Elin Electronics Ltd

Elin Electronics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Elin Electronics Ltd

₹ 122 -4.01%
21 Feb - 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 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

Website BSE NSE
  • Market Cap ₹ 607 Cr.
  • Current Price ₹ 122
  • High / Low ₹ 282 / 118
  • Stock P/E 43.6
  • Book Value ₹ 88.4
  • Dividend Yield 0.00 %
  • ROCE 5.60 %
  • ROE 2.96 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 25.3%

Cons

  • The company has delivered a poor sales growth of 6.22% over past five years.
  • Promoter holding is low: 33.4%
  • Company has a low return on equity of 6.68% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
224.70 249.47 246.89 240.61 171.77 207.80 208.48 217.67 190.93 218.11 238.68 237.12 224.94
209.64 229.57 236.27 216.50 158.67 201.40 198.78 209.12 183.37 208.34 227.59 228.94 216.78
Operating Profit 15.06 19.90 10.62 24.11 13.10 6.40 9.70 8.55 7.56 9.77 11.09 8.18 8.16
OPM % 6.70% 7.98% 4.30% 10.02% 7.63% 3.08% 4.65% 3.93% 3.96% 4.48% 4.65% 3.45% 3.63%
0.02 0.11 0.21 0.06 0.12 1.79 2.66 2.07 1.96 2.32 2.15 2.47 2.02
Interest 2.83 3.78 3.41 3.68 3.11 2.61 2.75 1.19 1.72 2.08 1.62 1.45 1.34
Depreciation 3.27 3.35 3.68 3.65 3.84 5.29 4.23 4.09 4.07 6.26 4.87 4.34 5.05
Profit before tax 8.98 12.88 3.74 16.84 6.27 0.29 5.38 5.34 3.73 3.75 6.75 4.86 3.79
Tax % 28.84% 27.87% 9.63% 26.25% 24.88% -27.59% 23.23% 35.96% 28.42% 32.80% 27.26% 25.10% 25.59%
6.39 9.30 3.38 12.43 4.71 0.38 4.12 3.42 2.67 2.53 4.92 3.64 2.83
EPS in Rs 1.50 2.18 0.79 2.92 0.95 0.08 0.83 0.69 0.54 0.51 0.99 0.73 0.57
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
438 494 618 611 712 892 867 835 919
403 457 575 567 656 824 812 799 882
Operating Profit 35 38 43 44 56 68 55 36 37
OPM % 8% 8% 7% 7% 8% 8% 6% 4% 4%
1 1 0 1 1 0 2 9 9
Interest 9 9 11 10 9 12 13 8 6
Depreciation 11 12 14 18 10 13 16 19 21
Profit before tax 16 17 19 17 38 43 28 18 19
Tax % 24% 24% 19% 24% 27% 26% 24% 30%
13 13 15 13 28 32 21 13 14
EPS in Rs 19.90 20.87 24.02 18.39 39.32 7.48 4.26 2.57 2.80
Dividend Payout % 0% 0% 0% 0% 0% 13% 23% 39%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 5%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: -4%
3 Years: -23%
TTM: 31%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -23%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 7%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 5 7 7 21 25 25 25
Reserves 112 125 145 156 197 216 397 405 414
57 62 77 65 102 86 65 1 2
48 71 86 67 108 104 134 112 143
Total Liabilities 223 264 312 295 414 428 621 543 583
79 84 99 113 136 161 199 186 197
CWIP 0 2 0 0 0 0 0 12 4
Investments 2 12 14 16 4 3 28 65 67
143 165 198 167 274 264 394 281 314
Total Assets 223 264 312 295 414 428 621 543 583

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
44 19 60 -26 72 50 34
-30 -30 -32 -3 -36 -188 43
-5 3 -28 28 -34 135 -77
Net Cash Flow 9 -8 0 -1 2 -4 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 65 61 63 45 78 50 61 61
Inventory Days 50 56 54 58 67 58 59 53
Days Payable 47 64 60 48 61 45 59 46
Cash Conversion Cycle 67 53 57 55 84 63 61 67
Working Capital Days 65 52 54 43 77 59 56 60
ROCE % 14% 14% 12% 17% 18% 10% 6%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
32.93% 32.97% 32.97% 32.98% 32.99% 33.41% 33.41% 33.41% 33.41%
6.21% 2.76% 1.46% 1.02% 0.56% 0.35% 0.97% 0.86% 0.38%
13.15% 18.76% 14.38% 13.66% 11.93% 11.90% 13.10% 12.58% 12.06%
47.71% 45.51% 51.20% 52.32% 54.53% 54.34% 52.53% 53.14% 54.15%
No. of Shareholders 1,14,47687,49788,00386,22583,78278,60771,51661,15960,747

* 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

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