---
title: "Elnet Technologies Ltd (ELNET) — Share Price, Financials & Analysis"
symbol: "ELNET"
company: "Elnet Technologies Ltd"
canonical: "https://tapetide.com/stocks/ELNET"
bse_code: "517477"
sector: "Information Technology"
industry: "IT - Services"
generated_at: "2026-10-13T10:57:23.028Z"
---

# Elnet Technologies Ltd (ELNET)

Canonical page: https://tapetide.com/stocks/ELNET

## Company

- **BSE Code:** 517477
- **Sector:** Information Technology
- **Industry:** IT - Services
- **Macro Sector:** Information Technology
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** elnettechnologies.com

## About

Incorporated in 1990, Elnet Technologies Ltd develops and maintains an integrated software technology park and infra structure for Business Process Outsourcing Industries[1]

## Latest Price

- **Price:** ₹300.1
- **Change:** +0.85 (+0.28%)
- **Open:** ₹303.95
- **Day High:** ₹303.95
- **Day Low:** ₹295
- **Previous Close:** ₹299.25
- **Volume:** 1538
- **As Of:** 2026-10-13T10:02:24+00:00

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.67 times its book value

### Weaknesses

- The company has delivered a poor sales growth of 3.15% over past five years.
- Company has a low return on equity of 12.2% over last 3 years.
- Earnings include an other income of Rs.11.3 Cr.
- Dividend payout has been low at 4.07% of profits over last 3 years

