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Last Updated: April 2, 2026, 4:32 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 517477 | NSE: ELNET

Elnet Technologies Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹244.68Overvalued by 19.78%vs CMP ₹305.00

P/E (6.2) × ROE (11.9%) × BV (₹414.00) × DY (0.62%)

₹450.58Undervalued by 47.73%vs CMP ₹305.00
MoS: +32.3% (Strong)Confidence: 53/100 (Moderate)Models: 6 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹267.8022%Over (-12.2%)
Graham NumberEarnings₹679.0416%Under (+122.6%)
Earnings PowerEarnings₹337.2213%Under (+10.6%)
DCFCash Flow₹802.6313%Under (+163.2%)
Net Asset ValueAssets₹415.007%Under (+36.1%)
EV/EBITDAEnterprise₹330.009%Fair (+8.2%)
Earnings YieldEarnings₹495.007%Under (+62.3%)
ROCE CapitalReturns₹496.907%Under (+62.9%)
Revenue MultipleRevenue₹57.505%Over (-81.1%)
Consensus (9 models)₹450.58100%Undervalued
Key Drivers: Wide model spread (₹58–₹803) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 9.4%

*Investments are subject to market risks

Investment Snapshot

62
Elnet Technologies Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 15.4% GoodROE 11.9% AverageD/E 0.09 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 52.9% Stable
Earnings Quality60/100 · Moderate
OPM stable around 66% SteadyWorking capital: -137 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Revenue (4Q): 1% YoY FlatProfit (4Q): +17% YoY Positive
Industry Rank60/100 · Moderate
P/E 6.2 vs industry 98.1 Cheaper than peersROCE 15.4% vs industry 14.9% Average3Y sales CAGR: 1% 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 122 Cr.
Current Price 305
Intrinsic Value₹450.58
High / Low 411/285
Stock P/E6.17
Book Value 414
Dividend Yield0.62 %
ROCE15.4 %
ROE11.9 %
Face Value 10.0
PEG Ratio0.65

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

View Share Price Target for Elnet Technologies Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Elnet Technologies Ltd 122 Cr. 305 411/2856.17 4140.62 %15.4 %11.9 % 10.0
Visesh Infotecnics Ltd 125 Cr. 0.33 / 1.110.00 %2.21 %2.23 % 1.00
Empower India Ltd 126 Cr. 1.08 2.74/1.0331.6 2.640.00 %1.78 %1.73 % 1.00
AAA Technologies Ltd 118 Cr. 92.0 137/70.534.6 24.11.63 %16.0 %11.9 % 10.0
Xelpmoc Design and Tech Ltd 131 Cr. 89.0 165/80.0 52.10.00 %13.0 %13.4 % 10.0
Industry Average17,316.11 Cr418.4898.13120.780.77%14.90%21.00%6.77

All Competitor Stocks of Elnet Technologies Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 6.426.466.726.766.785.895.896.035.885.236.096.256.45
Expenses 2.243.002.352.052.082.102.241.972.002.092.312.102.10
Operating Profit 4.183.464.374.714.703.793.654.063.883.143.784.154.35
OPM % 65.11%53.56%65.03%69.67%69.32%64.35%61.97%67.33%65.99%60.04%62.07%66.40%67.44%
Other Income 1.561.671.582.142.202.362.302.442.483.002.632.852.61
Interest 0.300.060.160.150.170.180.120.120.110.110.110.140.21
Depreciation 0.610.500.440.420.420.370.370.370.440.430.420.450.46
Profit before tax 4.834.575.356.286.315.605.466.015.815.605.886.416.29
Tax % 30.43%38.95%26.73%24.20%24.56%27.68%25.82%26.12%25.82%15.54%14.46%21.53%20.03%
Net Profit 3.372.793.934.764.764.054.054.454.324.735.025.025.03
EPS in Rs 8.426.989.8211.9011.9010.1210.1211.1210.8011.8212.5512.5512.58

