ELNET
Elnet Technologies financials
- Market cap
- ₹123 Cr
- Sector
- Information Technology
What Elnet Technologies Ltd. does
Elnet Technologies Limited is registered at 'Elnet Software City', Block No. 2 & 9, Rajiv Gandhi Salai, Taramani, Chennai, and its equity shares are listed on the BSE. The annual report provided (34th Annual Report, FY2024-25) covers the Notice of AGM, Board's Report, Corporate Governance Report and financial statements, but its Management Discussion & Analysis is only referenced as an annexure and its business/segment description is not included in the extracted text. No grounded detail on what the company manufactures, sells or operates is therefore available from this document.
Quarterly results
Q1 FY27: revenue up 10.7%, net profit up 0.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 6 | 5 | 6 | 6 +4% | 6 +10% | 6 +18% | 7 +11% |
| EBITDA | 4 | 4 | 3 | 4 | 4 +2% | 4 +12% | 4 +38% | 4 +19% |
| Net profit | 4 | 4 | 5 | 5 | 5 +13% | 5 +16% | 5 +6% | 5 +0% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +19.4% YTD
YTD: ₹56 on 8 Jul 2014 → ₹66.85. High ₹78.2 (14 Sept 2014), low ₹52.15 (15 Jul 2014).
Financials, as filed
Revenue fell 2.3% a year over 2 years, FY24 to FY26. Operating margin narrowed to 66.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹26 Cr | ₹23 Cr | ₹25 Cr |
| Operating profit | ₹18 Cr | ₹15 Cr | ₹17 Cr |
| Operating margin | 67.2% | 64.0% | 66.5% |
| Interest | ₹1 Cr | ₹0 Cr | ₹1 Cr |
| Depreciation | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Net profit | ₹18 Cr | ₹18 Cr | ₹20 Cr |
| Net margin | 66.9% | 76.2% | 80.5% |
| Cash from operations | ₹-62 Cr | ₹5 Cr | ₹34 Cr |
| Free cash flow | ₹-63 Cr | ₹3 Cr | ₹32 Cr |
| ROCE | 18.0% | 15.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Reserves | ₹93 Cr | ₹106 Cr | ₹119 Cr | ₹135 Cr | ₹162 Cr | ₹172 Cr |
| Borrowings | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Other liabilities | ₹15 Cr | ₹14 Cr | ₹17 Cr | ₹16 Cr | ₹15 Cr | ₹16 Cr |
| Total liabilities | ₹116 Cr | ₹128 Cr | ₹144 Cr | ₹159 Cr | ₹185 Cr | ₹196 Cr |
| Fixed assets | ₹24 Cr | ₹23 Cr | ₹22 Cr | ₹22 Cr | ₹23 Cr | ₹23 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹3 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Other assets | ₹88 Cr | ₹101 Cr | ₹118 Cr | ₹133 Cr | ₹158 Cr | ₹168 Cr |
| Total assets | ₹116 Cr | ₹128 Cr | ₹144 Cr | ₹159 Cr | ₹185 Cr | ₹196 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 10% to 4,738.
- Promoters
- 52.9%
- Public
- 47.1%
Since Jun 2025
- Public −0.01 pp
- Promoters 0.00 pp
- Government 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 52.9%, Government 0.2%, Public 47.0%.Dec '23: Promoters 52.9%, Public 47.1%.Mar '24: Promoters 52.9%, Public 47.1%.Jun '24: Promoters 52.9%, Public 47.1%.Sep '24: Promoters 52.9%, Public 47.2%.Dec '24: Promoters 52.9%, Public 47.2%.Mar '25: Promoters 52.9%, Public 47.1%.Jun '25: Promoters 52.9%, Public 47.2%.Sep '25: Promoters 52.9%, Public 47.2%.Dec '25: Promoters 52.9%, Public 47.1%.Mar '26: Promoters 52.9%, Public 47.1%.Jun '26: Promoters 52.9%, Public 47.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mahendra Girdharilal Wadhwani newly disclosed 1.29% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Elnet Technologies Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Electronics Corporation Of Tamilnadu Ltd | 26.00% | unchanged |
| Stur Technologies Pvt Ltd | 11.25% | unchanged |
| Shanmugam Thiagarajan | 9.24% | unchanged |
| Southern Projects Management Pvt Ltd | 6.36% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 3.41% | unchanged |
| Sangeetha S | 3.36% | unchanged |
| Shailesh Ramniklal Shah | 1.64% | unchanged |
| Mahendra Girdharilal Wadhwani | 1.29% | newly disclosed |
| Lincoln P Coelho | 1.25% | unchanged |
| Sabjot Singh Sahni | 1.16% | unchanged |
| Mita Dipak Shah | 1.07% | unchanged |
| Vinay Rao Kodige | 1.06% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹67, this stock must grow earnings at -32% every year for 7 years. Our analysis caps realistic growth at ~7%. At that growth it is worth ₹557 — upside of 733%.
- Growth the price implies
- -32.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 7.1% a year
- net profit, FY24–FY26 · EPS 7.2%
- The gap
- -0.4 pp
- 733% downside if it only repeats history
Learn to analyse Elnet Technologies Ltd.
Guides on how to read this kind of business and the numbers that matter.