Elantas Beck India Ltd(ELANTAS)

NSE: ELANTASBSE: 500123

₹ 12,822.7+4.81%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 10,165 crNext results: 28 Oct 2026Website: www.altana.comUpdated: 24 Oct 2026

About

ELANTAS Beck India Ltd. is one of India's leading manufacturers of insulating and protective materials for the electrical and electronic industries, with a portfolio spanning wire enamels, impregnating resins and varnishes, flexible electrical insulation materials, electronic compounds, specialty coatings, and engineering materials. The company reported record revenue of ₹84,780.93 lakhs in FY25, operating two manufacturing plants at Pimpri (Pune) and Ankleshwar. It is a publicly listed subsidiary of ALTANA AG, combining local manufacturing strength with global technology capabilities.^[1][2]

Business segments

Electrical Insulations (wire enamels and secondary insulation) contributed ₹683.45 cr, or 80.6% of FY25 segment revenue, covering products that insulate and protect electrical windings.^[3]
Engineering and Electronic Resins and Materials contributed ₹164.64 cr, or 19.4% of FY25 segment revenue, covering electronic compounds, hardeners, and engineering materials.^[3]
The Electrical Insulations segment's revenue share has shifted by -4.0 percentage points over FY2018 - FY2025, reflecting gradual mix change toward Engineering and Electronic Resins.^[3]

Products

The Electrical Insulation portfolio includes wire enamels, impregnating resins and varnishes, and flexible electrical insulation materials (LV and HV secondary insulation).^[1]
The Engineering and Electronic segment covers electronic compounds, specialty coatings, hardeners, and engineering materials designed for automotive electronics PCBA protection and industrial use.^[1]
Over 18 new solutions were launched in FY25 across all business lines, targeting Automotive (including E-Mobility), Power, Solar Energy, and Motors/Alternators/Generators.^[1]
22 new HV resin products from the Von Roll India technology transfer commenced manufacturing at the Pimpri plant in FY25.^[1]

Operations

The company operates 2 manufacturing plants (Pimpri, Pune and Ankleshwar) and 3 offices in India; no international plants.^[1]
Both Pimpri and Ankleshwar plants continued to operate in full compliance with Pollution Control Board requirements in FY25.^[1]
A new Finished Goods warehouse at Ankleshwar, built as a green building on 100% green energy, became operational from August 2024.^[4]
Process Safety Management (PSM) Phase 1 was completed at both plants in FY25; Phase 2 is progressing.^[1]
The company closed FY25 with 204 employees on roll.^[1]

Key operating numbers

Total volume in FY25 was 34,415 metric tonnes, up 5.92% over FY24's 32,491 mts.^[1][4]
First Time Pass Rate reached 99.9% in FY25, reflecting stable manufacturing execution across both plants.^[1]
Electrical Insulations EBIT margin was 17.0% in FY25; Engineering and Electronic Resins EBIT margin was 28.8% in FY25.^[3]

R&D and technology

Technologies fully absorbed in FY25 include water-based varnish for impregnation, polyesterimide systems, single-component unsaturated polyester impregnation resin, and single-component epoxy impregnating resin (all imported 2024).^[1]
Two new global R&D projects were approved by the Technical Steering Committee in FY25 and are making strong progress.^[1]

Customers and distribution

The company serves customers in power and transmission, automotive electronics, e-mobility, smart metering, home appliances, consumer electronics, and industrial sectors across 28 states in India.^[1]
The Electronics business is predominantly focused on automotive electronics in India, delivering specialised PCBA protection solutions.^[1]
Exports - mainly to Bangladesh and Nepal - form a small share of sales; political instability in those markets resulted in minimal export activity during FY25.^[1]

Expansion and capex

Expansion of the solvent recovery plant is planned for 2026 to support increased wire enamel production; on completion it will double recovery capacity.^[1]
FY24 capex on energy conservation equipment was ₹97 lakhs, reducing gas consumption per unit by 3.2% and electricity consumption per unit by 3.8%.^[4]

Recent developments

Integration of Von Roll India's assets and customer relationships in the resins and tapes segments was completed during FY25.^[1]
Three-year wage settlements were reached amicably with workmen at both Pimpri and Ankleshwar plants for 1 January 2025 to 31 December 2027.^[1]
The company received the ET India Supply Chain Award (Risk Mitigation category) and Safe Tech National Awards in Emergency and Disaster Preparedness, Worker's Medical and Healthcare Excellence, and Best Safety Professional for 2025.^[1]

Market Cap

₹10,165 Cr

High / Low

₹14,898 / 7,111

Stock P/E

55.4

Price / Book

8.9

Book Value

₹1,272

EPS

₹186.4

No. of Shares

0.79 Cr

ROCE

21.2%

ROE

15.8%

OPM

22.2%

Debt / Equity

0.00

Sales

₹848 Cr

Net Profit

₹148 Cr

Promoter holding

75.0%

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Elantas Beck India Ltd(ELANTAS)

About

Business segments

Products

Operations

Key operating numbers

R&D and technology

Customers and distribution

Expansion and capex

Recent developments

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