Elin Electronics Ltd

Elin Electronics Ltd

₹ 181 7.18%
14 Jun - close price
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.

  • Market Cap 901 Cr.
  • Current Price 181
  • High / Low 194 / 129
  • Stock P/E 70.7
  • Book Value 86.6
  • Dividend Yield 0.55 %
  • ROCE 5.64 %
  • ROE 2.99 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 6.22% over past five years.
  • Promoter holding is low: 33.4%
  • Company has a low return on equity of 6.70% over last 3 years.
  • Dividend payout has been low at 12.3% of profits 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
224.70 249.47 246.89 240.61 171.77 207.80 208.48 217.67 190.93 218.11
209.64 229.57 236.27 216.50 158.67 201.40 198.78 209.12 183.37 208.34
Operating Profit 15.06 19.90 10.62 24.11 13.10 6.40 9.70 8.55 7.56 9.77
OPM % 6.70% 7.98% 4.30% 10.02% 7.63% 3.08% 4.65% 3.93% 3.96% 4.48%
0.02 0.11 0.21 0.06 0.12 1.79 2.66 2.07 1.96 2.32
Interest 2.83 3.78 3.41 3.68 3.11 2.61 2.75 1.19 1.72 2.08
Depreciation 3.27 3.35 3.68 3.65 3.84 5.29 4.23 4.09 4.07 6.26
Profit before tax 8.98 12.88 3.74 16.84 6.27 0.29 5.38 5.34 3.73 3.75
Tax % 28.84% 27.87% 9.63% 26.25% 24.88% -27.59% 23.23% 35.96% 28.42% 32.80%
6.39 9.30 3.38 12.43 4.71 0.38 4.12 3.42 2.67 2.53
EPS in Rs 1.50 2.18 0.79 2.92 0.95 0.08 0.83 0.69 0.54 0.51
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
438 494 618 611 712 892 867 835
403 457 575 567 656 824 812 800
Operating Profit 35 38 43 44 56 68 55 36
OPM % 8% 8% 7% 7% 8% 8% 6% 4%
1 1 0 1 1 0 2 9
Interest 9 9 11 10 9 12 13 8
Depreciation 11 12 14 18 10 13 16 19
Profit before tax 16 17 19 17 38 43 28 18
Tax % 24% 24% 19% 24% 27% 26% 24% 30%
13 13 15 13 28 32 21 13
EPS in Rs 19.90 20.87 24.02 18.39 39.32 7.48 4.26 2.57
Dividend Payout % 0% 0% 0% 0% 0% 13% 23% 0%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 5%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: -4%
3 Years: -23%
TTM: -39%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 8%
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
Equity Capital 6 6 5 7 7 21 25 25
Reserves 112 125 145 156 197 216 397 405
57 62 77 65 102 86 65 1
48 71 86 67 108 104 134 112
Total Liabilities 223 264 312 295 414 428 621 543
79 84 99 113 136 161 199 186
CWIP 0 2 0 0 0 0 0 12
Investments 2 12 14 16 4 3 28 65
143 165 198 167 274 264 394 281
Total Assets 223 264 312 295 414 428 621 543

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 87
ROCE % 14% 14% 12% 17% 18% 10%

Shareholding Pattern

Numbers in percentages

10 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
32.93% 32.97% 32.97% 32.98% 32.99% 33.41%
6.21% 2.76% 1.46% 1.02% 0.56% 0.35%
13.15% 18.76% 14.38% 13.66% 11.93% 11.90%
47.71% 45.51% 51.20% 52.32% 54.53% 54.34%
No. of Shareholders 1,14,47687,49788,00386,22583,78278,607

* 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.

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