Most Expensive Stock in India: Elcid Investments Ltd.
When investors discuss high-value stock markets, they often think of businesses in the Americas, such as Berkshire Hathaway or Amazon. However, in India, several shares command remarkable valuations due to their long histories and impressive growth rates. For investors, analyzing the Most Expensive Stock In India Elcid Investments Ltd. reveals more than simply high numbers; it highlights companies with excellent fundamentals, market control, and investor trust throughout time.
Today we will analysis about India most expensive stock Elcid Investments Ltd. In the ever-changing financial landscape, investment firms play an important role in generating growth and promoting innovation. Elcid Investments Ltd. is one of these companies making waves in the investment field. Elcid is establishing itself as an investment community leader by focusing on strategic growth, ethical principles, and a forward-thinking attitude. In this article, we’ll look at the company’s objective, investment strategy, and what differentiates it in a competitive field.
Company Overview
Elcid Investments Ltd. was founded with the goal of reducing the gap between innovative entrepreneurs and experienced investors. The company focuses on developing high-potential companies in a variety of areas. The firm promotes a diverse portfolio that balances risk and return while adhering to the principles of sustainable and responsible investing.
Elcid Investments is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) under the category of Investment Company. Elcid Investments Limited was incorporated on 3.12.1981 under the provisions of Companies Act 1956 in Mumbai. The Company Identification Number (CIN) is L65990MH1981PLC025770. Elcid Investments Limited is a Non-Banking Finance Company registered with Reserve Bank of India. The shares of the Company are listed on the Bombay Stock Exchange, Mumbai. The Company is a Non Banking Finance company and its business is to make investments in shares, debentures, mutual funds etc.
The Company has two subsidiaries viz: Murahar Investments & Trading Company Limited & Suptaswar Investments & Trading Company limited. Both these subsidiaries are also registered with Reserve bank Of India as a Non – Banking Finance Company.
For further details, click here. http://elcidinvestments.com/
Company Essentials
- Market Cap : ₹ 6,030.43 Cr.
- Advances : ₹ 0 Cr.
- No. of Shares : 0.02 Cr.
- P/E : 43.75
- P/B :0.73
- Face Value : ₹ 10
- Div. Yield : 0.01 %
- Book Value (TTM) : ₹ 4,10,599.39
- Operating Revenue : ₹ 151.03 Cr.
- Net Profit : ₹ 113.23 Cr.
- Promoter Holding : 75 %
- EPS (TTM) : ₹ 6,892.65
- Sales Growth : 102.76 %
- ROE : 1.42 %
- ROCE : 1.87 %
- Profit Growth : 131.80 %
Peer Comparison
| COMPANY | PRICERs. | MCAPCr. | P/B | P/E | EPSRs. | ROE% | ROCE% | P/S | EV/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| JSW Holdings | 11,190 | 12,416.76 | 0.39 | 71.42 | 156.64 | 0.55 | 0.72 | 73.23 | 53.84 |
| Religare Enterprises | 255 | 8,405.02 | 3.99 | 0 | -2.28 | -0.48 | 0.08 | 365.69 | -188.97 |
| Kama Holdings | 2,585.60 | 8,297.34 | 9.73 | 26.86 | 96.27 | 40.97 | 41.89 | 26.04 | 25.69 |
| Sundaram Fin. Hold | 7,518.22 | 1.22 | 20.40 | 16.59 | 6.61 | 7.58 | 19.37 | 18.15 | |
