Elin Electronics Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 26, 2024, 8:52 pm

Market Cap	1,034 Cr.
Current Price	209
High / Low	282/129
Stock P/E	61.3
Book Value	104
Dividend Yield	0.00 %
ROCE	5.08 %
ROE	2.75 %
Face Value	5.00
PEG Ratio	-1.46

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Elin Electronics Ltd

Competitors of Elin Electronics Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
IKIO Lighting Ltd	1,951 Cr.	252	343/245	36.3	71.2	0.40 %	21.7 %	17.5 %	10.0
Elin Electronics Ltd	1,034 Cr.	209	282/129	61.3	104	0.00 %	5.08 %	2.75 %	5.00
CWD Ltd	286 Cr.	791	1,144/590	156	91.4	0.00 %	7.92 %	4.56 %	10.0
Calcom Vision Ltd	166 Cr.	119	184/104	213	56.5	0.00 %	6.38 %	1.81 %	10.0
Whirlpool of India Ltd	23,787 Cr.	1,872	2,450/1,186	75.7	298	0.27 %	9.07 %	6.36 %	10.0
Industry Average	21,166.53 Cr	1,792.01		79.56	112.20	0.21%	17.63%	15.51%	6.27

All Competitor Stocks of Elin Electronics Ltd

Quarterly Result

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	258.52	316.99	294.12	310.34	202.25	268.72	253.83	273.34	236.71	277.83	293.58
Expenses	242.42	291.85	282.94	279.00	189.05	259.88	244.03	263.49	228.22	265.43	280.33
Operating Profit	16.10	25.14	11.18	31.34	13.20	8.84	9.80	9.85	8.49	12.40	13.25
OPM %	6.23%	7.93%	3.80%	10.10%	6.53%	3.29%	3.86%	3.60%	3.59%	4.46%	4.51%
Other Income	0.10	0.14	0.23	0.06	0.14	1.84	2.73	2.11	1.95	2.32	2.36
Interest	2.87	3.77	3.30	4.12	3.10	2.55	2.75	1.33	1.89	2.15	1.84
Depreciation	3.67	3.76	4.29	4.07	4.39	5.86	4.85	4.76	4.77	7.47	5.71
Profit before tax	9.66	17.75	3.82	23.21	5.85	2.27	4.93	5.87	3.78	5.10	8.06
Tax %	28.26%	27.21%	18.06%	25.85%	21.71%	29.52%	23.53%	33.22%	29.89%	30.78%	26.55%
Net Profit	6.93	12.92	3.13	17.21	4.59	1.60	3.77	3.92	2.64	3.54	5.92
EPS in Rs	1.63	3.03	0.74	4.04	0.92	0.32	0.76	0.79	0.53	0.71	1.19

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:32 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	494	829	786	862	1,094	1,075	1,042	1,081
Expenses	457	771	730	796	1,015	1,010	1,001	1,037
Operating Profit	38	57	55	67	79	65	41	44
OPM %	8%	7%	7%	8%	7%	6%	4%	4%
Other Income	1	1	1	2	1	2	9	9
Interest	9	13	12	10	13	13	8	7
Depreciation	12	17	20	12	14	19	22	23
Profit before tax	17	28	24	47	53	36	20	23
Tax %	24%	19%	24%	27%	26%	25%	30%
Net Profit	15	23	19	35	39	27	14	16
EPS in Rs	24.37	36.01	26.18	49.13	9.20	5.40	2.79	3.22
Dividend Payout %	0%	0%	0%	0%	10%	18%	35%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	53.33%	-17.39%	84.21%	11.43%	-30.77%	-48.15%
Change in YoY Net Profit Growth (%)	0.00%	-70.72%	101.60%	-72.78%	-42.20%	-17.38%

Elin Electronics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	5%
3 Years:	7%
TTM:	11%

Compounded Profit Growth
10 Years:	%
5 Years:	-10%
3 Years:	-26%
TTM:	22%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	41%

Return on Equity
10 Years:	%
5 Years:	8%
3 Years:	7%
Last Year:	3%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:34 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	6	5	7	7	20	24	24	24
Reserves	139	185	202	255	283	469	479	490
Borrowings	62	86	70	114	103	78	12	7
Other Liabilities	71	109	84	132	127	163	154	180
Total Liabilities	278	385	363	508	533	734	669	702
Fixed Assets	84	122	134	161	188	232	224	234
CWIP	2	0	0	0	0	0	12	4
Investments	26	13	24	14	1	27	63	66
Other Assets	165	250	205	333	343	475	370	397
Total Assets	278	385	363	508	533	734	669	702

