 |
Results
27-Jul-21
|
|
|
|
|
|
|
|
Analysis
|
|
|
|
Elantas Beck India
|
|
PBT up 79% in H1CY21
|
|
|
|
|
|
Elantas
Beck India standalone net sales increased 148.67% to Rs 114.91 crore in Q1FY22
compared to Q1FY21. Sales of Electrical
Insulations segment has gone up 135.11% to Rs 98.20 crore (accounting for
84.91% of total sales). Sales of
Engineering & Electronic Resins and Materials segment has gone up 243.71%
to Rs 17.45 crore (accounting for 15.09% of total sales).
Operating
profit margin has jumped from 2.64% to 13.49%, leading to 1,170.49% rise in
operating profit to Rs 15.50 crore Raw material cost as a % of total sales (net
of stock adjustments) increased from 54.55% to 70.65%. Purchase of finished
goods cost fell from 6.27% to 0.22%. Employee cost decreased from 14.99% to
6.28%. Other expenses fell from 21.46% to 11.06%.
Other
income fell 43.70% to Rs 4.38 crore. Profit before interest, tax and other
unallocable items (PBIT) has jumped 38,904.10% to Rs 14.16 crore. PBIT of
Electrical Insulations segment rose 3,291.96% to Rs 11.85 crore (accounting for
83.68% of total PBIT). PBIT of
Engineering & Electronic Resins and Materials reported profit of Rs 2.31
crore compared to loss of Rs 0.31 crore.
PBIT
margin of Electrical Insulations segment rose from 0.84% to 12.07%. PBIT margin
of Engineering & Electronic Resins and Materials segment rose from negative
6.17% to 13.24%. Overall PBIT margin
rose from 0.08% to 12.24%.
Provision
for interest remained nil. Loan funds remained nil. Inventories rose to Rs
87.32 crore as of 30 June 2021 from Rs 51.70 crore as of 30 June 2020. Sundry
debtors were higher at Rs 67.32 crore as of 30 June 2021 compared to Rs 49.03
crore as of 30 June 2020. Cash and bank balance declined from Rs 21.54 crore as
of 30 June 2020 to Rs 20.35 crore as of 30 June 2021. Investments rose to Rs
228.71 crore as of 30 June 2021 from Rs 181.66 crore as of 30 June 2020 .
Provision
for depreciation rose 4.48% to Rs 3.03 crore.
Profit before tax grew 176.23% to Rs 16.85 crore. Provision for tax was expense of Rs 4.27
crore, compared to Rs 1.35 crore.
Effective tax rate was 25.34% compared to 22.13%. Profit after tax rose
164.84% to Rs 12.58 crore.
For year-to-date (YTD)
results analysis
Net
sales of Elantas Beck India has increased 61.16% to Rs 243.99 crore. Sales of Electrical Insulations segment has
gone up 50.54% to Rs 206.05 crore (accounting for 83.98% of total sales). Sales
of Engineering & Electronic Resins and segment has gone up 148.81% to Rs
39.30 crore (accounting for 16.02% of total sales).
Operating
profit margin has jumped from 11.10% to 16.77%, leading to 143.51% rise in
operating profit to Rs 40.91 crore. Raw material cost as a % of total sales
(net of stock adjustments) increased from 56.93% to 66.63%. Purchase of
finished goods cost fell from 6.23% to 0.21%. Employee cost decreased from
9.03% to 6.09%. Other expenses fell from 16.59% to 11.37%.
Other
income fell 45.80% to Rs 6.77 crore.Profit before interest, tax and other
unallocable items (PBIT) has jumped 168.35% to Rs 38.18 crore. PBIT of
Electrical Insulations segment rose 139.52% to Rs 31.80 crore (accounting for
83.27% of total PBIT). PBIT of
Engineering & Electronic Resins and segment rose 569.25% to Rs 6.39 crore
(accounting for 16.73% of total PBIT).
PBIT
margin of Electrical Insulations segment rose from 9.70% to 15.43%. PBIT margin of Engineering & Electronic
Resins and segment rose from 6.04% to 16.26%.
Overall PBIT margin rose from 9.32% to 15.56%.
Provision
for interest up 13.64% to Rs 0.25 crore.
Provision for depreciation rose 0.34% to Rs 5.9 crore. Profit before tax grew 79.09% to Rs 41.53
crore. Provision for tax was expense of
Rs 10.82 crore, compared to Rs 5.13 crore.
Effective tax rate was 26.05% compared to 22.12%. Profit after tax rose
70.04% to Rs 30.71 crore.
Full year results
analysis
Net
sales of Elantas Beck India declined 2.78% to Rs 383.13 crore. Sales of Electrical Insulations segment has
gone down 1.58% to Rs 340.50 crore (accounting for 88.36% of total sales). Sales of Engineering & Electronic Resins
and Materials segment has gone down 13.10% to Rs 44.84 crore (accounting for
11.64% of total sales).
