Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹113, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 25x in the Electronic industry in India. Total loss to shareholders of 16% over the past three years. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹0.75 (vs ₹0.29 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.75 (up from ₹0.29 in 3Q 2025). Revenue: ₹2.95b (up 11% from 3Q 2025). Net income: ₹36.6m (up 162% from 3Q 2025). Profit margin: 1.2% (up from 0.5% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 07
Elin Electronics Limited Provides Earnings Guidance for the Fiscal Year 2026, 2027 and 2028 Elin Electronics Limited provided earnings guidance for the fiscal year 2026, 2027 and 2028. for the year, the company shared its guidance of 9% to 10% for revenues from Fiscal Year '25 to Fiscal Year '26.
for the year 2027, the company expects revenue of INR 1.40 billion.
for the year 2028, the company expects revenue of INR 2.50 billion. Announcement • Jan 21
Elin Electronics Limited to Report Q3, 2026 Results on Feb 06, 2026 Elin Electronics Limited announced that they will report Q3, 2026 results on Feb 06, 2026 New Risk • Nov 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.59b (US$96.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹8.59b market cap, or US$96.4m). Reported Earnings • Nov 11
Second quarter 2026 earnings released: EPS: ₹2.11 (vs ₹1.00 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.11 (up from ₹1.00 in 2Q 2025). Revenue: ₹3.76b (up 24% from 2Q 2025). Net income: ₹103.0m (up 115% from 2Q 2025). Profit margin: 2.7% (up from 1.6% in 2Q 2025). Announcement • Oct 31
Elin Electronics Limited to Report Q2, 2026 Results on Nov 10, 2025 Elin Electronics Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹215, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 45x in the Electronic industry in India. Total loss to shareholders of 15% over the past year. Announcement • Aug 07
Elin Electronics Limited Appoints Varun Surolia as an Assistant General Manager, Effective August 7, 2025 Elin Electronics Limited approved the appointment of Mr. Varun Surolia as an Assistant General Manager and Senior Management Personnel of the Company with effect from August 07, 2025. He is a qualified Chartered Accountant ahd having an experience of more than 4-years. New Risk • Aug 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 50% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹8.74b market cap, or US$99.7m). Reported Earnings • Aug 07
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹6.11 (up from ₹2.90 in FY 2024). Revenue: ₹11.8b (up 13% from FY 2024). Net income: ₹293.2m (up 111% from FY 2024). Profit margin: 2.5% (up from 1.3% in FY 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Announcement • Jul 24
Elin Electronics Limited, Annual General Meeting, Aug 30, 2025 Elin Electronics Limited, Annual General Meeting, Aug 30, 2025, at 10:30 Indian Standard Time. Announcement • Jul 18
Elin Electronics Limited to Report Q1, 2026 Results on Aug 07, 2025 Elin Electronics Limited announced that they will report Q1, 2026 results on Aug 07, 2025 New Risk • Jun 12
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹186, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 47x in the Electronic industry in India. Total returns to shareholders of 11% over the past year. Reported Earnings • May 28
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹6.11 (up from ₹2.90 in FY 2024). Revenue: ₹12.0b (up 15% from FY 2024). Net income: ₹293.2m (up 111% from FY 2024). Profit margin: 2.4% (up from 1.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in India. Announcement • May 16
Elin Electronics Limited to Report Q4, 2025 Results on May 26, 2025 Elin Electronics Limited announced that they will report Q4, 2025 results on May 26, 2025 Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹164, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 46x in the Electronic industry in India. Total returns to shareholders of 3.4% over the past year. Recent Insider Transactions • Mar 19
Insider recently bought ₹22m worth of stock On the 10th of March, Alok Sethia bought around 180k shares on-market at roughly ₹121 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹57m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹132, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 37x in the Electronic industry in India. Total loss to shareholders of 14% over the past year. Reported Earnings • Feb 09
Third quarter 2025 earnings released: EPS: ₹0.29 (vs ₹0.55 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.29 (down from ₹0.55 in 3Q 2024). Revenue: ₹2.66b (up 13% from 3Q 2024). Net income: ₹14.0m (down 47% from 3Q 2024). Profit margin: 0.5% (down from 1.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electronic industry in India. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹145, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 44x in the Electronic industry in India. Total loss to shareholders of 11% over the past year. Announcement • Jan 28
