Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 273 | 237 | 278 | 294 | 305 | 266 | 316 | 295 | 375 | 294 | 324 | 363 |
| Expenses | 263 | 228 | 265 | 280 | 293 | 259 | 296 | 278 | 354 | 282 | 318 | 359 |
| Operating Profit | 10 | 8 | 12 | 13 | 11 | 8 | 20 | 18 | 20 | 12 | 6 | 4 |
| OPM % | 3.6% | 3.6% | 4.5% | 4.5% | 3.7% | 2.8% | 6% | 6% | 5% | 4.0% | 1.8% | 1.1% |
| Other Income | 2 | 2 | 2 | 2 | 3 | 2 | 11 | 3 | 2 | 1 | 1 | -22 |
| Interest | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
| Depreciation | 5 | 5 | 7 | 6 | 5 | 6 | 7 | 6 | 6 | 6 | 6 | 7 |
| Profit before tax | 6 | 4 | 5 | 8 | 6 | 2 | 22 | 13 | 14 | 5 | -2 | -28 |
| Tax % | 33% | 30% | 31% | 27% | 26% | 30% | 22% | 26% | 26% | 24% | -56% | -25% |
| Net Profit | 4 | 3 | 4 | 6 | 5 | 1 | 17 | 9 | 10 | 4 | -1 | -21 |
| EPS in Rs | 0.79 | 0.53 | 0.71 | 1.19 | 0.96 | 0.28 | 3.47 | 1.89 | 2.07 | 0.74 | -0.15 | -4.31 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 494 | 829 | 786 | 862 | 1,094 | 1,075 | 1,042 | 1,180 | 1,288 | 1,355 |
| Expenses | 457 | 771 | 730 | 796 | 1,015 | 1,010 | 1,001 | 1,128 | 1,232 | 1,313 |
| Operating Profit | 38 | 57 | 55 | 67 | 79 | 65 | 41 | 52 | 56 | 42 |
| OPM % | 8% | 7% | 7% | 8% | 7% | 6% | 3.9% | 4.4% | 4.3% | 3.1% |
| Other Income | 1 | 1 | 1 | 2 | 1 | 2 | 9 | 18 | 6 | -19 |
| Interest | 9 | 13 | 12 | 10 | 13 | 13 | 8 | 8 | 8 | 9 |
| Depreciation | 12 | 17 | 20 | 12 | 14 | 19 | 22 | 25 | 24 | 26 |
| Profit before tax | 17 | 28 | 24 | 47 | 53 | 36 | 20 | 39 | 30 | -11 |
| Tax % | 24% | 19% | 24% | 27% | 26% | 25% | 30% | 24% | 24% | |
| Net Profit | 15 | 23 | 19 | 35 | 39 | 27 | 14 | 29 | 23 | -8 |
| EPS in Rs | 24.37 | 36.01 | 26.18 | 49.13 | 9.20 | 5.40 | 2.79 | 5.90 | 4.54 | -1.65 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 10% | 18% | 35% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 8% | 6% | 15% | ||
| Compounded Profit Growth | % | -8% | -6% | -48% | ||
| Stock Price CAGR | % | % | -21% | -57% | ||
| Return on Equity | % | 5% | 3% | 4% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 5 | 7 | 7 | 20 | 24 | 24 | 24 | 24 |
| Reserves | 139 | 185 | 202 | 255 | 283 | 469 | 479 | 510 | 532 |
| Borrowings | 62 | 86 | 70 | 114 | 103 | 78 | 12 | 24 | 17 |
| Other Liabilities | 71 | 109 | 84 | 132 | 127 | 163 | 154 | 168 | 193 |
| Total Liabilities | 278 | 385 | 363 | 508 | 533 | 734 | 669 | 727 | 766 |
| Fixed Assets | 84 | 122 | 134 | 161 | 188 | 232 | 224 | 246 | 253 |
| CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 12 | 3 | 28 |
| Investments | 26 | 13 | 24 | 14 | 1 | 27 | 63 | 67 | 82 |
| Other Assets | 165 | 250 | 205 | 333 | 343 | 475 | 370 | 410 | 403 |
| Total Assets | 278 | 385 | 363 | 508 | 533 | 734 | 669 | 727 | 766 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 44 | 27 | 83 | -34 | 57 | 62 | 43 | 17 | 54 |
| Cash from Investing Activity | -30 | -30 | -43 | -5 | -28 | -197 | 36 | -21 | -34 |
| Cash from Financing Activity | -5 | -4 | -33 | 34 | -30 | 131 | -79 | 4 | -15 |
| Net Cash Flow | 9 | -7 | 7 | -4 | -1 | -4 | -0 | -0 | 4 |
