Elnet Technologies Ltd - Stock Valuation and Financial Performance

BSE: 517477 | NSE: ELNET | IT - Software | Small Cap

Elnet Technologies Share Price

330 0.20 0.06%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Elnet Technologies

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Elnet Technologies stock performance -

mw4me loader
P/E Ratio (SA):
8.15
Market Cap:
132.3 Cr.
52-wk low:
158
52-wk high:
399

Is Elnet Technologies Ltd an attractive stock to invest in?

1. Is Elnet Technologies Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Elnet Technologies Ltd is a below average quality company.

2. Is Elnet Technologies Ltd undervalued or overvalued?

The key valuation ratios of Elnet Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Elnet Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Elnet Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Elnet Technologies:

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.
Elnet Technologies Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13%11.3%11.9%12.9%13.2%11.5%13.5%13.1%12%11.7%-
Value Creation
Index
-0.1-0.2-0.2-0.1-0.1-0.20.0-0.1-0.1-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 21.621.522.122.722.2212421.422.124.627
Sales YoY Gr.--0.4%2.8%2.7%-2%-5.3%14.3%-11.2%3.4%11.5%-
Adj EPS 14.51416.219.12220.5273031.534.140.6
YoY Gr.--3.8%16%17.7%15%-6.6%31.4%11.2%5%8.2%-
BVPS (₹) 107.5118.4132.5147.8169.4188213.4242.1274.4306.6337.9
Adj Net
Profit
5.85.66.57.68.88.210.81212.613.616
Cash Flow from Ops. 8.37.82.6-8.224.96.7-21.732.1-25.514.1-
Debt/CF from Ops. 0.50.61.6-0.50.20.6-0.20.1-0.20.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.5%2.1%0.8%11.5%
Adj EPS 9.9%9.2%8.1%8.2%
BVPS12.4%12.6%12.8%11.8%
Share Price 23.6% 26.2% 40.1% 104.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.412.412.913.613.911.513.413.212.211.712.6
Op. Profit
Mgn %
51.653.854.257.352.653.659.672.671.164.164.5
Net Profit
Mgn %
2726.129.433.739.63944.956.15755.360.7
Debt to
Equity
0.10.10.10.10.10.10.1000-
Working Cap
Days
1501751663243952955066867871,093530
Cash Conv.
Cycle
30302121343223272614443

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.60%

Sales growth is good in last 4 quarters at 12.45%

Sales growth has been subdued in last 3 years 0.78%

Net Profit has been subdued in last 3 years 8.09%

Latest Financials - Elnet Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 40.6 22.5
TTM Sales (₹ Cr.) 26.7 22.2
BVPS (₹.) 337.9 0
Reserves (₹ Cr.) 131 64
P/BV 0.98 0.00
PE 8.15 14.70
From the Market
52 Week Low / High (₹) 158.00 / 399.00
All Time Low / High (₹) 3.80 / 399.00
Market Cap (₹ Cr.) 132
Equity (₹ Cr.) 4
Face Value (₹) 10
Industry PE 33.7

Management X-Ray of Elnet Technologies:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Elnet Technologies

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales22212223222124212225
Operating Expenses 10101010111010669
Manufacturing Costs8777767335
Material Costs0000000000
Employee Cost 1222111112
Other Costs 1111222122
Operating Profit 11121213121114151616
Operating Profit Margin (%) 51.6%53.8%53.9%57.3%52.6%53.4%59.6%72.6%71.1%64.1%
Other Income 1223445556
Interest 0000011111
Depreciation 3543334433
Exceptional Items 0000000000
Profit Before Tax 991012121215161719
Tax 3334334445
Profit After Tax 66689811121314
PAT Margin (%) 27.1%26.2%29.2%34.6%40.5%40.0%45.1%56.1%57.1%55.7%
Adjusted EPS (₹)14.614.116.119.622.521.027.130.031.534.2
Dividend Payout Ratio (%)10%10%11%7%7%7%4%5%6%6%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4347535968758597110123
Share Capital 4444444444
Reserves 3943495564718193106119
Minority Interest0000000000
Debt4444444444
Long Term Debt4440000000
Short Term Debt0004444444
Trade Payables0010000001
Others Liabilities 19192015161515141416
Total Liabilities 667178788895105116128144

