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Linc Limited
(LINC)
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Rating:63Neutral
Price Target:
₹101.00
▼(-1.46% Downside)
Action:Reiterated
Date:06/25/26
The score is primarily supported by a strong, low-leverage balance sheet and improved profitability versus earlier years, but is capped by inconsistent operating performance and weak cash-flow reliability (negative free cash flow in 2026). Technicals are supportive on trend but appear overbought, while valuation and dividend yield provide only modest support.
Positive Factors
Low Leverage
Conservative leverage gives Linc financial flexibility to fund projects, absorb operating volatility, and manage obligations without excessive reliance on creditors. This strengthens resilience over the next several quarters, although debt has increased from a very low base.
Negative Factors
Volatile Revenue Growth
The changing revenue pattern shows that Linc lacks consistently compounding top-line momentum. A recent decline after earlier growth makes future earnings less predictable and may complicate resource-project planning, budgeting, and the ability to sustain profitability through operating sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Conservative leverage gives Linc financial flexibility to fund projects, absorb operating volatility, and manage obligations without excessive reliance on creditors. This strengthens resilience over the next several quarters, although debt has increased from a very low base.
Read all positive factors
Linc Limited (LINC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.66B
Dividend Yield1.61%
Average Volume (3M)2.34K
Price to Earnings (P/E)17.9
Beta (1Y)1.16
Revenue Growth-0.98%
EPS Growth-14.07%
CountryIN
Employees1,063
SectorGeneral
Sector StrengthN/A
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)5.30
Shares Outstanding59,489,162
10 Day Avg. Volume1,465
30 Day Avg. Volume2,340
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)6.2
Revenue Forecast (FY)₹5.67B
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
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, thro...
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 | 5.45B | 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 | 0.00 | 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 | 0.00 | 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
Neutral
102.50
Price Trends
101.84
Negative
101.63
Negative
105.65
Negative
Market Momentum
-1.68
Negative
42.84
Neutral
23.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LINC, the sentiment is Neutral. The current price of 102.5 is above the 20-day moving average (MA) of 96.37, above the 50-day MA of 101.84, and below the 200-day MA of 105.65, indicating a bearish trend. The MACD of -1.68 indicates Negative momentum. The RSI at 42.84 is Neutral, neither overbought nor oversold. The STOCH value of 23.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹9.48B | 24.34 | ― | 1.69% | 10.89% | -59.82% | |
63 Neutral | ₹5.66B | 17.93 | ― | 1.61% | -0.98% | -14.07% | |
62 Neutral | ₹25.66B | 18.30 | ― | 0.41% | 14.23% | 14.77% | |
60 Neutral | ₹134.00B | 61.65 | ― | 0.31% | 19.94% | 4.63% | |
56 Neutral | ₹8.05B | 36.47 | ― | 0.38% | 6.21% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | ₹4.58B | 4.72 | ― | 0.62% | 10.06% | ― |
* General Sector Average
IN:LINC
Linc Limited
96.00
-35.62
-27.06%
IN:CONTROLPR
Control Print Limited
599.80
-172.63
-22.35%
IN:DOMS
DOMS Industries Limited
2,200.55
-396.30
-15.26%
IN:FLAIR
Flair Writing Industries Limited
240.15
-98.78
-29.14%
IN:KOKUYOCMLN
Kokuyo Camlin Limited
78.95
-36.44
-31.58%
IN:REPRO
Repro India Limited
323.10
-141.55
-30.46%
Linc Limited Corporate Events
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 co...
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 ...
Linc Limited Launches First ‘Stackoo’ Experience Centre in Kolkata
Jul 26, 2026
Linc Limited has inaugurated its first Retail Outlet-cum-Product Experience Centre under the brand “Stackoo” at 24 Park Street in central Kolkata. Located near key educational institutions and residential areas, the store is positioned...
Linc Limited Files SEBI Compliance Certificate for June Quarter
Jul 4, 2026
Linc Limited has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 June 2026. The certificate, issued by its registrar and share transfer agent Maheshwa...
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.