91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

Elin Electronics Limited IPO Analysis

Elin Electronics IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 475.00 Cr. The company is based in Kolkata and caters to Electric Equipments sector. Axis Capital , Jm Financial are the merchant bankers of Elin Electronics IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 17th November 2021.

Elin Electronics IPO posted revenues of ₹ 1209.48 crores and PAT of ₹ 41.34 crores in FY23 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,209.48 Cr.
            EBITDA: ₹ 86.72 Cr.
            PAT: ₹ 41.34 Cr.
  • EBITDA Margin: 7.17 %
            Pat Margin: 3.42 %
  • Net Worth: ₹ 320.14 Cr.
  • Market Capitalisation: ₹ 1226.58 Cr.
  • P/E: 29.69 times
  • P/BV: 1.54 times
  • EV/EBITDA: 15.33 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Elin Electronics IPO Financial Performance (Restated)

Financial results of Elin Electronics IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Sep-22 FY22 FY21 FY20
Balance Sheet
Assets 589.24 532.61 508.31 387.63
Net Worth 320.14 303.07 262.25 227.75
Total Debt 102.77 102.33 113.77 69.89
Profit & Loss
Revenue
Revenue on annualised basis
604.74
1,209.48
1094.67 864.90 786.37
EBITDA
EBITDA on annualised basis
43.36
86.72
79.93 69.00 56.24
PAT
PAT on annualised basis
20.67
41.34
39.15 34.86 27.49
Financials
30-Sep-22
FY22
FY21
FY20
Balance Sheet
Assets
589.24
532.61
508.31
387.63

Net Worth
320.14
303.07
262.25
227.75

Total Debt
102.77
102.33
113.77
69.89

Profit & Loss
Revenue
Revenue on annualised basis
604.74
1,209.48
1094.67
864.90
786.37

EBITDA
EBITDA on annualised basis
43.36
86.72
79.93
69.00
56.24

PAT
PAT on annualised basis
20.67
41.34
39.15
34.86
27.49

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Elin Electronics IPO Key performance Indicators (KPI)

Elin Electronics IPO PAT Margin is 3.42 % , ROCE (Return on Capital Employed) is 8.09 % as per latest financial. The below table shows Elin Electronics IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Sep-22 FY22 FY21 FY20
EBITDA Margin (%) 7.17 7.30 7.98 7.15
PAT Margin (%) 3.42 3.58 4.03 3.50
EPS (₹) 5.06 9.59 8.53 6.73
ROE (%) 6.46 12.92 13.29 12.07
ROCE (%) 8.09 15.82 14.90 15.44
ROA (%) 3.51 7.35 6.86 7.09
Debt to Equity 0.32 0.34 0.43 0.31
Particulars
30-Sep-22
FY22
FY21
FY20

EBITDA Margin (%)
7.17
7.30
7.98
7.15

PAT Margin (%)
3.42
3.58
4.03
3.50

EPS (₹)
5.06
9.59
8.53
6.73

ROE (%)
6.46
12.92
13.29
12.07

ROCE (%)
8.09
15.82
14.90
15.44

ROA (%)
3.51
7.35
6.86
7.09

Debt to Equity (x)  
0.32
0.34
0.43
0.31

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Elin Electronics IPO Valuation Metrics

The market Capitalisation of Elin Electronics IPO is ₹ 1226.58 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
1226.58

Enterprise Value (EV) (₹ Cr.):
1,329.01

EV/EBITDA (times) :
15.33

PE Multiple (times) :
29.69

P/B (times) :
1.54

NAV (₹) :
78.39

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Elin Electronics prospectus?

The Elin Electronics IPO prospectus highlights an Return on Equity (ROE) of 6.46 % , Return on Assets (ROA) of 3.51 %, and an EBITDA Margin of 7.17 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Elin Electronics IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Elin Electronics IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Elin Electronics IPO ?

The post-IPO market capitalisation of Elin Electronics IPO is ₹ 1226.58 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Elin Electronics IPO?

The Elin Electronics IPO has a Price-to-Earnings (PE) ratio of 29.69 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Elin Electronics IPO?

Elin Electronics IPO reported revenue of ₹ 1209.48 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Elin Electronics IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Elin Electronics IPO?

Elin Electronics recorded an EBITDA of ₹ 86.72 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Elin Electronics IPO?

Elin Electronics Profit After Tax (PAT) is ₹ 41.34 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,209.48 Cr.
            EBITDA: ₹ 86.72 Cr.
            PAT: ₹ 41.34 Cr.
  • EBITDA Margin: 7.17 %
            Pat Margin: 3.42 %
  • Net Worth: ₹ 320.14 Cr.
  • Market Capitalisation: ₹ 1226.58 Cr.
  • P/E: 29.69 times
  • P/BV: 1.54 times
  • EV/EBITDA: 15.33 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Elin Electronics operates in Electric Equipments and Electronics Manufacturing Services. The Issue is listed on BSE,NSE in Dec, 2022. Elin Electronics IPO size was 475.00 with Issue price of 247.00 .

Merchant Banker(s) of Elin Electronics IPO: Axis Capital Limited , Jm Financial Limited

Elin Electronics IPO subscription was 3.09 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Elin Electronics IPO listed at a listing price of 227.80 against the offer price of 247.00.

The current market price of Elin Electronics is 180.00.

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