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Elnet Technologies Limited

Elnet Technologies Limited

ELNET.BO
Elnet Technologies LimitedIN flagBombay Stock Exchange
334.50
INR
+4.45
- -
1.34BMarket Cap
Elnet Technologies Limited
ELNET.BO
(Bombay Stock Exchange)

Recent

price

334.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
40.16
42.19
52.89
53.9
53.69
55.21
44.85
44.12
43.46
48.82
47.33
48.15
50.65
53.14
57.57
62.35
62.37
Revenue per Share
9.12
10.53
13.47
14.6
14.07
16.12
19.59
22.5
21.03
27.12
29.97
31.53
34.24
43.73
43.88
50.23
50.24
Basic EPS, GAAP
17.05
8.43
1.36
13.76
-3.48
0.24
-22.27
55.03
-0.03
-65.54
76.67
-65.75
30.29
-158.32
6.63
79.65
- -
Free Cash Flow per Basic Share
1.4
1.36
1.37
1.64
1.67
1.74
1.7
1.4
1.5
1.5
1.2
1.42
2
2
1.7
1.9
- -
Dividend per Share
28.68
32.82
39.65
47.61
54.99
61.79
74.33
95.14
114.37
139.68
168.45
198.58
230.82
272.55
10
10
10
Book Value per Share
73.22
82.4
94.49
107.47
118.43
130.24
147.81
169.4
188.03
213.36
242.12
274.35
306.58
348.41
390.62
438.95
439.04
Tangible Book Value per Share
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
Basic Weighted Avg Shares
161
169
212
216
215
221
179
176
174
195
189
193
203
213
230
249
249
Sales/Revenue/Turnover
37.81
36.21
35.48
35.59
30.97
35.35
54
50.35
45.75
53.55
63.3
63.85
65.23
74.87
57.02
60.32
60.32
Operating Margin (%)
29
27
33
35
49
42
33
28
33
39
35
34
26
16
16
15
15
Depreciation Expense
36
42
54
58
56
64
78
90
84
108
120
126
137
175
176
201
201
Net Income, GAAP
36.13
33.7
32.81
32.46
33.6
34.21
35.03
27.02
27.88
26.05
26.49
25.52
26.68
25.68
23.35
21.35
21.35
Effective Tax Rate (%)
22.7
24.97
25.47
27.08
26.2
29.19
43.67
50.99
48.38
55.56
63.31
65.5
67.59
82.29
76.21
80.56
80.56
Profit Margin (%)
67
68
84
131
213
119
51
273
391
200
568
277
308
1,064
1,168
854
854
Working Capital
87
43
43
43
43
43
43
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
293
330
378
430
474
521
591
678
752
853
968
1,097
1,226
1,394
1,563
1,756
1,756
Total Equity
9.93
10.76
12.72
11.6
8.93
9.15
9.81
9.29
7.57
9.15
9.24
8.52
8.06
8.76
6.62
6.96
6.95
Return on Invested Capital (%)
16.42
22.42
28.73
26.9
22.71
21.67
22.28
22.68
19.31
20.86
18.99
16.72
15.71
17.13
29.46
249.65
249.64
Return on Capital (%)
33.37
34.26
37.18
33.46
27.42
27.6
28.78
26.55
20.07
21.35
19.45
17.18
15.95
17.37
31.06
502.3
502.3
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
43
- -
43
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
- -
4
Market Capitalization
1,476
1,428
1,195

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
891
- -
969
Cash, Cash Equivalents & STI
867
- -
950
Accounts Receivable, Net
18
- -
7
Inventories
- -
- -
- -
Total Current Liabilities
147
- -
116
Payables & Accruals
- -
- -
- -
ST Debt
43
- -
43
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.92%
12.64%
12.37%
Free Cash Flow
24,185.35%
8.56%
1,101.43%
Net Income, GAAP
12.57%
11.27%
14.47%
Sales/Revenue/Turnover
1.59%
5.7%
8.3%
Total Cash Common Dividend
- -
- -
11.76%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
67
68
68
10
213
2025
59
60
59
52
230
2026
61
62
65
62
249

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9.81
11.89
11.9
- -
43.73
2025
10.13
11.12
10.8
11.84
43.88
2026
12.55
12.56
12.57
12.56
50.23

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2
2025
- -
- -
- -
- -
1.7
2026
- -
- -
- -
- -
1.9
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Business
Elnet Technologies Limited (ELNET.BO) develops and maintains integrated software technology parks and infrastructure facilities for business process outsourcing industries in India. The company offers comprehensive infrastructure services to software development and data processing firms, including 100% diesel generator backup power, 900 TR split packaged air conditioning systems, 12 x 120 KVA uninterrupted power supply systems in parallel redundant mode, fire protection systems with hydrants and smoke detectors, elevators, peripheral security, and point-to-point microwave links to major telecom providers such as Tata VSNL, STPI, Reliance, Airtel, and BSNL; these facilities support high-occupancy operations housing approximately 2,500 employees and contributing significantly to software exports from Tamil Nadu. Elnet operates primarily from its Elnet Software City complex in Chennai, targeting IT/ITES companies with lease agreements typically spanning 3-5 years, featuring 5% annual rent escalations and lock-in periods of 1-5 years. Founded in 1990 and headquartered at TS-140, Blocks 2 & 9, CPT Road, Taramani, Chennai, Tamil Nadu 600113, India, the company maintains a presence limited to this single-location IT park with healthy occupancy levels and comfortable liquidity supported by substantial cash reserves in fixed deposits. Elnet Technologies functions in the real estate management and development sector, specifically as an operator and lessor of specialized IT infrastructure, with no significant subsidiaries or parent relationships noted. In recent developments, the company appointed D. Srinivas Rao as Chief Financial Officer effective November 14, 2024, and underwent board reconstitutions including the addition of independent directors and committee changes in September 2024 and March 2025. It scheduled its 34th Annual General Meeting for September 9, 2025, with book closure from September 2-9, 2025, and a record date of September 1, 2025, for dividend approval alongside adoption of FY2024-25 financials. While maintaining a low-debt capital structure at 0.03x gearing and adequate liquidity with no immediate expansion plans, Elnet continues to monitor medium-term project opportunities without recent acquisitions, funding rounds, or major strategic shifts reported.