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Linc Ltd (LINC)

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

₹115.22 -2.86 (-2.42%)

As on 25-Jun'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

₹115.22 -2.86 (-2.42%)

As on 25-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹685 Cr.
Current Price
₹115.2
52-Week Low / High
₹85 / 159
TTM EPS
₹6.2
TTM Sales
₹532 Cr.
Book Value per Share
₹43.9
P/E Ratio
18.72
Lower than its 5-year historical median
Industry PE
44.7
Price to Book (P/B)
2.62
Lower than its 5-year historical median
Price to Sales (P/S)
1.29
Lower than its 5-year historical median
EV/EBITDA
10.08
Lower than its 5-year historical median
Dividend Yield
1.3%
Profitability Efficiency
Return on Equity (ROE)
17.71%
Outperforms industry median
Return on Capital Employed (ROCE)
24.57%
Outperforms industry median
Return on Assets (ROA)
10.90%
Operating Profit Margin
11.9%
Net Profit Margin
7.27%
Gross Profit Margin
12.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.9%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.31%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.34%
Asset Quality
Promoter Holding
61.02%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹231 Cr.
Equity
₹29.7 Cr.
Face Value
₹5
All Time Low / High
₹1.25 / 220.91

Linc stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Strong
Q.1 Is Linc Ltd a good quality company?
Linc Ltd is a average quality company, based on a somewhat consistent 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 6.01%, compared to the industry median CAGR of 3.76%, 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 7.9% 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 22%17.3%9.8%9.4%15.7%-0.7%8%31.4%25.2%24.6%-
Value Creation
Index
0.60.2-0.3-0.30.1-1.1-0.41.20.80.8-

Growth Parameters

Sales 344349331367397257355487502531532
Sales YoY Gr.-1.3%-5%10.7%8.2%-35.4%38.3%37.1%3.1%5.9%-
Adj EPS 32.91.20.82.9-0.11.165.36.36.2
YoY Gr.--5.3%-58.3%-30.8%248.2%-104.5%NA441.4%-11.2%18%-
BVPS (₹) 17.12020.420.42322.62429.834.139.343.9
Adj Net
Profit
1817.17.14.917.2-0.86.635.831.837.537
Cash Flow from Ops. 9.79.113.233.238.447.220.443.438.456.9-
Debt/CF from Ops. 3.25.651.91.20.20.2000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5%6%14.4%5.9%
Adj EPS 8.4%16.9%78.4%18%
BVPS9.7%11.3%17.8%15.3%
Share Price 6.5% 18.9% -14.2% -21.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1915.664.113.3-0.64.822.416.717.214.8
Op. Profit
Mgn %
9.19.77.86.99.646.112.711.111.910.8
Net Profit
Mgn %
5.24.92.21.34.3-0.31.97.46.37.16.9
Debt to
Equity
0.30.40.50.50.30.100000
Working Cap
Days
15016719317916724515211813814059
Cash Conv.
Cycle
91941018774955747555237

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales344349331367397257355487502531
Operating Expenses + 313315306342359246333425446468
Manufacturing Costs28383230341715141514
Material Costs219232221254249173237295301323
Employee Cost 19212528362839617576
Other Costs 47252830412941565555
Operating Profit 31342625381022615663
Operating Profit Margin (%) 9.1%9.6%7.8%6.9%9.6%4.0%6.1%12.6%11.1%11.9%
Other Income + 1012313375
Exceptional Items 0000000000
Interest 2256531122
Depreciation 681010131313141515
Profit Before Tax 2524121123-411504652
Tax 67564-43131213
Profit After Tax 1817851908373439
PAT Margin (%) 5.3%5.0%2.4%1.4%4.9%0.0%2.3%7.7%6.8%7.3%
Adjusted EPS (₹)3.12.91.30.93.20.01.46.35.76.5
Dividend Payout Ratio (%)24.20%25.70%28.30%43.10%11.60%0%32.90%19.90%21.80%23.10%

Valuation of Linc - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 101118121120137135143177203234
Share Capital 15151515151515151530
Reserves 86103106106122120128162188204
Debt +315062584283000
Long Term Debt01314201900000
Short Term Debt313748382483000
Minority Interest0000000000
Trade Payables29192826423840395657
Others Liabilities 41444549514441598575
Total Liabilities 202231256254272225227276344366

Fixed Assets

Net Fixed Assets +4247677576688189111110
Gross Block885584103116121146166201214
Accumulated Depreciation46817284053657690104
CWIP 211013311915
Investments 00000000010
Inventories77797970836365799190
Trade Receivables48404642443634395152
Cash Equivalents 0000000121331
Others Assets 33556465675646566859
Total Assets 202231256254272225227276344366

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1091333384720433857
PBT 2524121123-411504652
Adjustment 791214151513141313
Changes in Working Capital -18-17-911634-1-8-86
Tax Paid -4-7-2-3-62-3-13-12-13
Cash Flow From Investing Activity + -18-22-18-17-14-4-14-29-23-35
Capex -19-22-18-17-14-4-14-25-27-16
Net Investments 0000000-55-6
Others 00000000-1-13
Cash Flow From Financing Activity + 7135-17-25-43-6-7-10-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 01342-2-220000
Interest Paid -1-2-5-6-5-3-1-0-1-0
Dividend Paid -4-4-4-2-2-20-3-7-7
Others 13610-11-16-16-6-4-2-2
Net Cash Flow -1-00-000-08512

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)19.3615.746.564.2714.950.035.8623.3717.9517.71
ROCE (%)21.9817.349.759.4115.72-0.668.0331.425.1624.57
Asset Turnover Ratio1.921.671.41.471.541.041.591.961.631.51
PAT to CFO Conversion(x)0.560.531.636.62N/A2.51.161.121.46
Working Capital Days
Receivable Days46.3044.1045.8043.1038.7056.1035.602732.5035
Inventory Days74.3078.4084.1072.9069.20102.8064.6053.2061.3061.50
Payable Days423839.2038.8049.8084.9060.5049.3057.6063.60

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Linc Ltd FAQs

The current trading price of Linc on 25-Jun-2026 16:59 is ₹115.2.

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 24-Jun-2026 the market cap of Linc stood at ₹685.4 Cr

The latest P/E ratio of Linc as of 24-Jun-2026 is 18.72.

The latest P/B ratio of Linc as of 24-Jun-2026 is 2.62.

The 52-week high of Linc is ₹158.9 and the 52-week low is ₹85.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Linc is ₹532 ( Cr.) .

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

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

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Linc Ltd is likely to Rise 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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