Elin Electronics Ltd
Incorporated in 1982, Elin Electronics Ltd is
in the business of Electronics Manufacturing Services[1]
- Market Cap ₹ 691 Cr.
- Current Price ₹ 139
- High / Low ₹ 282 / 108
- Stock P/E 49.7
- Book Value ₹ 88.4
- Dividend Yield 0.00 %
- ROCE 5.60 %
- ROE 2.96 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 25.3%
Cons
- Promoter holding has decreased over last quarter: -0.43%
- The company has delivered a poor sales growth of 6.22% over past five years.
- Promoter holding is low: 33.0%
- Company has a low return on equity of 6.68% over last 3 years.
- Company's cost of borrowing seems high
* 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.
Peer comparison
Sector: Consumer Durables Industry: Electronics - Components
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|
438 | 494 | 618 | 611 | 712 | 892 | 867 | 835 | 919 | |
403 | 457 | 575 | 567 | 656 | 824 | 812 | 799 | 882 | |
Operating Profit | 35 | 38 | 43 | 44 | 56 | 68 | 55 | 36 | 37 |
OPM % | 8% | 8% | 7% | 7% | 8% | 8% | 6% | 4% | 4% |
1 | 1 | 0 | 1 | 1 | 0 | 2 | 9 | 9 | |
Interest | 9 | 9 | 11 | 10 | 9 | 12 | 13 | 8 | 6 |
Depreciation | 11 | 12 | 14 | 18 | 10 | 13 | 16 | 19 | 21 |
Profit before tax | 16 | 17 | 19 | 17 | 38 | 43 | 28 | 18 | 19 |
Tax % | 24% | 24% | 19% | 24% | 27% | 26% | 24% | 30% | |
13 | 13 | 15 | 13 | 28 | 32 | 21 | 13 | 14 | |
EPS in Rs | 19.90 | 20.87 | 24.02 | 18.39 | 39.32 | 7.48 | 4.26 | 2.57 | 2.80 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 13% | 23% | 39% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 5% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -4% |
3 Years: | -23% |
TTM: | 31% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -17% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 5 | 7 | 7 | 21 | 25 | 25 | 25 |
Reserves | 112 | 125 | 145 | 156 | 197 | 216 | 397 | 405 | 414 |
57 | 62 | 77 | 65 | 102 | 86 | 65 | 1 | 2 | |
48 | 71 | 86 | 67 | 108 | 104 | 134 | 112 | 143 | |
Total Liabilities | 223 | 264 | 312 | 295 | 414 | 428 | 621 | 543 | 583 |
79 | 84 | 99 | 113 | 136 | 161 | 199 | 186 | 197 | |
CWIP | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 12 | 4 |
Investments | 2 | 12 | 14 | 16 | 4 | 3 | 28 | 65 | 67 |
143 | 165 | 198 | 167 | 274 | 264 | 394 | 281 | 314 | |
Total Assets | 223 | 264 | 312 | 295 | 414 | 428 | 621 | 543 | 583 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
44 | 19 | 60 | -26 | 72 | 50 | 34 | ||
-30 | -30 | -32 | -3 | -36 | -188 | 43 | ||
-5 | 3 | -28 | 28 | -34 | 135 | -77 | ||
Net Cash Flow | 9 | -8 | 0 | -1 | 2 | -4 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 65 | 61 | 63 | 45 | 78 | 50 | 61 | 61 |
Inventory Days | 50 | 56 | 54 | 58 | 67 | 58 | 59 | 53 |
Days Payable | 47 | 64 | 60 | 48 | 61 | 45 | 59 | 46 |
Cash Conversion Cycle | 67 | 53 | 57 | 55 | 84 | 63 | 61 | 67 |
Working Capital Days | 65 | 52 | 54 | 43 | 77 | 59 | 56 | 60 |
ROCE % | 14% | 14% | 12% | 17% | 18% | 10% | 6% |
Documents
Announcements
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
2d - Revised SEBI disclosure confirms Elin Electronics is not a Large Corporate as per criteria.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
28 Apr - Customs order demanding Rs.18.07 lakh penalty on 2019 import; company to appeal, no material impact.
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Announcement under Regulation 30 (LODR)-Change in Management Control
18 Apr - Resignation of AGM Finance, Mr. Avinash Karwa, effective May 15, 2025.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Resignation Of Senior Management Personnel.
18 Apr - Resignation of AGM Finance, Mr. Avinash Karwa, effective May 15, 2025.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
18 Apr - Company not identified as 'Large Corporate' under SEBI as of March 31, 2025.
Concalls
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Feb 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT REC
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Feb 2023Transcript PPT
Business Overview:[1][2][3]
a) EEL is a part of the Elin group run by Sethia family, which had 57.4% shareholding in the company as on December 31st, 2022.
b) Company began operations by manufacturing electric motors and diversified into making tape recorders. It currently manufactures universal motors, FHP motors, electrical appliances, LEDs, fans, etc.
c) It also manufactures medical diagnostic cartridges for diagnostic devices, and plastic molded and sheet metal parts and components, catering to customers in the auto ancillary and consumer durables sectors
d) Company has a wholly owned subsidiary viz.EAPL which manufactures small kitchen appliances (mixer grinders, juicer mixer grinder, bar blenders, electric iron, toasters), personal care products (hair straightener and dryer), lighting fixtures and modular switches