Ellenbarrie Indus Gases L
NSE: ELLEN · Industrial Gases · sector
₹301.15NSE close 2026-10-26
Key numbers
Market cap₹4,244 cr
Price₹301.15
52w high / low₹474 / ₹175
P/E35.2xSector median 30.5x
P/B4.3xSector median 3.3x
Book value₹69.3
Dividend yield–Sector median 0.21%
ROE12.3%Sector median 9.3%
ROCE13.9%Sector median 9.9%
OPM34.5%Sector median 15.2%
Debt / equity0.18xSector median 0.08x
EV/EBITDA34.7xSector median 24.6x
Interest cover23.5x
Current ratio1.60x
Sales growth 3y–Sector median +9.2%
Profit growth 3y–Sector median -57.9%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 8 companies in Industrial Gases (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹155 cr vs borrowings ₹180 cr (FY26): borrowings are higher by ₹25 cr.
- Operating profit covered interest 23.5x in the last 12 months.
- Other income was 50% of net profit in the last 12 months.
- No dividend in the last 1 financial years.
- Price ₹301.15 on 2026-10-26: -36.4% from the 52-week high, +72.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹604.70 · low ₹180.50
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 84 | 89 | 81 | 87 | 99 |
| EBITDA | 31 | 33 | 25 | 27 | 38 |
| OPM % | 36.7% | 37.5% | 30.6% | 31.1% | 38.1% |
| Other income | 7 | 13 | 16 | 15 | 17 |
| Net profit | 19 | 37 | 26 | 23 | 35 |
| EPS (₹) | 1.42 | 2.61 | 1.85 | 1.62 | 2.48 |
| Revenue YoY | +18.0% | ||||
| Profit YoY | +86.9% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY26 | TTM |
|---|---|---|
| Revenue | 342 | 357 |
| EBITDA | 116 | 123 |
| Net profit | 104 | 121 |
| EPS (₹) | 7.54 | 8.56 |
| Dividend / share (₹) | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | -30.7% |
Balance sheet
| ₹ cr | FY26 |
|---|---|
| Shareholders' equity | 977 |
| Borrowings | 180 |
| Cash & equivalents | 155 |
| Total assets | 1,299 |
| Fixed assets | 449 |
| Capital work in progress | 78 |
| Investments | 314 |
| Receivables | 63 |
| Inventory | 14 |
| Payables | 15 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY26 |
|---|---|
| Cash from operations | 133 |
| Cash from investing | -436 |
| Cash from financing | 305 |
| Capex | 158 |
| Free cash flow | -26 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY26 |
|---|---|
| ROE % | 10.7% |
| ROCE % | 12.5% |
| Debtor days | 68 |
| Inventory days | 131 |
| Payable days | 135 |
| Cash conversion cycle (days) | 64 |
| Working capital days | 120 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 77.15% |
| FIIs | 0.64% |
| DIIs | 8.74% |
| of which Mutual funds | 8.12% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 13.47% |
| Quarter | Jun 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|
| Promoters % | 77.16% | 77.16% | 77.16% | 77.16% | 77.15% | 77.15% | 77.15% |
| Promoter group | % |
|---|---|
| Padam Kumar Agarwala | 48.84% |
| Varun Agarwal | 19.49% |
| Shanti Prasad Agarwala | 8.83% |
| Manisha Saraf | 0.00% |
| Pushpa Devi Agarwala | 0.00% |
| Aradhita Agarwal Kedia | 0.00% |
| Renu Agarwal | 0.00% |
| Leela Bubna | 0.00% |
| Jayshree Jaipuria | 0.00% |
| Panacha Agarwal | 0.00% |
| Amaya Agarwal | 0.00% |
| Anay Agarwal | 0.00% |
| Padam Kumar Agarwala (HUF) | 0.00% |
| Varun Agarwal (HUF) | 0.00% |
| Shanti Prasad Agarwala (HUF) | 0.00% |
| Public holders above 1% | % |
|---|---|
| Motilal Oswal Nifty Microcap 250 Index Fund | 3.81% |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund | 1.86% |
| Sundaram Mutual Fund A/C Sundaram Small CAP Fund | 1.08% |
62,726 shareholders. Pledged: – of promoter shares.
Peers in Industrial Gases
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LINDEINDIA | ₹48,036 cr | 87.9x | 11.2x | 13.5% | 16.2% | 34.4% | – | 0.21% |
| ELLEN | ₹4,244 cr | 35.2x | 4.3x | 12.3% | 13.9% | 34.5% | – | – |
| STEAMHOUSE | ₹3,095 cr | – | – | – | – | – | – | – |
| STALLION | ₹1,427 cr | 30.5x | 2.1x | 10.6% | 9.9% | 15.2% | – | – |
| HILLTONE | ₹481 cr | 46.6x | 20.7x | -3.6% | -3.5% | -4.6% | – | – |
| NOL | ₹28 cr | 2.3x | – | – | 14.6% | 25.0% | -21.3% | – |
| BHAGGAS | ₹15 cr | 5.8x | 0.9x | 6.6% | 7.7% | -803.1% | – | – |
| GAGAN | ₹8 cr | 29.9x | 2.4x | 8.1% | 8.9% | 7.2% | +39.7% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Gases, related products & services | ₹334 cr | 97.8% | ₹128 cr | 38.4% |
| Project Engineering | ₹8 cr | 2.2% | ₹-2 cr | -20.0% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Gases, related products an services: Manufacturing
- Project Engineering: Engineering, Procurement and Construction
| Sector | Commodities |
| Industry | Industrial Gases |
| Sub-industry | Industrial Gases |
| Symbol | ELLEN |
| BSE code | 544421 |
| ISIN | INE236E01022 |
| Face value | ₹2.0 |
| Incorporated | 1973-11-23 |
| Website | https://ellenbarrie.com |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.