Fine-Line Circuits Ltd Stock Analysis

BSE: 517264 | NSE: | Electronics - Components | Small Cap

BSE Share Price 09-Dec-2022 11:27
61.20 -2.55 (-4.00%)

DeciZen - Make an Informed Decision on Fine-Line Circuits

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Fine-Line Circuits Price Chart

P/E Ratio (SA) :
55.42
Market Cap :
30.7 Cr.
52-wk low :
28.7
52-wk high :
99.1
Bole Toh?

1. Is Fine-Line Circuits Ltd a good quality company?

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

2. Is Fine-Line Circuits Ltd undervalued or overvalued?

The key valuation ratios of Fine-Line Circuits Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Fine-Line Circuits Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Fine-Line Circuits Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Fine-Line Circuits:

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.
Fine-Line Circuits Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 2.7%3.8%1.8%-0.4%2.9%1.4%2.9%0.7%1.8%8.2%-
Value Creation Index -0.8-0.7-0.9-1.0-0.8-0.9-0.8-1.0-0.9-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2524.823.725.325.528.331.526.722.730.129
YoY Gr. Rt. %--0.7%-4.6%6.8%0.9%10.9%11.4%-15.4%-15.1%32.7%-
Adj EPS -0.2-0-0.3-0.6-0.2-0.6-0.3-0.8-0.31.31.2
YoY Gr. Rt. %-NANANANANANANANANA-
BVPS (₹) 13.5141414.214.314.615.115.215.517.317.4
Adj Net Profit -0.10-0.1-0.3-0.1-0.3-0.1-0.4-0.10.61
Cash Flow from Ops. -11.20.6-0.20.210.11.72.41-
Debt/CF from Ops. -1.40.52.7-15.114.64.571.43.51.73.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.1%3.3%-1.6%32.7%
Adj EPS NANANANA
BVPS 2.83.94.711.3
Share Price 20.1% 34.3% 41.7% 109.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -1.4-0.3-2-4.3-1.1-4.3-1.7-5.4-1.77.96.6
Op. Profit Mgn % 3.23.12.424.63.53.93.33.54.84.8
Net Profit Mgn % -0.4-0.1-0.6-1.1-0.3-1.1-0.4-1.5-0.62.11.9
Debt to Equity 0.20.10.20.40.50.70.90.80.50.40
Working Cap Days 125132131131141138139163170129180
Cash Conv. Cycle 545455658586841041097962

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.60%

Debt to equity has declined versus last 3 years average to 0.44

Sales growth is good in last 4 quarters at 15.31%

Sales growth has been subdued in last 3 years -1.59%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Fine-Line Circuits Ltd.

Standalone Consolidated
TTM EPS (₹) 1.2 -
TTM Sales (₹ Cr.) 29.4 -
BVPS (₹.) 17.4 -
Reserves (₹ Cr.) 4 -
P/BV 3.66 -
PE 55.42 -
From the Market
52 Week Low / High (₹) 28.70 / 99.10
All Time Low / High (₹) 0.90 / 99.10
Market Cap (₹ Cr.) 30.7
Equity (₹ Cr.) 4.8
Face Value (₹) 10
Industry PE 59.3

Management X-Ray of Fine-Line Circuits :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Fine-Line Circuits

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Fine-Line Circuits Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Fine-Line Circuits on 09-Dec-2022 11:27 is : 61.20.
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 09-Dec-2022 11:27 the market cap of Fine-Line Circuits stood at ₹ 30.65.
The latest PE ratio of Fine-Line Circuits as of 09-Dec-2022 11:27 is 55.42.
The latest PB ratio of Fine-Line Circuits as of 09-Dec-2022 11:27 is 3.66
The 52-week high of Fine-Line Circuits is ₹ 99.10 and the 52-week low is ₹ 28.70.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Fine-Line Circuits is ₹ 29.40 ( Cr.) .

About Fine-Line Circuits Ltd

Fine-Line Circuits Ltd (FLCL) being a 100 % export oriented unit (EOU) has been continually maintaining its capabilities to cover standard design & complexities. Given the forthcoming lead free environment, FLCL offers a variety of lead free finishes.

The company's principal activity is to manufacture electronic components. It manufactures printed circuit boards, like, rigid glass epoxy multi layer and double side, rigid CEM, rigid flex, backplane, impedance controlled, metallic heatsink and bind and buries via printed circuit boards.

Fine-Line Circuits commits itself to manufacture and deliver defect-free PCBs to manufacturing industries by continually upgrading the services, process capability, product range, and with a constant customer focus shall achieve customer satisfaction.

Product range of the company includes:

  • Multi Layer PCBs Complex Highcount MLBs with fine pitch SMDs on both sides. High Copper Board -- The typical high copper thickness achievable is at 210 microns. Upon request & with very special process & material they can go upto 350 micron with varying copper thickness for each layer. 
  • Impedance Controlled PCBs Impedance controlled multilayer boards for high frequency and high speed applications. 
  • Backplane PCBs This type of special purpose board requires very dense package of plated through holes which are structurally strong and ductile to guarantee high speed and stable electronic signal flow.  
  • Single & Double Sided PCBs Most common PCBs for consumer and industrial electronics devices. Large volume single-sided which can be CEM or FR4 pierced and blanked with hard tools & double sided PTH Routed/Scored. 

Product quality of the company confirms to

  • IPC A 600 Rev. F 
  • PERFAG 2E 
  • PERFAG 3C
  • IPC RB 276 
  • MIL P 55110D 

Awards & Achievements

An ISO 9001-2000 certified company

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