Linc Ltd.

•

₹ 96.371.4%

2026-08-21

lincpen.comBSE: 531241NSE: LINC

Market Cap₹ 571 Cr.

Current Price₹ 95

High / Low₹ 140 / 85

Stock P/E18.1

Book Value₹ 44

Price to Book2.59

Dividend Yield1.56 %

ROCE23.9 %

ROE17.3 %

Face Value₹ 5

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ABOUT

KEY POINTS

PROS

Company is almost debt free
Company comfortably covers its interest (18.4x coverage)
Company converts assets efficiently - asset turnover of 1.5x

CONS

Recent results are weak - TTM profit is down 16.0% versus prior year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Fast Moving Consumer GoodsFMCGPrinting & Stationery

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	DOMS	2196.75	61.33	13331.71	0.17	45.27	-23.40	670.51	19.25	27.02	12.31
2.	FLAIR	249.00	18.78	2624.34	0.40	29.08	0.45	319.25	10.64	17.29	16.71
3.	KOKUYOCMLN	80.36	53.02	806.04	0.37	7.30	-27.43	229.18	1.15	10.54	6.80
4.	LINC	96.00	18.13	571.10	1.56	6.05	-14.48	138.95	1.44	23.95	8.87
5.	KSHITIJPOL	2.89	16.02	62.41	0.00	4.69	4.45	143.47	57.59	-10.97	7.63
6.	SUNDARAM	1.30	37.13	61.60	0.00	3.18	816.22	495.98	1119.82	-2.04	2.34

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0	124	141	130	137	122	154	137	139	129	138	139
	0	110	124	116	121	108	135	124	123	116	120	131
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	0	1	3	1	0	1	2	1	2	2	3	0
Interest	0	1	1	1	1	1	1	1	1	1	1	1
Depreciation	0	4	4	4	4	4	4	4	4	4	4	4
	0	10	16	11	12	11	17	10	13	10	16	8
Tax %	—	25.49%	25.10%	24.80%	25.19%	24.58%	27.88%	25.48%	24.78%	25.98%	27.18%	25.93%
Net Profit	0	0	0	8	9	9	12	7	8	7	10	6
	0	1	2	1	1	1	2	1	1	1	2	0
Equity Capital	0	15	15	30	15	30	30	30	30	30	30	30
Reserves	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	0	15	15	30	15	30	30	30	30	30	30	30
Reserves	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Sep 2023

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: —
Net Profit: 0
: 0
Equity Capital: 0
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 0
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 124
: 110
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 4
: 10
Tax %: 25.49%
Net Profit: 0
: 1
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 141
: 124
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 1
Depreciation: 4
: 16
Tax %: 25.10%
Net Profit: 0
: 2
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 130
: 116
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 4
: 11
Tax %: 24.80%
Net Profit: 8
: 1
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 137
: 121
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 4
: 12
Tax %: 25.19%
Net Profit: 9
: 1
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 122
: 108
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 4
: 11
Tax %: 24.58%
Net Profit: 9
: 1
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 154
: 135
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 4
: 17
Tax %: 27.88%
Net Profit: 12
: 2
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 137
: 124
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 4
: 10
Tax %: 25.48%
Net Profit: 7
: 1
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 139
: 123
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 4
: 13
Tax %: 24.78%
Net Profit: 8
: 1
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 129
: 116
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 4
: 10
Tax %: 25.98%
Net Profit: 7
: 1
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 138
: 120
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 1
Depreciation: 4
: 16
Tax %: 27.18%
Net Profit: 10
: 2
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 139
: 131
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 4
: 8
Tax %: 25.93%
Net Profit: 6
: 0
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	TTM
	508	543	545
	451	479	491
Operating Profit	64	69	—
OPM %	13	13	—
Other Income	7	5	8
Interest	3	3	3
Depreciation	15	15	15
	46	51	48
Tax %	25	26	26
Net Profit	34	38	35
EPS	23	6	—
Dividend Payout %	22	23	—
Minority Interest	-0	0	0
Share of Associates	0	-0	-3
Adjusted EPS	6	6	—
Minority Interest	-0	0	0
Share of Associates	0	-0	-3
Adjusted EPS	6	6	—

Mar 2024

: 508
: 451
Operating Profit: 64
OPM %: 13
Other Income: 7
Interest: 3
Depreciation: 15
: 46
Tax %: 25
Net Profit: 34
EPS: 23
Dividend Payout %: 22
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 6

Mar 2025

: 543
: 479
Operating Profit: 69
OPM %: 13
Other Income: 5
Interest: 3
Depreciation: 15
: 51
Tax %: 26
Net Profit: 38
EPS: 6
Dividend Payout %: 23
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: 6

TTM

: 545
: 491
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 3
Depreciation: 15
: 48
Tax %: 26
Net Profit: 35
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: -3
Adjusted EPS: —
Minority Interest: 0
Share of Associates: -3
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 4%
5 Years:: 15%
3 Years:: -15%
1 Year:: -26%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
LIABILITIES	-	-
Equity Capital	15	30
	190	205
	7	6
Trade Payables	58	58
	84	75
Total Liabilities	354	373
ASSETS	-	-
	115	113
Capital Work in Progress	9	15
	0	10
	96	93
	53	54
Cash & Bank	15	31
	66	57
Total Assets	354	373
Total Debt	7	6
Net Working Capital	96	109
Contingent Liabilities	1	5
Book Value per Share	137.43	39.43
Face Value	10.00	5.00
Total Debt	7	6
Net Working Capital	96	109
Contingent Liabilities	1	5
Book Value per Share	137.43	39.43
Face Value	10.00	5.00

