Elofic Industries Ltd
Seventy-year-old Faridabad filter maker supplying OEMs and the aftermarket, valued at about 14x earnings on dealer boards.
Market cap
₹787.5 Cr
0.25 Cr shares
P/E ratio
16.41
Sector average 28
Book value
₹1,064.00
P/B 2.96
1-year return
+10.20%
52w ₹2,600 – ₹3,150
Currently 100% of the way through its 52-week range.
Indicative price history
1Y change
+10.20% ₹2,858 → ₹3,150
52-week band in this window: ₹2,816.11 – ₹3,224.02. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Filters for OEMs and the aftermarket since 1951; plants in Faridabad and Nalagarh.
- Dealer data imply PAT ~₹48 Cr, ROE ~19% and P/E ~14.
- Indicative quote ₹3,150 (20 Sep 2026); lots of 25 shares.
About Elofic
Elofic Industries Ltd, founded in 1951 in Faridabad, is one of India's oldest filter manufacturers. It makes oil, air, fuel, hydraulic and cabin filters, coolants and lubricants for passenger cars, commercial vehicles, tractors, two-wheelers, gensets and industrial machinery, selling to OEMs such as Maruti Suzuki, Tata Motors and Escorts as well as a large replacement market under the Elofic brand. Plants are in Faridabad and Nalagarh (Solan district, Himachal Pradesh), and the company exports to more than 50 countries.
The business is run by the Sahni family; K.D. Sahni is vice chairman. Dealer valuation data imply about 25 lakh shares of ₹10, profit after tax near ₹48 Cr, net worth around ₹265 Cr and return on equity of roughly 19%, with revenue estimated in the ₹500-600 Cr range. The company spent on CSR every year, consistent with steady profitability, and in 2021 unveiled a prototype clean-air tower developed with Shri Vishwakarma Skill University.
Rate on request - the figure shown is an indicative level from public dealer quotes. UnlistedZone quoted ₹3,150 on 20 September 2026 in lots of 25 shares, up from ₹2,200-2,600 in September 2023 and ₹2,750 in 2025.
Revenue and balance-sheet lines are estimates built from dealer ratios and CSR data; the incorporation date reflects the 1951 founding. Line items are reconstructed around reported totals; treat them as approximate.
Where the revenue comes from
- OEM filters45%
Supplies to vehicle and engine makers
- Aftermarket filters and lubricants40%
Elofic-brand replacement parts, coolants and oils
- Exports and industrial15%
Overseas distributors and industrial filtration
Products & services
Automotive filters
Oil, air, fuel and cabin filters for cars, trucks, tractors and two-wheelers.
Industrial filtration
Hydraulic and process filters for gensets and machinery.
Lubricants and coolants
Elofic-brand engine oils and coolants for the aftermarket.
What works
- • Entrenched OEM relationships and a nationwide aftermarket distribution network built over seven decades.
- • Consistent profitability with return on equity near 19% and modest leverage.
- • Valuation of about 14x earnings is below listed auto-component peers.
What to watch
- • Electrification reduces the number of filters per vehicle over the long term.
- • Aftermarket competition from Mann+Hummel, Bosch, Mahle and unorganised players.
- • Very small float (about 25 lakh shares) and lots of 25 make trading lumpy.