WinstonWınston
Back
Elin Electronics Limited logo

Elin Electronics Limited

ELIN.NS
24
Electrical Equipment & Parts · Industrials
Price
₹96.17
-3.96 (-3.95%)
Market Cap
₹4.78B
Exchange
National Stock Exchange of India
Winston Score
24
Winston is worried
Weak fundamentals across most pillars.
Data as of Sep 1, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Share count rising — dilution

+19.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 40.8M (2022) → 48.7M (2026)

Winston Score History

The full picture

Elin Electronics Limited, operating from New Delhi, India, and established in 1969, specializes in offering comprehensive design and manufacturing solutions for a diverse range of products. Their services extend to both domestic and international clientele. The company's extensive portfolio includes electric motors, various tools, molds, and dies, alongside a wide array of consumer electronics. This encompasses lighting solutions such as LED lights, flashlights, modular switches, and sockets, as well as ceiling and fresh air circulation fans. For household use, they produce small appliances like dry and steam irons, toasters, hand blenders, and mixer grinders. Personal grooming needs are met with products like hair dryers, straighteners, trimmers, and heated straightening brushes. A key offering is fractional horsepower motors, which are integral components for numerous devices, including mixer grinders, hand blenders, wet grinders, chimneys, air conditioners, heat convectors, and TPW fans. Furthermore, Elin manufactures specialized components such as stainless steel blades for mixer grinders, medical diagnostic cartridges for use in diagnostic equipment, and various plastic molded and sheet metal parts. The company primarily functions as a strategic supplier to Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs).

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+25.6% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-323.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

₹0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Cash Position

Cash flow positive

₹0 cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Elin Electronics Limited grew revenue 26% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
6.0%
Thin — 6.0% gross margin
Profit after running costs
Operating Margin
-0.9%
Losing money on operations — -0.9%
Return on the money invested
ROCE
2.9%
Weak — 2.9% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+16.6%
Fast-growing sales (+16.6% YoY)
Profit growth
EPS YoY
-123.8%
Earnings shrinking (-123.8% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
1.2%
Thin free cash flow (1.2%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
1.77x
Dangerous — barely covers interest (1.8x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial