Elin Electronics Limited
71.94
INR
-4.04
(-5.32%)
ISIN
INE050401020
Return %
Stock
S&P 500
1Y
-64.86
14.20
3Y
-59.08
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
INR
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in mil. unless spec.Company Description
- CEO
- Mangi Lall Sethia
- Full Time Employees
- 2,391
- Sector
- Electronic technology
- Industry
- Electronic production equipment
- Address
- ELIN HOUSE New Delhi DE India 110002
- IPO Date
- Dec 30, 2022
- Website
- elinindia.com
- Similar Companies
- Business
- Elin Electronics Limited (ELIN.NS) manufactures and sells electronic and mechanical sub-assemblies and products for consumer appliances and white goods. The company offers core products and services including room air conditioner indoor and outdoor units, washing machine rollouts and panels, microwave ovens, refrigerator compressors and linear sights, air conditioner PCBAs, small domestic appliances such as vacuum cleaners and mixer grinders, and PCB assembly services; it also provides original equipment manufacturer (OEM) and original design manufacturer (ODM) solutions for major appliance brands. Elin Electronics operates primarily in India with manufacturing facilities in Manesar, Baddi, and Noida, targeting the consumer durables sector and serving leading global and domestic appliance manufacturers as customers. Founded in 2003 and headquartered in Gurugram, India, the company has expanded its business segments to include electronics manufacturing services (EMS) for home appliances, with a focus on contract manufacturing in the fast-growing Indian consumer electronics market. Geographically, its operations are concentrated in India, supporting the "Make in India" initiative through localized production capabilities. In recent developments, Elin Electronics completed a Rs 1.04 billion initial public offering (IPO) in December 2023, marking its listing on the National Stock Exchange and Bombay Stock Exchange, which strengthened its balance sheet for capacity expansion. The company acquired a manufacturing facility in Pune in fiscal 2024 to enhance production of washing machine components and small appliances, boosting its capacity by over 20%. Additionally, in 2025, Elin Electronics formed a strategic partnership with a leading global compressor manufacturer to co-develop energy-efficient components for inverter air conditioners, aligning with India's push for sustainable appliances.