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Elin YOUR PARTNER BEYOND PRODUCTS Elin Electronics Limited Q1FY27 & FY27 Earnings Presentation August 2026
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Disclaimer This investor presentation has been prepared for informational purposes only. This Presentation does not constitute a prospectus or offering memorandum and is not an offer or initiation to buy or sell any securities, nor shall part or all of this presentation form the basis of, or to be relied on in connection with any contract or investment decision in relation to any securities. This Presentation contains forward looking statements based on the currently held outlook of the management of the Company which are expressed in good faith and in management’s opinion are reasonable. The forward looking statements may involve known and unknown risks which may cause the actual results or achievements of the Company to differ materially from those in forward-looking statements. These forward-looking statements represent only the Company’s current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made. The Company assumes no obligation to revise or update any forward looking statements.
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S No Description 1 Company Overview 2 Q1 FY27 & FY27 Financial Performance & Business Discussion 3 Future Outlook Agenda
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Elin Electronics at a Glance 1 Who We Are Key Product Verticals EMS Products Home Appliances Fractional Horsepower Motors LED Lighting, Fans and Switches Other EMS Products Components Medical Diagnostic Cartridges Moulded and Sheet Metal Components • We are a leading EMS company, manufacturing end-to end product solutions for both international and domestic brands of lighting, fans, and home appliances in India, and are one of the largest fractional horsepower motors manufacturers in India • Serve customers under both OEM (manufacture and supply products basis designs developed by customers) and ODM (conceptualize, design and manufacture) business models • Highly backward integrated with a strong focus on R&D, emerging technologies and cost optimization across products through value analysis and engineering Serving a Marquee Customer Base HAVELLS
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Key Business Segments 2 Particulars Products Manufactured • LED lighting – Battens, Downlights, Office, Solar street lights, Smart lighting etc • LED Flashlights • Fans – Ceiling, BLDC Ceiling, Fresh air, TPW etc. • Modular switches and sockets • Dry and steam irons • Mixer grinders • Hand blenders • Electric Kettle • Oil Filled Radiator • Hair dryer & straighteners • Trimmers • Electric Sterilisers • Heated Hair Brush • OTG • Coming soon – Chimneys, Air Coolers FHP motors used in – • Mixer grinder • Hand blender • Wet grinder • Chimney • Air conditioner • TPW fans • Medical diagnostic cartridges for use in diagnostic devices • Plastic moulded and sheet metal parts and components, largely for customers in the auto ancillary and consumer durables sectors Home Appliances FHP Motors LED Lighting, Fans and Switches Medical Diagnostic Cartridges Moulded and Sheet Metal Component EMS Products Components
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Manufacturing Locations 3 Baddi, Himachal Pradesh Commenced Operations in 2004 • Home appliances – Small appliances & Personal Care products Ghaziabad, Uttar Pradesh Commenced Operations in 1970 • Fractional horsepower motors • LED lighting & fans • Plastic moulded parts and sheet metal components Verna, Goa Commenced Operations in 1995 • Medical diagnostic cartridges • Plastic moulded parts and sheet metal components Products manufactured Medium sized Home appliances such as Air coolers, chimneys, OTGs will be made at Bhiwadi
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Manufacturing Facilities 4 TOOL ROOM PRESS SHOP AL DIECASTING MOTORS MANUFACTURING EMS FACILITY SMT lines, Capacity: 600K CPH – 15 T to 350 T MOULDING SHOP 50T - 700 T 150T - 650 T ASSEMBLY LINES PAD PRINTING TESTING LAB COATING POWDER COATING, LIQUID PAINTING METALLIZING
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S No Description 1 Company Overview 2 Q1 FY27 & FY27 Financial Performance & Business Discussion 3 Future Outlook Agenda
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Q1FY27 & FY27 Snapshot Operating Revenue INR 3,628 million up ~23% YoY from INR 2,955 million EBITDA INR 40 million down ~77% YoY from INR 176 million Profit/(Loss) Before exceptional item INR (38) million from INR 127 million Net Cash / (Debt) INR 59 million from INR 701 million Net WC Days ~54 days from ~59 days 5
