{"id":199995,"date":"2026-08-12T16:23:38","date_gmt":"2026-08-12T10:53:38","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=199995"},"modified":"2026-08-12T16:23:40","modified_gmt":"2026-08-12T10:53:40","slug":"elin-electronics-vs-pg-electroplast-comparison","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/","title":{"rendered":"Elin Electronics vs PG Electroplast: Share Price, PE, ROE Compared"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Elin Electronics MCap Rs 475 Cr, LOSS-MAKING (EPS -1.65). PG Electroplast MCap Rs 17,793 Cr, PE 86.42x, ROE 6.45%. Size gap: 37x. Elin loss-making.<\/em><\/p>\n<p>Elin Electronics vs PG Electroplast is a comparison electronics manufacturing investors look up when noting two listed Indian companies in the appliance sub-assembly EMS space. This comparison is highly asymmetric &#8211; there is a 37x size gap and Elin Electronics is currently loss-making, while PG Electroplast is the much larger profitable company. Elin Electronics, a Kundli-based company, manufactures sub-assemblies (motors, fans, PCBs) for home appliances. PG Electroplast, a Greater Noida-based company, is a leading EMS (electronics manufacturing services) company making complete home appliances (air conditioners, washing machines, air coolers) for major Indian brands. The Elin versus PG Electroplast comparison highlights the industry&#8217;s wide range of scale and financial performance.<\/p>\n<p>This Elin Electronics vs PG Electroplast article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#Reach_and_Market_Position\" title=\"Reach and Market Position\">Reach and Market Position<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#Key_Products_and_Business_Mix\" title=\"Key Products and Business Mix\">Key Products and Business Mix<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#Latest_Results_and_Financial_Data\" title=\"Latest Results and Financial Data\">Latest Results and Financial Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#Stock_Performance_and_Valuation\" title=\"Stock Performance and Valuation\">Stock Performance and Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#Elin_Electronics_vs_PG_Electroplast_Quick_Comparison_Table\" title=\"Elin Electronics vs PG Electroplast: Quick Comparison Table\">Elin Electronics vs PG Electroplast: Quick Comparison Table<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#What_does_Elin_Electronics_make\" title=\"What does Elin Electronics make?\">What does Elin Electronics make?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#What_does_PG_Electroplast_make\" title=\"What does PG Electroplast make?\">What does PG Electroplast make?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#What_is_ODM_manufacturing\" title=\"What is ODM manufacturing?\">What is ODM manufacturing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#Why_is_there_a_37x_size_gap\" title=\"Why is there a 37x size gap?\">Why is there a 37x size gap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#Is_Elin_Electronics_profitable\" title=\"Is Elin Electronics profitable?\">Is Elin Electronics profitable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#Are_Elin_and_PG_Electroplast_in_Nifty_50\" title=\"Are Elin and PG Electroplast in Nifty 50?\">Are Elin and PG Electroplast in Nifty 50?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/elin-electronics-vs-pg-electroplast-comparison\/#What_is_EMS\" title=\"What is EMS?\">What is EMS?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Reach_and_Market_Position\"><\/span><strong>Reach and Market Position<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In this Elin Electronics vs PG Electroplast comparison, Elin Electronics manufactures sub-assembly components (blower assemblies, motors, fan assemblies) for washing machines, air conditioners and other appliances. Market capitalisation is Rs 475 Cr.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=elin-vs-pgelectroplast\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<p>PG Electroplast manufactures complete home appliances (ACs, washing machines, air coolers, LED TVs) as an EMS company for brands like Voltas, Lloyd, Carrier and others under ODM\/OEM arrangements. Market capitalisation is Rs 17,793 Cr.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Products_and_Business_Mix\"><\/span><strong>Key Products and Business Mix<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For the Elin Electronics vs PG Electroplast product breakdown, Elin Electronics: Elin earns from appliance sub-assembly manufacturing. EPS is -Rs 1.65 (LOSS-MAKING!). Elin Electronics is currently loss-making. Note: the 37x size gap makes this a highly asymmetric comparison.<\/p>\n<p>PG Electroplast: PG Electroplast earns from complete appliance EMS and ODM. EPS is Rs 7.18. PE is 86.42x, ROE 6.45 percent, D\/E 0.20.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Latest_Results_and_Financial_Data\"><\/span><strong>Latest Results and Financial Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On the Elin Electronics vs PG Electroplast results front: Elin Electronics has a market cap of Rs 475 Cr and is LOSS-MAKING. Elin is 37 times smaller than PG Electroplast &#8211; making this the most asymmetric comparison in B28.<\/p>\n<p>PG Electroplast has a market cap of Rs 17,793 Cr and PE of 86.42x. ROE is 6.45 percent. PG Electroplast is India&#8217;s fastest-growing EMS company for home appliances.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Compare Elin Electronics and PG Electroplast Fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stock_Performance_and_Valuation\"><\/span><strong>Stock Performance and Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors tracking the Elin Electronics vs PG Electroplast comparison should verify current prices on NSE or BSE before trading. The Elin Electronics vs PG Electroplast stock data below reflects the latest available figures from Groww and public company filings.<\/p>\n<p>Elin Electronics versus PG Electroplast: a highly asymmetric comparison with a 37x size gap. Elin (Rs 475 Cr, LOSS-MAKING) vs PG Electroplast (Rs 17,793 Cr, PE 86.42x). Comparing Elin and PG Electroplast on equal terms is not feasible given the scale difference.