Elnet Technolog

Why is Elnet Technologies Ltd falling/rising?

As of 23-Jun, Elnet Technologies Ltd's stock price is declining, currently at 332.35, down -1.44%. The stock has fallen for two consecutive days and underperformed compared to the broader market and its sector, indicating a bearish trend.

As of 23-Jun, Elnet Technologies Ltd is experiencing a decline in its stock price, currently at 332.35, which reflects a change of -4.85 (-1.44%). The stock has been on a downward trend, having fallen for the last two consecutive days, resulting in a total decline of -2.87% during this period. <BR><BR>In comparison to the broader market, Elnet's performance over the past week shows a decrease of -1.73%, while the Sensex has only fallen by -0.79%. Over the past month, Elnet has dropped -3.32%, contrasting with a +1.04% increase in the Sensex. Year-to-date, the stock is down -6.96%, although it has outperformed the Sensex, which is down -10.58%. <BR><BR>Additionally, Elnet Technologies is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Investor participation appears to be declining as well, with delivery volume on June 19 falling by -88.61% compared to the 5-day average. The IT - Software sector, in which Elnet operates, has also seen a decline of -2.18%, contributing to the negative sentiment surrounding the stock. <BR><BR>Overall, the combination of consecutive price falls, underperformance relative to the sector and market benchmarks, and reduced investor participation are key factors contributing to the decline in Elnet Technologies Ltd's stock price.

Which are the latest news on Elnet Technolog?

What does Elnet Technolog do?

Elnet Technologies Ltd develops and maintains software technology parks and BPO services, classified as a Micro Cap company. As of March 2026, it reported net sales of 6 Cr and a net profit of 5 Cr, with a market cap of INR 133 Cr.

Overview: <BR>Elnet Technologies Ltd is engaged in developing and maintaining an integrated software technology park and Business Process Outsourcing Industries, operating within the Computers - Software & Consulting industry and classified as a Micro Cap company.<BR><BR>History: <BR>Elnet Technologies Ltd was incorporated in August 1990 as a Public Limited Company. The latest quarterly results reported are for March 2026, showing net sales and profit figures.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 6 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 5 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 133 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 7.00 <BR>Industry P/E: 20 <BR>Dividend Yield: 0.57% <BR>Debt-Equity: -0.49 <BR>Return on Equity: 11.44% <BR>Price to Book: 0.76 <BR><BR>Contact Details: <BR>Address: Elnet Software City TS 140, B N 2&9 RajivGandhi S Taramani Chennai Tamil Nadu : 600113 <BR>Tel: 91-044-22541337/1098 <BR>Email: elnetcity@gmail.com <BR>Website: http://www.elnettechnologies.com

How big is Elnet Technolog?

As of 10th June, Elnet Technologies Ltd has a market capitalization of 133.00 Cr, with recent net sales of 24.95 Cr and a net profit of 20.09 Cr. Shareholder's funds are 67.76 Cr and total assets amount to 88.37 Cr as of March 2018.

As of 10th June, Elnet Technologies Ltd has a market capitalization of 133.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest 4 quarters, Elnet Technologies reported Net Sales of 24.95 Cr and a Net Profit of 20.09 Cr.<BR><BR>The latest annual period for the balance sheet is March 2018, with Shareholder's Funds amounting to 67.76 Cr and Total Assets of 88.37 Cr.

Who are in the management team of Elnet Technolog?

The management team of Elnet Technolog includes Unnamalai Thiagarajan (Executive Director & Managing Director) and 11 non-executive directors, including Aneesh Sekhar (Chairman) and C Ramachandran, among others, who collectively guide the company and make strategic decisions.

The management team of Elnet Technolog includes the following members:<BR><BR>1. **Unnamalai Thiagarajan** - Executive Director & Managing Director<BR>2. **Aneesh Sekhar** - Chairman (Non-Executive) & Director (Non-Independent)<BR>3. **C Ramachandran** - Non-Executive & Non-Independent Director<BR>4. **J Ravi** - Non-Executive & Non-Independent Director<BR>5. **Kirubanandhan** - Non-Executive & Non-Independent Director<BR>6. **N. Srivathsa Desikan** - Non-Executive & Non-Independent Director<BR>7. **G Chellakrishna** - Non-Executive & Non-Independent Director<BR>8. **R. Ganapathi** - Non-Executive & Non-Independent Director<BR>9. **H Karthik Seshadri** - Non-Executive & Non-Independent Director<BR>10. **G Senrayaperumal** - Non-Executive & Non-Independent Director<BR>11. **K Kasim** - Non-Executive & Non-Independent Director<BR>12. **A. P Radhakrishnan** - Non-Executive & Non-Independent Director<BR><BR>This team is responsible for guiding the company and making strategic decisions.

