Fine Line Circuits Ltd

Fine Line Cir. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Fine Line Circuits Ltd

₹ 92.6 -4.97%
12 Jun 11:36 a.m.
finelineindia.com BSE: 517264
About

Incorporated in 1989, Fine Line Circuits Ltd is engaged in manufacturing of Printed Circuit Boards[1]

Key Points

Business Overview:[1][2]
Company is making Printed Circuit Boards (PCBs) and has its manufacturing facilities in Seepz- SEZ, Mumbai and is a SEZ Unit. PCBs are basic Electronic Building Block components used in all Electrical and Electronic Products. Company is a Solutions provider to the various Electronic Interconnect needs of Circuit, Material, Delivery & Volumes. It provides all types of PCBs Delivered Rapidly in small to medium volume for High Reliability Applications

Website BSE
  • Market Cap ₹ 44.6 Cr.
  • Current Price ₹ 92.6
  • High / Low ₹ 115 / 69.2
  • Stock P/E 223
  • Book Value ₹ 18.4
  • Dividend Yield 0.00 %
  • ROCE 3.97 %
  • ROE 2.30 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 5.05 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.61% over past five years.
  • Promoter holding is low: 33.4%
  • Company has a low return on equity of 1.72% over last 3 years.
  • Contingent liabilities of Rs.66.8 Cr.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
7.73 6.69 7.61 5.86 7.30 5.18 5.26 6.50 7.34 7.05 6.95 9.77 6.60
7.25 6.42 7.36 5.63 7.13 5.03 5.09 6.09 7.03 6.76 6.70 9.37 6.37
Operating Profit 0.48 0.27 0.25 0.23 0.17 0.15 0.17 0.41 0.31 0.29 0.25 0.40 0.23
OPM % 6.21% 4.04% 3.29% 3.92% 2.33% 2.90% 3.23% 6.31% 4.22% 4.11% 3.60% 4.09% 3.48%
0.02 0.01 0.01 0.04 0.04 0.03 0.03 0.00 0.01 0.00 0.00 0.00 0.01
Interest 0.09 0.10 0.09 0.12 0.13 0.15 0.14 0.07 0.07 0.07 0.06 0.13 0.09
Depreciation 0.14 0.12 0.13 0.13 0.12 0.14 0.14 0.14 0.15 0.14 0.15 0.16 0.16
Profit before tax 0.27 0.06 0.04 0.02 -0.04 -0.11 -0.08 0.20 0.10 0.08 0.04 0.11 -0.01
Tax % 7.41% 33.33% 25.00% 50.00% -75.00% 0.00% 0.00% 5.00% 0.00% 12.50% 25.00% 0.00% 100.00%
0.25 0.04 0.03 0.01 -0.01 -0.11 -0.07 0.20 0.09 0.07 0.04 0.10 -0.02
EPS in Rs 0.52 0.08 0.06 0.02 -0.02 -0.23 -0.15 0.42 0.19 0.15 0.08 0.21 -0.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
24.82 23.68 25.29 25.52 28.31 31.54 26.70 22.66 30.06 27.46 24.28 30.37
23.71 23.13 24.41 24.17 26.73 29.91 25.39 21.60 28.24 26.43 23.11 29.21
Operating Profit 1.11 0.55 0.88 1.35 1.58 1.63 1.31 1.06 1.82 1.03 1.17 1.16
OPM % 4.47% 2.32% 3.48% 5.29% 5.58% 5.17% 4.91% 4.68% 6.05% 3.75% 4.82% 3.82%
0.09 0.34 0.20 0.01 0.02 0.04 0.09 0.09 0.08 0.09 0.02 0.02
Interest 0.44 0.39 0.36 0.53 0.65 0.70 0.69 0.50 0.48 0.55 0.50 0.36
Depreciation 0.50 0.52 0.58 0.67 0.81 0.80 0.80 0.60 0.50 0.50 0.58 0.60
Profit before tax 0.26 -0.02 0.14 0.16 0.14 0.17 -0.09 0.05 0.92 0.07 0.11 0.22
Tax % 19.23% -500.00% 42.86% 81.25% 35.71% 0.00% 0.00% 20.00% 4.35% 0.00% 9.09% 9.09%
0.22 0.08 0.09 0.04 0.09 0.16 -0.09 0.05 0.88 0.07 0.11 0.20
EPS in Rs 0.46 0.17 0.19 0.08 0.19 0.33 -0.19 0.10 1.83 0.15 0.23 0.42
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 3%
5 Years: 3%
3 Years: 0%
TTM: 25%
Compounded Profit Growth
10 Years: 11%
5 Years: 32%
3 Years: -39%
TTM: 25%
Stock Price CAGR
10 Years: 30%
5 Years: 21%
3 Years: 24%
1 Year: 27%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 2%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 4.83 4.83 4.83 4.83 4.83 4.83 4.83 4.83 4.83 4.83 4.83 4.83
Reserves 1.90 1.94 2.02 2.07 2.19 2.43 2.51 2.66 3.50 3.69 3.72 3.99
0.57 1.55 3.03 3.35 4.56 6.48 5.82 4.03 3.63 6.32 6.03 5.80
4.45 4.36 4.48 3.97 4.69 4.52 3.29 3.46 4.16 3.65 3.37 3.23
Total Liabilities 11.75 12.68 14.36 14.22 16.27 18.26 16.45 14.98 16.12 18.49 17.95 17.85
2.79 3.16 2.98 3.86 3.57 3.28 2.84 2.60 2.67 2.83 2.84 3.31
CWIP 0.00 0.01 0.00 0.00 0.00 0.06 0.06 0.00 0.00 0.12 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.01 0.04 0.05 0.05 0.05 0.05 0.05 0.05
8.96 9.51 11.38 10.36 12.69 14.88 13.50 12.33 13.40 15.49 15.06 14.49
Total Assets 11.75 12.68 14.36 14.22 16.27 18.26 16.45 14.98 16.12 18.49 17.95 17.85

