ELANTAS Beck India Limited (500123) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of ELANTAS Beck India Limited ₹4,665, price ₹13,442, upside -65.3%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹3,231 – ₹14,744 · fair‑value band ₹2,908 – ₹6,829 · the ₹13,442 price screens above the ₹4,665 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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ELANTAS Beck India Limited manufactures and sells a range of specialty chemicals for the electrical insulation and construction industries primarily in India. It operates through two segments, Electrical Insulations; and Engineering & Electronic Resins and Materials.
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ELANTAS Beck India Limited manufactures and sells a range of specialty chemicals for the electrical insulation and construction industries primarily in India. It operates through two segments, Electrical Insulations; and Engineering & Electronic Resins and Materials. The company offers electrical insulation systems products, including wire enamels, electrical insulating varnishes and resins, flexible electrical insulation products, and casting and potting compounds; and electronics products, such as potting compounds and thermal interface materials. It also provides engineering materials comprising a range of resinous construction chemicals for industrial floorings, protective coatings, structural repairs, waterproofing, adhesives, and sealants for various market segments, such as pharmaceuticals, food, electronics, engineering, construction, and hydraulic structures. In addition, the company offers polyamide hardeners for epoxy systems used in conjunction with epoxy resins to produce top coats and primers, as well as thermosetting adhesives for various substrates. The company was incorporated in 1956 and is based in Pune, India. ELANTAS Beck India Limited is a subsidiary of ELANTAS GmbH.
Stock analysis
ELANTAS Beck India Limited (500123) currently trades at ₹13,442, while our model-based Fair Value estimate is ₹4,665, 65.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹2,954 per share, and 0 of the 26 models we run sit above the ₹13,442 price.
Bear case: the Asset-Based group reads lowest at ₹852.08, and 26 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹2,908 (bear) to ₹6,829 (bull), the price of ₹13,442 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
ELANTAS Beck India Limited reported revenue of ₹8.5B in FY2025 versus ₹5.2B in FY2021, a compound +12.9%/yr. Reported net income was ₹1.5B in FY2025, compounding +21.9%/yr from FY2021.
Key figures
Market cap ₹18.7B (≈ $194M) · P/E ratio 38.7 · P/S ratio 6.74 · EPS (TTM) ₹62.79 · Dividend yield 0.2% · Net margin 17.4% · Return on assets (EBIT) 12.9% · Operating margin 12.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 81% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at −65%, 500123 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹82.99 to ₹5,402). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹2,908Fair Value ₹4,665Bull ₹6,829
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (₹43.70 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.2%
Start year 2020 (pandemic). Over 10 years: +9.4% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.9%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+19.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.1%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.19.1% vs 10.5%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 18%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+54.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +48.4% a year for the price.
Compare ELANTAS Beck India Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 691 stocks
Beats the industry median on 5/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−68.8% · Bottom 25%
Profitability
Return on assets6.9% · Top 25%
Net margin (TTM)13.9% · Top 25%
Operating margin (TTM)12.6% · Above median
Growth and dividend
Revenue growth19.4% · Above median
Dividend yield (TTM)0.2% · Bottom 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (TTM)38.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)97· sector 59
PAST (return on equity)0· sector 26
HEALTH (low debt)0· sector 95
DIVIDEND (yield)4· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ELANTAS Beck India Limited Fair Value". https://www.fairvalue-calculator.com/stock/500123
Frequently asked questions
Is ELANTAS Beck India Limited (500123) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹4,665 versus a price of ₹13,442, about −65% upside (overvalued).
What is the fair value of 500123?
Our model-based fair value for ELANTAS Beck India Limited is ₹4,665 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹13,442.
What is the quality score of 500123?
ELANTAS Beck India Limited has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ELANTAS Beck India Limited (500123)?
Our model-based price target is the fair value of ₹4,665 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario ₹2,908, optimistic scenario ₹6,829. It is a calculation from audited fundamentals, not an analyst target.
What is the ELANTAS Beck India Limited stock forecast for 2026?
Our models put fair value at ₹4,665, about −65% upside versus a price of ₹13,442 (overvalued). Cautious scenario ₹2,908, optimistic scenario ₹6,829. The calculation is refreshed regularly with new filings.
What is the revenue of ELANTAS Beck India Limited (500123)?
