Linaks Microelectronics Ltd - Stock Valuation and Financial Performance

BSE: 517463 | NSE: | Electronics - Components | Small Cap

Linaks Microelectron Share Price

1.07 0.00 0.00%
as on 19-Mar'24 16:59

DeciZen - make an informed investing decision on Linaks Microelectron

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inaks Microelectronics stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
1.9 Cr.
52-wk low:
1.1
52-wk high:
1.3

Is Linaks Microelectronics Ltd an attractive stock to invest in?

1. Is Linaks Microelectronics Ltd a good quality company?

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

2. Is Linaks Microelectronics Ltd undervalued or overvalued?

The key valuation ratios of Linaks Microelectronics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Linaks Microelectronics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Linaks Microelectronics 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 Linaks Microelectron:

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.
Linaks Microelectronics 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 % 0.5%8.5%9.7%3.3%3.4%4.3%3.6%1.9%3.7%1.1%-
Value Creation
Index
NANANANANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0000.61.60.70.40.2000
Sales YoY Gr.-NA300%1,325%184.2%-59.3%-40.9%-59%-75%-50%-
Adj EPS -0.1-0.7-0.9-0.3-0.4-0.5-0.4-0.2-0.4-0.1-0.1
YoY Gr.-NANANANANANANANANA-
BVPS (₹) -19.1-11-11.5-11.8-12.1-12.6-13-13.2-13.7-13.8-13.9
Adj Net
Profit
-0.1-1.3-1.6-0.6-0.6-0.8-0.7-0.4-0.8-0.20
Cash Flow from Ops. 1.5-0.20.5-0.8-0.6-0.3-0.4-0.400-
Debt/CF from Ops. 0.3-0.20-0.2-0.5-1.1-0.9000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA-58.5%-62.9%-50%
Adj EPS NANANANA
BVPSNANANANA
Share Price 9.5% 9.5% 13.6% -6.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.58.69.73.43.54.43.71.93.71.10.4
Op. Profit
Mgn %
0-9212.3-3833.3-76-27.9-99.1-141.4-180-2074.4-1359.2NAN
Net Profit
Mgn %
0-12921.8-3560.6-100.6-37.9-121.7-178.5-234.4-1924.1-1502.6-INF
Debt to
Equity
-000-0-0-0-0000-
Working Cap
Days
046,7027,4994672264875399823,6338,5520
Cash Conv.
Cycle
038,1896,0762581353643847292,9697,1290

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 0.40%

Sales growth has been subdued in last 3 years -62.85%

Sales growth is not so good in last 4 quarters at -50.00%

Latest Financials - Linaks Microelectronics Ltd.

Standalone Consolidated
TTM EPS (₹) -0.1 -
TTM Sales (₹ Cr.) 0 -
BVPS (₹.) -13.9 -
Reserves (₹ Cr.) -26 -
P/BV -0.08 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 1.07 / 1.28
All Time Low / High (₹) 0.20 / 49.00
Market Cap (₹ Cr.) 1.9
Equity (₹ Cr.) 1.7
Face Value (₹) 1
Industry PE 88.6

Management X-Ray of Linaks Microelectron:

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 Linaks Microelectron

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
Sales00.010.040.571.620.660.390.160.040.02
Operating Expenses 0.060.911.7512.071.310.940.450.950.23
Manufacturing Costs000.040.120.270.120.090.070.010.01
Material Costs000.650.350.880.380.240.140.010.02
Employee Cost 00.010.180.190.270.240.190.060.060.07
Other Costs 0.060.890.870.350.660.570.420.180.860.13
Operating Profit -0.06-0.90-1.70-0.43-0.45-0.65-0.55-0.30-0.91-0.21
Operating Profit Margin (%) --9,212.3%-3,833.3%-76.0%-27.9%-99.1%-141.0%-189.0%-2,334.5%-1,359.2%
Other Income 00.220.140.080.050.040.040.050.230.11
Interest 00.0400.020.030.030.03000
Depreciation 00.550.310.200.220.160.150.130.140.14
Exceptional Items 000.9900.1300000
Profit Before Tax -0.07-1.26-0.89-0.57-0.52-0.80-0.69-0.38-0.82-0.24
Tax 0000000000
Profit After Tax -0.07-1.26-0.89-0.57-0.52-0.80-0.69-0.38-0.82-0.24
PAT Margin (%) --12,921.8%-1,995.5%-100.0%-32.2%-121.0%-177.0%-241.0%-2,106.1%-1,502.5%
Adjusted EPS (₹)0.0-0.7-0.5-0.3-0.3-0.5-0.4-0.2-0.5-0.1
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 -13.31-15.85-16.73-17.31-17.83-18.63-19.32-19.69-20.52-20.75
Share Capital 4.954.954.954.954.954.954.954.954.954.95
Reserves -18.26-20.80-21.69-22.26-22.78-23.58-24.27-24.65-25.47-25.70
Minority Interest0000000000
Debt0.210.0500.160.300.290.32000
Long Term Debt0000000000
Short Term Debt0.210.0500.160.300.290.32000
Trade Payables000.270.300.140.110.060.040.060.06
Others Liabilities 19.8922.8223.0623.5623.5823.6724.012423.9723.99
Total Liabilities 6.797.036.606.726.185.455.084.353.523.29

