Linc Ltd
NSE:LINC
Linc Ltd
Linc Ltd. engages in the manufacture and distribution of ball point pen. The company is headquartered in Kolkata, West Bengal. The firm offers a range of products in domestic markets, which include Gel Pen, Ball Pen, Stationery, Notebook, and Files and Folders. Under Files and Folders, it offers Zipper bag, Polyvinyl chloride (PVC) Mesh Zipper Bag Check, PVC Mesh Zipper Bag A4, Multi-Function Expanding File, Elastic Expanding File, Collection Pocket and Assorted Poly Zipper Bag. In international markets, the Company offers Retractable Ball Pen, Stick Pen, Stationery, Packaging, and POP. Under POP, the Company offers T-shirt and Cap, Chain Bag, Umbrella, Carton Tape, Poly Bag, Writing Pads, Hand Towel, Square Pen Stand, Dangler, Posters, Beat Sticker, Key Chain and Foam Banner. The firm also offers personalized office business stationery. Its manufacturing operations are conducted in two manufacturing facilities: Falta special economic zone (SEZ) and Serakole on the outs
Linc Ltd. engages in the manufacture and distribution of ball point pen. The company is headquartered in Kolkata, West Bengal. The firm offers a range of products in domestic markets, which include Gel Pen, Ball Pen, Stationery, Notebook, and Files and Folders. Under Files and Folders, it offers Zipper bag, Polyvinyl chloride (PVC) Mesh Zipper Bag Check, PVC Mesh Zipper Bag A4, Multi-Function Expanding File, Elastic Expanding File, Collection Pocket and Assorted Poly Zipper Bag. In international markets, the Company offers Retractable Ball Pen, Stick Pen, Stationery, Packaging, and POP. Under POP, the Company offers T-shirt and Cap, Chain Bag, Umbrella, Carton Tape, Poly Bag, Writing Pads, Hand Towel, Square Pen Stand, Dangler, Posters, Beat Sticker, Key Chain and Foam Banner. The firm also offers personalized office business stationery. Its manufacturing operations are conducted in two manufacturing facilities: Falta special economic zone (SEZ) and Serakole on the outs
Modest Growth: Linc Limited reported operating income of INR 129.29 crores for Q3 FY '26, representing 5.8% year-on-year growth.
Margin Pressure: Operating EBITDA margin was 10%, impacted by a one-time increase in employee benefit expenses due to changes in labor regulations. Excluding this, the margin would have been about 10.7%.
Net Profit Decline: PAT for the quarter was INR 6.77 crores, with a margin contraction of 191 basis points year-on-year, mainly due to lower operating margin and JV losses.
Volume Up, Realizations Down: Pen volumes grew around 20% year-on-year to 16.4 crores, but average selling price dropped from INR 6.3 to INR 5 due to a shift towards lower-priced products.
Stable Exports: Exports contributed roughly 20% of revenue, but the overall annual export run rate remains flat at around INR 100 crores due to regional market challenges.
JV and Expansion Updates: International joint ventures and new products are showing early positive signs, though most remain in the investment phase. The Bengal plant is delayed and now expected to be operational in Q1 FY '27.
Cash Generation: Operating cash flow was INR 33.81 crores, with a net free cash position of INR 10.14 crores and improved asset turnover.
