Elin Electronics Limited (IN:ELIN)
:ELIN
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Elin Electronics Limited
(ELIN)
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Rating:53Neutral
Price Target:
₹108.00
▼(-35.29% Downside)
Action:Reiterated
Date:05/26/26
The score is primarily supported by a conservative, de-risked balance sheet, but is held back by inconsistent profitability and especially weak/negative recent free cash flow. Technical indicators add a cautious near-term view, and valuation is a further headwind due to the high P/E with no dividend yield provided.
Positive Factors
Conservative Balance Sheet
The company’s materially reduced debt and very low debt-to-equity ratios materially lower financial risk, giving durable flexibility to fund working capital, absorb demand shocks, support customer order cadence, and finance targeted capex without stressing solvency over the next several months.
Negative Factors
Negative Free Cash Flow
Consecutive years of negative free cash flow reduce financial flexibility and raise the risk that operations rely on working-capital or financing to sustain growth. Persistent negative FCF can constrain investments, weaken the ability to withstand cyclical downturns, and pressure credit metrics over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
The company’s materially reduced debt and very low debt-to-equity ratios materially lower financial risk, giving durable flexibility to fund working capital, absorb demand shocks, support customer order cadence, and finance targeted capex without stressing solvency over the next several months.
Read all positive factors
Elin Electronics Limited (ELIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.27B
Dividend YieldN/A
Average Volume (3M)12.69K
Price to Earnings (P/E)22.4
Beta (1Y)1.23
Revenue Growth9.11%
EPS Growth-24.19%
CountryIN
Employees2,276
SectorTechnology
Sector Strength88
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)7.92
Shares Outstanding49,709,220
10 Day Avg. Volume4,677
30 Day Avg. Volume12,686
Financial Highlights & Ratios
PEG Ratio-0.85
Price to Book (P/B)0.83
Price to Sales (P/S)0.36
P/FCF Ratio-48.62
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, operating from New Delhi, India, and established in 1969, specializes in offering comprehensive design and manufacturing solutions for a diverse range of products. Their services extend to both domestic and international ...
How the Company Makes Money
Elin Electronics Limited primarily makes money by earning manufacturing revenue from producing electronics and electrical products for third-party brands under OEM/ODM arrangements, where it is paid for supplying finished goods (and/or sub-assembl...
Elin Electronics Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.25B | 12.88B | 11.80B | 10.42B | 10.75B | 10.66B |
| Gross Profit | 2.97B | 1.25B | 1.14B | 2.71B | 739.91M | 1.96B |
| EBITDA | 838.50M | 555.62M | 707.10M | 496.48M | 673.74M | 794.29M |
| Net Income | 383.13M | 225.91M | 293.22M | 138.74M | 268.03M | 391.81M |
Balance Sheet | ||||||
| Total Assets | 8.15B | 7.66B | 7.28B | 6.69B | 7.34B | 5.33B |
| Cash, Cash Equivalents and Short-Term Investments | 1.10B | 861.00M | 982.79M | 620.63M | 513.34M | 60.90M |
| Total Debt | 153.67M | 165.23M | 240.56M | 119.92M | 783.62M | 1.03B |
| Total Liabilities | 2.61B | 2.09B | 1.94B | 1.66B | 2.41B | 2.30B |
| Stockholders Equity | 5.54B | 5.57B | 5.34B | 5.03B | 4.93B | 3.03B |
Cash Flow | ||||||
| Free Cash Flow | 168.16M | -94.75M | -238.17M | 96.15M | 99.54M | 147.09M |
| Operating Cash Flow | 360.06M | 500.67M | 167.36M | 426.68M | 623.19M | 571.06M |
| Investing Cash Flow | -156.53M | -388.22M | -213.65M | 364.28M | -1.97B | -278.11M |
| Financing Cash Flow | -129.33M | -71.75M | 44.82M | -792.68M | 1.31B | -299.57M |
Elin Electronics Limited Technical Analysis
Negative
166.90
Price Trends
116.95
Negative
124.52
Negative
157.03
Negative
Market Momentum
-3.54
Positive
39.63
Neutral
48.61
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 110.83, above the 50-day MA of 116.95, and above the 200-day MA of 157.03, indicating a bearish trend. The MACD of -3.54 indicates Positive momentum. The RSI at 39.63 is Neutral, neither overbought nor oversold. The STOCH value of 48.61 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹5.83B | 12.97 | ― | 1.84% | 10.69% | 64.16% | |
67 Neutral | ₹4.48B | 10.89 | ― | ― | 22.60% | 29.03% | |
64 Neutral | ₹6.88B | 17.73 | ― | 0.96% | 19.93% | 19.41% | |
62 Neutral | ₹8.31B | 9.87 | ― | ― | 10.85% | 7.23% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | ₹5.27B | 22.42 | ― | ― | 9.11% | -24.19% | |
48 Neutral | ₹9.09B | 714.26 | ― | 0.22% | 5.74% | ― |
* Technology Sector Average
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Elin Electronics Limited Corporate Events
Elin Electronics Reports Fire at Ghaziabad Plant, Operations Partially Disrupted
May 26, 2026
Elin Electronics Limited reported a fire incident at its Ghaziabad factory on May 25, 2026, which was brought under control without any casualties or injuries. The affected area of the plant has been temporarily shut while the rest of the facility...
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.