LINC LIMITED

Manufactures and sells writing instruments — including the Pentonic ball pen range priced across INR20-40 and above — and allied stationery products, primarily in India and through overseas exports. FY26 operating income was ₹543 crores, with Q4 at ₹137.67 crores (down 10.6% year-on-year), hurt by muted corporate gifting orders and roughly 25% Q4 export decline tied to Middle East geopolitical disruptions (also flagged in Russia, Sudan, Myanmar). The general-trade sales team has been split into mass-distribution and premium-urban verticals from April 2026, adding 125 frontline hires to a base of about 350, with two to three new product launches planned for the under-indexed Pentonic INR20+ range. The company runs a Turkish joint venture Silka Linc (FY26 turnover ₹11.52 crores, 50:50 with Silka Kirtasiye) where an additional USD 250,000 investment is underway, and a joint venture with Mitsubishi Pencil for writing instruments; a new manufacturing facility in West Bengal is on track for Q3 FY27 commissioning, tied to the Morris subsidiary. It is opening own-brand retail outlets under the Stackoo banner, starting with Park Street, Kolkata (26 July 2026) and Sky City Mall, Borivali, Mumbai (planned August 2026). The biggest cost line is materials at 20.3% of revenue, with polymer price inflation flagged as a near-term pressure that management says cannot be fully passed through to customers immediately.