LINC LIMITED (LINC): Financials & Fundamentals History

Share Price

₹90.95

P/E

17.2x

ROCE

19.0%

Market Cap

₹541 cr

Revenue (TTM)

₹545 cr

P/S

1.0x

P/B

2.1x

ROE

12.2%

Operating Margin

8.7%

Debt / Equity

0.1x

Promoter Holding

61.0%

12M Momentum

-29.9%

P/E vs its own history17th percentilesince Jun '24

P/E vs Consumer Non-Durables0.7xthe sector median

52-week range

₹75.81₹131.50

27% of the way from its 52-week low to its high

Price risk

1Y volatility

46.9%

Beta vs sector

1-year daily

0.75

Balance sheet & cash

Interest cover

operating profit ÷ interest

15.9x

Cash from profit, 3Y

operating cash flow ÷ net profit

1.22x

Share count, 1Y

unchanged

Was the rally earned?

-30%share price, 1 yearEarnings and multiple

Both mattered.

Per-share earnings took off 13 points and the multiple took off 17 points (P/E 21.0x to 17.2x).
The share count barely moved.

Net profit growth-12 ptsNet profit fell about 14%, which lowers the price.

P/E change-17 ptsThe P/E fell from 21.0x to 17.2x, which lowers the price.

Share count change-1 ptsShare count was little changed. More shares would count against the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with WELSPUN LIVING

Is it expensive against its own past and its peers?

17.2xP/E todayNear its historic low

Against its own history17th percentileMedian 20.0x; usual range 16.9x to 27.6x since 2024-06.

Against Consumer Non-Durables17.2x vs 25.4xBelow the Consumer Non-Durables median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Non-Durables median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dashed line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Consumer Non-Durables is valued

What is the price implying?

~12%annual earnings growth implied by the price

At a P/E of 17.2x, the price would imply about 11.9%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Consumer Non-Durables The market-wide Expectations lists

What changed?

Oct '26Fell 64% from the Oct 2023 peak to the Oct 2026 low.
Oct '26Volume reached 20.0x its 50-day median on 2026-10-23; price +17.4% that day.
Sep '26P/E fell below the 10th percentile of its own history to date (16.7x).
Sep '26Slipped to the 3rd quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
Sep '26Volume reached 9.5x its 50-day median on 2026-09-21; price -0.3% that day.
Jun '26Slipped to the 2nd quartile of Consumer Non-Durables on ROCE (from the top quartile).
Apr '26Volume reached 35.8x its 50-day median on 2026-04-28; price +9.2% that day.
Mar '26Year-on-year EPS growth turned negative.

Show 22 earlier events

Jan '26Volume reached 7.4x its 50-day median on 2026-01-02; price +9.7% that day.
Dec '25Slipped to the 3rd quartile of Consumer Non-Durables on EPS growth (from the 2nd quartile).
Oct '25Volume reached 8.1x its 50-day median on 2025-10-20; price +5.5% that day.
Sep '25Slipped to the 3rd quartile of Consumer Non-Durables on operating margin (from the 2nd quartile).
Sep '25Volume reached 5.1x its 50-day median on 2025-09-04; price +4.6% that day.
Jun '25Revenue (TTM) reached a new high of ₹543 cr.
Jun '25Moved into the 2nd quartile of Consumer Non-Durables on operating margin (from the 3rd quartile).
May '25Volume reached 15.0x its 50-day median on 2025-05-13; price +15.2% that day.
Mar '25Volume reached 6.4x its 50-day median on 2025-03-19; price +8.1% that day.
Dec '24Volume reached 21.6x its 50-day median on 2024-12-16; price +9.5% that day.
Aug '24Volume reached 20.8x its 50-day median on 2024-08-28; price +4.6% that day.
Apr '24Volume reached 13.6x its 50-day median on 2024-04-08; price +7.3% that day.
Feb '24Volume reached 9.1x its 50-day median on 2024-02-15; price +9.3% that day.
Nov '23Volume reached 10.0x its 50-day median on 2023-11-03; price -12.9% that day.
Sep '23Volume reached 8.3x its 50-day median on 2023-09-07; price +3.9% that day.
Apr '23Volume reached 8.5x its 50-day median on 2023-04-05; price +10.2% that day.
Feb '23Volume reached 9.4x its 50-day median on 2023-02-03; price +2.0% that day.
Nov '22Regained the 2022-02 peak, 5 months after the low.
Nov '22Volume reached 98.6x its 50-day median on 2022-11-10; price +15.1% that day.
Aug '22Volume reached 58.1x its 50-day median on 2022-08-11; price -5.8% that day.
Jun '22Fell 29% from the Feb 2022 peak to the Jun 2022 low.
Apr '22Volume reached 6.9x its 50-day median on 2022-04-22; price +2.3% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Are profits backed by cash?

4 of 7 checks are within range, 3 near a threshold.
Tap a check to see how it is measured.

Other income reliance16%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 15.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.7%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.22xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.22x (cash from operations ₹128 cr, net profit ₹105 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 3 yrsNear threshold

Fiscal years with positive free cash flow in the last 3: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-3 daysWithin range

Debtor days are below the median of the previous three fiscal years by 3 days (34 vs 37). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress32% of fixed assetsNear threshold

Capital work-in-progress is 32% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-10 days / 2 yrsWithin range

Days payable changed by -10 over two years. Bands: rise of up to 30 days; more than 30 days.

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 2 years, promoters added 1.6 pts.
The number of shareholders rose from 9,694 to 17,742 (+83%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change

Promoters59.4%61.0%+1.6 pts

FIIs1.4%0.9%-0.5 pts

DIIs0.4%0.0%-0.4 pts

Public and others38.8%38.0%-0.7 pts

Number of shareholders

17,742shareholders+83% since Dec '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

How rough has the ride been?

