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/E0.0
Book Value₹ 45
Price to Book2.60
Dividend Yield1.56 %
ROCE24.6 %
ROE17.7 %
Face Value₹ 5

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ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 27.0%
  • Operating margins have improved to 11.8% from 6.8%
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.26x)
  • Company generates healthy free cash flow
  • Attractively priced for its growth - PEG of 0.2

CONS

  • Recent results are weak - TTM profit is down 12.4% versus prior year
  • Company has delivered a poor sales growth of 6.0% over past five years

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

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.DOMS2196.7561.3313331.710.1745.27-23.40670.5119.2527.0212.31
2.FLAIR249.0018.782624.340.4029.080.45319.2510.6417.2916.71
3.KOKUYOCMLN80.3653.02806.040.377.30-27.43229.181.1510.546.80
4.LINC96.0018.13571.101.566.05-14.48138.951.4423.958.87
5.KSHITIJPOL2.8916.0262.410.004.694.45143.4757.59-10.977.63
6.SUNDARAM1.3037.1361.600.003.18816.22495.981119.82-2.042.34
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023
112
99
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
4
10
Tax %
26.47%
Net Profit
7
5
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
131
119
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
4
10
Tax %
24.95%
Net Profit
8
5
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
120
107
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
4
10
Tax %
25.35%
Net Profit
8
1
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
138
122
Operating Profit
OPM %
Other Income
3
Interest
0
Depreciation
4
15
Tax %
25.08%
Net Profit
11
2
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
128
114
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
4
11
Tax %
25.67%
Net Profit
8
1
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
135
119
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
4
12
Tax %
25.66%
Net Profit
9
1
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
15
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
118
104
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
4
12
Tax %
25.19%
Net Profit
9
1
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
151
132
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
4
17
Tax %
25.43%
Net Profit
13
2
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
134
122
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
4
10
Tax %
25.58%
Net Profit
7
1
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
136
120
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
4
13
Tax %
24.68%
Net Profit
10
2
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
125
113
Operating Profit
OPM %
Other Income
2
Interest
1
Depreciation
4
10
Tax %
26.79%
Net Profit
7
1
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
137
120
Operating Profit
OPM %
Other Income
3
Interest
1
Depreciation
4
16
Tax %
25.97%
Net Profit
12
2
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
136
129
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
4
7
Tax %
25.34%
Net Profit
5
0
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
30
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016
344
313
Operating Profit
32
OPM %
9
Other Income
1
Interest
2
Depreciation
6
25
Tax %
26
Net Profit
18
EPS
0
Dividend Payout %
24
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2017
349
315
Operating Profit
34
OPM %
10
Other Income
0
Interest
2
Depreciation
8
24
Tax %
28
Net Profit
17
EPS
0
Dividend Payout %
26
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2018
331
306
Operating Profit
27
OPM %
8
Other Income
1
Interest
5
Depreciation
10
12
Tax %
37
Net Profit
8
EPS
0
Dividend Payout %
28
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2019
367
342
Operating Profit
28
OPM %
8
Other Income
2
Interest
6
Depreciation
10
11
Tax %
54
Net Profit
5
EPS
0
Dividend Payout %
43
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2020
397
359
Operating Profit
41
OPM %
10
Other Income
3
Interest
5
Depreciation
13
23
Tax %
17
Net Profit
19
EPS
0
Dividend Payout %
12
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2021
257
246
Operating Profit
12
OPM %
5
Other Income
1
Interest
3
Depreciation
13
-4
Tax %
101
Net Profit
0
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2022
355
333
Operating Profit
24
OPM %
7
Other Income
3
Interest
1
Depreciation
13
11
Tax %
25
Net Profit
8
EPS
5
Dividend Payout %
33
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2023
487
425
Operating Profit
65
OPM %
13
Other Income
3
Interest
1
Depreciation
14
50
Tax %
25
Net Profit
37
EPS
25
Dividend Payout %
20
Minority Interest
0
Share of Associates
0
Adjusted EPS
6
Minority Interest
0
Share of Associates
0
Adjusted EPS
6
Mar 2024
502
446
Operating Profit
63
OPM %
12
Other Income
7
Interest
2
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
531
468
Operating Profit
68
OPM %
13
Other Income
5
Interest
2
Depreciation
15
52
Tax %
25
Net Profit
39
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
533
483
Operating Profit
OPM %
Other Income
8
Interest
2
Depreciation
15
46
Tax %
26
Net Profit
34
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5%
5 Years:
6%
3 Years:
14%