| Pilani Investment | 6,050 | 6,601.33 | 0.48 | 38.89 | 153.29 | 1.40 | 2.29 | 21.77 | 25.32 |
| Elcid Investment | 3,01,521.40 | 6,030.43 | 0.73 | 43.75 | 6,892.65 | 1.42 | 1.87 | 39.93 | 33.37 |
| Nalwa Sons Invest. | 6,400 | 3,280.80 | 0.27 | 62.20 | 102.69 | 0.46 | 0.63 | 53.79 | 45.47 |
| Kalyani Investment | 6,388.45 | 2,788.54 | 0.34 | 48.02 | 133.02 | 0.83 | 1.08 | 39.03 | 34.59 |
| Rane Holdings | 1,888 | 2,690.08 | 4.49 | 36.01 | 52.33 | 13.11 | 15.51 | 18.32 | 28.24 |
| BF Investment | 676.35 | 2,553.11 | 0.75 | 30.38 | 22.31 | 3.40 | 4.53 | 21.69 | 18.61 |
Promoter Share Holding Pattern
| Summary | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| FII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.0% | 25.0% | 25.0% | 25.0% | 25% | 25.0% | 25% | 25% | 25.0% | 25.0% | 25.0% | 25% |
| Others | 0% | 0% | 0.0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Investors Details Promoter
| PARTICULARS | Sep 2023% | Dec 2023% | Mar 2024% | Jun 2024% | Sep 2024% |
|---|---|---|---|---|---|
| promoters | 74.98 | 75.00 | 75.00 | 75.00 | 75.00 |
| amar arvind vakil huf | 7.50 | 7.50 | 7.50 | 7.50 | 7.50 |
| amrita amar vakil | 6.08 | 6.08 | 6.08 | 6.08 | 6.08 |
| dipika amar vakil | 47.53 | 47.53 | 47.53 | 47.53 | 47.53 |
| jatin devendra saraiya | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
| nimisha saraiya | – | 0.03 | 0.03 | 0.03 | 0.03 |
| varun amar vakil | 13.78 | 13.78 | 13.78 | 13.78 | 13.78 |
Investors Details Investors
| PARTICULARS | Sep 2023% | Dec 2023% | Mar 2024% | Jun 2024% | Sep 2024% |
|---|---|---|---|---|---|
| Investors | 25.02 | 25.00 | 25.00 | 25.00 | 25.00 |
| 3a capital services limit… | 3.34 | 3.34 | 3.34 | 3.34 | 3.34 |
| hydra trading private lim… | 9.04 | 9.04 | 9.04 | 9.04 | 9.04 |
| investor education and pr… | 0.55 | – | 0.55 | 0.55 | 0.55 |
| investor education and pr… | – | 0.55 | – | – | – |
Quarterly Result
| PARTICULARS | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|
| Operating Revenue | 82.83 | 15.43 | 38.66 | 14.11 | 113.80 |
| Other Income | 0 | 0.38 | 0.13 | 0 | 0.31 |
| Interest Expended | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 0.43 | 0.55 | 0.47 | 0.33 | 0.75 |
| Total Provisions | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.13 | 0.15 | 0.15 | 0.15 | 0.20 |
| Profit Before Tax | 82.28 | 15.12 | 38.18 | 13.63 | 113.16 |
| Tax | 19.74 | 3.77 | 8.39 | 4.06 | 26 |
| Net Profit | 62.54 | 11.35 | 29.79 | 9.56 | 87.16 |
| Adjusted EPS (RS) | 3,126.75 | 567.45 | 1,489.25 | 478.15 | 4,357.80 |
Profit & Loss
| PARTICULARS | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Operating Income | 55.80 | 72.98 | 87.93 | 74.49 | 151.03 |
| Other Income | 0 | 0 | 0 | 0 | 0.50 |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 0.95 | 0.91 | 2.06 | 5.07 | 2.12 |
| Total Provisions | 1.01 | 0.05 | 0.80 | 0.63 | 0.21 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 53.83 | 72.02 | 85.06 | 68.78 | 149.20 |
| Tax | -0.76 | 17.13 | 20.26 | 19.94 | 35.97 |
| Profit After Tax | 54.59 | 54.89 | 64.81 | 48.85 | 113.23 |
| Adjusted EPS (Rs.) | 2,729.56 | 2,744.33 | 3,240.28 | 2,442.41 | 5,661.44 |
Balance Sheet
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Equity and Liabilities | |||||
| Share Capital | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| Total Reserves | 4,846.01 | 7,084.17 | 8,587.45 | 7,792.86 | 8,124.63 |
