ELIN - Elin Electronics Limited Share Price

Consumer Durables

₹171.48-2.21(-1.27%)

Market Closed as of Aug 8, 2025, 15:30 IST

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Valuation
Market Cap	845.45 Cr
Price/Earnings (Trailing)	25
Price/Sales (Trailing)	0.7
EV/EBITDA	11.49
Price/Free Cashflow	-35.5
MarketCap/EBT	19.61
Enterprise Value	868.9 Cr

Fundamentals
Revenue (TTM)	1.2 kCr
Rev. Growth (Yr)	0.90%
Earnings (TTM)	29.32 Cr
Earnings Growth (Yr)	58.7%

Profitability
Operating Margin	3%
EBT Margin	3%
Return on Equity	5.49%
Return on Assets	4.03%
Free Cashflow Yield	-2.82%

Price to Sales Ratio

Latest reported: 1

Revenue (Last 12 mths)

Latest reported: 1 kCr

Net Income (Last 12 mths)

Latest reported: 33 Cr

Growth & Returns
Price Change 1W	-2.7%
Price Change 1M	-2.1%
Price Change 6M	8.2%
Price Change 1Y	-19.2%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	-21.36 Cr
Cash Flow from Operations (TTM)	16.74 Cr
Cash Flow from Financing (TTM)	4.48 Cr
Cash & Equivalents	7.5 L
Free Cash Flow (TTM)	-23.82 Cr
Free Cash Flow/Share (TTM)	-4.8

Balance Sheet
Total Assets	727.76 Cr
Total Liabilities	193.58 Cr
Shareholder Equity	534.18 Cr
Current Assets	469.52 Cr
Current Liabilities	179.64 Cr
Net PPE	245.83 Cr
Inventory	127.93 Cr
Goodwill	0.00

Capital Structure & Leverage
Debt Ratio	0.03
Debt/Equity	0.04
Interest Coverage	4.08
Interest/Cashflow Ops	3.21

Dividend & Shareholder Returns
Dividend Yield	0.53%
Shares Dilution (1Y)	0.00%

Risk & Volatility
Max Drawdown	-17.4%
Drawdown Prob. (30d, 5Y)	53.68%
Risk Level (5Y)	52.3%

Pros

Balance Sheet: Strong Balance Sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Cons

Momentum: Stock is suffering a negative price momentum. Stock is down -2.1% in last 30 days.

Size: It is a small market cap company and can be volatile.

Smart Money: Smart money looks to be reducing their stake in the stock.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Investor Care
Dividend Yield	0.53%
Shares Dilution (1Y)	0.00%
Earnings/Share (TTM)	6.81

Financial Health
Current Ratio	2.61
Debt/Equity	0.04

Technical Indicators
RSI (14d)	31.56
RSI (5d)	30.73
RSI (21d)	44.56
MACD Signal	Sell
Stochastic Oscillator Signal	Buy
Grufity Signal	Sell
RSI Signal	Hold
RSI5 Signal	Hold
RSI21 Signal	Hold
SMA 5 Signal	Sell
SMA 10 Signal	Sell
SMA 20 Signal	Sell
SMA 50 Signal	Sell
SMA 100 Signal	Sell

Summary of Latest Earnings Report from Elin Electronics

Summary of Elin Electronics's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated:

The management of Elin Electronics outlined a cautious yet strategic outlook for FY25, emphasizing operational efficiency, cost optimization, and growth in new product categories. Key points include:

Margin Improvement: Targeting EBITDA margin recovery to 7.5-8% through operational leverage, cost control, and capacity utilization (currently 45-70% across segments). Gross margins remain stable at ~24% due to backward integration.
Growth Drivers:
- Lighting: Exclusivity with Signify ended for certain products, enabling diversification into new customers (batons, troffers) and solar lighting.
- Fans: Ramping up TPW (table/pedestal/wall) fan production for domestic and export markets (USA order) and BLDC ceiling fans.
- New Products: Launching Oil-Filled Radiator (OFR) heaters, OTG (oven-toaster-grill), and localized chimneys to tap import substitution opportunities (e.g., OFR market: ~Rs.400 crore in India).
Professionalization: Strengthening leadership (new CEO, key hires) to enhance productivity and drive scale.
Cost & Capital Discipline: Reducing employee costs, optimizing working capital (68 days), and limiting FY25 CAPEX to Rs.20-25 crore (excluding potential Rajasthan facility).
Challenges: Price erosion in commoditized LED lighting and inflationary pressures on raw materials (steel, copper).

