MoneyWorks4Me

Linc Ltd (LINC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531241 NSE: LINC Printing & Stationery | Small Cap | Linc Share Price

₹95.55 -2.62 (-2.67%)

As on 11-Sep'26 16:59

Linc Ltd (LINC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531241 NSE: LINC Printing & Stationery | Small Cap | Linc Share Price

₹95.55 -2.62 (-2.67%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹568 Cr.
Current Price
₹95.6
52-Week Low / High
₹85 / 136
TTM EPS
₹5.3
TTM Sales
₹545 Cr.
Book Value per Share
₹44.3
P/E Ratio
18.04
Lower than its 5-year historical median
Industry PE
43.5
Price to Book (P/B)
2.16
Lower than its 5-year historical median
Price to Sales (P/S)
1.04
Lower than its 5-year historical median
EV/EBITDA
8.40
Lower than its 5-year historical median
Dividend Yield
1.57%
Profitability Efficiency
Return on Equity (ROE)
14.90%
Outperforms industry median
Return on Capital Employed (ROCE)
20.86%
Outperforms industry median
Return on Assets (ROA)
9.60%
Operating Profit Margin
11%
Net Profit Margin
6.75%
Gross Profit Margin
11.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.11%
Operating Profit Growth (1 Year)
-
-7.55%
Net Profit Growth (1 Year)
-
-3.45%
Asset Quality
Promoter Holding
61.02%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹234 Cr.
Equity
₹29.7 Cr.
Face Value
₹5
All Time Low / High
₹1.25 / 220.91

Linc stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is Linc Ltd a good quality company?
Linc Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Linc Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Linc Ltd vs industry peers?
Linc Ltd revenue CAGR is 15.70%, compared to the industry median CAGR of 5.61%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Linc Ltd?
Promoters hold 61.02% of the Linc Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Linc Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Linc Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 17.3%9.8%9.4%15.7%-0.7%8%31.4%25.2%24.6%20.8%-
Value Creation
Index
0.2-0.3-0.30.1-1.1-0.41.20.80.80.5-

Growth Parameters

Sales 349331367397257355487502531532533
Sales YoY Gr.--5%10.7%8.2%-35.4%38.3%37.1%3.1%5.9%0.1%-
Adj EPS 2.91.20.82.9-0.11.165.36.35.85.8
YoY Gr.--58.3%-30.8%248.2%-104.5%NA441.4%-11.2%18%-8.7%-
BVPS (₹) 2020.420.42322.62429.834.139.343.944.8
Adj Net
Profit
17.17.14.917.2-0.86.635.831.837.534.234
Cash Flow from Ops. 9.113.233.238.447.220.443.438.456.933.3-
Debt/CF from Ops. 5.651.91.20.20.20000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.8%15.7%3%0.1%
Adj EPS 8%NA-1.5%-8.7%
BVPS9.1%14.2%13.8%11.8%
Share Price 3.2% 12.4% -17.8% -26.3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
15.664.113.3-0.64.822.416.717.213.813
Op. Profit
Mgn %
9.77.86.99.646.112.711.111.910.810.3
Net Profit
Mgn %
4.92.21.34.3-0.31.97.46.37.16.46.5
Debt to
Equity
0.40.50.50.30.100000-
Working Cap
Days
16719317916724515211813814014059
Cash Conv.
Cycle
94101877495574755525537

Valuation of Linc - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'24Mar'25Mar'26
Sales508543543
Operating Expenses + 451479484
Manufacturing Costs151415
Material Costs304328328
Employee Cost 767985
Other Costs 565755
Operating Profit 566459
Operating Profit Margin (%) 11.1%11.8%11.0%
Other Income + 758
Exceptional Items 000
Interest 333
Depreciation 151515
Profit Before Tax 465150
Tax 121313
Profit After Tax 343837
PAT Margin (%) 6.8%7.0%6.8%
Adjusted EPS (₹)5.86.45.5
Dividend Payout Ratio (%)21.70%23.50%27.30%
PARTICULARSMar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 204235258
Share Capital 153030
Reserves 190205228
Debt +766
Long Term Debt000
Short Term Debt766
Minority Interest112
Trade Payables585854
Others Liabilities 837370
Total Liabilities 354373390

Fixed Assets

Net Fixed Assets +115113107
Gross Block205218224
Accumulated Depreciation90105117
CWIP 91534
Investments 01010
Inventories9693105
Trade Receivables535450
Cash Equivalents 153120
Others Assets 665764
Total Assets 354373390
PARTICULARSMar'24Mar'25Mar'26
Cash Flow From Operating Activity + 385733
PBT 465150
Adjustment 131512
Changes in Working Capital -94-15
Tax Paid -12-13-14
Cash Flow From Investing Activity + -20-35-33
Capex -27-16-34
Net Investments 5-20-1
Others 212
Cash Flow From Financing Activity + -11-11-13
Net Proceeds from Shares 001
Net Proceeds from Borrowing 000
Interest Paid -1-1-1
Dividend Paid -7-7-9
Others -2-3-3
Net Cash Flow 710-12
PARTICULARSMar'24Mar'25Mar'26
Ratios
ROE (%)16.8217.314.9
ROCE (%)23.0523.9520.86
Asset Turnover Ratio1.451.511.44
PAT to CFO Conversion(x)1.121.50.89
Working Capital Days
Receivable Days37.7035.5034.50
Inventory Days68.506365.70
Payable Days69.8064.4062.20

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Announcements

Linc Ltd FAQs

The current trading price of Linc on 11-Sep-2026 16:59 is ₹95.55.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Linc stood at ₹568.4 Cr

The latest P/E ratio of Linc as of 10-Sep-2026 is 16.53.

The latest P/B ratio of Linc as of 10-Sep-2026 is 2.13.

The 52-week high of Linc is ₹136.0 and the 52-week low is ₹85.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Linc is ₹533 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Linc Ltd is a below average quality company.

The key valuation ratios of Linc Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Linc Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Linc Ltd

Linc Pen & Plastics Limited was incorporated on October 24, 1994 at Calcutta in West Bengal and obtained the certificate of Commencement of Business on November 7,1994.

Linc Pen and Plastics prides itself on being a leading manufacturer and exporter of quality writing instruments in India. Their sales continue to grow year after year because of the quality of their products, and the innovation of their research and development teams. Their spirit of innovation has always focused on serving consumers writing needs.

Linc has three large state-of-the-art manufacturing units in India located at two places, in Goa and in West Bengal.

Linc Pen is an ISO-9001:2000 certified unit. All the three units are well equipped with modern technologies and machineries which help in making a better work environment and thus resulting in production of quality writing instruments at competent prices. All their units operate under strict quality control standards, ensuring the superior quality of all Linc products.

In exports, in spite of the appreciation in Indian Rupee against the major currencies, Linc Pens has registered a growth of about 45% over last year.

All manufacturing units are divided into several departments like :

  • Injection moulding
  • Extrusion
  • Auto-Refilling
  • Assembling & Checking
  • Packing

Product range of the company includes:

  • Gel Pen 
  • Stationery
  • Ball Pens 
  • Retractable Ball Pens 
  • Stickball Pens
  • Designer pens 
  • Rubber grip ball point pen

Achievements/ recognition:

  • ISO 9001:2000 certified.
  • Emerging India award from ICICI Bank.
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