Maximum drawdown-64.5%not yet recovered

1-year volatility46.9%annualised

Beta vs sector index0.583-year daily, correlation 0.17

Volume spikes7last 90 sessions, 5x the 50-day median

Monthly share price

Last 90 trading days

Drawdown from peak

Largest drawdowns

-64.5% (2023-10 peak to 2026-10 low, not yet recovered)

-61.0% (2019-01 peak to 2020-03 low, recovered 2022-01)

-29.3% (2022-02 peak to 2022-06 low, recovered 2022-11)

Most recent volume spikes

2026-10-27: 6.7x the 50-day median, price +13.8% that day

2026-10-26: 6.2x the 50-day median, price -5.8% that day

2026-10-23: 20x the 50-day median, price +17.4% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Consumer Non-Durables peers?

Each cell is the company's percentile rank among its Consumer Non-Durables peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Nov '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Oct '26

Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Consumer Non-Durables sector page Watch it move against Consumer Non-Durables in the Observatory

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

Company	Sector	Similarity	Closest on
FABTECH TECHNOLOGIES (FABTECH)	Industrial Services	61%	market cap, revenue
RNFI SERVICES (RNFI)	Technology Services	60%	volatility, promoter holding
ECOS IND MOBandHOSPITALITY (ECOSMOBLTY)	Consumer Services	58%	market cap, operating margin
SAHANA SYSTEM (SAHANA)	Technology Services	58%	debt/equity, P/E
VIKRAN ENGINEERING (VIKRAN)	Industrial Services	58%	operating margin, P/E
GANESH CONSUMER PRODUCTS LIMIT (GANESHCP)	Consumer Non-Durables	77%	ROCE, market cap
ASSOCIATED ALCOHOLS & BREWERIE (ASALCBR)	Consumer Non-Durables	67%	debt/equity, promoter holding
SHRI AHIMSA NATURALS (SHRIAHIMSA)	Consumer Non-Durables	49%	debt/equity, ROCE

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What happened next to similar setups

+1.2%typical 12-month return vs the marketNot meaningfully different from the base rate

We found 50 past situations where a non-financial company looked like LINC LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −19% to +44% vs the market, against −2% for all non-financial companies in the same months.
The gap against the base rate (+2.7%, 80% range −6.6% to +7.4%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 7 beyond the range shown, drawn at the edge

Similar setups' median

+1.2%

All companies' median

−1.5%

Beat the market

54% vs 48%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
AVTNPL Consumer Non-Durables	Jan 2025	25x	16%	−18%	−32%	−17%
VSSL Non-Energy Minerals	Oct 2024	22x	—	+24%	−20%	+5%
PLASTIBLEN Process Industries	Jul 2021	19x	16%	+69%	−7%	−28%
BUTTERFLY Consumer Durables	Sep 2025	34x	15%	−30%	−32%	−20%
MATRIMONY Technology Services	Jul 2025	26x	19%	−20%	−37%	−22%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
HERITGFOOD Consumer Non-Durables	Dec 2022	18x	21%	−12%	−20%	+31%
ALLDIGI Technology Services	May 2023	19x	22%	−3%	−19%	+56%
DICIND Process Industries	Jul 2022	16x	15%	−22%	−28%	+4%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to LINC LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-10-30. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 97,430 company-months from 2000 companies; financial: 5,632 company-months from 106 companies. 2240 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Monthly history (29 months)

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-10	17.2x	₹545 cr	12.2%	19.0%	0.1x
2026-09	16.7x	₹545 cr	12.4%	19.0%	0.1x
2026-08	17.2x	₹543 cr	12.8%	19.0%	0.1x
2026-07	18.5x	₹543 cr	12.8%	19.0%	0.1x
2026-06	20.3x	₹543 cr	12.8%	19.0%	0.1x
2026-05	17.2x	₹559 cr	14.6%	22.0%	0.1x
2026-04	17.4x	₹559 cr	14.6%	22.0%	0.1x
2026-03	15.0x	₹559 cr	14.6%	22.0%	0.1x
2026-02	17.5x	₹552 cr	15.3%	22.0%	0.1x
2026-01	18.2x	₹552 cr	15.3%	22.0%	0.1x
2025-12	17.7x	₹552 cr	15.3%	22.0%	0.1x
2025-11	20.0x	₹550 cr	15.5%	22.0%	0.1x
2025-10	21.0x	₹550 cr	15.5%	22.0%	0.1x
2025-09	19.8x	₹550 cr	15.5%	22.0%	0.1x
2025-08	20.3x	₹543 cr	16.1%	22.0%	0.1x
2025-07	20.8x	₹543 cr	16.1%	22.0%	0.1x
2025-06	24.2x	₹543 cr	16.1%	22.0%	0.1x
2025-05	24.1x	₹530 cr	18.3%	—	0.1x
2025-04	16.9x	₹530 cr	18.3%	—	0.1x
2025-03	16.2x	₹530 cr	18.3%	—	0.1x
2025-02	17.6x	₹532 cr	17.8%	—	0.1x
2025-01	22.2x	₹532 cr	17.8%	—	0.1x
2024-12	26.3x	₹532 cr	17.8%	—	0.1x
2024-11	27.6x	₹508 cr	16.6%	—	0.1x
2024-10	27.8x	₹508 cr	16.6%	—	0.1x
2024-09	30.5x	₹508 cr	16.6%	—	0.1x
2024-08	28.8x	₹508 cr	16.6%	—	0.1x
2024-07	26.2x	₹508 cr	16.6%	—	0.1x
2024-06	25.1x	₹508 cr	16.6%	—	0.1x

Methodology and data notes