Elango Industrie

Which are the latest news on Elango Industrie?

Why is Elango Industries Ltd falling/rising?

As of 05-Sep, Elango Industries Ltd's stock price is at 13.28, down 1.99%, and has underperformed its sector. Despite recent gains over the past week and month, the stock shows a year-to-date decline and a significant drop in investor participation, indicating potential volatility and reduced interest.

As of 05-Sep, Elango Industries Ltd's stock price is currently at 13.28, reflecting a decrease of 0.27 or 1.99%. The stock has underperformed the sector today by 2.2%, indicating a weaker performance relative to its peers. Additionally, there has been erratic trading, as the stock did not trade on one day out of the last 20 days, which may contribute to the volatility in its price. <BR><BR>Despite the recent decline, it is noteworthy that Elango Industries has shown strong performance over the past week and month, with increases of 10.12% and 39.64%, respectively. However, the year-to-date performance shows a decline of 5.48%, which contrasts with the positive annual return of 18.25%. <BR><BR>Another concerning factor is the significant drop in investor participation, with delivery volume on September 3 falling by 98.87% compared to the 5-day average. This decline in trading activity could signal reduced investor interest, further contributing to the stock's downward movement. <BR><BR>Overall, while Elango Industries Ltd has had periods of strong performance, the current decline can be attributed to underperformance today, erratic trading patterns, and a notable decrease in investor participation.

Who are in the management team of Elango Industrie?

The management team of Elango Industrie includes 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 need more details about any specific member or their roles, feel free to ask!

What does Elango Industrie do?

Elango Industries Ltd manufactures iron and steel products and operates a gas-based power plant. Established in 1989, it reported net sales and profit of 0 Cr for June 2026, with a market cap of INR 4 Cr.

Overview:<BR>Elango Industries Ltd is engaged in the manufacturing of iron and steel products and operates within the micro-cap market segment.<BR><BR>History:<BR>Elango Industries Ltd was established in 1989 and initially focused on manufacturing steel ingots from 1991 until 2003. The company went public in 1993 and later sold its steel operations after approximately ten years, subsequently commissioning a 7 Mw gas-based power plant in 2005. The most recent quarterly results reported net sales and net profit of 0 Cr for June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 0 Cr (Quarterly Results - Jun 2026)<BR>Net Profit: 0 Cr (Quarterly Results - Jun 2026)<BR>Market Cap: INR 4 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 31<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.00<BR>Return on Equity: -4.58%<BR>Price to Book: 1.24<BR><BR>Contact Details:<BR>Address: No 5 Ranganathan Garden, 15th Main Road Extn Anna Nagar Chennai Tamil Nadu : 600040<BR>Tel: 91-44-42172116<BR>Email: asokan@kaveripower.com<BR>Website: http://www.elangoindustries.com

Who are the peers of the Elango Industrie?

Elango Industrie's peers include Shree Precoated, Mahalaxmi Seam., MFS Intercorp, Aditya Ispat, Vallabh Steels, Castora Agri Com, Heera Ispat, and Bengal Steel. Most peers exhibit Below Average management risk and growth, with Mahalaxmi Seam. showing the highest 1-year return at 28.21%, while Elango Industrie has a return of 8.21%.

Peers: The peers of Elango Industrie are Shree Precoated, Mahalaxmi Seam., MFS Intercorp, Aditya Ispat, Vallabh Steels, Castora Agri Com, Heera Ispat, and Bengal Steel.<BR><BR>Quality Snapshot: Excellent management risk is observed at none of the peers, while Average management risk is found at MFS Intercorp, and the rest have Below Average management risk, including Mahalaxmi Seam., Aditya Ispat, Castora Agri Com, and Elango Industrie. In terms of Growth, only Castora Agri Com has Average growth, while Below Average growth is noted at Mahalaxmi Seam., MFS Intercorp, Aditya Ispat, Elango Industrie, and the rest. Regarding Capital Structure, none of the peers qualify, and Below Average capital structure is seen at Mahalaxmi Seam., MFS Intercorp, Aditya Ispat, Castora Agri Com, and Elango Industrie.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Mahalaxmi Seam. at 28.21%, while the peer with the lowest is Shree Precoated at -12.57%. Elango Industrie has a 1-year return of 8.21%, which is higher than Shree Precoated but lower than Mahalaxmi Seam. Additionally, MFS Intercorp, Vallabh Steels, and Heera Ispat have negative six-month returns.

How big is Elango Industrie?

As of 31st August, Elango Industries Ltd has a market capitalization of 4.00 Cr, with net sales of 0.04 Cr and a net loss of 0.14 Cr over the latest four quarters. The balance sheet for March 2025 shows shareholder's funds of 3.77 Cr and total assets of 4.71 Cr.

As of 31st August, Elango Industries Ltd has a market capitalization of 4.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported net sales of 0.04 Cr. However, it experienced a loss of 0.14 Cr in net profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, showing shareholder's funds of 3.77 Cr and total assets of 4.71 Cr.

When is the next results date for Elango Industries Ltd?

Elango Industries Ltd will announce its results on 13 August 2026.

Elango Industries Ltd is scheduled to declare its results on 13 August 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