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RECOMMENDATION

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RATING

RECOMMENDATION

Strong Buy

Business Type

Traditional Business

  • unlisted stock logo
    Elofic Industries Unlisted Shares Essentials

Discover and get complete analysis on Elofic upcoming IPO unlisted shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and latest updates on Elofic Industries Share Price

ISIN

INE02YY01015

Face Value

₹10.00

Total Share

25,08,370

Total Income

₹262.47 Cr

Profit After Tax

₹24.93 Cr

Promoter Holding

93.22 %

EPS

₹0.99

P/E

3232.32

P/B

32.00

Market Capitalisation

₹802.68 Cr

Book Value

₹100.00 Cr

Intrinsic Value

₹3,711.96

Sector

Consumer Discretionary

Sub-sector

Auto Parts

Category

Upcoming IPO

Cashflow - Operations

₹42.23 Cr

Cashflow - Financing

-₹11.47 Cr

Elofic Industries Growth

Compounded Sales Growth

  • 14.36%

    1 Year

  • 6.76%

    3 Year

  • 8.81%

    5 Year

Pro Only

Compounded Profit Growth

  • 43.61%

    1 Year

  • 28.50%

    3 Year

  • 37.79%

    5 Year

Pro Only

Return On Equity

  • 20.75%

    1 Year

  • 18.00%

    3 Year

  • 10.02%

    4 Year

Pro Only

About Elofic Industries

Overview: 

  • Elofic industries limited was incorporated on 2nd June 1973. The company is engaged in manufacturing and supplying of automobile filters and lubes.
  • Elofic has a range of oil filter, air filter, fuel filter and hydraulic filter, and lubricants.
  • The company has six manufacturing units located in Faridabad, Noida, Hosur and Nalagarh with a production capacity of 110 million pcs per annum.
  • Mr. Mohan Bir Sahni is the chairman cum managing director and Mr. Kanwal Deep Sahani is the vice chairman cum joint managing director.
  • It has a distribution network of 1,400 Distributors, and 55,000 Dealers who are backed by 6 regional warehouses.


Key client base:

  • Elofic is trusted name among Indian and international automobile players. 
  • Some of the prominent names are TATA Motors, Volvo Eicher, Maruti Suzuki, Mahindra and Mahindra, Renault Nissan, Kawasaki Motors, Wabco, Kohler and many more.


Key facts:

  • It has recorded a total revenue of INR 226.8 Cr and INR 35.4 Cr of EBITDA in FY 20. 
  • The profit margins have consistently improved from FY17-FY19.

  • Elofic Industries IPO Details

Upcoming IPO

  • Elofic Industries Subsidiaries

  • Elofic industries limited established its first overseas arm Elofic USA LLC and first offshore warehouse in Milwaukee, WI, USA in 2002.
  • Elofic USA LLC is wholly owned subsidiary of Elofic industries ltd.
  • Elofic Industries Revenue Segmentation

  • OEM Supplies
  • Exports
  • Aftermarket
  • Elofic Industries Product & Services

Automobile filters and Lubes

  • Elofic Industries Industry Overview

Industry Statistics

Introduction

  • The auto-components industry expanded by a CAGR of 6% over FY16 to FY20 to reach US$ 49.3 billion in FY20.
  • Auto-components industry account for 2.3% of India’s gross domestic product (GDP) and employs as many as 1.5 million people directly and indirectly
  • A stable government framework, increased purchasing power, large domestic market, and an ever-increasing development in infrastructure have made India a favorable destination for investment.

Future Prospects

  • The auto ancillary market was valued at INR 3,61,578 Cr in FY2020 and is expected to reach INR 6,72,657 Cr by FY 2025, expanding at a CAGR of 15.35% during the FY 2021–FY 2025 period.
  • Reduction in excise duties in the motor vehicles sector is expected to propel the demand for auto ancillary products.
  • Both domestic and export markets are almost similar in terms of market share breakup. Engine and Exhaust components along with body and structural parts make up nearly 50% of the potential domestic sales as well as exports. Transmission and steering parts, and electronics and electrical equipment are the other key products
  • India is emerging as global hub for auto component sourcing. A cost-effective manufacturing base keeps costs lower by 10-25% relative to operations in Europe and Latin America. Relative to Chinese suppliers, India is also geographically closer to key automotive markets like the Middle East and Europe

Government Initiatives

  • To develop India into a manufacturing hub of auto mobiles and auto components, the Government of India has allocated INR 570 Bn under the production-linked incentive (PLI) scheme
  • The PLI scheme, introduced in November 2020, is expected to attract additional investments in the auto ancillary sector from domestic and foreign investors.
  • Government has come out with Automotive Mission Plan (AMP) 2016-26 which will help the automotive industry to grow and will benefit Indian economy in the following ways:
  • Contribution of auto industry in the country’s GDP will rise to over 12%.
  • Around 65 million incremental number of direct and indirect jobs will be created.
  • End of life policy will be implemented for old vehicles.

Elofic Industries Awards & Achievements


Elofic Industries Strengths

  • Operating Profits of the company has been increasing with a CAGR of 27.5% from 2016 to 2020.
  • Profit after tax of the company has been increasing with a CAGR of 36.3% from 2016 to 2020
  • It has a strong distribution network of 1,400 Distributors, and 55,000 Dealers who are backed by 6 regional warehouses.
  • Elofic has a huge customer base such as TATA Motors, Volvo Eicher, Maruti Suzuki, Mahindra and Mahindra, Renault Nissan, Kawasaki Motors, Wabco, Kohler and many more which allows to avoid any dependency. 

Elofic Industries Shortcomings

  • Though the profit margins have increased for the company, the growth of revenue remains below the expectations.
  • The company is unable to covert its inventory into sales effectively when compared to its peers.

Elofic Industries Opportunities

  • In the post pandemic scenario, Original equipment manufacturers (OEMs) are expected to drive consolidation in the auto ancillary market of tier I cities, as well as propel important global suppliers to strengthen local presence.
  • The distributors of auto ancillary products are expected to de-risk their sourcing base. Indian auto ancillary players are expected to leverage technology tie-ups to compete in the international market
  • The aftermarket is likely to remain relatively insulated, resulting in increased focus toward the auto ancillary after market by auto components suppliers until the OEM market recovers.
  • Favorable Government schemes are likely to increase the demand of auto industry.

Elofic Industries Threats

  • A high competition from both international and domestic competitors such as MAHLE, Minda industries, Rico Industries, JBM, WABCO, Motherson Sumi poses a threat to business.
Elofic Industries Rating

  • RECOMMENDATION

    Strong Buy

  • Elofic Industries Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

Registered Date

02/06/1973

Planify Ticker

Elo

Reg Office: 14/4, Mathura Road, Faridabad, Haryana, India – 121003

Website: http://www.elofic.com