ELCID INVESTMENTS LIMITED ILLIQUID SHARE
ABOUT ELCID INVESTMENTS LIMITED
ELCID INVESTMENTS LIMITED and its subsidiaries (referred collectively as “the Group”) is a non-banking financial Company (NBFC) registered with the Reserve Bank of India (RBI)under the category of Investment Company.
Elcid Investments Limited primarily engages in investing in listed and unlisted equity shares, debt instruments of companies, and mutual funds. There may be obtaining and disposal of certain investments in equity instruments and in mutual funds to maintain adequate liquidity.
The equity shares of the company are listed on the Bombay Stock Exchange. Elcid Investments Limited is a highly illiquid stock. Hardly any trade occurs on exchange. The current market price of the stock is around Rs. 15 on BSE. But the stock is trading at around Rs. 85,000-90,000, about 7,00,000% premium to Current Market Price.
The price of Elcid Investments Limited is directly related to the share price of Asian Paints. Elcid Investments Limited holds a 2.95% stake in Asian paints.
INCORPORATION DETAILS
CIN | L65990MH1981PLC025770 |
Registration Date | 03 December 1981 |
Category/Sub-category of the Company | Public Limited Company |
Address of the Registered office and contact details | 414 Shah Nahar (Worli) Industrial Estate, B Wing, Dr. E Moses Road, Worli, Mumbai – 400018, Ph: 022 66625602 |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | M/s Link Intime India Private Limited C 101, 247 Park, LBS Marg, Vikhroli West, Mumbai – 400 083 Ph: 022 49186270 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services | NIC Code of the product/service | % to the total turnover of the Company |
Income from Investment Activities of an NBFC | 65993 | 100% |
BOARD OF DIRECTORS
Shri Varun A Vakil
Miss. Amrita A. Vakil
Smt. Dipika A Vakil
Shri Mahesh C Dalal
Shri Bharat B Talati
Shri Ketan C Kapadia
Smt. Ragini Vakil
Miss Mittal Gori
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company | % of shares held |
Murahar Investments & Trading Company Limited | 100.00% |
Suptaswar Investments & Trading Company Limited | 100.00% |
ELCID INVESTMENTS LIMITED ILLIQUID SHARE DETAILS
Total Available Shares: | 2,00,000 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE927X01018 |
PAN No. | AAACE1611Q |
Lot Size: | 1 Share |
Last Traded Price: | Rs. 1,50,000 |
Market Cap: | Rs. 3000.00 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
1 | Amar A Vakil | 64,750 | 32.38% |
2 | Amar A Vakil, Karta – AmarVakil HUF | 15,000 | 7.50% |
3 | Dipika A Vakil | 30,300 | 15.15% |
4 | Amrita A Vakil | 12,150 | 6.08% |
5 | Varun A Vakil | 27,550 | 13.78% |
6 | Public Shareholding | 50,250 | 25.12% |
| Total | 2,00,000 | 100.00% |
KEY FINANCIALS OF ELCID INVESTMENTS LIMITED (In Rs. Lakhs)
Particulars | 3 quarters of FY 2021 | 2020 | 2019 | 2018 |
Revenue from Operations | 10,129.89 | 7,752.13 | 6,088.50 | 4,638.01 |
EBITDA | 10,071.01 | 7,169.78 | 5,924.20 | 4,562.01 |
EBITDA margin | 99.42% | 92.49% | 97.30% | 98.36% |
Finance Cost | 0 | 0 | 0 | 0 |
Depreciation, amortization, and impairment | 19.15 | 18.39 | 18.66 | 18.66 |
Other Income | 0.06 | 0 | 0 | 122.63 |
Profit Before Tax | 10,051.92 | 7,151.39 | 5,905.54 | 4,665.98 |
Total Tax | 2355 | -166.63 | 451.16 | 34.62 |
Profit After Tax (PAT) | 7,696.92 | 7,318.02 | 5,454.38 | 4,631.36 |
PAT Margin | 75.98% | 94.40% | 89.58% | 97.28% |
EPS | 3,848.45 | 3,659.01 | 2,727.19 | 2,315.68 |
BALANCE SHEET OF ELCID INVESTMENTS LIMITED (In Rs. Lakhs)
Particulars | 2020 | 2019 |
ASSETS | ||
FINANCIAL ASSETS | ||
Cash and cash equivalents | 669.99 | 56.47 |
Receivables | 5.04 | 12.03 |
Investments | 7,21,083.43 | 6,43,593.18 |
Other Financial assets | 0.01 | 10.45 |
TOTAL FINANCIAL ASSETS | 7,21,758.47 | 6,43,672.13 |
NON-FINANCIAL ASSETS | ||
Current Tax (Asset) | 0 | 12.36 |
Investment Property | 163.67 | 164.06 |
Property, Plant and Equipment | 70.75 | 88.75 |
Other non-financial assets | 0.92 | 1.35 |
TOTAL NON FINANCIAL ASSETS | 235.34 | 266.52 |
TOTAL ASSETS | 7,21,993.80 | 6,43,938.63 |
EQUITY AND LIABILITIES | ||
EQUITY | ||
Equity Share capital | 20 | 20 |
Other Equity | 6,95,176.08 | 5,13,326.76 |
TOTAL EQUITY | 6,95,196.08 | 5,13,346.76 |
LIABILITIES | ||
FINANCIAL LIABILITIES | ||
Payables | 6.78 | 6.03 |
Other financial liabilities | 2.35 | 2.07 |
TOTAL FINANCIAL LIABILITIES | 9.13 | 8.1 |
NON-FINANCIAL LIABILITIES | ||
Provisions | 0 | 0 |
Tax liabilities (Net) | 26,787.54 | 1,30,583.18 |
Other non-financial liabilities | 1.04 | 0.6 |
TOTAL NON FINANCIAL LIABILITES | 26,788.58 | 1,30,583.78 |
TOTAL LIABILITIES | 26,797.71 | 1,30,591.88 |
TOTAL EQUITY AND LIABILITIES | 7,21,993.80 | 6,43,938.63 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | 15 | 15 | 15 |
Retained Earnings (Consolidated) (In Rs. Crores) | 34,701.51 | 28,899.66 | 24,250.29 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 27.3% from Rs. 6,088.50 lakhs in FY 2019 to Rs. 7,752.13 lakhs in FY 2020. In the first 3 quarters of FY 2021, the company’s revenue from Operations reached Rs. 10,129.89 lakhs.
EBITDA of the company increased by 21% from Rs. 5,925.20 lakhs in FY 2019 to Rs. 7,169.78 lakhs in FY 2020. In the first 3 quarters of FY 2021, the company’s EBITDA reached Rs. 10,071.01 lakhs. As it is an Investment Company, the EBITDA margin will be very high.
Net Profit of the company increased by 34.16% from Rs. 5,454.38 lakhs in FY 2019 to Rs. 7,318.02 lakhs in FY 2020. In the first 3 quarters of FY 2021, the company earned a net profit of Rs. 7,696.92 lakhs.
The company is an investment company hence, the ratios relating to sales, inventory are not applicable to the company.
The company is not having any debt, therefore the ratio relating to debt and interest comes to 0.
Elcid Investments Limited has consistently given dividends from the past three years. For FY 2020, the company gave a dividend of Rs. 15 per equity share.
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