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Elin Electronics Limited provides design and manufacturing services for electric motors, tools, moulds, dies, kitchen appliances, personal care and lighting products, and automotive components in India and internationally. The company offers LED lightings and flashlights, modular switches, and sockets; ceiling and fresh air fans, etc.; small appliances such as dry and steam irons, toasters, hand blenders, and mixer grinders; personal care products includes hair dryer and straightener, trimmers, and heated straightening brushes; and fractional horsepower motors, which are used in mixer grinder, hand blender, wet grinder, chimney, air conditioner, heat convector, and TPW fans. It also provides stainless steel blades for mixer grinders; manufactures medical diagnostic cartridges for use in diagnostic devices; and plastic molded and sheet metal parts and components. The company serves original equipment manufacturers and original design manufacturers. Elin Electronics Limited was founded in 1969 and is based in New Delhi, India.

Elin Electronics Dividend Announcement

• Elin Electronics announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2023-10-30. Ex dividend date: 2023-09-22
• Elin Electronics's trailing twelve-month (TTM) dividend yield is -%

Elin Electronics Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-09-22₹1.00annually2023-10-30

Elin Electronics Dividend per year

Elin Electronics Dividend Yield

Elin Electronics current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Elin Electronics stock? Use our calculator to estimate your expected dividend yield:

Elin Electronics Financial Ratios

P/E ratio63.41
PEG ratio-3.80
P/B ratio2.08
ROE3.35%
Payout ratio0.00%
Current ratio2.57
Quick ratio1.88
Cash Ratio0.05

Elin Electronics Dividend FAQ

Does Elin Electronics stock pay dividends?
Elin Electronics does not currently pay dividends to its shareholders.
Has Elin Electronics ever paid a dividend?
No, Elin Electronics has no a history of paying dividends to its shareholders. Elin Electronics is not known for its dividend payments.
Why doesn't Elin Electronics pay dividends?
There are several potential reasons why Elin Electronics would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Elin Electronics ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Elin Electronics has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Elin Electronics a dividend aristocrat?
Elin Electronics is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Elin Electronics a dividend king?
Elin Electronics is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Elin Electronics a dividend stock?
No, Elin Electronics is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Elin Electronics stocks?
To buy Elin Electronics you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Elin Electronics stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.