Fine Line Circuits Ltd

Fine Line Circuits Ltd

₹ 72.9 0.12%
23 Feb - close price
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

  • Market Cap 35.1 Cr.
  • Current Price 72.9
  • High / Low 75.8 / 34.8
  • Stock P/E 3,507
  • Book Value 17.4
  • Dividend Yield 0.00 %
  • ROCE 4.70 %
  • ROE 0.95 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 4.20 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 -0.61% over past five years.
  • Promoter holding is low: 33.4%
  • Company has a low return on equity of 4.25% over last 3 years.
  • Contingent liabilities of Rs.19.6 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
5.73 5.49 7.74 7.22 7.37 7.73 6.69 7.61 5.86 7.30 5.18 5.26 6.50
5.45 5.34 7.33 6.79 6.93 7.25 6.42 7.36 5.63 7.13 5.03 5.09 6.09
Operating Profit 0.28 0.15 0.41 0.43 0.44 0.48 0.27 0.25 0.23 0.17 0.15 0.17 0.41
OPM % 4.89% 2.73% 5.30% 5.96% 5.97% 6.21% 4.04% 3.29% 3.92% 2.33% 2.90% 3.23% 6.31%
0.02 0.03 0.02 0.02 0.02 0.02 0.01 0.01 0.04 0.04 0.03 0.03 0.00
Interest 0.10 0.09 0.13 0.10 0.10 0.09 0.10 0.09 0.12 0.13 0.15 0.14 0.07
Depreciation 0.14 0.14 0.12 0.12 0.12 0.14 0.12 0.13 0.13 0.12 0.14 0.14 0.14
Profit before tax 0.06 -0.05 0.18 0.23 0.24 0.27 0.06 0.04 0.02 -0.04 -0.11 -0.08 0.20
Tax % -16.67% -20.00% 5.56% 0.00% 0.00% 7.41% 33.33% 25.00% 50.00% 75.00% 0.00% 0.00% 5.00%
0.07 -0.06 0.17 0.23 0.24 0.25 0.04 0.03 0.01 -0.01 -0.11 -0.07 0.20
EPS in Rs 0.15 -0.12 0.35 0.48 0.50 0.52 0.08 0.06 0.02 -0.02 -0.23 -0.15 0.42
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
22.14 24.99 24.82 23.68 25.29 25.52 28.31 31.54 26.70 22.66 30.06 27.46 24.24
22.71 23.94 23.71 23.13 24.41 24.17 26.73 29.91 25.39 21.60 28.24 26.43 23.34
Operating Profit -0.57 1.05 1.11 0.55 0.88 1.35 1.58 1.63 1.31 1.06 1.82 1.03 0.90
OPM % -2.57% 4.20% 4.47% 2.32% 3.48% 5.29% 5.58% 5.17% 4.91% 4.68% 6.05% 3.75% 3.71%
-1.04 0.09 0.09 0.34 0.20 0.01 0.02 0.04 0.09 0.09 0.08 0.09 0.10
Interest 0.25 0.41 0.44 0.39 0.36 0.53 0.65 0.70 0.69 0.50 0.48 0.55 0.49
Depreciation 0.88 0.59 0.50 0.52 0.58 0.67 0.81 0.80 0.80 0.60 0.50 0.50 0.54
Profit before tax -2.74 0.14 0.26 -0.02 0.14 0.16 0.14 0.17 -0.09 0.05 0.92 0.07 -0.03
Tax % -1.82% 35.71% 19.23% 500.00% 42.86% 81.25% 35.71% 0.00% 0.00% 20.00% 4.35% 0.00%
-2.79 0.08 0.22 0.08 0.09 0.04 0.09 0.16 -0.09 0.05 0.88 0.07 0.01
EPS in Rs -5.80 0.17 0.46 0.17 0.19 0.08 0.19 0.33 -0.19 0.10 1.83 0.15 0.02
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: 1%
5 Years: -1%
3 Years: 1%
TTM: -13%
Compounded Profit Growth
10 Years: 0%
5 Years: -2%
3 Years: 41%
TTM: -97%
Stock Price CAGR
10 Years: 28%
5 Years: 38%
3 Years: 57%
1 Year: 88%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 4%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
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 4.83
Reserves 1.61 1.69 1.90 1.94 2.02 2.07 2.19 2.43 2.51 2.66 3.50 3.69 3.51
0.00 1.39 0.57 1.55 3.03 3.35 4.56 6.48 5.82 4.03 3.63 6.32 7.78
5.22 5.13 4.45 4.36 4.48 3.97 4.69 4.52 3.29 3.46 4.16 3.65 3.46
Total Liabilities 11.66 13.04 11.75 12.68 14.36 14.22 16.27 18.26 16.45 14.98 16.12 18.49 19.58
3.28 3.12 2.79 3.16 2.98 3.86 3.57 3.28 2.84 2.60 2.67 2.83 2.65
CWIP 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.06 0.06 0.00 0.00 0.12 0.04
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.04 0.05 0.05 0.05 0.05 0.05
8.38 9.92 8.96 9.51 11.38 10.36 12.69 14.88 13.50 12.33 13.40 15.49 16.84
Total Assets 11.66 13.04 11.75 12.68 14.36 14.22 16.27 18.26 16.45 14.98 16.12 18.49 19.58

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.43 -0.97 1.23 0.57 -0.20 0.23 1.01 0.09 1.65 2.43 1.02 0.05
-1.16 -0.40 -0.23 -0.82 -0.46 -1.30 -0.77 -0.53 -0.29 -0.15 -0.49 -2.69
-0.14 1.18 -1.03 0.82 1.29 -0.08 0.77 1.38 -1.22 -2.22 -0.83 2.30
Net Cash Flow 0.13 -0.19 -0.03 0.57 0.63 -1.14 1.01 0.94 0.13 0.06 -0.30 -0.34

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 33.30 47.76 48.24 41.62 52.82 49.06 53.63 56.59 61.24 50.42 57.80 55.56
Inventory Days 234.82 169.62 166.86 193.69 204.59 229.95 204.91 177.14 209.57 242.11 154.05 193.43
Days Payable 154.74 140.72 145.26 145.27 128.25 96.86 113.02 93.53 85.06 101.80 84.77 65.57
Cash Conversion Cycle 113.38 76.66 69.84 90.04 129.16 182.14 145.53 140.20 185.75 190.73 127.08 183.42
Working Capital Days 35.12 58.28 56.32 55.95 67.83 77.95 79.68 84.71 92.41 95.84 82.81 102.48
ROCE % -17.24% 7.67% 9.07% 0.77% 3.52% 6.95% 7.33% 6.87% 4.39% 4.46% 11.93% 4.70%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
34.33% 34.33% 34.33% 34.33% 33.40% 33.40% 33.40% 33.40% 33.40% 33.40% 33.40% 33.40%
65.66% 65.66% 65.66% 65.66% 66.60% 66.60% 66.60% 66.60% 66.60% 66.60% 66.59% 66.59%
No. of Shareholders 10,60910,60110,55410,66110,84310,78610,86810,79910,74810,66410,58310,494

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