The management aims to leverage new product launches, expanded customer base, and operational improvements to rebound from FY24's muted performance (revenue: Rs.10.9 billion, down 4% YoY; PAT: Rs.139 million).

Q&A Session

Last updated:

Question 1: What were the financial highlights for Elin Electronics in Q4 FY24 and the full year?
Answer: Q4 revenue rose 3.5% YoY to Rs.2,778 million, with gross margins stable at 24%. Full-year EBITDA fell to Rs.406 million (from Rs.651 million in FY23) due to higher employee and operational costs. PAT for FY24 was Rs.139 million (down from Rs.268 million). Depreciation policy changes caused a Rs.27 million one-time impact. Net cash stood at Rs.828 million, with FY24 CAPEX at Rs.200 million.

Question 2: How did the lighting segment perform, and what are the growth strategies?
Answer: Lighting revenue declined due to LED price erosion, though volumes held steady. Exclusivity with Signify ended in April 2024, enabling expansion to new clients. New products like solar lighting and discussions with OEMs aim to revive growth. Price pressures may ease with raw material inflation, but innovation is key to sustaining margins.

Question 3: What updates were shared on the fan and motor businesses?
Answer: Fan revenue dipped due to ceiling fan demand weakness but offset by growth in TPW (table, pedestal, wall) fans. A new TPW order from a top OEM and a US export order (starting Q3 FY25) are expected to scale. BLDC fan orders were secured, with integration strengths highlighted. FHP motor revenue grew 6% YoY, driven by consumer durables.

Question 4: What are the plans for new product launches and diversification?
Answer: Medium appliances like Oven Toaster Grills (OTG) and Oil-Filled Radiators (OFR) are in development, targeting import substitution. OFR production (a Rs.400 crore market) is a priority, with revenue expected in FY25. Personal care products (sterilizers, hairbrushes) are launched, aiming for incremental growth.

Question 5: How is the company addressing margin pressures and operational efficiency?
Answer: Negative operating leverage from low capacity utilization (50"“70% across segments) impacted margins. Cost optimization, hiring professionals (e.g., new CEO), and improving utilization are focus areas. Targeting 7.5"“8% EBITDA margins (vs. 4.4% in FY24) via efficiency gains and scaling new products.

Question 6: What is the CAPEX outlook and growth guidance?
Answer: FY25 CAPEX guidance is Rs.200"“250 million for tools, moulds, and machinery. A 4-acre Rajasthan plant is under evaluation. Revenue potential at full utilization is ~Rs.1,500 crore, but growth hinges on new customer acquisition and product ramp-up. Updates on FY25"“26 growth will be provided next quarter.

Share Holdings

Understand Elin Electronics ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

Shareholder Name	Holding %
KAMAL SETHIA	9.22%
SBI MULTI ASSET ALLOCATION FUND	5.73%
KISHOR SETHIA	5.05%
GAURAV SETHIA	4.49%
PREM LATA SETHIA	3.77%
PRIYANKA SETHIA	2.56%
SANJEEV SETHIA	2.1%
ELIN APPLIANCES PRIVATE LIMITED	1.92%
MANJU SETHIA	1.89%
RAKESH SETHIA	1.68%
VASUDHA SETHIA	1.67%
RAGHAV SETHIA	1.58%
KANCHAN SETHIA	1.4%
SUMIT SETHIA	1.32%
PRADEEP SETHIA	1.26%
VINAY KUMAR SETHIA	1.18%
ALOK SETHIA	1.15%
DEEPAK SETHIA	1.13%
SANTOSH SETHIA	1.13%
RISHABH SETHIA	1.08%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Elin Electronics Better than it's peers?

Detailed comparison of Elin Electronics against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
		-	-	-	-	-	-	-	-

Sector Comparison: ELIN vs Consumer Durables

Comprehensive comparison against sector averages

Comparative Metrics

ELIN metrics compared to Consumer

Category	ELIN	Consumer
PE	25.00	56.58
PS	0.70	2.29
Growth	10.2 %	11.3 %

Performance Comparison

ELIN vs Consumer (2024 - 2025)

Key Insights

1. ELIN is NOT among the Top 10 largest companies in Household Appliances.
2. The company holds a market share of 1.3% in Household Appliances.
3. The company is growing at an average growth rate of other Household Appliances companies.

