Elin Electronics

NSE: ELIN · Household Appliances

52W Range₹94 ₹234

Snapshot

Unlock Elin Electronics's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Elin Electronics is an Indian manufacturing company providing design and production services for electric motors, kitchen appliances, personal care products, and automotive components. The company operates as an original equipment manufacturer (OEM) and original design manufacturer (ODM) for various consumer and industrial brands.

Business Model

The company generates revenue through the design, development, and manufacturing of electronic and mechanical components and finished goods. It leverages its expertise in tooling, moulding, and assembly to serve diverse sectors including lighting, home appliances, and medical diagnostics.

  • Founded:1969

Growth Outlook

Growth is driven by the expansion of its ODM capabilities and the increasing demand for fractional horsepower motors and personal care appliances. The company continues to diversify its product portfolio into medical diagnostic components and automotive parts to capture broader market opportunities.

Key Risks

  • Customer Concentration. The company's reliance on a limited number of OEM/ODM clients poses a risk if major contracts are lost or demand from key customers fluctuates.
  • Input Cost Volatility. Fluctuations in the prices of raw materials like steel, copper, and plastic resins can significantly impact manufacturing margins.
  • Competitive Intensity. The household appliance and electronics manufacturing sector is highly competitive, requiring constant investment in R&D and tooling to maintain market share.
  • Technological Obsolescence. Rapid changes in consumer preferences and electronic standards necessitate continuous innovation to remain relevant as a design and manufacturing partner.

Price

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Key Metrics

REVENUE

₹1,288 Cr

TTM · consolidated

+9.8%YoY

NET PROFIT

₹23 Cr

TTM · consolidated

-23.0%YoY

EPS

₹4.63

TTM · consolidated

-24.3%YoY

RETURN ON EQUITY

4.2%

TTM · consolidated

-1.5 ppYoY

RETURN ON CAPITAL EMPLOYED

6.8%

TTM · consolidated

-2.0 ppYoY

P/E

23.6x

Q4 FY26 · consolidated

23.6 vs 30.1x5Y avg

EV/EBITDA

8.8x

Q4 FY26 · consolidated

8.8 vs 10.1x5Y avg

EBITDA MARGIN

4.9%

TTM · consolidated

-1.1 ppYoY

NET PROFIT MARGIN

-0.2%

Q4 FY26 · consolidated

-5.7 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

-0.01xYoY

Peers · Household Appliances

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Elin ElectronicsELIN
51923.638.809.8%4.9%4.2%6.8%-41.2%
Wonder Electric.WEL
1,738149.1650.674.3%8.7%16.1%-35.7%
Stove KraftSTOVEKRAFT
1,58161.2716.1910.9%9.8%8.8%12.2%+30.4%
Butterfly Gan ApBUTTERFLY
1,08930.2215.429.1%9.4%13.5%18.0%+6.2%
Singer IndiaSINGERIND
43023.6312.9429.1%5.1%10.7%14.6%
Forbes & CoFORBESCO
41118.3010.5824.3%57.9%14.5%-36.4%

As of Q4 FY26

Financials