Who are the peers of the Elnet Technolog?

Elnet Technolog's peers include Trigyn Techno, Dev Information, VL E-Governance, Meta Infotech, and others. Meta Infotech shows excellent management risk and growth, while Elnet Technolog has below average growth and a 1-year return of -2.34%.

Peers: The peers of Elnet Technolog are Trigyn Techno., Dev Information, VL E-Governance, Meta Infotech, Secmark Consult., Focus Business, Sancode Tech., Enfuse Solutions, and Esconet.<BR><BR>Quality Snapshot: Excellent management risk is observed at Meta Infotech, while Average management risk is found at Trigyn Techno., Dev Information, Secmark Consult., Focus Business, and Elnet Technolog. Below Average management risk is noted at VL E-Governance, Sancode Tech., Enfuse Solutions, and Richa Info. For growth, Good growth is seen at Meta Infotech and Secmark Consult., Average growth at VL E-Governance and Sancode Tech., and Below Average growth at Elnet Technolog, Trigyn Techno., Dev Information, and Focus Business. In terms of capital structure, Excellent capital structure is noted at Meta Infotech and Elnet Technolog, Good capital structure at Secmark Consult., Focus Business, and Esconet, and Below Average capital structure at Dev Information, VL E-Governance, and Sancode Tech.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Sancode Tech. at 353.62%, while VL E-Governance has the lowest at -77.11%. Elnet Technolog's 1-year return is -2.34%, which is higher than VL E-Governance but lower than Sancode Tech. Additionally, the six-month return is negative for Trigyn Techno., Dev Information, VL E-Governance, and Enfuse Solutions.

Are Elnet Technologies Ltd latest results good or bad?

Elnet Technologies Ltd's latest results are mixed; while it reported a 6.13% year-on-year profit increase and strong operating margins, concerns arise from a 4.50% sequential revenue decline and a low five-year sales growth rate of 1.88%, along with a heavy reliance on non-operating income. Overall, these factors suggest potential weaknesses in the company's future performance despite some positive indicators.

Elnet Technologies Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹5.02 crore for Q4 FY26, which is a 6.13% increase year-on-year, and revenue of ₹6.16 crore, reflecting a significant 17.78% growth compared to the same quarter last year. Additionally, the operating margin remains strong at 70.13%, up from 60.04% a year ago.<BR><BR>However, these positive aspects are overshadowed by some concerning trends. The revenue declined by 4.50% sequentially from the previous quarter, indicating ongoing volatility in its top-line performance. Furthermore, the company's five-year sales growth rate is a mere 1.88%, raising questions about its ability to generate sustainable growth. <BR><BR>Another critical concern is the high dependency on non-operating income, which constituted 44.21% of profit before tax in the latest quarter. This reliance suggests that the company's core operations are not sufficiently robust to support its profitability.<BR><BR>In summary, while Elnet Technologies shows strong margins and consistent profitability, the lack of meaningful growth and heavy reliance on non-core income raise fundamental concerns about its future performance. Investors may view the results as a signal of underlying weaknesses despite some positive metrics.

Should I buy, sell or hold Elnet Technologies Ltd?

When is the next results date for Elnet Technologies Ltd?

The next results date for Elnet Technologies Ltd is February 5, 2026.

The next results date for Elnet Technologies Ltd is scheduled for February 5, 2026.

Is Elnet Technolog overvalued or undervalued?

As of November 27, 2025, Elnet Technologies is fairly valued with a PE ratio of 7.25, significantly lower than peers like TCS and Infosys, and despite recent underperformance, it shows strong long-term growth potential with a five-year return of 184.42%.

As of 27 November 2025, Elnet Technolog's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 7.25, a Price to Book Value of 0.84, and an EV to EBITDA ratio of 4.03. These figures suggest that Elnet is trading at reasonable multiples compared to its earnings and asset values.<BR><BR>In terms of peer comparison, Elnet's PE ratio of 7.25 is significantly lower than that of TCS, which stands at 22.56, and Infosys, with a PE of 23.14, both of which are considered attractive. Additionally, Elnet's PEG ratio of 0.71 further supports its valuation as it indicates potential for growth relative to its price. Despite recent underperformance against the Sensex, with a year-to-date return of -15.82% compared to the Sensex's 9.70%, the long-term performance over five years shows a robust return of 184.42%, reinforcing the potential for recovery and value in Elnet Technolog.

How has been the historical performance of Elnet Technolog?

