Elofic Industries Limited Unlisted Shares

Key Takeaways

• Elofic Industries Limited, founded in 1973, is India’s leading manufacturer and exporter of automotive filters and lubricants — over five decades of operational excellence.
• Outstanding recent performance: revenue grew 28%, EBITDA surged 54%, and PAT jumped 61%, with a significant increase in EPS — reflecting strong operational efficiency and cost management.
• Exceptional balance sheet: debt-equity ratio of just 0.01 (unchanged 2024 and 2025) and current ratio improving from 5.29 to 6.07 — one of the strongest financial positions in India’s unlisted market.
• Blue-chip Fortune 1000 clientele: TATA Motors, Volvo Eicher, Maruti Suzuki, Mahindra, Renault, Nissan, Kawasaki Motors and others.
• Facilities in Faridabad, Nalagarh and Hosur with a workforce of 600+, plus a fully-owned US subsidiary, Elofic USA LLC.

Company Overview & Fundamentals

Product Range

Elofic manufactures a comprehensive portfolio:

The company’s facilities support advanced R&D and automation — genuine engineering capability rather than assembly-only operations.

Client Base — The Real Asset

Elofic serves a global clientele consisting of Fortune 1000 blue-chip corporations:

TATA Motors • Volvo Eicher • Maruti Suzuki • Mahindra • Renault • Nissan • Kawasaki Motors — and many others.

Why this matters: automotive OEM approval is one of the hardest qualifications to obtain in manufacturing. It requires years of audits, testing, and proven quality consistency. Once approved and designed into a vehicle platform, a filter supplier enjoys the life of that platform — typically 5–10 years of recurring orders. This creates genuine switching costs.

Aftermarket Advantage

Filters are consumables — they must be replaced at every service interval. This gives Elofic two revenue streams: OEM supply (new vehicles) and the far larger, higher-margin replacement/aftermarket business driven by India’s growing vehicle parc. Aftermarket demand is also less cyclical than new vehicle sales, since existing vehicles need servicing regardless of new-car demand.

Financial Performance

Reading These Numbers Like an Analyst

1. The operating leverage is exceptional. Revenue up 28%, EBITDA up 54%, PAT up 61% — profits growing more than twice as fast as sales. This is the signature of a business with fixed-cost absorption and genuine pricing discipline, not just volume growth.

2. A debt-equity ratio of 0.01 is remarkable. This means the business is primarily funded through shareholders’ equity rather than borrowed funds, indicating very low financial risk and providing financial stability and flexibility. Almost no manufacturing company in India operates with this little leverage.

3. A current ratio of 6.07 is extremely strong. It measures the ability to pay short-term liabilities with short-term assets — and at 6.07x, Elofic is more than capable of meeting immediate obligations several times over.

4. Note the DSCR caveat. At 0.24 improving to 0.28, the Debt Service Coverage Ratio appears low in isolation — but with debt-equity at 0.01, there is very little debt to service, so this ratio has limited practical significance here.

5. Fifty-plus years of survival matters. Founded in 1973, Elofic has navigated the licence raj, liberalisation, multiple auto downturns, and the emissions-technology transition. That longevity is itself evidence of adaptability.

Sector Context

• Global automotive filters market: expected to reach $13.1 billion by 2027 at a 3.3% CAGR
• Indian electric and hybrid filters market: projected to grow from $0.5 billion toward $1 billion+
• India’s expanding vehicle parc drives structural aftermarket demand growth

Why Invest in Elofic Industries Unlisted Shares?

