Linc Ltd

Linc Ltd

₹ 605 0.29%
25 Apr 4:01 p.m.
About

Linc Ltd is primarily engaged in the manufacturing of Writing instruments and stationeries and generates revenue from the sale of Pen and Refill. [1]

Key Points

Products
Pens- Ball pen, roller pen, gel pen, etc.
Marker/Hi-lighter- Permanent, whiteboard, DVD markers.
Stationery- Pencil, geometry box, erasers, etc.
Disinfectants- Sanitizers. [1]

  • Market Cap 902 Cr.
  • Current Price 605
  • High / Low 900 / 463
  • Stock P/E 25.8
  • Book Value 124
  • Dividend Yield 0.82 %
  • ROCE 31.4 %
  • ROE 23.5 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 39.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.6%
  • Debtor days have improved from 38.4 to 29.0 days.
  • Company's working capital requirements have reduced from 70.1 days to 55.0 days

Cons

  • Stock is trading at 4.88 times its book value
  • The company has delivered a poor sales growth of 8.31% over past five years.
  • Company has a low return on equity of 10.6% over last 3 years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
70.93 93.77 55.13 93.95 95.33 110.55 97.94 126.98 124.55 137.29 111.88 131.22 120.34
69.05 87.23 53.76 86.34 88.61 104.71 89.94 111.41 106.37 117.67 98.73 118.63 106.84
Operating Profit 1.88 6.54 1.37 7.61 6.72 5.84 8.00 15.57 18.18 19.62 13.15 12.59 13.50
OPM % 2.65% 6.97% 2.49% 8.10% 7.05% 5.28% 8.17% 12.26% 14.60% 14.29% 11.75% 9.59% 11.22%
0.30 1.13 0.40 0.44 0.42 1.61 1.32 0.84 0.41 0.91 1.34 1.93 0.67
Interest 0.65 0.20 0.30 0.15 0.08 0.20 0.11 0.10 0.15 0.29 0.72 0.46 0.44
Depreciation 3.24 3.06 3.08 3.10 3.37 3.27 3.28 3.64 3.54 3.65 3.73 3.79 3.60
Profit before tax -1.71 4.41 -1.61 4.80 3.69 3.98 5.93 12.67 14.90 16.59 10.04 10.27 10.13
Tax % 25.15% -40.59% 24.22% 25.42% 24.66% 24.87% 26.14% 24.55% 25.30% 25.68% 26.49% 24.93% 25.37%
-1.28 6.20 -1.22 3.58 2.79 2.99 4.38 9.56 11.13 12.33 7.39 7.71 7.57
EPS in Rs -0.86 4.17 -0.82 2.41 1.88 2.01 2.95 6.43 7.48 8.29 4.97 5.18 5.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
264 299 305 308 331 344 327 363 393 257 355 487 501
254 285 282 283 300 311 301 338 354 246 333 425 442
Operating Profit 10 14 22 25 31 34 26 25 38 10 22 62 59
OPM % 4% 5% 7% 8% 9% 10% 8% 7% 10% 4% 6% 13% 12%
0 0 -0 0 1 0 1 2 3 1 3 3 5
Interest 4 2 2 1 2 2 5 6 5 3 1 1 2
Depreciation 4 4 5 6 6 8 10 10 13 13 13 14 15
Profit before tax 2 7 15 18 25 24 12 11 23 -4 11 50 47
Tax % 23% 23% 22% 21% 26% 28% 37% 53% 17% 101% 25% 25%
2 5 12 14 18 17 8 5 19 0 8 37 35
EPS in Rs 1.33 3.66 7.78 9.68 12.39 11.67 5.30 3.48 12.94 0.03 5.47 25.15 23.53
Dividend Payout % 75% 41% 26% 26% 24% 26% 28% 43% 12% 0% 33% 20%
Compounded Sales Growth
10 Years: 5%
5 Years: 8%
3 Years: 7%
TTM: 9%
Compounded Profit Growth
10 Years: 22%
5 Years: 39%
3 Years: 25%
TTM: 25%
Stock Price CAGR
10 Years: 27%
5 Years: 21%
3 Years: 60%
1 Year: -3%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 11%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 13 15 15 15 15 15 15 15 15 15 15 15 15
Reserves 35 56 64 73 86 104 106 106 122 120 128 162 170
43 32 34 18 31 51 66 62 47 9 3 1 19
42 46 44 42 53 41 51 50 61 57 55 59 58
Total Liabilities 132 148 156 148 185 210 237 232 245 200 202 237 262
28 29 33 30 42 47 67 75 76 68 81 89 107
CWIP 1 0 0 0 2 11 0 1 3 3 1 1 3
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
104 118 123 117 142 152 170 157 167 129 119 147 153
Total Assets 132 148 156 148 185 210 237 232 245 200 202 237 262

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
11 1 11 25 10 9 13 33 38 47 20 43
-6 -5 -9 -4 -18 -22 -18 -17 -14 -4 -14 -29
-5 5 -2 -20 7 13 5 -17 -25 -43 -6 -7
Net Cash Flow 0 0 -0 1 -1 -0 0 -0 0 0 -0 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 46 54 50 48 53 42 51 43 40 51 35 29
Inventory Days 118 112 119 110 129 124 130 101 122 132 99 98
Days Payable 49 46 41 37 48 31 46 37 62 81 62 49
Cash Conversion Cycle 114 119 127 121 133 135 135 107 101 102 73 78
Working Capital Days 84 87 91 82 92 102 115 95 86 90 65 55
ROCE % 7% 10% 16% 18% 22% 17% 9% 9% 16% -1% 8% 31%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.03% 60.03% 59.02% 58.70% 58.70% 58.70% 58.83% 59.25% 59.28% 59.28% 59.44% 59.46%
0.00% 0.00% 0.03% 0.06% 0.06% 0.07% 0.14% 0.25% 0.94% 1.43% 1.42% 1.27%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.38% 0.38% 0.38%
39.97% 39.97% 40.95% 41.24% 41.24% 41.23% 41.04% 40.49% 39.78% 38.92% 38.76% 38.88%
No. of Shareholders 6,6345,6905,6685,7755,8065,7865,9876,0397,5228,3909,69410,873

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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