WEBSITE BSE:517264 NSE: FINELINE CI Inc. Year: 1989 Industry: Electronics - Components My Bucket: Add Stock
Last updated: 11:25
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Fine-Line Circuits Ltd is an Indian electronics manufacturing company primarily engaged in the design, development, and production of printed circuit boards (PCBs) and related electronic components. The company caters to a wide range of industries including consumer electronics, automotive, telecom, industrial automation, medical devices, and power electronics. With in-house manufacturing capabilities and technical expertise, Fine-Line Circuits focuses on delivering high-precision, reliable, and application-specific PCB solutions to its custome...Read More
Fine-Line Circuits Ltd is an Indian electronics manufacturing company primarily engaged in the design, development, and production of printed circuit boards (PCBs) and related electronic components. The company caters to a wide range of industries including consumer electronics, automotive, telecom, industrial automation, medical devices, and power electronics. With in-house manufacturing capabilities and technical expertise, Fine-Line Circuits focuses on delivering high-precision, reliable, and application-specific PCB solutions to its customers. The company operates on a technology-driven and quality-focused manufacturing model, emphasizing process control, product consistency, and timely delivery. It offers services across the product lifecycle, from prototype development to mass production, helping clients reduce time-to-market for their electronic products. With the rapid growth of electronics manufacturing in India supported by government initiatives like Make in India and PLI schemes, Fine-Line Circuits is strategically positioned to benefit from rising demand for locally manufactured electronic components. Its long-term growth prospects are linked to increasing electronics penetration across sectors and the ongoing shift toward domestic sourcing of PCBs ...Read Less
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Market Cap ₹32 Cr.
Stock P/E 160.6
P/B 3.5
Current Price ₹65.9
Book Value ₹ 18.9
Face Value 10
52W High ₹107
Dividend Yield 0%
52W Low ₹ 52.4
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 5 | 7 | 7 | 7 | 7 | 10 | 7 | 7 | 10 | 8 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 5 | 7 | 7 | 7 | 7 | 10 | 7 | 7 | 10 | 8 |
| Total Expenditure | 5 | 6 | 7 | 7 | 7 | 9 | 6 | 7 | 9 | 7 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Provision for Tax | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Adjustments | -0 | 0 | -0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 |
| Profit After Adjustments | -0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | -0.1 | 0.4 | 0.2 | 0.1 | 0.1 | 0.2 | -0 | 0.1 | 0.1 | 0.2 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 24 | 25 | 26 | 28 | 32 | 27 | 23 | 30 | 27 | 24 | 30 | 32 |
| Other Income | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Total Income | 24 | 26 | 26 | 29 | 32 | 27 | 23 | 31 | 28 | 25 | 31 | 32 |
| Total Expenditure | 23 | 25 | 24 | 27 | 30 | 26 | 22 | 29 | 27 | 23 | 29 | 29 |
| Operating Profit | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 0 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | 0 | 0 | 0 | 0 | -0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Provision for Tax | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0.2 | 0.2 | 0.1 | 0.2 | 0.3 | -0.2 | 0.1 | 1.8 | 0.1 | 0.2 | 0.4 | 0.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 25% | 0% | 2% | 2% |
| Operating Profit CAGR | 0% | -21% | 0% | 0% |
| PAT CAGR | 0% | -100% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 33% | 3% | 19% | 21% |
| ROE Average | 2% | 1% | 3% | 2% |
| ROCE Average | 4% | 4% | 6% | 6% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 8 | 9 | 9 | 9 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1 | 2 | 1 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| Other Non-Current Liabilities | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Total Current Liabilities | 5 | 6 | 6 | 8 | 10 | 9 | 8 | 8 | 10 | 9 | 7 |