| Borrowings | 0 | 0 | 0 | 0 | 0 |
| Other N/C liabilities | 187.73 | 480.34 | 582.50 | 518.26 | 543.97 |
| Current liabilities | 0.65 | 7.77 | 23.18 | 49.52 | 73.08 |
| Total Liabilities | 5,034.59 | 7,572.47 | 9,193.33 | 8,360.85 | 8,741.88 |
| Assets | |||||
| Loans | 0 | 0 | 0 | 0 | 0 |
| Net Block | 0.69 | 14.68 | 14.55 | 15.10 | 25.62 |
| Capital WIP | 0 | 0 | 0 | 0 | 0 |
| Intangible WIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 5,029.13 | 7,543.90 | 9,164.82 | 8,294.92 | 8,652.12 |
| Other Loans | 0 | 0 | 0 | 0 | 0 |
| Other N/C Assets | 0 | 0 | 0 | 0 | 0 |
| Current Assets | 4.76 | 13.89 | 13.97 | 50.83 | 64.15 |
| Total Assets | 5,034.59 | 7,572.47 | 9,193.33 | 8,360.85 | 8,741.88 |
Corporate Actions (Dividend)
| EX DATE | RECORD DATE | DIVIDEND% | AmountRs. | TYPE |
|---|---|---|---|---|
| 16 Aug 2024 | 16 Aug 2024 | 250 | 25 | Final |
| 15 Sep 2023 | 15 Sep 2023 | 250 | 25 | Final |
| 22 Sep 2022 | 23 Sep 2022 | 150 | 15 | Final |
| 21 Sep 2021 | 23 Sep 2021 | 150 | 15 | Final |
| 21 Sep 2020 | 23 Sep 2020 | 150 | 15 | Final |
“The financial figures mentioned in this analysis are derived from Ticker by Finology for accuracy and reliability.”
Elcid Investments Ltd.: A Hidden Gem in India’s Stock Market
When discussing India’s stock market, most investors concentrate on well-known large-cap stocks such as Reliance Industries and Tata Consultancy Services. However, the story of Elcid Investments Ltd. is unusual and frequently overlooked. Despite its low-key appearance, this company boasts one of the greatest net asset values (NAV) per share in the Indian market, making it a compelling argument for investors looking for hidden gems. that’s its become Most Expensive Stock In India.
Elcid Investments’ Portfolio
Elcid Investments owns a substantial portfolio of blue-chip equities, including significant investments in some of India’s most lucrative companies. These investments have increased in value over time, giving Elcid a NAV that is much higher than its share price, so today mostly called “Most Expensive Stock In India.”
Noteworthy Investments:
- Asian Paints: Elcid owns a significant stake in Asian Paints, a high-growth firm in India’s consumer industry. Elcid’s 2.83% ownership in Asian Paints, valued at almost ₹8,500 crore based on recent market prices, contributes considerably to its entire market capitalization. This investment is an important asset for Elcid, increasing its entire value.
- Other Blue-Chip Stocks: The company’s assets include several blue-chip stocks that have demonstrated high growth and steady performance over time.
Elcid’s remarkable NAV is due in part to its focused portfolio of high-value companies, which makes it a “hidden treasure” among investment equities. so this unique feature make it Most Expensive Stock In India.
Financials and NAV per Share
According to the most recent data, Elcid Investments has an astonishing NAV per share, which is much more than its current market price. Returns in the hundreds, if not thousands, can seem too good to be true for ordinary investors chasing multibagger ambitions. But penny stock Elcid Investments has done the unthinkable, posting an inconceivable return in a single trading session, making it the most expensive stock in the Indian stock exchanges and breaking MRF’s long-standing record.