Elnet Technolog has shown steady growth in net sales and profitability, with a profit after tax increase to 9.00 Cr in Mar'18 and an improved PAT margin of 40.51%. Total assets rose to 88.37 Cr, reflecting strong financial performance and asset growth.

Answer:<BR>The historical performance of Elnet Technolog shows a steady growth in net sales and profit over the years, with significant improvements in profitability metrics.<BR><BR>Breakdown:<BR>Elnet Technolog's net sales have shown slight fluctuations, with a peak of 22.67 Cr in Mar'17 and a decrease to 22.21 Cr in Mar'18. Total operating income mirrored this trend, remaining relatively stable around the 22 Cr mark. The company's total expenditure, excluding depreciation, increased from 9.73 Cr in Mar'17 to 10.56 Cr in Mar'18, primarily due to rising employee and manufacturing costs. Despite this, operating profit (PBDIT) remained strong, at 15.32 Cr in Mar'18, slightly down from 15.56 Cr in the previous year. Profit before tax also saw a modest increase to 12.33 Cr in Mar'18 from 12.06 Cr in Mar'17, leading to a profit after tax of 9.00 Cr, up from 7.83 Cr. The earnings per share rose to 22.5 in Mar'18, reflecting the company's robust profitability, while the PAT margin improved to 40.51%. On the balance sheet, total assets increased to 88.37 Cr in Mar'18, up from 78.07 Cr in Mar'17, driven by higher cash and bank balances, which rose significantly to 40.22 Cr. The total liabilities also increased to 88.37 Cr, with total debt remaining stable at 4.26 Cr. Overall, Elnet Technolog has demonstrated a solid financial performance with increasing profitability and asset growth over the years.

Who are the top shareholders of the Elnet Technolog?

The top shareholders of Elnet Technolog include Electronics Corporation Of Tamilnadu Limited with 26.0% and individual investors with 38.35%. The largest public shareholder is Sangeetha S, holding 3.36%, while there are no mutual funds or foreign institutional investors involved.

The top shareholders of Elnet Technolog include the promoter, Electronics Corporation Of Tamilnadu Limited, which holds 26.0% of the shares. Additionally, individual investors collectively own 38.35% of the company. The highest public shareholder is Sangeetha S, with a holding of 3.36%. There are currently no mutual funds or foreign institutional investors (FIIs) holding shares in the company.

What is the technical trend for Elnet Technolog?

As of June 4, 2025, Elnet Technologies shows a mildly bearish trend, with mixed signals from key indicators like the weekly MACD and RSI, while daily moving averages reinforce the short-term negative outlook.

As of 4 June 2025, the technical trend for Elnet Technolog has changed from bearish to mildly bearish. The weekly MACD is mildly bullish, but the monthly MACD is mildly bearish, indicating mixed signals. The weekly RSI is bearish, while the monthly RSI shows no signal, suggesting weakness in momentum. Bollinger Bands are bearish on the weekly timeframe and sideways on the monthly, reflecting a lack of clear direction. Daily moving averages are mildly bearish, reinforcing the short-term negative outlook. KST shows a mildly bullish stance weekly but is mildly bearish monthly, adding to the mixed sentiment. Dow Theory indicates no trend in both weekly and monthly perspectives. Overall, the current stance is mildly bearish, with key indicators like the weekly RSI and daily moving averages driving this view.

Has Elnet Technolog declared dividend?

Elnet Technologies Ltd has declared a 17% dividend, amounting to 1.7 per share, with an ex-date of September 17, 2024. Despite recent fluctuations, the company has shown strong total returns over longer periods, particularly a 301.22% total return over the past 5 years.

Elnet Technologies Ltd has declared a 17% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 17%<BR>- Amount per share: 1.7<BR>- Ex-date: Sep-17-2024<BR><BR>Dividend Yield: 0.48%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -18.32%, the dividend return was 0%, resulting in a total return of -18.32%.<BR><BR>Over the past year, the price return was 2.9%, with a dividend return of 0.51%, leading to a total return of 3.41%.<BR><BR>In the 2-year period, the price return was 94.71%, the dividend return was 1.94%, culminating in a total return of 96.65%.<BR><BR>For the 3-year period, the price return was 125.74%, the dividend return was 4.07%, resulting in a total return of 129.81%.<BR><BR>In the last 4 years, the price return was 143.83%, with a dividend return of 4.20%, leading to a total return of 148.03%.<BR><BR>Finally, over the past 5 years, the price return was 293.15%, the dividend return was 8.07%, resulting in a total return of 301.22%.<BR><BR>Overall, Elnet Technologies Ltd has declared a dividend and has shown significant total returns over longer periods, particularly in the 5-year span, indicating strong performance despite recent fluctuations in the short term.