Elin Electronics Ltd

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

Elin Electronics Ltd

₹ 209 0.00%
03 Jul 9:00 a.m.
elinindia.com BSE: 543725 NSE: ELIN
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 1,038 Cr.
  • Current Price ₹ 209
  • High / Low ₹ 222 / 129
  • Stock P/E 74.8
  • Book Value ₹ 101
  • Dividend Yield 0.48 %
  • ROCE 5.12 %
  • ROE 2.78 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 4.69% over past five years.
  • Promoter holding is low: 33.4%
  • Company has a low return on equity of 6.74% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
258.52 316.99 294.12 310.34 202.25 268.72 253.83 273.34 236.71 277.83
242.42 291.85 282.94 279.00 189.05 259.88 244.03 263.49 228.22 265.43
Operating Profit 16.10 25.14 11.18 31.34 13.20 8.84 9.80 9.85 8.49 12.40
OPM % 6.23% 7.93% 3.80% 10.10% 6.53% 3.29% 3.86% 3.60% 3.59% 4.46%
0.10 0.14 0.23 0.06 0.14 1.84 2.73 2.11 1.95 2.32
Interest 2.87 3.77 3.30 4.12 3.10 2.55 2.75 1.33 1.89 2.15
Depreciation 3.67 3.76 4.29 4.07 4.39 5.86 4.85 4.76 4.77 7.47
Profit before tax 9.66 17.75 3.82 23.21 5.85 2.27 4.93 5.87 3.78 5.10
Tax % 28.26% 27.21% 18.06% 25.85% 21.71% 29.52% 23.53% 33.22% 29.89% 30.78%
6.93 12.92 3.13 17.21 4.59 1.60 3.77 3.92 2.64 3.54
EPS in Rs 1.63 3.03 0.74 4.04 0.92 0.32 0.76 0.79 0.53 0.71
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
494 829 786 862 1,094 1,075 1,042
457 771 730 796 1,015 1,010 1,001
Operating Profit 38 57 55 67 79 65 41
OPM % 8% 7% 7% 8% 7% 6% 4%
1 1 1 2 1 2 9
Interest 9 13 12 10 13 13 8
Depreciation 12 17 20 12 14 19 22
Profit before tax 17 28 24 47 53 36 20
Tax % 24% 19% 24% 27% 26% 25% 30%
15 23 19 35 39 27 14
EPS in Rs 24.37 36.01 26.18 49.13 9.20 5.40 2.79
Dividend Payout % 0% 0% 0% 0% 10% 18% 0%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 7%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: -9%
3 Years: -26%
TTM: -48%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 20%
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
Equity Capital 6 5 7 7 20 24 24
Reserves 139 185 202 255 283 469 479
62 86 70 114 103 78 12
71 109 84 132 127 163 154
Total Liabilities 278 385 363 508 533 734 669
84 122 134 161 188 232 224
CWIP 2 0 0 0 0 0 12
Investments 26 13 24 14 1 27 63
165 250 205 333 343 475 370
Total Assets 278 385 363 508 533 734 669

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 86
ROCE % 17% 13% 17% 17% 10%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
32.93% 32.97% 32.97% 32.98% 32.99% 33.41%
6.21% 2.76% 1.46% 1.02% 0.56% 0.35%
13.15% 18.76% 14.38% 13.66% 11.93% 11.90%
47.71% 45.51% 51.20% 52.32% 54.53% 54.34%
No. of Shareholders 1,14,47687,49788,00386,22583,78278,607

* 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

Annual reports

DRHP

Credit ratings

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