Elcid Investments Announces Remarkable Q3 Financial Turnaround
Elcid Investments Limited, renowned as one of the most expensive stocks trading on the Indian stock market, unveiled its December quarter performance on January 28. The company reported a consolidated net profit of ₹47.37 crore, marking a dramatic reversal from the loss of ₹7 crore recorded during the same quarter in the previous financial year.
Revenue Performance Shows Strong Growth
The Mumbai-based firm demonstrated substantial operational improvement, with revenue from operations reaching ₹61.37 crore for the reporting quarter. This represents a significant recovery compared to the operational loss of ₹5.25 crore posted in the corresponding period last year. When examined sequentially, the company's revenue showed healthy growth from the ₹43.98 crore reported in the preceding September quarter, while net profit increased from ₹32 crore in that period.
Company Background and Structure
Elcid Investments Ltd operates as a Reserve Bank of India-registered Core Investment Company (CIC) and Non-Banking Financial Company (NBFC). The company maintains its headquarters in Mumbai and is particularly notable for holding a substantial long-term stake in Asian Paints, one of India's leading paint manufacturers. Functioning primarily as a holding entity, Elcid Investments oversees subsidiaries including Murahar Investments & Trading Co. Ltd. and Suptaswar Investments & Trading Co. Ltd.
Stock Price Volatility and Historical Context
The company's shares have experienced considerable volatility in recent times. Currently, Elcid Investments stock has declined by over 65% from its record high achieved in November 2025. The company captured significant market attention in late 2024 following its relisting, which was accompanied by an extraordinary 6,685,452% surge in its stock price.
This unprecedented price increase resulted from a special call auction mechanism implemented by the Bombay Stock Exchange (BSE). Designed to facilitate price discovery for select investment holding companies, this auction mechanism propelled the stock price to an astonishing ₹236,250 per share. Subsequently, the stock reached a new record high of ₹332,399 per share in November 2024, establishing itself as the most expensive stock on Dalal Street at that time.
Current Market Position and Comparison
Following its peak, the stock has undergone a sharp correction, falling approximately 65% to its current trading price of ₹115,670 per share. Despite this significant decline, Elcid Investments remains among the most expensive stocks in the Indian market. It currently trades just below MRF Limited, which maintains a share price of ₹134,935 per share.
Investors are advised to consult with certified financial experts before making any investment decisions regarding this or any other security.
