Ellenbarrie Industrial Gases
Ellenbarrie Industrial Gases
ChemicalsKey Fundamentals
MicrocapIndustrial GasesChemicalsTapetide Score
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Key Insights
Strengths
2- Company has reduced debt.
- Company has delivered good profit growth of 31.6% CAGR over last 5 years
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.7% over last 3 years.
- Earnings include an other income of Rs.60.3 Cr.
Growth Rate
Quarterly Results
| Particulars | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23 | 24 | 29 | 24 | 67 | 95 | 68 | 82 | 84 | 89 | 81 | 87 | 99 |
| Expenses | 22 | 20 | 23 | 20 | 45 | 58 | 41 | 58 | 53 | 56 | 56 | 60 | 61 |
| Operating Profit | 2 | 4 | 6 | 5 | 22 | 36 | 27 | 25 | 31 | 33 | 25 | 27 | 38 |
| OPM % | 7% | 16% | 22% | 20% | 33% | 38% | 40% | 30% | 37% | 38% | 31% | 31% | 38% |
| Other Income | 1 | 0 | 0 | 0 | 8 | 7 | 9 | 11 | 7 | 13 | 16 | 15 | 17 |
| Interest | 5 | 3 | 3 | 2 | 4 | 4 | 4 | 5 | 5 | 1 | 1 | 2 | 2 |
| Depreciation | 2 | 2 | 2 | 2 | 5 | 5 | 5 | 6 | 5 | 5 | 5 | 6 | 6 |
| PBT | -4 | -1 | 2 | 1 | 21 | 34 | 28 | 24 | 28 | 40 | 34 | 33 | 46 |
| Tax % | 0% | 0% | 0% | 0% | 23% | 14% | 32% | 24% | 33% | 8% | 24% | 31% | 25% |
| Net Profit | -4 | -1 | 2 | 1 | 16 | 30 | 19 | 18 | 19 | 37 | 26 | 23 | 35 |
| EPS in Rs | -6.08 | -1.54 | 2.46 | 1.33 | 1.24 | 2.26 | 1.47 | 1.39 | 1.33 | 2.61 | 1.85 | 1.62 | 2.48 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 87 | 96 | 116 | 123 | 154 | 174 | 175 | 247 | 205 | 269 | 312 | 342 | 357 |
| Expenses | 79 | 88 | 99 | 103 | 125 | 149 | 129 | 184 | 171 | 208 | 203 | 225 | 234 |
| Operating Profit | 8 | 8 | 17 | 20 | 30 | 25 | 46 | 63 | 34 | 62 | 110 | 117 | 123 |
| OPM % | 9% | 8% | 15% | 16% | 19% | 14% | 26% | 25% | 16% | 23% | 35% | 34% | 35% |
| Other Income | 2 | 2 | 2 | 1 | 2 | 121 | 5 | 15 | 19 | 21 | 36 | 50 | 60 |
| Interest | 13 | 16 | 11 | 11 | 14 | 16 | 10 | 4 | 4 | 8 | 17 | 10 | 7 |
| Depreciation | 5 | 7 | 7 | 7 | 10 | 11 | 13 | 12 | 11 | 10 | 21 | 21 | 23 |
| PBT | -9 | -13 | 0 | 2 | 7 | 120 | 27 | 62 | 37 | 64 | 108 | 135 | 154 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 25% | 12% | 29% | 24% | 29% | 23% | 23% | — |
| Net Profit | -9 | -13 | 0 | 2 | 7 | 89 | 24 | 44 | 28 | 45 | 83 | 104 | 121 |
| EPS in Rs | -13.26 | -20.35 | 0.6 | 3.8 | 11.29 | 137 | 36.74 | 67.51 | 42.98 | 69.18 | 6.36 | 7.41 | 8.56 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 26 | 28 |
| Reserves | 6 | 14 | 15 | 18 | 25 | 117 | 141 | 319 | 357 | 403 | 467 | 949 |
| Borrowings | 203 | 189 | 188 | 219 | 224 | 136 | 111 | 11 | 102 | 178 | 247 | 184 |
| Other Liabilities | 23 | 20 | 16 | 13 | 26 | 77 | 98 | 45 | 86 | 84 | 106 | 137 |
| Total Liabilities | 238 | 229 | 226 | 257 | 282 | 337 | 356 | 381 | 551 | 673 | 846 | 1,299 |
| Fixed Assets | 164 | 165 | 163 | 163 | 196 | 228 | 238 | 221 | 182 | 331 | 339 | 453 |
| CWIP | 2 | 3 | 7 | 26 | 10 | 5 | 0 | 0 | 74 | 0 | 45 | 78 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111 | 170 | 194 | 397 |
| Other Assets | 73 | 62 | 57 | 67 | 75 | 103 | 118 | 160 | 185 | 172 | 267 | 370 |
| Total Assets | 238 | 229 | 226 | 257 | 282 | 337 | 356 | 381 | 551 | 673 | 846 | 1,299 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 12 | -13 | 34 | -1 | 33 | 125 | — | 13 | 39 | 44 | 4 | 133 |
| Investing | -43 | -8 | -8 | -27 | -20 | -37 | — | -9 | -114 | -122 | -57 | -436 |
| Financing | 32 | 22 | -27 | 28 | -12 | -51 | — | 25 | 87 | 67 | 52 | 305 |
| Net Cash Flow | 1 | 0 | -1 | 0 | 1 | 37 | — | 29 | 11 | -10 | -1 | 1 |
| Free Cash Flow | -31 | -22 | 25 | -29 | 13 | 88 | — | 0 | -56 | -42 | -65 | -25 |
| CFO/OP | 156 | -169 | 203 | -5 | 113 | 516 | — | 69 | 147 | 81 | 11 | 135 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 105 | 95 | 89 | 96 | 70 | 77 | 59 | 52 | 70 | 61 | 97 | 68 |
| Inventory Days | 258 | 169 | 79 | 62 | 67 | — | 100 | 91 | 119 | 73 | 145 | 131 |
| Days Payable | 133 | 94 | 55 | 128 | 213 | — | 524 | 108 | 249 | 118 | 144 | 135 |
| Cash Conversion Cycle | 230 | 170 | 113 | 30 | -75 | 77 | -366 | 35 | -60 | 17 | 98 | 63 |
| Working Capital Days | 204 | 152 | 102 | 131 | 77 | -45 | -107 | 17 | -27 | -64 | -33 | -46 |
| ROCE % | 2% | 1% | 5% | 6% | 8% | 53% | 15% | 21% | 8% | 13% | 18% | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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Documents
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Company Information
Ellenbarrie Industrial Gases Ltd. is engaged in the business of oxygen and nitrogen. The Company is a manufacturer and supplier of industrial gases in the eastern and southern India, both in bulk and packaged form. It is engaged in the medical, chemical, construction, defense and energy businesses.
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