What does Elofic Industries Limited do?

Elofic Industries Limited is a Faridabad-based manufacturer of automotive filters and lubricants. Founded in 1951, the company produces oil filters, air filters, fuel filters, hydraulic filters, and related lubrication products for the automotive OEM and aftermarket segments. Elofic is one of India's pioneering indigenous filter manufacturers with a multi-decade track record.

When was Elofic Industries Limited founded and incorporated?

Elofic Industries was founded in 1951 and formally incorporated in 1973 in Haryana under CIN U74999HR1973PLC070262. The company is headquartered in Faridabad, Haryana — a major auto components manufacturing hub.

Who are the promoters of Elofic Industries Limited?

Specific promoter names are not publicly confirmed in available disclosures. The company is a family-promoted business with roots going back to 1951 in Faridabad, with ownership likely concentrated among the founding family.

What products does Elofic make?

Elofic manufactures a wide range of filtration products including oil filters, air filters, fuel filters, hydraulic filters, and cabin air filters for passenger vehicles, commercial vehicles, tractors, and industrial equipment. The company also produces automotive lubricants and related products sold through the aftermarket and OEM channels.

Is Elofic Industries Limited planning an IPO?

There is no publicly confirmed IPO plan for Elofic Industries Limited. Despite being a 70+ year old company, it has remained unlisted, maintaining a closely held ownership structure.

How do I buy Elofic Industries unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Elofic Industries?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Elofic Industries shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Elofic Industries Unlisted Share Price | Buy Elofic Industries Pre-IPO Shares — wisefolio

Investment Thesis

Elofic Industries Limited is one of India's oldest automotive filter manufacturers, founded in 1951 with over seven decades of operational heritage in Faridabad. The ₹2,900 unlisted share price reflects strong implied value and investor confidence in the business. While the near-term outlook is positive given India's large ICE vehicle parc, the company faces structural EV-driven headwinds over the longer term and lacks public financial transparency.

Pros

ISIN INE02YY01015 confirmed; revenue ₹462 Cr (FY25) with 1-year revenue CAGR 29% and EBITDA CAGR 53% — outstanding growth.
67+ years of automotive filter leadership since 1973 — one of India's most established auto ancillary brands.
Six manufacturing facilities across Faridabad (Haryana), Nalagarh (Himachal Pradesh), and Hosur (Tamil Nadu) — diversified production footprint.
Automotive filters and lubricants — critical, recurring aftermarket products; stable demand across vehicle segments.

Cons

Unlisted (U-prefix) — no secondary market despite 52 years of operations and ₹462 Cr revenue; OTC trading only.
Very thin paid-up capital ₹2.51 Cr vs. ₹462 Cr revenue — highly leveraged operating structure.
Automotive aftermarket filters face long-term disruption risk from EV adoption (no oil/fuel filters in EVs).
Competition from Bosch, Mahle, Mann+Hummel, and other global Tier-1 filter suppliers in India.

Business Segments

Automotive Filters

Manufacturing of automotive filters for passenger vehicles, commercial vehicles, and farm equipment; oil filters, air filters, fuel filters.

Lubricants

Manufacturing and distribution of lubricants and related automotive products.

Revenue Model

Dual-channel revenue model — OEM supply contracts for factory-fitted filters provide stable base revenue, while the aftermarket segment (spare parts and replacement filters) offers higher margins and recurring demand. Lubricant sales provide additional cross-sell revenue to the same customer base.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

India's large installed base of ICE vehicles (250+ million registered vehicles) ensures strong aftermarket filter demand for the next 10-15 years

Increasing vehicle complexity and shorter service intervals creating higher per-vehicle filter consumption

Potential for industrial filtration and hydraulic filter expansion as adjacent growth opportunity

Industry Tailwinds

Recent Developments

Revenue ₹462 crore — 29% YoY growth

Elofic reported revenue of ₹462 crore in FY2025, growing approximately 29% from prior year, driven by automotive filter market growth and expanded aftermarket penetration.

FY2025

Comparable Companies

CompanyTypeTickerMkt Cap

Bosch LimitedListedBOSCHLTD~50000 Cr

Minda Industries LimitedListedMINDAIND~25000 Cr

Suprajit Engineering LimitedListedSUPRAJIT~3000 Cr

Bosch LimitedListed

BOSCHLTD · ~50000 Cr

Frequently Asked Questions

About Elofic Industries

Elofic Industries Limited is one of India's oldest and largest independent automotive filter manufacturers, incorporated on 2 June 1973 in Faridabad, Haryana. With over 51 years of manufacturing history, Elofic has established itself as a major supplier of oil filters, fuel filters, air filters, hydraulic filters, and engine oils to the Indian automotive, agriculture, marine, and industrial sectors. Elofic operates six manufacturing plants at Faridabad, Hosur, Noida, and Nalagarh with a combined production capacity of over 110 million filter pieces per year. This manufacturing scale places Elofic among India's leading filter producers by volume. The company's product range covers approximately 5,000+ filter configurations, serving virtually every type of vehicle and industrial application in India. Revenues were approximately ₹462 crore in FY2025, up from ₹100-500 crore range in FY2024, representing approximately 29% one-year growth. This acceleration reflects India's growing vehicle parc (the total number of registered vehicles requiring regular filter maintenance) and Elofic's expanding replacement market presence. Faridabad, Haryana is strategically located near Delhi and Gurugram — home to major automotive OEMs including Maruti Suzuki, Hero MotoCorp, and India Yamaha Motor. This proximity enables Elofic to serve as a reliable tier-1 or tier-2 filter supplier while also building its strong replacement/aftermarket business through a national distribution network. The Indian automotive filters market is estimated at ₹5,000+ crore and growing at 8-10% annually, driven by the expanding vehicle parc and tightening emission standards that require more frequent filter replacements.

Key Milestones

Incorporated June 2, 1973 in Faridabad, Haryana (CIN: U74999HR1973PLC070262) — 52 years old

Common questions about unlisted shares

How do I buy Elofic Industries unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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