Elnet Technologies Ltd

Elnet Technologies Ltd

₹ 359 -0.44%
24 Jul - close price
About

Incorporated in 1990, Elnet Technologies Ltd develops and maintains an integrated software technology park and infra structure for Business Process Outsourcing Industries[1]

Key Points

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

  • Market Cap 144 Cr.
  • Current Price 359
  • High / Low 399 / 210
  • Stock P/E 8.22
  • Book Value 348
  • Dividend Yield 0.56 %
  • ROCE 17.9 %
  • ROE 13.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.03 times its book value

Cons

  • The company has delivered a poor sales growth of 4.44% over past five years.
  • Company has a low return on equity of 12.5% over last 3 years.
  • Earnings include an other income of Rs.8.28 Cr.
  • Dividend payout has been low at 4.06% 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

Sector: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
5.30 5.56 5.43 5.44 5.65 5.82 5.90 6.42 6.46 6.72 6.76 6.78 5.89
1.34 1.34 1.29 1.48 2.26 1.84 1.74 2.24 3.00 2.35 2.05 2.08 2.10
Operating Profit 3.96 4.22 4.14 3.96 3.39 3.98 4.16 4.18 3.46 4.37 4.71 4.70 3.79
OPM % 74.72% 75.90% 76.24% 72.79% 60.00% 68.38% 70.51% 65.11% 53.56% 65.03% 69.67% 69.32% 64.35%
1.21 1.29 1.28 1.30 1.27 1.40 1.47 1.56 1.67 1.58 2.14 2.20 2.36
Interest 0.15 0.13 0.13 0.13 0.11 0.14 0.14 0.30 0.06 0.16 0.15 0.17 0.18
Depreciation 0.83 0.88 0.89 0.85 0.80 0.76 0.69 0.61 0.50 0.44 0.42 0.42 0.37
Profit before tax 4.19 4.50 4.40 4.28 3.75 4.48 4.80 4.83 4.57 5.35 6.28 6.31 5.60
Tax % 27.68% 24.00% 24.55% 21.96% 32.27% 23.66% 13.96% 30.43% 38.95% 26.73% 24.20% 24.56% 27.68%
3.03 3.42 3.32 3.33 2.54 3.42 4.13 3.37 2.79 3.93 4.76 4.76 4.05
EPS in Rs 7.58 8.55 8.30 8.32 6.35 8.55 10.32 8.42 6.98 9.82 11.90 11.90 10.12
Raw PDF
Upcoming result date: 29 July 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
21 22 21 22 23 22 21 24 21 22 25 26
10 10 10 10 10 11 10 10 6 6 9 9
Operating Profit 11 11 12 12 13 12 11 14 16 16 16 18
OPM % 51% 52% 54% 54% 57% 53% 54% 60% 73% 71% 64% 67%
1 1 2 2 3 4 4 5 5 5 6 8
Interest 0 0 0 0 0 0 1 1 1 0 1 1
Depreciation 3 3 5 4 3 3 3 4 4 3 3 2
Profit before tax 8 9 8 10 12 12 12 15 16 17 19 24
Tax % 33% 32% 34% 34% 35% 27% 28% 26% 26% 26% 27% 26%
5 6 6 6 8 9 8 11 12 13 14 17
EPS in Rs 13.48 14.60 14.08 16.12 19.58 22.50 21.02 27.12 29.98 31.52 34.22 43.72
Dividend Payout % 10% 10% 10% 11% 7% 7% 7% 4% 5% 6% 6% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 4%
3 Years: 7%
TTM: 6%
Compounded Profit Growth
10 Years: 12%
5 Years: 16%
3 Years: 13%
TTM: 29%
Stock Price CAGR
10 Years: 21%
5 Years: 30%
3 Years: 18%
1 Year: 27%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 12%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 34 39 43 49 55 64 71 81 93 106 119 135
4 4 4 4 4 4 4 4 4 4 4 4
15 16 15 16 15 16 15 16 15 14 17 15
Total Liabilities 57 63 67 74 78 88 95 105 116 128 144 159
42 41 38 37 23 23 26 27 24 23 22 22
CWIP 0 0 0 0 0 0 1 0 0 0 0 0
Investments 3 3 3 7 7 8 8 3 3 4 4 4
12 19 26 30 48 57 61 75 88 101 118 133
Total Assets 57 63 67 74 78 88 95 105 116 128 144 159

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 8 1 3 -8 25 7 -22 32 -25 14 -62
-7 -4 -1 -3 10 -24 -9 28 -35 34 -15 66
1 0 -0 0 -1 -1 -1 -1 -0 -1 -1 -1
Net Cash Flow 2 5 -0 -0 1 -0 -3 5 -3 8 -2 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 32 29 31 30 37 39 36 29 53 34 36 35
Inventory Days
Days Payable
Cash Conversion Cycle 32 29 31 30 37 39 36 29 53 34 36 35
Working Capital Days 20 18 45 19 -124 -142 -6 -18 59 -74 2 -11
ROCE % 20% 19% 17% 18% 20% 19% 16% 18% 18% 16% 16% 18%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
52.85% 52.85% 52.85% 52.85% 52.85% 52.85% 52.85% 52.85% 52.85% 52.85% 52.85% 52.85%
0.00% 0.00% 0.00% 0.00% 0.15% 0.00% 0.00% 0.00% 0.17% 0.00% 0.00% 0.00%
47.15% 47.15% 47.15% 47.15% 47.00% 47.17% 47.16% 47.15% 46.98% 47.15% 47.15% 47.15%
No. of Shareholders 5,6695,4305,4845,4065,3165,1645,0574,9904,8625,6165,5895,568

* 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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