Announcement • May 08
Elnet Technologies Limited to Report Q4, 2026 Results on May 14, 2026 Elnet Technologies Limited announced that they will report Q4, 2026 results on May 14, 2026 Announcement • Jan 28
Elnet Technologies Limited to Report Q3, 2026 Results on Feb 05, 2026 Elnet Technologies Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Board Change • Dec 14
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Non-Executive Independent Director Madura Ganesh was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Oct 31
Elnet Technologies Limited to Report Q2, 2026 Results on Nov 05, 2025 Elnet Technologies Limited announced that they will report Q2, 2026 results on Nov 05, 2025 Upcoming Dividend • Aug 25
Upcoming dividend of ₹1.90 per share Eligible shareholders must have bought the stock before 01 September 2025. Payment date: 09 October 2025. Payout ratio is a comfortable 4.3% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.5%). Announcement • Aug 18
Elnet Technologies Limited, Annual General Meeting, Sep 09, 2025 Elnet Technologies Limited, Annual General Meeting, Sep 09, 2025, at 11:30 Indian Standard Time. Announcement • Aug 09
Elnet Technologies Limited to Report Q1, 2026 Results on Aug 12, 2025 Elnet Technologies Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Announcement • Mar 29
Elnet Technologies Limited Announces Change in Directorate Elnet Technologies Limited announced that board of directors at the meeting held on March 29, 2025 approved the following: appointment of Mrs. Madura Ganesh as the Additional Non-Executive Independent Director of the Company. Mrs. Madura Ganesh, Non-Executive Independent Director, member. Mrs. Madura Ganesh is a senior Chartered Accountant and consultant with a total experience of around 24 years. She is the Director and Chief Operating Officer of Banyan Corporate Advisors (P) Ltd. and is holding directorship in various private and public companies. She has ample work experience in various sectors like FMCG, software services, NBFC/banks, real estate, financial institutions etc. Reconstitution of the Audit Committee as below: Mr. Pattabhi Venkata Raman, Non-Executive Independent Director, Chairman. Mr. Nataraj Prakash, Non-Executive Independent Director, member. Mr. Ammoor Periyan Radhakrishnan, Non-Executive Independent Director, member. Mr. Chakkolath Ramachandran, Non-Executive Director, member. Mr. Srivathsa Desikan, Non-Executive Director, member. Mrs. Madura Ganesh, Non-Executive Director, member. Reconstitution of the Nomination and Remuneration Committee as below: Mr. Ammoor Periyan Radhakrishnan, Non-Executive Independent Director, Chairman. Mr. Pattabhi Venkata Raman, Non-Executive Independent Director, member. Mr. Chakkolath Ramachandran, Non-Executive Director, member. Mr. Srivathsa Desikan, Non-Executive Director, member. Mr. Nataraj Prakash, Non-Executive Independent Director, member. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹328, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 110% over the past three years. Announcement • Feb 14
Elnet Technologies Limited Announces Board and Committee Changes Elnet Technologies Limited announced that at the board meeting held on February 13, 2025 announced that Mr. Ritesh Shivkumar Mishra, Company Secretary and Compliance Officer of the Company, has submitted his resignation, with effect from February 13, 2025, which has been accepted by the Board of Directors at its meeting held on February 13, 2025. The company announced Reconstitution Of Committees Of The Board Of Directors: Reconstituted Stakeholder Relationship Committee: Mr. Chakkolath Ramachandran- Non-Executive Director- Chairman; Mr. Srivathsa Desikan- Non-Executive Director- Member; Mr. Pattabhi Venkata Raman- Non-Executive Independent Director- Member; Mr. Ammoor Periyan Radhakrishnan- Non-Executive Independent Director- Member; NOMINATION AND REMUNERATION COMMITTEE: Mr. Ammoor Periyan Radhakrishnan- Non-Executive Independent Director- Chairman; Mr. Nataraj Prakash- Non-Executive Independent Director- Member; Mr. Pattabhi Venkata Raman- Non-Executive Independent Director- Member; Mr. Chakkolath Ramachandran- Non-Executive Director- Member; Mr. Srivathsa Desikan- Non-Executive Director- Member; SHARE TRANSFER COMMITTEE: Mr. Ravi Janakiraman- Non-Executive Director- Member; Mr. Pattabhi Venkata Raman- Non-Executive Independent Director- Member; Mr. Chakkolath Ramachandran- Non-Executive Director- Member; Mr. Srivathsa Desikan- Non-Executive Director- Member. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹406, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 33x in the Real Estate industry in India. Total returns to shareholders of 167% over the past three years. Announcement • Sep 25
Elnet Technologies Limited Approves Final Dividend for the Financial Year Ended March 31, 2024 Elnet Technologies Limited in its AGM held on September 25, 2024 approved a dividend of INR 1.70 /- per equity share for the Financial Year ended 31 March 2024. Upcoming Dividend • Sep 10
Upcoming dividend of ₹1.70 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 3.9% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.4%). Announcement • Sep 04
Elnet Technologies Limited, Annual General Meeting, Sep 25, 2024 Elnet Technologies Limited, Annual General Meeting, Sep 25, 2024, at 11:00 Indian Standard Time. Board Change • Jul 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Additional Non-Executive Director Venkatesan Kumaresan was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 30
