Elin Electronics Management Guidance Tracker

Management guided 9-10% revenue growth for FY26, excluding US exports which have been nil since August 2025 due to tariffs.

Biwari plant expected to generate ₹140 crore in FY27 and ₹250 crore in FY28, with steady-state EBITDA margin of 7-7.5% and ROCE of 20%.

Management expects 15% year-on-year revenue growth for fiscal 2027, driven by price increases and volume recovery.

EBITDA margin forecast at 5.3-5.8% for FY26, impacted by higher raw material costs and nil US exports.

Full transmission of 10-18% price increases to customers is expected by June 2026, restoring gross margins to ~24%.

Capex for FY26 estimated at ₹100-110 crore, split between Biwari plant (₹60-65 crore) and existing business growth (₹35-40 crore).

Capital expenditure for FY27 is guided at ₹70-75 crore, with ₹45 crore for Bhiwadi and ₹25-30 crore for existing facilities.

Commercial production at the Bhiwadi facility is expected to start by end of July or early August 2026, with FY27 revenue of ₹80 crore.