Fine-Line Circuits Ltd - Stock Valuation and Financial Performance

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

Fine-Line Circuits Share Price

68.98 3.00 4.55%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Fine-Line Circuits

M-Cap below 100cr DeciZen not available

Fine-Line Circuits stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
33.2 Cr.
52-wk low:
36.5
52-wk high:
93.5

Is Fine-Line Circuits Ltd an attractive stock to invest in?

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.8%1.8%-0.4%2.9%1.4%2.9%0.7%1.8%8.2%1%-
Value Creation
Index
-0.7-0.9-1.0-0.8-0.9-0.8-1.0-0.9-0.4-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 24.823.725.325.528.331.526.722.730.127.524
Sales YoY Gr.--4.6%6.8%0.9%10.9%11.4%-15.4%-15.1%32.7%-8.7%-
Adj EPS -0-0.3-0.6-0.2-0.6-0.3-0.8-0.31.3-0.50
YoY Gr.-NANANANANANANANA-141.5%-
BVPS (₹) 141414.214.314.615.115.215.517.317.717.7
Adj Net
Profit
0-0.1-0.3-0.1-0.3-0.1-0.4-0.10.6-0.30
Cash Flow from Ops. 1.20.6-0.20.210.11.72.410.1-
Debt/CF from Ops. 0.52.7-15.114.64.571.43.51.73.6121.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.1%-0.6%0.9%-8.7%
Adj EPS NANANA-141.5%
BVPS2.7%4%5.1%2.3%
Share Price 31.6% 34.1% 41.5% 54.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-0.3-2-4.3-1.1-4.3-1.7-5.4-1.77.9-3.10.1
Op. Profit
Mgn %
3.12.424.63.53.93.33.54.823.7
Net Profit
Mgn %
-0.1-0.6-1.1-0.3-1.1-0.4-1.5-0.62.1-0.90
Debt to
Equity
0.10.20.40.50.70.90.80.50.40.7-
Working Cap
Days
132131131141138139163170129153116
Cash Conv.
Cycle
5455658586841041097910237

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.74

Return on Equity has declined versus last 3 years average to 0.10%

Sales growth has been subdued in last 3 years 0.94%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -12.02%

Latest Financials - Fine-Line Circuits Ltd.

Standalone Consolidated
TTM EPS (₹) 0 -
TTM Sales (₹ Cr.) 24.2 -
BVPS (₹.) 17.7 -
Reserves (₹ Cr.) 4 -
P/BV 3.90 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 36.50 / 93.45
All Time Low / High (₹) 0.90 / 99.10
Market Cap (₹ Cr.) 33.2
Equity (₹ Cr.) 4.8
Face Value (₹) 10
Industry PE 89.1

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales24.8223.6825.2925.5228.3131.5426.7022.6630.0627.46
Operating Expenses 24.0423.1324.7824.3527.3130.3225.8221.8628.6026.92
Manufacturing Costs7.937.227.897.728.218.438.297.257.816.23
Material Costs9.808.979.429.2711.4013.629.447.9612.9512.19
Employee Cost 3.533.904.344.254.425.025.184.024.724.74
Other Costs 2.783.053.143.113.283.252.912.623.123.78
Operating Profit 0.780.550.521.170.991.220.880.801.460.54
Operating Profit Margin (%) 3.1%2.3%2.0%4.6%3.5%3.9%3.3%3.5%4.8%2.0%
Other Income 0.420.050.380.190.600.450.520.350.440.59
Interest 0.440.390.360.530.650.700.690.500.480.55
Depreciation 0.500.520.580.670.810.800.800.600.500.50
Exceptional Items 00.290.180000000
Profit Before Tax 0.26-0.020.140.160.130.16-0.090.060.920.07
Tax 0.04-0.100.050.120.040000.04-0.01
Profit After Tax 0.220.080.090.040.090.16-0.090.050.880.07
PAT Margin (%) 0.9%0.3%0.3%0.1%0.3%0.5%-0.3%0.2%2.9%0.3%
Adjusted EPS (₹)0.50.20.20.10.20.3-0.20.11.80.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6.736.766.856.897.027.267.347.488.338.52
Share Capital 4.834.834.834.834.834.834.834.834.834.83
Reserves 1.901.942.022.072.192.432.512.663.503.69
Minority Interest0000000000
Debt0.571.402.803.094.286.015.293.983.636.32
Long Term Debt01.291.561.321.531.110.58000
Short Term Debt0.570.111.241.772.754.904.713.983.636.32
Trade Payables3.903.583.312.473.533.482.202.233.012.19
Others Liabilities 0.310.601.111.581.301.351.461.141.021.32
Total Liabilities 11.5012.3414.0614.0416.1318.1016.2914.8215.9918.35

