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Last Updated: April 2, 2026, 4:32 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543725 | NSE: ELIN

Elin Electronics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹50.84Overvalued by 51.58%vs CMP ₹105.00

P/E (12.7) × ROE (4.4%) × BV (₹112.00) × DY (2.00%)

₹102.11Fairly Valued by 2.75%vs CMP ₹105.00
MoS: -2.8% (Negative)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹49.6422%Over (-52.7%)
Graham NumberEarnings₹143.4916%Under (+36.7%)
Earnings PowerEarnings₹39.0913%Over (-62.8%)
DCFCash Flow₹82.9513%Over (-21%)
Net Asset ValueAssets₹111.227%Fair (+5.9%)
EV/EBITDAEnterprise₹151.589%Under (+44.4%)
Earnings YieldEarnings₹81.707%Over (-22.2%)
ROCE CapitalReturns₹160.799%Under (+53.1%)
Revenue MultipleRevenue₹236.905%Under (+125.6%)
Consensus (9 models)₹102.11100%Fairly Valued
Key Drivers: ROE 4.4% is below cost of equity. | Wide model spread (₹39–₹237) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -2.3%

*Investments are subject to market risks

Investment Snapshot

59
Elin Electronics Ltd scores 59/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 7.0% WeakROE 4.4% WeakD/E 0.39 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding up 0.27% (6mo) Slight increaseDII holding down 4.63% MF sellingPromoter holding at 33.0% Stable
Earnings Quality60/100 · Moderate
OPM stable around 4% SteadyWorking capital: 59 days (improving) Efficient
Quarterly Momentum80/100 · Strong
Revenue (4Q): +12% YoY GrowingProfit (4Q): +159% YoY Strong
Industry Rank40/100 · Moderate
P/E 12.7 vs industry 60.2 Cheaper than peersROCE 7.0% vs industry 14.9% Below peersROE 4.4% vs industry 11.5% Below peers3Y sales CAGR: 3% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:32 am

Market Cap 523 Cr.
Current Price 105
Intrinsic Value₹102.11
High / Low 234/93.6
Stock P/E12.7
Book Value 112
Dividend Yield0.00 %
ROCE6.97 %
ROE4.38 %
Face Value 5.00
PEG Ratio-5.41

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

View Share Price Target for Elin Electronics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Elin Electronics Ltd 523 Cr. 105 234/93.612.7 1120.00 %6.97 %4.38 % 5.00
CWD Ltd 599 Cr. 270 425/16270.3 47.90.00 %9.51 %5.78 % 10.0
Focus Lighting & Fixtures Ltd 422 Cr. 62.5 126/57.1116 21.40.00 %14.0 %11.3 % 2.00
BPL Ltd 218 Cr. 44.4 100/37.64.32 51.50.00 %7.85 %8.15 % 10.0
IKIO Lighting Ltd 882 Cr. 114 259/10446.4 74.50.00 %8.22 %5.55 % 10.0
Industry Average14,072.20 Cr923.2860.24124.510.23%14.89%11.51%6.44

All Competitor Stocks of Elin Electronics Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 202.25268.72253.83273.34236.71277.83293.58304.56266.32315.75295.48374.54293.52
Expenses 189.05259.88244.03263.49228.22265.43280.33293.26258.76295.50277.92354.18281.83
Operating Profit 13.208.849.809.858.4912.4013.2511.307.5620.2517.5620.3611.69
OPM % 6.53%3.29%3.86%3.60%3.59%4.46%4.51%3.71%2.84%6.41%5.94%5.44%3.98%
Other Income 0.141.842.732.111.952.322.362.612.1411.242.991.770.78
Interest 3.102.552.751.331.892.151.842.001.632.112.022.231.65
Depreciation 4.395.864.854.764.777.475.715.486.077.365.866.036.00
Profit before tax 5.852.274.935.873.785.108.066.432.0022.0212.6713.874.82
Tax % 21.71%29.52%23.53%33.22%29.89%30.78%26.55%25.82%29.50%21.80%25.89%25.74%24.07%
Net Profit 4.591.603.773.922.643.545.924.781.4017.229.3910.303.66
EPS in Rs 0.920.320.760.790.530.711.190.960.283.471.892.070.74