Income Statement for Elin Electronics

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023
Revenue From Operations	13.3%	1,180	1,042	1,075
Other Income	109.6%	18	9.11	2.27
Total Income	14.1%	1,199	1,051	1,078
Cost of Materials	14.1%	849	744	780
Purchases of stock-in-trade	82.4%	32	18	18
Employee Expense	12.2%	166	148	129
Finance costs	-7.6%	7.58	8.12	13
Depreciation and Amortization	14.3%	25	22	19
Other expenses	3.7%	86	83	85
Total Expenses	12.5%	1,160	1,031	1,042
Profit Before exceptional items and Tax	100%	39	20	36
Total profit before tax	100%	39	20	36
Current tax	25.8%	6.9	5.69	7.99
Deferred tax	246.6%	2.29	0.12	0.91
Total tax	70.3%	9.19	5.81	8.9
Total profit (loss) for period	115.4%	29	14	27
Other comp. income net of taxes	-1350%	-0.16	0.92	0.7
Total Comprehensive Income	100%	29	15	28
Earnings Per Share, Basic	168.9%	6.11	2.9	6.29
Earnings Per Share, Diluted	168.9%	6.11	2.9	6.29

Description	(%) Q/Q	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024
Revenue From Operations	-6.7%	295	316	266	305	286	278
Other Income	-80.1%	2.99	11	2.14	2.61	10	2.32
Total Income	-8.9%	298	327	268	307	296	280
Cost of Materials	-1.8%	215	219	192	225	212	195
Purchases of stock-in-trade	-70%	3.44	9.14	8.77	6.64	7.76	4.82
Employee Expense	5%	43	41	40	43	43	38
Finance costs	-8.1%	2.02	2.11	1.63	2	1.84	2.15
Depreciation and Amortization	-23.6%	5.86	7.36	6.07	5.48	5.71	7.47
Other expenses	-4.5%	22	23	20	21	21	22
Total Expenses	-6.2%	286	305	266	301	288	275
Profit Before exceptional items and Tax	-42.9%	13	22	1.99	6.44	8.06	5.11
Total profit before tax	-42.9%	13	22	1.99	6.44	8.06	5.11
Current tax	5.5%	2.53	2.45	0.85	1.46	2.14	2.4
Deferred tax	-119.3%	0.74	2.35	-0.26	0.2	0	-0.83
Total tax	-40%	3.28	4.8	0.6	1.66	2.14	1.57
Total profit (loss) for period	-47.6%	9.39	17	1.4	4.78	5.92	3.54
Other comp. income net of taxes	45.8%	-0.04	-0.92	0.25	0.52	-0.01	-0.03
Total Comprehensive Income	-44.3%	9.35	16	1.65	5.3	5.9	3.51
Earnings Per Share, Basic	-64.1%	1.93	3.59	0.29	1	1.24	0.74
Earnings Per Share, Diluted	-64.5%	1.92	3.59	0.29	1	1.24	0.74

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023
Revenue From Operations	13.2%	945	835	867
Other Income	12.2%	10	9.02	2.18
Total Income	13.2%	955	844	869
Cost of Materials	13.3%	658	581	610
Purchases of stock-in-trade	106.7%	32	16	18
Employee Expense	13%	140	124	106
Finance costs	-22.3%	6.23	7.73	13
Depreciation and Amortization	5.6%	20	19	16
Other expenses	5.6%	77	73	75
Total Expenses	12.4%	928	826	842
Profit Before exceptional items and Tax	52.9%	27	18	28
Total profit before tax	52.9%	27	18	28
Current tax	-12%	4.96	5.5	6.09
Deferred tax	210.6%	2.15	-0.04	0.44
Total tax	37.3%	7.11	5.45	6.53
Total profit (loss) for period	58.3%	20	13	21
Other comp. income net of taxes	-102.9%	-0.38	0.32	0.75
Total Comprehensive Income	58.3%	20	13	22
Earnings Per Share, Basic	94.9%	4.06	2.57	4.77
Earnings Per Share, Diluted	94.9%	4.06	2.57	4.77