COMPOUNDED PROFIT GROWTH

10 Years:
10%
5 Years:
15%
3 Years:
68%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:
13%
5 Years:
13%
3 Years:
20%
Last Year:
18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2024

Dec 20

1:1

Stock Split & Quarterly Results & Bonus issue

Mar 2016
Equity Capital
15
86
31
Trade Payables
29
41
Total Liabilities
202
42
Capital Work in Progress
2
0
77
0
Cash & Bank
0
80
Total Assets
202
Total Debt
31
Net Working Capital
53
Contingent Liabilities
6
Book Value per Share
68.39
Face Value
10.00
Total Debt
31
Net Working Capital
53
Contingent Liabilities
6
Book Value per Share
68.39
Face Value
10.00
Mar 2017
Equity Capital
15
103
38
Trade Payables
19
56
Total Liabilities
231
47
Capital Work in Progress
11
0
79
0
Cash & Bank
0
95
Total Assets
231
Total Debt
51
Net Working Capital
59
Contingent Liabilities
4
Book Value per Share
80.00
Face Value
10.00
Total Debt
51
Net Working Capital
59
Contingent Liabilities
4
Book Value per Share
80.00
Face Value
10.00
Mar 2018
Equity Capital
15
106
52
Trade Payables
28
55
Total Liabilities
256
67
Capital Work in Progress
0
0
79
0
Cash & Bank
0
110
Total Assets
256
Total Debt
66
Net Working Capital
54
Contingent Liabilities
5
Book Value per Share
81.68
Face Value
10.00
Total Debt
66
Net Working Capital
54
Contingent Liabilities
5
Book Value per Share
81.68
Face Value
10.00
Mar 2019
Equity Capital
15
106
42
Trade Payables
26
65
Total Liabilities
254
75
Capital Work in Progress
1
0
70
0
Cash & Bank
0
108
Total Assets
254
Total Debt
62
Net Working Capital
57
Contingent Liabilities
2
Book Value per Share
81.48
Face Value
10.00
Total Debt
62
Net Working Capital
57
Contingent Liabilities
2
Book Value per Share
81.48
Face Value
10.00
Mar 2020
Equity Capital
15
122
27
Trade Payables
42
67
Total Liabilities
272
76
Capital Work in Progress
3
0
83
0
Cash & Bank
0
110
Total Assets
272
Total Debt
46
Net Working Capital
69
Contingent Liabilities
2
Book Value per Share
92.10
Face Value
10.00
Total Debt
46
Net Working Capital
69
Contingent Liabilities
2
Book Value per Share
92.10
Face Value
10.00
Mar 2021
Equity Capital
15
120
8
Trade Payables
38
44
Total Liabilities
225
68
Capital Work in Progress
3
0
63
0
Cash & Bank
0
92
Total Assets
225
Total Debt
8
Net Working Capital
55
Contingent Liabilities
6
Book Value per Share
90.58
Face Value
10.00
Total Debt
8
Net Working Capital
55
Contingent Liabilities
6
Book Value per Share
90.58
Face Value
10.00
Mar 2022
Equity Capital
15
128
3
Trade Payables
40
41
Total Liabilities
227
81
Capital Work in Progress
0
0
65
0
Cash & Bank
0
81
Total Assets
227
Total Debt
3
Net Working Capital
61
Contingent Liabilities
5
Book Value per Share
96.05
Face Value
10.00
Total Debt
3
Net Working Capital
61
Contingent Liabilities
5
Book Value per Share
96.05
Face Value
10.00
Mar 2023
Equity Capital
15
162
0
