🔍

Linc Limited (LINC)

₹88.99 -0.40% last close, 16 Oct

📊 NSE: LINC 🏢 Printing & Stationery 📢 Latest filing: 08 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Linc's revenue was ₹139 Cr (+1.4% year on year, +0.7% on the previous quarter), and net profit ₹6.0 Cr (-13.6% year on year); the operating margin was 8.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹139	+1.4%	+0.7%
Operating profit	₹12.1	-7.0%	-32.8%
Net profit	₹6.0	-13.6%	-39.5%
EPS (₹)	0.98	-17.6%	-44.3%
Operating margin	8.7%	—	—

Full quarterly financials → Results calendar →

LINC delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 56.54% of the LINC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 73.44%. That is lower than usual for this stock. Turnover was only ₹12 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.

56.54%Delivery, 16 Oct

73.44%Own 20-session average

0.4×Volume vs its average

₹88.99NSE close · -0.40%

Delivery in the last 5 sessions: 91.5% · 65.5% · 59.6% · 51.8% · 56.5%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Linc Shareholders Approve Independent Director Re-Appointment and Salary Hikes via Postal Ballot

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Oct 2026, 03:46 PM

Linc Limited announced the results of its Postal Ballot concluded on October 7, 2026. Shareholders approved all three proposed resolutions with requisite majority, including the re-appointment of Sanjay Jhunjhunwalla as Non-Executive Independent Director for 5 years with 99.66% votes in favour. Additionally, salary increases for Senior Managers Aakash Aloke Jalan and Utkarsh Aloke Jalan received approval with 98.59% votes in favour each, despite ~77.14% of institutional votes cast being against their salary increments.

Re-appointment of Sanjay Jhunjhunwalla as Independent Director passed with 99.6612% favourable votes (38,306,478 votes).
Salary hike for Aakash Aloke Jalan approved with 98.5935% overall votes, though institutional voters cast 77.1414% against (343,996 votes).
Salary hike for Utkarsh Aloke Jalan similarly approved with 98.5917% overall votes and 77.1414% institutional votes against.
Total remote e-voting window was open from September 8, 2026, to October 7, 2026, across 18,207 registered shareholders on the cutoff date.

💡 Track the upcoming quarterly financial results (Q2 FY27) to assess operational performance and cost structures including employee benefit expenses.

Linc AGM Approves Rs 1.50/Share Dividend and Material Related Party Transactions

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Sep 2026, 04:20 PM

Linc Limited announced the voting results of its 32nd Annual General Meeting held on September 17, 2026. Shareholders approved all four resolutions with overwhelming majorities, including the declaration of a dividend of Rs. 1.50 per equity share (30% on Rs. 5 face value) with 99.9995% votes in favor. Other approved resolutions include the adoption of FY26 financial statements, the reappointment of Director Rohit Deepak Jalan, and approval for material related party transactions.

Declared dividend of Rs. 1.50 per equity share of face value Rs. 5 each (30%) approved with 99.9995% votes in favor
Approval of Material Related Party Transactions passed with 99.9847% votes in favor (3,83,12,024 votes)
Reappointment of Director Rohit Deepak Jalan approved with 99.9087% votes in favor
Overall shareholder turnout for the main resolutions stood at 64.41% of total outstanding shares (38,317,884 votes polled out of 59,489,164 shares)

💡 Track the payment timeline for the Rs. 1.50 per share dividend and monitor Q2 FY27 earnings for operating performance.

Linc AGM: Q1 FY27 Net Profit Drops 30.4% to ₹5.10 Cr; New 1.5 Lakh Sq Ft Plant Operational in Q3

🟡 NEUTRAL ⭐ 4/10

OTHER 📅 17 Sep 2026, 03:09 PM

At its 32nd AGM, Linc Limited reported a 30.42% year-on-year drop in Q1 FY27 net profit to ₹5.10 crore on ₹135.65 crore operating income (+1% YoY), hit hard by surging crude-linked polymer prices. For FY26, operating income reached ₹532.07 crore with a PAT of ₹36.61 crore (6.9% margin), and a dividend of ₹1.50 per share (24.4% payout) was recommended. To drive long-term scale and streamline operations, the company is preparing to commission its new 1.5 lakh square feet manufacturing facility in Serakole, Kolkata in Q3 FY27. Overseas JVs and subsidiaries showed gradual progress, though management acknowledged ramp-up delays in some initiatives.

Q1 FY27 net profit fell 30.42% YoY to ₹5.10 crores despite operating income growing 1% to ₹135.65 crores.
Gross margins impacted by sharp rises in polymer raw material costs, unable to be passed on immediately.
New ~1.5 lakh sq ft manufacturing facility at Serakole, Kolkata expected to become operational in Q3 FY27.
FY26 operating income was ₹532.07 crores and PAT stood at ₹36.61 crores with net cash of ₹6.86 crores as on March 31, 2026.
Recommended dividend of ₹1.50 per share, representing a 24.4% payout ratio.

💡 Monitor polymer price movements and the commissioning timeline of the 1.5 lakh sq ft Serakole plant targeted for Q3 FY27.

Linc Concludes 32nd AGM; Considers ₹1.50/Share Dividend and Related Party Transactions

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Sep 2026, 03:04 PM

Linc Limited conducted its 32nd Annual General Meeting on September 17, 2026, via video conferencing. Key resolutions considered include the adoption of FY26 audited accounts, declaration of a dividend of ₹1.50 per share (30% on face value of ₹5), and approval of material related party transactions. The remote e-voting closed on September 16, 2026, and final scrutinizer results are expected within two working days.

