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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Writing instruments — domestic, Writing instruments — exports, Stationery and allied products, Turkey JV (Silka Linc). Branded consumer staples writing instruments; distribution-led with growing own-retail and joint-venture footprint
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 508 | 543 | 543 |
| EBITDA (ex other income) | 56 | 64 | 59 |
| margin % | 11.1 | 11.8 | 11.0 |
| Owners' profit | 0 | 38 | 33 |
| EPS, as reported (₹) | 23.00 | 6.40 | 5.50 |
| ROE % · ROCE % | 16.7 · 21.1 | 16.0 · 20.6 | 12.7 · 18.5 |
| Debt / equity (x) | 0.03 | 0.03 | 0.02 |
| Cash from operations | 38 | 57 | 33 |
| Capex | (28) | (17) | (38) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 137 | 122 | 154 | 137 | 139 | 129 | 138 | 139 |
| Profit before tax | 12 | 11 | 17 | 10 | 13 | 10 | 16 | 8 |
| Net profit | 9 | 9 | 12 | 7 | 8 | 7 | 10 | 6 |
| EPS (₹) | 5.91 | 1.47 | 2.05 | 1.18 | 1.42 | 1.15 | 1.76 | 0.98 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DOMS INDUSTRIES LIMITED | 12,866 | 59.2 | 9.88 | 30.6 | 18.4 | 22.7 | — | 12.9 |
| NAVNEET EDUCATION LTD | 2,805 | 7.5 | 133.64 | 507.2 | 17.6 | 20.2 | (54.0) | 27.5 |
| FLAIR WRITING INDUST LTD | 2,494 | 17.8 | 2.18 | 10.3 | 12.4 | 15.4 | — | 17.1 |
| KOKUYO CAMLIN LIMITED | 778 | — | 3.12 | 18.1 | 6.1 | 8.0 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Linc Limited seeks shareholder approval via postal ballot and e-voting | compliance | minimal | — | — |
| 7 Sept 2026 · Postal ballot: Director re-appointment and related party salary revision | board shareholder meetings | low | — | — |
| 30 Aug 2026 · New Stackoo brand experience centre opens at Sky City Mall, Mumbai | business updates | medium | — | — |
| 25 Aug 2026 · Linc Limited shares weblink for 32nd AGM notice and FY26 annual report | compliance | minimal | — | — |
| 25 Aug 2026 · Newspaper publication of 32nd AGM and remote e-voting details | compliance | minimal | — | — |
| 24 Aug 2026 · TDS communication on FY26 dividend of Rs 1.50 per share | corporate actions | high | — | — |
| 24 Aug 2026 · Linc Limited 32nd AGM on Sept 17, 2026; annual report for FY2025-26 filed | board shareholder meetings | medium | — | — |
| 24 Aug 2026 · Notice of 32nd AGM on 17 September 2026 | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Record Date fixed at 10 Sep 2026 for dividend, AGM on 17 Sep | corporate actions | high | — | — |
| 10 Aug 2026 · Linc Q1 FY27 transcript: margins under pressure from polymer costs | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| LINC LIMITED ◆ |
| 567 |
| 18.0 |
| 2.18 |
| 8.3 |
| 12.7 |
| 17.4 |
| — |
| 9.0 |
| ALKOSIGN LIMITED | 70 | 5.9 | — | — | — | 4.9 | — | — |
| KSHITIJ POLYLINE LIMITED | 57 | 15.1 | 0.91 | 9.3 | 6.1 | 6.1 | — | 12.4 |
| SUNDARAM MULTI PAP LTD | 57 | — | 0.59 | 5.6 | (0.1) | (0.1) | — | 21.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.0 | 15.1 | 6 of 7 | 17% |
| P/B | 2.2 | 2.2 | 4 of 8 | 43% |
| ROCE | 17.4 | 8.0 | 3 of 9 | 75% |
| ROE | 12.7 | 9.3 | 3 of 8 | 71% |
| Debt / Equity | 0.0 | 0.2 | 2 of 8 | 86% |
| EBITDA margin | 9.0 | 15.0 | 6 of 6 | 0% |
| Revenue growth | 1.4 | 6.0 | 4 of 6 | 40% |
| Profit growth | (14.5) | (4.9) | 5 of 6 | 20% |
| Market cap | 567 | 567 | 5 of 9 | 50% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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