Elango Industrie

Why is Elango Industries Ltd falling/rising?

As of 17-Jul, Elango Industries Ltd's stock price is at 11.10, unchanged, but has declined 21.00% year-to-date and 21.28% over the past month. The stock is trading below its moving averages, indicating a bearish trend, despite a recent increase in investor participation.

As of 17-Jul, Elango Industries Ltd's stock price is currently at 11.10, showing no change (0.00%). The stock has experienced a decline in recent periods, with a 4.31% drop over the past week and a significant 21.28% decrease over the past month. Year-to-date, the stock is down 21.00%, although it has shown some resilience over the past year with a slight increase of 0.91%.<BR><BR>The stock 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. Additionally, the stock has exhibited erratic trading behavior, having not traded on 2 out of the last 20 days. However, there has been a notable increase in investor participation, with delivery volume rising by 553.92% on July 13 compared to the 5-day average, suggesting some renewed interest from investors.<BR><BR>Despite the increase in delivery volume, the overall performance of Elango Industries Ltd remains weak compared to the benchmark Sensex, which has gained 0.75% over the past week. This context of declining stock performance, combined with the current trading below moving averages and erratic trading patterns, indicates that the stock is currently falling.

Which are the latest news on Elango Industrie?

How big is Elango Industrie?

As of 10th June, Elango Industries Ltd has a market capitalization of 6.00 Cr and reported Net Sales of 0.24 Cr with a Net Profit loss of 0.14 Cr in the latest four quarters. Shareholder's Funds were 3.77 Cr and Total Assets were 4.71 Cr as of March 2025.

As of 10th June, Elango Industries Ltd has a market capitalization of 6.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Elango Industries reported Net Sales of 0.24 Cr. However, the company experienced a Net Profit loss of 0.14 Cr during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, where Shareholder's Funds amounted to 3.77 Cr and Total Assets were valued at 4.71 Cr.

Who are in the management team of Elango Industrie?

The management team of Elango Industrie consists of S Elangovan (Chairman & Managing Director), S A Premkumar (Director), Preethi Natarajan (Independent Director), M Ramasamy (Independent Director), and Manali Mehta (Company Secretary & Compliance Officer).

The management team of Elango Industrie includes the following individuals:<BR><BR>1. S Elangovan - Chairman & Managing Director<BR>2. S A Premkumar - Director<BR>3. Preethi Natarajan - Independent Director<BR>4. M Ramasamy - Independent Director<BR>5. Manali Mehta - Company Secretary & Compliance Officer<BR><BR>If you have any more questions about the company or its operations, feel free to ask!

Who are the peers of the Elango Industrie?

Elango Industrie's peers include Castora Agri Com, Monind, Eastcoast Steel, Sh. Steel Wire, MFS Intercorp, Shree Precoated, Aditya Ispat, Vallabh Steels, and Mahalaxmi Seam. Notably, Castora Agri Com has the highest 1-year return at 125.34%, while Elango Industrie’s return is 18.33%.

Peers: The peers of Elango Industrie are Castora Agri Com, Monind, Eastcoast Steel, Sh. Steel Wire, MFS Intercorp, Shree Precoated, Aditya Ispat, Vallabh Steels, and Mahalaxmi Seam.<BR><BR>Quality Snapshot: Excellent management risk is observed at MFS Intercorp, while Below Average management risk is found at Castora Agri Com, Eastcoast Steel, Sh. Steel Wire, Elango Industrie, Aditya Ispat, and Mahalaxmi Seam. The peers Monind, Shree Precoated, and Vallabh Steels do not qualify for management risk assessment. Average growth is noted at Castora Agri Com and Eastcoast Steel, while Below Average growth is seen at Sh. Steel Wire, MFS Intercorp, Elango Industrie, Aditya Ispat, and Mahalaxmi Seam. Monind and Shree Precoated do not qualify for growth assessment. Capital Structure is rated as Good for Sh. Steel Wire, Below Average for Castora Agri Com, Eastcoast Steel, MFS Intercorp, Elango Industrie, Aditya Ispat, and Mahalaxmi Seam, while Monind, Shree Precoated, and Vallabh Steels do not qualify.<BR><BR>Return Snapshot: Castora Agri Com has the highest 1-year return at 125.34%, while Monind has the lowest at -8.86%. Elango Industrie’s 1-year return of 18.33% is higher than Monind's but significantly lower than Castora Agri Com's. Additionally, the six-month returns for Eastcoast Steel, MFS Intercorp, Sh. Steel Wire, Aditya Ispat, Mahalaxmi Seam, and Monind are negative.