| Free Cash Flow | 24 | -2 | 51 | -52 | 16 | 12 | 18 | -21 | -5 |
| CFO/OP | 125% | 58% | 161% | -40% | 91% | 112% | 114% | 45% | 111% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61 | 61 | 42 | 77 | 59 | 67 | 70 | 70 | 59 |
| Inventory Days | 56 | 49 | 53 | 67 | 54 | 57 | 52 | 53 | 60 |
| Days Payable | 64 | 55 | 45 | 61 | 44 | 58 | 51 | 52 | 52 |
| Cash Conversion Cycle | 53 | 55 | 50 | 83 | 68 | 65 | 71 | 71 | 67 |
| Working Capital Days | 30 | 32 | 30 | 45 | 44 | 49 | 72 | 60 | 55 |
| ROCE % | 17% | 13% | 17% | 17% | 10% | 5% | 7% | 7% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 32.98% | 32.99% | 33.41% | 33.41% | 33.41% | 33.41% | 32.98% | 32.98% | 32.98% | 32.98% | 32.95% | 32.97% |
| FIIs | 1.02% | 0.56% | 0.35% | 0.97% | 0.86% | 0.38% | 0.41% | 0.69% | 0.78% | 0.68% | 0.74% | 0.58% |
| DIIs | 13.66% | 11.93% | 11.90% | 13.10% | 12.58% | 12.06% | 10.77% | 7.60% | 5.53% | 6.14% | 5.40% | 2.89% |
| Public | 52.32% | 54.53% | 54.34% | 52.53% | 53.14% | 54.15% | 55.84% | 58.73% | 60.71% | 60.20% | 60.92% | 63.58% |
| No. of Shareholders | 86,225 | 83,782 | 78,607 | 71,516 | 61,159 | 60,747 | 60,208 | 58,085 | 54,166 | 52,411 | 51,710 | 52,035 |
Fundamentals
Market Cap₹ 432 Cr.
Current Price₹ 86.6
Stock P/E25.2
Book Value₹ 112
ROCE6.64 %
ROE4.07 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)-48%
Consolidated figures.
Valuation
Market capRs 388 Cr
Enterprise valueRs 381 Cr
Price to book0.73x
Price to sales0.29x
EV / EBITDA16.24x
EV / sales0.28x
Price to cash flow23.20x
Earnings yield-2.11%
P/E, 3-year average29.11x
P/B, 3-year average1.17x
P/E, 5-year average29.11x
P/B, 5-year average1.17x
Profitability
Operating margin (excl. other income)4.44%
Operating margin (incl. other income)5.99%
EBITDA margin1.73%
Pre-tax margin-0.84%
Net profit margin-0.61%
Net margin, latest quarter-5.90%
ROE5.65%
ROCE8.59%
ROA4.20%
ROE, 3-year average5.06%
ROCE, 3-year average7.90%
ROA, 3-year average3.47%
ROE, 5-year average8.77%
ROCE, 5-year average11.58%
ROA, 5-year average5.19%
ROIC (approx.)-0.32%
Tax rate23.88%
Other income / net worth3.43%
Growth
Sales growth (latest year)13.29%
Profit growth (latest year)111.39%
Sales CAGR, 3 years2.57%
Sales CAGR, 5 years8.48%
Profit CAGR, 3 years-9.21%
Profit CAGR, 5 years9.55%
Sales growth QoQ11.91%
Sales growth YoY (latest quarter)22.78%
Profit growth YoY (latest quarter)-328.01%
Per share
EPS (TTM)Rs -1.69
EPS (latest year)Rs 6.02
EPS (latest quarter)Rs -4.40
EPS, 3-year averageRs 4.84
EPS, 5-year averageRs 15.06
Book value per shareRs 109.68
Sales per shareRs 278.22
Cash flow per shareRs 3.44
Free cash flow per shareRs -1.03
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout, 3-year average26.20%
Dividend payout, 5-year average20.94%
Efficiency
Asset turnover1.62x
Fixed asset turnover4.80x
Inventory turnover7.34x
Inventory days50 days
Debtor days70 days
Debtors turnover5.21x
Creditor days52 days
Cash conversion cycle67 days
Working capital days55 days
Leverage
Total debtRs 24 Cr
Cash and bankRs 31 Cr
Net debtRs -7 Cr
Debt to equity0.04x
Net debt / EBITDA-0.30x
Interest coverage-0.24x
Owners' fund to total sources73.52%
Debt to assets3.31%
Cash flow
Cash from Operating Activity (latest year)Rs 17 Cr
Cash from Investing Activity (latest year)Rs -21 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -5 Cr
FCFE (approx.: FCF + change in debt)Rs 7 Cr
Cash from ops / profit, 5 years1.77x
Sales to cash flow70.50x
Statement figures
Net sales (TTM)Rs 1,355 Cr
Net sales (latest year)Rs 1,180 Cr
Sales (latest quarter)Rs 363 Cr
Operating profit excl. other income (latest year)Rs 52 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs -19 Cr
EBITDA (TTM)Rs 23 Cr
PBDT (TTM)Rs 14 Cr
Profit before tax (TTM)Rs -11 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs -8 Cr
Net profit (latest year)Rs 29 Cr
Net profit (latest quarter)Rs -21 Cr
Depreciation (TTM)Rs 26 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 939 Cr
Total expenditure (latest year)Rs 1,128 Cr
Total income (latest year)Rs 1,199 Cr
Share capitalRs 24 Cr
ReservesRs 510 Cr
Shareholders' fundsRs 534 Cr
Total assetsRs 727 Cr
Net blockRs 246 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 67 Cr
ReceivablesRs 227 Cr
InventoryRs 128 Cr
Other liabilitiesRs 168 Cr
Shares outstanding (crore)4.87
Ownership
Promoter holding32.97% (-0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.73 is the lowest in 3.9 years (median 2.05).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ELIN | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -10.9% | -2.8% | -8.1 pts |
| 1 month | -17.1% | -6.8% | -10.3 pts |
| 3 months | -20.3% | -7.6% | -12.7 pts |
| 6 months | -15.7% | +0.4% | -16.1 pts |
| 1 year | -62.7% | -9.9% | -52.7 pts |
| 2 years | -68.8% | -13.6% | -55.3 pts |
| 3 years | -53.8% | +14.2% | -68.0 pts |
2 mutual fund schemes hold about ₹7 Cr.
Over three months 1 bought more and 1 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| SBI Multi Asset Allocation Fund(A | 0.03% | 7 | +15% |
| SBI Children's Fund-Investment Plan | 0.00% | 0 | -100% |
Red flags
F-score 6 of 8| look | Profit leans on other income Other income was 48% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹363 Cr +23.1% vs Jun 2025.
Net loss ₹21 Cr.
Activity
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|---|---|---|---|
| LG Electronics India Ltd | 118,052 | 64.7 | 32.3 % |
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| Whirlpool of India Ltd | 11,269 | 41.3 | 10.7 % |
| TTK Prestige Ltd | 7,311 | 35.3 | 12.1 % |
| Eureka Forbes Ltd | 7,022 | 35.1 | 5.86 % |
| Bosch Home Comfort India Ltd | 5,260 | 261 | 4.78 % |
| IFB Industries Ltd | 4,866 | 31.1 | 18.2 % |
| Symphony Ltd | 3,993 | 1,026 | 20.6 % |
| Bajaj Electricals Ltd | 3,574 | 2.89 % | |
| Orient Electric Ltd | 3,340 | 28.0 | 19.9 % |
| Carysil Ltd | 3,006 | 27.9 | 18.0 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2023-09-22 | Dividend - Re 1 Per Share | |
| 2023-09-22 | Annual General Meeting |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 months