Fixed Assets

Gross Block64666826283338394143
Accumulated Depreciation23283236711151821
Net Fixed Assets41383723232627242322
CWIP 0000010000
Investments 3377883344
Inventories0000000000
Trade Receivables2222222322
Cash Equivalents 12192517404425583635
Others Assets89729151548276380
Total Assets 667178788895105116128144

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 883-8257-2232-2514
PBT 981012121215161719
Adjustment 2321-100-1-1-3
Changes in Working Capital 0-1-5-1716-1-3221-370
Tax Paid -3-3-4-4-3-4-4-4-4-2
Cash Flow From Investing Activity -4-1-310-24-928-3534-15
Capex -3-2-2-1-3-7-5-1-1-2
Net Investments 00-48-24-629-3529-15
Others -1142244262
Cash Flow From Financing Activity 000-1-1-1-10-1-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -1-1-1-1-1-1-10-1-1
Others 1110000000
Net Cash Flow 57010-35-38-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.4512.4512.8413.9714.1811.7713.5113.1612.2111.79
ROCE (%)19.3717.3317.9920.3218.516.3218.3817.8516.2116.04
Asset Turnover Ratio0.340.310.30.290.270.230.240.190.180.18
PAT to CFO Conversion(x)1.331.330.5-12.780.88-22.67-1.921
Working Capital Days
Receivable Days30303033383930434233
Inventory Days0000000000
Payable Days0000000000

Elnet Technologies Ltd Stock News

Elnet Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Elnet Technologies on 28-Mar-2024 16:01 is ₹330.0.
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 28-Mar-2024 16:01 the market cap of Elnet Technologies stood at ₹132.3.
The latest P/E ratio of Elnet Technologies as of 28-Mar-2024 16:01 is 8.15.
The latest P/B ratio of Elnet Technologies as of 28-Mar-2024 16:01 is 0.98.
The 52-week high of Elnet Technologies is ₹399.0 and the 52-week low is ₹158.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elnet Technologies is ₹26.72 ( Cr.) .

About Elnet Technologies Ltd

Elnet Technologies (ETL) was incorporated in August 1990 as a Public Limited Company promoted by Electronics Corporation of Tamil Nadu and Stur Technologies Pvt Ltd (formerly New Era Technologies Private Limited) & its Associates. ETL’s core competence is to develop and manage Software Technology Park. ETL has pioneered the concept of Software Technology Park in India. 

ETL is a Profit making and Dividend paying Company.With a committed Quality Policy of providing professionally managed contemporary infrastructural facilities to IT and ITES industry, to achieve high customer satisfaction through trained manpower adhering to defined processes
and continual improvement in service delivery. ELNET was awarded the ISO 9001-2000 certification on 24.01.07.

Elnet Software City is located in a 3.16 acres plot in Taramani adjacent to TIDEL PARK along the IT corridor.The complex has a super built up area of 2,00,000 sq.ft and lettable area of 1,70,000 sq.ft
At present, the occupancy level is 100% and the complex houses clients engaged in software development and data processing etc and an organization promoted by the Government of Tamil Nadu furthering the knowledge of Tamil, namely, Tamil Virtual University. 

The company has 100% diesel generator back up, 900 TR split packaged air conditioning system, 12 x 120 KVA uninterrupted power supply systems in parallel redundant mode as part of additional  infrastructure facility  for use by the companies. 

Provision has also been made for point-to-point microwave link between the complex and TATA VSNL, STPI, Reliance, Airtel, BSNL earth station to facilitate easy transfer of data. 

The complex employs about 2500 people and contributes a substantial share in the software export from the state. The complex houses leading software companies like Cognizant Technology Solutions, Tata Consultancy Services, Flextronics Technologies, Tata Communications Ltd.

The company has plan for an expansion and creating necessary infrastructure for BPO operations, thus contributing to the growth of exports.The systems and procedures developed over the years provide integrated, effective and efficient management of the facility. It also ensures a safe and comfortable environment to the occupants. 

Business area of the company:
  • Infra-structure services to Software and BPO Companies
  • ETL’s core competence is to develop and manage Software Technology Park. ETL has pioneered the concept of Software Technology Park in India.
Achievements/ recognition:

ELNET is an ISO 9001-2000 certified company.



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