1. Outstanding recent growth — revenue +28%, EBITDA +54%, PAT +61%
2. Near-zero debt — 0.01 debt-equity ratio means minimal financial risk
3. Exceptional liquidity — current ratio of 6.07
4. 50+ years of operating history since 1973
5. Fortune 1000 blue-chip clients — TATA Motors, Maruti Suzuki, Volvo Eicher, Mahindra, Renault, Nissan, Kawasaki
6. Consumable product economics — filters require regular replacement, creating recurring aftermarket revenue
7. Three manufacturing locations — Faridabad, Nalagarh, Hosur — providing geographic and customer proximity
8. US subsidiary (Elofic USA LLC) — established international presence
9. In-house R&D and automation — genuine engineering capability
10. Accessible entry — lot sizes have been available from around ₹20,000

Risks to Consider — Read Carefully

1. EV transition is the key long-term question. Electric vehicles use fewer filters than internal combustion engines — no oil filters, no fuel filters. Air filters, cabin filters and hydraulic filters remain relevant, and the Indian EV/hybrid filters market is projected to grow from $0.5 billion, but the addressable content per vehicle declines. Ask specifically about Elofic’s EV product strategy before investing.
2. Auto-cycle exposure — OEM demand follows vehicle production cycles.
3. Global filter market growth is modest at 3.3% CAGR — this is a mature industry.
4. Customer concentration among large OEMs who demand annual price reductions.
5. Raw material costs — filter media, steel and paper prices affect margins.
6. Competition from Mann+Hummel, Bosch, Purolator and Chinese manufacturers.
7. Growth rates will normalise — 28% revenue and 61% PAT growth are exceptional and unlikely to repeat annually.
8. No IPO announced — OTC-only liquidity.
9. High per-share price means substantial minimum tickets.

How to Buy from Arms Securities

Call/WhatsApp +91-8882245112 → confirm price and lot → share CMR → pay via NEFT/RTGS → shares credited in 24–48 hours.

FAQs

What is the current price of Elofic Industries unlisted shares?

Elofic trades at four-figure per-share prices in the OTC market. For today’s confirmed Arms Securities quote and available quantity, call/WhatsApp +91-8882245112.

What does Elofic Industries manufacture?

Elofic is India’s leading manufacturer and exporter of automotive filters and lubricants, producing oil filters, air filters, fuel filters, hydraulic components, coolants and greases from facilities in Faridabad, Nalagarh and Hosur.

Who are Elofic’s customers?

A global clientele of Fortune 1000 blue-chip corporations including TATA Motors, Volvo Eicher, Maruti Suzuki, Mahindra, Renault, Nissan and Kawasaki Motors, among many others.

Is Elofic Industries financially strong?

Exceptionally so. Revenue grew 28%, EBITDA increased 54% and PAT surged 61%, with EPS jumping significantly. The debt-equity ratio is just 0.01 — meaning the business is funded almost entirely through shareholders’ equity rather than borrowings — and the current ratio improved from 5.29 to 6.07, indicating a very strong liquidity position.

Does the EV transition threaten Elofic?

It is a legitimate long-term consideration. Electric vehicles use fewer filters than combustion engines — no oil or fuel filters — though air, cabin and hydraulic filters remain relevant, and the Indian electric and hybrid filters market is projected to grow from $0.5 billion. Ask about Elofic’s EV product roadmap before investing.

Does Elofic have international operations?

Yes. Elofic operates a fully-owned US subsidiary, Elofic USA LLC, reinforcing its presence in international markets, and exports its products globally.

+91-8882245112 | contact@armssecurities.com

Entity Summary, Analysis & FAQ

Entity Summary + Quick Answers

Elofic Industries at a glance

Who are Elofic’s customers? A global clientele of Fortune 1000 blue-chip corporations including TATA Motors, Volvo Eicher, Maruti Suzuki, Mahindra, Renault, Nissan and Kawasaki Motors.

The Operating Leverage Story

Revenue +28%. EBITDA +54%. PAT +61%.

Profits growing more than twice as fast as sales is the signature of a business with fixed-cost absorption and genuine pricing discipline — not just volume growth.

The balance sheet is the standout

Almost no manufacturing company in India operates with this little leverage.

Why Filters Are Better Than They Look

Filters are consumables. They must be replaced at every service interval, giving Elofic two revenue streams:

Once a filter is designed into a vehicle platform, it supplies that platform for 5–10 years. Automotive OEM approval requires years of audits, testing and proven quality consistency — creating genuine switching costs.

India’s growing vehicle parc drives structural aftermarket demand growth.

The EV Question You Must Ask

Electric vehicles use fewer filters than internal combustion engines — no oil filters, no fuel filters.