Description	(%) Q/Q	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024
Revenue From Operations	-1.2%	241	244	225	237	231	218
Other Income	-32.7%	2.77	3.63	2.02	2.47	9.74	2.32
Total Income	-2%	243	248	227	240	241	220
Cost of Materials	1.2%	167	165	156	169	169	146
Purchases of stock-in-trade	-76.8%	2.77	8.64	8.7	6.43	7.75	4.7
Employee Expense	6.1%	36	34	34	36	36	32
Finance costs	-3.7%	1.79	1.82	1.34	1.45	1.62	2.08
Depreciation and Amortization	-24.2%	4.91	6.16	5.04	4.34	4.87	6.26
Other expenses	-5%	20	21	18	19	19	19
Total Expenses	-1.7%	232	236	223	235	234	217
Profit Before exceptional items and Tax	0%	12	12	3.8	4.86	6.75	3.75
Total profit before tax	0%	12	12	3.8	4.86	6.75	3.75
Current tax	682.4%	2.33	1.17	1.13	0.86	1.81	2.18
Deferred tax	-129.3%	0.73	1.92	-0.16	0.36	0.03	-0.96
Total tax	-1%	3.06	3.08	0.97	1.22	1.84	1.22
Total profit (loss) for period	1%	8.87	8.79	2.83	3.64	4.92	2.52
Other comp. income net of taxes	32.9%	-0.1	-0.64	0.09	0.29	-0.12	-0.12
Total Comprehensive Income	8.7%	8.77	8.15	2.91	3.93	4.8	2.41
Earnings Per Share, Basic	2.6%	1.79	1.77	0.57	0.73	0.99	0.51
Earnings Per Share, Diluted	1.3%	1.78	1.77	0.57	0.73	0.99	0.51

Balance Sheet for Elin Electronics

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	-112.6%	0.07	8.39	0.22	1.58	0.39
Current investments	3.1%	67	65	62	1.24	26
Loans, current	-	0	0	0	0.16	0.16
Total current financial assets	3.5%	328	317	299	291	326
Inventories	6.7%	128	120	111	134	123
Current tax assets	-	0	0	0.08	1.56	1.49
Total current assets	4.5%	470	450	423	441	461
Property, plant and equipment	5.2%	246	234	223	229	231
Capital work-in-progress	-24.4%	3.32	4.07	12	3.31	0.09
Goodwill	-	0	0	0	0	0.38
Non-current investments	0%	1.48	1.48	1.47	0.07	0.07
Total non-current financial assets	-41.4%	4.11	6.31	7.15	4.55	36
Total non-current assets	2.8%	258	251	246	242	273
Total assets	3.7%	728	702	669	683	734
Borrowings, non-current	-	0	0	0	0	40
Total non-current financial liabilities	6%	0.53	0.5	0.51	0	40
Provisions, non-current	-	0	0	0	1.25	0.97
Total non-current liabilities	18.2%	14	12	12	12	51
Borrowings, current	302.1%	24	6.72	11	20	38
Total current financial liabilities	3.8%	163	157	138	162	178
Provisions, current	-11.1%	4.3	4.71	3.97	2.94	2.48
Current tax liabilities	-	0.62	1	0.39	0.33	0.24
Total current liabilities	2.9%	180	175	154	174	190
Total liabilities	3.8%	194	187	166	186	241
Equity share capital	0%	24	24	24	24	24
Total equity	3.9%	534	514	503	497	493
Total equity and liabilities	3.7%	728	702	669	683	734

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	-112.8%	0.06	8.36	0.21	0.84	0.38
Current investments	4.8%	67	64	61	0.77	26
Loans, current	-	0	0	0	0.16	0.16
Total current financial assets	-3.7%	260	270	239	253	272
Inventories	17.6%	108	92	87	107	102
Current tax assets	-	0	-	0	1.42	1.49
Total current assets	1.4%	374	369	335	372	382
Property, plant and equipment	4.6%	206	197	185	191	198
Capital work-in-progress	-24.4%	3.32	4.07	12	3.26	0
Investment property	-	0	0	0	2	0
Goodwill	-	0	0	0	0	0.38
Non-current investments	-83.3%	1.4	3.4	3.4	0	2
Total non-current financial assets	-59.6%	3.98	8.37	9.01	4.41	38
Total non-current assets	1.4%	218	215	208	202	238
Total assets	1.7%	593	583	543	574	621
Borrowings, non-current	-	0	0	0	0	40
Total non-current financial liabilities	6%	0.53	0.5	0.51	0.53	40
Provisions, non-current	-	0	0	0	1.08	0.83
Total non-current liabilities	12.7%	11	9.87	9.42	10	49
Borrowings, current	2122.2%	11	1.45	0.73	11	25
Total current financial liabilities	-1.7%	117	119	88	118	139
Provisions, current	-11.7%	3.72	4.08	3.38	2.46	2.02
Current tax liabilities	-72.7%	0.62	0.78	0.39	0.33	0
Total current liabilities	-3%	131	135	104	139	149
Total liabilities	-0.7%	143	144	113	149	199
Equity share capital	0%	25	25	25	25	25
Total equity	2.5%	450	439	430	425	422
Total equity and liabilities	1.7%	593	583	543	574	621

