Elin Electronics Limited — PPTs, 26-05-2025: Investor Presentation

1. Financial Highlights:

Elin Electronics reported Q4 revenue of INR 315.7 Cr, up 14% YoY and 19% QoQ, led by growth in fans, home appliances, and motors. Lighting sales declined 13%. EBITDA jumped 63% YoY to INR 20.2 Cr, with margins improving to 6.4% due to better product mix and cost efficiencies including labor savings. PAT surged 387% YoY to INR 17.2 Cr, boosted by a one-time gain of INR 7.5 Cr from share sale by a subsidiary. Net cash remained robust at INR 74.8 Cr with stable working capital around 52 days.

2. Strategic Initiatives & Growth Drivers:

The company is expanding in home appliances and fans, launching products like OTGs, air fryers, and air coolers. FY25 capex of INR 48.5 Cr targets capacity expansion and automation, especially at Ghaziabad. FY26 plans include INR 55-65 Cr for a new Bhiwadi plant and INR 45-60 Cr for scaling existing facilities. Revenue growth of 15-18% and EBITDA margins of 6-6.5% are targeted.

3. Business Developments:

Elin is engaging new lighting customers amid competitive shifts. Fan segment, especially BLDC and TPW, doubled revenues YoY. Kitchen and home care appliances grew ~40% YoY with better capacity utilization. Motors segment remained stable despite higher captive consumption.

4. Market Position & Competitive Advantage:

Elin stands as a leading fractional horsepower motor maker in India with strong backward integration, serving premier OEMs and ODMs. Cost leadership arises from scale, R&D focus, automation, and operational excellence, providing a competitive edge amid consolidation.

5. Investor Implications:

Robust quarter signals positive growth potential driven by consumer demand recovery and operational gains. Planned capex enhances capacity for sustained expansion. Execution risks include new product launches and lighting customer onboarding. Healthy cash and margin expansion support confidence for medium-term value creation.