Smartlink Holdings Ltd
Incorporated in 1992, Smartlink Holdings 
Ltd operates as an Investment Company 
and earns majorly from investing activity[1]
- Market Cap ₹ 135 Cr.
 - Current Price ₹ 136
 - High / Low ₹ 241 / 119
 - Stock P/E 14.6
 - Book Value ₹ 197
 - Dividend Yield 0.00 %
 - ROCE 3.35 %
 - ROE 3.42 %
 - Face Value ₹ 2.00
 
Pros
- Company has reduced debt.
 - Company is almost debt free.
 - Stock is trading at 0.69 times its book value
 
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
 - Tax rate seems low
 - Company has a low return on equity of 2.75% over last 3 years.
 - Earnings include an other income of Rs.12.5 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 70 | 118 | 150 | 104 | 99 | 108 | 75 | 70 | 80 | 163 | 198 | 215 | 211 | |
| 573 | 153 | 176 | 108 | 97 | 105 | 81 | 60 | 70 | 158 | 195 | 216 | 211 | |
| Operating Profit | -503 | -34 | -26 | -4 | 2 | 3 | -6 | 11 | 10 | 5 | 3 | -1 | 1 | 
| OPM % | -724% | -29% | -17% | -4% | 2% | 2% | -7% | 15% | 12% | 3% | 1% | -1% | 0% | 
| 975 | 36 | 23 | 2 | 0 | 1 | -4 | 2 | 1 | 22 | 12 | 12 | 12 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 1 | 1 | 2 | 2 | 2 | 1 | 
| Depreciation | 4 | 4 | 4 | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 4 | 4 | 
| Profit before tax | 468 | -2 | -6 | -5 | 0 | 1 | -15 | 9 | 7 | 23 | 9 | 5 | 8 | 
| Tax % | 22% | -2% | -66% | 103% | 1,373% | 368% | -3% | -13% | -40% | 15% | 19% | -24% | |
| 367 | -2 | -2 | -10 | -3 | -2 | -14 | 10 | 10 | 19 | 7 | 7 | 9 | |
| EPS in Rs | 122.17 | -0.66 | -0.67 | -4.31 | -1.43 | -1.37 | -10.51 | 7.80 | 10.42 | 19.29 | 7.08 | 6.63 | 9.26 | 
| Dividend Payout % | 26% | -305% | -300% | -46% | -140% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 23% | 
| 3 Years: | 39% | 
| TTM: | 3% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 21% | 
| 3 Years: | -14% | 
| TTM: | 17% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% | 
| 5 Years: | 14% | 
| 3 Years: | -5% | 
| 1 Year: | -43% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 4% | 
| 3 Years: | 3% | 
| Last Year: | 3% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 5 | 5 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 
| Reserves | 418 | 409 | 400 | 320 | 312 | 243 | 180 | 191 | 163 | 182 | 188 | 194 | 
| 0 | 0 | 0 | 1 | 4 | 20 | 27 | 24 | 25 | 34 | 32 | 4 | |
| 25 | 31 | 28 | 21 | 21 | 19 | 19 | 13 | 19 | 44 | 45 | 45 | |
| Total Liabilities | 449 | 446 | 434 | 346 | 341 | 285 | 229 | 230 | 209 | 262 | 267 | 245 | 
| 31 | 29 | 26 | 22 | 21 | 20 | 34 | 30 | 31 | 33 | 32 | 32 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 0 | 0 | 0 | 
| Investments | 159 | 268 | 281 | 259 | 273 | 209 | 161 | 165 | 110 | 123 | 130 | 105 | 
| 259 | 149 | 127 | 65 | 47 | 55 | 32 | 33 | 66 | 106 | 105 | 108 | |
| Total Assets | 449 | 446 | 434 | 346 | 341 | 285 | 229 | 230 | 209 | 262 | 267 | 245 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -162 | -17 | -40 | -34 | -9 | -22 | 74 | 3 | 42 | -26 | -0 | -6 | |
| 274 | 21 | 47 | 115 | 14 | 72 | -17 | -0 | -4 | 21 | 5 | 36 | |
| -112 | -7 | -7 | -81 | -2 | -52 | -58 | -3 | -38 | 5 | -4 | -29 | |
| Net Cash Flow | 1 | -4 | 0 | -0 | 3 | -3 | -1 | 0 | 0 | -0 | 0 | 0 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 82 | 77 | 71 | 52 | 50 | 50 | 38 | 45 | 79 | 90 | 106 | 96 | 
| Inventory Days | 263 | 60 | 82 | 163 | 88 | 89 | 77 | 66 | 105 | 95 | 51 | 62 | 
| Days Payable | 97 | 77 | 52 | 75 | 87 | 72 | 87 | 76 | 90 | 106 | 88 | 75 | 
| Cash Conversion Cycle | 248 | 61 | 101 | 140 | 51 | 66 | 28 | 36 | 93 | 80 | 69 | 83 | 
| Working Capital Days | 203 | 69 | 92 | 104 | 54 | 18 | 26 | 54 | 103 | 101 | 28 | 86 | 
| ROCE % | -2% | -3% | -5% | 0% | 1% | -3% | 5% | 4% | 2% | 5% | 3% | 
Documents
Announcements
- 
        
          Board Meeting Intimation for Declaration Of Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2025
          
            16 Oct - Board meeting Nov 6, 2025 to approve unaudited results for quarter/half year ended Sep 30, 2025; trading window update.
 - 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            9 Oct - KFin certifies Regulation 74(5) compliance for Smartlink for quarter ended September 30, 2025.
 - Closure of Trading Window 29 Sep
 - 
        
          Intimation Regarding Change Of Corporate Identification Number Of The Company
          
            23 Sep - CIN changed to L26109GA1993PLC001341 on MCA effective 23-Sep-2025.
 - 
        
          Shareholder Meeting / Postal Ballot-Scrutinizers Report
          
            14 Aug - Smartlink's 32nd AGM: financials adopted, director re-appointed, secretarial auditor appointed, MOA altered.
 
Annual reports
- 
    
      Financial Year 2025
      from bse
 - 
    
      Financial Year 2024
      from bse
 - 
    
      Financial Year 2023
      from bse
 - 
    
      Financial Year 2022
      from bse
 - 
    
      Financial Year 2021
      from bse
 - 
    
      Financial Year 2020
      from bse
 - 
    
      Financial Year 2019
      from bse
 - 
    
      Financial Year 2018
      from bse
 - 
    
      Financial Year 2017
      from bse
 - 
    
      Financial Year 2016
      from bse
 - 
    
      Financial Year 2015
      from bse
 - 
    
      Financial Year 2014
      from bse
 - 
    
      Financial Year 2013
      from bse
 - 
    
      Financial Year 2012
      from bse
 - 
    
      Financial Year 2012
      from nse
 
Business Overview:[1][2]
SHL is in the Networking Products business and is involved in sourcing, manufacturing, sales, marketing, and support. It is a non-deposit taking NBFC having investments in mutual funds, bonds /deposits, etc. It also has investment in 2 subsidiaries