K
Back to companies
EMS / Box Build

Elin Electronics

ELINNSEMicro Cap
Live₹129.55syncing…

Electronics components and EMS for consumer durables and industrial applications.

Market Cap
₹644 cr
Price
130
1Y -18%
Direct exposure
40/100
0–100 directness
Sell / Avoid
Fundamental
42/ 100
D

Quality of growth, returns, cash conversion and balance sheet

Technical (TQ-100)
6/ 100
D

Trend, momentum, volume and relative strength composite

Valuation
65/ 100

Higher = cheaper vs peers and own history

Final composite
43/ 100

Blended decision input

Data transparency

What's real, what's pending, on this page

Real financials loaded
✓ Real / verified
  • · Live price, day change, market cap — NSE direct
  • · 1Y OHLCV, RSI(14), 50/200 DMA, 1M/3M/1Y returns, RS vs Nifty — computed from real NSE OHLCV
  • · Sector P/E — NSE direct
  • · Promoter %, pledge %, MF/FII/public split, 9-quarter history — Trendlyne
  • · Earnings call AI summaries — Trendlyne (where available)
  • · Technical (TQ-100) score — computed from real OHLCV
  • · Annual revenue / EBITDA / PAT / OCF / FCF / equity / assets — Trendlyne (audited annuals)
⚠ Analyst-set (qualitative)
  • · Segment classification + semicon directness score — analyst seed
  • · Bull/bear case + monitorables (curated thesis) — analyst seed
  • · Governance risk score (seed) — being replaced by AI-agent assessment
  • · Synthesized 5Y forecast removed entirely (was inaccurate)
Real financials extracted for 42 of 45 companies. See /data-sources for full provenance.
Elin Electronics · ELIN
₹129.55-18.71% over 6M
Price50 DMA200 DMA
RSI (14)
Momentum oscillator · 6M view
Volume (60D)
Fundamental score (SageOne 100)
42/ 100D

Growth 20 / Margin 15 / ROC 20 / Cash 15 / Leverage 10 / Reinvestment 8 / Accounting 7 / Governance 5 minus red flags (capped -20).

Base 46
Red flags -4
Growth quality/ 20
5.2
Rev 1Y 13.1% · 3Y CAGR 2.3%
Margin & profitability/ 15
2.0
EBITDA 4.7% · PAT 2.1%
Return on capital/ 20
4.3
ROCE 9% · ROE 5%
Cash flow quality/ 15
13.6
OCF/EBITDA 76% · FCF yield 5.3%
Leverage discipline/ 10
8.3
Net Debt/EBITDA 0.50x
Reinvestment runway/ 8
2.2
ROCE × retention proxy
Accounting quality/ 7
6.7
OCF conversion proxy
Governance/ 5
3.8
Pledge 0.0% · Risk 24/100
Red flags (1)
  • − Sub-threshold ROCEROCE 9% below 12% threshold-4
✓ Computed from real Trendlyne annuals (revenue, EBITDA, PAT, OCF, equity).
Technical score (TQ-100)
6/ 100D

Computed from real 1Y OHLCV pulled from NSE direct: trend, momentum, volume, RS vs Nifty, MA cluster, mean reversion, volatility, patterns minus red flags.

Base 26
Red flags -20
Trend structure/ 20
4.4
Below 200DMA · -45% from 52W high
Momentum velocity/ 15
6.0
RSI(14) 40 · 1M -2.0%
Volume dynamics/ 15
6.0
Bucket: Micro Cap
Relative strength/ 15
0.5
RS vs Nifty -28%
MA cluster/ 10
0.0
200DMA + 1Y trend confirmation
Mean-reversion runway/ 10
5.0
RSI(14) 40; ideal 50-60
Volatility profile/ 8
3.6
Bucket: Micro Cap
Pattern integrity/ 7
0.0
Trend continuation proxy
Red flags (3)
  • − Below 200 DMALong-term trend broken-10
  • − Deep drawdown-45% from 52W high-8
  • − Underperforming NiftyRS -28%-4

AI research agents

Re-classify segment exposure and re-assess governance risk by running fresh AI agents on the latest data. Results cache to data/agents.json.

Segment classifier
Maps to value-chain segments + computes 0-100 directness
Seed: EMS / Box Build · 40/100
Governance assessor
Forensic-accounting flags + 0-100 risk score
Seed: 24/100 risk

AI thesis

Generates a fresh thesis grounded in this company's data. Wires to Anthropic when ANTHROPIC_API_KEY is set, otherwise returns a deterministic mock.

Curated thesis

Analyst-set bull, bear and monitorables · use AI thesis above for a fresh take

Cheap small EMS; technicals weak and ROCE pedestrian. Wait for inflection.

