Consumer Durables
Valuation | |
|---|---|
| Market Cap | 798.57 Cr |
| Price/Earnings (Trailing) | 19.19 |
| Price/Sales (Trailing) | 0.62 |
| EV/EBITDA | 9.3 |
| Price/Free Cashflow | -41.13 |
| MarketCap/EBT | 14.96 |
| Enterprise Value | 805.91 Cr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 7.2% |
| Price Change 1M | 2% |
| Price Change 6M | -6.2% |
| Price Change 1Y | -0.60% |
| 3Y Cumulative Return | -5.3% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -21.36 Cr |
| Cash Flow from Operations (TTM) |
| Revenue (TTM) |
| 1.3 kCr |
| Rev. Growth (Yr) | 10% |
| Earnings (TTM) | 40.58 Cr |
| Earnings Growth (Yr) | 161.8% |
Profitability | |
|---|---|
| Operating Margin | 4% |
| EBT Margin | 4% |
| Return on Equity | 7.32% |
| Return on Assets | 4.98% |
| Free Cashflow Yield | -2.43% |
| 16.74 Cr |
| Cash Flow from Financing (TTM) | 4.48 Cr |
| Cash & Equivalents | 7.5 Cr |
| Free Cash Flow (TTM) | -23.82 Cr |
| Free Cash Flow/Share (TTM) | -4.8 |
Balance Sheet | |
|---|---|
| Total Assets | 815.02 Cr |
| Total Liabilities | 260.54 Cr |
| Shareholder Equity | 554.49 Cr |
| Current Assets | 546.53 Cr |
| Current Liabilities | 245.54 Cr |
| Net PPE | 248.4 Cr |
| Inventory | 149.49 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.02 |
| Debt/Equity | 0.03 |
| Interest Coverage | 5.67 |
| Interest/Cashflow Ops | 3.16 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend Yield | 0.53% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Past Returns: Underperforming stock! In past three years, the stock has provided -5.3% return compared to 13.2% by NIFTY 50.
Size: It is a small market cap company and can be volatile.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Past Returns: Underperforming stock! In past three years, the stock has provided -5.3% return compared to 13.2% by NIFTY 50.
Size: It is a small market cap company and can be volatile.
Investor Care | |
|---|---|
| Dividend Yield | 0.53% |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 8.38 |
Financial Health | |
|---|---|
| Current Ratio | 2.23 |
| Debt/Equity | 0.03 |
Technical Indicators | |
|---|---|
| RSI (14d) | 53.76 |
| RSI (5d) | 74.72 |
| RSI (21d) | 50.87 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
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.
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:
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).
Understand Elin Electronics ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| KAMAL SETHIA | 9.22% |
| KISHOR SETHIA | 5.05% |
| GAURAV SETHIA | 4.49% |
| PREM LATA SETHIA | 3.77% |
| SBI MULTI ASSET ALLOCATION FUND | 3.72% |
| PRIYANKA SETHIA | 2.56% |
| KHAZANA TRADELINKS PVT LTD | 2.55% |
Detailed comparison of Elin Electronics against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Comprehensive comparison against sector averages
ELIN metrics compared to Consumer
| Category | ELIN | Consumer |
|---|---|---|
| PE | 19.19 | 62.21 |
| PS | 0.62 | 2.23 |
| Growth | 12.6 % | 4.8 % |
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.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
ELIN vs Consumer (2024 - 2026)
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.
