Elin Electronics Limited (IN:ELIN)
:ELIN
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Elin Electronics Limited
(ELIN)
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Rating:53Neutral
Price Target:
₹114.00
▼(-31.70% Downside)
Action:ReiteratedDate:03/28/26
The score is driven primarily by moderate financial performance supported by a strong, low-leverage balance sheet, but held back by cash flow weakness. Technicals are a major drag due to a pronounced downtrend and negative momentum signals, and valuation is also a headwind given the high P/E.
Positive Factors
Low leverage / strong balance sheet
A conservative capital structure and high equity funding give Elin durable financial flexibility. Low leverage reduces refinancing and interest risk, supports capex or working-capital funding during cycles, and preserves capacity to invest or weather demand volatility over months.
Negative Factors
Weak free cash flow generation
Negative free cash flow relative to reported earnings signals cash conversion issues, likely from capex or working-capital build. Poor FCF limits capacity for debt reduction, dividends, or strategic investment and is a durable constraint on financial flexibility if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A conservative capital structure and high equity funding give Elin durable financial flexibility. Low leverage reduces refinancing and interest risk, supports capex or working-capital funding during cycles, and preserves capacity to invest or weather demand volatility over months.
Read all positive factors
Elin Electronics Limited (ELIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.58B
Dividend YieldN/A
Average Volume (3M)12.69K
Price to Earnings (P/E)56.0
Beta (1Y)1.10
Revenue Growth12.53%
EPS Growth119.28%
CountryIN
Employees2,276
SectorTechnology
Sector Strength88
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.74
Shares Outstanding49,709,220
10 Day Avg. Volume4,677
30 Day Avg. Volume12,686
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)1.15
Price to Sales (P/S)0.52
P/FCF Ratio-25.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)10
Revenue Forecast (FY)₹15.51B
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 l...
How the Company Makes Money
ELIN makes money primarily by manufacturing and supplying electronic products and assemblies to other brands under contract manufacturing models. Its core revenue stream is sale of finished goods (e.g., LED lighting and consumer appliance products...
Elin Electronics Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.25B | 11.80B | 10.42B | 10.75B | 10.66B | 8.43B |
| Gross Profit | 2.97B | 1.14B | 2.71B | 739.91M | 1.96B | 1.80B |
| EBITDA | 838.50M | 707.10M | 496.48M | 673.74M | 794.29M | 690.03M |
| Net Income | 383.13M | 293.22M | 138.74M | 268.03M | 391.81M | 348.57M |
Balance Sheet | ||||||
| Total Assets | 8.15B | 7.28B | 6.69B | 7.34B | 5.33B | 5.08B |
| Cash, Cash Equivalents and Short-Term Investments | 1.10B | 982.79M | 620.63M | 513.34M | 60.90M | 182.36M |
| Total Debt | 153.67M | 240.56M | 119.92M | 783.62M | 1.03B | 1.14B |
| Total Liabilities | 2.61B | 1.94B | 1.66B | 2.41B | 2.30B | 2.46B |
| Stockholders Equity | 5.54B | 5.34B | 5.03B | 4.93B | 3.03B | 2.62B |
Cash Flow | ||||||
| Free Cash Flow | 168.16M | -238.17M | 96.15M | 99.54M | 147.09M | -540.77M |
| Operating Cash Flow | 360.06M | 167.36M | 426.68M | 623.19M | 571.06M | -336.43M |
| Investing Cash Flow | -156.53M | -213.65M | 364.28M | -1.97B | -278.11M | -49.48M |
| Financing Cash Flow | -129.33M | 44.82M | -792.68M | 1.31B | -299.57M | 341.94M |
Elin Electronics Limited Technical Analysis
Negative
166.90
Price Trends
132.92
Negative
153.12
Negative
172.80
Negative
Market Momentum
-8.34
Negative
44.10
Neutral
36.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ELIN, the sentiment is Negative. The current price of 166.9 is above the 20-day moving average (MA) of 114.91, above the 50-day MA of 132.92, and below the 200-day MA of 172.80, indicating a bearish trend. The MACD of -8.34 indicates Negative momentum. The RSI at 44.10 is Neutral, neither overbought nor oversold. The STOCH value of 36.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ELIN.
Elin Electronics Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹5.62B | 17.41 | ― | 0.96% | 20.23% | -17.78% | |
62 Neutral | ₹5.22B | 15.89 | ― | 1.84% | 10.49% | 69.49% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ₹3.04B | 4.73 | ― | ― | -1.07% | 187.83% | |
58 Neutral | ₹7.95B | 9.73 | ― | ― | 13.11% | 19.26% | |
53 Neutral | ₹5.58B | 56.01 | ― | ― | 12.53% | 119.28% | |
43 Neutral | ₹6.89B | 487.30 | ― | 0.22% | 9.71% | 14.13% |
* Technology Sector Average
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Elin Electronics Limited Corporate Events
Elin Electronics Schedules Investor and Analyst Meetings for April 7, 2026
Apr 3, 2026
Elin Electronics Limited has notified the stock exchanges that its representatives will meet with investors and analysts on April 7, 2026, as part of its ongoing engagement with the capital markets. The planned interactions signal continued effort...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.