Elofic Industries Limited Unlisted Shares
(i) Elofic Industries Limited was incorporated in 1973, under the provisions of the Companies Act, 1956. The company along with its subsidiary (collectively referred to as the Group) is engaged in manufacturing and supplying of automobile filters and lubes. The Holding Company has its Registered Office at 14/4, Mathura Road, Faridabad-121003.
(ii) Elofic is one of India’s largest filter manufacturing companies producing a complete range of filters and lubricants. With a legacy spanning over 67 years, a workforce of more than 600 professionals across six state-of-the-art manufacturing facilities in Faridabad (Haryana), Nalagarh (Himachal Pradesh), and Hosur (Tamil Nadu) in India and a global clientele consisting of Fortune 1000 blue-chip corporations, Elofic is a brand that inspires trust. Elofic offers the following filtration and lubrication products: oil filters, air filters, fuel filters, hydraulic filters, coolants and lubricants, and grease.
(iii) Products Catalogue
(iv) Elofic is the trusted name among Indian and Global automobile players. Few prominent names are mentioned in the below table.
| Domestic | International |
| Action Construction Equipment Ltd. | Argo Tractors, Italy |
| Bosch Limited. | Briggs & Stratton, USA |
| Escorts Construction Equipment Ltd. | Generac Power Systems Inc, USA |
| Godrej & Boyce Mfg. Co. Ltd | Kawasaki Motors Manufacturing Corpn., USA |
| JCB India Ltd. | Kohler Engines, USA |
| International Tractors Limited | Wabco, Germany |
| Mahindra & Mahindra | Lombardini, Italy |
| Maruti Suzuki India Limited | |
| Renault Nissan Mitsubishi Alliance, India | |
| VST Tillers & Tractors Ltd. | |
| Volvo Eicher Commercial Vehicles Ltd. | |
| TATA Motors |
(v) Subsidiary:
The company has one subsidiary in the USA with the name Elofic USA, LLC. The company has 100% stakes in the subsidiary.
Elofic Industries Limited Unlisted Shares Details:
| Total Available Shares: | NA |
| Face Value: | ₹ 10 Per Equity Share |
| Lot Size: | 50 Shares |
| Current Unlisted Share Price: | ₹ Best In Industry Per Equity Share |
Promoters And Management:
Shareholding Pattern:
| Name of Promoters/shareholders | No. of Shares | % of Shares |
| Mohan Bir Sahni | 7,13,435 | 28.44% |
| Kanwal Deep Sahni | 7,51,285 | 29.95% |
Financials of Elofic Industries Limited Unlisted Shares:
A) Balance Sheet Statement
| Particulars(in Cr) | Mar-16 | Mar-17 | Mar-18 | Mar-19 | Mar-20 |
| Sources of Funds | |||||
| Share Capital | 2.51 | 2.51 | 2.51 | 2.51 | 2.51 |
| Reserves | 55 | 57 | 68 | 88 | 105 |
| Long- Term Debt | 2.7 | 2.8 | 0.56 | 0.21 | 0.27 |
| Short-Term Debt | 27 | 24 | 24 | 22 | 9.6 |
| Trade payable | 24 | 21 | 26 | 28 | 23 |
| other liability | 8 | 9 | 14 | 11 | 8 |
| Total Liabilities | 120 | 118 | 134 | 151 | 149 |
| Application of Funds | |||||
| Fixed Assets | 55 | 49 | 50 | 50 | 51 |
| CWIP | 0.16 | 0.42 | 0.15 | 0.14 | 0.34 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Trade receivables | 17 | 18 | 26 | 30 | 22 |
| Inventories | 40 | 40 | 43 | 46 | 45 |
| Other Assets | 7 | 8 | 14 | 23 | 29 |
| Total Assets | 120 | 118 | 134 | 151 | 149 |
B) P&L Statement
| Particulars(in Cr.) | Mar-16 | Mar-17 | Mar-18 | Mar-19 | Mar-20 |
| Revenue | 181 | 200 | 217 | 230 | 225 |
| COGS | 90 | 95 | 106 | 106 | 100 |
| Stock in Trade | 19 | 16 | 16 | 17 | 1.8 |
| Excise duty | 11 | 11 | 2.5 | 0 | 0 |
| Changes in Inventory | -1.38 | 0.46 | -1.78 | -1.38 | 5.45 |
| Employee Cost | 25 | 26 | 30 | 35 | 36 |
| Other Expense | 38 | 43 | 46 | 51 | 48 |
| EBITDA | 16 | 21 | 30 | 36 | 33.75 |
| OPM | 9% | 11% | 14% | 16% | 15.00% |
| Other Income | 2 | 0.4 | 0.5 | 2.8 | 2.7 |
| Interest Cost | 3 | 3 | 2 | 2 | 1 |
| Depreciation | 9 | 10 | 9 | 10 | 9 |
| Exceptional Item | 0 | 0.12 | 0.22 | 0 | 0 |
| Profit before tax | 6.68 | 9.33 | 20 | 27 | 24 |
| Tax | 1.67 | 3.33 | 7.64 | 7.19 | 5.55 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 5 | 6 | 12 | 20 | 18 |
| NPM | 3% | 3% | 6% | 9% | 8% |
| Shares | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| EPS in Rs | 20 | 24 | 48 | 81 | 70 |
C) Key ratios
| Key ratios | Mar-16 | Mar-17 | Mar-18 | Mar-19 | Mar-20 |
| Current Ratio | 1.08 | 1.23 | 1.35 | 1.71 | 2.35 |
| Trade receivables days | 35 | 33 | 43 | 48 | 37 |
| RONW | 9% | 10% | 17% | 22% | 16% |
| CFO/EBITDA | 73% | 74% | 41% | 50% | 90% |
