Linc Limited (IN:LINC)
:LINC
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Linc Limited
(LINC)
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Rating:58Neutral
Price Target:
₹102.00
▼(-15.00% Downside)
Action:Reiterated
Date:05/28/26
The score is driven primarily by financials: a strong, low-leverage balance sheet and improved profitability are tempered by uneven operating momentum and a negative free-cash-flow swing in 2026. Technicals add pressure with the stock trading below key moving averages and a negative MACD, while valuation is moderately demanding (P/E ~23.8) with only modest support from the ~1.55% dividend yield.
Positive Factors
Conservative balance sheet
Sustained low leverage and a conservative balance sheet provide durable financial flexibility, supporting capital expenditure, working capital needs, and resilience through cycles. This structural strength reduces refinancing risk and preserves capacity for strategic investments over the medium term.
Negative Factors
Volatile revenue and operating momentum
Irregular top-line trends and fluctuating operating results reduce predictability of cash flows and make capacity planning difficult. Persistent revenue volatility can compress margins, hinder consistent reinvestment, and raise execution risk for medium-term growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Sustained low leverage and a conservative balance sheet provide durable financial flexibility, supporting capital expenditure, working capital needs, and resilience through cycles. This structural strength reduces refinancing risk and preserves capacity for strategic investments over the medium term.
Read all positive factors
Linc Limited (LINC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.01B
Dividend Yield1.35%
Average Volume (3M)3.00K
Price to Earnings (P/E)18.3
Beta (1Y)1.16
Revenue Growth-0.09%
EPS Growth-13.91%
CountryIN
Employees1,063
SectorServices
Sector StrengthN/A
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)6.11
Shares Outstanding59,489,162
10 Day Avg. Volume4,589
30 Day Avg. Volume3,003
Financial Highlights & Ratios
PEG Ratio-1.12
Price to Book (P/B)2.00
Price to Sales (P/S)0.95
P/FCF Ratio-129.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)₹6.07B
Linc Limited Business Overview & Revenue Model
Company Description
Linc Limited, an entity operating both within India and across global markets, specializes in the production and sale of writing tools and various stationery items. Its extensive product portfolio, primarily marketed under the Linc brand, encompas...
How the Company Makes Money
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Linc Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.52B | 5.43B | 5.43B | 5.04B | 4.82B | 3.51B |
| Gross Profit | 1.90B | 1.14B | 2.15B | 1.98B | 1.92B | 1.14B |
| EBITDA | 677.07M | 594.87M | 643.98M | 636.82M | 648.39M | 244.07M |
| Net Income | 363.35M | 327.43M | 380.44M | 342.07M | 373.97M | 81.33M |
Balance Sheet | ||||||
| Total Assets | 3.49B | 3.59B | 3.41B | 3.10B | 2.37B | 2.02B |
| Cash, Cash Equivalents and Short-Term Investments | 237.98M | 204.53M | 311.35M | 145.60M | 127.85M | 2.11M |
| Total Debt | 270.92M | 266.93M | 265.65M | 259.26M | 9.70M | 34.60M |
| Total Liabilities | 1.07B | 995.24M | 1.05B | 1.04B | 602.35M | 587.63M |
| Stockholders Equity | 2.41B | 2.58B | 2.35B | 2.04B | 1.77B | 1.43B |
Cash Flow | ||||||
| Free Cash Flow | 58.06M | -39.70M | 399.43M | 95.55M | 183.50M | 62.01M |
| Operating Cash Flow | 262.45M | 339.30M | 569.30M | 380.09M | 433.76M | 204.43M |
| Investing Cash Flow | -212.24M | -345.76M | -350.90M | -204.39M | -290.33M | -140.70M |
| Financing Cash Flow | -105.12M | -112.95M | -113.53M | -106.13M | -68.36M | -64.24M |
Linc Limited Technical Analysis
Negative
120.00
Price Trends
99.90
Negative
102.80
Negative
112.55
Negative
Market Momentum
>-0.01
Negative
49.51
Neutral
82.71
Negative
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 120 is above the 20-day moving average (MA) of 99.24, above the 50-day MA of 99.90, and above the 200-day MA of 112.55, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.51 is Neutral, neither overbought nor oversold. The STOCH value of 82.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LINC.
Linc Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹10.03B | 22.99 | ― | 1.42% | 13.39% | -56.41% | |
61 Neutral | ₹29.13B | 20.81 | ― | 0.33% | 15.77% | 16.92% | |
61 Neutral | ₹8.82B | 35.22 | ― | 0.55% | 5.70% | 325.40% | |
59 Neutral | ₹142.09B | 61.62 | ― | 0.12% | 21.63% | 13.76% | |
58 Neutral | ₹6.01B | 18.33 | ― | 1.35% | -0.09% | -13.91% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
42 Neutral | ₹5.28B | -15.79 | ― | ― | 1.60% | -39897.81% |
* Services Sector Average
IN:LINC
Linc Limited
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Linc Limited Corporate Events
Linc Limited to Invest Rs 60.58 Crore in Capacity Expansion Near Kolkata by FY27
Apr 27, 2026
Linc Limited has outlined plans to expand manufacturing capacity at a proposed new unit near its existing Kolkata-area factory, continuing a capacity addition program first disclosed in 2024 and 2025. The company expects the added capacity to come...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.