Cash Flow for Elin Electronics

Consolidated figures (in Rs. Crores) / View Standalone Data

Finance costs	-7.6%
Change in inventories	-253.4%
Depreciation	14.3%
Impairment loss / reversal	-
Unrealised forex losses/gains	22.6%
Dividend income	-
Adjustments for interest income	-54.3%
Share-based payments	-
Net Cashflows from Operations	-51.1%
Income taxes paid (refund)	105.9%
Net Cashflows From Operating Activities	-61.9%
Proceeds from sales of PPE	-1.6%
Purchase of property, plant and equipment	25%
Proceeds from sales of investment property	-
Purchase of intangible assets	-
Proceeds from government grants	-121.8%
Cash receipts from repayment of advances and loans made to other parties	-19%
Interest received	-36.8%
Other inflows (outflows) of cash	-80%
Net Cashflows From Investing Activities	-163.9%
Proceeds from issuing shares	-
Proceeds from borrowings	-
Repayments of borrowings	-101.5%
Dividends paid	-126.5%
Interest paid	-7.5%
Income taxes paid (refund)	-
Other inflows (outflows) of cash	1.9%
Net Cashflows from Financing Activities	104.3%
Net change in cash and cash eq.	1.7%

Standalone figures (in Rs. Crores) / View Consolidated Data

Finance costs	-22.3%
Change in inventories	-255.8%
Depreciation	5.6%
Impairment loss / reversal	-
Unrealised forex losses/gains	-5.7%
Dividend income	-
Adjustments for interest income	-61.2%
Share-based payments	-
Net Cashflows from Operations	-33.3%
Income taxes paid (refund)	68.8%
Net Cashflows From Operating Activities	-42.4%
Proceeds from sales of PPE	-35.5%
Purchase of property, plant and equipment	22.2%
Proceeds from sales of investment property	-
Purchase of intangible assets	-
Proceeds from government grants	-121.8%
Cash receipts from repayment of advances and loans made to other parties	-19%
Interest received	-45.3%
Other inflows (outflows) of cash	-97.3%
Net Cashflows From Investing Activities	-160.9%
Proceeds from issuing shares	-
Proceeds from borrowings	-
Repayments of borrowings	-101.6%
Dividends paid	-125.3%
Interest paid	-22.5%
Income taxes paid (refund)	-
Other inflows (outflows) of cash	1.9%
Net Cashflows from Financing Activities	104.3%
Net change in cash and cash eq.	2.6%

What does Elin Electronics Limited do?

Household Appliances•Consumer Durables•Small Cap

Elin Electronics Limited provides design and manufacturing services for electric motors, tools, moulds, dies, kitchen appliances, personal care and lighting products, and automotive components in India and internationally. The company offers LED fittings fixture, solar device, LED flashlights, fans, light fitting/switch, mixer grinder, bar blender, hair straightener and dryer, trimmer, iron, and toasters. It also provides hand blender, wet grinder, chimney, air conditioner, heat convector, and TPW fans. In addition, the company offers plastic moulded sheet, metal parts, and components. Further, it provides sheet metal, plastic moulding parts, sole plates for irons, and stainless steel blades for mixer grinder. Additionally, the company manufactures medical diagnostic cartridges for use in diagnostic devices. Elin Electronics Limited serves original equipment manufacturers and original design manufacturers. The company was founded in 1969 and is based in New Delhi, India.

Industry Group:Consumer Durables

Employees:2,276

Website:www.elinindia.com

ELIN - Elin Electronics Limited Share Price

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

Risk & Volatility

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does Elin Electronics Limited do?