Linc

₹570 -3.5 | 0.6%

WEBSITE BSE:531241 NSE : LINC 10 May, 16:01

Market Cap ₹848 Cr.

Stock P/E 24.8

P/B 4.2

Current Price ₹570

Book Value ₹ 136.4

Face Value 10

52W High ₹883.7

Dividend Yield 0.88%

52W Low ₹ 463.5

Edit Ratio

Linc Research see more...

Overview Inc. Year: 1994Industry: Printing & Stationery

Linc Ltd, previously Linc Pen & Plastics Ltd, is engaged within the manufacture and advertising and marketing of writing instruments and stationery. The Company offers various merchandise in domestic markets, which encompass Gel Pen, Ball Pen, Stationery, Notebook, and Files and Folders. Under Files and Folders, it offers Zipper bag, Polyvinyl chloride (PVC) Mesh Zipper Bag Check, PVC Mesh Zipper Bag A4, Multi-Function Expanding File, Elastic Expanding File, Collection Pocket and Assorted Poly Zipper Bag. In international markets, it offers Stick Pen, Stationery, Packaging, Retractable Ball Pen, and POP. Under POP, the Company gives T-blouse and Cap, Chain Bag, Umbrella, Carton Tape, Poly Bag, Writing Pads, Hand Towel, Square Pen Stand, Dangler, Posters, Beat Sticker, Key Chain and Foam Banner. The Company additionally offers personalised office commercial enterprise stationery. Its manufacturing operations are carried out in manufacturing centers: Falta special economic sector (SEZ) and Serakole on the outs

Linc Share Price

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Peer Comparison

Linc Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Net Sales	55	94	95	111	98	127	125	137	112	131
Other Income	0	0	0	2	1	1	0	1	1	2
Total Income	56	94	96	112	99	128	125	138	113	133
Total Expenditure	54	86	89	105	90	111	106	118	99	119
Operating Profit	2	8	7	7	9	16	19	21	14	15
Interest	0	0	0	0	0	0	0	0	1	0
Depreciation	3	3	3	3	3	4	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-2	5	4	4	6	13	15	17	10	10
Provision for Tax	-0	1	1	1	2	3	4	4	3	3
Profit After Tax	-1	4	3	3	4	10	11	12	7	8
Adjustments	0	0	0	0	-0	0	0	0	0	0
Profit After Adjustments	-1	4	3	3	4	10	11	12	7	8
Adjusted Earnings Per Share	-0.8	2.4	1.9	2	2.9	6.4	7.5	8.3	5	5.2

Linc Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	305	314	318	344	349	331	367	397	257	355	487	505
Other Income	0	0	0	1	0	1	2	3	1	3	3	4
Total Income	306	314	319	345	349	333	369	400	258	358	490	509
Total Expenditure	292	292	293	313	315	306	342	359	246	333	425	442
Operating Profit	14	22	26	32	34	27	28	41	12	24	65	69
Interest	2	2	1	2	2	5	6	5	3	1	1	1
Depreciation	4	5	6	6	8	10	10	13	13	13	14	16
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	7	15	18	25	24	12	11	23	-4	11	50	52
Provision for Tax	2	3	4	6	7	5	6	4	-4	3	13	14
Profit After Tax	5	12	14	18	17	8	5	19	0	8	37	38
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	5	12	14	18	17	8	5	19	0	8	37	38
Adjusted Earnings Per Share	3.7	7.8	9.7	12.4	11.7	5.3	3.5	12.9	0	5.5	25.1	26

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	37%	7%	8%	5%
Operating Profit CAGR	171%	17%	19%	17%
PAT CAGR	363%	25%	36%	22%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-8%	56%	22%	26%
ROE Average	23%	10%	10%	12%
ROCE Average	31%	13%	13%	14%

Linc Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	71	79	88	101	118	121	121	137	135	143	177
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	1	0	0	0	13	14	20	19	0	0	0
Other Non-Current Liabilities	13	14	14	20	28	26	30	36	32	31	31
Total Current Liabilities	73	74	57	80	73	96	84	81	59	53	67
Total Liabilities	158	167	159	202	231	256	254	272	225	227	276
Fixed Assets	29	33	30	42	47	67	75	76	68	81	89
Other Non-Current Assets	13	16	18	26	53	39	38	47	44	32	34
Total Current Assets	116	118	110	133	132	150	140	150	114	114	153
Total Assets	158	167	159	202	231	256	254	272	225	227	276

Linc Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	0	2	0	0	0	0	0	0	0
Cash Flow from Operating Activities	1	11	25	10	9	13	33	38	47	20	43
Cash Flow from Investing Activities	-5	-9	-4	-18	-22	-18	-17	-14	-4	-14	-29
Cash Flow from Financing Activities	5	-2	-20	7	13	5	-17	-25	-43	-6	-7
Net Cash Inflow / Outflow	0	-0	1	-1	-0	0	-0	0	0	-0	8
Closing Cash & Cash Equivalent	0	0	2	0	0	0	0	0	0	0	8

