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RATING

RECOMMENDATION

Strong Buy

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RATING

RECOMMENDATION

Strong Buy

Business Type

Emerging Leader

  • ELCID INVESTMENTS LIMITED Unlisted Shares Essentials

ISIN

INE927X01018

Face Value

₹10.00

Total Share

2,00,000

Total Income

₹7,752.13 L

Profit After Tax

₹7,318.02 L

EPS

₹3,659.01

Book Value

₹6,04,300.00 L

Intrinsic Value

₹2,72,012.00

Sector

Financials

Sub-sector

Assets Management

Category

Listed On Exchange

Cashflow - Operations

-₹115.89 L

Cashflow - Financing

-₹36.17 L

ELCID INVESTMENTS LIMITED Growth

Compounded Sales Growth

  • 27.32%

    1 Year

  • 27.60%

    2 Year

Pro Only

Compounded Profit Growth

  • 34.17%

    1 Year

  • 25.70%

    2 Year

Pro Only

Return On Equity

  • 1.21%

    1 Year

  • 1.21%

    2 Year

Pro Only

About ELCID INVESTMENTS LIMITED

  • Elcid Investments Limited is a Non-Banking Finance Company registered with Reserve Bank of India. The shares of the com-pany are listed on the Bombay Stock Exchange, Mumbai.  
  • Elcid Investments Limited was incorporated on 3.12.1981 un-der the provisions of Companies Act 1956 in Mumbai. 
  • The company’s revenue from operations has been increased from INR 6,088 lakhs in 2019 to INR 7,752 lakhs in the year 2020, showcased a growth rate of 27.3%. 

  • ELCID INVESTMENTS LIMITED Subsidiaries

  • The company has two subsidiaries i.e. Murahar Investments & Trading Company Limited & Suptaswar Investments & Trading Company limited. 
  • Both these subsidiaries are also registered with Reserve bank Of India as a Non – Banking Finance Company.
  • However, the company does not have any joint venture or asso-ciate company.
  • ELCID INVESTMENTS LIMITED Industry Overview

Industry Statistics

  • In January 2021, the National Stock Exchange (NSE) launched de-rivatives on the Nifty Financial Service Index. This service index is likely to provide institutions and retail investors more flexibility to manage their finances.
  • In November 2020, the Reserve Bank of India (RBI) announced establishment of its Innovation Hub. In order to encourage access to financial services and goods and foster financial inclusion, this initiative would create an ecosystem. The Innovation Hub of the Reserve Bank (RBIH) is intended to promote innovation across the financial sector by leveraging technology and creating a con-ducive environment for innovation.

Future Prospects

  • The relaxation of foreign investment rules has received a positive response from the insurance sector, with many companies an-nouncing plans to increase their stakes in joint ventures with In-dian companies. Over the coming quarters, there could be a series of joint venture deals between global insurance giants and local players

Government Initiatives

  • The government has approved 100% FDI for insurance interme-diaries and increased FDI limit in the insurance sector to 74% from 49% under the Union Budget 2021-22.
  • In November 2020, two MOUs were signed—one between India International Exchange (India INX) and Luxembourg Stock Ex-change and another between State Bank of India and Luxembourg Stock Exchange for cooperation in financial services, ESG (envi-ronmental, social and governance) and green finance in the local market. 

ELCID INVESTMENTS LIMITED Strengths

  • Total income of the company has been increased from INR 6,088 lakhs in FY 19 to INR 7,752 lakhs in FY 2020, showcased a growth rate of 27.3%.
  • Profit after tax of the company has been increasing from INR 4,631 lakhs in 2018 to INR 7,318 lakhs in 2020 with a CAGR of 25.7% from 2018 to 2020.
  • Company’s debt equity ratio is 0 i.e. lowest risk of bankruptcy.
  • Company’s ROA is highest as compared to its peers.
  • Current ratio of the company is highest amongst its peers thus having a good liquidity position.

ELCID INVESTMENTS LIMITED Shortcomings

  • Cash from operations of the company has been decreased despite of increased total revenue, shows inefficient man-agement of cash flows.

ELCID INVESTMENTS LIMITED Opportunities

  • One of the biggest opportunities for NBFC is its new to credit investment customers. Such customers are those people who belong from the rural area and have never borrowed credits or loans from any financial institution in the past.
  • People from rural areas have limited access to banks and other credit financial institutions and services and they have to rely upon the NBFCs for availing credits. Therefore, NBFCs are a boon for the rural sector.

ELCID INVESTMENTS LIMITED Threats

  • The future income from investments and the valuations of investee companies would depend on the global economic developments in the coming months and the resumption of activity on gradual relaxa-tion of lockdowns.
  • The national lockdown announced on March 23, 2020 owing to the COVID-19 pandemic affected activities of organizations across the economic ecosystem, impacting earning prospects and valuations of companies and creating volatility in the capital markets.
ELCID INVESTMENTS LIMITED Rating

  • RECOMMENDATION

    Strong Buy

  • ELCID INVESTMENTS LIMITED Detail Info

Stock Exchange Ticker

ELCID