Why is Elin Electronics Ltd ?
1
Company has a low Debt to Equity ratio (avg) at 0 times
2
Poor long term growth as Operating profit has grown by an annual rate -15.93% of over the last 5 years
3
The company has declared Positive results for the last 3 consecutive quarters
- ROCE(HY) Highest at 10.27%
- PAT(9M) Higher at Rs 36.91 Cr
- NET SALES(Q) Highest at Rs 374.54 cr
4
With ROE of 6.9, it has a Very Attractive valuation with a 1.6 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -23.29%, its profits have risen by 127% ; the PEG ratio of the company is 0.2
5
Falling Participation by Institutional Investors
- Institutional investors have decreased their stake by -1.98% over the previous quarter and collectively hold 6.31% of the company
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors
6
Below par performance in long term as well as near term
- Along with generating -23.29% returns in the last 1 year, the stock has also underperformed BSE500 in the last 3 years, 1 year and 3 months
How much should you hold?
- Overall Portfolio exposure to Elin Electronics should be less than 10%
- Overall Portfolio exposure to Electronics & Appliances should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Elin Electronics for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Elin Electronics
-22.53%
-0.48
48.67%
Sensex
4.69%
0.39
11.83%
Quality key factors
Factor
Value
Sales Growth (5y)
2.00%
EBIT Growth (5y)
-15.93%
EBIT to Interest (avg)
3.73
Debt to EBITDA (avg)
0.80
Net Debt to Equity (avg)
-0.17
Sales to Capital Employed (avg)
1.95
Tax Ratio
24.23%
Dividend Payout Ratio
34.54%
Pledged Shares
0
Institutional Holding
6.31%
ROCE (avg)
6.86%
ROE (avg)
4.33%
Valuation Key Factors 
Factor
Value
P/E Ratio
23
Industry P/E
58
Price to Book Value
1.60
EV to EBIT
19.69
EV to EBITDA
12.10
EV to Capital Employed
1.73
EV to Sales
0.64
PEG Ratio
0.18
Dividend Yield
NA
ROCE (Latest)
8.77%
ROE (Latest)
6.91%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bearish
RSI
No Signal
Bullish
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
Technical Movement
18What is working for the Company
ROCE(HY)
Highest at 10.27%
PAT(9M)
Higher at Rs 36.91 Cr
NET SALES(Q)
Highest at Rs 374.54 cr
PBDIT(Q)
Highest at Rs 20.36 cr.
PBT LESS OI(Q)
Highest at Rs 12.10 cr.
-2What is not working for the Company
DEBTORS TURNOVER RATIO(HY)
Lowest at 4.60 times
Loading Valuation Snapshot...
Here's what is working for Elin Electronics
Profit After Tax (PAT) - Latest six months
At Rs 19.69 cr has Grown at 84.02%
Year on Year (YoY)MOJO Watch
PAT trend is very positive
PAT (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 12.10 cr has Grown at 100.5% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 6.04 CrMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Net Sales - Quarterly
Highest at Rs 374.54 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Net Sales - Quarterly
At Rs 374.54 cr has Grown at 26.7% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 295.53 CrMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 20.36 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 12.10 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Here's what is not working for Elin Electronics
Debtors Turnover Ratio- Half Yearly
Lowest at 4.60 times
in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio






