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Elnet Technologies Overview

Elnet Technologies Limited is a company that manufactures, markets, and distributes a variety of communication equipment. The company was incorporated in 1990 as a public limited company and is located in Chennai, Tamil Nadu. It offers modems and converters, routers, ethernet, switches, and wireless products. The company serves the telecom, banking, finance, railways, defense, enterprise, manufacturing, and retail sectors. Besides this, they have a software division that provides IT solutions and services to various domains such as banking, ins...Read More

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Elnet Technologies Key Financials

Market Cap ₹135 Cr.

Stock P/E 7.7

P/B 0.8

Current Price ₹338

Book Value ₹ 426.4

Face Value 10

52W High ₹411

Dividend Yield 0.56%

52W Low ₹ 285.1

Elnet Technologies Share Price

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Volume
Price

Elnet Technologies Quarterly Price

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Elnet Technologies Peer Comparison

Elnet Technologies Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 7 7 6 6 6 6 5 6 6 6
Other Income 2 2 2 2 2 2 3 3 3 3
Total Income 9 9 8 8 8 8 8 9 9 9
Total Expenditure 2 2 2 2 2 2 2 2 2 2
Operating Profit 7 7 6 6 6 6 6 6 7 7
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 6 6 5 6 6 6 6 6 6
Provision for Tax 2 2 2 1 2 1 1 1 1 1
Profit After Tax 5 5 4 4 4 4 5 5 5 5
Adjustments 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments 5 5 4 4 4 4 5 5 5 5
Adjusted Earnings Per Share 11.9 11.9 10.1 10.1 11.1 10.8 11.8 12.5 12.6 12.6

Elnet Technologies Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 21 22 23 22 21 24 21 22 25 26 23 23
Other Income 2 2 3 4 4 5 5 5 6 8 10 12
Total Income 23 24 25 26 25 29 26 27 31 34 33 35
Total Expenditure 10 10 10 11 10 10 6 6 9 9 8 8
Operating Profit 13 14 16 15 16 19 21 21 22 26 25 26
Interest 0 0 0 0 1 1 1 1 1 1 0 0
Depreciation 5 4 3 3 3 4 4 3 3 2 2 0
Exceptional Income / Expenses 0 0 -0 -0 0 0 0 0 0 0 0 0
Profit Before Tax 9 10 12 12 12 15 16 17 19 24 23 24
Provision for Tax 3 3 4 3 3 4 4 4 5 6 5 4
Profit After Tax 6 6 8 9 8 11 12 13 14 17 18 20
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 6 6 8 9 8 11 12 13 14 17 18 20
Adjusted Earnings Per Share 14.1 16.1 19.6 22.5 21 27.1 30 31.5 34.2 43.7 43.9 49.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -12% 1% -1% 1%
Operating Profit CAGR -4% 6% 6% 7%
PAT CAGR 6% 11% 10% 12%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -1% 23% 22% 16%
ROE Average 12% 12% 12% 13%
ROCE Average 15% 16% 17% 17%

Elnet Technologies Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 47 53 59 68 75 85 97 110 123 139 156
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 4 4 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 18 18 3 3 11 10 10 4 9 7 3
Total Current Liabilities 1 2 16 18 8 9 9 14 12 13 15
Total Liabilities 71 78 78 88 95 105 116 128 144 160 175
Fixed Assets 38 37 23 23 26 27 24 23 22 22 23
Other Non-Current Assets 10 13 35 21 22 49 26 64 79 19 20
Total Current Assets 23 28 21 45 47 29 66 42 43 120 132
Total Assets 71 78 78 88 95 105 116 128 144 160 175

Elnet Technologies Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 12 0 4 5 4 2 7 4 12 10 13
Cash Flow from Operating Activities 8 3 -8 25 7 -22 32 -25 14 -62 5
Cash Flow from Investing Activities -1 -3 10 -24 -9 28 -35 34 -15 66 6
Cash Flow from Financing Activities -0 0 -1 -1 -1 -1 -0 -1 -1 -1 -1
Net Cash Inflow / Outflow 7 -0 1 -0 -3 5 -3 8 -2 3 10
Closing Cash & Cash Equivalent 19 0 5 4 2 7 4 12 10 13 24