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 9% | 14% | 11% |
| revenue growth | 10% | 0% | 3% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 6.76 | 6.78 | 5.89 | 5.89 | 6.03 | 5.88 | 5.23 | 6.09 | 6.25 | 6.45 | 6.16 | 6.74 |
| Expenses | 2.05 | 2.08 | 2.1 | 2.24 | 1.97 | 2 | 2.09 | 2.31 | 2.1 | 2.1 | 1.84 | 2.26 |
| Operating Profit | 4.71 | 4.7 | 3.79 | 3.65 | 4.06 | 3.88 | 3.14 | 3.78 | 4.15 | 4.35 | 4.32 | 4.48 |
| OPM % | 69.67 | 69.32 | 64.35 | 61.97 | 67.33 | 65.99 | 60.04 | 62.07 | 66.4 | 67.44 | 70.13 | 66.47 |
| Other Income | 2.14 | 2.2 | 2.36 | 2.3 | 2.44 | 2.48 | 3 | 2.63 | 2.85 | 2.61 | 3.09 | 2.78 |
| Interest | 0.15 | 0.17 | 0.18 | 0.12 | 0.12 | 0.11 | 0.11 | 0.11 | 0.14 | 0.21 | 0.22 | 0.24 |
| Depreciation | 0.42 | 0.42 | 0.37 | 0.37 | 0.37 | 0.44 | 0.43 | 0.42 | 0.45 | 0.46 | 0.2 | 0.44 |
| Profit before tax | 6.28 | 6.31 | 5.6 | 5.46 | 6.01 | 5.81 | 5.6 | 5.88 | 6.41 | 6.29 | 6.99 | 6.58 |
| Tax % | 24.2 | 24.56 | 27.68 | 25.82 | 26.12 | 25.82 | 15.54 | 14.46 | 21.53 | 20.03 | 28.04 | 23.4 |
| Net Profit | 4.76 | 4.76 | 4.05 | 4.05 | 4.45 | 4.32 | 4.73 | 5.02 | 5.02 | 5.03 | 5.02 | 5.03 |
| EPS in Rs | 11.9 | 11.9 | 10.12 | 10.12 | 11.12 | 10.8 | 11.82 | 12.55 | 12.55 | 12.58 | 12.55 | 12.58 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 22 | 21 | 24 | 21 | 22 | 25 | 26 | 23 | 25 | 26 |
| Expenses | 11 | 10 | 10 | 6 | 6 | 9 | 9 | 8 | 8 | 8 |
| Operating Profit | 12 | 11 | 14 | 16 | 16 | 16 | 18 | 15 | 17 | 17 |
| OPM % | 53 | 54 | 60 | 73 | 71 | 64 | 67 | 64 | 67 | 68 |
| Other Income | 4 | 4 | 5 | 5 | 5 | 6 | 8 | 10 | 11 | 11 |
| Interest | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 |
| Depreciation | 3 | 3 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 2 |
| Profit before tax | 12 | 12 | 15 | 16 | 17 | 19 | 24 | 23 | 26 | 26 |
| Tax % | 27 | 28 | 26 | 26 | 26 | 27 | 26 | 23 | 21 | — |
| Net Profit | 9 | 8 | 11 | 12 | 13 | 14 | 17 | 18 | 20 | 20 |
| EPS in Rs | 22.5 | 21.02 | 27.12 | 29.98 | 31.52 | 34.22 | 43.72 | 43.88 | 50.22 | 50.26 |
| Dividend Payout % | 7 | 7 | 4 | 5 | 6 | 6 | 4 | 4 | 4 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 55 | 64 | 71 | 81 | 93 | 106 | 119 | 135 | 152 | 172 |
| Borrowings | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Other Liabilities | 15 | 16 | 15 | 16 | 15 | 14 | 17 | 16 | 14 | 16 |
| Total Liabilities | 78 | 88 | 95 | 105 | 116 | 128 | 144 | 159 | 175 | 196 |
| Fixed Assets | 23 | 23 | 26 | 27 | 24 | 23 | 22 | 22 | 23 | 23 |
| CWIP | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7 | 8 | 8 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
| Other Assets | 48 | 57 | 61 | 75 | 88 | 101 | 118 | 133 | 148 | 168 |
| Total Assets | 78 | 88 | 95 | 105 | 116 | 128 | 144 | 159 | 175 | 196 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -8 | 25 | 7 | -22 | 32 | -25 | 14 | -62 | 5 | 34 |
| Cash from Investing Activity | 10 | -24 | -9 | 28 | -35 | 34 | -15 | 66 | 6 | -47 |
| Cash from Financing Activity | -1 | -1 | -1 | -1 | 0 | -1 | -1 | -1 | -1 | -1 |
| Net Cash Flow | 1 | 0 | -3 | 5 | -3 | 8 | -2 | 3 | 10 | -14 |
| Free Cash Flow | -9 | 22 | 0 | -26 | 31 | -26 | 12 | -63 | 3 | 32 |
| CFO/OP | -31 | 239 | 91 | -122 | 233 | -136 | 104 | -324 | 69 | 243 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 37 | 39 | 36 | 29 | 53 | 34 | 36 | 35 | 31 | 10 |
| Cash Conversion Cycle | 37 | 39 | 36 | 29 | 53 | 34 | 36 | 35 | 31 | 10 |
| Working Capital Days | -192 | -212 | -80 | -83 | -14 | -145 | -61 | -71 | -137 | -70 |
| ROCE % | 20 | 19 | 16 | 18 | 18 | 16 | 16 | 18 | 15 | 15 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 52.85% | 43.61% | 43.61% | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% |
| DIIs | 0% | 9.24% | 9.24% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0.18% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 47.15% | 46.97% | 47.15% | 47.15% | 47.15% | 47.15% | 47.16% | 47.15% | 47.14% | 47.15% | 47.15% |
| No. of Shareholders | 6219 | 5248 | 4926 | 4671 | 5135 | 5484 | 5057 | 5589 | 5315 | 4854 | 4738 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% | 52.85% |
| Government | 0.17% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 46.98% | 47.15% | 47.15% | 47.15% | 47.16% | 47.16% | 47.14% | 47.16% | 47.17% | 47.15% | 47.15% | 47.15% |
| No. of Shareholders | 4862 | 5616 | 5589 | 5568 | 5642 | 5361 | 5315 | 5248 | 5090 | 5315 | 4854 | 4738 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 298.95 | Sell |
| EMA (10) | 299.47 | Sell |
| SMA (20) | 303.44 | Sell |
| EMA (20) | 302.94 | Sell |
| SMA (50) | 311.01 | Sell |
| EMA (50) | 310.02 | Sell |
| SMA (100) | 321.34 | Sell |
| EMA (100) | 317.51 | Sell |
| SMA (200) | 327.95 | Sell |
| EMA (200) | 326.86 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.34 | Neutral |
| MACD (12,26,9) | -4.38 | Sell |
| Stochastic (14,3,3) | 13.18 | Buy |
| ADX (14) | 13.77 | Neutral |
| Williams %R (14) | -92.95 | Buy |
| ATR (14) | 7.44 | Neutral |
| ROC (12) | -5.03 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 32.88 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-10-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4892753-2307-4edd-8c09-cb6adb53efce.pdf) |
| 2026-09-25 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af493830-ffef-4607-9e0a-bc59ba69fd27.pdf) |
| 2026-09-18 | [Shareholder Meeting / Postal Ballot-Scrutinizer''s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f639131-32d5-4094-a859-2f32e5050f15.pdf) |
| 2026-09-17 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0102bc21-23f8-4f6f-99a3-039f8cef5b1c.pdf) |
| 2026-09-07 | [Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirement) Regulations 2015 ('Listing Regulations')](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14b136c5-3158-4c45-af19-0373e656f3d0.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1240cef-ca30-4b00-a308-29103ef6c620.pdf) |
| 2026-08-28 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef99a31f-5956-4135-8cc0-addd3cc405ea.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28703322-4935-4c66-84b8-8677d5ea127f.pdf) |
| 2026-08-26 | [Intimation Of Book Closure And Record Date For Dividend And E-Voting Of ELNET TECHNOLOGIES LIMITED For The 35Th Annual General Meeting For Financial Year 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20f2fc22-cfc3-421f-a1cb-8442ad074fd3.pdf) |
| 2026-08-26 | [Intimation Of Record Date And Book Closure For Dividend And E-Voting Of ELNET TECHNOLOGIES LIMITED For The 35Th Annual General Meeting For Financial Year 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da6dfded-d7ac-4f61-b719-4b35985b8280.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f8ba8775-f0d3-40e4-aeca-db44e8346f4f.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c2e6a4f-e296-420c-8682-70aedc0f5230.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/94c43e36-c889-4cd1-b94f-3dbbe67629d1.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c71b14a-a0cb-490d-9464-0eb53e82e225.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/517477/74307517477.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/517477/68753517477.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/517477/65925517477.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/517477/5174770319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/517477/5174770318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/517477/5174770317.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-12-08 | Credit rating update — CARE Ratings |
| 2025-01-07 | Credit rating update — CARE Ratings |
| 2024-01-08 | Credit rating update — CARE Ratings |
| 2023-01-27 | Credit rating update — CARE Ratings |
| 2022-12-26 | Credit rating update — CARE Ratings |
| 2021-12-30 | Credit rating update — CARE Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:57:23.028Z.