Bull case
  • +Cheap valuation
  • +Diversified end markets
  • +Improving margins
Bear case
  • −Weak technicals
  • −ROCE compressed
  • −Customer concentration
Key monitorables
Margin recoveryOrder book disclosureROCE trajectory

Semiconductor exposure

How direct, how visible

Primary segment
EMS / Box Build
All segments
EMS / Box Build
Exposure type
Indirect / pull-through
Policy beneficiary
Possible
Import substitution
Medium / Low
Governance risk score
24/100 (lower = better)

Financial snapshot

Latest reported metrics · mock data, ready for live financials

Rev growth (1Y)
13.1%
Rev CAGR (3Y)
2.3%
EBITDA margin
4.7%
PAT margin
2.1%
ROCE
9%
ROE
5%
OCF / EBITDA
76%
Net Debt / EBITDA
0.5x
Promoter holding
55.0%
Promoter pledge
0.0%
Valuation
P/E (TTM)
16.4
Forward P/E
22.0
EV/EBITDA
14.4
EV/Sales
0.7
P/B
1.5
FCF Yield
5.3%
Dividend Yield
0.30%
Hist. percentile
30%
Peer percentile
30%
Technicals
RSI(14)
40
1M return
-2.0%
1Y return
-18%
From 52W high
-45%
RS vs Nifty
-28%
>200 DMA
No
Annual financials — real data

Extracted from Trendlyne · audited annuals · TTM + last 6 fiscal years

✓ Real
LineTTMFY25FY24FY23FY22FY21FY20
Revenue₹1.0k cr₹955 cr₹844 cr₹869 cr₹892 cr₹713 cr₹612 cr
↳ YoY growth+7.3%+13.1%-2.9%-2.6%+25.0%+16.5%—
EBITDA₹54 cr₹45 cr₹57 cr₹68 cr₹58 cr₹45 cr₹43 cr
↳ EBITDA margin5.3%4.7%6.7%7.8%6.5%6.3%7.0%
PAT₹31 cr₹20 cr₹13 cr₹21 cr₹32 cr₹21 cr₹13 cr
↳ PAT margin3.0%2.1%1.5%2.4%3.6%3.0%2.1%
OCF₹20 cr₹34 cr₹50 cr₹72 cr₹-17 cr₹60 cr₹15 cr
↳ OCF / EBITDA37.3%76.0%88.2%105.9%-28.6%132.9%35.7%
FCF (= OCF − capex)₹-5 cr₹34 cr₹-138 cr₹36 cr₹-19 cr₹28 cr₹-11 cr
Total Equity₹450 cr₹430 cr₹422 cr₹238 cr₹184 cr₹163 cr₹146 cr
Total Assets₹593 cr₹543 cr₹621 cr₹428 cr₹387 cr₹295 cr₹309 cr
↳ ROE6.9%4.7%3.0%8.9%17.2%13.1%9.0%
↳ ROA5.2%3.7%2.0%5.0%8.2%7.2%4.2%
Source: Trendlyne (Standalone where Consolidated unavailable). Last refresh on real-data ingest.
Promoter pledge & shareholding history

From Trendlyne · 9 quarters · synced Invalid Date

Pledge: 0.0%
Promoter
33.0%
Mutual Funds
3.5%
FII
0.7%
Public
60.9%
Promoter holding trend
33.4
Mar
33.4
Jun
33.4
Sep
33.4
Dec
33.0
Mar
33.0
Jun
33.0
Sep
33.0
Dec
33.0
Mar
Δ:-0.4% over 9 quarters
Commentary
  • ·Promoter at 33% — moderate
  • ·No pledge
  • ·60.9% public-held
Management quality

Capital allocation, debt discipline, alignment, governance composite. Computed from disclosed metrics.

Capital allocation
Sub-threshold ROCE; capital allocation needs scrutiny.
ROCE 9%, div yield 0.3%
Promoter holding
Promoter has strong skin in the game.
55.0%
Promoter pledge
No pledging — cleanest signal.
0.0%
Debt discipline
Comfortable leverage band.
Net Debt/EBITDA 0.50x
Cash conversion
Reported EBITDA reliably translates into cash.
OCF/EBITDA 76%
Governance composite
Some watchpoints; nothing disqualifying.
24/100 risk
Variant perception

What the market is pricing in versus our read, and what would invalidate the thesis.

What the market is pricing in

Slowing growth and execution risk. The market is treating Elin Electronics as broken until quarterly numbers prove otherwise.

What we think it's missing

Consensus appears reasonable. Look for thesis-changing catalysts (margin inflection, new customer wins, segment mix shift) rather than narrative re-rating alone.

Thesis killers
  • ×Demand cycle softens enough to derail margin expansion

References

Wire to live data sources in production

NSE filingsScreenerBSE corporate filingsAnnual report (latest)Concall transcript (latest)Investor presentation