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Dossier · ELLENBARRIE INDUS GASES L · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
ELLENBARRIE INDUS GASES L
NSE: ELLEN · BSE: 544421
NSE: ELLEN · BSE: 544421
Commodities › Chemicals › Chemicals & Petrochemicals › Industrial Gases
ELLENBARRIE INDUS GASES L
StateQ1 FY27 filed
Last close · 27 Oct 2026₹317.10
Market cap₹4.5k cr
TTM P/E · P/B · EV/EBITDA37.0 · 4.57 · 25.3
ELLENBARRIE INDUS GASES L is a Chemicals & Petrochemicals company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 342 |
| EBITDA (ex other income) | 116 |
| margin % | 34.0 |
| Owners' profit | 104 |
| EPS, as reported (₹) | 7.54 |
| ROE % · ROCE % | 10.7 · 13.0 |
| Debt / equity (x) | 0.18 |
| Cash from operations | 133 |
| Capex | (158) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ELLENBARRIE INDUS GASES L · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 84 | 89 | 81 | 87 | 99 |
| Profit before tax | 28 | 40 | 34 | 33 | 46 |
| Net profit | 19 | 37 | 26 | 23 | 35 |
| EPS (₹) | 1.42 | 2.61 | 1.85 | 1.62 | 2.48 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Gases, related products & services | 334 | 97.8 |
| Project Engineering | 8 | 2.2 |
| Total, before eliminations | 342 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LINDE INDIA LIMITED | 48,100 | 88.0 | 11.27 | 51.8 | 12.9 | 14.8 | — | 29.7 |
| ELLENBARRIE INDUS GASES L ◆ | 4,469 | 37.0 | 4.57 | — | 10.7 | 12.2 | — | 55.4 |
| STALLION IND FLUOROCHEM L | 2,140 | 32.0 | 3.14 | — | 6.4 | 8.7 | — | 20.8 |
| Hilltone Software and Gases Lt | 53 | 79.4 | 2.29 | — | 0.6 | (0.4) | — | (3.5) |
| NATIONAL OXYGEN LTD. | 29 | 15.9 | — | — | (30.1) | 10.1 | — | (18.9) |
| GAGAN GASES LTD. | 9 | 37.0 | 2.72 | — | 4.0 | 4.7 | — | 10.2 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 37.0 | 21.2 | 149 of 197 | 25% |
| P/B | 4.6 | 2.1 | 160 of 202 | 21% |
| ROCE | 12.2 | 8.1 | 75 of 220 | 66% |
| ROE | 10.7 | 7.3 | 73 of 202 | 64% |
| Debt / Equity | 0.2 | 0.2 | 104 of 202 | 49% |
| EBITDA margin | 55.4 | 14.0 | 8 of 201 | 97% |
| Revenue growth | 18.0 | 17.2 | 92 of 194 | 53% |
| Profit growth | 86.8 | 41.9 | 72 of 202 | 65% |
| Market cap | 4469 | 384 | 37 of 225 | 84% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ELLENBARRIE INDUS GASES L · 28 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Board meeting on Nov 4 to consider Q2 and H1 FY27 unaudited results | results | low | — | — |
| 13 Oct 2026 · Routine compliance certificate for Q2 FY27, no demat or remat requests received | compliance | minimal | — | — |
| 28 Sept 2026 · Ellenbarrie bags Rs 481 Cr ASU contract from BHEL | compliance | low | — | — |
| 28 Sept 2026 · BHEL awards Rs 480.73 crore cryogenic air separation contract | business updates | high | — | — |
| 28 Sept 2026 · CRISIL reaffirms Crisil A/Stable rating on Rs 50 cr bank facilities | credit debt | medium | — | — |
| 28 Sept 2026 · AGM voting results filed, all three resolutions approved | board shareholder meetings | medium | — | — |
| 26 Sept 2026 · Ellenbarrie reports 14% gases revenue growth, Q1 EBITDA margin at 39% | investor communications | medium | — | — |
| 26 Sept 2026 · Proceedings of 52nd AGM held on September 26, 2026 | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · New 325 TPD Air Separation Unit commissioned at Durgapur | capex operations | high | — | — |
| 24 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in