Elin Electronics Ltd

Elin Electronics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Elin Electronics Ltd

₹ 145 2.29%
09 Jun 1:54 p.m.
elinindia.com BSE: 543725 NSE : ELIN
About

Incorporated in 1969, Elin Electronics Limited is a leading electronics manufacturing services ("EMS") provider. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and is one of the largest fractional horsepower motors manufacturers in India.[1]

Key Points

Business Model[1]
**A) OEM Model - ** In this model, they manufacture and supply products basis designs developed by their customers, who then further distribute these products under their own brands.

Website BSE NSE
  • Market Cap ₹ 721 Cr.
  • Current Price ₹ 145
  • High / Low ₹ 245 / 116
  • Stock P/E 34.0
  • Book Value ₹ 85.0
  • Dividend Yield 0.00 %
  • ROCE 10.0 %
  • ROE 6.42 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 11.9% over past five years.
  • Promoter holding is low: 33.0%
  • Company has a low return on equity of 10.9% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Sep 2022 Dec 2022 Mar 2023
224.70 249.47 240.61 171.77 207.80
209.64 229.57 216.50 158.67 201.40
Operating Profit 15.06 19.90 24.11 13.10 6.40
OPM % 6.70% 7.98% 10.02% 7.63% 3.08%
0.02 0.11 0.06 0.12 1.79
Interest 2.83 3.78 3.68 3.11 2.61
Depreciation 3.27 3.35 3.65 3.84 5.29
Profit before tax 8.98 12.88 16.84 6.27 0.29
Tax % 28.84% 27.87% 26.25% 24.88% -27.59%
Net Profit 6.39 9.30 12.43 4.71 0.38
EPS in Rs 1.50 2.18 2.92 0.95 0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
438 494 618 611 712 892 867
403 457 575 567 656 824 812
Operating Profit 35 38 43 44 56 68 55
OPM % 8% 8% 7% 7% 8% 8% 6%
1 1 0 1 1 0 2
Interest 9 9 11 10 9 12 13
Depreciation 11 12 14 18 10 13 16
Profit before tax 16 17 19 17 38 43 28
Tax % 24% 24% 19% 24% 27% 26% 24%
Net Profit 13 13 15 13 28 32 21
EPS in Rs 19.90 20.87 24.02 18.39 39.32 7.48 4.26
Dividend Payout % 0% 0% 0% 0% 0% 13% 0%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 12%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 18%
TTM: -33%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 11%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 6 5 7 7 21 25
Reserves 112 125 145 156 197 216 397
57 62 77 65 102 86 65
48 71 86 67 108 104 134
Total Liabilities 223 264 312 295 414 428 621
79 84 99 113 136 161 199
CWIP 0 2 0 0 0 0 0
Investments 2 12 14 16 4 3 28
143 165 198 167 274 264 394
Total Assets 223 264 312 295 414 428 621

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
44 19 60 -26 72 50
-30 -30 -32 -3 -36 -188
-5 3 -28 28 -34 135
Net Cash Flow 9 -8 0 -1 2 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 65 61 63 45 78 50 61
Inventory Days 50 56 54 58 67 58 59
Days Payable 47 64 60 48 61 45 59
Cash Conversion Cycle 67 53 57 55 84 63 61
Working Capital Days 65 52 54 43 77 59 67
ROCE % 14% 14% 12% 17% 18% 10%

Shareholding Pattern

Numbers in percentages

Dec 2022 Mar 2023
32.93 32.97
6.21 2.76
13.15 18.76
47.71 45.51

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

No data available.

DRHP

Credit ratings

Concalls