Promises
3 promises
Promise Tracker
0 delivered, 0 close, 3 missed.
View Promises →Elin Electronics Limited — Q4 FY26
Elin Electronics reported a weak Q4 FY26 with revenue of ₹324 crore (+3% YoY) but EBITDA collapsed to ₹6 crore (1.85% margin) from ₹20.2 crore last year, resulting in a net loss of ₹8 crore.
bearish
high
✓ Verified against BSE filing
2-Minute Summary
✦ AI-Generated from Full Transcript
Elin Electronics reported a weak Q4 FY26 with revenue of ₹324 crore (+3% YoY) but EBITDA collapsed to ₹6 crore (1.85% margin) from ₹20.2 crore last year, resulting in a net loss of ₹8 crore. The sharp margin compression was driven by a 390 bps gross margin decline due to surging polymer and aluminum prices from Middle East tensions, a weak INR, and a 26% minimum wage hike in UP. Price increases of 10-18% are being implemented but full pass-through is expected only by June 2026. Management guided for 15% revenue growth in FY27 but deferred EBITDA guidance due to volatility. The Bhiwadi facility is delayed, now starting commercial production in August 2026 with FY27 revenue of ₹80 crore (vs earlier ₹140 crore). Key risk: demand destruction from steep price hikes in a discretionary product basket.
एलिन इलेक्ट्रॉनिक्स का Q4 FY26 कमजोर रहा। कंपनी ने ₹324 करोड़ का राजस्व कमाया (पिछले साल से 3% ज्यादा), लेकिन मुनाफा बहुत गिर गया। EBITDA (कमाई) सिर्फ ₹6 करोड़ रही, जो पिछले साल ₹20.2 करोड़ थी। इससे कंपनी को ₹8 करोड़ का शुद्ध घाटा हुआ। मुनाफा कम होने की वजहें: प्लास्टिक और एल्युमीनियम के दाम बढ़े (मिडिल ईस्ट तनाव से), रुपया कमजोर हुआ, और UP में न्यूनतम मजदूरी 26% बढ़ी। कंपनी ने कीमतें 10-18% बढ़ाई हैं, लेकिन पूरा असर जून 2026 तक दिखेगा। FY27 में 15% राजस्व बढ़ने का अनुमान है, लेकिन मुनाफे का अनुमान नहीं दिया। भिवाड़ी फैक्ट्री अगस्त 2026 से शुरू होगी, जिससे FY27 में ₹80 करोड़ का राजस्व मिलेगा (पहले ₹140 करोड़ का अनुमान था)। खतरा: कीमतें बढ़ने से ग्राहक कम खरीद सकते हैं।
Promises0 met · 3 missedRisks4 trackedTranscriptfull text
Research workspace
Focused Modules
Risks
4 risks
Risk Intelligence
Demand Destruction from Price Hikes
View Risks →
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
Fans Business YoY Growth
67%
+67% YoY
Strong growth driven by BLDC ceiling fans and TPW fans; momentum expected to continue in Q1.
Lighting Revenue (ex-flashlights)
₹39.5 crore
-21% QoQ
Declined from ₹50 crore last quarter; price erosion now behind, small hikes undertaken.
Net Cash Balance
₹70 crore
N/A
Liquidity remains strong; working capital at 59 days due to precautionary inventory buildup.
Bhiwadi Facility Revenue Potential
₹550 crore
N/A
Steady-state revenue potential; expected to achieve 7% EBITDA margin in third year of operations.
What Changed vs Last Quarter
NEW
FY27 Revenue Growth of 15% YoY
Management expects 15% year-on-year revenue growth for fiscal 2027, driven by price increases and volume recovery.
NEW
Bhiwadi Facility Commercial Production by August 2026
Commercial production at the Bhiwadi facility is expected to start by end of July or early August 2026, with FY27 revenue of ₹80 crore.
NEW
FY27 Capex of ₹70-75 Crore
Capital expenditure for FY27 is guided at ₹70-75 crore, with ₹45 crore for Bhiwadi and ₹25-30 crore for existing facilities.
NEW
Price Pass-Through Complete by June 2026
Full transmission of 10-18% price increases to customers is expected by June 2026, restoring gross margins to ~24%.
DROPPED
FY26 Revenue Growth Guidance of 9-10%
Management guided 9-10% revenue growth for FY26, excluding US exports which have been nil since August 2025 due to tariffs.
DROPPED
FY26 EBITDA Margin Guidance of 5.3-5.8%
EBITDA margin forecast at 5.3-5.8% for FY26, impacted by higher raw material costs and nil US exports.
DROPPED
Biwari Plant Revenue Targets
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%.
DROPPED
Capex Guidance of ₹100-110 Crore for FY26
Capex for FY26 estimated at ₹100-110 crore, split between Biwari plant (₹60-65 crore) and existing business growth (₹35-40 crore).
NEW RISK
Demand Destruction from Price Hikes
Sharp price increases of 10-18% in a discretionary product basket may lead to volume decline, as acknowledged by management.
NEW RISK
Bhiwadi Plant Ramp-Up Delays
Commercial production delayed to August 2026; FY27 revenue guidance cut from ₹140 crore to ₹80 crore, indicating execution risk.
NEW RISK
Chinese Competition in Motors
Despite INR depreciation, Chinese suppliers continue to offer lower pricing, hindering Elin's motor segment growth.
RISK GONE
US Export Uncertainty
Exports to USA have been nil since August 2025 due to tariffs; resumption is hopeful but not certain, impacting revenue and margin guidance.
RISK GONE
Biwari Plant Ramp-Up Risk
New plant may face lower initial utilization and margins; management declined to provide specific EBITDA margin guidance for FY27, citing uncertainty.
RISK GONE
Personal Care Segment Weakness
Personal care revenue declined 10% YoY due to weak demand in hair straighteners and trimmers; no new customers added, though three new subcategories are in pipeline.
Fast read
Guidance and risk preview
Management expects 15% year-on-year revenue growth for fiscal 2027, driven by price increases and volume recovery.
Sharp price increases of 10-18% in a discretionary product basket may lead to volume decline, as acknowledged by management.
View Risks →