Operating
profit margin has jumped from 13.66% to 18.36%, leading to 30.69% rise in operating
profit to Rs 70.34 crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 64.48% to 55.84%. Purchase of finished goods cost
rose from 0.13% to 4.58%. Employee cost increased from 6.90% to 7.34%. Other expenses fell from 14.93% to 13.90%.
Other
income up 23.39% to Rs 21.79 crore.
Profit before interest, tax and other unallocable items (PBIT) has
jumped 20.61% to Rs 64.59 crore. PBIT of
Electrical Insulations segment rose 21.40% to Rs 57.87 crore (accounting for
89.59% of total PBIT). PBIT of
Engineering & Electronic Resins and Materials segment rose 14.23% to Rs
6.73 crore (accounting for 10.41% of total PBIT).
PBIT
margin of Electrical Insulations segment rose from 13.78% to 16.99%. PBIT margin of Engineering & Electronic
Resins and Materials segment rose from 11.41% to 15.00%. Overall PBIT margin rose from 13.47% to
16.76%.
Provision
for interest fell 35.29% to Rs 0.22 crore.
Loan funds remained nil.
Inventories rose to Rs 52.68 crore as of 31 December 2020 from Rs 49.77
crore as of 31 December 2019. Sundry
debtors were higher at Rs 70.51 crore as of 31 December 2020 compared to Rs
61.09 crore as of 31 December 2019. Cash
and bank balance rose to Rs 26.62 crore as of 31 December 2020 from Rs 24.41
crore as of 31 December 2019.
Investments rose to Rs 217.72 crore as of 31 December 2020 from Rs
159.84 crore as of 31 December 2019 .
Provision
for depreciation rose 59.18% to Rs 11.7 crore.
Fixed assets increased to Rs 76.30 crore as of 31 December 2020 from Rs
71.20 crore as of 31 December 2019.
Intangible assets declined from Rs 49.33 crore to Rs 44.07 crore.
Profit
before tax grew 25.74% to Rs 80.21 crore.
Provision for tax was expense of Rs 18.45 crore, compared to Rs 14.23
crore. Effective tax rate was 23.00%
compared to 22.31%. Profit after tax rose 24.62% to Rs 61.76 crore.
Promoters’
stake was 75.00% as of 31 December 2020 compared to 75.00% as of 31 December
2019 .
Cash
flow from operating activities increased to Rs 79.40 crore for year ended
December 2020 from Rs 47.86 crore for year ended December 2019. Cash flow used in acquiring fixed assets
during the year ended December 2020 stood at Rs 25.65 crore, compared to Rs
48.54 crore during the year ended December 2019.
0n
March 6, 2019, the company was directed for closure of its operations in
Ankleshwar by the Gujarat Pollution Control Board (GPCB) due to a suspected
ground water contamination issue, The GPCB through its subsequent orders had
granted temporary revocation of the closure order. As per the latest order, the
GPCB has provided temporary revocation for further 6 months which will be due
for renewal in October 2021. The company is representing to the GPCB for a
permanent revocation of the closure order and `s doing all the necessary acts,
deeds and formalities in that connection.
The
stock trades at Rs 3962.
|
Elantas Beck India : Standalone Results
|
|
Particulars
|
2106 (03)
|
2006 (03)
|
Var.(%)
|
2106 (06)
|
2006 (06)
|
Var.(%)
|
2012 (12)
|
1912 (12)
|
Var.(%)
|
|
Net
Sales
|
114.91
|
46.21
|
149
|
243.99
|
151.4
|
61
|
383.13
|
394.07
|
-3
|
|
OPM
(%)
|
13.5
|
2.6
|
|
16.8
|
11.1
|
|
18.4
|
13.7
|
|
|
OP
|
15.5
|
1.22
|
1170
|
40.91
|
16.8
|
144
|
70.34
|
53.82
|
31
|
|
Other
Inc.
