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 21.7
  • Book Value ₹ 112
  • Dividend Yield 0.00 %
  • ROCE 6.85 %
  • ROE 4.27 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.91 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 8.35% over past five years.
  • Promoter holding is low: 33.0%
  • Company has a low return on equity of 3.82% over last 3 years.
  • Dividend payout has been low at 11.5% 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

Consumer Discretionary Consumer Durables Consumer Durables Household Appliances

Part of BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
268.72 253.83 273.34 236.71 277.83 293.58 304.56 266.32 315.75 295.48 374.54 293.52 324.19
259.88 244.03 263.49 228.22 265.43 280.33 293.26 258.76 295.50 277.92 354.18 281.83 318.23
Operating Profit 8.84 9.80 9.85 8.49 12.40 13.25 11.30 7.56 20.25 17.56 20.36 11.69 5.96
OPM % 3.29% 3.86% 3.60% 3.59% 4.46% 4.51% 3.71% 2.84% 6.41% 5.94% 5.44% 3.98% 1.84%
1.84 2.73 2.11 1.95 2.32 2.36 2.61 2.14 11.24 2.99 1.77 0.78 1.11
Interest 2.55 2.75 1.33 1.89 2.15 1.84 2.00 1.63 2.11 2.02 2.23 1.65 2.30
Depreciation 5.86 4.85 4.76 4.77 7.47 5.71 5.48 6.07 7.36 5.86 6.03 6.00 6.48
Profit before tax 2.27 4.93 5.87 3.78 5.10 8.06 6.43 2.00 22.02 12.67 13.87 4.82 -1.71
Tax % 29.52% 23.53% 33.22% 29.89% 30.78% 26.55% 25.82% 29.50% 21.80% 25.89% 25.74% 24.07% -55.56%
1.60 3.77 3.92 2.64 3.54 5.92 4.78 1.40 17.22 9.39 10.30 3.66 -0.76
EPS in Rs 0.32 0.76 0.79 0.53 0.71 1.19 0.96 0.28 3.47 1.89 2.07 0.74 -0.15
Raw PDF

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 Mar 2026
494 829 786 862 1,094 1,075 1,042 1,180 1,288
457 771 730 796 1,015 1,010 1,001 1,128 1,232
Operating Profit 38 57 55 67 79 65 41 52 56
OPM % 8% 7% 7% 8% 7% 6% 4% 4% 4%
1 1 1 2 1 2 9 18 7
Interest 9 13 12 10 13 13 8 8 8
Depreciation 12 17 20 12 14 19 22 25 24
Profit before tax 17 28 24 47 53 36 20 39 30
Tax % 24% 19% 24% 27% 26% 25% 30% 24% 24%
15 23 19 35 39 27 14 29 23
EPS in Rs 24.37 36.01 26.18 49.13 9.20 5.40 2.79 5.90 4.54
Dividend Payout % 0% 0% 0% 0% 10% 18% 35% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 6%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: -8%
3 Years: -4%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -14%
1 Year: -45%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 4%
Last Year: 4%

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 Mar 2026
Equity Capital 6 5 7 7 20 24 24 24 24
Reserves 139 185 202 255 283 469 479 510 532
62 86 70 114 103 78 12 24 17
71 109 84 132 127 163 154 170 193
Total Liabilities 278 385 363 508 533 734 669 728 766
84 122 134 161 188 232 224 246 253
CWIP 2 0 0 0 0 0 12 3 28
Investments 26 13 24 14 1 27 63 69 82
165 250 205 333 343 475 370 410 403
Total Assets 278 385 363 508 533 734 669 728 766

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 Mar 2026
44 27 83 -34 57 62 43 17 54
-30 -30 -43 -5 -28 -197 36 -21 -34
-5 -4 -33 34 -30 131 -79 4 -15
Net Cash Flow 9 -7 7 -4 -1 -4 -0 -0 4
Free Cash Flow 24 -2 51 -52 16 12 18 -21 -5
CFO/OP 125% 58% 161% -40% 91% 112% 114% 45% 111%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 61 61 42 77 59 67 70 70 59
Inventory Days 56 49 53 67 54 57 52 53 60
Days Payable 64 55 45 61 44 58 51 52 52
Cash Conversion Cycle 53 55 50 83 68 65 71 71 67
Working Capital Days 30 32 30 45 44 49 72 59 78
ROCE % 17% 13% 17% 17% 10% 5% 7% 7%

Insights

In beta
Mar 2021 Mar 2024 Sep 2025
Net Working Capital Cycle
Days

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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

Announcements

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DRHP

Credit ratings

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