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1.23 0.57 -0.20 0.23 1.01 0.09 1.65 2.43 1.02 0.05 -1.91 1.89
-0.23 -0.82 -0.46 -1.30 -0.77 -0.53 -0.29 -0.15 -0.49 -2.69 1.56 -1.04
-1.03 0.82 1.29 -0.08 0.77 1.38 -1.22 -2.22 -0.83 2.30 -0.60 -0.59
Net Cash Flow -0.03 0.57 0.63 -1.14 1.01 0.94 0.13 0.06 -0.30 -0.34 -0.96 0.27

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 48.24 41.62 52.82 49.06 53.63 56.59 61.24 50.42 57.80 55.56 70.20 52.28
Inventory Days 166.86 193.69 204.59 229.95 204.91 177.14 209.57 242.11 154.05 193.43 329.87 225.74
Days Payable 145.26 145.27 128.25 96.86 113.02 93.53 85.06 101.80 84.77 65.57 87.05 85.29
Cash Conversion Cycle 69.84 90.04 129.16 182.14 145.53 140.20 185.75 190.73 127.08 183.42 313.02 192.73
Working Capital Days 56.32 55.95 67.83 77.95 79.68 84.71 92.41 95.84 82.81 102.48 156.19 116.94
ROCE % 9.07% 0.77% 3.52% 6.95% 7.33% 6.87% 4.39% 4.46% 11.93% 4.70% 4.49% 3.97%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
33.40% 33.40% 33.40% 33.40% 33.40% 33.40% 33.40% 33.40% 33.40% 33.40% 33.40% 33.40%
66.60% 66.60% 66.60% 66.60% 66.60% 66.59% 66.59% 66.59% 66.60% 66.59% 66.60% 66.60%
No. of Shareholders 10,78610,86810,79910,74810,66410,58310,49410,48510,38210,36010,33110,320

Documents

Announcements

Annual reports