Elin Electronics vs PG Electroplast: Share Price, PE, ROE Compared

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 – 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's wide range of scale and financial performance.

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.

Reach and Market Position

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.

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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.

Key Products and Business Mix

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.

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.

Latest Results and Financial Data

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 – making this the most asymmetric comparison in B28.

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's fastest-growing EMS company for home appliances.

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Stock Performance and Valuation

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.

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.

Elin Electronics vs PG Electroplast: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter	Elin Electronics	PG Electroplast
Sector	Appliance sub-assemblies: motors, fans, PCBs (component supplier, Kundli)	Complete appliances EMS: ACs, washing machines, air coolers (ODM, Greater Noida)
Market Cap	Rs 475 Cr (37x smaller!)	Rs 17,793 Cr
Profitability	LOSS-MAKING (EPS -1.65)	Profitable (PE 86.42x, ROE 6.45%)
Position	Sub-assembly component supplier	Complete appliance EMS manufacturer
Customers	Appliance manufacturers	Brands: Voltas, Lloyd, Carrier, etc.
Scale	Very small-cap, limited scale	Large-cap EMS company, growing rapidly
Status	Loss-making phase	Profitable but expensive PE

Conclusion

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'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 – investors should not treat them as comparable companies. Consult a SEBI-registered advisor before investing in any loss-making company.

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Frequently Asked Questions

What does Elin Electronics make?

Ans. Elin Electronics manufactures sub-assembly components for home appliances – blower assemblies, motor assemblies, fan assemblies and PCBs supplied to home appliance manufacturers.

What does PG Electroplast make?

Ans. PG Electroplast manufactures complete home appliances under EMS (Electronics Manufacturing Services) – air conditioners, washing machines, air coolers and LED TVs under ODM/OEM contracts for brands like Voltas, Lloyd and Carrier.

What is ODM manufacturing?

Ans. ODM (Original Design Manufacturer) designs and manufactures products that are sold under the buyer's brand. PG Electroplast designs and makes appliances which brands like Voltas sell under their own labels.

Why is there a 37x size gap?

Ans. PG Electroplast has grown dramatically as a complete appliance EMS company riding India's Make in India wave. Elin Electronics is a smaller sub-assembly supplier that hasn't scaled comparably.

Is Elin Electronics profitable?

Ans. No. Elin Electronics is currently loss-making. Investors should review the latest exchange filings.

Are Elin and PG Electroplast in Nifty 50?

Ans. Neither is in Nifty 50.

What is EMS?

Ans. 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.