ELNET TECHNOLOGIES LTD: Stock Idea

ELNET TECHNOLOGIES LTD ( 517477 )                                                                     CMP Rs. 227

Elnet Technologies Limited (ETL) was incorporated in August 1990 as a Public Limited Company promoted by Electronics Corporation of Tamil Nadu and Stur Technologies Pvt Ltd (formerly New Era Technologies Private Limited) & its Associates. ETL’s core competence is to develop and manage Software Technology Park. ETL has pioneered the concept of Software Technology Park in India.

ELNET TECHNOLOGIES : TECHNICAL MULTIYEAR BIG BREAKOUT POSSIBLE

Market Experts are bullish on share of Elnet Technologies and giving big target. 

• COMPANY IS ALMOST DEBT FREE

• ELNET TECH CORE COMPETENCE IS TO DEVLOP & MANAGE SOFTWARE TECHNOLOGY PARK

• ETL HAS PIONEERED THE CONCEPT OF SOFTWARE TECHNOLOGY PARK IN INDIA & ALSO PROVIDING INFRASTRUCTURE TO INFORMATION TECHNOLOGY & INFORMATION TECHNOLOGY ENABLED SERVICES INDUSTRY COMPANIES

Financial Highlights;

• BOOK VALUE Rs. 242 
• STOCK is trading  at a low PE below 8.
• PROMOTER HOLDING 52.85%
• ROE 12.38%

Stellar Result; 

• The company witnessed HIGHEST PAT IN LAST 5 YEAR

• DIVIDEND PAYING SINCE 2007 TO 2019 / SKIP IN 2020 DUE TO COVID

• FINANCIAL HIGHLIGHTS MARCH21 V/S MARCH20

• SALES 53.05 MILLION V/S 54.73 MILLIONS

• PAT 30.33 MILLION V/S 24.99 MILLION

• EPS 7.58₹ PER SHARE V/S 6.25₹ PER SHARE

DISLAIMER: PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING MY IDEA IS ONLY FOR EDUCATION PURPOSE.

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