Ellenbarrie Industrial Gases Limited (ELLEN) Fair Value & Analysis
Basic Materials · IN · Market cap ₹37.0B
Fair value as of: Aug 15, 2026
From 24 valuation models · updated 2 days ago
Fair value updated Aug 15, 2026, revised from ₹99.26 to ₹81.52 (−17.9%) since Aug 6, 2026. Share price +13.0% over the past month.
Below-average quality, and screening another 75% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹105.15). The favourable scenario is already priced in.
- Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹56.32 to ₹105.15) leaves room in how you read the outcome.
Price vs Fair Value (13 months)
White line = price, green steps = our fair value per fiscal year. As of Aug 15, 2026.
How to read this chart
13‑month range ₹180.50 – ₹613.30 · fair‑value band ₹56.32 – ₹105.15 · the ₹332.60 price screens above the ₹81.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 15, 2026.
Analysis
Ellenbarrie Industrial Gases Limited (ELLEN) currently trades at ₹332.60, while our model-based Fair Value estimate is ₹81.52, implying the stock looks roughly 75.5% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Ellenbarrie Industrial Gases Limited generated revenue of ₹3.4B at a net margin of 30.6%. Revenue grew 6.0% year over year. It earns a return on equity of 14.2%. Net debt stands at ₹1.8B. Fundamentals as of Aug 15, 2026
Our scenario range runs from ₹56.32 (bear case) to ₹105.15 (bull case); at ₹332.60, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 48% below its 52-week high and 90% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -75%, ELLEN screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Growth Earnings (₹135.34) versus Dividend Discount (₹0.3700). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 35
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Ellenbarrie Industrial Gases Limited manufactures and supplies industrial gases in India and internationally. The company operates in two segments, Sale of Gases and Project Engineering Services.
Full company description
Ellenbarrie Industrial Gases Limited manufactures and supplies industrial gases in India and internationally. The company operates in two segments, Sale of Gases and Project Engineering Services. It offers oxygen, nitrogen, argon, helium, hydrogen, carbon dioxide, nitrous oxide, acetylene, and specialty gases for steel, pharma, shipbuilding, fabrication, food processing, and healthcare sectors. The company also provides project engineering services, including design, engineering, supply, installation, and commissioning of tonnage. In addition, it engages in the supply, installation, and commissioning of medical gas pipeline systems; and supply of medical equipment to healthcare facilities. Further, it supplies medical equipment, such as emergency and transport ventilators; central sterilisation system; lung function testing systems; and electro-cardiograph machines. The company was incorporated in 1973 and is headquartered in Kolkata, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Ellenbarrie Industrial Gases Limited reported revenue of ₹3.4B in FY2026 versus ₹2.5B in FY2022, a compound +8.5%/yr. Reported net income was ₹1.0B in FY2026, compounding +24.0%/yr from FY2022.
ELLEN screens 75% overvalued. Compare with BASF SE →
Peer Group
Chemicals · 331 stocks
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.
Valuation Multiples vs Chemicals median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BASF SE BASN | 1,034 MXN | 467.04 MXN | -55% |
| PT Barito Pacific Tbk, BRPT | 1,950 IDR | 1,608 IDR | -18% |
| LG Chem, Ltd 051910 | 275,500 KRW | 587,755 KRW | +113% |
| SRF Limited 503806 | ₹2,609 | ₹749.17 | -71% |
| 542812 542812 | ₹4,709 | ₹791.05 | -83% |
| Navin Fluorine International Limited NAVINFLUOR | ₹8,357 | ₹2,146 | -74% |
| 506285 506285 | ₹4,048 | ₹1,589 | -61% |
| Kansai Nerolac Paints Limited 500165 | ₹209.25 | ₹80.51 | -62% |
| Deepak Nitrite Limited DEEPAKNTR | ₹1,718 | ₹679.17 | -60% |
| KCC Corporation 002380 | 454,000 KRW | 1,763,304 KRW | +288% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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