Elnet Technologies Ltd
Incorporated in 1990, Elnet Technologies Ltd develops and maintains an integrated software technology park and infra structure for Business Process Outsourcing Industries[1]
- Market Cap ₹ 146 Cr.
- Current Price ₹ 364
- High / Low ₹ 454 / 312
- Stock P/E 7.63
- Book Value ₹ 414
- Dividend Yield 0.52 %
- ROCE 15.4 %
- ROE 11.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.88 times its book value
Cons
- The company has delivered a poor sales growth of -0.85% over past five years.
- Company has a low return on equity of 12.3% over last 3 years.
- Earnings include an other income of Rs.11.0 Cr.
- Dividend payout has been low at 4.69% of profits over last 3 years
* 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
Information Technology Information Technology IT - Services IT Enabled Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22 | 21 | 22 | 23 | 22 | 21 | 24 | 21 | 22 | 25 | 26 | 23 | 23 | |
| 10 | 10 | 10 | 10 | 11 | 10 | 10 | 6 | 6 | 9 | 9 | 8 | 8 | |
| Operating Profit | 11 | 12 | 12 | 13 | 12 | 11 | 14 | 16 | 16 | 16 | 18 | 15 | 15 |
| OPM % | 52% | 54% | 54% | 57% | 53% | 54% | 60% | 73% | 71% | 64% | 67% | 64% | 64% |
| 1 | 2 | 2 | 3 | 4 | 4 | 5 | 5 | 5 | 6 | 8 | 10 | 11 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 0 |
| Depreciation | 3 | 5 | 4 | 3 | 3 | 3 | 4 | 4 | 3 | 3 | 2 | 2 | 2 |
| Profit before tax | 9 | 8 | 10 | 12 | 12 | 12 | 15 | 16 | 17 | 19 | 24 | 23 | 24 |
| Tax % | 32% | 34% | 34% | 35% | 27% | 28% | 26% | 26% | 26% | 27% | 26% | 23% | |
| 6 | 6 | 6 | 8 | 9 | 8 | 11 | 12 | 13 | 14 | 17 | 18 | 19 | |
| EPS in Rs | 14.60 | 14.08 | 16.12 | 19.58 | 22.50 | 21.02 | 27.12 | 29.98 | 31.52 | 34.22 | 43.72 | 43.88 | 47.72 |
| Dividend Payout % | 10% | 10% | 11% | 7% | 7% | 7% | 4% | 5% | 6% | 6% | 4% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -1% |
| 3 Years: | 1% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 10% |
| 3 Years: | 12% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 27% |
| 3 Years: | 34% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 39 | 43 | 49 | 55 | 64 | 71 | 81 | 93 | 106 | 119 | 135 | 152 | 162 |
| 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |
| 16 | 15 | 16 | 15 | 16 | 15 | 16 | 15 | 14 | 17 | 16 | 14 | 15 | |
| Total Liabilities | 63 | 67 | 74 | 78 | 88 | 95 | 105 | 116 | 128 | 144 | 159 | 175 | 185 |
| 41 | 38 | 37 | 23 | 23 | 26 | 27 | 24 | 23 | 22 | 22 | 23 | 23 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 3 | 7 | 7 | 8 | 8 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
| 19 | 26 | 30 | 48 | 57 | 61 | 75 | 88 | 101 | 118 | 133 | 148 | 158 | |
| Total Assets | 63 | 67 | 74 | 78 | 88 | 95 | 105 | 116 | 128 | 144 | 159 | 175 | 185 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8 | 1 | 3 | -8 | 25 | 7 | -22 | 32 | -25 | 14 | -62 | 5 | |
| -4 | -1 | -3 | 10 | -24 | -9 | 28 | -35 | 34 | -15 | 66 | 6 | |
| 0 | -0 | 0 | -1 | -1 | -1 | -1 | -0 | -1 | -1 | -1 | -1 | |
| Net Cash Flow | 5 | -0 | -0 | 1 | -0 | -3 | 5 | -3 | 8 | -2 | 3 | 10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 29 | 31 | 30 | 37 | 39 | 36 | 29 | 53 | 34 | 36 | 35 | 31 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 29 | 31 | 30 | 37 | 39 | 36 | 29 | 53 | 34 | 36 | 35 | 31 |
| Working Capital Days | 18 | 45 | 19 | -192 | -212 | -80 | -83 | -14 | -145 | -61 | -71 | -137 |
| ROCE % | 19% | 17% | 18% | 20% | 19% | 16% | 18% | 18% | 16% | 16% | 18% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
21h - CFO D. Srinivas Rao resigned; D. Indumathi appointed CFO; A.R. Rajalakshmi appointed director, effective Nov 5, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21h - Submission of Newspaper Advertisements - Extract of unaudited financial results for the quarter and half-year ended September 30th, 2025 - Elnet Technologies Limited.
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Announcement under Regulation 30 (LODR)-Cessation
1d - CFO Dhawala Srinivas Rao resigned; Duraisamy Indumathi appointed CFO; A.R. Rajalakshmi appointed Non-Executive Director effective 05-Nov-2025.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - CFO D. Srinivas Rao resigned; D. Indumathi appointed CFO; A.R. Rajalakshmi appointed Non‑Executive Director—effective Nov 05, 2025.
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Announcement under Regulation 30 (LODR)-Change in Directorate
1d - CFO resignation (D. Srinivas Rao); appointment of Mrs. D. Indumathi as CFO and Mrs. A.R. Rajalakshmi director effective 05-Nov-2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
ETL is an ISO 9001 : 2008 certified company with a Quality Management System. It provides professionally managed infrastructural facilities to IT and ITES industry