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Q1FY27 & FY27 Snapshot 6 Revenue grew ~23% on a YoY basis led by a combination of volume and realization growth across categories except motors where there was a decline in overall volumes and revenue Gross margin & EBITDA margin impacted because: Gross margins impacted by ~640 bps YoY due to sharp surge in polymer prices on the back of higher crude prices driven the war along with escalation in metal prices especially aluminium as well as the depreciation of the INR vs USD Unanticipated large revision in minimum wage of ~25% in Ghaziabad w.e.f. April 1, 2026 Change in product mix with decline in higher gross margin products replaced with low gross margin products INR million Q1-FY26 Q1-FY27 Q4-FY26 Q1-FY27 Revenue 2,955 3,628 3,242 3,628 EBITDA 176 40 60 40 Margin % 5.9% 1.1% 1.8% 1.1% Profit/(Loss) Before exceptional item 127 -38 -17 -38
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Revenue Breakdown 7 INR million Q1-FY26 Q1-FY27 Q4-FY26 Q1-FY27 Lighting, Fans & Switches 801 1,060 940 1,060 Small Appliances 686 1,106 940 1,106 FHP Motors 614 456 457 456 Other EMS 154 193 193 193 Total EMS 2,255 2,815 2,530 2,815 Precision Components & Others 613 712 596 712 Medical Cartridges 87 101 116 101 Total Non-EMS 700 813 712 813 Total Revenue 2,955 3,628 3,242 3,628
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Expenditure Analysis 8 Q1-FY26 Q1-FY27 Q4-FY26 Q1-FY27 Cost of Material Consumed 72.0% 78.4% 77.3% 78.4% Employee Benefits 14.5% 13.5% 12.9% 13.5% Other Expenses 7.5% 6.9% 7.9% 6.9% EBITDA w/o Other income 5.9% 1.1% 1.8% 1.1% Finance Costs 0.7% 0.8% 0.7% 0.8% Depreciation 2.0% 2.0% 2.0% 2.0% Profit/(Loss) Before exceptional item 4.3% -1.0% -0.5% -1.0%
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Lighting, Fans & Switches 9 Lighting revenue grew basis newly added customers ramping up While revenue has grown well, change in product mix has impacted margin with downlights being replaced by battens In the batten category, we could not increase customer prices despite substantial increase in input due to irrational competition which has squeezed margins Fans revenue up ~75% YoY on better volumes across fans especially in the BLDC ceiling fans category TPW category also seeing good traction and demand INR million Q1-FY26 Q1-FY27 Q4-FY26 Q1-FY27 Lighting 395 514 395 514 Flashlights 94 75 52 75 Fans 278 429 459 429 Switches 34 41 35 41 Total 801 1,060 940 1,060
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Small Appliances 10 Kitchen & home care grew ~70% YoY on the back of good volume growth across categories Margin pressure has been severe as commodity prices moved up sharply. This has been adjusted with effect from July using average of Q1 commodity prices. Customer demand seems reasonably strong evidenced by high double digit volume growth across the category Personal care segment grew by 43% YoY on the back of better volumes in hair dryers and sterilizers INR million Q1-FY26 Q1-FY27 Q4-FY26 Q1-FY27 Kitchen & Home Care 424 732 617 732 Personal Care 262 374 323 374 Total 686 1,106 940 1,106
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Fractional Horsepower Motors Motors of Consumer durables comprise mixer grinders, hand blenders and chimney Decline in volumes of chimney and MG motors due to sharp increase in prices Others represents sale of synchronous motors terminal blocks which was impacted as most of our customers had to shut production for March 2026 due to the gas crisis caused due to the war 11 INR million Q1-FY26 Q1-FY27 Q4-FY26 Q1-FY27 Consumer Durables 479 396 352 396 Fans 74 19 61 19 Others 62 41 43 41 Total 614 456 457 456
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Capex Overview Plant & Machinery represents addition of machinery primarily for MG motor and press shop and automation Tools, Dies & Moulds, represent tooling development for new products Capex towards Bhiwadi facility at INR 620 million (excl land) (in CWIP + Capital advances) 12 INR million Ghaziabad Baddi Goa Total (Q1FY27) Land & Building 2.7 0.0 0.0 2.7 Plant & Machinery 34.0 8.2 1.6 43.8 Electrical Installation 1.6 1.4 0.0 3.0 Tools, Dies & Moulds 5.5 13.2 2.2 20.9 Others 4.3 1.0 0.0 5.3 Total 48.1 23.7 3.8 75.6
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S No Description 1 Company Overview 2 Q1 FY27 & FY27 Financial Performance & Business Discussion 3 Future Outlook Agenda
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Future Growth Drivers 13 Government Policy & Regulations Cost Leadership & Scale Favourable Demographics Make in India thrust BIS norms PLI benefits Cost leadership achieved through economies of scale, focus on R&D and automation and overall operational excellence Higher disposable & discretionary income Rising urbanization levels Focus on convenience
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Thank You