| SANJEEV SETHIA | 2.1% |
| ELIN APPLIANCES PRIVATE LIMITED | 1.92% |
| MANJU SETHIA | 1.89% |
| VASUDHA SETHIA | 1.67% |
| RAKESH SETHIA | 1.66% |
| RAGHAV SETHIA | 1.55% |
| KANCHAN SETHIA | 1.4% |
| SUMIT SETHIA | 1.32% |
| VINAY KUMAR SETHIA | 1.18% |
| SUBHKAM VENTURES I PRIVATE LIMITED | 1.16% |
| PRADEEP SETHIA | 1.16% |
| ALOK SETHIA | 1.15% |
| DEEPAK SETHIA | 1.13% |
Distribution across major stakeholders
Distribution across major institutional holders
| -20.2% |
| 289 |
| 362 |
| 286 |
| 305 |
| 266 |
| 301 |
| Profit Before exceptional items and Tax | -63.5% | 5.74 | 14 | 13 | 22 | 1.99 | 6.44 |
| Exceptional items before tax | - | -0.91 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -70.6% | 4.82 | 14 | 13 | 22 | 1.99 | 6.44 |
| Current tax | -123% | 0.48 | 3.26 | 2.53 | 2.45 | 0.85 | 1.46 |
| Deferred tax | 53.6% | 0.68 | 0.31 | 0.74 | 2.35 | -0.26 | 0.2 |
| Total tax | -93.8% | 1.16 | 3.57 | 3.28 | 4.8 | 0.6 | 1.66 |
| Total profit (loss) for period | -70.4% | 3.66 | 10 | 9.39 | 17 | 1.4 | 4.78 |
| Other comp. income net of taxes | -8.3% | -0.04 | 0.04 | -0.04 | -0.92 | 0.25 | 0.52 |
| Total Comprehensive Income | -70.8% | 3.63 | 10 | 9.35 | 16 | 1.65 | 5.3 |
| Earnings Per Share, Basic | -122.5% | 0.75 | 2.11 | 1.93 | 3.59 | 0.29 | 1 |
| Earnings Per Share, Diluted | -122.5% | 0.75 | 2.11 | 1.92 | 3.59 | 0.29 | 1 |
| 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 |
| 207 |
| 206 |
| 197 |
| 185 |
| 191 |
| 198 |
| Capital work-in-progress | 331% | 11 | 3.32 | 4.07 | 12 | 3.26 | 0 |
| Investment property | - | 0 | 0 | 0 | 0 | 2 | 0 |
| Goodwill | - | 0 | 0 | 0 | 0 | 0 | 0.38 |
| Non-current investments | -25% | 1.3 | 1.4 | 3.4 | 3.4 | 0 | 2 |
| Total non-current financial assets | -9.7% | 3.69 | 3.98 | 8.37 | 9.01 | 4.41 | 38 |
| Total non-current assets | 4.1% | 227 | 218 | 215 | 208 | 202 | 238 |
| Total assets | 12.5% | 667 | 593 | 583 | 543 | 574 | 621 |
| Borrowings, non-current | - | 0 | 0 | 0 | 0 | 0 | 40 |
| Total non-current financial liabilities | -2.1% | 0.52 | 0.53 | 0.5 | 0.51 | 0.53 | 40 |
| Provisions, non-current | - | 0 | 0 | 0 | 0 | 1.08 | 0.83 |
| Total non-current liabilities | 10% | 12 | 11 | 9.87 | 9.42 | 10 | 49 |
| Borrowings, current | 40% | 15 | 11 | 1.45 | 0.73 | 11 | 25 |
| Total current financial liabilities | 44.8% | 169 | 117 | 119 | 88 | 118 | 139 |
| Provisions, current | -21% | 3.15 | 3.72 | 4.08 | 3.38 | 2.46 | 2.02 |
| Current tax liabilities | 334.2% | 1.89 | 0.62 | 0.78 | 0.39 | 0.33 | 0 |
| Total current liabilities | 42.3% | 186 | 131 | 135 | 104 | 139 | 149 |
| Total liabilities | 38.7% | 198 | 143 | 144 | 113 | 149 | 199 |
| Equity share capital | 0% | 25 | 25 | 25 | 25 | 25 | 25 |
| Total equity | 4% | 468 | 450 | 439 | 430 | 425 | 422 |
| Total equity and liabilities | 12.5% | 667 | 593 | 583 | 543 | 574 | 621 |
| -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% |