Linc Pen & Plastics Ltd

About

Linc Pen & Plastics is engaged in Business of Ball Point Pen.(Source : 201903 Annual Report Page No: 60)

  • Market Cap 321 Cr.
  • Current Price 216
  • High / Low 240 / 137
  • Stock P/E 114
  • Book Value 90.6
  • Dividend Yield 0.70 %
  • ROCE -0.63 %
  • ROE 0.05 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -5.53% over past five years.
  • Company has a low return on equity of 6.29% for last 3 years.
  • Company's cost of borrowing seems high
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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
91.23 86.02 106.23 100.82 101.47 96.70 100.14 27.41 64.46 70.93 93.77 55.13
84.96 80.26 98.76 90.13 92.30 86.45 89.88 28.79 61.43 69.05 87.23 53.76
Operating Profit 6.27 5.76 7.47 10.69 9.17 10.25 10.26 -1.38 3.03 1.88 6.54 1.37
OPM % 6.87% 6.70% 7.03% 10.60% 9.04% 10.60% 10.25% -5.03% 4.70% 2.65% 6.97% 2.49%
Other Income 0.47 0.83 0.60 0.06 0.01 0.03 0.79 0.12 0.00 0.30 1.13 0.40
Interest 1.52 1.65 1.46 1.50 1.43 1.33 1.20 0.96 0.93 0.65 0.20 0.30
Depreciation 2.56 2.70 2.74 3.14 3.12 3.13 3.16 3.15 3.24 3.24 3.06 3.08
Profit before tax 2.66 2.24 3.87 6.11 4.63 5.82 6.69 -5.37 -1.14 -1.71 4.41 -1.61
Tax % 34.96% 35.27% 83.46% 30.28% -22.68% 25.77% 25.56% 25.70% 21.93% 25.15% -40.59% 24.22%
Net Profit 1.72 1.45 0.64 4.27 5.68 4.33 4.98 -3.99 -0.88 -1.28 6.20 -1.22
EPS in Rs 1.16 0.98 0.43 2.89 3.84 2.93 3.35 -2.68 -0.59 -0.86 4.17 -0.82

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
216 244 264 299 305 308 331 344 327 363 393 249 284
203 228 254 285 282 283 300 311 301 338 354 239 271
Operating Profit 13 16 10 14 22 25 31 34 26 25 38 10 13
OPM % 6% 7% 4% 5% 7% 8% 9% 10% 8% 7% 10% 4% 5%
Other Income 3 0 0 0 -0 0 1 0 1 2 3 1 2
Interest 2 2 4 2 2 1 2 2 5 6 5 3 2
Depreciation 3 4 4 4 5 6 6 8 10 10 13 13 13
Profit before tax 12 11 2 7 15 18 25 24 12 11 23 -4 -0
Tax % 27% 22% 23% 23% 22% 21% 26% 28% 37% 53% 17% 101%
Net Profit 8 8 2 5 12 14 18 17 8 5 19 0 3
EPS in Rs 6.56 6.57 1.33 3.66 7.78 9.68 12.39 11.67 5.30 3.48 12.94 0.03 1.90
Dividend Payout % 27% 27% 75% 41% 26% 26% 24% 26% 28% 43% 12% 0%
Compounded Sales Growth
10 Years:0%
5 Years:-6%
3 Years:-9%
TTM:-13%
Compounded Profit Growth
10 Years:-38%
5 Years:-67%
3 Years:-79%
TTM:-74%
Stock Price CAGR
10 Years:15%
5 Years:-5%
3 Years:-9%
1 Year:37%
Return on Equity
10 Years:10%
5 Years:8%
3 Years:6%
Last Year:0%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
13 13 13 15 15 15 15 15 15 15 15 15
Reserves 29 35 35 56 64 73 86 104 106 106 122 120
Borrowings 23 41 43 32 34 18 31 51 66 62 47 9
30 35 42 46 44 42 53 41 51 50 61 57
Total Liabilities 94 124 132 148 156 148 185 210 237 232 245 200
18 26 28 29 33 30 42 47 67 75 76 68
CWIP 2 0 1 0 0 0 2 11 0 1 3 3
Investments 0 0 0 0 0 0 0 0 0 0 0 0
74 98 104 118 123 117 142 152 170 157 167 129
Total Assets 94 124 132 148 156 148 185 210 237 232 245 200

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
16 -5 11 1 11 25 10 9 13 33 38 47
-5 -11 -6 -5 -9 -4 -18 -22 -18 -17 -14 -4
-11 16 -5 5 -2 -20 7 13 5 -17 -25 -43
Net Cash Flow -0 0 0 0 -0 1 -1 -0 0 -0 0 0

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 34 33 46 54 50 48 53 42 51 43 40 53
Inventory Days 117 140 118 112 119 110 129 124 130 101 122 132
Days Payable 56 43 49 46 41 37 48 31 46 37 62 81
Cash Conversion Cycle 95 131 114 119 127 121 133 135 135 107 101 104
Working Capital Days 78 92 85 89 92 82 92 102 119 99 90 92
ROCE % 21% 17% 7% 10% 16% 18% 22% 17% 9% 9% 16% -1%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
59.40 59.43 59.50 59.50 59.50 59.64 59.88 59.88 59.94 60.03 60.03 60.03
0.00 0.00 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.00
0.01 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00
40.59 40.57 40.43 40.43 40.43 40.27 40.04 40.04 39.98 39.89 39.89 39.97

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