Linc Ltd. share price target and research reports

16 Aug 2024

94.19

-4.33%

Linc Ltd - Writing a new chapter

Buy: Linc Ltd.

Target

Monarch Networth Capital Limited

17 Oct 2023

94.19

-4.33%

Linc Limited - Writing a new chapter

Buy: Linc Ltd.

Monarch Networth Capital Limited

13 Jun 2019

94.19

-4.33%

Linc Pen & Plastics

Hold: Linc Ltd.

Target

ICICI Securities Limited

Digitisation takes toll, limited volume growth on offer Linc is a writing instrument player manufacturing pens and associated consumables domestically. It derives ~75% of its sales from the domestic market and the rest ~25% of sales from exports. With increasing penetration of digitisation, the core writing instrument market is not growing globally with growth limited to ~10% in the domestic market, the size of which is pegged at ~| 4,100 crore (FY17). Domestic growth is supported by rising literacy rates and higher share of school going population. Going forward,...

05 Jul 2018

94.19

-4.33%

Linc Pen & Plastics

Hold: Linc Ltd.

Target

ICICI Securities Limited

Linc Pen & Plastics (Linc) posted a muted Q4FY18 performance, primarily tracking headwinds in export markets coupled with a slower-than-expected rebound in domestic segment. On the margin front, Linc witnessed compression due to increase in crude price as crude derivatives form ~40% of raw material costs (~65% of sales) Net sales for the quarter came in at | 103.4 crore, down 1.5% EBITDA in Q4FY18 was at | 8.5 crore with corresponding EBITDA margins at 8.2%, down 130 bps YoY. PAT in Q4FY18 was at | 3.1...

16 Jan 2018

94.19

-4.33%

Linc Pen & Plastics

Hold: Linc Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Linc Pen & Plastics (Linc) witnessed stellar price appreciation in the recent past with the stock up 100% from lows in September 2017. A part of the journey is explained by the scarcity of profitable names in the writing instrument category in the listed space and reference to last M&A; activity involving Cello Pens (acquired by BIC Pens, France) However, Linc's financial performance has been weak with H1FY18 sales at | 146 crore, down 16% YoY, EBITDA at | 9.9 crore with...

14 Sep 2017

94.19

-4.33%

Linc Pen & Plastics

Hold: Linc Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Linc Pen & Plastics (Linc) posted a muted Q1FY18 performance, largely tracking a decline in exports (down 50% YoY) on account of currency appreciation and trade barriers in its key export markets. Domestic sales also came in lower on account of de-stocking ahead of the implementation of new indirect tax regime i.e. GST Net sales in Q1FY18 were at | 67.5 crore, down 22.4% YoY EBITDA for the quarter came in at | 2.9 crore with corresponding...

12 Jan 2017

94.19

-4.33%

Linc Pen & Plastics

Buy: Linc Ltd.

ICICI Securities Limited

11 Aug 2016

94.19

-4.33%

Linc Pen & Plastics Ltd

Accumulate: Linc Ltd.

Recommendation Target

Angel Broking

For 1QFY2017, Linc Pen & Plastics Ltd (LPPL)’ results have come in in line of our estimates on the top-line as well as the bottom-line front. Its top-line grew 10% yoy while on the operating front, the company reported margin improvement, primarily on account of lower raw material costs. Further, the net profit grew by ~17% yoy to `4.4cr aided by higher sales growth and a strong operating performance. Angel Broking recommend an Accumulate rating on the stock with a target price of `283.

27 May 2016

94.19

-4.33%

Linc Pen & Plastics Ltd

Buy: Linc Ltd.

Recommendation Target

Angel Broking

For 4QFY2016, Linc Pen & Plastics Ltd (LPPL) outperformed our estimates on both the top-line and the bottom-line front. The company's top-line for the quarter grew 13% yoy. On the operating front, the company reported margin improvement, primarily on account of lower raw material costs. Further, the net profit grew by ~65% yoy to Rs6...