Trade Payables
39
59
Total Liabilities
276
89
Capital Work in Progress
1
0
79
0
Cash & Bank
12
94
Total Assets
276
Total Debt
0
Net Working Capital
85
Contingent Liabilities
5
Book Value per Share
119.16
Face Value
10.00
Total Debt
0
Net Working Capital
85
Contingent Liabilities
5
Book Value per Share
119.16
Face Value
10.00
Mar 2024
Equity Capital
15
188
0
Trade Payables
56
85
Total Liabilities
344
111
Capital Work in Progress
9
0
91
51
Cash & Bank
13
68
Total Assets
344
Total Debt
0
Net Working Capital
96
Contingent Liabilities
1
Book Value per Share
136.35
Face Value
10.00
Total Debt
0
Net Working Capital
96
Contingent Liabilities
1
Book Value per Share
136.35
Face Value
10.00
Mar 2025
Equity Capital
30
204
0
Trade Payables
57
75
Total Liabilities
366
110
Capital Work in Progress
15
10
90
52
Cash & Bank
31
59
Total Assets
366
Total Debt
0
Net Working Capital
110
Contingent Liabilities
5
Book Value per Share
39.29
Face Value
5.00
Total Debt
0
Net Working Capital
110
Contingent Liabilities
5
Book Value per Share
39.29
Face Value
5.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016
10
Cash from Investing
-18
Cash from Financing
7
-1
Free Cash Flow
-8
OCF / Net Profit
0.53
Cumulative 5-Year FCF
0
OCF / Net Profit
0.53
Cumulative 5-Year FCF
0
Mar 2017
9
Cash from Investing
-22
Cash from Financing
13
-0
Free Cash Flow
9
OCF / Net Profit
0.53
Cumulative 5-Year FCF
0
OCF / Net Profit
0.53
Cumulative 5-Year FCF
0
Mar 2018
13
Cash from Investing
-18
Cash from Financing
5
0
Free Cash Flow
-6
OCF / Net Profit
1.68
Cumulative 5-Year FCF
0
OCF / Net Profit
1.68
Cumulative 5-Year FCF
0
Mar 2019
33
Cash from Investing
-17
Cash from Financing
-17
-0
Free Cash Flow
14
OCF / Net Profit
6.44
Cumulative 5-Year FCF
0
OCF / Net Profit
6.44
Cumulative 5-Year FCF
0
Mar 2020
38
Cash from Investing
-14
Cash from Financing
-25
0
Free Cash Flow
23
OCF / Net Profit
1.99
Cumulative 5-Year FCF
33
OCF / Net Profit
1.99
Cumulative 5-Year FCF
33
Mar 2021
47
Cash from Investing
-4
Cash from Financing
-43
0
Free Cash Flow
42
OCF / Net Profit
1204.86
Cumulative 5-Year FCF
82
OCF / Net Profit
1204.86
Cumulative 5-Year FCF
82
Mar 2022
20
Cash from Investing
-14
Cash from Financing
-6
-0
Free Cash Flow
-2
OCF / Net Profit
2.51
Cumulative 5-Year FCF
71
OCF / Net Profit
2.51
Cumulative 5-Year FCF
71
Mar 2023
43
Cash from Investing
-29
Cash from Financing
-7
8
Free Cash Flow
23
OCF / Net Profit
1.16
Cumulative 5-Year FCF
100
OCF / Net Profit
1.16
Cumulative 5-Year FCF
100
Mar 2024
38
Cash from Investing
-23
Cash from Financing
-10
5
Free Cash Flow
-5
OCF / Net Profit
1.12
Cumulative 5-Year FCF
81
OCF / Net Profit
1.12
Cumulative 5-Year FCF
81
Mar 2025
57
Cash from Investing
-35
Cash from Financing
-10
12
Free Cash Flow
39
OCF / Net Profit
1.47
Cumulative 5-Year FCF
97
OCF / Net Profit
1.47
Cumulative 5-Year FCF
97

