Elnova Private Limited: Comprehensive Tender Performance Analysis

Elnova Private Limited, a key player in the Indian government tender landscape, demonstrates strategic engagement with 258 tender participations. This comprehensive analysis provides critical insights into their bidding performance, win patterns, financial stability, and competitive standing. Elnova has shown a 12.0% win rate across all bids, securing 31 L1 positions. Their financial health assessment reveals a Critical score of 29.2/100, indicating opportunities for improvement despite their strong regional presence in Uttarakhand.

Key Performance Metrics: From April 2018 to March 2025, Elnova participated in 258 government tenders, achieving a 12.0% win rate and a 44.6% qualification rate. Contract value secured during this period totals ₹12,00,32,652. A detailed analysis of their financial health, using TenderAI scoring components, reveals a “Critical” status, driven by specific performance areas detailed below. Market positioning analysis places Elnova as a consistent bidder in the IT and infrastructure sectors, particularly within government tenders.

Elnova excels in tenders related to the Ministry of Defence, NA, and Department of Defence Research & Development. Their ability to secure 31 L1 bids highlights a specialized approach to government procurement, showing consistent competitiveness in key public sector contracts. This analysis aims to provide actionable insights for stakeholders including government procurement officers, industry specialists, and Elnova’s management team.

Financial Performance Analysis

Yearly Trends: A year-on-year analysis reveals fluctuations in Elnova's performance. The most recent fiscal year, FY2024-25, shows a win rate of 4.17%, a decrease from previous years.