Linc Limited (LINC) Fair Value & Analysis

Industrials · IN · Market cap ₹5.7B (≈ $60.2M) · ISIN INE802B01019

What is Linc Limited really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• A fairly wide model range (₹73.98 to ₹137.40) leaves room in how you read the outcome.
• The price sits in the lower half of our model range, the side with the larger margin of safety.
• The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ₹35.71 – ₹210.59 · fair‑value band ₹73.98 – ₹137.40 · the ₹95.21 price screens below the ₹105.69 fair value. Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Linc Limited (LINC) currently trades at ₹95.21, while our model-based Fair Value estimate is ₹105.69, implying the stock looks roughly 9.9% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ₹105.69 per share, and 6 of the 15 models we run sit above the ₹95.21 price. Bear case: the Asset-Based group reads lowest at ₹29.03, and 9 of the 15 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Linc Limited generated revenue of ₹5.4B at a net margin of 5.8%. Revenue grew 1.4% year over year. It earns a return on equity of 13.3%. Net debt stands at ₹29.0M. Fundamentals as of Aug 21, 2026

Our scenario range runs from ₹73.98 (bear case) to ₹137.40 (bull case); at ₹95.21, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −62% fair-value upside, at 11%, LINC screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ₹3.62 per share, which is 3.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: Growth Earnings (₹105.69) versus Asset-Based (₹29.03). Highest evidence: Owner Earnings (76).

Key figures & financial health

Quality Score breakdown

About the company

Linc Limited manufactures and sells writing instruments and stationery products in India and internationally. The company offers gel, ball, roller, retractable, and fountain pens; adhesive products, such as glue and gum sticks, and sticky notes; calculators; desk supplies comprising push pins, thumb tacks, office pins, paper clips, calling bells, cutters, …

Full company description

Linc Limited manufactures and sells writing instruments and stationery products in India and internationally. The company offers gel, ball, roller, retractable, and fountain pens; adhesive products, such as glue and gum sticks, and sticky notes; calculators; desk supplies comprising push pins, thumb tacks, office pins, paper clips, calling bells, cutters, desk organizers, binder clips, scissors, business card holders, pen holders, clip dispensers, and markers; pencils and mechanical pencils; and files and folders. It also provides school stationery products, such as pencil sharpeners, stationery sets, colored pencils, plastic crayons, and oil pastels; and stationery organizer products comprising file bag snaps, PVC view zip bags, magazine holders, and magnifiers, as well as imports and distributes stationery products. The company offers its products to students and adults under the Linc, Pentonic, Uniball, and Deli brands. It also exports its products to approximately 50 countries. The company was formerly known as Linc Pen & Plastics Limited and changed its name to Linc Limited in October 2021. Linc Limited was incorporated in 1976 and is headquartered in Kolkata, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Linc Limited reported revenue of ₹5.4B in FY2025 versus ₹3.5B in FY2021, a compound +11.2%/yr. Reported net income was ₹327M in FY2025, compounding +41.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

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Peer Group

Business Equipment & Supplies · 74 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Insider activity: 46/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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