Elin Electronics Ltd
Incorporated in 1982, Elin Electronics Ltd is
in the business of Electronics Manufacturing Services[1]
- Market Cap ₹ 923 Cr.
- Current Price ₹ 186
- High / Low ₹ 282 / 108
- Stock P/E 59.0
- Book Value ₹ 104
- Dividend Yield 0.00 %
- ROCE 5.08 %
- ROE 2.75 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 21.0%
Cons
- Promoter holding has decreased over last quarter: -0.43%
- The company has delivered a poor sales growth of 4.69% over past five years.
- Promoter holding is low: 33.0%
- Company has a low return on equity of 6.73% 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
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 | TTM | |
---|---|---|---|---|---|---|---|---|
494 | 829 | 786 | 862 | 1,094 | 1,075 | 1,042 | 1,142 | |
457 | 771 | 730 | 796 | 1,015 | 1,010 | 1,001 | 1,098 | |
Operating Profit | 38 | 57 | 55 | 67 | 79 | 65 | 41 | 45 |
OPM % | 8% | 7% | 7% | 8% | 7% | 6% | 4% | 4% |
1 | 1 | 1 | 2 | 1 | 2 | 9 | 9 | |
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 | 22 |
Tax % | 24% | 19% | 24% | 27% | 26% | 25% | 30% | |
15 | 23 | 19 | 35 | 39 | 27 | 14 | 16 | |
EPS in Rs | 24.37 | 36.01 | 26.18 | 49.13 | 9.20 | 5.40 | 2.79 | 3.14 |
Dividend Payout % | 0% | 0% | 0% | 0% | 10% | 18% | 35% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 7% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -10% |
3 Years: | -26% |
TTM: | 31% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 16% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 5 | 7 | 7 | 20 | 24 | 24 | 24 |
Reserves | 139 | 185 | 202 | 255 | 283 | 469 | 479 | 490 |
62 | 86 | 70 | 114 | 103 | 78 | 12 | 7 | |
71 | 109 | 84 | 132 | 127 | 163 | 154 | 180 | |
Total Liabilities | 278 | 385 | 363 | 508 | 533 | 734 | 669 | 702 |
84 | 122 | 134 | 161 | 188 | 232 | 224 | 234 | |
CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 12 | 4 |
Investments | 26 | 13 | 24 | 14 | 1 | 27 | 63 | 66 |
165 | 250 | 205 | 333 | 343 | 475 | 370 | 397 | |
Total Assets | 278 | 385 | 363 | 508 | 533 | 734 | 669 | 702 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
44 | 27 | 83 | -34 | 57 | 62 | 43 | |
-30 | -30 | -43 | -5 | -28 | -197 | 36 | |
-5 | -4 | -33 | 34 | -30 | 131 | -79 | |
Net Cash Flow | 9 | -7 | 7 | -4 | -1 | -4 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 61 | 61 | 42 | 77 | 59 | 67 | 70 |
Inventory Days | 56 | 49 | 53 | 67 | 54 | 57 | 52 |
Days Payable | 64 | 55 | 45 | 61 | 44 | 58 | 51 |
Cash Conversion Cycle | 53 | 55 | 50 | 83 | 68 | 65 | 71 |
Working Capital Days | 50 | 50 | 39 | 78 | 66 | 62 | 65 |
ROCE % | 17% | 13% | 17% | 17% | 10% | 5% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 May
-
Board Meeting Intimation for Intimation Of The Board Meeting To Consider Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31, 2025.
15 May - Board meeting on May 26 to approve FY25 audited financial results; trading window closed till May 28.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 15 May
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 May - IPO proceeds utilization report for Q4 FY25 shows no deviations; funds used as per offer document.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 5 May
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