Elin Electronics Ltd
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]
- Market Cap ₹ 866 Cr.
- Current Price ₹ 174
- High / Low ₹ 194 / 126
- Stock P/E 72.6
- Book Value ₹ 100
- Dividend Yield 0.56 %
- ROCE 9.90 %
- ROE 6.66 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Promoter holding is low: 33.4%
- Company has a low return on equity of 10.9% over last 3 years.
- Dividend payout has been low at 9.43% 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.
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 | TTM | |
---|---|---|---|---|---|---|---|
494 | 829 | 786 | 862 | 1,094 | 1,075 | 1,033 | |
457 | 771 | 730 | 796 | 1,015 | 1,010 | 996 | |
Operating Profit | 38 | 57 | 55 | 67 | 79 | 65 | 37 |
OPM % | 8% | 7% | 7% | 8% | 7% | 6% | 4% |
1 | 1 | 1 | 2 | 1 | 2 | 9 | |
Interest | 9 | 13 | 12 | 10 | 13 | 13 | 9 |
Depreciation | 12 | 17 | 20 | 12 | 14 | 19 | 20 |
Profit before tax | 17 | 28 | 24 | 47 | 53 | 36 | 17 |
Tax % | 24% | 19% | 24% | 27% | 26% | 25% | |
15 | 23 | 19 | 35 | 39 | 27 | 12 | |
EPS in Rs | 24.37 | 36.01 | 26.18 | 49.13 | 9.20 | 5.40 | 2.40 |
Dividend Payout % | 0% | 0% | 0% | 0% | 10% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 11% |
TTM: | -8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 13% |
TTM: | -68% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 36% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 6 | 5 | 7 | 7 | 20 | 24 | 24 |
Reserves | 139 | 185 | 202 | 255 | 283 | 469 | 473 |
62 | 86 | 70 | 114 | 103 | 78 | 31 | |
71 | 109 | 84 | 132 | 127 | 163 | 155 | |
Total Liabilities | 278 | 385 | 363 | 508 | 533 | 734 | 683 |
84 | 122 | 134 | 161 | 188 | 232 | 230 | |
CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 3 |
Investments | 26 | 13 | 24 | 14 | 1 | 27 | 1 |
165 | 250 | 205 | 333 | 343 | 475 | 448 | |
Total Assets | 278 | 385 | 363 | 508 | 533 | 734 | 683 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
44 | 27 | 83 | -34 | 57 | 62 | |
-30 | -30 | -43 | -5 | -28 | -197 | |
-5 | -4 | -33 | 34 | -30 | 131 | |
Net Cash Flow | 9 | -7 | 7 | -4 | -1 | -4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Debtor Days | 61 | 61 | 42 | 77 | 59 | 67 |
Inventory Days | 56 | 49 | 53 | 67 | 54 | 57 |
Days Payable | 64 | 55 | 45 | 61 | 44 | 58 |
Cash Conversion Cycle | 53 | 55 | 50 | 83 | 68 | 65 |
Working Capital Days | 50 | 50 | 39 | 78 | 66 | 62 |
ROCE % | 17% | 13% | 17% | 17% | 10% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 18 Apr
- Appointment Of Chief Executive Officer 16 Apr
- Board Meeting Outcome for Appointment Of Chief Executive Officer 16 Apr
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 12 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr
Concalls
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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 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.