| Total Liabilities | 12 | 14 | 14 | 16 | 18 | 16 | 15 | 16 | 18 | 18 | 18 |
| Fixed Assets | 3 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 1 |
| Total Current Assets | 9 | 11 | 10 | 12 | 14 | 13 | 12 | 13 | 15 | 14 | 14 |
| Total Assets | 12 | 14 | 14 | 16 | 18 | 16 | 15 | 16 | 18 | 18 | 18 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 1 | 1 | 0 | 1 | 2 | 2 | 2 | 2 | 2 | 1 |
| Cash Flow from Operating Activities | 1 | -0 | 0 | 1 | 0 | 2 | 2 | 1 | 0 | -2 | 2 |
| Cash Flow from Investing Activities | -1 | -0 | -1 | -1 | -1 | -0 | -0 | -0 | -3 | 2 | -1 |
| Cash Flow from Financing Activities | 1 | 1 | -0 | 1 | 1 | -1 | -2 | -1 | 2 | -1 | -1 |
| Net Cash Inflow / Outflow | 1 | 1 | -1 | 1 | 1 | 0 | 0 | -0 | -0 | -1 | 0 |
| Closing Cash & Cash Equivalent | 1 | 1 | 0 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.16 | 0.18 | 0.07 | 0.19 | 0.34 | -0.18 | 0.11 | 1.83 | 0.15 | 0.22 | 0.41 |
| CEPS(Rs) | 1.24 | 1.38 | 1.48 | 1.88 | 2.01 | 1.48 | 1.35 | 2.87 | 1.2 | 1.42 | 1.66 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 14.02 | 14.2 | 14.3 | 14.56 | 15.06 | 15.23 | 15.52 | 17.28 | 17.67 | 17.73 | 18.31 |
| Core EBITDA Margin(%) | 2.32 | 2.04 | 4.58 | 3.5 | 3.86 | 3.31 | 3.54 | 4.84 | 1.95 | 3.29 | 3.46 |
| EBIT Margin(%) | 1.55 | 1.96 | 2.68 | 2.76 | 2.73 | 2.26 | 2.45 | 4.65 | 2.26 | 2.51 | 2.13 |
| Pre Tax Margin(%) | -0.1 | 0.54 | 0.61 | 0.47 | 0.51 | -0.32 | 0.25 | 3.05 | 0.24 | 0.45 | 0.72 |
| PAT Margin (%) | 0.32 | 0.34 | 0.14 | 0.33 | 0.52 | -0.33 | 0.23 | 2.93 | 0.26 | 0.44 | 0.65 |
| Cash Profit Margin (%) | 2.52 | 2.63 | 2.78 | 3.19 | 3.07 | 2.67 | 2.87 | 4.58 | 2.1 | 2.82 | 2.63 |
| ROA(%) | 0.64 | 0.65 | 0.25 | 0.62 | 0.96 | -0.51 | 0.34 | 5.71 | 0.42 | 0.59 | 1.11 |
| ROE(%) | 1.14 | 1.26 | 0.52 | 1.34 | 2.3 | -1.19 | 0.72 | 11.16 | 0.85 | 1.26 | 2.28 |
| ROCE(%) | 4.71 | 5.45 | 6.8 | 7.17 | 6.8 | 4.49 | 4.5 | 11.92 | 4.63 | 4.14 | 4.43 |
| Receivable days | 45.98 | 45.82 | 50.68 | 48.93 | 52.39 | 64.08 | 61.28 | 47.88 | 59.43 | 66.57 | 54.22 |
| Inventory Days | 71.13 | 72.42 | 79.47 | 78.88 | 75.31 | 82.29 | 86.18 | 65.21 | 79.28 | 112.13 | 96.31 |
| Payable days | 152.04 | 133.41 | 113.79 | 96.05 | 94.03 | 109.86 | 101.51 | 73.77 | 77.92 | 101.13 | 87.24 |
| PER(x) | 43.83 | 56.47 | 181.64 | 54.86 | 46.61 | 0 | 200 | 25.96 | 301.41 | 309.61 | 263.03 |
| Price/Book(x) | 0.5 | 0.7 | 0.94 | 0.73 | 1.06 | 1.57 | 1.42 | 2.75 | 2.55 | 3.89 | 5.9 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.18 | 0.26 | 0.38 | 0.3 | 0.38 | 0.57 | 0.55 | 0.82 | 0.89 | 1.59 | 1.87 |
| EV/Core EBITDA(x) | 6.99 | 7.19 | 7.06 | 5.36 | 7.25 | 10.78 | 10.73 | 12.92 | 21.65 | 32.52 | 45.47 |
| Net Sales Growth(%) | -4.56 | 6.79 | 0.9 | 10.91 | 11.41 | -15.34 | -15.13 | 32.66 | -8.65 | -11.58 | 25.08 |
| EBIT Growth(%) | -47.44 | 34.77 | 38.02 | 14.3 | 10.14 | -29.96 | -7.88 | 151.76 | -55.67 | -1.9 | 6.33 |
| PAT Growth(%) | -64.41 | 10.94 | -58.2 | 160.96 | 76.53 | -153.05 | 160.8 | 1562.95 | -91.84 | 49.16 | 84.31 |
| EPS Growth(%) | -64.41 | 10.9 | -58.19 | 160.96 | 76.53 | -153.05 | 160.79 | 1563.36 | -91.84 | 49.23 | 84.29 |
| Debt/Equity(x) | 0.23 | 0.44 | 0.49 | 0.65 | 0.89 | 0.79 | 0.54 | 0.44 | 0.74 | 0.71 | 0.66 |
| Current Ratio(x) | 1.92 | 1.81 | 1.65 | 1.59 | 1.45 | 1.5 | 1.56 | 1.66 | 1.51 | 1.54 | 1.97 |
| Quick Ratio(x) | 0.89 | 0.93 | 0.68 | 0.76 | 0.78 | 0.86 | 0.85 | 0.96 | 0.86 | 0.64 | 0.9 |
| Interest Cover(x) | 0.94 | 1.39 | 1.3 | 1.21 | 1.23 | 0.87 | 1.11 | 2.9 | 1.12 | 1.22 | 1.51 |
| Total Debt/Mcap(x) | 0.46 | 0.63 | 0.52 | 0.89 | 0.85 | 0.5 | 0.38 | 0.16 | 0.29 | 0.18 | 0.11 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 33.4 | 33.4 | 33.4 | 33.4 | 33.4 | 33.4 | 33.4 | 33.4 | 33.4 | 33.4 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 66.6 | 66.6 | 66.6 | 66.6 | 66.6 | 66.6 | 66.6 | 66.6 | 66.6 | 66.6 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
* The pros and cons are machine generated.
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