Linc Ltd - Stock Valuation and Financial Performance

BSE: 531241 | NSE: LINC | Printing & Stationery | Small Cap

Linc Share Price

567.50 -3.30 -0.58%
as on 16-Apr'24 16:01

DeciZen - make an informed investing decision on Linc

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

inc stock performance -

mw4me loader
P/E Ratio (SA):
24.45
Market Cap:
855.5 Cr.
52-wk low:
463.5
52-wk high:
883.7

Is Linc Ltd an attractive stock to invest in?

1. Is Linc Ltd a good quality company?

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

2. Is Linc Ltd undervalued or overvalued?

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

3. Is Linc Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Linc Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Linc:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13%14%16%12.3%5.9%5%11.5%0.7%4.9%22.5%-
Value Creation
Index
-0.100.1-0.1-0.6-0.6-0.2-1.0-0.70.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 314318344349331367397257355487501
Sales YoY Gr.-1.3%8.1%1.3%-5%10.7%8.2%-35.4%38.3%37.1%-
Adj EPS 8.39.712.211.54.83.311.5-0.54.524.123.5
YoY Gr.-16.4%25.9%-5.1%-58.2%-31.5%249.7%-104.5%NA441.8%-
BVPS (₹) 53.259.668.48081.781.592.190.696.1119.2129.3
Adj Net
Profit
12.314.31817.17.14.917.2-0.86.635.935
Cash Flow from Ops. 11.424.89.79.113.233.238.447.220.443.4-
Debt/CF from Ops. 30.73.25.651.91.20.20.20-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5%8%7%37.1%
Adj EPS 12.6%38%27.8%441.8%
BVPS9.4%7.9%9%24.1%
Share Price 25.7% 17.6% 56.9% -7.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.517.11915.664.113.3-0.64.822.418.9
Op. Profit
Mgn %
7.47.99.19.77.86.99.646.112.711.8
Net Profit
Mgn %
3.94.55.24.92.21.34.3-0.31.97.47
Debt to
Equity
0.40.20.30.40.50.50.30.100-
Working Cap
Days
15114815016719317916724515211847
Cash Conv.
Cycle
95939194101877495574729

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.90%

Net Profit is growing at healthy rate in last 3 years 27.84%

Sales growth has been subdued in last 3 years 7.03%

Sales growth is not so good in last 4 quarters at 9.60%

Latest Financials - Linc Ltd.

Standalone Consolidated
TTM EPS (₹) 23.5 -
TTM Sales (₹ Cr.) 501 -
BVPS (₹.) 129.3 -
Reserves (₹ Cr.) 177 -
P/BV 4.45 -
PE 24.45 -
From the Market
52 Week Low / High (₹) 463.50 / 883.65
All Time Low / High (₹) 5.00 / 883.65
Market Cap (₹ Cr.) 855
Equity (₹ Cr.) 14.9
Face Value (₹) 10
Industry PE 57.4

Management X-Ray of Linc:

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

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
Sales314318344349331367397257355487
Operating Expenses 292293313315306342359246333425
Manufacturing Costs23242838323034171514
Material Costs216211219232221254249173237295
Employee Cost 17171921252836283961
Other Costs 37414725283041294156
Operating Profit 22253134262538102261
Operating Profit Margin (%) 7.0%7.9%9.1%9.6%7.8%6.9%9.6%4.0%6.1%12.6%
Other Income 0010123133
Interest 2122565311
Depreciation 5668101013131314
Exceptional Items 0000000000
Profit Before Tax 15182524121123-41150
Tax 3467564-4313
Profit After Tax 1214181785190837
PAT Margin (%) 3.7%4.5%5.3%5.0%2.4%1.4%4.8%0.0%2.3%7.7%
Adjusted EPS (₹)7.89.712.411.75.33.512.90.05.525.2
Dividend Payout Ratio (%)26%26%24%26%28%43%12%0%33%20%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 7988101118121120137135143177
Share Capital 15151515151515151515
Reserves 647386103106106122120128162
Minority Interest0000000000
Debt33183150625842830
Long Term Debt00013142019000
Short Term Debt33183137483824830
Trade Payables24212919282642384039
Others Liabilities 31314144454951444159
Total Liabilities 167159202231256254272225227276

Fixed Assets

Gross Block6872885584103116121146166
Accumulated Depreciation3541468172840536576
Net Fixed Assets33304247677576688189
CWIP 10211013311
Investments 0000000000
Inventories70647779797083636579
Trade Receivables41404840464244363439
Cash Equivalents 02000000012
Others Assets22233355646567564656
Total Assets 167159202231256254272225227276

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1125109133338472043
PBT 15182524121123-41150
Adjustment 8779121415151314
Changes in Working Capital -85-18-17-911634-1-8
Tax Paid -3-5-4-7-2-3-62-3-13
Cash Flow From Investing Activity -9-4-18-22-18-17-14-4-14-29
Capex -9-4-19-22-18-17-14-4-14-25
Net Investments 000000000-5
Others 0000000000
Cash Flow From Financing Activity -2-207135-17-25-43-6-7
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1001342-2-2200
Interest Paid -2-1-1-2-5-6-5-3-10
Dividend Paid -2-3-4-4-4-2-2-20-3
Others 3-1613610-11-16-16-6-4
Net Cash Flow 01-10000008
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.4317.1819.3615.746.564.2714.950.035.8623.37
ROCE (%)15.9618.0521.9817.349.759.4115.72-0.668.0331.4
Asset Turnover Ratio1.941.971.921.671.41.471.541.041.591.96
PAT to CFO Conversion(x)0.921.790.560.531.636.62N/A2.51.16
Working Capital Days
Receivable Days49464644464339563627
Inventory Days797674788473691036553
Payable Days44404238393950856149

Linc Ltd Stock News

Linc Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Linc on 16-Apr-2024 16:01 is ₹567.5.
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 16-Apr-2024 16:01 the market cap of Linc stood at ₹855.5.
The latest P/E ratio of Linc as of 16-Apr-2024 16:01 is 24.45.
The latest P/B ratio of Linc as of 16-Apr-2024 16:01 is 4.45.
The 52-week high of Linc is ₹883.6 and the 52-week low is ₹463.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Linc is ₹500.7 ( Cr.) .

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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