What does Elango Industrie do?

Elango Industries Ltd, established in 1989, operates in the Iron & Steel Products industry and is now focused on a gas-based power plant after selling its steel operations. As of March 2026, it has a market cap of INR 6 Cr and reported a net profit of 0 Cr.

Overview: <BR>Elango Industries Ltd operates in the Iron & Steel Products industry and is categorized as a Micro Cap company.<BR><BR>History: <BR>Elango Industries Ltd was established in 1989 and initially focused on manufacturing Steel Ingots from 1991 to 2003. The company went public in 1993 and later sold its steel operations after about ten years, commissioning a 7 Mw Gas-based power plant in 2005. The latest quarterly results reported net profit for March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 6 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 32 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.00 <BR>Return on Equity: -4.04% <BR>Price-to-Book: 1.54<BR><BR>Contact Details: <BR>Address: No 5 Ranganathan Garden, 15th Main Road Extn Anna Nagar Chennai Tamil Nadu : 600040 <BR>Phone: 91-44-42172116 <BR>Email: asokan@kaveripower.com <BR>Website: http://www.elangoindustries.com

When is the next results date for Elango Industries Ltd?

Elango Industries Ltd will declare its results on 28 May 2026.

Elango Industries Ltd will declare its results on 28 May 2026.

Should I buy, sell or hold Elango Industries Ltd?

Are Elango Industries Ltd latest results good or bad?

Elango Industries Ltd's latest results are concerning, with net sales dropping to ₹0.00 crores and a net loss of ₹0.03 crores in Q3 FY26, indicating severe operational challenges. The company's stock has also declined 41.49% year-to-date, raising doubts about its long-term viability.

The latest results for Elango Industries Ltd are quite concerning. In Q3 FY26, the company reported net sales of ₹0.00 crores, marking a complete collapse in revenue generation compared to ₹0.03 crores in the previous quarter. This represents a staggering 100% decline both sequentially and year-on-year. Additionally, the company incurred a net loss of ₹0.03 crores, worsening from a loss of ₹0.01 crores in the prior quarter.<BR><BR>The financial performance highlights a severe operational shutdown, raising significant doubts about the company's business model and long-term viability. Over the past several quarters, Elango Industries has struggled to maintain consistent revenue streams, and the absence of any sales in the latest quarter raises fundamental questions about its future.<BR><BR>Furthermore, the stock has been on a steep decline, falling 41.49% year-to-date, which is significantly worse than the broader market's performance. The company's average return on equity (ROE) over the past five years is a meager 0.77%, indicating poor capital efficiency.<BR><BR>Overall, the results can be classified as bad, reflecting deep-rooted operational challenges and a lack of clear strategic direction. Investors should approach this company with caution, given the critical issues it faces.

How has been the historical performance of Elango Industrie?

Elango Industrie has experienced fluctuating net sales, reporting 0.96 Cr in March 2025, down from 2.58 Cr in March 2024, and has faced ongoing profitability challenges with negative operating profit and losses in profit before and after tax. The company has also seen a slight decrease in total assets and liabilities, indicating ongoing financial difficulties.

