💸 Elcid Investments: ₹1.4 Lakh Per Share… And It’s Still Trading at a Discount?!
Date of Publishing -
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At a Glance
Elcid Investments is not a regular stock. It’s a vibe. A paradox. A ₹2,850 Cr market cap stock with exactly zero business operations and one big flex — owning Asian Paints worth ₹12,000+ Cr. But here’s the kicker — you can’t buy it. You can’t sell it. You can only marvel at its audacity.
1. 🎬 Hook — The ₹1.4 Lakh Stock You’ve Never Heard Of
Imagine a company that:
Owns 4.2% of Asian Paints (₹12,000 Cr+ stake)
Has almost no operations
Trades at ₹1.4 lakh/share with zero liquidity
Has a book value of ₹4.58 lakh/share
And generates ₹200+ Cr in dividend income annually
Ladies and gentlemen, meet Elcid Investments Ltd (BSE: 503681) — India’s most elite zombie stock.
2. 🛠️ WTF Do They Even Do?
✅ Registered NBFC ✅ 2 wholly owned subsidiaries:
Murahar Investments (0.60% stake in Asian Paints)
Suptaswar Investments (0.68% stake in Asian Paints)
That’s it. No lending. No borrowing. No PE. No VC. Just sitting on shares like a mythological treasure guardian. 🐉
3. 💰 Financials – Dividend Farming on Autopilot
Metric
FY23
FY24
FY25
Revenue (₹ Cr)
109
235
211
Net Profit (₹ Cr)
73
176
153
OPM (%)
94%
99%
97%
ROE
1%
2%
1.5%
EPS
₹3,670
₹8,787
₹7,650
🤑 99% of revenue = dividends from Asian Paints 📉 All margins meaningless —