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	44	27	83	-34	57	62	43
Cash from Investing Activity +	-30	-30	-43	-5	-28	-197	36
Cash from Financing Activity +	-5	-4	-33	34	-30	131	-79
Net Cash Flow	9	-7	7	-4	-1	-4	-0

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-24.00	-29.00	-15.00	-47.00	-24.00	-13.00	29.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	61	61	42	77	59	67	70
Inventory Days	56	49	53	67	54	57	52
Days Payable	64	55	45	61	44	58	51
Cash Conversion Cycle	53	55	50	83	68	65	71
Working Capital Days	50	50	39	78	66	62	65
ROCE %		17%	13%	17%	17%	10%	5%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	32.93%	32.97%	32.97%	32.98%	32.99%	33.41%	33.41%	33.41%
FIIs	6.21%	2.76%	1.46%	1.02%	0.56%	0.35%	0.97%	0.86%
DIIs	13.15%	18.76%	14.38%	13.66%	11.93%	11.90%	13.10%	12.58%
Public	47.71%	45.51%	51.20%	52.32%	54.53%	54.34%	52.53%	53.14%
No. of Shareholders	1,14,476	87,497	88,003	86,225	83,782	78,607	71,516	61,159

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Infrastructure Fund	2,622,951	1.38	42.49	1,170,000	2024-12-24	124.18%
SBI Magnum Childrens Benefit Fund - Investment Plan	1,170,000	0.94	18.95	1,170,000	2024-12-24	0%
Kotak Business Cycle Fund	935,311	0.61	15.15	1,170,000	2024-12-24	-20.06%
SBI Multi Asset Allocation Fund	681,540	0.24	12.37	1,170,000	2024-12-24	-41.75%
SBI Magnum Children Benefit Plan	70,000	1.12	1.27	1,170,000	2024-12-24	-94.02%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	10.00	10.00
Basic EPS (Rs.)	2.90	6.29	9.59	39.01	27.30
Diluted EPS (Rs.)	2.90	6.29	9.59	39.01	27.30
Cash EPS (Rs.)	7.45	9.47	13.11	72.53	57.08
Book Value[Excl.RevalReserv]/Share (Rs.)	104.97	102.89	74.22	345.78	306.77
Book Value[Incl.RevalReserv]/Share (Rs.)	104.97	102.89	74.22	345.78	306.77
Revenue From Operations / Share (Rs.)	217.36	224.39	267.81	1266.95	1154.13
PBDIT / Share (Rs.)	10.36	14.06	19.57	101.19	82.83
PBIT / Share (Rs.)	5.80	10.17	16.06	67.67	53.05
PBT / Share (Rs.)	4.11	7.45	12.95	53.45	35.92
Net Profit / Share (Rs.)	2.89	5.59	9.59	39.01	27.30
NP After MI And SOA / Share (Rs.)	2.89	5.59	9.59	39.01	27.30
PBDIT Margin (%)	4.76	6.26	7.30	7.98	7.17
PBIT Margin (%)	2.66	4.53	5.99	5.34	4.59
PBT Margin (%)	1.88	3.31	4.83	4.21	3.11
Net Profit Margin (%)	1.33	2.49	3.58	3.07	2.36
NP After MI And SOA Margin (%)	1.33	2.49	3.58	3.07	2.36
Return on Networth / Equity (%)	2.75	5.43	12.92	11.28	8.89
Return on Capital Employeed (%)	5.39	8.95	18.87	16.89	14.46
Return On Assets (%)	2.07	3.65	7.35	5.61	5.11
Long Term Debt / Equity (X)	0.00	0.08	0.11	0.15	0.19
Total Debt / Equity (X)	0.02	0.15	0.33	0.39	0.28
Asset Turnover Ratio (%)	1.48	1.70	1.98	1.90	0.00
Current Ratio (X)	2.74	2.43	1.74	1.60	1.87
Quick Ratio (X)	2.03	1.78	1.09	1.03	1.17
Inventory Turnover Ratio (X)	6.36	6.42	5.77	5.77	0.00
Dividend Payout Ratio (NP) (%)	34.54	0.00	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	13.41	0.00	0.00	0.00	0.00
Earning Retention Ratio (%)	65.46	0.00	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	86.59	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	6.12	5.16	6.29	7.12	4.84
Interest Coverage Ratio (Post Tax) (X)	2.71	3.05	4.08	3.74	2.59
Enterprise Value (Cr.)	615.19	556.89	0.00	0.00	0.00
EV / Net Operating Revenue (X)	0.59	0.51	0.00	0.00	0.00
EV / EBITDA (X)	12.39	8.27	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	0.61	0.53	0.00	0.00	0.00
Retention Ratios (%)	65.45	0.00	0.00	0.00	0.00
Price / BV (X)	1.27	1.17	0.00	0.00	0.00
Price / Net Operating Revenue (X)	0.61	0.53	0.00	0.00	0.00
EarningsYield	0.02	0.04	0.00	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Elin Electronics Ltd as of December 26, 2024 is: 178.82