Elin Electronics Limited to Report Q3, 2025 Results on Feb 08, 2025 Elin Electronics Limited announced that they will report Q3, 2025 results at 9:08 AM, Indian Standard Time on Feb 08, 2025 Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹172, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 52x in the Electronic industry in India. Total returns to shareholders of 7.0% over the past year. New Risk • Jan 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.34b (US$96.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹1.00 (vs ₹0.82 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.00 (up from ₹0.82 in 2Q 2024). Revenue: ₹3.07b (up 12% from 2Q 2024). Net income: ₹47.8m (up 22% from 2Q 2024). Profit margin: 1.6% (up from 1.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electronic industry in India. Announcement • Oct 31
Elin Electronics Limited to Report Q2, 2025 Results on Nov 12, 2024 Elin Electronics Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Aug 26
Elin Electronics Limited, Annual General Meeting, Sep 30, 2024 Elin Electronics Limited, Annual General Meeting, Sep 30, 2024, at 10:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹240, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 51x in the Electronic industry in India. Total returns to shareholders of 53% over the past year. Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: ₹1.24 (vs ₹0.79 in 1Q 2024) First quarter 2025 results: EPS: ₹1.24 (up from ₹0.79 in 1Q 2024). Revenue: ₹2.96b (up 17% from 1Q 2024). Net income: ₹59.2m (up 57% from 1Q 2024). Profit margin: 2.0% (up from 1.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in India. Announcement • Jul 25
Elin Electronics Limited to Report Q1, 2025 Results on Aug 06, 2024 Elin Electronics Limited announced that they will report Q1, 2025 results on Aug 06, 2024 Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹213, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 52x in the Electronic industry in India. Total returns to shareholders of 30% over the past year. Reported Earnings • Jun 04
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹2.90 (down from ₹6.29 in FY 2023). Revenue: ₹10.4b (down 3.1% from FY 2023). Net income: ₹138.7m (down 48% from FY 2023). Profit margin: 1.3% (down from 2.5% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in India. Announcement • May 20
Elin Electronics Limited to Report Q4, 2024 Results on May 29, 2024 Elin Electronics Limited announced that they will report Q4, 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹171, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 49x in the Electronic industry in India. Total returns to shareholders of 30% over the past year. Announcement • Apr 17
Elin Electronics Limited Appoints Praveen Tadon as Chief Executive Officer with Effect from April 17, 2024 Elin Electronics Limited at its board meeting held on April 16, 2024 upon the recommendation of nomination and remuneration committee have considered and approved appointment of the Mr. Praveen Tadon as a Chief Executive Officer and Key managerial personnel of the company with effect from April 17, 2024. Mr. Praveen Tandon is an accomplished business leader with expertise in procurement & supply chain. He has more than two decades experience with leading consumer durable & automobile companies in India. He has Strong capabilities in business operations especially Material Procurement, Outsourcing, Vendor development & Cost management. He has excellent inter personal skills with ability to establish and maintain effective working relations with people in multi-cultural, multi- ethnic environment with sensitivity and respect for diversity. He Possesses capability to identify the desired outlook and goals of the organization and link these goals to units with practical action. Mr. Tandon has an engineering background and holds an MS in Manufacturing Management, BITS Pilani and Executive Education Programme in Organizational Development - IIM, Indore. He is also Certified in Production & Inventory Management (CPIM) - APICS,USA, Supply Chain Professional (CSCP) APICS, USA, Certified Six Sigma Black Belt Course - LG Electronics, Korea, ISTDS Diploma in Japanese Language Chiba, Japan and Diploma in Production & Operation Management - IMT, Ghaziabad. Earlier he was associated with Dixon Technologies (India) Limited Noida. Prior to he has worked with LG honda and IFB etc. Recent Insider Transactions • Mar 27
Director of Operations recently bought ₹5.0m worth of stock On the 21st of March, Kishore Sethia bought around 36k shares on-market at roughly ₹141 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kishore's only on-market trade for the last 12 months. Price Target Changed • Mar 07
Price target decreased by 10.0% to ₹216 Down from ₹240, the current price target is an average from 2 analysts. New target price is 43% above last closing price of ₹151. Stock is up 1.7% over the past year. The company is forecast to post earnings per share of ₹4.00 for next year compared to ₹6.29 last year. Board Change • Feb 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Ashish Guha was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹0.55 (vs ₹1.08 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.55 (down from ₹1.08 in 3Q 2023). Revenue: ₹2.39b (up 18% from 3Q 2023). Net income: ₹26.4m (down 42% from 3Q 2023). Profit margin: 1.1% (down from 2.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in India. Announcement • Feb 13