Mar 2024

Equity Capital: 15
: 190
: 7
Trade Payables: 58
: 84
Total Liabilities: 354
: 115
Capital Work in Progress: 9
: 0
: 96
: 53
Cash & Bank: 15
: 66
Total Assets: 354
Total Debt: 7
Net Working Capital: 96
Contingent Liabilities: 1
Book Value per Share: 137.43
Face Value: 10.00
Total Debt: 7
Net Working Capital: 96
Contingent Liabilities: 1
Book Value per Share: 137.43
Face Value: 10.00

Mar 2025

Equity Capital: 30
: 205
: 6
Trade Payables: 58
: 75
Total Liabilities: 373
: 113
Capital Work in Progress: 15
: 10
: 93
: 54
Cash & Bank: 31
: 57
Total Assets: 373
Total Debt: 6
Net Working Capital: 109
Contingent Liabilities: 5
Book Value per Share: 39.43
Face Value: 5.00
Total Debt: 6
Net Working Capital: 109
Contingent Liabilities: 5
Book Value per Share: 39.43
Face Value: 5.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
	38	57
Cash from Investing	-20	-35
Cash from Financing	-11	-11
	7	10
Free Cash Flow	38	38
OCF / Net Profit	1.11	1.50
Cumulative 5-Year FCF	0	0
OCF / Net Profit	1.11	1.50
Cumulative 5-Year FCF	0	0

Mar 2024

: 38
Cash from Investing: -20
Cash from Financing: -11
: 7
Free Cash Flow: 38
OCF / Net Profit: 1.11
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.11
Cumulative 5-Year FCF: 0

Mar 2025

: 57
Cash from Investing: -35
Cash from Financing: -11
: 10
Free Cash Flow: 38
OCF / Net Profit: 1.50
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.50
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
PER SHARE	-	-
EPS (₹)	23.00	6.40
Book Value (₹)	137.43	39.43
Dividend per Share (₹)	5.00	1.50
Cash EPS (₹)	8.30	8.90
PROFITABILITY	-	-
Operating Margin %	11.02%	11.73%
Net Margin %	6.72%	6.91%
ROE %	16.82%	17.30%
ROCE %	23.05%	23.95%
	9.73%	10.45%
EFFICIENCY	-	-
Debtor Days	38	35
Inventory Days	68	63
Payable Days	70	64
	36	34
FINANCIAL HEALTH	-	-
Debt to Equity (x)	0.03x	0.03x
Interest Coverage (x)	18.91x	18.43x
	2.22x	2.38x
GROWTH	-	-
Revenue Growth %	0.00%	7.02%
Operating Profit Growth %	0.00%	8.51%
Net Profit Growth %	0.00%	10.44%
	0.00%	-72.20%
VALUATION	-	-
P/E (x)	5.58x	16.00x
P/B (x)	3.74x	2.59x
Dividend Yield %	0.97%	1.47%
	11.87x	8.45x

Mar 2024

EPS (₹): 23.00
Book Value (₹): 137.43
Dividend per Share (₹): 5.00
Cash EPS (₹): 8.30
Operating Margin %: 11.02%
Net Margin %: 6.72%
ROE %: 16.82%
ROCE %: 23.05%
: 9.73%
Debtor Days: 38
Inventory Days: 68
Payable Days: 70
: 36
Debt to Equity (x): 0.03x
Interest Coverage (x): 18.91x
: 2.22x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 5.58x
P/B (x): 3.74x
Dividend Yield %: 0.97%
: 11.87x

Mar 2025

EPS (₹): 6.40
Book Value (₹): 39.43
Dividend per Share (₹): 1.50
Cash EPS (₹): 8.90
Operating Margin %: 11.73%
Net Margin %: 6.91%
ROE %: 17.30%
ROCE %: 23.95%
: 10.45%
Debtor Days: 35
Inventory Days: 63
Payable Days: 64
: 34
Debt to Equity (x): 0.03x
Interest Coverage (x): 18.43x
: 2.38x
Revenue Growth %: 7.02%
Operating Profit Growth %: 8.51%
Net Profit Growth %: 10.44%
: -72.20%
P/E (x): 16.00x
P/B (x): 2.59x
Dividend Yield %: 1.47%
: 8.45x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	59.50	59.43	59.43	61.02	61.02	61.02	61.02	61.02	61.02
	1.04	1.10	1.14	1.06	0.94	0.92	0.92	0.84	0.93
	0.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	39.09	39.47	39.44	37.91	38.03	38.06	38.06	38.14	38.04

Jun 2024

: 59.50
: 1.04
: 0.38
Government: 0.00
: 39.09

Sep 2024

: 59.43
: 1.10
: 0.00
Government: 0.00
: 39.47

Dec 2024

: 59.43
: 1.14
: 0.00
Government: 0.00
: 39.44

Mar 2025

: 61.02
: 1.06
: 0.00
Government: 0.00
: 37.91

Jun 2025

: 61.02
: 0.94
: 0.00
Government: 0.00
: 38.03

Sep 2025

: 61.02
: 0.92
: 0.00
Government: 0.00
: 38.06

Dec 2025

: 61.02
: 0.92
: 0.00
Government: 0.00
: 38.06

Mar 2026

: 61.02
: 0.84
: 0.00
Government: 0.00
: 38.14

Jun 2026

: 61.02
: 0.93
: 0.00
Government: 0.00
: 38.04

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Linc Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-07 - Linc Limited has informed the Exchange about Link of Recording

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
Transcript PPTREC
May 2026
Transcript PPTREC
Feb 2026
Transcript PPTREC