Linc Limited (LINC) AI Stock Analysis

• Market Cap: ₹7.20B
• Dividend Yield: 1.26%
• Average Volume (3M): 2.48K
• Price to Earnings (P/E): 19.8
• Beta (1Y): 1.11
• Revenue Growth: 4.61%
• EPS Growth: 3.99%
• Country: IN
• Employees: 1,063
• Sector: Services
• Sector Strength: N/A
• Industry: Business Equipment & Supplies
• EPS (TTM): 1.19
• Shares Outstanding: 59,489,162
• 10 Day Avg. Volume: 2,899
• 30 Day Avg. Volume: 2,480
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹140.00
• Price Target Upside: 15.61% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: ₹140.00 ▲(15.61% Upside)

Linc Limited's overall stock score is primarily driven by its strong financial performance, which indicates robust revenue and profit growth, effective cost management, and solid cash flow generation. However, the technical analysis suggests a bearish trend, which weighs down the score. The valuation is reasonable but not particularly compelling, contributing to a moderate overall score.

Linc Limited Business Overview & Revenue Model

Company Description

Linc Limited manufactures and markets writing instruments and stationery products in India and internationally. The company offers gel, ball, roller, retractable ball, and fountain pens; markers/hi-lighters; stationery, including pencils, geometry boxes, printed pencils, erasers, mechanical pencils, and files and folders; and disinfectants under the Linc brand. It also imports and distributes stationery products. The company was formerly known as Linc Pen & Plastics Limited and changed its name to Linc Limited in October 2021. Linc Limited was founded in 1976 and is headquartered in Kolkata, India.

How the Company Makes Money

Linc Limited primarily generates revenue through the sale of its writing instruments and stationery products. The company's key revenue streams include direct sales to retailers and wholesalers, partnerships with educational institutions, and export operations to international markets. LINC has also engaged in strategic collaborations with other companies to broaden its product offerings and reach a wider customer base. The company's earnings are significantly influenced by its ability to maintain competitive pricing, product innovation, and distribution efficiency in both domestic and international markets.

Linc Limited Financial Statement Overview

Summary

Linc Limited exhibits a strong financial performance with robust revenue growth, improved profit margins, and effective cost management. The balance sheet is stable with low leverage and high equity, and the cash flow statement shows strong cash generation and prudent capital management.

Income Statement

Linc Limited has demonstrated robust revenue growth, with a significant increase from 2024 to 2025. The gross profit margin remains strong at approximately 39.6% for 2025, indicating effective cost management. The net profit margin improved to 7.0%, reflecting enhanced profitability. EBIT and EBITDA margins also show positive trends, with EBIT margin at 25.0% and EBITDA margin at 11.8% in 2025. Overall, the income statement reflects a healthy financial performance with strong growth and profitability.

Balance Sheet

The balance sheet of Linc Limited shows a solid equity position, with an equity ratio of 68.8% in 2025, indicating financial stability. The debt-to-equity ratio is low at 0.11, suggesting prudent leverage management. Return on equity is 16.2%, showcasing efficient use of equity to generate profits. The company's asset base has grown, supporting its expansion and operational needs. Overall, the balance sheet is strong, with low leverage and high equity, though there is room for improvement in asset utilization.

Cash Flow

Linc Limited's cash flow statement indicates strong operational cash generation, with an operating cash flow to net income ratio of 1.50 in 2025. Free cash flow has grown significantly, with a free cash flow to net income ratio of 1.05, highlighting effective cash management. The company has maintained positive free cash flow growth, which supports its investment and financing activities. Overall, the cash flow position is robust, with healthy cash generation and prudent capital expenditure management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	5.43B	5.43B	5.04B	3.51B	4.87B	2.54B
Gross Profit	1.67B	2.15B	1.98B	1.14B	1.92B	805.44M
EBITDA	672.68M	643.98M	636.82M	244.07M	648.39M	116.27M
Net Income	380.44M	380.44M	342.07M	81.33M	373.97M	392.00K
Balance Sheet
Total Assets	3.41B	3.41B	3.10B	2.02B	2.37B	2.00B
Cash, Cash Equivalents and Short-Term Investments	311.35M	311.35M	145.60M	2.11M	127.85M	1.44M
Total Debt	265.65M	265.65M	259.26M	34.60M	9.70M	92.14M
Total Liabilities	1.05B	1.05B	1.04B	587.63M	602.35M	657.51M
Stockholders Equity	2.35B	2.35B	2.04B	1.43B	1.77B	1.35B
Cash Flow
Free Cash Flow	0.00	399.43M	95.55M	62.01M	183.50M	431.04M
Operating Cash Flow	0.00	569.30M	380.09M	204.43M	433.76M	472.31M
Investing Cash Flow	0.00	-350.90M	-204.39M	-140.70M	-290.33M	-40.22M
Financing Cash Flow	0.00	-113.53M	-106.13M	-64.24M	-68.36M	-431.95M

Linc Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 121.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LINC, the sentiment is Negative. The current price of 121.1 is below the 20-day moving average (MA) of 128.84, below the 50-day MA of 131.29, and below the 200-day MA of 131.70, indicating a bearish trend. The MACD of -1.71 indicates Positive momentum. The RSI at 37.65 is Neutral, neither overbought nor oversold. The STOCH value of 13.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LINC.

Linc Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LINC	66 Neutral	₹7.20B	19.76	―	1.26%	4.61%	3.99%
SATINDLTD	66 Neutral	₹9.54B	19.02	7.58%	0.36%	19.70%	-75.69%
SPECIALITY	64 Neutral	₹6.13B	31.28	6.64%	0.78%	5.42%	-35.75%
RITCO	64 Neutral	₹7.55B	17.09	13.08%	―	32.13%	9.29%
JITFINFRA	50 Neutral	₹8.78B	27.78	-10.26%	―	-28.29%	-47.29%
SICALLOG	42 Neutral	₹7.16B	-36.11	541.72%	―	43.60%	32.19%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%