Elin electronics share price

Electronics manufacturing services provider Elin Electronics is expected to start trading on the stock exchanges on a muted note on December 30. Though the initial public offering (IPO) subscription numbers were decent, but lower-than-expected, which may be a key reason for the expected muted listing. Another key reason may be the volatility in the markets following the recent correction, analysts said. However, they pointed out that Elin’s public issue was attractively-priced compared to its peers Amber Enterprises and Dixon Technologies, and the company has strong financials (barring slight weakness in operating profit margin). Elin’s public issue of December 20-22, 2022 was subscribed 3.09 times, with qualified institutional buyers (QIBs) putting in applications for 4.51 times the allotted quota, high networth individuals (HNIs) 3.29 times, and retail investors 2.2 times. The grey market, the unofficial platform for trading in IPO shares, has indicated a muted listing for the stock. Elin’s shares traded here at a discount of around 2 percent to the issue price of Rs 247, analysts said. Elin provides electronics manufacturing services for major brands of lighting, fans, and small kitchen appliances in India, and is also one of the largest fractional horsepower motor manufacturers in India. Click Here To Read All IPO Related News "Elin Electronics has seen a drop in its grey market price over the last few days, owing to the sour market sentiment. We expect the stock to li...

Elin Electronics Limited reported earnings results for the full year ended March 31, 2023. For the full year, the company reported sales was INR 10,754.28 million compared to INR 10,937.54 million a year ago. Revenue was INR 10,776.96 million compared to INR 10,946.68 million a year ago. Net income was INR 268.02 million compared to INR 391.82 million a year ago. Basic earnings per share from continuing operations was INR 6.29 compared to INR 9.59 a year ago. Diluted earnings per share from continuing operations was INR 6.29 compared to INR 9.59 a year ago.

Kolkata-based The company has done well over the past two years thanks to the strong bounce back in demand after the pandemic. However, its valuation seems to fully capture the growth momentum. Given this and lower promoter group holding make the IPO more suitable for long term investors with high risk appetite. Business Incorporated in 1982, Elin manufactures and assembles a wide array of products including LED lighting, fans and switches, small appliances, fractional horsepower motors, medical diagnostic cartridges, which together account for over 90% of the revenue. Its clients include Signify, which contributes 84% to LED lighting fans and switches revenue, Philips which forms 84% of small appliances revenue and In FY22, revenue grew by 27% year-on- year to Rs 1,094 crore while net profit rose by 14% to Rs 39 crore. The company will use Rs 88 crore from IPO proceeds to reduce debt from Rs 100 crore in FY22. The return on equity (RoE) was 12-14% over the past three years. In the first half of FY23, revenue and net profit were Rs 604 crore and Rs 21 crore, respectively.

15 Jun 171.60 (1.00%) 14 Jun 169.90 (5.50%) 13 Jun 161.05 (-0.65%) 12 Jun 162.10 (10.42%) 09 Jun 146.80 (3.49%) 08 Jun 141.85 (-1.87%) 07 Jun 144.55 (0.52%) 06 Jun 143.80 (-0.10%) 05 Jun 143.95 (2.71%) 02 Jun 140.15 (3.66%) 01 Jun 135.20 (0.63%) 31 May 134.35 (-4.45%) 30 May 140.60 (-8.04%) 29 May 152.90 (1.97%) 26 May 149.95 (1.32%) 25 May 148.00 (-3.80%) 24 May 153.85 (5.09%) 23 May 146.40 (3.68%) 22 May 141.20 (3.86%) 19 May 135.95 (0.52%) 18 May 135.25 (0.07%) Intraday Support and Resistance (Based on Pivot Points) | Updated On Jun 15, 2023 04:00 PM For Next Trading Session Pivots Classic Fibonacci Camarilla Woodie DM R3 180.94 178.47 173.22 - - R2 178.47 176.22 172.68 178.23 - R1 175.04 174.82 172.14 174.56 176.75 P 172.57 172.57 172.57 172.33 173.43 S1 169.14 170.32 171.06 168.66 170.85 S2 166.67 168.92 170.52 166.43 - S3 163.24 166.67 169.98 - - Elin Electronics Ltd Profit & Loss Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 INCOME 335.71 375.73 399.28 472.91 441.47 498.93 620.7 617.83 716.98 899.02 PROFIT 9.12 11.57 11.71 17.7 12.48 13.01 15.34 12.87 27.41 31.79 EPS 14.5 18.68 18.71 28.15 19.9 20.86 28.78 18.38 39.32 7.48 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 SOURCES OF FUNDS : Share Capital 20.42 6.81 6.81 4.96 6.29 Reserves Total 282.67 255.44 202 183.42 138.62 Equity Application Money 0.03 0.03 0 1.85 0 Total Shareholders Funds 303.12 262.28 208.81 190.23 144.91 Secured Loans 92.74 105.47 68.94 86.3 61.55 Unsecu...

Elin Electronics Ltd.: Share Price, Stock Analysis, Annual Report | Value Research Elin Electronics Ltd.: Share Price, Stock Analysis, Annual Report | Value Research https://www.valueresearchonline.com/stocks/313933/elin-electronics-ltd/ Get Elin Electronics Ltd.'s stock analysis, price valuation, corporate actions, and financials from India's independent mutual fund research house. Business Elin Electronics Limited provides design and manufacturing services for electric motors, tools, moulds, dies, kitchen appliances, personal care and lighting products, and automotive components in India and internationally. The company manufactures and assembles switches including lighting ceiling, TPW fans, and modular products, switches, and sockets; LED lighting, fans; small appliances such as dry and steam irons, toasters, hand blenders, mixer grinders, hair dryer, and hair straightener; and fractional horsepower motors, which are used in mixer grinder, hand blender, wet grinder, chimney, air conditioner, heat convector, TPW fans, etc. It also provides terminal blocks for air conditioners; stainless steel blades for mixer grinders, die castings, and radio sets, as well as manufactures medical diagnostic cartridges for use in diagnostic devices; and plastic molded and sheet metal parts and components. The company serves original equipment manufacturers and original design manufacturers. Elin Electronics Limited was founded in 1969 and is based in New Delhi, India.