Elin Electronics Limited (ELIN) AI Stock Analysis

• Market Cap: ₹9.78B
• Dividend Yield: 0.84%
• Average Volume (3M): 14.85K
• Price to Earnings (P/E): 28.6
• Beta (1Y): 0.76
• 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: 4,607
• 30 Day Avg. Volume: 14,847
• PEG Ratio: 0.19
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 0.52
• P/FCF Ratio: -25.77
• 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: 19.91% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: ₹228.00 ▲(19.91% 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 the sale of its electronic components and assemblies to various sectors, including consumer electronics manufacturers and industrial clients. The company's revenue model is based on direct sales, contracts for custom manufacturing, and long-term supply agreements. Key revenue streams include bulk orders from original equipment manufacturers (OEMs) and partnerships with technology firms for collaborative product development. Additionally, ELIN benefits from economies of scale and efficient production processes, which enhance profit margins. Strategic partnerships with leading tech companies also contribute to its earnings by expanding its market reach and facilitating access to new technologies.

Elin Electronics Limited Financial Statement Overview

Summary

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

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	11.55B	11.80B	10.42B	10.75B	10.66B	8.43B
Gross Profit	2.83B	1.14B	2.71B	739.91M	1.96B	1.80B
EBITDA	756.47M	707.10M	496.48M	673.74M	794.29M	690.03M
Net Income	327.95M	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	982.79M	982.79M	620.63M	513.34M	60.90M	182.36M
Total Debt	0.00	240.56M	119.92M	783.62M	1.03B	1.14B
Total Liabilities	-5.34B	1.94B	1.66B	2.41B	2.30B	2.46B
Stockholders Equity	5.34B	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: Neutral
• Last Price: 190.15
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ELIN, the sentiment is Neutral. The current price of 190.15 is below the 20-day moving average (MA) of 207.04, below the 50-day MA of 199.61, and above the 200-day MA of 168.48, indicating a neutral trend. The MACD of -2.75 indicates Positive momentum. The RSI at 38.12 is Neutral, neither overbought nor oversold. The STOCH value of 17.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	₹7.11B	17.25	―	1.65%	10.49%	69.49%
ADSL	70 Outperform	₹10.39B	28.58	―	0.83%	21.48%	-25.48%
INSPIRISYS	69 Neutral	₹3.51B	10.28	―	―	-27.51%	278.69%
ELIN	63 Neutral	₹9.78B	28.60	―	0.84%	9.31%	98.90%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
KELLTONTEC	61 Neutral	₹11.81B	13.48	―	―	13.61%	19.83%
TVSELECT	50 Neutral	₹10.73B	―	―	0.16%	7.32%	-364.89%

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.