But the picture is not binary:

The Indian electric and hybrid filters market is projected to grow from $0.5 billion toward $1 billion+.

Ask Arms Securities specifically about Elofic’s EV product roadmap before investing. Call +91-8882245112.

FAQ

What does Elofic manufacture?

Oil filters, air filters, fuel filters, hydraulic components and filters, coolants, greases and lubricants — from facilities in Faridabad, Nalagarh and Hosur, supported by advanced R&D and automation.

What is the global filter market outlook?

The global automotive filters market is expected to reach $13.1 billion by 2027 at a 3.3% CAGR — a mature industry. Growth rates like Elofic’s recent +28% revenue and +61% PAT are exceptional and unlikely to repeat annually.

Does Elofic export?

Yes. It operates a fully-owned US subsidiary, Elofic USA LLC, reinforcing its international presence, and exports globally.

Who competes with Elofic?

Mann+Hummel, Bosch, Purolator and Chinese manufacturers, plus domestic players.

What is the minimum investment?

Lot sizes have been available from around ₹20,000. At four-figure per-share prices, confirm current terms with +91-8882245112.

Can I sell my Elofic shares?

Yes. Arms Securities buys. Call +91-8882245112 for a firm bid.

Related Companies & Guides

• Ring Plus Aqua — also faces the EV transition question (starter ring gears)
• Mohindra Fasteners — industrial fasteners
• Hero Motors — ₹1,200 Cr DRHP, EV drivetrain exposure
• Anugraha Valve Castings
• G G Automotive Gears

Guides:Best Unlisted Shares 2026 • How to Buy Unlisted Shares • Tax on Unlisted Shares

How to Buy Elofic Industries Unlisted Shares — Complete Process

Buying Elofic Industries unlisted shares takes 24–48 hours from first call to shares landing in your demat account. Arms Securities has executed off-market transfers since 1990 — we are among the founder members of India’s unquoted stock market.

Step 1 — Get today’s live buy price

Call or WhatsApp +91-8882245112 or email contact@armssecurities.com with the company name (Elofic Industries) and the quantity or investment amount you have in mind. We reply with today’s confirmed buy price, available quantity and minimum lot size.

Unlisted share prices are not exchange-quoted — they move with OTC supply and demand — so a live quote matters more than any published figure.

Step 2 — Confirm the deal terms

We lock in the price per share, total quantity and consideration, settlement timeline (typically T+1 to T+2) and applicable stamp duty (0.015% on off-market transfers). Nothing moves until you confirm in writing on WhatsApp or email.

Step 3 — Share your demat details

Send your Client Master Report (CMR) — a one-page PDF from your broker’s app or Depository Participant containing your DP ID, Client ID, beneficiary name, depository (NSDL or CDSL) and PAN.

You do not need a special account. Elofic Industries shares are credited to your existing demat account — the same one you use for listed shares.

Step 4 — Transfer payment

Pay by NEFT, RTGS or IMPS to Arms Securities’ verified bank account. We share full details in writing with the deal confirmation. Never pay to an account shared verbally or by an unverified number — always confirm on +91-8882245112.

Step 5 — Receive shares in your demat account

We initiate the off-market transfer through NSDL or CDSL. Shares are credited within 24–48 hours of payment confirmation. You receive SMS and email from the depository, and the holding appears in your regular demat statement.

Documents required to buy Elofic Industries shares

Everything can be submitted digitally on WhatsApp or email. No physical paperwork, no courier, no branch visit.

Minimum investment in Elofic Industries shares

Minimum investment depends on the prevailing price and the minimum lot available at that moment — both change. Call +91-8882245112 for today’s exact minimum. For allocations above ₹10 lakh, see our bulk unlisted share transactions service.

Is it legal and safe to buy Elofic Industries unlisted shares?

Yes — trading in unlisted shares is completely legal in India.

One caution: SEBI has warned investors against unauthorised electronic platforms offering unlisted securities. Deal only with established intermediaries who settle through the depository system and who you can speak to on a phone number.

