Regulatory Approval Or License Win
Expected: October 2024HIGH confidence
What: Price Discovery: ₹2,36,250
Impact: 6.7 million percent surge
Elcid Investments Ltd: Is It a Deep Value Opportunity?
As of , Elcid Investments Ltd (Finance - Holding Company) is tracked as a deep value candidate.
Elcid Investments Ltd Key Facts
- PE Ratio
- 20.8x
- Market Cap
- ₹2,251 Cr
- Margin of Safety
- 169%
- PAT Growth YoY
- -105%
- Revenue Growth YoY
- -277%
Avoid
What's Happening
🚫No earnings growth, no valuation discount — limited upside
💰Trading 169% below estimated fair value — significant discount
Earnings Acceleration Triggers
1. Regulatory Approval Or License Win
October 2024HIGH
2. Industry Consolidation Virtual Monopoly
OngoingHIGH
3. Management Or Ownership Change
March 2026LOW
Key Risks
1. Historical failure to maintain structured digital databases and disclosure lapse
MEDIUM2. Indirect exposure to crude oil price volatility through its massive stake in Asi
MEDIUMSector-Specific Signals
Book Value Per Share₹5,40,874
Price to Book Ratio0.25x
Return on Equity1.28%
Dividend Income₹1,279.22 lakhs
Key Numbers
PAT Growth YoY
-105%
Stable
Revenue YoY
-276%
Stable
Price to Book
0.3
Current Price
₹1,12,540
Dividend Yield
0.02%
3Y PAT CAGR
+14%
Valuation
Significantly UndervaluedWhy Are Elcid Investments Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 19, 2026
Industry Consolidation Virtual Monopoly
Expected: OngoingHIGH confidence
What: Portfolio Value: ₹8,500 Cr
Impact: 2.83% stake
Management Or Ownership Change
Expected: March 2026LOW confidence
What: Board Composition: March 2021
What Are the Key Risks for Elcid Investments Ltd?
Earnings deceleration risks from management commentary
Historical failure to maintain structured digital databases and disclosure lapse
MEDIUMTrigger: Historical failure to maintain structured digital databases and disclosure lapses led to SEBI penalties.
Impact: PAT impact: ₹17.31 lakh
Management view: Settled with SEBI via payment of settlement amount in June 2024.
Monitor: regulatory
Indirect exposure to crude oil price volatility through its massive stake in Asi
MEDIUMTrigger: Indirect exposure to crude oil price volatility through its massive stake in Asian Paints.
Management view: Not Given
Monitor: commodity
What Did Elcid Investments Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹61.74 Cr
QoQ +40.38%
Revenue surged sequentially driven by realized investment gains and dividend receipts from its core portfolio holdings.
EBITDA
₹60.61 Cr
Margin 98.17%
The near-total margin reflects a lean operating structure typical of a Core Investment Company with minimal overheads.
PAT
₹47.38 Cr
YoY +787.66%QoQ +49.28%
The company achieved a significant turnaround from a loss-making base in the previous year's corresponding quarter.
Other Highlights
• Total assets grew to ₹1,252,409.32 lakhs on consolidated basis as of December 31, 2025.
• Standalone net profit for nine months ended December 2025 stood at ₹9,496.39 lakhs.
• Stock price corrected over 65% from its record high of ₹332,399 hit in November 2024.
What Sector Metrics Matter for Elcid Investments Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Book Value Per Share
₹5,40,874
Why: Reflects the underlying value of the Asian Paints stake and other investments.
Price to Book Ratio
0.25x
Why: The stock continues to trade at a significant discount to its intrinsic book value despite the 2024 price discovery.
Return on Equity
1.28%
Why: Low ROE is a result of the massive asset base (Asian Paints stake) generating relatively small dividend income.
Dividend Income
₹1,279.22 lakhs
Why: Primary source of recurring cash flow for the company.
Promoter Holding
75%
YoY 0%QoQ 0%
Why: Promoter holding remains stable at the maximum permissible limit.
How Fast Is Elcid Investments Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | -276% | +7% | Stable |
| PAT (Net Profit) | -105% | +14% | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 19, 2026.
Other Deep Value Stocks in Finance - Holding Company
Frequently Asked Questions: Elcid Investments Ltd
Based on publicly available financial data. This is educational research, not investment advice.
Is Elcid Investments Ltd fundamentally improving?
Elcid Investments Ltd's quarterly profit (PAT) growth trajectory
- Insufficient PAT data to assess improvement trend
Why is Elcid Investments Ltd underperforming despite good earnings?
Elcid Investments Ltd is underperforming the market despite improving earnings — this is the core deep value thesis
- The market often takes time to re-rate stocks with improving fundamentals. This gap between price performance and earnings improvement is what deep value research seeks to identify.
What is the earnings momentum for Elcid Investments Ltd?
Elcid Investments Ltd's earnings momentum is Monitoring.
- PAT YoY Growth: -105%
Is Elcid Investments Ltd undervalued?
Elcid Investments Ltd's valuation metrics
- Margin of Safety: +169% (appears undervalued)
What are the revenue and margin trends for Elcid Investments Ltd?
Elcid Investments Ltd's revenue and margin trends
- Revenue YoY: -276%
What is Elcid Investments Ltd's trailing twelve month (TTM) performance?
Elcid Investments Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹109 Cr
- TTM PAT Growth: -28.3% YoY
- TTM Revenue: ₹134 Cr
- TTM Revenue Growth: -36.8% YoY
- TTM Operating Margin: 145.2%
What sector does Elcid Investments Ltd belong to?
Elcid Investments Ltd key facts
- Sector: Finance - Holding Company
Is Elcid Investments Ltd a good deep value opportunity to study?
Elcid Investments Ltd shows limited deep value signals currently — score is 0/100. Monitor for improvement.
- Value Score: 0/100
What is the bull and bear case for Elcid Investments Ltd?
Research Signals (Bull Case)
- Appears undervalued based on fair value analysis
Which other Finance - Holding Company stocks are deep value opportunities?
Other deep value stocks in Finance - Holding Company
- Bajaj Holdings & Investment Ltd — monitoring
- JSW Holdings Ltd — Score 59/100, Average
How does the Finance - Holding Company sector look for deep value?
Finance - Holding Company deep value sector overview
- 1 deep value stock in this sector
- Average value score: 59/100
- Avg PAT acceleration: -93.7pp
- Top pick: JSW Holdings Ltd
What is deep value investing?
Deep value investing studies stocks that are underperforming the market despite showing improving fundamentals. The thesis is that the market has not yet recognized the earnings recovery, creating a potential valuation gap. It requires patience — recovery can take several quarters.
How is the deep value score calculated?
The deep value score (0-100) combines three factors:
- Earnings (0-40 pts): PAT growth across last 3 quarters, acceleration, and consecutive growth - Underperformance (0-35 pts): How much the stock trails Nifty 500 over 1Y, 6M, 3M (deeper underperformance = higher score) - Quality (0-25 pts): Revenue growth, margin trends, and valuation metrics (PEG, P/B)
Higher score indicates a stronger contrarian research signal.
What are the growth catalysts for Elcid Investments Ltd?
Elcid Investments Ltd has 3 key growth catalysts identified from recent earnings analysis
- Regulatory Approval Or License Win
- Industry Consolidation Virtual Monopoly
- Management Or Ownership Change
What are the key risks in Elcid Investments Ltd?
Elcid Investments Ltd has 2 key risks worth monitoring
- Historical failure to maintain structured digital databases and disclosure lapse
- Indirect exposure to crude oil price volatility through its massive stake in Asi
The above FAQs are generated from publicly available earnings data. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.