Elin Electronics Ltd (ELIN) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543725 | NSE: ELIN | Consumer Durables - Electronics | Small Cap

Elin Electronics Share Price

173.35 -5.20 -2.91%
as on 05-Dec'25 16:59

Elin Electronics Ltd (ELIN) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543725 | NSE: ELIN | Consumer Durables - Electronics | Small Cap

DeciZen - make an informed investing decision on Elin Electronics

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Elin Electronics stock performance -

Key Ratios
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P/E Ratio (SA):
29.12
Market Cap:
860.8 Cr.
52-wk low:
108.7
52-wk high:
234.9

Is Elin Electronics Ltd an attractive stock to invest in?


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10 Year X-Ray of Elin Electronics: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Elin Electronics Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 20.7%14.5%14.2%14%12.2%17.5%17.6%10%5.6%7.5%-
Value Creation
Index
0.50.00.00-0.10.30.3-0.3-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 475438494618611712892867835945963
Sales YoY Gr.--7.8%12.8%25%-1%16.4%25.2%-2.8%-3.7%13.1%-
Adj EPS 4.73.33.43.93.16.47.54.22.63.96
YoY Gr.--29.9%4.6%13.8%-19.6%106.4%16%-43.4%-38.8%50.6%-
BVPS (₹) 2831.334.838.738.34855.88586.690.694.3
Adj Net
Profit
17.612.312.914.713.327.431.82112.919.430
Cash Flow from Ops. 16.73643.815.459.8-25.87250.233.920.1-
Debt/CF from Ops. 4.21.61.451.1-3.91.21.30.10.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.9%9.1%2%13.1%
Adj EPS -1.9%4.6%-19.5%50.6%
BVPS13.9%18.8%17.5%4.6%
Share Price - - - -23.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
18.11110.310.68.614.914.46.434.46.4
Op. Profit
Mgn %
8.38.17.66.97.37.87.66.34.34.66
Net Profit
Mgn %
3.72.82.62.42.23.93.62.41.52.13.1
Debt to
Equity
0.70.50.50.50.40.50.40.2000
Working Cap
Days
9710811111011411410911612510972
Cash Conv.
Cycle
5058534953606059636144

Recent Performance Summary

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Latest Financials - Elin Electronics Ltd.

Standalone Consolidated
TTM EPS (₹) 6 7.7
TTM Sales (₹ Cr.) 963 1,225
BVPS (₹.) 94.3 111.8
Reserves (₹ Cr.) 444 530
P/BV 1.84 1.55
PE 29.12 22.47
From the Market
52 Week Low / High (₹) 108.65 / 234.90
All Time Low / High (₹) 108.65 / 281.95
Market Cap (₹ Cr.) 861
Equity (₹ Cr.) 24.8
Face Value (₹) 5
Industry PE 83.4

Management X-Ray of Elin Electronics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Elin Electronics - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Elin Electronics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales475438494618611712892867835945
Operating Expenses 436403457575567657824812800901
Manufacturing Costs48474551494957545960
Material Costs338305345443421510653632603683
Employee Cost 404359718490104110124140
Other Costs 988101489161517
Operating Profit 39353842445567553644
Operating Profit Margin (%) 8.3%8.1%7.6%6.9%7.2%7.8%7.6%6.3%4.3%4.6%
Other Income 11111202910
Interest 99911109121386
Depreciation 9111214181013161920
Exceptional Items 0000000000
Profit Before Tax 23161718173843281827
Tax 544341011757
Profit After Tax 18131315132832211320
PAT Margin (%) 3.7%2.9%2.7%2.4%2.1%3.9%3.6%2.4%1.5%2.1%
Adjusted EPS (₹)4.73.33.53.93.16.67.54.32.64.1
Dividend Payout Ratio (%)0%0%0%0%0%0%13%23%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 106118131146163204238422430450
Share Capital 66667721252525
Reserves 99112125140156197216397405425
Minority Interest0000000000
Debt6156597355826946311
Long Term Debt253132393937334000
Short Term Debt362528341645367311
Trade Payables353960735586811027798
Others Liabilities 18102529334239503439
Total Liabilities 219223276321306414428621543597

Fixed Assets

Gross Block135157173198226238275320318356
Accumulated Depreciation69788998113102114121132150
Net Fixed Assets 66798499113136161199185206
CWIP 10200000123
Investments 2212121643286570
Inventories44415365669410410287108
Trade Receivables80788310676152122144140158
Cash Equivalents 32112435100131
Others Assets 24223135322533475221
Total Assets 219223276321306414428621543597

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 1736441560-2672503420
PBT 23161718173843281827
Adjustment 17192024321824271917
Changes in Working Capital -19510-2315-761640-19
Tax Paid -4-4-3-4-4-6-12-9-3-5
Cash Flow From Investing Activity -27-23-30-27-32-3-36-18843-25
Capex -27-23-19-27-31-17-37-42-18-31
Net Investments 00-110-2141-147542
Others 0000100174
Cash Flow From Financing Activity 10-14-53-2828-34135-774
Net Proceeds from Shares 000000017500
Net Proceeds from Borrowing 13517-037-16-21-400
Interest Paid -9-9-9-11-10-9-12-13-8-6
Dividend Paid 0000000-4-50
Others 6-1126-17-0-6-3-2411
Net Cash Flow 0-19-80-12-4-0-0

