Elcid Investments is a Non-Banking Finance Company registered with Reserve Bank of India. The company and its business is to make investments in shares, debentures, mutual funds etc. The company was incorporated on 3 December 1981 under the provisions of Companies Act 1956 in Mumbai. The Company Identification Number (CIN) is L65990MH1981PLC025770.
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Elcid Investment holds 2.95 per cent stake (2,83,13,860 equity shares) in Asian Paints, valued at over Rs 7,200 crore. Price of the share is directly linked to the share price of Asian Paints NSE.
Intrinsic value is Rs 4 lakh. Some analysts assign an intrinsic value of over Rs 3.8-4 lakh to a single share of Elcid Investment. The current market price is at a huge discount to its intrinsic value or book value. Usually, HNI investors fancy it. Grab this stock if you can.
Elcid Unlisted shares details:
Face Value: Rs 10
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.
In FY20219-20, the firm reported Rs 73.18 crore profit on sales of Rs 77.52 crore. It generated net sales of Rs 49.01 crore and profit of Rs 36.79 crore during the quarter ended on December 31, 2020.
On a consolidated basis, Elcid Investment has a book value over Rs 4,00,000 and brags an EPS of Rs 3,153.61 and cash earnings per share (CEPS) of Rs 3,162.31 on a trailing 12-month basis.