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Elin Electronics

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Elin Electronics Limited was originally incorporated on March 26, 1982 as a private limited company with the name Elin Electronics Private Limited' granted by the RoC, West Bengal at Kolkata. Subsequently, name of the Company was changed to Elin Electronics Limited' upon conversion into a Public Limited Company on November 22, 1987.
The Company is a leading Electronics Manufacturing Services (EMS) manufacturer of end-to end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and are one of the largest fractional horsepower motors manufacturers in India. The Company manufacture and assemble a wide array of products and provide end-to-end product solutions. It serve under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. Under the OEM model, it manufacture and supply products basis designs developed by customers, who then further distribute these products under their own brands. Under the ODM model, it conceptualize and design products which are then marketed to customers' prospective customers under their brands. Besides these, the Company has developed ODM capabilities with respect to lighting products and small appliances.
Their key diversified product portfolio in EMS includes (i) LED lighting, fans and switches including lighting products, ceiling, fresh air and TPW fans, and modular switches and sockets; (ii) small appliances such as dry and steam irons, toasters, hand blenders, mixer grinders, hair dryer and hair straightener; (iii) fractional horsepower motors, which is used in mixer grinder, hand blender, wet grinder, chimney, air conditioner, heat convector, TPW fans etc.; and (iv) other miscellaneous products such as terminal block for air conditioners, stainless steel blade for mixer grinders, die casting, radio sets. In addition to EMS offerings, the Company also manufacture medical diagnostic cartridges for use in diagnostic devices, and plastic moulded and sheet metal parts and components, largely for customers in the auto ancillary and consumer durables sectors. It manufacture and sell fractional horsepower motors in own brand name 'Elin'.
Apart from these, the Company offer innovative solutions to our customers, which include leading international and national consumer electronics brands. Their comprehensive solution suite includes global sourcing, fabrication of components and parts, captive manufacturing and assembly, quality testing, packaging and logistics support, which enables the customer to partner with leading consumer electronics and appliances brands in India. The Company has 3 manufacturing facilities which are strategically located in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh) and Verna (Goa).
The Company's manufacturing facilities are equipped with high quality machinery, assembly lines and full power backup for 100% capacity that enable to meet the quality requirements of customers in a timely manner. In line to provide endto-end product solutions and develop better control on the supply chain and improve margins, the Company has backward integrated major manufacturing processes. It has developed in-house capabilities in SMT lines, die and mold manufacturing, injection molding, sheet metal components, semi-automated motor assembly, testing labs and surface coating.
In 1969, the Company established their manufacturing operations for Electronic Industries of India'.
In 1977, it commenced manufacturing of motors as a backward integration.
In 1996, it set up plants in Goa for manufacturing appliances for Philips.
In 1999, it started manufacturing of small appliances.
In 2001, it diversified into various categories of motors and started manufacturing luminaires for Philips.
In 2004, a plant set up in Baddi for manufacturing appliances was opened. The Company subsequently progressed into manufacturing of flashlights for Eveready Industries India Limited in 2007.
In 2019, the Company started manufacturing fans and commenced production facilities of medical diagnostic cartridges.
Elin Electronics share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Elin Electronics indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Elin Electronics is valued compared to its competitors.
Elin Electronics PE ratio helps investors understand what is the market value of each stock compared to Elin Electronics 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Elin Electronics evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Elin Electronics generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Elin Electronics in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Elin Electronics shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Elin Electronics compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Elin Electronics over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Elin Electronics helps investors get an insight into when they can enter or exit the stock. Key components of Elin Electronics Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Elin Electronics shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Elin Electronics ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Elin Electronics provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Elin Electronics highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Elin Electronics .
The balance sheet presents a snapshot of Elin Electronics ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.