Elin Electronics Ltd

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

Elin Electronics Ltd

₹ 102 -4.92%
11 Jun - close price
elinindia.com BSE: 543725 NSE: ELIN
About

Incorporated in 1982, Elin Electronics Ltd is
in the business of Electronics Manufacturing Services[1]

Key Points

Business Profile[1]
Elin is a leading electronics manufacturing services (EMS) company providing end‑to‑end solutions to domestic and international brands in lighting, fans and home appliances, operating under both OEM (build to print) and ODM (design and manufacture) models. It is also one of the largest manufacturers of fractional horsepower (FHP) motors in India and a supplier of moulded and sheet‑metal components and medical diagnostic cartridges.

Website BSE NSE
  • Market Cap ₹ 505 Cr.
  • Current Price ₹ 102
  • High / Low ₹ 234 / 93.6
  • Stock P/E 23.1
  • Book Value ₹ 94.8
  • Dividend Yield 0.00 %
  • ROCE 7.57 %
  • ROE 4.75 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.07 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 7.37% over past five years.
  • Promoter holding is low: 33.0%
  • Company has a low return on equity of 4.06% over last 3 years.
  • Dividend payout has been low at 13.0% of profits over last 3 years

* 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

Consumer Discretionary Consumer Durables Consumer Durables Household Appliances

Part of BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
207.80 208.48 217.67 190.93 218.11 238.68 237.12 224.94 244.21 240.66 280.40 249.85 245.15
201.40 198.78 209.12 183.37 208.34 227.59 228.94 216.78 228.00 224.81 263.18 238.47 240.50
Operating Profit 6.40 9.70 8.55 7.56 9.77 11.09 8.18 8.16 16.21 15.85 17.22 11.38 4.65
OPM % 3.08% 4.65% 3.93% 3.96% 4.48% 4.65% 3.45% 3.63% 6.64% 6.59% 6.14% 4.55% 1.90%
1.79 2.66 2.07 1.96 2.32 2.15 2.47 2.02 3.64 2.77 1.63 0.80 0.86
Interest 2.61 2.75 1.19 1.72 2.08 1.62 1.45 1.34 1.82 1.79 1.62 1.42 1.94
Depreciation 5.29 4.23 4.09 4.07 6.26 4.87 4.34 5.05 6.16 4.91 5.00 4.96 5.41
Profit before tax 0.29 5.38 5.34 3.73 3.75 6.75 4.86 3.79 11.87 11.92 12.23 5.80 -1.84
Tax % -27.59% 23.23% 35.96% 28.42% 32.80% 27.26% 25.10% 25.59% 26.03% 25.67% 25.84% 24.31% -45.65%
0.38 4.12 3.42 2.67 2.53 4.92 3.64 2.83 8.79 8.87 9.07 4.40 -1.01
EPS in Rs 0.08 0.83 0.69 0.54 0.51 0.99 0.73 0.57 1.77 1.79 1.83 0.89 -0.20
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 Mar 2024 Mar 2025 Mar 2026
438 494 618 611 712 892 867 835 945 1,016
403 457 575 567 656 824 812 799 901 967
Operating Profit 35 38 43 44 56 68 55 36 44 49
OPM % 8% 8% 7% 7% 8% 8% 6% 4% 5% 5%
1 1 0 1 1 0 2 9 10 6
Interest 9 9 11 10 9 12 13 8 6 7
Depreciation 11 12 14 18 10 13 16 19 20 20
Profit before tax 16 17 19 17 38 43 28 18 27 28
Tax % 24% 24% 19% 24% 27% 26% 24% 30% 26% 24%
13 13 15 13 28 32 21 13 20 21
EPS in Rs 19.90 20.87 24.02 18.39 39.32 7.48 4.26 2.57 4.06 4.29
Dividend Payout % 0% 0% 0% 0% 0% 13% 23% 39% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 5%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: -4%
3 Years: 2%
TTM: 13%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -14%
1 Year: -45%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 4%
Last Year: 5%

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 Mar 2025 Mar 2026
Equity Capital 6 6 5 7 7 21 25 25 25 25
Reserves 112 125 145 156 197 216 397 405 425 447
57 62 77 65 102 86 65 1 12 8
48 71 86 67 108 104 134 112 131 140
Total Liabilities 223 264 312 295 414 428 621 543 593 619
79 84 99 113 136 161 199 186 206 211
CWIP 0 2 0 0 0 0 0 12 3 28
Investments 2 12 14 16 4 3 28 65 70 84
143 165 198 167 274 264 394 281 313 296
Total Assets 223 264 312 295 414 428 621 543 593 619

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 Mar 2025 Mar 2026
44 19 60 -26 72 50 34 20 44
-30 -30 -32 -3 -36 -188 43 -25 -30
-5 3 -28 28 -34 135 -77 4 -11
Net Cash Flow 9 -8 0 -1 2 -4 -0 -0 4
Free Cash Flow 14 -9 29 -43 35 8 15 -11 -9
CFO/OP 126% 53% 145% -36% 124% 108% 104% 57% 105%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 65 61 63 45 78 50 61 61 61 53
Inventory Days 50 56 54 58 67 58 59 53 58 61
Days Payable 47 64 60 48 61 45 59 46 52 50
Cash Conversion Cycle 67 53 57 55 84 63 61 67 67 64
Working Capital Days 44 52 54 33 44 38 45 74 56 81
ROCE % 14% 14% 12% 17% 18% 10% 6% 7% 8%

Insights

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Mar 2021 Mar 2024 Sep 2025
Net Working Capital Cycle
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Top 3 Customer Revenue Concentration (Signify, Philips, Versuni)
%
Moulding Shop Machine Range
Tonnes
Number of Major Customers in Lighting
Number
Number of SMT Lines
Lines
ODM Revenue Share in Appliances
%
SMT Capacity per Hour (CPH)
CPH

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
32.97% 32.98% 32.99% 33.41% 33.41% 33.41% 33.41% 32.98% 32.98% 32.98% 32.98% 32.95%
1.46% 1.02% 0.56% 0.35% 0.97% 0.86% 0.38% 0.41% 0.69% 0.78% 0.68% 0.74%
14.38% 13.66% 11.93% 11.90% 13.10% 12.58% 12.06% 10.77% 7.60% 5.53% 6.14% 5.40%
51.20% 52.32% 54.53% 54.34% 52.53% 53.14% 54.15% 55.84% 58.73% 60.71% 60.20% 60.92%
No. of Shareholders 88,00386,22583,78278,60771,51661,15960,74760,20858,08554,16652,41151,710

* 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.

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Documents

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