Answer:<BR>The historical performance of Elango Industrie shows a fluctuating trend in net sales and profitability over the years.<BR><BR>Breakdown:<BR>Elango Industrie reported net sales of 0.96 Cr in March 2025, a significant decrease from 2.58 Cr in March 2024, and a rise from 0.00 Cr in March 2023. The total operating income mirrored this trend, with figures of 0.96 Cr in March 2025 and 2.58 Cr in March 2024, compared to 0.55 Cr in March 2022 and 0.25 Cr in March 2021. The company's total expenditure, excluding depreciation, was 1.15 Cr in March 2025, down from 2.70 Cr in March 2024, indicating a reduction in costs. However, the operating profit (PBDIT) remained negative at -0.19 Cr in March 2025, slightly worse than -0.12 Cr in March 2024, reflecting ongoing challenges in achieving profitability. The profit before tax also showed a loss of -0.21 Cr in March 2025, compared to -0.14 Cr in March 2024, while the profit after tax was -0.22 Cr in March 2025, worsening from -0.14 Cr in March 2024. The company's total assets decreased to 4.71 Cr in March 2025 from 4.73 Cr in March 2024, and total liabilities slightly decreased to 4.71 Cr in March 2025 from 4.73 Cr in March 2024. Cash flow from operating activities was negative at -1.00 Cr in March 2024, consistent with the trend of cash outflows in previous years. Overall, Elango Industrie has faced significant challenges in maintaining sales and profitability, with a notable decline in net sales and persistent losses over the years.

Is Elango Industrie overvalued or undervalued?

As of April 25, 2023, Elango Industrie is rated as risky and overvalued, with a PE ratio of -5.32 and a ROCE of -6.10%, significantly lagging behind peers like Altius Telecom and Embassy Office REIT, despite a strong 1Y return of 33.67%.

As of 25 April 2023, the valuation grade for Elango Industrie has moved from does not qualify to risky, indicating a significant shift in its financial outlook. The company is currently assessed as overvalued. Key ratios highlight its challenging position: the PE ratio stands at -5.32, the EV to EBITDA is also -5.32, and the ROCE is at -6.10%. <BR><BR>In comparison to its peers, Elango Industrie shows stark contrasts; for instance, Altius Telecom, categorized as very attractive, has a PE ratio of 52.97, while Embassy Office REIT is considered very expensive with a PE of 23.06. This disparity underscores Elango's unfavorable valuation metrics. Additionally, despite a strong 1Y return of 33.67%, the stock has underperformed against the Sensex in the short term, which may further reinforce concerns about its current valuation status.

What is the technical trend for Elango Industrie?

As of June 6, 2025, Elango Industrie shows a mildly bullish trend supported by bullish weekly MACD, Bollinger Bands, and daily moving averages, despite some caution from the monthly MACD and mixed momentum indicators.

As of 6 June 2025, the technical trend for Elango Industrie has changed from mildly bearish to mildly bullish. The weekly MACD is bullish, supporting the positive shift, while the monthly MACD remains mildly bearish, indicating some caution. The weekly RSI is bearish, but there is no signal on the monthly RSI, suggesting mixed momentum. Bollinger Bands are bullish on both weekly and monthly time frames, reinforcing the upward potential. Daily moving averages are bullish, adding to the strength of the current trend. The KST is bullish weekly but mildly bearish monthly, and Dow Theory indicates a mildly bullish stance on the weekly chart with no trend on the monthly. Overall, the current technical stance is mildly bullish, driven primarily by the bullish signals from the MACD, Bollinger Bands, and daily moving averages.

Who are the top shareholders of the Elango Industrie?

The top shareholders of Elango Industrie include promoter Elangovan Shanmugam with 0.0% ownership, and the highest public shareholder, Swarnalatha V, who holds 2.56%. Individual investors collectively own 62.99% of the shares, with no mutual funds or foreign institutional investors involved.

The top shareholders of Elango Industrie include Elangovan Shanmugam, who is the promoter but holds 0.0% of the shares. The highest public shareholder is Swarnalatha V, with a holding of 2.56%. Additionally, individual investors collectively hold a significant portion of the company, accounting for 62.99% of the shares. There are no mutual funds or foreign institutional investors involved in the shareholding.

Has Elango Industrie declared dividend?

No Dividend History Available