Elin Electronics Limited (ELIN) AI Stock Analysis

• Market Cap: ₹8.53B
• Dividend Yield: 0.84%
• Average Volume (3M): 17.59K
• Price to Earnings (P/E): 25.8
• Beta (1Y): 0.67
• Revenue Growth: 9.31%
• EPS Growth: 98.90%
• Country: IN
• Employees: 2,276
• Sector: Technology
• Sector Strength: 97
• Industry: Electrical Equipment & Parts
• EPS (TTM): 1.89
• Shares Outstanding: 49,659,220
• 10 Day Avg. Volume: 28,528
• 30 Day Avg. Volume: 17,591
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹180.00
• Price Target Upside: 0.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 59 Neutral
• Price Target: ₹186.00 ▲(4.32% Upside)

Elin Electronics shows moderate financial performance with strong equity and improved profitability, but faces challenges in cash flow management. Technical indicators suggest a lack of strong momentum, with potential for a rebound. The valuation is moderate, with no dividend yield to attract income-focused investors.

Elin Electronics Limited Business Overview & Revenue Model

Company Description

Elin Electronics Limited (ELIN) is a prominent electronic manufacturing services (EMS) company specializing in the design and production of a wide range of electronic products. The company operates in sectors such as consumer electronics, lighting solutions, and small home appliances, catering to both domestic and international markets. ELIN is known for its high-quality manufacturing processes and commitment to innovation, providing end-to-end solutions from concept development to final product delivery.

How the Company Makes Money

Elin Electronics Limited generates revenue primarily through its diverse product portfolio in the consumer electronics and home appliances sectors. The company's key revenue streams include the sale of finished electronic products, contract manufacturing services for other brands, and long-term partnerships with major electronics companies. By leveraging its manufacturing capabilities and expertise, ELIN also benefits from economies of scale, which contribute to its profitability. Strategic alliances and collaborations with technology partners further enhance its competitive advantage and market reach.

Elin Electronics Limited Financial Statement Overview

Summary

Elin Electronics demonstrates moderate financial health with steady revenue growth and improved net profitability. The balance sheet is strong due to low leverage and high equity. However, cash flow challenges, particularly in free cash flow generation, may impact future investments and growth.

Income Statement

Elin Electronics has shown moderate revenue growth with a noticeable increase from 2024 to 2025. The gross profit margin declined due to a reduction in gross profit, while the net profit margin improved significantly, indicating better cost management. However, EBIT and EBITDA margins are relatively low, suggesting limited profitability after operating expenses.

Balance Sheet

The company's debt-to-equity ratio is quite low, indicating conservative leverage and strong equity financing. Return on Equity (ROE) has improved, showcasing efficient equity utilization. The equity ratio is high, reflecting financial stability with a solid asset base funded by equity.

Cash Flow

Elin Electronics experienced a decline in free cash flow, highlighting potential cash management challenges. The operating cash flow to net income ratio is positive, which is a good sign, but the free cash flow to net income ratio is negative, indicating issues with capital expenditures or cash generation efficiency.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	11.52B	10.42B	10.75B	10.66B	8.43B
Gross Profit	1.14B	2.18B	739.91M	1.96B	1.80B
EBITDA	707.10M	496.48M	673.74M	794.29M	690.03M
Net Income	293.22M	138.74M	268.03M	391.81M	348.57M
Balance Sheet
Total Assets	7.28B	6.69B	7.34B	5.33B	5.08B
Cash, Cash Equivalents and Short-Term Investments	1.02B	930.32M	1.17B	51.69M	182.36M
Total Debt	240.56M	119.92M	783.62M	1.03B	1.14B
Total Liabilities	1.94B	1.66B	2.41B	2.30B	2.46B
Stockholders Equity	5.34B	5.03B	4.93B	3.03B	2.62B
Cash Flow
Free Cash Flow	-238.17M	96.15M	99.54M	147.09M	-540.77M
Operating Cash Flow	167.36M	426.68M	623.19M	571.06M	-336.43M
Investing Cash Flow	-213.65M	364.28M	-1.97B	-278.11M	-49.48M
Financing Cash Flow	44.82M	-792.68M	1.31B	-299.57M	341.94M

Elin Electronics Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 178.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ELIN, the sentiment is Positive. The current price of 178.3 is above the 20-day moving average (MA) of 178.05, above the 50-day MA of 177.65, and above the 200-day MA of 171.23, indicating a bullish trend. The MACD of -1.30 indicates Positive momentum. The RSI at 51.55 is Neutral, neither overbought nor oversold. The STOCH value of 35.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ELIN.

Elin Electronics Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INSPIRISYS	69 Neutral	₹4.16B	11.76		―	-27.51%	278.69%
ONWARDTEC	68 Neutral	₹7.10B	21.66		1.62%	7.76%	7.69%
ADSL	67 Neutral	₹9.22B	25.66		0.92%	21.48%	-26.29%
KELLTONTEC	61 Neutral	₹12.41B	15.51		―	11.69%	22.78%
ELIN	59 Neutral	₹8.53B	25.84		0.84%	9.31%	98.90%
Sector *	50 Neutral	C$3.52B	0.80	-5.03%	7.64%	16.88%	-2.22%

Elin Electronics Limited Corporate Events

Elin Electronics Releases Q1 FY26 Earnings Call Transcript

Elin Electronics Limited has submitted a transcript of its earnings conference call for the first quarter of fiscal year 2026, held on August 7, 2025, to the National Stock Exchange of India and BSE Limited. This submission is in compliance with the SEBI regulations, and the transcript is available on the company’s website, indicating transparency and communication with stakeholders.