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)18.2711.1710.5110.638.4415.1914.46.412.994.59
ROCE (%)20.7114.514.214.0112.1817.517.56105.647.5
Asset Turnover Ratio2.682.22.032.071.951.982.121.651.441.66
PAT to CFO Conversion(x)0.942.773.3814.62-0.932.252.382.621
Working Capital Days
Receivable Days47595856545856566258
Inventory Days31323435394141434138
Payable Days36445355555047535447

Elin Electronics Ltd Stock News

Elin Electronics Ltd FAQs

The current trading price of Elin Electronics on 05-Dec-2025 16:59 is ₹173.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Elin Electronics stood at ₹860.8.
The latest P/E ratio of Elin Electronics as of 04-Dec-2025 is 29.12.
The latest P/B ratio of Elin Electronics as of 04-Dec-2025 is 1.84.
The 52-week high of Elin Electronics is ₹234.9 and the 52-week low is ₹108.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elin Electronics is ₹963.1 ( Cr.) .

About Elin Electronics Ltd

Elin Electronics Limited was originally incorporated on March 26, 1982 at Kolkata, West Bengal as a private limited company under the Companies Act, 1956, with the name ‘Elin Electronics Private Limited’ pursuant to a certificate of incorporation granted by the Registrar of the Companies, West Bengal at Kolkata (“RoC”). Subsequently, the name of the Company was changed to ‘Elin Electronics Limited’ upon conversion of the Company into a public company pursuant to a special resolution passed by the shareholders on July 27, 1987 and the certificate of incorporation was amended by the RoC consequent upon change of name on conversion to public limited company on November 22, 1987.

Elin Electronics is a leading electronics manufacturing services (EMS) 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. In addition, it is one of the key players in LED lighting and flashlight and is also one of the key players in small appliances vertical. The company manufactures and assembles a wide array of products and provides end-to-end product solutions. It serves under both original equipment manufacturers (OEM) and original design manufacturer (ODM) business models. Under the OEM model, it manufactures and supply products basis designs developed by its customers, who then further distribute these products under their own brands. Under the ODM model, in addition to manufacturing, it conceptualizes and designs the products which are then marketed to its customers’ prospective customers under their brands. It has developed ODM capabilities with respect to lighting products and small appliances.

Business area of the company

The company’s key diversified product portfolio in EMS includes (i) LED lighting, fans and switches including lighting products, ceiling, fresh air and TPW fans, and modular switches and sockets; (ii) small appliances such as dry and steam irons, toasters, hand blenders, mixer grinders, hair dryer and hair straightener; (iii) fractional horsepower motors, which is used in mixer grinder, hand blender, wet grinder, chimney, air conditioner, heat convector, TPW fans etc.; and (iv) other miscellaneous products such as terminal block for air conditioners, stainless steel blade for mixer grinders, die casting, radio sets. In addition to its EMS offerings, it also manufactures medical diagnostic cartridges for use in diagnostic devices, and plastic moulded and sheet metal parts and components, largely for customers in the auto ancillary and consumer durables sectors. It manufactures and sells fractional horsepower motors in its own brand name “Elin”. The company offers innovative solutions to its customers, which include leading international and national consumer electronics brands. Its comprehensive solution suite includes global sourcing, fabrication of components and parts, captive manufacturing and assembly, quality testing, packaging and logistics support, which enables it to partner with leading consumer electronics and appliances brands in India.

Key Awards, Accreditations and Recognition

  • 2014: 2013 Regional Cooperation Award by Denso Corporation.
  • 2014: Bronze Supplier Award by IFB Appliances.
  • 2014: Certificate of Appreciation presented by Denso Haryana Private Limited in the category of “Regional Best Supplier”.
  • 2016: Certificate of Appreciation by IFB Appliances in recognition of Company’s Unflinching Support”.
  • 2016: ELCINA-EFYGROUP award for Excellence in Electronics.
  • 2018: Customer First Award presented by Philips at the Philips Lightning Supplier Event India.
  • 2018: Best Supplier Quality Award - Certificate of Appreciation, presented by Daikin Airconditioning India Private Limited, in recognition of outstanding efforts to achieve “Quality Target for FY 2017”.
  • 2022: Appreciation certificate for achieving the stable quality in selected parts from Direct on Line Business Partner from Denso.

Major events and milestones

  • 1969: Establishment of ‘Electronic Industries of India’.
  • 1996: Established plants in Goa for manufacturing appliances for Philips.
  • 2001: Diversified into various categories of motors and started manufacturing luminaires for Philips.
  • 2004: Inaugurated a plant in Baddi for manufacturing appliances.
  • 2007: Manufactured flashlights for Eveready.
  • 2019: Commenced production of fans.
  • 2019: Commenced production of medical diagnostic cartridges.
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