 Buy Elofic Industries shares — call/WhatsApp +91-8882245112

Related: buy unlisted shares in India • off-market share transfer • our transfer procedure • how to buy unlisted shares — step-by-step guide

Sell Your Elofic Industries Unlisted Shares — We Buy

Arms Securities buys Elofic Industries unlisted shares. If you hold them and want to exit, we provide a firm bid, handle the entire transfer, and pay by NEFT/RTGS within 24 hours of receiving the shares.

We buy in every format

Why sellers come to Arms Securities

Most brokers cannot help you. Your regular stockbroker can only trade listed shares on the exchange. Unlisted shares have no exchange — you need a dealer with an actual buyer network.

We have been that dealer since 1990. We are among the founder members of India’s unquoted stock market, we deal in physical certificates that most modern platforms refuse to touch, and we maintain a standing book of HNI and institutional buyers across 15+ states.

How to sell Elofic Industries shares — step by step

Step 1 — Tell us what you hold. Call/WhatsApp +91-8882245112 with the company name, quantity, and whether your shares are in demat or physical form.

Step 2 — Receive our bid. We quote a firm buy price based on current OTC demand. No obligation.

Step 3 — Submit documents.

For demat holdings: Demat account statement / Client Master Report • PAN card copy • Cancelled cheque • Delivery Instruction Slip (DIS)

For physical certificates: Original share certificates • PAN card copy • Address proof • Cancelled cheque • Transfer deed (Form SH-4) • If inherited: death certificate, succession certificate or legal heir documents

Step 4 — Transfer the shares. Demat: Submit a DIS to your DP transferring shares to Arms Securities — A/C 11323830, DP ID IN302365, DP: Shri Parasram Holdings Pvt. Ltd. You can also execute online via CDSL Easiest or NSDL Speed-e. Physical: Courier the certificates with signed transfer deed. We guide you through the exact process.

Step 5 — Receive payment. On confirmation of share receipt, we release payment by NEFT or RTGS — typically within 24 hours.

Selling inherited or old Elofic Industries share certificates

This is our specialism, and very few dealers in India offer it.

If you have found old Elofic Industries share certificates among family papers — perhaps belonging to a parent or grandparent — you likely have a valid, transferable asset.

1. Do not discard them. Old certificates frequently retain real value.
2. Photograph them and send to +91-8882245112. We verify authenticity and current status at no cost.
3. We check the company’s position — active, merged, renamed, delisted or dissolved — and tell you honestly what your holding represents today.
4. If the shares have value, we quote and buy. If not, we explain the position and the capital-loss tax set-off available to you.

Full physical share certificate guide →

Tax when you sell Elofic Industries unlisted shares

• No STT (Securities Transaction Tax) applies to unlisted share transactions
• Stamp duty of 0.015% applies on off-market transfers, collected by the depository
• For inherited shares, the holding period includes the original owner’s period — often making gains long-term automatically
• For NRIs, TDS provisions apply; we guide on documentation

If the shares later list, post-listing tax treatment changes to listed-share rules (12-month LTCG threshold), with the holding period counted from your original purchase date.

 Complete tax guide on unlisted shares • Capital gains tax on unlisted shares

Consult a Chartered Accountant for your specific situation.

 Sell your Elofic Industries shares — call/WhatsApp +91-8882245112 for a firm bid

Related: sell unlisted shares in India • physical & demat share assistance

Trust & Contact Block

Why Buy and Sell Elofic Industries Shares Through Arms Securities?

Our pre-IPO track record

Arms Securities identified and supplied pre-IPO shares in companies that became genuine multibaggers for our clients:

DLF • D-Mart (Avenue Supermarts) • Nazara Technologies • LUX Industries • ISGEC Heavy Engineering • L&T Infotech (now LTIMindtree)

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Contact:  +91-8882245112 (Call/WhatsApp) • +91-9899131155 • +91-11-47000023  contact@armssecurities.com •  www.armssecurities.com Mon–Fri 9:30–18:00 • Sat 10:00–14:00

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Balance Sheet of Elofic Industries Unlisted Shares

in ₹ Cr.

Profit and Loss of Elofic Industries Unlisted Shares

in ₹ Cr.