Elcid Investment Share, Penny Stock Turned India's Most Expensive Stock

Elcid Investment share price becomes India's most expensive stock after the relisting in the BSE stock exchange. Before Elcid Investment, MRF shares were the most expensive stock in the Indian market.

Elcid Investment share price becomes India's most expensive stock after the relisting in the BSE stock exchange. Before Elcid Investment, MRF shares were the most expensive stock in the Indian market.

Elcid Investment share price trading at Rs 30,30,398 on November 8, 2024. The current market capitalization is at Rs 6,608 crore. The company is almost debt free and stock is trading at 0.56% of its book value.

Elcid Investment has delivered a good profit growth of 26.3% CAGR over the last 5 years. Elcid's median sales growth is 27.3% in the last 10 years. 

Elcid Investment Share Price History

Previously, Elcid Investment share price used to trade at Rs 3 per share in the stock exchange.

The stock failed to attract more investors so management has decided to delist the stock. Now, after a few years, Elcid management relisted the shares again and succeeded to attract the investors attention. The biggest contribution in the Elcid Investment share valuation due to stake in Asian Paints.

Elcid Investment Limited owns a 2.95% stake in Asian Paints which is worth Rs 8500 crore. Due to the massive stake in Asian Paints, the investors are bullish on the future growth of Elcid stock.

Elcid Investment Limited Board of Directors

The Board of Directors of Elcid Investment Limited are Varun A Vakil (Chairman and non-executive, non-independent director). Amrita A Vakil (Non-executive, non-independent director).

Essaji Goolam Vahanvati (Independent director). Kartikeya Dhruv Kaji (Independent director). Ragini Varun Vakil (Chief financial officer and CEO). Ayush Dolani (Company secretary and compliance officer).

Why Did Elcid Investment Share Price Increase To Rs 3 Lakh?

Elcid Investment share price increased due to the value unlocking of its holding. The high price of Elcid is supported by the Asian Paints. Elcid Investment share price relisted on October 29, 2024 and after a few days of upper circuit the share price crossed the Rs 3,00,000 mark.

Elcid Investment Share Future 

In future Elcid Investment share price might reach Rs 5,00,000 mark in next two years. By the end of March 2023, the net profit was at Rs 73 crore. However, by the end of March 2024, the net profit rises to Rs 176 crore. The financials are improving so share prices are likely to eventually rise in future.

How To Buy Elcid Investment Shares in NSE and BSE?

Investors, those who are interested in Elcid Investment shares can buy it online from their respective demat account. The shares of Elcid Investment are only listed in Bombay Stock Exchange BSE. Elcid shares not available in NSE.

Elcid Investment IPO Possible?

As of now, There is no news about the Elcid Investment IPO from the management. However, it is a NBFC company so funds will be needed to run the business. If the company continues to perform well then in coming years management may plan for raising funds from the IPO route.