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 22212223222124212225262324
Expenses 10101010111010669989
Operating Profit 11121213121114161616181515
OPM % 52%54%54%57%53%54%60%73%71%64%67%64%64%
Other Income 122344555681011
Interest 0000011101101
Depreciation 3543334433222
Profit before tax 981012121215161719242324
Tax % 32%34%34%35%27%28%26%26%26%27%26%23%
Net Profit 66689811121314171820
EPS in Rs 14.6014.0816.1219.5822.5021.0227.1229.9831.5234.2243.7243.8849.50
Dividend Payout % 10%10%11%7%7%7%4%5%6%6%4%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%0.00%33.33%12.50%-11.11%37.50%9.09%8.33%7.69%21.43%5.88%
Change in YoY Net Profit Growth (%)0.00%0.00%33.33%-20.83%-23.61%48.61%-28.41%-0.76%-0.64%13.74%-15.55%

Elnet Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:-1%
3 Years:1%
TTM:-8%
Compounded Profit Growth
10 Years:12%
5 Years:10%
3 Years:12%
TTM:5%
Stock Price CAGR
10 Years:20%
5 Years:28%
3 Years:38%
1 Year:8%
Return on Equity
10 Years:13%
5 Years:12%
3 Years:12%
Last Year:12%

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

Balance Sheet

Last Updated: March 3, 2026, 2:54 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4444444444444
Reserves 3943495564718193106119135152162
Borrowings 4444444444444
Other Liabilities 16151615161516151417161415
Total Liabilities 636774788895105116128144159175185
Fixed Assets 41383723232627242322222323
CWIP -0-0-0-001-000-0-000
Investments 3377883344444
Other Assets 1926304857617588101118133148158
Total Assets 636774788895105116128144159175185

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 813-8257-2232-2514-625
Cash from Investing Activity + -4-1-310-24-928-3534-15666
Cash from Financing Activity + 0-00-1-1-1-1-0-1-1-1-1
Net Cash Flow 5-0-01-0-35-38-2310
Free Cash Flow 6-10-922-0-2631-2612-633
CFO/OP 75%9%56%-31%239%91%-122%233%-136%104%-324%69%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow7.008.008.009.008.007.0010.0012.0012.0012.0014.0011.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 293130373936295334363531
Inventory Days
Days Payable
Cash Conversion Cycle 293130373936295334363531
Working Capital Days 184519-192-212-80-83-14-145-61-71-137
ROCE %19%17%18%20%19%16%18%18%16%16%18%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 52.85%52.85%52.85%52.85%52.85%52.85%52.85%52.85%52.85%52.85%52.85%52.85%
Government 0.00%0.00%0.17%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 47.16%47.15%46.98%47.15%47.15%47.15%47.16%47.16%47.14%47.16%47.17%47.15%
No. of Shareholders 5,0574,9904,8625,6165,5895,5685,6425,3615,3155,2485,0905,315