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016
EPS (₹)
12.39
Book Value (₹)
68.39
Dividend per Share (₹)
3.00
Cash EPS (₹)
4.11
Operating Margin %
9.29%
Net Margin %
5.29%
ROE %
19.36%
ROCE %
21.98%
10.16%
Debtor Days
46
Inventory Days
74
Payable Days
42
79
Debt to Equity (x)
0.31x
Interest Coverage (x)
17.10x
1.66x
Revenue Growth %
8.12%
Operating Profit Growth %
25.74%
Net Profit Growth %
27.90%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2017
EPS (₹)
11.68
Book Value (₹)
80.00
Dividend per Share (₹)
3.00
Cash EPS (₹)
4.26
Operating Margin %
9.39%
Net Margin %
4.76%
ROE %
15.74%
ROCE %
17.34%
7.97%
Debtor Days
44
Inventory Days
78
Payable Days
38
85
Debt to Equity (x)
0.43x
Interest Coverage (x)
12.05x
1.81x
Revenue Growth %
1.34%
Operating Profit Growth %
5.95%
Net Profit Growth %
-5.77%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2018
EPS (₹)
5.30
Book Value (₹)
81.68
Dividend per Share (₹)
1.50
Cash EPS (₹)
2.95
Operating Margin %
7.88%
Net Margin %
2.29%
ROE %
6.56%
ROCE %
9.75%
3.22%
Debtor Days
46
Inventory Days
84
Payable Days
39
91
Debt to Equity (x)
0.54x
Interest Coverage (x)
3.57x
1.57x
Revenue Growth %
-4.98%
Operating Profit Growth %
-20.88%
Net Profit Growth %
-54.58%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2019
EPS (₹)
3.48
Book Value (₹)
81.48
Dividend per Share (₹)
1.50
Cash EPS (₹)
2.64
Operating Margin %
7.45%
Net Margin %
1.38%
ROE %
4.27%
ROCE %
9.41%
2.02%
Debtor Days
43
Inventory Days
73
Payable Days
39
77
Debt to Equity (x)
0.52x
Interest Coverage (x)
2.76x
1.68x
Revenue Growth %
10.73%
Operating Profit Growth %
3.33%
Net Profit Growth %
-34.36%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2020
EPS (₹)
12.94
Book Value (₹)
92.10
Dividend per Share (₹)
1.50
Cash EPS (₹)
5.34
Operating Margin %
10.19%
Net Margin %
4.75%
ROE %
14.95%
ROCE %
15.72%
7.32%
Debtor Days
39
Inventory Days
69
Payable Days
50
58
Debt to Equity (x)
0.33x
Interest Coverage (x)
5.26x
1.85x
Revenue Growth %
8.19%
Operating Profit Growth %
48.29%
Net Profit Growth %
273.94%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
0.03
Book Value (₹)
90.58
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.14
Operating Margin %
4.50%
Net Margin %
0.02%
ROE %
0.03%
ROCE %
-0.66%
0.02%
Debtor Days
56
Inventory Days
103
Payable Days
85
74
Debt to Equity (x)
0.06x
Interest Coverage (x)
-0.39x
1.92x
Revenue Growth %
-35.35%
Operating Profit Growth %
-71.83%
Net Profit Growth %
-99.80%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
5.47
Book Value (₹)
96.05
Dividend per Share (₹)
1.80
Cash EPS (₹)
3.52
Operating Margin %
6.79%
Net Margin %
2.26%
ROE %
5.86%
ROCE %
8.03%
3.59%
Debtor Days
36
Inventory Days
65
Payable Days
60
40
Debt to Equity (x)
0.02x
Interest Coverage (x)
15.81x
2.14x
Revenue Growth %
38.30%
Operating Profit Growth %
109.92%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
25.15
Book Value (₹)
119.16
Dividend per Share (₹)
5.00
Cash EPS (₹)
8.66
Operating Margin %
13.17%
Net Margin %
7.60%
ROE %
23.37%
ROCE %
31.40%
14.87%
Debtor Days
27
Inventory Days
53
Payable Days
49
31
Debt to Equity (x)
0.00x
Interest Coverage (x)
79.78x
2.26x
Revenue Growth %
37.13%
Operating Profit Growth %
165.66%
Net Profit Growth %
359.81%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
22.93
Book Value (₹)
136.35
Dividend per Share (₹)
5.00
Cash EPS (₹)
8.22
Operating Margin %
11.03%
Net Margin %
6.74%
ROE %
17.95%
ROCE %
25.16%
11.01%
Debtor Days
32
Inventory Days
61
Payable Days
58
36
Debt to Equity (x)
0.00x
Interest Coverage (x)
22.92x
2.41x
Revenue Growth %
3.11%
Operating Profit Growth %
-3.48%
Net Profit Growth %
-8.80%
-8.80%
P/E (x)
5.60x
P/B (x)
3.76x
Dividend Yield %
0.97%
11.99x
Mar 2025
EPS (₹)
6.50
Book Value (₹)
39.29
Dividend per Share (₹)
1.50
Cash EPS (₹)
8.96
Operating Margin %
11.77%
Net Margin %
7.20%
ROE %
17.71%
ROCE %
24.57%
10.90%
Debtor Days
35
Inventory Days
61
Payable Days
64
33
Debt to Equity (x)
0.00x
Interest Coverage (x)
30.83x
2.57x
Revenue Growth %
5.90%
Operating Profit Growth %
9.12%
Net Profit Growth %
13.35%
-71.66%
P/E (x)
15.74x
P/B (x)
2.60x
Dividend Yield %
1.47%
8.46x

Shareholding Pattern

Numbers in percentages

TRADES
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

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