Fixed Assets

Gross Block17.3817.3821.2121.6221.6621.6821.5221.3519.0718.92
Accumulated Depreciation13.4516.1316.7116.9217.1317.2917.3317.3715.9715.96
Net Fixed Assets3.931.244.504.714.534.394.193.983.102.97
CWIP 1.342.880.130000000
Investments 0000000000
Inventories0.840.880.440.470.460.330.260.240.270.25
Trade Receivables0.160.160.010.210.450.220.110.060.080.01
Cash Equivalents 0.331.611.451.080.580.390.420.010.010.01
Others Assets0.190.260.080.250.160.130.110.070.060.06
Total Assets 6.797.036.606.726.185.455.084.353.523.29

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.77-0.240.48-0.75-0.59-0.27-0.35-0.40-0.030
PBT -0.07-1.26-2.02-0.64-0.68-0.81-0.69-0.43-0.82-0.24
Adjustment 01.320.580.190.200.130.120.140.820.14
Changes in Working Capital 0.83-0.30.79-0.38-0.290.370.19-0.17-0.030.1
Tax Paid 0000000000
Cash Flow From Investing Activity -0.46-1.44-1.09-0.28-0.04-0.010.040.070.030
Capex -0.46-1.44-1.09-0.28-0.04-0.010.040.070.030
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity 02.960.450.670.130.090.34-0.0800
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 02.960.450.670.130.090.34-0.0800
Net Cash Flow 0.311.27-0.16-0.36-0.51-0.190.03-0.4100
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio000.010.090.250.110.070.030.010
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days05,94867769751871521916611,152
Inventory Days005,4402931052202765842,3906,072
Payable Days0075299911231351321,2991,362

Linaks Microelectronics Ltd Stock News

Linaks Microelectronics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Linaks Microelectron on 19-Mar-2024 16:59 is ₹1.07.
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 19-Mar-2024 16:59 the market cap of Linaks Microelectron stood at ₹1.85.
The latest P/E ratio of Linaks Microelectron as of 19-Mar-2024 16:59 is 0.00.
The latest P/B ratio of Linaks Microelectron as of 19-Mar-2024 16:59 is -0.08.
The 52-week high of Linaks Microelectron is ₹1.28 and the 52-week low is ₹1.07.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Linaks Microelectron is ₹0.00 ( Cr.) .

About Linaks Microelectronics Ltd

Linaks Microelectronics was established in 1986 by a group of professionals led by A K Singh, a graduate of IIT, Kanpur and IIM, Ahmedabad with an initial investment of Rs 1.68 crore. The company commenced commercial production of professional grade single side and double side Printed Circuit Boards (PCB) in 1987 end. The installed capacity in the beginning was very small i.e. 5000 sq. m. of double side PTH PCBs per annum.

Through aggressive and quality service, Linaks was able to establish itself as a leading manufacturer of double side PTH PCBs in India and was soon in qualified vendor list of all the major Indian OEMs like, ITI Ltd., C-DOT licencees, Bharat Electronics Ltd., Avery India Ltd., Allen Bradley India Ltd., Alcatel India Ltd., etc.

In keeping with the growth in business, the management went in for capacity enhancement and technology upgradation in 1989 with an investment of Rs. 1.27 crores ($273,000.00). Linaks became the sixth largest shop in India and a leading player in the PCB market.

The management team's philosophy of constant improvement saw a lot of investment in training of operators and engineers in new process and technologies abroad in PCB shops and factories based in Italy, UK, Switzerland, etc. All this saw further investment of Rs 1 crore ($250,000.00) in 1992 which doubled the capacity to 10,000 sq. m. and enhanced the capacity in the area of micro drilling. It enabled Linaks to retain its pre-eminent position in the market.

In 1994 Linaks had started exporting approx 20% of its production to European OEM agents and PCB shops. It had become very clear by 1994 that to survive the competition from abroad Linaks had to upgrade its technology and increase its capacity. So in 1994-95, Linaks went in for a public issue and became a public company, as the management floated 25% of its shares.

The company embarked on a major expansion with an investment of Rs 15 crore ($3.5 million) in 1995-96 which envisaged trebling of DSPTH capacity by 1997 and start up of 12000 sq. m., four and six layer Multilayer facility by 1999, which has been implemented and Linaks already has the approval of the Indian telecom and some select international customers.

In 2004-05, Linaks targeted a turnover of Rs 12 crore ($ 2.5 million) and in 2005-06, Linaks hoped to be doing a turnover of around Rs 25 crore ($5 million). The company is at the same time working towards introduction of new technologies like direct metallisation, alternative to tin lead finish, copper recovery system, etc.

Product range of the company includes:

Manufacturers and exporters of professional grade single side and double side PCB. The company is one of the leading PCB manufacturer in India.

Clientele:

  • ITI Limited
  • BARCO
  • Elymer Limited
  • HTL Limited
  • NCAB
  • C-DOT licencees
  • Bharat Electronics Limited
  • GDM electronics
  • Deutronics Gmbh
  • Teletask Bvba
  • Semi Conductor Complex Ltd.

Achievements/ recognition:-

  • ISO 9002
  • IECQ's Product approval for DSPTH PCB
  • UL 94 VO rating for DSPTH PCBs.
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