Fixed Assets

Gross Block17.7416.4716.8717.6718.0818.4918.5718.9219.5018.82
Accumulated Depreciation14.9413.3113.8913.8114.5115.2015.7316.3316.8315.99
Net Fixed Assets2.793.162.983.863.573.282.842.602.672.83
CWIP 00.010000.060.06000.12
Investments 00000.010.040.050.050.050.05
Inventories4.484.765.285.846.406.615.425.285.476.46
Trade Receivables3.282.703.663.434.164.894.483.134.764.18
Cash Equivalents 0.170.741.370.221.122.062.192.251.953.61
Others Assets0.790.980.780.690.881.151.251.521.091.09
Total Assets 11.5012.3414.0614.0416.1318.1016.2914.8215.9918.35

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.230.57-0.200.231.010.091.652.431.020.05
PBT 0.26-0.31-0.210.160.130.16-0.090.060.920.07
Adjustment 0.620.611.030.991.061.321.371.020.750.90
Changes in Working Capital 0.350.28-1.01-0.91-0.18-1.380.391.4-0.64-0.92
Tax Paid 0-0.010-0.010-0.02-0.03-0.04-0.020.01
Cash Flow From Investing Activity -0.23-0.82-0.46-1.27-0.77-0.53-0.29-0.15-0.49-2.69
Capex -0.26-0.85-0.48-1.29-0.80-0.54-0.37-0.29-0.57-2.79
Net Investments 0000-0.01-0.04-0.01000
Others 0.030.030.020.020.030.040.080.140.080.10
Cash Flow From Financing Activity -1.030.821.29-0.080.651.38-1.22-2.22-0.832.30
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 01.440.35-0.210.22-0.22-0.48-0.5800
Interest Paid -0.20-0.13-0.22-0.40-0.44-0.54-0.55-0.44-0.42-0.39
Dividend Paid 0-0.0300000000
Others -0.83-0.451.160.520.882.15-0.19-1.20-0.402.69
Net Cash Flow -0.040.570.63-1.120.900.940.130.06-0.30-0.34
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3.271.141.260.521.342.3-1.190.7211.160.85
ROCE (%)9.214.715.456.87.176.84.494.511.924.63
Asset Turnover Ratio2.051.991.921.821.881.841.551.461.951.6
PAT to CFO Conversion(x)5.597.13-2.225.7511.220.56N/A48.61.160.71
Working Capital Days
Receivable Days48464651495264614859
Inventory Days73717279797582866579
Payable Days15615213311496941101027478

Fine-Line Circuits Ltd Stock 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 28-Mar-2024 16:01 is ₹68.98.
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 28-Mar-2024 16:01 the market cap of Fine-Line Circuits stood at ₹33.16.
The latest P/E ratio of Fine-Line Circuits as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Fine-Line Circuits as of 28-Mar-2024 16:01 is 3.90.
The 52-week high of Fine-Line Circuits is ₹93.45 and the 52-week low is ₹36.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fine-Line Circuits is ₹24.24 ( 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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