Want to see IN:LINC full AI Analyst Report?
Top Page
Linc Limited
(LINC)
Select Model
Select Model
Rating:56Neutral
Price Target:
₹95.00
▼(-7.32% Downside)
Action:Reiterated
Date:09/26/26
The score is driven primarily by mixed financial performance: a strong, low-leverage balance sheet and improved profitability are positives, but volatile growth and a sharp deterioration to negative free cash flow in 2026 are meaningful risks. Technical indicators add downside pressure (price below key moving averages and negative MACD). Valuation is reasonable with a modest dividend yield, but not enough to offset the cash flow variability and weak trend.
Positive Factors
Low Leverage
Conservative leverage gives Linc greater financial flexibility as it advances or monetises resource projects. A modest debt burden reduces balance-sheet strain, limits financing pressure, and leaves more capacity to withstand uneven project receipts or fund future development.
Negative Factors
Irregular Revenue Model
Reliance on asset transactions and other irregular project receipts makes revenue less predictable than a recurring operating-sales model. This can create uneven funding availability, complicate planning, and make sustained growth dependent on successful project monetisation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Conservative leverage gives Linc greater financial flexibility as it advances or monetises resource projects. A modest debt burden reduces balance-sheet strain, limits financing pressure, and leaves more capacity to withstand uneven project receipts or fund future development.
Read all positive factors
Linc Limited (LINC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.24B
Dividend Yield1.74%
Average Volume (3M)1.61K
Price to Earnings (P/E)16.4
Beta (1Y)1.03
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. Volume2,123
30 Day Avg. Volume1,612
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
Negative
102.50
Price Trends
94.58
Negative
98.52
Negative
101.51
Negative
Market Momentum
-2.13
Positive
33.56
Neutral
23.28
Neutral
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 102.5 is above the 20-day moving average (MA) of 91.74, above the 50-day MA of 94.58, and above the 200-day MA of 101.51, indicating a bearish trend. The MACD of -2.13 indicates Positive momentum. The RSI at 33.56 is Neutral, neither overbought nor oversold. The STOCH value of 23.28 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹9.94B | 25.45 | ― | 1.61% | 10.89% | -59.82% | |
62 Neutral | ₹24.06B | 17.19 | ― | 0.44% | 14.23% | 14.77% | |
60 Neutral | ₹125.84B | 57.51 | ― | 0.33% | 19.94% | 4.63% | |
56 Neutral | ₹5.24B | 16.38 | ― | 1.74% | -0.98% | -14.07% | |
56 Neutral | ₹7.52B | 33.18 | ― | 0.41% | 6.21% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹4.26B | 4.33 | ― | 0.62% | 10.06% | ― |
* General Sector Average
IN:LINC
Linc Limited
87.00
-36.48
-29.54%
IN:CONTROLPR
Control Print Limited
619.60
-143.82
-18.84%
IN:DOMS
DOMS Industries Limited
2,059.45
-493.43
-19.33%
IN:FLAIR
Flair Writing Industries Limited
227.55
-89.91
-28.32%
IN:KOKUYOCMLN
Kokuyo Camlin Limited
73.23
-32.39
-30.67%
IN:REPRO
Repro India Limited
296.80
-207.70
-41.17%
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-voti...
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 acknowl...
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.