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Last Updated on: 18 February, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 543725 | NSE: ELIN

Elin Electronics Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 18, 2025, 5:57 am

Market Cap 635 Cr.
Current Price 128
High / Low 282/125
Stock P/E40.6
Book Value 104
Dividend Yield0.00 %
ROCE5.08 %
ROE2.75 %
Face Value 5.00
PEG Ratio-0.97

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

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 1,349 Cr. 175 343/17231.7 71.20.57 %21.7 %17.5 % 10.0
Elin Electronics Ltd 635 Cr. 128 282/12540.6 1040.00 %5.08 %2.75 % 5.00
CWD Ltd 354 Cr. 980 1,144/590193 91.40.00 %7.92 %4.56 % 10.0
Calcom Vision Ltd 143 Cr. 102 179/98.048.5 54.70.00 %6.38 %1.81 % 10.0
Whirlpool of India Ltd 12,682 Cr. 1,000 2,450/98238.4 2980.50 %9.07 %6.36 % 10.0
Industry Average16,946.67 Cr1,414.6154.82112.010.28%17.63%15.54%6.27

All Competitor Stocks of Elin Electronics Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales 258.52316.99294.12310.34202.25268.72253.83273.34236.71277.83293.58304.56
Expenses 242.42291.85282.94279.00189.05259.88244.03263.49228.22265.43280.33293.26
Operating Profit 16.1025.1411.1831.3413.208.849.809.858.4912.4013.2511.30
OPM % 6.23%7.93%3.80%10.10%6.53%3.29%3.86%3.60%3.59%4.46%4.51%3.71%
Other Income 0.100.140.230.060.141.842.732.111.952.322.362.61
Interest 2.873.773.304.123.102.552.751.331.892.151.842.00
Depreciation 3.673.764.294.074.395.864.854.764.777.475.715.48
Profit before tax 9.6617.753.8223.215.852.274.935.873.785.108.066.43
Tax % 28.26%27.21%18.06%25.85%21.71%29.52%23.53%33.22%29.89%30.78%26.55%25.82%
Net Profit 6.9312.923.1317.214.591.603.773.922.643.545.924.78
EPS in Rs 1.633.030.744.040.920.320.760.790.530.711.190.96

Last Updated: January 5, 2025, 8:13 am

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 4948297868621,0941,0751,0421,081
Expenses 4577717307961,0151,0101,0011,037
Operating Profit 3857556779654144
OPM % 8%7%7%8%7%6%4%4%
Other Income 11121299
Interest 9131210131387
Depreciation 1217201214192223
Profit before tax 1728244753362023
Tax % 24%19%24%27%26%25%30%
Net Profit 1523193539271416
EPS in Rs 24.3736.0126.1849.139.205.402.793.22
Dividend Payout % 0%0%0%0%10%18%35%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-2024
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:31%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-16%
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

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 657720242424
Reserves 139185202255283469479490
Borrowings 62867011410378127
Other Liabilities 7110984132127163154180
Total Liabilities 278385363508533734669702
Fixed Assets 84122134161188232224234
CWIP 200000124
Investments 261324141276366
Other Assets 165250205333343475370397
Total Assets 278385363508533734669702

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +442783-34576243
Cash from Investing Activity +-30-30-43-5-28-19736
Cash from Financing Activity +-5-4-3334-30131-79
Net Cash Flow9-77-4-1-4-0

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-24.00-29.00-15.00-47.00-24.00-13.0029.00

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 2024
Debtor Days61614277596770
Inventory Days56495367545752
Days Payable64554561445851
Cash Conversion Cycle53555083686571
Working Capital Days50503978666265
ROCE %17%13%17%17%10%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters32.93%32.97%32.97%32.98%32.99%33.41%33.41%33.41%
FIIs6.21%2.76%1.46%1.02%0.56%0.35%0.97%0.86%
DIIs13.15%18.76%14.38%13.66%11.93%11.90%13.10%12.58%
Public47.71%45.51%51.20%52.32%54.53%54.34%52.53%53.14%
No. of Shareholders1,14,47687,49788,00386,22583,78278,60771,51661,159

