Is Elofic Industries a Unicorn?

Elofic Industries Limited FAQs No Comments

No, Elofic Industries is not a Unicorn. The valuation of the company stands at ~600 crore. It is a small cap category share in the unlisted market. For a company to be Unicorn, it must have a valuation of more than 7000 Crores ($1=Rs.70), which is not there in case of Elofic Industries.

Incorporated in 1951, Elofic Industries is a product based R & D driven company. Faridabad based, Elofic Industries is the largest manufacturer of automotive filters, lubes, and automotive coolants. 30% of the total revenue of the company comes from export of automotive filters.

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