Last Updated: March 3, 2026, 10:06 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:45 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4948297868621,0941,0751,0421,1801,279
Expenses 4577717307961,0151,0101,0011,1281,209
Operating Profit 385755677965415270
OPM % 8%7%7%8%7%6%4%4%5%
Other Income 11121291817
Interest 91312101313888
Depreciation 121720121419222525
Profit before tax 172824475336203953
Tax % 24%19%24%27%26%25%30%24%
Net Profit 152319353927142941
EPS in Rs 24.3736.0126.1849.139.205.402.795.908.17
Dividend Payout % 0%0%0%0%10%18%35%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)53.33%-17.39%84.21%11.43%-30.77%-48.15%107.14%
Change in YoY Net Profit Growth (%)0.00%-70.72%101.60%-72.78%-42.20%-17.38%155.29%

Elin Electronics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:8%
3 Years:3%
TTM:9%
Compounded Profit Growth
10 Years:%
5 Years:4%
3 Years:-17%
TTM:105%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-23%
Return on Equity
10 Years:%
5 Years:7%
3 Years:4%
Last Year:4%

Last Updated: September 5, 2025, 3:21 pm

Balance Sheet

Last Updated: December 4, 2025, 2:49 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 65772024242424
Reserves 139185202255283469479510530
Borrowings 62867011410378122415
Other Liabilities 7110984132127163154170245
Total Liabilities 278385363508533734669728815
Fixed Assets 84122134161188232224246248
CWIP 20000012311
Investments 261324141276369102
Other Assets 165250205333343475370410454
Total Assets 278385363508533734669728815

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 442783-3457624317
Cash from Investing Activity + -30-30-43-5-28-19736-21
Cash from Financing Activity + -5-4-3334-30131-794
Net Cash Flow 9-77-4-1-4-0-0
Free Cash Flow 24-251-52161218-21
CFO/OP 125%58%161%-40%91%112%114%45%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-24.00-29.00-15.00-47.00-24.00-13.0029.0028.00

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

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 6161427759677070
Inventory Days 5649536754575253
Days Payable 6455456144585152
Cash Conversion Cycle 5355508368657171
Working Capital Days 3032304544497259
ROCE %17%13%17%17%10%5%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 32.97%32.97%32.98%32.99%33.41%33.41%33.41%33.41%32.98%32.98%32.98%32.98%
FIIs 2.76%1.46%1.02%0.56%0.35%0.97%0.86%0.38%0.41%0.69%0.78%0.68%
DIIs 18.76%14.38%13.66%11.93%11.90%13.10%12.58%12.06%10.77%7.60%5.53%6.14%
Public 45.51%51.20%52.32%54.53%54.34%52.53%53.14%54.15%55.84%58.73%60.71%60.20%
No. of Shareholders 87,49788,00386,22583,78278,60771,51661,15960,74760,20858,08554,16652,411

