Elango Industries Ltd

AI

Elango Industries Ltd

₹ 12.5 -1.96%
18 Sep - close price
About

Incorporated in 1989, Elango Industries Ltd performs Operation & Maintenance and other service activities[1]

Key Points

Current vs legacy business:[1]
The original steel-ingot business at Karaikal /Pondicherry was divested. The company had ~7 MW gas plant (2005) and 63 MW coal-based captive plant (2012).
Its current offerings are power-plant O&M, marketing /sale of clients power, power-related spares and rooftop-solar marketing. However, in FY26, no O&M was undertaken, and other report sections describe no active business; ownership /status /utilisation of the legacy plants is not disclosed and they should not be treated as current owned capacity.[2]

  • Market Cap 4.78 Cr.
  • Current Price 12.5
  • High / Low 15.8 / 7.84
  • Stock P/E
  • Book Value 9.54
  • Dividend Yield 0.00 %
  • ROCE -3.51 %
  • ROE -3.78 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 35.2%
  • Company has a low return on equity of -4.29% over last 3 years.
  • Working capital days have increased from 1,581 days to 3,468 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
1.93 0.00 0.65 0.00 0.04 0.00 0.90 0.01 0.21 0.03 0.00 0.00 0.01
1.93 0.04 0.67 0.08 0.13 0.03 0.93 0.06 0.26 0.04 0.02 0.05 0.06
Operating Profit 0.00 -0.04 -0.02 -0.08 -0.09 -0.03 -0.03 -0.05 -0.05 -0.01 -0.02 -0.05 -0.05
OPM % 0.00% -3.08% -225.00% -3.33% -500.00% -23.81% -33.33% -500.00%
0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.00 -0.04 -0.03 -0.09 -0.09 -0.03 -0.03 -0.05 -0.05 -0.01 -0.02 -0.05 -0.05
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00 -0.04 -0.02 -0.08 -0.10 -0.03 -0.03 -0.06 -0.05 -0.01 -0.03 -0.05 -0.05
EPS in Rs 0.00 -0.10 -0.05 -0.21 -0.26 -0.08 -0.08 -0.16 -0.13 -0.03 -0.08 -0.13 -0.13
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
0.00 0.29 0.48 0.51 0.20 0.15 0.25 0.55 0.00 2.58 0.96 0.24 0.04
0.75 0.30 0.27 0.59 0.43 0.11 0.31 1.08 0.17 2.71 1.16 0.36 0.17
Operating Profit -0.75 -0.01 0.21 -0.08 -0.23 0.04 -0.06 -0.53 -0.17 -0.13 -0.20 -0.12 -0.13
OPM % -3.45% 43.75% -15.69% -115.00% 26.67% -24.00% -96.36% -5.04% -20.83% -50.00% -325.00%
0.00 0.61 0.01 0.01 0.00 0.00 0.11 0.11 0.05 0.01 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.02 0.02 0.02 0.01 0.00
Profit before tax -0.75 0.60 0.22 -0.07 -0.23 0.04 0.05 -0.45 -0.14 -0.14 -0.22 -0.13 -0.13
Tax % 0.00% 0.00% 18.18% 0.00% 0.00% 0.00% 20.00% 0.00% 0.00% 7.14% 0.00% 0.00%
-0.75 0.60 0.18 -0.07 -0.23 0.04 0.04 -0.45 -0.15 -0.14 -0.22 -0.14 -0.14
EPS in Rs -1.97 1.57 0.47 -0.18 -0.60 0.10 0.10 -1.18 -0.39 -0.37 -0.58 -0.37 -0.37
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -2%
5 Years: -1%
3 Years: %
TTM: -96%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 2%
TTM: 18%
Stock Price CAGR
10 Years: 8%
5 Years: 9%
3 Years: 7%
1 Year: 25%
Return on Equity
10 Years: -3%
5 Years: -5%
3 Years: -4%
Last Year: -4%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82
Reserves 0.31 0.91 1.09 1.02 0.79 0.83 0.91 0.46 0.31 0.17 -0.05 -0.18
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.06 0.07 0.07 0.13 0.04 0.04 0.10 0.07 2.40 0.74 0.94 1.06
Total Liabilities 4.19 4.80 4.98 4.97 4.65 4.69 4.83 4.35 6.53 4.73 4.71 4.70
0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.03 0.14 0.12 0.11 0.10
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 3.06 0.03 0.03 0.03 0.03 0.03 0.03 0.00 0.00 0.00 0.00 0.00
1.13 4.77 4.95 4.94 4.62 4.66 4.74 4.32 6.39 4.61 4.60 4.60
Total Assets 4.19 4.80 4.98 4.97 4.65 4.69 4.83 4.35 6.53 4.73 4.71 4.70

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0.21 0.58 3.83 -0.63 -3.21 0.00 0.11 2.76 -1.05 -1.63 0.00 0.00
0.00 -3.62 0.00 0.00 0.00 0.00 -0.06 0.00 -0.14 0.00 0.00 0.00
0.00 3.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow -0.21 0.00 3.83 -0.63 -3.21 0.00 0.05 2.76 -1.19 -1.63 0.00 0.00
Free Cash Flow -0.21 0.58 3.83 -0.63 -3.21 0.00 0.05 2.76 -1.19 -1.63 0.00 0.00
CFO/OP 28% -5,800% 1,824% 725% 1,387% 0% -183% -521% 618% 1,254% 0% 0%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 37.76 0.00 393.63 1,387.00 1,849.33 116.80 0.00 0.00 3.80 30.42
Inventory Days 0.00 0.00 0.00
Days Payable
Cash Conversion Cycle 37.76 0.00 393.63 1,387.00 1,849.33 116.80 0.00 0.00 3.80 30.42
Working Capital Days 4,505.86 -53.23 307.75 6,205.00 3,260.67 1,854.20 132.73 367.83 908.70 3,467.50
ROCE % -16.48% 13.54% 4.56% -1.44% -4.87% 0.86% 1.07% -9.99% -3.33% -3.45% -5.67% -3.51%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
O&M Services Revenue
Rs. lakhs

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Number of Permanent Employees
count
Sale of Solar Power
Rs. lakhs
Solar Power Installed Capacity
KW
Sale of Engine Spares
Rs. lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
35.20% 35.20% 35.20% 35.20% 35.20% 35.20% 35.20% 35.20% 35.20% 35.20% 35.20% 35.20%
64.80% 64.80% 64.80% 64.79% 64.79% 64.79% 64.79% 64.79% 64.79% 64.80% 64.80% 64.81%
No. of Shareholders 8,3828,3978,6368,6488,6278,6688,6448,6488,6218,5928,5868,554

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