Linc Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.66	7.78	9.69	12.39	11.68	5.3	3.48	12.94	0.03	5.47	25.15
CEPS(Rs)	6.68	11.2	13.65	16.42	17.04	11.8	10.56	21.38	8.56	14.09	34.64
DPS(Rs)	1.5	2	2.5	3	3	1.5	1.5	1.5	0	1.8	5
Book NAV/Share(Rs)	47.73	53.18	59.61	68.39	80	81.68	81.48	92.1	90.58	96.05	119.16
Core EBITDA Margin(%)	4.43	6.99	7.89	9.07	9.27	7.54	6.8	9.45	3.93	5.99	12.46
EBIT Margin(%)	3.1	5.41	6.15	7.56	7.2	5.07	4.65	7.09	-0.41	3.22	10.3
Pre Tax Margin(%)	2.29	4.66	5.69	7.12	6.6	3.65	2.96	5.74	-1.47	3.02	10.17
PAT Margin (%)	1.76	3.64	4.47	5.29	4.76	2.29	1.38	4.75	0.02	2.26	7.6
Cash Profit Margin (%)	3.22	5.24	6.3	7.02	6.95	5.1	4.18	7.85	4.92	5.83	10.46
ROA(%)	3.63	7.08	8.79	10.16	7.97	3.22	2.02	7.32	0.02	3.59	14.87
ROE(%)	9.16	15.43	17.18	19.36	15.74	6.56	4.27	14.95	0.03	5.86	23.37
ROCE(%)	9.89	15.96	18.05	21.98	17.34	9.75	9.41	15.72	-0.66	8.03	31.4
Receivable days	46.1	49.47	46.42	46.32	44.11	45.81	43.08	38.71	56.06	35.57	26.98
Inventory Days	76.73	78.73	76.3	74.34	78.41	84.06	72.93	69.2	102.84	64.63	53.22
Payable days	45.47	43.86	39.84	42	37.99	39.19	38.84	49.82	84.93	60.5	49.31
PER(x)	10.13	7.21	15.05	15.25	24.94	77.87	55.63	10.28	5560.61	51.67	21.19
Price/Book(x)	0.78	1.06	2.45	2.76	3.64	5.06	2.38	1.44	1.62	2.94	4.47
Dividend Yield(%)	4.04	3.56	1.71	1.59	1.03	0.36	0.77	1.13	0	0.64	0.94
EV/Net Sales(x)	0.28	0.37	0.73	0.9	1.38	2.04	0.95	0.61	0.88	1.19	1.6
EV/Core EBITDA(x)	6.15	5.25	9.07	9.65	14.13	25.1	12.51	5.9	19.45	17.33	12.03
Net Sales Growth(%)	10.98	2.9	1.34	8.12	1.34	-4.98	10.73	8.19	-35.35	38.3	37.13
EBIT Growth(%)	59.41	79.63	15.15	32.87	-0.21	-33.63	0.2	65.41	-103.71	1186.01	337.83
PAT Growth(%)	219.2	112.56	24.46	27.9	-5.77	-54.58	-34.36	273.94	-99.8	0	359.81
EPS Growth(%)	176.03	112.56	24.46	27.9	-5.77	-54.58	-34.36	271.77	-99.8	0	359.81
Debt/Equity(x)	0.45	0.43	0.2	0.31	0.43	0.54	0.52	0.33	0.06	0.02	0
Current Ratio(x)	1.58	1.59	1.94	1.66	1.81	1.57	1.68	1.85	1.92	2.14	2.26
Quick Ratio(x)	0.68	0.64	0.82	0.7	0.73	0.74	0.84	0.82	0.86	0.92	1.09
Interest Cover(x)	3.83	7.21	13.27	17.1	12.05	3.57	2.76	5.26	-0.39	15.81	79.78
Total Debt/Mcap(x)	0.57	0.4	0.08	0.11	0.12	0.11	0.22	0.23	0.04	0.01	0

Linc Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	59.02	58.7	58.7	58.7	58.83	59.25	59.28	59.28	59.44	59.46
FII	0.03	0.06	0.06	0.07	0.14	0.25	0.94	1.43	1.42	1.27
DII	0	0	0	0	0	0.03	0	0.38	0.38	0.38
Public	40.95	41.24	41.24	41.23	41.03	40.47	39.78	38.91	38.77	38.89
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.88	0.87	0.87	0.87	0.87	0.88	0.88	0.88	0.88	0.88
FII	0	0	0	0	0	0	0.01	0.02	0.02	0.02
DII	0	0	0	0	0	0	0	0.01	0.01	0.01
Public	0.61	0.61	0.61	0.61	0.61	0.6	0.59	0.58	0.58	0.58
Others	0	0	0	0	0	0	0	0	0	0
Total	1.49	1.49	1.49	1.49	1.49	1.49	1.49	1.49	1.49	1.49

Pros

Company has delivered good profit growth of 35% CAGR over last 5 years
Debtor days have improved from 60.5 to 49.31days.
Company is almost debt free.

Cons

Company has a low return on equity of 10% over the last 3 years.
Stock is trading at 4.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Linc News

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Linc

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Linc Research see more...

Overview Inc. Year: 1994Industry: Printing & Stationery

Linc Share Price

Alert Data

Quarterly Price

Peer Comparison

Linc Quarterly Results

Linc Profit & Loss

Growth Rates

Linc Balance Sheet

Linc Cash Flow

Linc Ratios

Linc Shareholding Pattern

Linc News

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