Shareholding Pattern Chart

No. of Shareholders

Elnet Technologies Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 18Mar 17Mar 16Mar 15Mar 14
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 22.5019.5916.1214.0714.60
Diluted EPS (Rs.) 22.5019.5916.1214.0714.60
Cash EPS (Rs.) 29.5027.8326.5226.3423.22
Book Value[Excl.RevalReserv]/Share (Rs.) 169.40147.81132.51118.43107.48
Book Value[Incl.RevalReserv]/Share (Rs.) 169.40147.81132.51118.43107.48
Revenue From Operations / Share (Rs.) 55.5356.6655.2153.6953.90
PBDIT / Share (Rs.) 38.3138.9034.9033.4730.25
PBIT / Share (Rs.) 31.3130.6524.4921.1921.62
PBT / Share (Rs.) 30.8330.1524.4921.1821.61
Net Profit / Share (Rs.) 22.5019.5916.1114.0714.60
NP After MI And SOA / Share (Rs.) 22.5019.5916.1114.0714.60
PBDIT Margin (%) 68.9868.6463.2162.3356.11
PBIT Margin (%) 56.3854.0944.3639.4740.11
PBT Margin (%) 55.5153.2044.3639.4540.09
Net Profit Margin (%) 40.5134.5629.1826.2027.08
NP After MI And SOA Margin (%) 40.5134.5629.1826.2027.08
Return on Networth / Equity (%) 13.2813.2512.1611.8713.58
Return on Capital Employeed (%) 17.7719.6213.6612.8714.03
Return On Assets (%) 10.1810.038.758.389.23
Long Term Debt / Equity (X) 0.000.000.080.080.09
Total Debt / Equity (X) 0.060.070.080.080.09
Asset Turnover Ratio (%) 0.260.290.310.320.35
Current Ratio (X) 2.521.3314.4418.239.11
Quick Ratio (X) 2.521.3314.4418.239.11
Dividend Payout Ratio (NP) (%) 0.000.0010.549.959.59
Dividend Payout Ratio (CP) (%) 0.000.006.405.316.02
Earning Retention Ratio (%) 0.000.0089.4690.0590.41
Cash Earning Retention Ratio (%) 0.000.0093.6094.6993.98
Interest Coverage Ratio (X) 79.4477.520.003645.973051.88
Interest Coverage Ratio (Post Tax) (X) 47.6540.040.001508.391473.69
Enterprise Value (Cr.) 24.0437.738.2911.807.78
EV / Net Operating Revenue (X) 1.081.660.370.540.36
EV / EBITDA (X) 1.572.420.590.880.64
MarketCap / Net Operating Revenue (X) 2.702.231.301.220.71
Retention Ratios (%) 0.000.0089.4590.0490.40
Price / BV (X) 0.880.850.540.550.36
Price / Net Operating Revenue (X) 2.702.231.301.220.71
EarningsYield 0.140.150.220.210.37

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Elnet Technologies Ltd. is a Public Limited Listed company incorporated on 01/08/1990 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L72300TN1990PLC019459 and registration number is 019459. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company's Total Operating Revenue is Rs. 23.03 Cr. and Equity Capital is Rs. 4.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareElnet Software City, TS 140, Block No.2 & 9, Chennai (Madras) Tamil Nadu 600113Contact not found
Management
NamePosition Held
Mr. K P KarthikeyanChairman & Non-Exe.Director
Mrs. Unnamalai ThiagarajanManaging Director
Mr. Srivathsa DesikanNon Executive Director
Mr. Chakkolath RamachandranNon Executive Director
Mr. Venkatesan KumaresanNon Executive Director
Mr. Ravi JanakiramanNon Executive Director
Mr. Ammoor Periyan RadhakrishnanInd. Non-Executive Director
Mr. Nataraj PrakashInd. Non-Executive Director
Mrs. Madura GaneshInd. Non-Executive Director
Mr. Pattabhi Venkata RamanInd. Non-Executive Director

FAQ

What is the intrinsic value of Elnet Technologies Ltd and is it undervalued?

As of 09 April 2026, Elnet Technologies Ltd's intrinsic value is ₹450.58, which is 47.73% higher than the current market price of ₹305.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (11.9 %), book value (₹414), dividend yield (0.62 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Elnet Technologies Ltd?

Elnet Technologies Ltd is trading at ₹305.00 as of 09 April 2026, with a FY2026-2027 high of ₹411 and low of ₹285. The stock is currently near its 52-week low. Market cap stands at ₹122 Cr..

How does Elnet Technologies Ltd's P/E ratio compare to its industry?

Elnet Technologies Ltd has a P/E ratio of 6.17, which is below the industry average of 98.13. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Elnet Technologies Ltd financially healthy?

Key indicators for Elnet Technologies Ltd: ROCE of 15.4 % indicates efficient capital utilization. Dividend yield is 0.62 %.

Is Elnet Technologies Ltd profitable and how is the profit trend?

Elnet Technologies Ltd reported a net profit of ₹18 Cr in Mar 2025 on revenue of ₹23 Cr. Compared to ₹13 Cr in Mar 2022, the net profit shows an improving trend.

Does Elnet Technologies Ltd pay dividends?

Elnet Technologies Ltd has a dividend yield of 0.62 % at the current price of ₹305.00. The company pays dividends, though the yield is modest.

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 Elnet Technologies 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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