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Linc Limited (LINC) Fair Value & Analysis

Industrials · IN · Market cap ₹6.7B

LL Linc Limited LINC · NSE
Price₹112.91
Fair Value₹104.42
Upside-7.5%
Quality46/100
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Evidence: High Range ₹73.09 – ₹135.74

Fair value as of: Jul 3, 2026

From 16 valuation models · updated today

Share price +11.9% over the past month.

Price vs Fair Value (12 months)

₹154.68 ₹87.62 Fair Value ₹104.42 Jun 2025 Jul 2026

12‑month range ₹87.62 – ₹154.68 · fair‑value band ₹73.09 – ₹135.74 · the ₹112.91 price screens above the ₹104.42 fair value. As of Jul 3, 2026.

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Analysis

Linc Limited (LINC) currently trades at ₹112.91, while our model-based Fair Value estimate is ₹104.42 — implying the stock looks roughly 7.5% overvalued today. We read business quality at 46/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Linc Limited generated revenue of ₹5.4B at a net margin of 6.0%. Revenue declined 10.6% year over year. It earns a return on equity of 13.3%. Net debt stands at ₹62.4M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹5.4B
Revenue growth (YoY) -10.6%
Net margin 6.0%
Return on equity 13.3%
Free cash flow −₹39.7M FY2025
P/E ratio 20.4
More key figures
Operating margin 10.2%
EPS (TTM) ₹5.50
Dividend yield 1.4%
EPS growth (YoY) -13.7%
Net debt ₹62.4M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Linc Limited manufactures and sells writing instruments and stationeries in India and internationally. The company offers adhesive products, such as glue sticks, index tabs, invisible tapes, liquid glue, and sticky notes; calculators; desk supplies comprising office consumables and products, paper cutters, pen holders, and scissors; pencil; and school stationery, such as coloring products, instrument box, rotary sharpeners, and stationery sets. It also provides stationery organizer which includes desk organizer, file bag, magazine container, magnifier, and zip bag; and writing instruments consisting of ball, gel, marker, and roller pens. The company offers its products under the Swype, Pentonic, Linc, Uniball, and Deli brands. It also exports its products. 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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Linc Limited reported revenue of ₹5.4B in FY2025 versus ₹3.5B in FY2021, a compound +11.5%/yr. Reported net income was ₹327M in FY2025, compounding +41.6%/yr from FY2021.

Revenue +11.5%/yr
FY21 ₹3.5B
FY22 ₹4.8B
FY23 ₹5.0B
FY24 ₹5.4B
FY25 ₹5.4B
Net income +41.6%/yr
FY21 ₹81.3M
FY22 ₹374M
FY23 ₹342M
FY24 ₹380M
FY25 ₹327M

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Similar stocks

6 more Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
Ricoh Company RICOF $9.19 $12.85 +40%
Brother Industries, Ltd BRTHY $45.50 $75.34 +66%
GRG Banking Equipment Co 002152 ¥10.14 ¥7.62 -25%
Shanghai M&G Stationery Inc 603899 ¥21.47 ¥30.05 +40%
Kokuyo Co KUKYF $5.59 $5.23 -6%
Konica Minolta, Inc KNCAF $4.00 $6.08 +52%

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Frequently asked questions

Is Linc Limited (LINC) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹104.42 versus a price of ₹112.91 — about −8% (overvalued). Model-based estimate, not financial advice.
What is the fair value of LINC?
Our model-based fair value for Linc Limited is ₹104.42 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹112.91.
What is the quality score of LINC?
Linc Limited has a Quality Score of 46/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Linc Limited (LINC)?
Linc Limited reported trailing-twelve-month revenue of about ₹5.4B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of LINC?
The net profit margin of Linc Limited is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.
Does Linc Limited pay a dividend?
Linc Limited currently shows a dividend yield of about 1.35% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.