Linc Pen & Plastics Ltd

About [ edit ]

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

  • Market Cap 232 Cr.
  • Current Price 151
  • High / Low 196 / 124
  • Stock P/E
  • Book Value 87.2
  • Dividend Yield 1.00 %
  • ROCE 15.6 %
  • ROE 15.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 27.65%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.14% over past five years.
  • Company has a low return on equity of 8.50% for last 3 years.
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
103.35 83.46 91.23 86.02 106.23 100.82 101.47 96.70 100.98 27.52 64.46 71.21
94.86 77.26 84.96 80.26 98.76 90.13 92.30 86.45 89.88 28.80 61.43 69.05
Operating Profit 8.49 6.20 6.27 5.76 7.47 10.69 9.17 10.25 11.10 -1.28 3.03 2.16
OPM % 8.21% 7.43% 6.87% 6.70% 7.03% 10.60% 9.04% 10.60% 10.99% -4.65% 4.70% 3.03%
Other Income 0.50 0.33 0.47 0.83 0.60 0.06 0.01 0.03 -0.05 0.02 0.00 0.02
Interest 1.48 1.48 1.52 1.65 1.46 1.50 1.43 1.33 1.20 0.96 0.93 0.65
Depreciation 2.51 2.45 2.56 2.70 2.74 3.14 3.12 3.13 3.16 3.15 3.24 3.24
Profit before tax 5.00 2.60 2.66 2.24 3.87 6.11 4.63 5.82 6.69 -5.37 -1.14 -1.71
Tax % 37.60% 36.92% 34.96% 35.27% 83.46% 30.28% -22.68% 25.77% 25.56% 25.70% 21.93% 25.15%
Net Profit 3.12 1.64 1.72 1.45 0.64 4.27 5.68 4.33 4.98 -3.99 -0.88 -1.28
EPS in Rs 2.11 1.11 1.16 0.98 0.43 2.89 3.84 2.93 3.35 -2.68 -0.59 -0.86

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
181 216 244 264 299 305 308 331 344 327 363 396 264
173 203 228 254 285 282 283 300 311 301 338 354 249
Operating Profit 8 13 16 10 14 22 25 31 34 26 25 41 15
OPM % 4% 6% 7% 4% 5% 7% 8% 9% 10% 8% 7% 10% 6%
Other Income 5 3 0 0 0 -0 0 1 0 1 2 0 -0
Interest 3 2 2 4 2 2 1 2 2 5 6 5 4
Depreciation 3 3 4 4 4 5 6 6 8 10 10 13 13
Profit before tax 7 12 11 2 7 15 18 25 24 12 11 23 -2
Tax % 26% 27% 22% 23% 23% 22% 21% 26% 28% 37% 53% 17%
Net Profit 5 8 8 2 5 12 14 18 17 8 5 19 -1
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 -0.78
Dividend Payout % 24% 27% 27% 75% 41% 26% 26% 24% 26% 28% 43% 12%
Compounded Sales Growth
10 Years:6%
5 Years:5%
3 Years:5%
TTM:-35%
Compounded Profit Growth
10 Years:8%
5 Years:6%
3 Years:4%
TTM:-108%
Stock Price CAGR
10 Years:7%
5 Years:-5%
3 Years:-27%
1 Year:17%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:9%
Last Year:15%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
13 13 13 13 15 15 15 15 15 15 15 15 15
Reserves 23 29 35 35 56 64 73 86 104 106 106 122 115
Borrowings 30 23 41 43 32 34 18 31 51 66 62 47 45
40 30 35 42 46 44 42 53 41 51 50 61 46
Total Liabilities 101 94 124 132 148 156 148 185 210 237 232 245 220
16 18 26 28 29 33 30 42 47 67 75 76 74
CWIP 2 2 0 1 0 0 0 2 11 0 1 3 2
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
83 74 98 104 118 123 117 142 152 170 157 167 144
Total Assets 101 94 124 132 148 156 148 185 210 237 232 245 220

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
10 16 -5 11 1 11 25 10 9 13 33 38
-0 -5 -11 -6 -5 -9 -4 -18 -22 -18 -17 -14
-10 -11 16 -5 5 -2 -20 7 13 5 -17 -25
Net Cash Flow 0 -0 0 0 0 -0 1 -1 -0 0 -0 0

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 13% 21% 17% 7% 10% 16% 18% 22% 17% 9% 9% 16%
Debtor Days 39 34 33 46 54 50 48 53 42 51 43 40
Inventory Turnover 2.25 2.81 3.06 3.04 3.38 3.21 3.21 3.16 3.03 2.87 3.45 3.30

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
59.29 59.40 59.43 59.50 59.50 59.50 59.64 59.88 59.88 59.94 60.03 60.03
0.00 0.00 0.00 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
0.01 0.01 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00
40.70 40.59 40.57 40.43 40.43 40.43 40.27 40.04 40.04 39.98 39.89 39.89

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