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Fine-Line Circuits Ltd. Stock Analysis

Small Cap
Evaluated by 75 users | BSE: 517264 | NSE: |
Electronics - Components
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 2.53%-23.16%2.74%3.79%1.76%-0.43%2.94%1.39%2.92%0.67%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 24.122.12524.823.725.325.528.331.526.7
Y-o-Y Gr. Rt.--7.9%12.9%-0.7%-4.6%6.8%0.9%10.9%11.4%-15.4%
Adjusted EPS (Rs.) 0.2-4.13-0.19-0.04-0.28-0.6-0.15-0.63-0.25-0.82
Y-o-Y Gr. Rt.--2165%NANANANANANANANA
Book Value per Share (Rs.) 19.1413.3413.5113.9514.0214.214.314.5615.0615.23
Adjusted Net Profit 0.1-2-0.10-0.1-0.3-0.1-0.3-0.1-0.4
Net Op. Cash Flow (Rs. Cr.) 11.4-11.20.6-0.20.210.11.7
Debt to Cash Flow from Ops 00-1.430.462.73-15.0914.574.4971.373.53
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Fine-Line Circuits Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.2%2.4%1.5%-15.4%
Adjusted EPS -217%NANANA
Book Value per Share -2.51.72.11.1
Share Price 17.9% 23.5% 23.2% 30.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 1.05-25.34-1.4-0.31-2.03-4.26-1.07-4.34-1.68-5.38
Operating Profit Margin (%) 2.23-2.393.243.142.352.044.633.533.863.31
Net Profit Margin (%) 0.4-8.96-0.36-0.08-0.58-1.14-0.29-1.07-0.38-1.47
Debt to Equity 000.210.080.230.440.490.650.890.79
Working Capital Days 127135125132131131141138139163
Cash Conversion Cycle 717254545565858684104
Entity Percentage Holding
Promoters 34.32%
Non-Institutions 65.68%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Fine-Line Circuits Ltd.'s performance infers:

Fine-Line Circuits Ltd. earnings have grown by 0%, whereas share price has appreciated 23.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Fine-Line Circuits Ltd. share prices over the last 10 years. Here is what we found out:

Fine-Line Circuits Ltd. share price has appreciated 6.7% annually over the past ten years.

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

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

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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