Elnet Technologies Limited Announces Board Appointments Elnet Technologies Limited announced further based on the recommendation of Nomination and Remuneration Committee the Board of directors of the Company at its meeting held on May 29, 2024, has recorded the appointment of Mr. Praveen Prabhakaran Nair, I.A.S. as the Chairman and Non-Executive Additional Director of the Company with effect from May 29, 2024. Mr. Praveen Prabhakaran Nair is an Indian Administrative Service Officer. He is the Managing Director of Electronics Corporation of Tamilnadu Limited (ELCOT). He has been appointed as the Chairman and Non-Executive Additional Director on the Board of M/s Elnet Technologies Limited by ELCOT. Further based on the recommendation of Nomination and Remuneration Committee the Board of Directors of the Company at its meeting held on May 29, 2024, has recorded the appointment of Mr. Venkatesan Kumaresan as Non-Executive Additional Director of the Company with effect from May 29, 2024. Mr. Venkatesan Kumaresan is holding the degree from Institute of Cost and Works Accountants of India and have experience of 24 years plus in the field of Finance and Audit. Mr. Venkatesan Kumaresan is General Manager (Finance and Accounts) Electronics Corporation of Tamilnadu Limited. New Risk • May 30
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (107% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₹344m revenue, or US$4.1m). Market cap is less than US$100m (₹1.38b market cap, or US$16.5m). Announcement • May 25
Elnet Technologies Limited Announces Cessation of S. Aneesh Sekhar from the Board Electronics Corporation of Tamilnadu Limited has withdrawn the chairman and directorship of Dr. S. Aneesh Sekhar, I.A.S, from the Board of M/s Elnet Technologies Limited and has nominated a new chairman and director in place of Dr. S. Aneesh Sekhar, I.A.S. The proposal for the appointment of a new chairman and director will be placed before the Nomination & Remuneration Committee and Board of the Company, in due course. Cessation May 24, 2024. Announcement • May 23
Elnet Technologies Limited to Report Q4, 2024 Results on May 29, 2024 Elnet Technologies Limited announced that they will report Q4, 2024 results on May 29, 2024 New Risk • Mar 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Revenue is less than US$5m (₹264m revenue, or US$3.2m). Market cap is less than US$100m (₹1.21b market cap, or US$14.6m). Announcement • Feb 01
Elnet Technologies Limited to Report Q3, 2024 Results on Feb 07, 2024 Elnet Technologies Limited announced that they will report Q3, 2024 results on Feb 07, 2024 Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹320, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 137% over the past three years. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Non-Executive Chairman of Board Aneesh Somasekharannair was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹274, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 149% over the past three years. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹227, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 81% over the past three years. Announcement • Sep 13
Elnet Technologies Limited Announces Appointment of S. Aneesh Sekhar as Chairman and Non-Executive Director Elnet Technologies Limited announced that shareholders of the company have approved the appointment of Dr. S. Aneesh Sekhar, IAS., as the Chairman and Non-Executive Director of the Company at the 32nd Annual General Meeting held on September 09, 2023. Upcoming Dividend • Aug 22
Upcoming dividend of ₹2.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 29 August 2023. Payment date: 09 October 2023. Payout ratio is a comfortable 5.8% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.6%). Announcement • Aug 19
Elnet Technologies Limited, Annual General Meeting, Sep 09, 2023 Elnet Technologies Limited, Annual General Meeting, Sep 09, 2023, at 11:00 Indian Standard Time. Agenda: To consider the audited financial statements of the Company for the Financial Year ended March 31, 2023, and the Reports of the Board of Directors and the Statutory Auditors thereon be and are hereby received, considered and adopted; to consider and declare a dividend; to consider and Re-appointment of Thiru J. Ravi who retires by rotation as a director; to consider and Re-appointment of Thiru. C. Ramachandran who retires by rotation as a director; to consider and Appointment of Dr. S. Aneesh Sekhar, IAS., as Chairman; to consider and Re-Appointment of Tmt. Unnamalai Thiagarajan as Managing Director. Announcement • Aug 08
Elnet Technologies Limited to Report Q1, 2024 Results on Aug 14, 2023 Elnet Technologies Limited announced that they will report Q1, 2024 results on Aug 14, 2023 New Risk • Jul 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Revenue is less than US$5m (₹246m revenue, or US$3.0m). Market cap is less than US$100m (₹1.19b market cap, or US$14.5m). Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹253, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 171% over the past three years. Board Change • Jun 13
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Non-Executive Director S. Kirubanandhan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 31
Elnet Technologies Limited Announces Executive Changes Elnet Technologies Limited announced that Dr. S. Aneesh Sekhar, IAS., Managing Director of Electronics Corporation of Tamilnadu Limited is hereby nominated as Chairman and Director in the company in place of Thiru A. John Louis, IAS vide letter received dated May 27, 2023. The Board of Directors of the Company at its meeting held on May 29, 2023, has recorded the appointment of Dr. S. Aneesh Sekhar, IAS. as the Chairman and Non-Executive Additional Director of the Company, effective May 29, 2023. Board Change • Apr 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Non-Executive Director S. Kirubanandhan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 07
Elnet Technologies Limited to Report Q3, 2023 Results on Feb 13, 2023 Elnet Technologies Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 13, 2023 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 23% share price gain to ₹212, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 25x in the Real Estate industry in India. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 15% share price gain to ₹186, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 26x in the Real Estate industry in India. Total returns to shareholders of 76% over the past three years. Announcement • Nov 05
Elnet Technologies Limited to Report Q2, 2023 Results on Nov 11, 2022 Elnet Technologies Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Announcement • Oct 21
Elnet Technologies Limited Announces Resignation of E. Kamakshi, as Chief Financial Officer Elnet Technologies Limited informed that Ms. E. Kamakshi, has resigned from the position of Chief Financial Officer of the Company with effect from 20 October, 2022 after the close of business hours. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 16% share price gain to ₹175, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 76% over the past three years. Announcement • Sep 09
Elnet Technologies Limited Approves Dividend for the Financial Year Ended March 31, 2022 Elnet Technologies Limited approved dividend of INR 2 per equity Share for the Financial Year ended March 31, 2022 at its Annual General Meeting held on September 07, 2022. Upcoming Dividend • Aug 22
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 6.3% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.7%). Announcement • Aug 13
Elnet Technologies Limited, Annual General Meeting, Sep 07, 2022 Elnet Technologies Limited, Annual General Meeting, Sep 07, 2022, at 15:00 Indian Standard Time. Agenda: To consider the audited financial statements of the Company for the financial year ended March 31, 2022 and the Reports of the Board of Directors and the Statutory Auditors thereon be and are hereby received, considered and adopted;to declare a dividend of INR. 2/- per equity share for the Financial Year ended 31st March, 2022;and to consider other matters. Announcement • Aug 06
Elnet Technologies Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022 The Board of Directors of Elnet Technologies Limited has recommended a final dividend on Equity shares @20% (i.e., INR 2 per equity share of INR 10 each) for the financial year ended March 31, 2022. Announcement • Jul 30
Elnet Technologies Limited to Report Q1, 2023 Results on Aug 05, 2022 Elnet Technologies Limited announced that they will report Q1, 2023 results on Aug 05, 2022 Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 16% share price gain to ₹191, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 29x in the Real Estate industry in India. Total returns to shareholders of 98% over the past three years. Announcement • Apr 06
Elnet Technologies Limited to Report Q4, 2022 Results on Apr 11, 2022 Elnet Technologies Limited announced that they will report Q4, 2022 results on Apr 11, 2022 Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 17% share price gain to ₹189, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 21% share price gain to ₹214, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 80% over the past three years. Upcoming Dividend • Jul 12
Upcoming dividend of ₹1.40 per share Eligible shareholders must have bought the stock before 19 July 2021. Payment date: 27 August 2021. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Executive Departure • Jul 02
Non-Executive Chairman D. Ravichandran has left the company On the 23rd of June, D. Ravichandran's tenure as Non-Executive Chairman ended after less than a year in the role. We don't have any record of a personal shareholding under Ravichandran's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 20% share price gain to ₹172, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 41% over the past three years. Executive Departure • Feb 19
Company Secretary & Chief Compliance Officer has left the company On the 18th of February, T. Johnson's tenure as Company Secretary & Chief Compliance Officer ended after 3.2 years in the role. We don't have any record of a personal shareholding under Johnson's name. A total of 4 executives have left over the last 12 months. Announcement • Feb 04
Elnet Technologies Limited to Report Q3, 2021 Results on Feb 10, 2021 Elnet Technologies Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Announcement • Jan 28
Elnet Technologies Limited Announces Resignation of T. Joswa Johnson, Company Secretary & Compliance Officer T. Joswa Johnson, Company Secretary & Compliance Officer of Elnet Technologies Limited has tendered his resignation letter. The resignation has been recorded at the Meeting of Board of Directors held on 25th January, 2021 and he will be relieved from the services of the company after the closure of business hours on 18th February, 2021. Is New 90 Day High Low • Jan 04
New 90-day high: ₹144 The company is up 27% from its price of ₹113 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 44% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ₹132 The company is up 9.0% from its price of ₹121 on 18 September 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 35% over the same period. Announcement • Sep 13
Elnet Technologies Limited to Report Q1, 2021 Results on Aug 17, 2020 Elnet Technologies Limited announced that they will report Q1, 2021 results on Aug 17, 2020 Announcement • Jun 22
Elnet Technologies Limited to Report Q4, 2020 Results on Jun 29, 2020 Elnet Technologies Limited announced that they will report Q4, 2020 results on Jun 29, 2020 
