Fine Line Circuits Ltd

₹ 50.4 -0.59%
27 Jan - close price
About

Fine Line Circuits is engaged mainly in the business of manufacturing of Printed Circuit Boards.

  • Market Cap 24.3 Cr.
  • Current Price 50.4
  • High / Low 99.1 / 37.0
  • Stock P/E 43.3
  • Book Value 17.5
  • Dividend Yield 0.00 %
  • ROCE 11.9 %
  • ROE 11.1 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.89 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.33% over past five years.
  • Promoter holding is low: 33.4%
  • Company has a low return on equity of 3.67% over last 3 years.
  • Contingent liabilities of Rs.12.9 Cr.

* 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
5.80 6.38 6.98 4.76 6.68 5.73 5.49 7.74 7.22 7.37 7.73 6.69 7.61
5.51 6.00 6.84 4.49 6.39 5.45 5.34 7.33 6.79 6.93 7.25 6.42 7.36
Operating Profit 0.29 0.38 0.14 0.27 0.29 0.28 0.15 0.41 0.43 0.44 0.48 0.27 0.25
OPM % 5.00% 5.96% 2.01% 5.67% 4.34% 4.89% 2.73% 5.30% 5.96% 5.97% 6.21% 4.04% 3.29%
0.02 0.00 0.05 0.02 0.03 0.02 0.03 0.02 0.02 0.02 0.02 0.01 0.01
Interest 0.12 0.14 0.15 0.13 0.11 0.10 0.09 0.13 0.10 0.10 0.09 0.10 0.09
Depreciation 0.20 0.20 0.20 0.15 0.17 0.14 0.14 0.12 0.12 0.12 0.14 0.12 0.13
Profit before tax -0.01 0.04 -0.16 0.01 0.04 0.06 -0.05 0.18 0.23 0.24 0.27 0.06 0.04
Tax % 200.00% 25.00% 0.00% 0.00% 25.00% -16.67% -20.00% 5.56% 0.00% 0.00% 7.41% 33.33% 25.00%
Net Profit 0.01 0.03 -0.16 0.01 0.04 0.07 -0.06 0.17 0.23 0.24 0.25 0.04 0.03
EPS in Rs 0.02 0.06 -0.33 0.02 0.08 0.15 -0.12 0.35 0.48 0.50 0.52 0.08 0.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
24.05 22.14 24.99 24.82 23.68 25.29 25.52 28.31 31.54 26.70 22.66 30.06 29.40
23.10 22.71 23.94 23.71 23.13 24.41 24.17 26.73 29.91 25.39 21.60 28.24 27.96
Operating Profit 0.95 -0.57 1.05 1.11 0.55 0.88 1.35 1.58 1.63 1.31 1.06 1.82 1.44
OPM % 3.95% -2.57% 4.20% 4.47% 2.32% 3.48% 5.29% 5.58% 5.17% 4.91% 4.68% 6.05% 4.90%
0.08 -1.04 0.09 0.09 0.34 0.20 0.01 0.02 0.04 0.09 0.09 0.08 0.06
Interest 0.19 0.25 0.41 0.44 0.39 0.36 0.53 0.65 0.70 0.69 0.50 0.48 0.38
Depreciation 0.73 0.88 0.59 0.50 0.52 0.58 0.67 0.81 0.80 0.80 0.60 0.50 0.51
Profit before tax 0.11 -2.74 0.14 0.26 -0.02 0.14 0.16 0.14 0.17 -0.09 0.05 0.92 0.61
Tax % 36.36% -1.82% 35.71% 19.23% 500.00% 42.86% 81.25% 35.71% 0.00% 0.00% 20.00% 4.35%
Net Profit 0.07 -2.79 0.08 0.22 0.08 0.09 0.04 0.09 0.16 -0.09 0.05 0.88 0.56
EPS in Rs 0.15 -5.80 0.17 0.46 0.17 0.19 0.08 0.19 0.33 -0.19 0.10 1.83 1.16
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: -2%
TTM: 12%
Compounded Profit Growth
10 Years: 10%
5 Years: 86%
3 Years: 77%
TTM: 37%
Stock Price CAGR
10 Years: 22%
5 Years: 31%
3 Years: 22%
1 Year: -37%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 4%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
4.83 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 4.39 1.61 1.69 1.90 1.94 2.02 2.07 2.19 2.43 2.51 2.66 3.50 3.57
0.00 0.00 1.39 0.57 1.55 3.03 3.35 4.56 6.48 5.82 4.03 3.63 5.99
3.26 5.22 5.13 4.45 4.36 4.48 3.97 4.69 4.52 3.29 3.46 4.16 3.99
Total Liabilities 12.48 11.66 13.04 11.75 12.68 14.36 14.22 16.27 18.26 16.45 14.98 16.12 18.38
2.90 3.28 3.12 2.79 3.16 2.98 3.86 3.57 3.28 2.84 2.60 2.67 2.62
CWIP 0.26 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.06 0.06 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.04 0.05 0.05 0.05 0.05
9.32 8.38 9.92 8.96 9.51 11.38 10.36 12.69 14.88 13.50 12.33 13.40 15.71
Total Assets 12.48 11.66 13.04 11.75 12.68 14.36 14.22 16.27 18.26 16.45 14.98 16.12 18.38

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1.02 1.43 -0.97 1.23 0.57 -0.20 0.23 1.01 0.09 1.65 2.43 1.02
-1.21 -1.16 -0.40 -0.23 -0.82 -0.46 -1.30 -0.77 -0.53 -0.29 -0.15 -0.49
-0.04 -0.14 1.18 -1.03 0.82 1.29 -0.08 0.77 1.38 -1.22 -2.22 -0.83
Net Cash Flow -0.23 0.13 -0.19 -0.03 0.57 0.63 -1.14 1.01 0.94 0.13 0.06 -0.30

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 34.60 33.30 47.76 48.24 41.62 52.82 49.06 53.63 56.59 61.24 50.42 57.80
Inventory Days 232.27 234.82 169.62 166.86 193.69 204.59 229.95 204.91 177.14 209.57 242.11 154.05
Days Payable 114.43 154.74 140.72 145.26 145.27 128.25 96.86 113.02 93.53 85.06 101.80 84.77
Cash Conversion Cycle 152.44 113.38 76.66 69.84 90.04 129.16 182.14 145.53 140.20 185.75 190.73 127.08
Working Capital Days 78.77 35.12 58.28 56.32 55.95 67.83 77.95 79.68 84.71 92.41 95.84 82.69
ROCE % 3.27% -17.24% 7.67% 9.07% 0.77% 3.52% 6.95% 7.33% 6.87% 4.39% 4.46% 11.93%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
34.32 34.32 34.32 34.32 34.33 34.33 34.33 34.33 33.40 33.40 33.40 33.40
65.68 65.68 65.68 65.68 65.66 65.66 65.66 65.66 66.60 66.60 66.60 66.60

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