
| Debt to Equity | 0 | P/E Ratio | 14.64 |
| Market Cap (in Cr.) | ₹ 550 | PAN Number | AAACE0425C |
| Face Value | ₹ 10 | EPS | ₹ 150.28 |
| Book Value | ₹ 834 | ISIN | INE02YY01015 |
| ROE (%) | 18.02 | No. of Shares (in Cr.) | 2.5 |
Promoters & Managements
| Name | Designation |
|---|---|
| Mohan Bir Sahni | Chairman, MD |
| Kanwal Deep Sahni | Vice Chairman & Joint MD |
Profit & Loss Statement:
| Item | 2022 | 2023 |
|---|---|---|
| Revenue | 331.6 | 361.01 |
| Cost of Material Consumed | 155 | 171 |
| Gross Margins | 53.03 | 52.37 |
| Change in Inventory | -3 | -3 |
| Employee Benefit Expenses | 42 | 47 |
| Other Expenses | 70 | 75 |
| EBITDA | 66 | 69 |
| OPM (Operating Profit Margin) | 20 | 19.22 |
| Other Income | 1.6 | 2.01 |
| Finance Cost | 0 | 0.3 |
| D&A (Depreciation & Amortization) | 9 | 9.7 |
| EBIT | 57 | 59.3 |
| EBIT Margins | 17.27 | 16.52 |
| PBT (Profit Before Tax) | 56 | 53.75 |
| PBT Margins | 16.97 | 14.97 |
| Tax | 17 | 16.18 |
| PAT (Profit After Tax) | 39 | 37.57 |
| NPM (Net Profit Margin) | 11.82 | 10.47 |
| EPS (Earnings Per Share) | 156 | 150.28 |
Financial Ratios:
| Financial Ratios | 2022 | 2023 |
|---|---|---|
| Operating Profit Margin | 20 | 19.22 |
| Net Profit Margin | 11.82 | 10.47 |
| Earnings Per Share (Diluted) | 156 | 150.28 |
Assets:
| Item | 2022 | 2023 |
|---|---|---|
| Fixed Assets | 48 | 58 |
| CWIP (Capital Work in Progress) | 10 | 1.36 |
| Investments | 0 | 0 |
| Trade Receivables | 38 | 41 |
| Inventory | 59 | 56 |
| Other Assets | 64 | 93 |
| Total Assets | 219 | 249.36 |
Liabilities:
| Item | 2022 | 2023 |
|---|---|---|
| Share Capital | 2.5 | 2.5 |
| Face Value (FV) | 10 | 10 |
| Reserves | 169 | 206 |
| Borrowings | 0 | 0 |
| Trade Payables | 38 | 32 |
| Other Liabilities | 9.5 | 9 |
| Total Liabilities | 219 | 249.5 |
Cash Flow Statement:
| Item | 2022 | 2023 |
|---|---|---|
| PBT (Profit Before Tax) | 56 | 53.75 |
| OPBWC (Operating Profit Before Working Capital) | 63 | 62.42 |
| Change in Receivables | -7 | -2.28 |
| Change in Inventories | -7 | 4.42 |
| Change in Payables | -0.2 | -9 |
| Other Changes | -12 | 1.45 |
| Working Capital Change | -26.2 | -5.41 |
| Cash Generated From Operations | 36.8 | 57.01 |
| Tax | -17 | -16 |
| Cash Flow From Operations | 19.8 | 41.01 |
| Purchase of PPE | -20.7 | -14 |
| Sale of PPE | 0 | 0 |
| Cash Flow From Investment | -20.4 | -37.48 |
| Borrowing | 0 | -0.09 |
| Dividend | -0.5 | -0.75 |
| Equity | 0 | 0 |
| Others From Financing | -0.4 | -0.33 |
| Cash Flow from Financing | -0.9 | -1.17 |
| Net Cash Generated | -1.5 | 2.36 |
| Cash at the Start | 4 | 2.58 |
| Cash at the End | 2.5 | 4.94 |
Share Holding Pattern
| Category | 2022 (%) | 2023 (%) |
|---|---|---|
| Promoters | 83.38 | 83.38 |
| Others | 16.62 | 16.62 |
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
Contact Us: Reach out to Unlistify to confirm availability and agree on a price.
Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.
Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.
Receive Shares: We’ll transfer the Elofic Industries shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your Elofic Industries shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the Elofic Industries shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your Elofic Industries shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
Unlistify aims to make unlisted share investing accessible. The current minimum investment for Elofic Industries Unlisted Shares is approximately 35,000 – 50,000 INR.
Limited Liquidity: Unlisted shares are not traded on public exchanges, making it potentially harder to find buyers when you want to sell.
Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.
Regulatory Changes: Regulations for unlisted shares can change, affecting their value and trading.
Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.
No Guarantee of Listing: There’s no assurance that unlisted shares will ever be listed on a public exchange.
Market Leader: Unlistify is one of India’s fastest-growing unlisted share platforms.
Transparency: We provide clear information about each unlisted share, including potential risks.
Security: We prioritize the protection of your financial information.
Customer Support: Our team is dedicated to guiding you through the investment process.
Latest Funding: We consider the valuation from Elofic Industries most recent funding round.
Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.
SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.
We aim for same-day transfer of Elofic Industries Unlisted Shares to your Demat account after your payment is confirmed.
Tax Transition: Once your unlisted Elofic Industries shares are listed and sold on an exchange, standard listed share tax rules apply.
Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.
