RATING

RECOMMENDATION

Neutral

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Dominant Leader

RATING

RECOMMENDATION

Neutral

Business Type

Dominant Leader

  • Elofic Industries Growth

Get detailed information about the Elofic industries Share Price. In this research report, you will get to know about Elofic industries Pre IPO data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

Elofic Industries Revenue Growth

Growth in %

  • 14.36%

    1 Year

  • 6.76%

    3 Year

  • 8.81%

    5 Year

The company has been able to realise consistent growth in revenue over the past years. Revenue in FY21 grew by 15%, mostly contributed by the sales of its products in India, despite lower revenue expenditure in FY21 compared with revenue expenditure in FY20. It must be noted that Elofic has achieved economies of scale with the aid of continuous R&D in the company, which made Elofic a market leader in its segment and the largest exporter of filters and lubricants in India.

Elofic Industries Net Profit Growth(PAT)

Growth in %

  • 43.57%

    1 Year

  • 27.67%

    3 Year

  • 37.76%

    5 Year

The company has realised a total net profit of Rs. 24 Cr in FY21 against Rs. 17 Cr in FY20. In FY21 the company's total revenue per unit of expenses has increased from Rs. 2.41 to Rs. 2.79 in FY21 from FY20 due to better management of resources and economies of scale. In FY21, despite a total of Rs. 32 Cr increase in total revenue in FY21, the total expense has declined by Rs. 24 lakhs, which was primarily due to changes in inventories of the company, which has been the reason for increase in the net profit growth of the company. 

Elofic Industries EPS Growth

Growth in %

  • 43.58%

    1 Year

  • 28.48%

    3 Year

  • 37.76%

    5 Year

The company's EPS increased from Rs. 69 in FY20 to Rs. 99 in FY21. The reason for the increase in EPS is the same as the reason for the increase in the company's net profit, as the company did not make any changes to its number of shares.

  • Elofic Industries Book Value Growth

Growth in %

  • 20.68%

    1 Year

  • 22.57%

    3 Year

  • 19.62%

    4 Year

The book value of the company grew by 20% in FY21 from FY20. This book value growth was brought about by the increase in the general reserves of the company, which grew from Rs. 9 Cr to Rs. 12 Cr, and the surplus in profit and loss, which was a result of the increase in the net profits of the company in FY21. 

Elofic Industries EBITDA Growth

Growth in %

  • 36.45%

    1 Year

  • 15.49%

    3 Year

  • 20.81%

    5 Year

The company has witnessed a 36% increase in its EBITDA in FY21 compared to FY20. EBITDA has been growing consistently over the last few years. EBITDA in FY21 has been a result of economies of scale and a conservative approach towards cost-related expenses. 

Elofic Industries Operating Profit Growth

Growth in %

  • 51.21%

    1 Year

  • 21.70%

    3 Year

  • 31.94%

    5 Year

The company's operating profit increased by 51% in FY21 compared to FY20.EBIT in FY20 has declined sharply due to lower total revenue generated by the company. However, in FY21, the company has sufficiently reduced its expenses by following a cost-conservative approach, which has evidently improved the EBIT of the company. The company also reduced its fixed assets, which led to a lower depreciation amount, improving the EBIT altogether. 

Elofic Industries Asset Growth

Growth in %

  • 21.13%

    1 Year

  • 10.46%

    3 Year

  • 8.46%

    5 Year

In FY21, the total assets of the company grew by 21%, the current assets of the company grew by 37%, whilst non-current assets fell by 7%. This fall in non-current assets is explained by the COVID-19 impact, when the market conditions were not adequate to expand fixed assets to promote future growth. The company has made deductions on their property, plant, and equipment, which also made the best time for investments, which can be seen on their balance sheet. On the other hand, the company has substantially increased its cash and cash equivalent to cover unforesable risk during COVID-19. 

Elofic Industries Cash Flow from Operations

Growth in %

  • 42.95%

    1 Year

  • 48.33%

    3 Year

  • 27.84%

    5 Year

The cash flow from operations has increased by 42%, which was brought about by the increase in profit before tax, secondly, the company has increased its trade payable and even with higher income tax paid the cash flow from operations still witnessed increase in cash flow from operations by Rs. 12 Cr. 

  • Elofic Industries Solvency Ratios


Elofic Industries D/E Ratio

The company has been steadily improving its debt-to-equity ratio. The company usually takes cash credit from HDFC for its working capital requirements, which the company did not take in FY21. The company took a vehicle loan, which is coming near maturity, thereby reducing its long-term debt. As a result, the debt of the company is being reduced and is expected to do so in coming years. 

Elofic Industries Current Ratio

Current ratio of the company, has steadily improved year on year. In FY21, current assets of the company has increased by 37% from FY20 due to increase in the inventory and receivables of the company, a direct outcome of COVID-19. On the other hand, the company did not take any cash credit facility for its working capital requirements. This has improved the solvency position of the company. 

Elofic Industries Quick Ratio

Elofic Industries Interest Coverage Ratio

The interest coverage ratio of the company has increased over the years, which is due to the increase in revenue and also profits of the company, which is because of the strong marketing and production arms of the company, respectively. The company in FY21 did not take any short-term borrowings and long-term borrowings are coming to maturity, reducing the finance expense of the company.

  • Elofic Industries Operating Efficiency

We can see an increase in the operating margin of the company in this financial year which is due to the addition of state of the art machinery which has significantly reduced rejection and wastage costs. This move also allows the company to reap benefits of economies of sale by addition of automation in the production processes and by matching the increasing demand.

Elofic Industries Operating Profit EBIT Margin(OPM)

Elofic Industries Profit Before Tax Margin (PBT Margin)

Elofic Industries Profit After Tax Margin (PAT Margin)

  • Elofic Industries Profitablity Ratio

We can see an increase in the profitability ratios in this FY21 despite the COVID-19 restrictions because of two factors primarily. Firstly, the increased revenue of the company owing to the domestic sales being constant and also increase in the sales at an international level. Secondly, the investment of the company in production, quality & engineering and R&D departments has ensured that the operating costs are decreased significantly for the company to achieve a better profit.

Elofic Industries Return on Equity(RoE)


Elofic Industries Return on Capital Employed(RoCE)


Elofic Industries Return to Assets (RoA)

  • Elofic Industries Valuation Ratios

Elofic Industries Dividend Yield

Elofic Industries Earning Yield