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 26, 2024, Elin Electronics Ltd is Overvalued by 14.44% compared to the current share price 209.00

Intrinsic Value of Elin Electronics Ltd as of December 26, 2024 is: 103.69

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 26, 2024, Elin Electronics Ltd is Overvalued by 50.39% compared to the current share price 209.00

Last 5 Year EPS CAGR: -42.02%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (312.75 cr) compared to borrowings (66.50 cr), indicating strong financial stability. The company has shown consistent growth in sales (371.88 cr) and profit (31.00 cr) over the years.	The stock has a low average ROCE of 11.29%, which may not be favorable. The stock has a high average Working Capital Days of 58.57, which may not be favorable. The stock has a high average Cash Conversion Cycle of 63.57, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Elin Electronics Ltd:
1. Net Profit Margin: 1.33%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 5.39% (Industry Average ROCE: 17.63%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 2.75% (Industry Average ROE: 15.51%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.71
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.03
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 61.3 (Industry average Stock P/E: 74.26)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.02
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Elin Electronics Ltd. is a Public Limited Listed company incorporated on 26/03/1982 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is U29304WB1982PLC034725 and registration number is 034725. Currently Company is involved in the business activities of Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment. Company’s Total Operating Revenue is Rs. 891.61 Cr. and Equity Capital is Rs. 21.29 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Consumer Electronics	4771, Bharat Ram Road, 23, Daryaganj delhi West Bengal 110002	rkc@elinindia.com http://www.elinindia.com

Management
Name	Position Held
Mr. Mangi Lall Sethia	Chairman & Wholetime Director
Mr. Kamal Sethia	Managing Director
Mr. Sanjeev Sethia	Whole Time Director
Mr. Sumit Sethia	Whole Time Director
Mr. Ashis Chandra Guha	Independent Director
Dr. Shanti Lal Sarnot	Independent Director
Mr. Kamal Singh Baid	Independent Director
Ms. Shilpa Baid	Independent Director

FAQ

What is the latest intrinsic value of Elin Electronics Ltd?

The latest intrinsic value of Elin Electronics Ltd as on 26 December 2024 is ₹178.82, which is 14.44% lower than the current market price of ₹209.00. The stock has a market capitalization of 1,034 Cr. and recorded a high/low of 282/129 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹490 Cr and total liabilities of ₹702 Cr.

What is the Market Cap of Elin Electronics Ltd?

The Market Cap of Elin Electronics Ltd is 1,034 Cr..

What is the current Stock Price of Elin Electronics Ltd as on 26 December 2024?

The current stock price of Elin Electronics Ltd as on 26 December 2024 is 209.

What is the High / Low of Elin Electronics Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Elin Electronics Ltd stocks is 282/129.

What is the Stock P/E of Elin Electronics Ltd?

The Stock P/E of Elin Electronics Ltd is 61.3.

What is the Book Value of Elin Electronics Ltd?

The Book Value of Elin Electronics Ltd is 104.

What is the Dividend Yield of Elin Electronics Ltd?

The Dividend Yield of Elin Electronics Ltd is 0.00 %.

What is the ROCE of Elin Electronics Ltd?

The ROCE of Elin Electronics Ltd is 5.08 %.

What is the ROE of Elin Electronics Ltd?

The ROE of Elin Electronics Ltd is 2.75 %.

What is the Face Value of Elin Electronics Ltd?

The Face Value of Elin Electronics Ltd is 5.00.