Elcid Investments’ stock price jumped from ₹3.53 to 2.36 lakh in a single day on October 29, setting a new record on Dalal Street.
If an investor kept 10,000 shares in the company, their investment would have risen to an amazing ₹250 crore, all from an initial outlay of only ₹35,300.
Why is the NAV so high?
- Strong Portfolio:Elcid’s asset base has risen significantly as a result of its ownership of major blue-chip stocks.
- Limited Trading Activity: Elcid’s shares are thinly traded, resulting in limited liquidity and investor visibility.
- Company Strategy: Elcid works conservatively, preferring capital preservation and value appreciation over aggressive market activities.
This has resulted in a unique situation in which the company’s market capitalization does not accurately reflect its actual asset value.
Why is Elcid Investments Undervalued?
Elcid Investments’ shares frequently trade far below their NAV for many reasons:
- Low Liquidity: With limited shares available for public trading, Elcid lacks the liquidity and visibility of larger companies.
- Limited Public Awareness: Most investors are unaware of Elcid’s high NAV position because of its low-profile approach and passive management style.
- Family-Controlled: Elcid’s shareholder base is consistent but small, restricting market interest.
- Absence of Dividends: Elcid is unattractive to income-focused investors because it reinvests its earnings rather than paying dividends.
Historically, the stock has fluctuated within a limited band of ₹3 to ₹15. The company’s book value of ₹4 lakh per share suggests it is considerably undervalued in the market.
On October 29, exchanges conducted a price discovery process for certain investment holding firms using a special call auction method to close the gap between their current market value and book value.
All of these elements collaborate to make Elcid an undervalued stock, despite its high asset worth.
Elcid Investments Share Price Target for 2025 and Beyond
Elcid Investments Ltd. is a stock that many investors are interested in due to its high Net Asset Value (NAV) per share, despite the fact that it trades at a fraction of its intrinsic value. The gap between its market price and NAV has prompted many investors to wonder: what is Elcid Investments Ltd.’s genuine potential, and where might its share price go in the future?
Base Case Target: ₹2,500 – ₹5,000
- Assuming no significant changes in liquidity or trading volumes, Elcid’s share price may increase incrementally as more investors become aware of its NAV.
- By 2025, the share price could reach ₹2,500-₹5,000 due to increased interest from niche investors and a steady rise in trading volume.
Optimistic Case Target: ₹10,000 – ₹15,000
- If Elcid takes actions to boost liquidity, such as a partial stock split, or aggressively engages in investor awareness activities, its stock price may experience a more significant fall.
- A buyback or enhanced visibility of its NAV could boost its share price closer to ₹10,000 – ₹15,000 in the coming years.
Maximum Upside Case: ₹3,00,000+
- In an ideal situation, Elcid’s management would advocate for a delisting or another repurchase, and the share price could skyrocket to six figures.
- Although achieving NAV levels of crores per share is improbable in the medium future, a premium repurchase or strategic maneuver might result in share values of ₹3,00,000+ above.
Risks to Consider
While the potential gain is appealing, investors should consider the following risks associated with Elcid Investments Ltd.:
- Low Liquidity: Low trading volumes make it difficult to purchase and sell shares, thereby limiting rewards or causing price volatility.
- Management Decisions: Without information about future plans (such as buybacks, stock splits, or dividends), investors are forced to speculate.
- Limited Public Information: Elcid’s passive investment technique and low-profile approach result in fewer updates and insights for investors, which can increase uncertainty.
Conclusion
Elcid Investments Ltd. is one of India’s most intriguing stocks due to the significant difference between its share price and NAV. For investors willing to accept the risks associated with low liquidity and little transparency, Elcid has the potential for huge returns, particularly if a repurchase or delisting occurs.
While determining an exact price objective is difficult, Elcid’s ultimate value remains unknown, making it a potentially rewarding long-term investment for individuals who respect hidden jewels in the market.
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