ELANTAS Beck India Limited reported trailing-twelve-month revenue of about ₹3.6B (latest available figure, as of Sep 24, 2026).
Does ELANTAS Beck India Limited pay a dividend?
ELANTAS Beck India Limited currently shows a dividend yield of about 0.21% relative to its recent price (as of Sep 24, 2026).
What growth is priced into ELANTAS Beck India Limited (500123)?
For today's price to be fair in a discounted-cash-flow model, ELANTAS Beck India Limited would have to grow free cash flow by +54.5 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 500123 use?
Our models discount ELANTAS Beck India Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.37, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ELANTAS Beck India Limited that is +54.5 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has ELANTAS Beck India Limited (500123) delivered so far?
Over the past 5 years revenue at ELANTAS Beck India Limited grew +17.2 % a year. The price currently implies +54.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ELANTAS Beck India Limited (500123) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into ELANTAS Beck India Limited (+54.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ELANTAS Beck India Limited (500123)?
The free-cash-flow yield on the price is 0.90 %: that much free cash flow ELANTAS Beck India Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ELANTAS Beck India Limited (500123)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ELANTAS Beck India Limited it is ₹4,665 per share (as of Sep 24, 2026), against a price of ₹13,442. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is ELANTAS Beck India Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 500123 trades above its calculated fair value: price ₹13,442, fair value ₹4,665, a gap of about −65% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 500123?
No. The price is what the market pays today (₹13,442); the fair value is what the company's own numbers justify (₹4,665). For ELANTAS Beck India Limited the two are ₹8,777 per share apart. That gap is exactly why we show both numbers side by side.
How much is ELANTAS Beck India Limited worth?
The market values ELANTAS Beck India Limited at about ₹18.7B (market capitalisation, as of Sep 24, 2026). Per share that is ₹13,442; our models calculate a fair value of ₹4,665 per share.
What do the bullish and bearish scenarios say about 500123?
Our models span a range for ELANTAS Beck India Limited: cautious scenario ₹2,908, base ₹4,665, optimistic ₹6,829 per share (as of Sep 24, 2026, price ₹13,442). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 500123?
ELANTAS Beck India Limited trades at a price-to-earnings ratio of 38.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹4,665 is built from several models across several years.
How far is 500123 from its 52-week high?
ELANTAS Beck India Limited trades at ₹13,442, about 9% below its 52-week high of ₹14,744 and 81% above the low of ₹7,408 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹4,665 is for.
Which stocks are comparable to ELANTAS Beck India Limited?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ELANTAS Beck India Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹13,442, calculated fair value ₹4,665 (−65%), Quality Score 64/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 500123 calculated?
We run ELANTAS Beck India Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹4,665, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. ELANTAS Beck India Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ELANTAS Beck India Limited (500123)?
The closing price on Oct 1, 2026 was ₹13,442. Our model-based fair value is ₹4,665, about −65% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ELANTAS Beck India Limited right now?
The price sits above even our optimistic bull case (₹6,829). The favourable scenario is already priced in. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹2,908 to ₹6,829) leaves room in how you read the outcome.
Key figures of ELANTAS Beck India Limited
How large is the market capitalisation of ELANTAS Beck India Limited (500123)?
The market capitalisation of ELANTAS Beck India Limited is ₹18.7B (≈ $194M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ELANTAS Beck India Limited (500123)?
The price-to-sales ratio of ELANTAS Beck India Limited is 6.74 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ELANTAS Beck India Limited (500123)?
Earnings per share at ELANTAS Beck India Limited are ₹62.79 (price ÷ EPS = P/E 38.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ELANTAS Beck India Limited (500123)?
The dividend yield of ELANTAS Beck India Limited is 0.2% (payout 45.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of ELANTAS Beck India Limited (500123)?
The net margin of ELANTAS Beck India Limited is 17.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of ELANTAS Beck India Limited (500123)?
On an EBIT basis the return on assets of ELANTAS Beck India Limited is 12.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ELANTAS Beck India Limited (500123)?
The operating margin of ELANTAS Beck India Limited is 12.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ELANTAS Beck India Limited (500123)?
Revenue at ELANTAS Beck India Limited is growing +19.4% versus a year earlier (3y avg +9.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ELANTAS Beck India Limited (500123)?
Earnings per share at ELANTAS Beck India Limited are growing +48.6% versus a year earlier. How much earnings per share grew versus a year earlier.
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