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Infrastructure Fund2,622,9511.3842.492,622,9512025-02-170%
SBI Magnum Childrens Benefit Fund - Investment Plan1,170,0000.9418.952,622,9512025-02-17-55.39%
Kotak Business Cycle Fund935,3110.6115.152,622,9512025-02-17-64.34%
SBI Multi Asset Allocation Fund681,5400.2412.372,622,9512025-02-17-74.02%
SBI Magnum Children Benefit Plan70,0001.121.272,622,9512025-02-17-97.33%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 5.005.005.0010.0010.00
Basic EPS (Rs.) 2.906.299.5939.0127.30
Diluted EPS (Rs.) 2.906.299.5939.0127.30
Cash EPS (Rs.) 7.459.4713.1172.5357.08
Book Value[Excl.RevalReserv]/Share (Rs.) 104.97102.8974.22345.78306.77
Book Value[Incl.RevalReserv]/Share (Rs.) 104.97102.8974.22345.78306.77
Revenue From Operations / Share (Rs.) 217.36224.39267.811266.951154.13
PBDIT / Share (Rs.) 10.3614.0619.57101.1982.83
PBIT / Share (Rs.) 5.8010.1716.0667.6753.05
PBT / Share (Rs.) 4.117.4512.9553.4535.92
Net Profit / Share (Rs.) 2.895.599.5939.0127.30
NP After MI And SOA / Share (Rs.)2.895.599.5939.0127.30
PBDIT Margin (%) 4.766.267.307.987.17
PBIT Margin (%) 2.664.535.995.344.59
PBT Margin (%) 1.883.314.834.213.11
Net Profit Margin (%) 1.332.493.583.072.36
NP After MI And SOA Margin (%)1.332.493.583.072.36
Return on Networth / Equity (%) 2.755.4312.9211.288.89
Return on Capital Employeed (%) 5.398.9518.8716.8914.46
Return On Assets (%) 2.073.657.355.615.11
Long Term Debt / Equity (X) 0.000.080.110.150.19
Total Debt / Equity (X) 0.020.150.330.390.28
Asset Turnover Ratio (%) 1.481.701.981.900.00
Current Ratio (X) 2.742.431.741.601.87
Quick Ratio (X) 2.031.781.091.031.17
Inventory Turnover Ratio (X) 6.366.425.775.770.00
Dividend Payout Ratio (NP) (%) 34.540.000.000.000.00
Dividend Payout Ratio (CP) (%) 13.410.000.000.000.00
Earning Retention Ratio (%) 65.460.000.000.000.00
Cash Earning Retention Ratio (%) 86.590.000.000.000.00
Interest Coverage Ratio (X) 6.125.166.297.124.84
Interest Coverage Ratio (Post Tax) (X) 2.713.054.083.742.59
Enterprise Value (Cr.) 615.19556.890.000.000.00
EV / Net Operating Revenue (X) 0.590.510.000.000.00
EV / EBITDA (X) 12.398.270.000.000.00
MarketCap / Net Operating Revenue (X) 0.610.530.000.000.00
Retention Ratios (%) 65.450.000.000.000.00
Price / BV (X) 1.271.170.000.000.00
Price / Net Operating Revenue (X) 0.610.530.000.000.00
EarningsYield 0.020.040.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Elin Electronics Ltd as of February 18, 2025 is: ₹94.75

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 February 18, 2025, Elin Electronics Ltd is Overvalued by 25.98% compared to the current share price ₹128.00

Intrinsic Value of Elin Electronics Ltd as of February 18, 2025 is: 54.94

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 February 18, 2025, Elin Electronics Ltd is Overvalued by 57.08% compared to the current share price ₹128.00

Last 5 Year EPS CAGR: -42.02%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (312.75 cr) compared to borrowings (66.50 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (371.88 cr) and profit (31.00 cr) over the years.
  1. The stock has a low average ROCE of 11.29%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 58.57, which may not be favorable.
  3. 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: 15.54%)
      • 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: 40.6 (Industry average Stock P/E: 51.17)
      • 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 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. 835.20 Cr. and Equity Capital is Rs. 24.83 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
Consumer Electronics4771, Bharat Ram Road, 23, Daryaganj delhi West Bengal 110002rkc@elinindia.com
http://www.elinindia.com
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
Mr. Kamal Singh BaidIndependent Director
Ms. Shilpa BaidIndependent Director

FAQ

What is Elin Electronics Ltd's true worth and is it a good investment?

Let's break down Elin Electronics Ltd's valuation simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 18 February 2025:

  • Calculated Fair Value: ₹94.75
  • Current Market Price: ₹128.00
  • Variance: 25.98% lower

This suggests Elin Electronics Ltd is currently overvalued by 25.98%. For context:

  • Market Cap: 635 Cr.
  • 52-Week Range: 282/125
  • Reserves (Sep 2024): ₹490 Cr
  • Liabilities: 702 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

What is the Market Cap of Elin Electronics Ltd?

The Market Cap of Elin Electronics Ltd is 635 Cr..

What is the current Stock Price of Elin Electronics Ltd as on 18 February 2025?

The current stock price of Elin Electronics Ltd as on 18 February 2025 is ₹128.

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 282/125.

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

The Stock P/E of Elin Electronics Ltd is 40.6.

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.

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