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Ellenbarrie Industrial Gases (ELLEN) had a P/E of 33.9× on 6 Nov 2026, above the industry P/E of 18.2×, and the shares are 39% below their 52-week high. It earns ROCE of 13% and ROE of 14%, and sales and net profit grew 17% and 55% a year over 3 years. Debt is 0.19× equity. It is a small-cap company with a market cap of ₹4,089 Cr, ranked 10th of 76 Chemicals companies by market cap; the shares fell 32% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹295.35
Day high
₹299.00
Day low
₹286.00
Prev. close
₹312.80
Volume
8.4 L

Health check

2 good · 1 fair · 3 to check
  • ReturnsBehind

    −31.7% over a year, better than 1 of 7 peers.

  • Price tagPricier

    P/E 33.9 vs industry 18.2.

  • GrowthStrong

    Sales +16.9%, profit +54.8% a year over 3 years.

  • ProfitabilityAverage

    ROCE 13.0% vs peer median 10.6%.

  • Balance sheetSolid

    Debt 0.19× equity, interest covered 16.1×, Piotroski 7 of 9.

  • Red flags2 to check

    P/E of 33.9 against an industry P/E of 18.2.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Chemicals

75 listed peers. Screen the industry

Small cap

₹4,089 Cr, #10 of 76 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹357 Cr · profit ₹121 Cr
Market cap
₹4,089 Cr
Small cap
P/E
33.9
Industry 18.2
Price to book
4.18
Peers 2.62
Dividend yield
0.00%
ROE
14.2%
Peers 11.7%
ROCE
13.0%
Peers 10.6%
Debt to equity
0.19
Debt ₹184 Cr
EPS (TTM)
₹8.56
Face value ₹2
OPM (TTM)
35.5%
Net margin 33.8%
Sales growth
+18.0%
Latest quarter vs a year ago
Profit growth
+86.8%
Latest quarter vs a year ago
Price to sales
11.46
EV/EBITDA 40.4

Strengths and risks

Strengths

  • Quarterly profit up 86.8% on a year ago.
  • Quarterly sales up 18.0% on a year ago.
  • Net margin of 33.8%.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 33.9 against an industry P/E of 18.2.
  • 39% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Ellenbarrie Industrial Gases

Ellenbarrie Industrial Gases Limited manufactures industrial and medical gases in India. It offers industrial gases, such as oxygen, nitrogen, argon, carbon dioxide, helium, acetylene, hydrogen, nitrous oxide, synthetic air, and special gases; and medical gases, including medical oxygen, medical nitrogen, medical nitrous oxide, and medical grade carbon dioxide. The company also provides project engineering services comprising design, engineering, supply,…

Headquarters
Kolkata
Sector
Basic Materials
ISIN
INE236E01022

Price range

52 weeks

₹175.00₹472.00

Today

₹286.00₹299.00
Avg volume (3M)
9.5 L
1-year return
minus 31.7%
From 52-week high
minus 38.5%

Peers · Chemicals

Capital-heavy industry columns

Company
NAVINFLUORNavin Fluorine International9,010.00plus 1.87%46,25050.842.718.7%34.3%0.2816.5%plus 46.1%
DEEPAKNTRDeepak Nitrite1,533.60minus 0.67%20,91719.722.310.8%18.0%0.27−0.5%minus 11.9%
TATACHEMTata Chemicals607.45minus 1.36%15,475–12.4−3.0%12.2%0.36−4.8%minus 31.0%
DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp.1,155.30minus 0.69%14,59914.811.511.2%17.6%0.762.6%minus 22.7%
RPELRaghav Productivity Enhancers1,780.80plus 0.95%8,178116.0107.1–29.9%0.0223.5%plus 95.4%
GNFCGujarat Narmada Valley Fertilizers and Chemicals451.80minus 1.87%6,6396.35.410.4%14.8%0.01−8.8%minus 7.2%
ACIArchean Chemical Industries416.40minus 1.95%5,14151.323.27.7%20.0%0.28−9.2%minus 34.6%
ELLENEllenbarrie Industrial Gases290.10minus 7.26%4,08933.940.213.0%35.5%0.1916.9%minus 31.7%
Median of 7 peers–−0.69%14,59935.222.310.6%18.0%0.28−0.5%−11.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
83.689.281.387.498.7
51.854.654.960.660.1
31.834.626.426.838.7
38.0%38.8%32.5%30.6%39.2%
6.811.714.913.617.1
4.61.11.52.32
5.15.15.26.16.3
−1.1−0.2−0.41.4−1
27.84034.233.346.5
32.8%8.1%23.8%31.2%24.7%
18.736.726.122.935
1.422.611.851.622.48

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+16.9%
Profit CAGR 3Y
+54.8%
EPS CAGR 3Y
+51.9%
ROE
14.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
202266308323
–+32.0%+15.5%+4.8%
168208200218
33.558.8108104
16.6%22.1%35.2%32.3%
11.318.333.858.9
2.47.116.68.9
11.41020.721.5
6.34.33.12.6
37.364.2108135
24.5%29.5%22.8%22.8%
28.145.383.3104
–+60.9%+83.9%+25.3%
2.153.466.367.54

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6.56.526.228.2
357403467949
103178247184
84.784.2106137
5516738461,299
274350403558
89.919.564.1105
557.9110315
11711386.784.2
65.5132182238
5516738461,299

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
38.743.74.3133
−114−122−56.9−436
86.667.551.9305
11.1−10.5−0.71
−94.9−87−69.2−158
−56.2−43.3−64.9−25.8

Shareholding pattern

Source: NSE filings
77.2%
promoters
  • Promoters77.15%
  • Public22.85%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202677.15%22.85%0.00
30 Jun 202677.15%22.85%0.00
31 Mar 202677.15%22.85%minus 0.01
31 Dec 202577.16%22.84%0.00
30 Sep 202577.16%22.84%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you