Elnet Technologies Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 14.07 16.12 19.59 22.5 21.03 27.12 29.97 31.53 34.24 43.73 43.88
CEPS(Rs) 26.34 26.52 27.83 29.5 29.32 36.82 38.75 40.07 40.64 47.85 47.88
DPS(Rs) 1.4 1.7 1.4 1.5 1.5 1.2 1.4 2 2 1.7 1.9
Book NAV/Share(Rs) 118.43 132.51 147.81 169.4 188.03 213.36 242.13 274.35 306.58 348.4 390.63
Core EBITDA Margin(%) 53.84 53.89 57.27 52.6 53.39 59.63 72.56 71.14 64.12 67.16 63.96
EBIT Margin(%) 39.9 44.37 54.09 56.38 58.74 64.64 79.69 78.96 78.5 92.52 101.41
Pre Tax Margin(%) 39.88 44.37 53.21 55.51 55.42 61.04 76.35 76.69 75.91 90 99.43
PAT Margin (%) 26.2 29.19 34.57 40.51 39.97 45.14 56.12 57.11 55.65 66.89 76.21
Cash Profit Margin (%) 49.06 48.04 49.12 53.11 55.74 61.27 72.57 72.57 66.06 73.19 83.16
ROA(%) 8.21 8.69 10.06 10.81 9.19 10.84 10.84 10.34 10.07 11.51 10.49
ROE(%) 12.45 12.84 13.97 14.18 11.77 13.51 13.16 12.21 11.79 13.35 11.88
ROCE(%) 17.33 17.99 20.32 18.5 16.32 18.38 17.85 16.21 16.04 17.89 15.36
Receivable days 30.12 30.26 33.35 38.34 38.51 30.31 42.67 42.45 33.15 34.54 35.5
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 4.66 4.46 6.45 6.67 4.91 2.95 4 5.07 4.67 7.56 8.27
Price/Book(x) 0.55 0.54 0.85 0.89 0.55 0.37 0.49 0.58 0.52 0.95 0.93
Dividend Yield(%) 2.14 2.36 1.11 1 1.45 1.5 1.17 1.25 1.25 0.51 0.52
EV/Net Sales(x) 0.55 0.38 1.67 1.08 0.09 0.45 -0.25 1.44 1.36 0.96 1.04
EV/Core EBITDA(x) 0.88 0.6 2.42 1.57 0.12 0.56 -0.26 1.52 1.53 0.97 0.96
Net Sales Growth(%) -0.39 2.83 2.63 -2 -5.26 14.22 -11.14 3.4 11.43 6.26 -11.93
EBIT Growth(%) -0.93 14.33 25.14 2.15 -1.3 25.7 9.55 2.45 10.78 25.24 -3.47
PAT Growth(%) -3.63 14.56 21.54 14.86 -6.53 28.98 10.49 5.23 8.57 27.72 0.35
EPS Growth(%) -3.63 14.56 21.54 14.86 -6.53 28.98 10.49 5.23 8.57 27.72 0.35
Debt/Equity(x) 0.09 0.08 0.07 0.06 0.06 0.05 0.04 0.04 0.03 0.03 0.03
Current Ratio(x) 18.19 14.41 1.32 2.52 5.71 3.11 7.36 2.96 3.51 9.12 8.59
Quick Ratio(x) 18.19 14.41 1.32 2.52 5.71 3.11 7.36 2.96 3.51 9.12 8.59
Interest Cover(x) 2333.85 0 61.09 64.93 17.7 17.93 23.8 34.76 30.25 36.77 51.25
Total Debt/Mcap(x) 0.16 0.15 0.08 0.07 0.1 0.13 0.09 0.07 0.07 0.03 0.03

Elnet Technologies Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 52.85 52.85 52.85 52.85 52.85 52.85 52.85 52.85 52.85 52.85
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 47.15 47.15 47.15 47.15 47.15 47.15 47.15 47.15 47.15 47.15
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Elnet Technologies News

Elnet Technologies Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Earnings include an other income of Rs. 10 Cr.
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