Elin Electronics Limited Announces Audit Committee Changes Elin Electronics Limited announced that at the board meeting held on February 13, 2024 have appointed Dr. Shantilal Sarnot, Independent Director as a member of Audit Committee with effect from February 13, 2024. The details of reconstitution of Audit Committee are as under: Shri Kamal Singh Baid- Chairman- Non-Executive Independent Director; Smt. Shilpa Baid- Member- Non-Executive Independent Director; Dr. Shantilal Sarnot- Member- Non-Executive Independent Director; Shri Kamal Sethia- Member- Executive Director. Announcement • Jan 30
Elin Electronics Limited to Report Q3, 2024 Results on Feb 09, 2024 Elin Electronics Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Recent Insider Transactions • Nov 21
Whole-Time Director recently bought ₹998k worth of stock On the 17th of November, Sanjeev Sethia bought around 6k shares on-market at roughly ₹156 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹4.0m more in shares than they have sold in the last 12 months. New Risk • Nov 09
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 7.4% 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 Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (₹8.05b market cap, or US$96.7m). Announcement • Oct 31
Elin Electronics Limited to Report Q2, 2024 Results on Nov 08, 2023 Elin Electronics Limited announced that they will report Q2, 2024 results at 12:08 PM, Indian Standard Time on Nov 08, 2023 Announcement • Aug 28
Elin Electronics Limited, Annual General Meeting, Sep 30, 2023 Elin Electronics Limited, Annual General Meeting, Sep 30, 2023. Announcement • Aug 03
Elin Electronics Limited to Report Q1, 2024 Results on Aug 10, 2023 Elin Electronics Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • Jul 22
Elin Electronics Limited and Elin Appliances Pvt Ltd Announces Restoration of Production Activity of Manufacturing Plant Situated At Solan, Himachal Pradesh Elin Electronics Limited announced that manufacturing operations of the Elin Electronics Limited and its Wholly-owned subsidiary- Elin Appliances Pvt Ltd. at its Solan plant, Himachal Pradesh which was partially shut down due to heavy rains in Himachal Pradesh, has been restored and it started functioning normally from July 20, 2023, since the water logging around the plant area has significantly receded. Announcement • Jul 13
Elin Electronics Limited and Elin Appliances Pvt Ltd Announce Partial Shutdown of Its Solan Plant, Himachal Pradesh Elin Electronics Limited announced that the manufacturing Operations of the company and its Wholly-owned subsidiary- Elin Appliances Pvt Ltd. at its Solan plant, Himachal Pradesh is under partially Shutdown due to heavy rain in Himachal Pradesh causing water logging around the plant area. The water level has started receding and it will take about one week's time for restoring the Operations completely. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹170, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 44x in the Electronic industry in India. New Risk • Jun 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 7.7% 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 Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (₹8.05b market cap, or US$97.7m). Announcement • May 31
Elin Electronics Limited Recommends Final Dividend for the Financial Year 2022-2023 Elin Electronics Limited announced that at its board meeting held on May 30, 2023, recommendation of final dividend of INR 1 per Equity Share (20%) of the Face Value of INR 5 for the financial year 2022-2023 subject to the approval of shareholders of the company. The dividend, if approved by the shareholders, will be paid within 30 days of approval. Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹6.29 (vs ₹9.59 in FY 2022) Full year 2023 results: EPS: ₹6.29 (down from ₹9.59 in FY 2022). Revenue: ₹10.8b (down 1.5% from FY 2022). Net income: ₹268.0m (down 32% from FY 2022). Profit margin: 2.5% (down from 3.6% in FY 2022). Announcement • May 20
Elin Electronics Limited to Report Q4, 2023 Results on May 30, 2023 Elin Electronics Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹123, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 24x in the Electronic industry in India. Recent Insider Transactions • Mar 08
Whole-Time Director recently bought ₹3.0m worth of stock On the 3rd of March, Sanjeev Sethia bought around 20k shares on-market at roughly ₹152 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹154, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 25x in the Electronic industry in India. Reported Earnings • Feb 12
Third quarter 2023 earnings released Third quarter 2023 results: EPS: ₹1.08. Net income: ₹45.9m (up ₹45.9m from 3Q 2022). Announcement • Jan 26
Elin Electronics Limited to Report Q3, 2023 Results on Feb 10, 2023 Elin Electronics Limited announced that they will report Q3, 2023 results on Feb 10, 2023