Elin Electronics Limited (ELIN) AI Stock Analysis

• Market Cap: ₹10.91B
• Dividend Yield: 0.84%
• Average Volume (3M): 22.40K
• Price to Earnings (P/E): 33.0
• Beta (1Y): 0.69
• Revenue Growth: 9.31%
• EPS Growth: 98.90%
• Country: IN
• Employees: 2,276
• Sector: Technology
• Sector Strength: 88
• Industry: Electrical Equipment & Parts
• EPS (TTM): 1.89
• Shares Outstanding: 49,659,220
• 10 Day Avg. Volume: 29,472
• 30 Day Avg. Volume: 22,403
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹228.00
• Price Target Upside: 3.52% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: ₹228.00 ▲(3.52% Upside)

Elin Electronics' overall score is driven by its moderate financial performance and strong technical indicators, despite valuation concerns. The company's robust balance sheet and positive market momentum are significant strengths, but cash flow challenges and a high P/E ratio are notable risks.

Elin Electronics Limited Business Overview & Revenue Model

Company Description

Elin Electronics Limited provides design and manufacturing services for electric motors, tools, moulds, dies, kitchen appliances, personal care and lighting products, and automotive components in India and internationally. The company offers LED lightings and flashlights, modular switches, and sockets; ceiling and fresh air fans, etc.; small appliances such as dry and steam irons, toasters, hand blenders, and mixer grinders; personal care products includes hair dryer and straightener, trimmers, and heated straightening brushes; and fractional horsepower motors, which are used in mixer grinder, hand blender, wet grinder, chimney, air conditioner, heat convector, and TPW fans. It also provides stainless steel blades for mixer grinders; manufactures medical diagnostic cartridges for use in diagnostic devices; and plastic molded and sheet metal parts and components. The company serves original equipment manufacturers and original design manufacturers. Elin Electronics Limited was founded in 1969 and is based in New Delhi, India.

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 robust due to low leverage and high equity. However, cash flow challenges exist, particularly in free cash flow generation, which may impact future investments and growth opportunities.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.28B	11.80B	10.42B	10.75B	10.66B	8.43B
Gross Profit	1.84B	1.14B	2.18B	739.91M	1.96B	1.80B
EBITDA	539.46M	707.10M	496.48M	673.74M	794.29M	690.03M
Net Income	156.39M	293.22M	138.74M	268.03M	391.81M	348.57M
Balance Sheet
Total Assets	0.00	7.28B	6.69B	7.34B	5.33B	5.08B
Cash, Cash Equivalents and Short-Term Investments	1.05B	1.02B	930.32M	1.17B	51.69M	182.36M
Total Debt	0.00	240.56M	119.92M	783.62M	1.03B	1.14B
Total Liabilities	-5.14B	1.94B	1.66B	2.41B	2.30B	2.46B
Stockholders Equity	5.14B	5.34B	5.03B	4.93B	3.03B	2.62B
Cash Flow
Free Cash Flow	0.00	-238.17M	96.15M	99.54M	147.09M	-540.77M
Operating Cash Flow	0.00	167.36M	426.68M	623.19M	571.06M	-336.43M
Investing Cash Flow	0.00	-213.65M	364.28M	-1.97B	-278.11M	-49.48M
Financing Cash Flow	0.00	44.82M	-792.68M	1.31B	-299.57M	341.94M

Elin Electronics Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 220.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 220.25 is above the 20-day moving average (MA) of 203.59, above the 50-day MA of 189.19, and above the 200-day MA of 169.59, indicating a bullish trend. The MACD of 11.12 indicates Negative momentum. The RSI at 66.45 is Neutral, neither overbought nor oversold. The STOCH value of 65.42 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
ONWARDTEC	70 Outperform	7.03B	21.42	12.07%	1.59%	7.76%	7.69%
ADSL	70 Outperform	11.28B	31.04	5.34%	0.75%	21.48%	-25.48%
INSPIRISYS	69 Neutral	3.77B	10.89	54.21%	―	-27.51%	278.69%
ELIN	63 Neutral	₹10.91B	33.04		0.84%	9.31%	98.90%
KELLTONTEC	61 Neutral	13.24B	15.95	14.89%	―	13.61%	19.83%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

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.