Elcid Investment Unlisted Shares Prices

Genesis

• Elcid Investments Ltd. is a non-banking finance company (NBFC) based in Mumbai, India.
• Established in 1981, the company primarily engages in making investments in shares, debentures, mutual funds, and other financial instruments.
• Elcid Investments is listed on the Bombay Stock Exchange (BSE). The company's revenue sources include interest income, dividends, and profits from the sale of investments.
• It holds significant stakes in various companies, including a notable shareholding in Asian Paints Ltd. through its subsidiaries​.

Investment Details

Major Investments

Subsidiaries

Key Management:

·  Mr. Varun Amar Vakil is currently the Chairman at Elcid Investments Ltd., Director at Lambodar Investments & Trading Co. Ltd., and Group Brand Manager at Asian Paints Ltd.  

He completed his undergraduate degree at Michigan State University and holds an MBA from F.W. Olin Graduate School of Business.

· Mrs. Ragini Varun Vakil is currently the Chief Executive & Financial Officer at Elcid Investments Ltd. She holds an MBA from Babson College.

Details of Equity Shareholders holding more than 5% shareholding:

Financial Snapshot

All values in INR - Cr.

Industry Overview

• India's finance and investments sector is currently experiencing rapid growth and transformation, driven by digitalization, fintech innovations, and increasing retail investor participation.
• The sector is characterized by a mix of traditional players, such as public and private sector banks, and new-age fintech companies.
• Regulatory bodies like RBI and SEBI are strengthening the framework to ensure stability and investor protection.
• Despite challenges like market volatility and competition, the sector offers a wide range of investment options, including stocks, bonds, mutual funds, and alternative investments.
• Overall, India's finance and investments sector is poised for continued expansion, driven by technological advancements, regulatory support, and growing investor demand.

Intrinsic Value

(As per investment in Asian Paints Ltd)

• No. of shares held as of 31.03.2024: 4,06,15,840
• Market Price per share of Asian Paints Ltd: Rs. 3040 (As of 09.09.2024)
• Value of investment: Rs. 12347.22 Cr
• Intrinsic value per share: Rs. 6,17,360.77

Elcid Investment Ltd is listed at BSE.

Recently SEBI has proposed a call auction for price discovery of holding companies. Elcid Investment matches 2 of the given criteria.

1. At least 50 per cent of the total assets are invested in the shares of other listed companies. The Company has invested approximately 94% of its assets in the shares of other listed companies.
2. The company is currently trading at a P/B of 0.33 which matches SEBI's given guideline of price is less than 50% of the book value.

Elcid Investment Annual Report 2024

Elcid Investments Annual Report 2023

Elcid Investments Annual Report 2021

Elcid Investments Annual Report 2020