Shareholding Pattern Chart

No. of Shareholders

Elin Electronics Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Multi Asset Allocation Fund 781 0.05 6587.24658,7242026-03-29 11:42:08-99.88%
SBI Childrens Fund - Investment Plan 1,152,853 0.28 14.841,170,0002026-03-23 05:20:40-1.47%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.0010.00
Basic EPS (Rs.) 6.112.906.299.5939.01
Diluted EPS (Rs.) 6.112.906.299.5939.01
Cash EPS (Rs.) 11.077.459.4713.1172.53
Book Value[Excl.RevalReserv]/Share (Rs.) 109.68104.97102.8974.22345.78
Book Value[Incl.RevalReserv]/Share (Rs.) 109.68104.97102.8974.22345.78
Revenue From Operations / Share (Rs.) 242.32217.36224.39267.811266.95
PBDIT / Share (Rs.) 14.5210.3614.0619.57101.19
PBIT / Share (Rs.) 9.465.8010.1716.0667.67
PBT / Share (Rs.) 7.914.117.4512.9553.45
Net Profit / Share (Rs.) 6.022.895.599.5939.01
NP After MI And SOA / Share (Rs.) 6.022.895.599.5939.01
PBDIT Margin (%) 5.994.766.267.307.98
PBIT Margin (%) 3.902.664.535.995.34
PBT Margin (%) 3.261.883.314.834.21
Net Profit Margin (%) 2.481.332.493.583.07
NP After MI And SOA Margin (%) 2.481.332.493.583.07
Return on Networth / Equity (%) 5.482.755.4312.9211.28
Return on Capital Employeed (%) 8.415.398.9518.8716.89
Return On Assets (%) 4.022.073.657.355.61
Long Term Debt / Equity (X) 0.000.000.080.110.15
Total Debt / Equity (X) 0.040.020.150.330.39
Asset Turnover Ratio (%) 1.691.481.701.981.90
Current Ratio (X) 2.612.742.431.741.60
Quick Ratio (X) 1.902.031.781.091.03
Inventory Turnover Ratio (X) 9.906.366.425.775.77
Dividend Payout Ratio (NP) (%) 0.0034.540.000.000.00
Dividend Payout Ratio (CP) (%) 0.0013.410.000.000.00
Earning Retention Ratio (%) 0.0065.460.000.000.00
Cash Earning Retention Ratio (%) 0.0086.590.000.000.00
Interest Coverage Ratio (X) 9.326.125.166.297.12
Interest Coverage Ratio (Post Tax) (X) 4.872.713.054.083.74
Enterprise Value (Cr.) 571.28615.19556.890.000.00
EV / Net Operating Revenue (X) 0.480.590.510.000.00
EV / EBITDA (X) 8.0812.398.270.000.00
MarketCap / Net Operating Revenue (X) 0.490.610.530.000.00
Retention Ratios (%) 0.0065.450.000.000.00
Price / BV (X) 1.081.271.170.000.00
Price / Net Operating Revenue (X) 0.490.610.530.000.00
EarningsYield 0.050.020.040.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Delhi, India. Company's Corporate Identification Number(CIN) is L29304DL1982PLC428372 and registration number is 428372. 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. 944.95 Cr. and Equity Capital is Rs. 24.83 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Consumer Electronics4771, Bharat Ram Road, 23 Darya Ganj, New Delhi Delhi 110002Contact not found
Management
NamePosition Held
Mr. Mangi Lall SethiaChairman & Wholetime Director
Mr. Kamal SethiaManaging Director
Mr. Sanjeev SethiaWhole Time Director
Mr. Sumit SethiaWhole Time Director
Mr. Ashis Chandra GuhaIndependent Director
Dr. Shanti Lal SarnotIndependent Director
Ms. Priyanka JainIndependent Director
Ms. Shilpa BaidIndependent Director

FAQ

What is the intrinsic value of Elin Electronics Ltd and is it undervalued?

As of 14 April 2026, Elin Electronics Ltd's intrinsic value is ₹102.11, which is 2.75% lower than the current market price of ₹105.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (4.38 %), book value (₹112), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Elin Electronics Ltd?

Elin Electronics Ltd is trading at ₹105.00 as of 14 April 2026, with a FY2026-2027 high of ₹234 and low of ₹93.6. The stock is currently near its 52-week low. Market cap stands at ₹523 Cr..

How does Elin Electronics Ltd's P/E ratio compare to its industry?

Elin Electronics Ltd has a P/E ratio of 12.7, which is below the industry average of 60.24. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Elin Electronics Ltd financially healthy?

Key indicators for Elin Electronics Ltd: ROCE of 6.97 % is on the lower side compared to the industry average of 14.89%; ROE of 4.38 % is below ideal levels (industry average: 11.51%). Dividend yield is 0.00 %.

Is Elin Electronics Ltd profitable and how is the profit trend?

Elin Electronics Ltd reported a net profit of ₹29 Cr in Mar 2025 on revenue of ₹1,180 Cr. Compared to ₹39 Cr in Mar 2022, the net profit shows a declining trend.

Does Elin Electronics Ltd pay dividends?

Elin Electronics Ltd has a dividend yield of 0.00 % at the current price of ₹105.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Elin Electronics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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