Elcid Investments Limited Shares

Buy Elcid Investments Shares

elcid investments

 About Company:

Elcid Investments Limited was incorporated on 3.12.1981 under the provisions of Companies Act 1956 in Mumbai. The Company Identification Number (CIN) is L65990MH1981PLC025770. Elcid Investments Limited is a Non-Banking Finance Company registered with Reserve Bank of India. The shares of the Company are listed on the Bombay Stock Exchange, Mumbai. The Company is a Non-Banking Finance company and its business is to make investments in shares, debentures, mutual funds, etc.

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.

Elcid Investments – Management:

Board of Directors 
Shri Varun A Vakil CHAIRMAN
Miss. Amrita A. Vakil
Smt. Dipika A Vakil
Shri Mahesh C Dalal
Shri Bharat B Talati
Shri Ketan C Kapadia
Smt. Ragini VakilCEO & CFO
Miss Mittal GoriCompany Secretary
and Compliance Officer

Why a Stock quoting at Rs 2/- on BSE is valued in lakhs? Lets find out:

The reason that makes Elcid Investments Shares valuable is its holding of Asian Paints Equity Shares.

As of 31st March, 2021, Elcid Investments held 2,83,13,860 Equity Shares of Asian Paints Ltd. (Image attached below).

Elcid InvestmentsSource: Elcid Investments Annual Report FY 2020-21

In addition to the holding of Asian Paints Ltd. equity shares, it also holds many other unlisted shares (unqouted securities) (Image attached below)

Elcid InvestmentsSource: Elcid Investments Annual Report FY 2020-21

Value of Elcid Investments’ Holding of Asian Paints Equity Shares:

As on 31st March, 2021, Elcid Investments held 2,83,13,860 Equity Shares of Asian Paints.
As on 31st March, 2021, Asian Paints equity shares were trading at Rs. 2537/- on NSE.

Hence Elcid Investments’ stake of Asian Paints Shares only (excluding all other investments) was valued at ~ Rs. 7,183 crores.

The stock is quoting at Rs 2/- on BSE and total outstanding shares of Elcid Investments is 2,00,000 shares (As per Annual Report FY 2020-21). Hence, at 2/- Rs per share, Elcid Investments market capitalisation is only 4,00,000 Rs! But the Elcid Investments shares are rarely traded on the stock exchange and there are only buyers for the stock and no sellers. Hence, this shares are not traded on the stock exchange but those interested in buying Elcid Investments shares can buy it from the unlisted shares market.

Elcid Investments Delisting:

Promoters of Elcid Investments had announced a floor price of Rs. 1,61,023/- per share but public shareholders rejected the bid as they felt the intrinsic value was much higher than what was offered.
The Book Value of Elcid Investments Shares as per various media publications stood as high as Rs. 4,00,000-6,00,000 per share.

You can also watch an interesting show by Zee Business attached below regarding the fair value of Elcid Investments Shares and Delisting.

 Elcid Investments Shares Details

NameElcid Investments Limited Shares
Face ValueRs.10
ISIN CodeINE927X01018
PANAAACE1611Q
Elcid Investments Limited is a BSE Listed Company. However, due to lack of correct price discovery on the stock exchange, the shares are not/rarely traded and hence, this rarely traded shares are traded in Unlisted Shares Market/ Off Market.

 Elcid Investments Limited – Financials

Financial in Lakhs unless specifically mentioned
Particulars2020-212019-20
Interest Income10.520.52
Dividend Income1,527.825,389.23
Net gain on fair value changes5,759.189 0.41
Total Income7,297.525,480.16
Total Expenses95.5996.93
Profit/(loss) before tax7,201.935,383.23
Profit/(loss) for the year5,488.665,459.12
Total Comprehensive Income for the year2,23,845.591,28,296.79
EPS (In INR)2,744.332,729.56

 Elcid Investments Shares Price

*Rates mentioned in the chart are indicative. This are the rates at which Elcid Investments Shares were traded in Unlisted Shares Market.

 Elcid Investments Shares Valuation (Market Capitalisation)

Total Number of Outstanding Shares: 2,00,000 (As per Annual Report FY 2020-21)

Market Cap Scenarios:

At 80,000 Rs/Share, Elcid Investments Shares values the company at approx. Rs. 1,600 crores.

This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Elcid Investments Shares.

At 1,20,000 Rs/Share, Elcid Investments Shares values the company at approx. Rs. 2,400 crores.

This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Elcid Investments Shares.

At 1,60,000 Rs/Share, Elcid Investments Shares values the company at approx. Rs. 3,200 crores.

This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Elcid Investments Shares.

 Elcid Investments Limited – Shareholding


Source: Annual Report FY 2020-21

 Elcid Investments Limited – Annual Reports

 Elcid Investments Limited – News

 FAQ for Elcid Investments Shares

How to buy Elcid Investments Shares?

  1. Process of Buying Elcid Investments Shares

  2. Get connected with us and inquire for the Elcid Investments Shares

  3. We will quote the current prevailing market rates of the shares (Subject to availability)

  4. If you agree on the rate and quantity, we will send our bank details. (Please note, we accept payment only through bank)

  5. Buyer transfers the fund in our bank account and buyer also need to send their demat details (for initiating share transfer process)

  6. Post receiving funds and demat details, we initiate transfer of Elcid Investments Shares. The shares usually gets transferred on same/next working day in your demat account

  7. For detailed buying process, refer here

What is the minimum lot size for buying Elcid Investments Shares?

The minimum lot size for investing in Elcid Investments Shares is 1 Share

What is the lock-in period for Elcid Investments Shares?

Since, the Elcid Investments Shares are already listed on BSE, there is no lock-in applicable.

Is buying Elcid Investments Shares legal?

Yes, buying Elcid Investments Shares is completely legal.

How to check price of Elcid Investments Shares?

You can regularly check the updated price of Elcid Investments Shares at our Website and on our Telegram Channel

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