Linc Limited (LINC) AI Stock Analysis

Top Page

Linc Limited

(NSE:LINC)

Select Model

Rating:61Neutral

Price Target:INR 100.00▲(11.87% Upside)

Action:reiterated

Date:10/28/26

The score is primarily driven by solid financial positioning (low leverage and sustained profitability) but is held back by weaker and volatile cash flow, including negative free cash flow in 2026. Technicals are mixed with a negative MACD and the stock below longer-term moving averages, while valuation appears reasonable with a mid-range P/E and modest dividend yield.

Positive Factors

Low Leverage and Stronger Capital BaseConservative leverage and a steadily expanding equity base provide financial resilience as the asset base grows. Manageable debt obligations preserve flexibility to fund resource development, withstand operating volatility, and pursue projects without excessive reliance on external financing.

Negative Factors

Weak Recent Revenue TrendThe progression from strong growth to moderation and then a decline signals weakening top-line momentum. Slower or negative revenue growth can limit operating leverage, reduce funds available for development, and make future profitability more dependent on cost control.

Linc Limited (LINC) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 5.41B
Dividend Yield: 1.69%
Average Volume (3M): 3,132
Price to Earnings (P/E): 17.2
Beta (1Y): 1.06
Revenue Growth: -0.98%
EPS Growth: -14.07%
Country: India
Employees: 1,063
Sector: General
Sector Strength: 55
Industry: Business Equipment & Supplies

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, encompasses...

How the Company Makes Money

Linc Limited’s primary way of making money has historically been tied to progressing resource projects and monetising them through asset transactions (e.g., farm-outs/joint ventures, project sales, or other divestments) and, where applicable, through...

Linc Limited Financial Statement Overview

Summary

Financials are supported by a strong, low-leverage balance sheet (Balance Sheet Score 78) and improved profitability versus 2021 (Income Statement Score 62), but cash flow reliability is a key weakness (Cash Flow Score 49) given the negative free cash flow in 2026 and meaningful variability.

Income Statement

62Positive

Balance Sheet

78Positive

Cash Flow

49Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	5.45B	5.43B	5.43B	5.04B	4.82B	3.51B
Gross Profit	1.12B	1.14B	2.15B	1.98B	1.92B	1.14B
EBITDA	607.33M	594.87M	643.98M	636.82M	648.39M	244.07M
Net Income	315.04M	327.43M	380.44M	342.07M	373.97M	81.33M
Balance Sheet
Total Assets	0	3.59B	3.41B	3.10B	2.37B	2.02B
Cash, Cash Equivalents and Short-Term Investments	204.53M	204.53M	311.35M	145.60M	127.85M	2.11M
Total Debt	0	266.93M	265.65M	259.26M	9.70M	34.60M
Total Liabilities	-2.60B	995.24M	1.05B	1.04B	602.35M	587.63M
Stockholders Equity	2.60B	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

Technical Analysis SentimentNegative

Last Price89.39

Price Trends

50DMA91.01Negative

100DMA96.95Negative

200DMA99.59Negative

Market Momentum

MACD-0.02Negative

RSI50.13Neutral

STOCH69.63Neutral

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 89.39 is above the 20-day moving average (MA) of 87.25, below the 50-day MA of 91.01, and below the 200-day MA of 99.59, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 50.13 is Neutral, neither overbought nor oversold. The STOCH value of 69.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LINC.

Linc Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:LINC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:DOMS	62Neutral	INR 110.76B	50.91	―	0.20%	19.94%	4.63%
IN:LINC	61Neutral	INR 5.32B	17.16	―	1.69%	-0.98%	-14.07%
IN:CONTROLPR	57Neutral	INR 9.23B	23.77	―	1.73%	10.89%	-59.82%
IN:FLAIR	56Neutral	INR 24.24B	17.39	―	0.43%	14.23%	14.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:REPRO	50Neutral	INR 4.31B	3.82	―	―	24.30%	―
IN:KOKUYOCMLN	46Neutral	INR 7.45B	34.14	―	0.41%	6.21%	―

* General Sector Average

Performance Comparison

IN:LINC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:LINC	Linc Limited	89.39	-38.72	-30.22%
IN:CONTROLPR	Control Print Limited	577.05	-143.54	-19.92%
IN:DOMS	DOMS Industries Limited	1825.10	-729.43	-28.55%
IN:FLAIR	Flair Writing Industries Limited	230.00	-79.14	-25.60%
IN:KOKUYOCMLN	Kokuyo Camlin Limited	74.30	-28.78	-27.92%
IN:REPRO	Repro India Limited	300.30	-265.70	-46.94%

Linc Limited Corporate Events

Linc Limited AGM Approves Accounts, Dividend and Key Governance Resolutions

Sep 17, 2026

Linc Limited convened its 32nd Annual General Meeting on September 17, 2026 via video conferencing, with Managing Director Deepak Jalan chairing the session and key board committee heads in attendance. Shareholders were provided with remote e-voting...

Linc Limited Flags Mixed FY26, Lifts Dividend Payout

Sep 17, 2026

Linc Limited’s managing director described fiscal 2026 as a year of mixed performance, with operating income of ₹532.07 crore remaining broadly flat and profit after tax at ₹36.61 crore, yielding a 6.9% margin. Management acknowledg...

Linc Limited Launches ‘Stackoo’ Experience Centre in Mumbai to Boost Retail Presence

Aug 30, 2026

Linc Limited has inaugurated a new retail outlet-cum-product experience centre under the “Stackoo” brand at SKY City Mall in Borivali East, Mumbai, marking a notable expansion of its physical retail footprint. Located in a prominent comme...

Linc Limited Clears Quarterly Results, Governance and Pay Changes

Aug 6, 2026

Linc Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with a limited review report from its auditors, signaling timely regulatory compliance and transparency in...

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.

Date of analysis: Oct 28, 2026

Linc Limited AI Stock Analysis