Elin Electronics Ltd
Incorporated in 1982, Elin Electronics Ltd is
in the business of Electronics Manufacturing Services[1]
- Market Cap ₹ 868 Cr.
- Current Price ₹ 175
- High / Low ₹ 282 / 108
- Stock P/E 29.6
- Book Value ₹ 108
- Dividend Yield 0.00 %
- ROCE 8.59 %
- ROE 5.65 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 8.48% over past five years.
- Promoter holding is low: 33.0%
- Company has a low return on equity of 4.92% over last 3 years.
- Earnings include an other income of Rs.18.3 Cr.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
494 | 829 | 786 | 862 | 1,094 | 1,075 | 1,042 | 1,180 | |
457 | 771 | 730 | 796 | 1,015 | 1,010 | 1,001 | 1,128 | |
Operating Profit | 38 | 57 | 55 | 67 | 79 | 65 | 41 | 52 |
OPM % | 8% | 7% | 7% | 8% | 7% | 6% | 4% | 4% |
1 | 1 | 1 | 2 | 1 | 2 | 9 | 18 | |
Interest | 9 | 13 | 12 | 10 | 13 | 13 | 8 | 8 |
Depreciation | 12 | 17 | 20 | 12 | 14 | 19 | 22 | 25 |
Profit before tax | 17 | 28 | 24 | 47 | 53 | 36 | 20 | 39 |
Tax % | 24% | 19% | 24% | 27% | 26% | 25% | 30% | 24% |
15 | 23 | 19 | 35 | 39 | 27 | 14 | 29 | |
EPS in Rs | 24.37 | 36.01 | 26.18 | 49.13 | 9.20 | 5.40 | 2.79 | 5.90 |
Dividend Payout % | 0% | 0% | 0% | 0% | 10% | 18% | 35% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 3% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | -9% |
TTM: | 114% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -11% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 5% |
Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 5 | 7 | 7 | 20 | 24 | 24 | 24 |
Reserves | 139 | 185 | 202 | 255 | 283 | 469 | 479 | 510 |
62 | 86 | 70 | 114 | 103 | 78 | 12 | 24 | |
71 | 109 | 84 | 132 | 127 | 163 | 154 | 170 | |
Total Liabilities | 278 | 385 | 363 | 508 | 533 | 734 | 669 | 728 |
84 | 122 | 134 | 161 | 188 | 232 | 224 | 246 | |
CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 12 | 3 |
Investments | 26 | 13 | 24 | 14 | 1 | 27 | 63 | 69 |
165 | 250 | 205 | 333 | 343 | 475 | 370 | 410 | |
Total Assets | 278 | 385 | 363 | 508 | 533 | 734 | 669 | 728 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
44 | 27 | 83 | -34 | 57 | 62 | 43 | 17 | |
-30 | -30 | -43 | -5 | -28 | -197 | 36 | -21 | |
-5 | -4 | -33 | 34 | -30 | 131 | -79 | 4 | |
Net Cash Flow | 9 | -7 | 7 | -4 | -1 | -4 | -0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 61 | 61 | 42 | 77 | 59 | 67 | 70 | 70 |
Inventory Days | 56 | 49 | 53 | 67 | 54 | 57 | 52 | 53 |
Days Payable | 64 | 55 | 45 | 61 | 44 | 58 | 51 | 52 |
Cash Conversion Cycle | 53 | 55 | 50 | 83 | 68 | 65 | 71 | 71 |
Working Capital Days | 50 | 50 | 39 | 78 | 66 | 62 | 65 | 87 |
ROCE % | 17% | 13% | 17% | 17% | 10% | 5% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
23 Jul - CRISIL reaffirms Elin Electronics' Rs.134 Cr bank loan ratings at A/Stable and A1.
-
Intimation Of Date Of 43Rd Annual General Meeting
23 Jul - 43rd AGM on Aug 30, 2025 via VC; e-voting from Aug 27-29; cut-off date Aug 23.
-
Board Meeting Intimation for Intimation Of The Board Meeting To Consider Un-Audited Standalone And Consolidated Financial Results For The Quarter Ended June 30, 2025.
18 Jul - Board meeting on Aug 7 to approve Q1 FY26 un-audited financial results; trading window closed till Aug 11.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
16 Jul - Certificate under SEBI Reg 74(5) for securities dematerialization for quarter ended June 30, 2025.
- Closure of Trading Window 18 Jun
Concalls
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May 2025Transcript PPT REC
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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