|
4.38
|
7.78
|
-44
|
6.77
|
12.49
|
-46
|
21.79
|
17.66
|
23
|
|
PBIDT
|
19.88
|
9
|
121
|
47.68
|
29.29
|
63
|
92.13
|
71.48
|
29
|
|
Interest
|
0
|
0
|
-
|
0.25
|
0.22
|
14
|
0.22
|
0.34
|
-35
|
|
PBDT
|
19.88
|
9
|
121
|
47.43
|
29.07
|
63
|
91.91
|
71.14
|
29
|
|
Depreciation
|
3.03
|
2.9
|
4
|
5.9
|
5.88
|
0
|
11.7
|
7.35
|
59
|
|
PBT
before EO
|
16.85
|
6.1
|
176
|
41.53
|
23.19
|
79
|
80.21
|
63.79
|
26
|
|
EO
Income
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBT
after EO
|
16.85
|
6.1
|
176
|
41.53
|
23.19
|
79
|
80.21
|
63.79
|
26
|
|
Taxation
|
4.27
|
1.35
|
216
|
10.82
|
5.13
|
111
|
18.45
|
14.23
|
30
|
|
PAT
|
12.58
|
4.75
|
165
|
30.71
|
18.06
|
70
|
61.76
|
49.56
|
25
|
|
EPS
(Rs)*
|
#
|
#
|
|
#
|
#
|
|
77.9
|
62.5
|
25
|
|
bps
: Basis points
|
|
*
EPS is on current equity of Rs 7.93 crore, Face value of Rs 10, Excluding
extraordinary items.
|
|
#
EPS is not annualised
|
|
bps
: Basis points
|
|
EO
: Extraordinary items
|
|
Figures
in Rs crore
|
|
Source:
Capitaline Corporate Database
|
|
Elantas Beck India : Standalone Segment Results
|
|
|
% of (Total)
|
2106 (03)
|
2006 (03)
|
Var.(%)
|
% of (Total)
|
2106 (06)
|
2006 (06)
|
Var.(%)
|
% of (Total)
|
2012 (12)
|
1912 (12)
|
Var.(%)
|
|
Sales
|
|
|
|
|
|
Electrical
Insulations
|
85
|
98.2
|
41.77
|
135
|
84
|
206.05
|
136.87
|
51
|
88.36
|
340.5
|
345.95
|
-2
|
|
Engineering
& Electronic Resins and Materials
|
15
|
17.45
|
5.08
|
244
|
16
|
39.3
|
15.8
|
149
|
11.64
|
44.84
|
51.61
|
-13
|
|
Total
Reported Sales
|
100
|
115.65
|
46.84
|
147
|
100
|
245.35
|
152.67
|
61
|
100
|
385.35
|
397.56
|
-3
|
|
Less:
Inter segment revenues
|
|
0
|
0
|
-
|
|
0
|
0
|
|
0
|
0
|
-
|
|
|
Net
Sales
|
|
115.65
|
46.84
|
147
|
|
245.35
|
152.67
|
61
|
|
385.35
|
397.56
|
-3
|
|
PBIT
|
|
|
|
|
|
Electrical
Insulations
|
84
|
11.85
|
0.35
|
999
|
83
|
31.8
|
13.27
|
139.52
|
90
|
57.87
|
47.66
|
21
|
|
Engineering
& Electronic Resins and Materials
|
16
|
2.31
|
-0.31
|
LP
|
17
|
6.39
|
0.95
|
569.25
|
10
|
6.73
|
5.89
|
14
|
|
Total
PBIT
|
100
|
14.16
|
0.04
|
999
|
100
|
38.18
|
14.23
|
168.35
|
100
|
64.59
|
53.55
|
21
|
|
Less
: Interest
|
|
0
|
0
|
-
|
|
0.25
|
0.22
|
14.1
|
|
0.22
|
0.34
|
-35
|
|
Add:
Other un-allcoable
|
|
2.69
|
6.06
|
-56
|
|
3.59
|
9.18
|
-60.84
|
|
15.84
|
10.57
|
50
|
|
PBT
|
|
16.85
|
6.1
|
176
|
|
41.53
|
23.19
|
79.09
|
|
80.21
|
63.79
|
26
|
|
|
|
|
Previous News |
Elantas Beck India
(
Results
-
Analysis
11-May-22
05:58
)
|
|
|
Elantas Beck India
(
Results
-
Analysis
01-Aug-23
23:23
)
|
|
|
Elantas Beck India
(
Results
-
Analysis
07-Aug-24
10:20
)
|
|
|
Elantas Beck India
(
Results
-
Analysis
04-May-21
20:57
)
|
|
|
Board of Elantas Beck India recommends final dividend
(
Corporate News
-
23-Feb-22
10:30
)
|
|
|
Elantas Beck India
(
Analyst Meet / AGM
-
AGM
08-May-19
09:52
)
|
|
|
Elantas Beck India to announce Quarterly Result
(
Corporate News
-
26-Oct-23
15:53
)
|
|
|
Elantas Beck India
(
Results
-
Analysis
29-Jul-20
10:53
)
|
|
|
Elantas Beck India update on GPCB revocation order for its Ankleshwar plant
(
Corporate News
-
11-Nov-19
10:35
)
|
|
|
Board of Elantas Beck India recommends Final Dividend
(
Corporate News
-
24-Feb-21
09:35
)
|
|
|
Elantas Beck India
(
Results
-
Analysis
28-Jul-15
17:56
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|