Elofic Industries Limited Unlisted Shares: A Complete Investment Guide
27 November 2025 ·
A comprehensive analysis of Elofic Industries Limited unlisted shares, fundamentals, financials, valuation, and long-term investment potential.
Introduction
Elofic Industries Limited is one of India's most established automotive filtration and lubricants manufacturers, operating for more than 70 years and supplying products across both OEM and aftermarket channels. With the growing interest in unlisted shares, Elofic Industries has gained significant attention due to its strong fundamentals, steady revenue growth, rising exports, and zero-debt balance sheet.
This article provides a detailed analysis of Elofic Industries Limited unlisted shares, the company’s financial performance, ownership structure, products, valuation, future outlook, and key strengths and risks. It is crafted to be SEO-friendly and includes all focused keywords such as Elofic Industries Ltd turnover, Elofic Industries IPO, Elofic Industries Ltd owner, Elofic Industries Ltd annual report, Elofic Industries Ltd products, and investor interest comparisons like PPFAS unlisted shares price.
Overview of Elofic Industries Limited
Elofic Industries Limited is a leading manufacturer of automotive filters, lubricants, and related filtration solutions. The company caters to passenger vehicles, commercial vehicles, two-wheelers, tractors, industrial equipment, and emerging segments like electric and hydrogen vehicles.
The company supplies to over 48 automotive OEMs in India and exports products to several global markets. Its robust aftermarket ecosystem includes more than 1,400 distributors and 55,000 dealers across the country, making it one of the most recognized filtration brands in India.
Elofic Industries Ltd Turnover and Growth Performance
Elofic Industries has consistently delivered strong financial performance across revenue, margins, and profitability. Below is a consolidated view of the recent years:
Revenue Growth
FY2025: ₹450.06 crore
FY2024: ₹351.76 crore
FY2023: ₹359.72 crore
FY2022: ₹330.02 crore
The company recorded 27.94 percent revenue growth in FY25, one of the highest in recent years. This growth was driven by strong export demand, new product introductions, and higher OEM orders.
Export Turnover
Exports grew by 60 percent YoY, reaching ₹214.76 crore in FY25, compared to ₹134.16 crore in FY24. This is the highest-ever export turnover for the company and reflects Elofic’s rapidly expanding global footprint.
Domestic Turnover
Domestic sales growth was slower at 7.6 percent YoY, indicating a higher dependency on global markets. However, steady domestic demand from OEMs and the aftermarket continues to provide a stable revenue base.
Detailed Financial Performance (FY2022 – FY2025)
Profit and Loss Summary
FY2025 Net Revenue: ₹450.06 crore
Operating Profit (EBITDA): ₹111.68 crore
Operating Profit Margin: 24.81 percent
Profit After Tax: ₹77.26 crore
EPS: ₹307.99
The company consistently improved margins due to scale efficiencies, strong export realization, and strategic product development. EBITDA margins increased from 17.20 percent in FY23 to 24.81 percent in FY25.
Balance Sheet Strength
Debt-to-Equity Ratio: 0 (Debt-free)
Book Value: ₹1,326.74
P/B Ratio: 2.64
P/E Ratio: 11.36
Being debt-free is a significant positive for long-term investors, as it reflects strong financial discipline and operating efficiency.
Elofic Industries Ltd Products
Elofic Industries Limited offers a diverse filtration and lubrication product portfolio, including:
Oil filters
Fuel filters
Air filters
Hydraulic filters
Coolant and lubricants
Industrial filtration solutions
Filters for CNG, BEV (Battery Electric Vehicles), Hydrogen vehicles
Urea filters for BS-VI compliant engines
The company has a DSIR-approved R&D center, enabling continuous innovation in filtration technology. Elofic has also secured 21 patents, with more pending approval, highlighting its product leadership in the segment.
Strengths of Elofic Industries Ltd
Strong Revenue Base
Elofic’s consistent growth and a revenue increase of 27.94 percent in FY25 highlight operational strength.
Strong Export Market
Export sales grew 60 percent YoY, making Elofic one of the top filtration exporters from India.
Robust OEM and Distribution Ecosystem
With partnerships across 48 plus OEMs and a nationwide dealer network, Elofic enjoys strong brand visibility and trust.
Innovation Driven
Since the company has received 21 patents and continues to invest in R&D, it is well-positioned for emerging segments like electric mobility and hydrogen engines.
Weaknesses of Elofic Industries Ltd
Slower Domestic Growth
Domestic growth remains modest compared to exports, making the company vulnerable to global market fluctuations.
High Product Concentration
Elofic is heavily dependent on filtration products. Limited diversification may restrict long-term scalability.
Family-Centric Governance
Promoter-driven board composition may limit professional decision-making independence.
Elofic Industries IPO: Expected Timeline and Possibility
As of now, Elofic Industries has not announced any IPO plans. However, given the strong financial performance, improving margins, global expansion, and robust fundamentals, the company may explore an IPO in the future. Investors interested in potential long-term upside often consider unlisted shares ahead of any such development.
Future Outlook for Elofic Industries Limited
The outlook for Elofic Industries is positive, considering:
Growing demand for filtration systems in ICE and EV segments
Strong global export pipeline
Zero-debt balance sheet improving financial flexibility
Rising OEM partnerships and aftermarket dominance
Consistent investment in R&D and patented technologies
If domestic revenue accelerates and diversification improves, Elofic is well-positioned for long-term growth.
FAQs
What is the current Elofic Industries Limited unlisted share price?
The current market price is approximately ₹3,500 per share.
What is Elofic Industries Ltd turnover?
The company recorded ₹450.06 crore turnover in FY25, growing 27.94 percent compared to FY24.
Who is the owner of Elofic Industries Limited?
The company is owned and managed by the Sahni family, with key shareholders including Mohan Bir Sahni and Kanwal Deep Sahni.
What products does Elofic Industries manufacture?
Elofic manufactures automotive filters, lubricants, hydraulic filters, and filtration systems for electric, hydrogen, and CNG vehicles.
Is Elofic Industries planning an IPO?
There is no official announcement yet. However, the strong fundamentals and performance may lead to an IPO decision in the future.
How can investors buy Elofic unlisted shares?
Investors typically buy unlisted shares through trusted intermediaries or private market platforms that facilitate trades in pre-IPO and unlisted equity.