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Elin_Electronics_vs_PG_Electroplast_Quick_Comparison_Table\"><\/span><strong>Elin Electronics vs PG Electroplast: Quick Comparison Table<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The comparison table below summarises the key metrics side by side.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<th style=\"border: 1px solid #ccc; padding: 8px;\">Parameter<\/th>\n<th style=\"border: 1px solid #ccc; padding: 8px;\"><a href=\"https:\/\/univest.in\/stocks\/elin-electronics-ltd-share-price-today\">Elin Electronics<\/a><\/th>\n<th style=\"border: 1px solid #ccc; padding: 8px;\"><a href=\"https:\/\/univest.in\/stocks\/pg-electroplast-ltd-share-price-today\">PG Electroplast<\/a><\/th>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Sector<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Appliance sub-assemblies: motors, fans, PCBs (component supplier, Kundli)<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Complete appliances EMS: ACs, washing machines, air coolers (ODM, Greater Noida)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Market Cap<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Rs 475 Cr (37x smaller!)<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Rs 17,793 Cr<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Profitability<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">LOSS-MAKING (EPS -1.65)<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Profitable (PE 86.42x, ROE 6.45%)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Position<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Sub-assembly component supplier<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Complete appliance EMS manufacturer<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Customers<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Appliance manufacturers<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Brands: Voltas, Lloyd, Carrier, etc.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Scale<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Very small-cap, limited scale<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Large-cap EMS company, growing rapidly<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Status<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Loss-making phase<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Profitable but expensive PE<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Elin Electronics vs PG Electroplast comparison above covers reach, products, results and valuation. Elin Electronics versus PG Electroplast is a highly asymmetric comparison within the appliance EMS sector. PG Electroplast is one of India&#8217;s fastest-growing complete-appliance EMS companies, while Elin is a loss-making sub-assembly supplier 37 times smaller. The Elin and PG Electroplast comparison is included for sector context &#8211; investors should not treat them as comparable companies. Consult a SEBI-registered advisor before investing in any loss-making company.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Elin Electronics and PG Electroplast live price and get daily stock recommendations.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Elin_Electronics_make\"><\/span><strong>What does Elin Electronics make?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Elin Electronics manufactures sub-assembly components for home appliances &#8211; blower assemblies, motor assemblies, fan assemblies and PCBs supplied to home appliance manufacturers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_PG_Electroplast_make\"><\/span><strong>What does PG Electroplast make?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> PG Electroplast manufactures complete home appliances under EMS (Electronics Manufacturing Services) &#8211; air conditioners, washing machines, air coolers and LED TVs under ODM\/OEM contracts for brands like Voltas, Lloyd and Carrier.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_ODM_manufacturing\"><\/span><strong>What is ODM manufacturing?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ODM (Original Design Manufacturer) designs and manufactures products that are sold under the buyer&#8217;s brand. PG Electroplast designs and makes appliances which brands like Voltas sell under their own labels.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_there_a_37x_size_gap\"><\/span><strong>Why is there a 37x size gap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> PG Electroplast has grown dramatically as a complete appliance EMS company riding India&#8217;s Make in India wave. Elin Electronics is a smaller sub-assembly supplier that hasn&#8217;t scaled comparably.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Elin_Electronics_profitable\"><\/span><strong>Is Elin Electronics profitable?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. Elin Electronics is currently loss-making. Investors should review the latest exchange filings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_Elin_and_PG_Electroplast_in_Nifty_50\"><\/span><strong>Are Elin and PG Electroplast in Nifty 50?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Neither is in Nifty 50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_EMS\"><\/span><strong>What is EMS?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> EMS (Electronics Manufacturing Services) involves manufacturing electronics products for brand owners who focus on design and marketing. PG Electroplast is an EMS company making complete appliances for Indian brands.<\/p>\n<div class=\"faq-schema\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elin Electronics vs PG Electroplast: 37x size gap, Elin loss-making. PG Electroplast PE 86x, ROE 6.45%. Full data-backed breakdown. Caution: very mismatched pair.<\/p>\n","protected":false},"author":34,"featured_media":199994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[3802],"class_list":["post-199995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["199994"],"_edit_lock":["1786532024:37"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["24"],"rank_math_seo_score":["74"],"rank_math_title":["Elin Electronics vs PG Electroplast: Which EMS Stock to Know"],"rank_math_description":["Elin Electronics vs PG Electroplast: 37x size gap, Elin loss-making. PG Electroplast PE 86x, ROE 6.45%. Full data-backed breakdown. 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