32nd AGM held on September 17, 2026, chaired by Managing Director Deepak Jalan
Resolution proposed for ₹1.50 per share dividend (30% on face value of ₹5) for FY26
Approval of material related party transaction tabled before shareholders
Remote e-voting window was active from September 13 to September 16, 2026

💡 Track the filing of the scrutinizer's report within two working days to confirm the formal passing of all resolutions, particularly the dividend and related party transactions.

Linc Issues Postal Ballot for Director Re-appointment & Related-Party Salary Approvals

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 07 Sep 2026, 11:42 AM

Linc Limited has issued a Postal Ballot notice seeking shareholder approval via remote e-voting. The agenda includes the re-appointment of Sanjay Jhunjhunwalla as an Independent Director for a second 5-year term starting 12th November 2026. Additionally, the company seeks approval to revise the annual remuneration of two relatives of Whole-Time Directors, Aakash Aloke Jalan and Utkarsh Aloke Jalan, up to Rs 40 lakh each effective 1st November 2026.

Re-appointment of Sanjay Jhunjhunwalla as Non-Executive Independent Director for a 5-year term from 12th November 2026
Approval sought to revise salary of Aakash Aloke Jalan (Senior Manager - Corporate & MISMAT) up to Rs 40,00,000 per annum
Approval sought to revise salary of Utkarsh Aloke Jalan (Senior Manager - Corporate & MISMAT) up to Rs 40,00,000 per annum
E-voting period runs from 8th September 2026 to 7th October 2026, with voting results to be declared on or before 9th October 2026

💡 Eligible shareholders as of the cut-off date (28th August 2026) can participate in e-voting ending on 7th October 2026; watch for the voting results declaration by 9th October 2026.

Linc Launches 'Stackoo' Retail & Experience Centre at SKY City Mall, Mumbai

🟡 NEUTRAL ⭐ 3/10

EXPANSION 📅 30 Aug 2026, 04:38 PM

Linc Limited announced the opening of a new Retail Outlet-cum-Product Experience Centre under the brand name 'Stackoo' on August 30, 2026. The centre is situated at SKY City Mall in Borivali East, Mumbai. Designed to showcase Linc's portfolio of writing instruments and stationery, the store aims to drive direct consumer engagement and brand visibility. Financial outlay or expected revenue contributions from the single outlet were not disclosed.

Inaugurated 'Stackoo' Retail Outlet-cum-Experience Centre on August 30, 2026
Located at Lower Ground Floor (LG-43), SKY City Mall, Borivali East, Mumbai
Aims to showcase full range of writing instruments, stationery, and lifestyle offerings
Capex and operational costs for the store were not disclosed

💡 Track whether direct-to-consumer experience formats expand further and impact retail sales mix in future quarterly disclosures.

Linc Schedules 32nd AGM on Sept 17, 2026; Issues Annual Report Weblinks to Shareholders

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 05:03 PM

Linc Limited has dispatched letters containing web-links to the Annual Report for FY 2025-26 and Notice of the 32nd Annual General Meeting (AGM) to shareholders whose email addresses are not registered. The 32nd AGM is scheduled to take place on Thursday, 17th September 2026, at 11:00 AM IST via Video Conferencing / Other Audio-Visual Means. The communication also includes information on tax deduction at source (TDS) on dividends for FY 2025-26. This is a procedural compliance filing under SEBI LODR regulations with no operational or financial impact.

32nd Annual General Meeting scheduled for Thursday, 17th September 2026 at 11:00 AM IST
AGM will be conducted virtually via Video Conferencing / Other Audio-Visual Means
Weblinks provided for FY 2025-26 Annual Report and AGM Notice pursuant to Regulation 36(1)(b) of SEBI LODR
Includes communication regarding TDS on dividend for FY 2025-26

💡 Shareholders can review the FY 2025-26 Annual Report via the provided links and register their email addresses with the RTA to receive future communications electronically.

Linc details TDS process for FY26 dividend of Rs 1.50 per share (30% payout)

🟡 NEUTRAL ⭐ 2/10

DIVIDEND 📅 24 Aug 2026, 05:12 PM

Linc Limited has issued a tax deduction at source (TDS) advisory to shareholders regarding its recommended dividend of Rs 1.50 per share (30% of face value Rs 5) for FY 2025-26. Resident shareholders receiving dividends exceeding Rs 10,000 will be subjected to a 10% TDS if PAN is furnished, and 20% if PAN is invalid or unlinked with Aadhaar. Eligible shareholders seeking tax exemption or lower rates must submit relevant declarations (such as Form 121 or TRC) by September 10, 2026. The dividend remains subject to final approval by shareholders at the upcoming Annual General Meeting.

Board recommended a final dividend of Rs 1.50 per share (30% on face value of Rs 5) for FY26
Standard TDS of 10% applies to resident individuals for dividend income exceeding Rs 10,000
20% TDS applies in the absence of a valid PAN or if PAN is not linked to Aadhaar
Deadline for submitting tax exemption forms and declarations is September 10, 2026

💡 Shareholders seeking lower withholding rates or tax exemptions should submit required documentation (Form 121/TRC) to the RTA by September 10, 2026, and ensure PAN-Aadhaar linking is updated.

Linc Ltd Convenes 32nd AGM on Sept 17, 2026; Dispatches FY26 Annual Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Aug 2026, 12:25 PM

Linc Limited has submitted its Annual Report for FY 2025-26 and scheduled its 32nd Annual General Meeting (AGM) for Thursday, September 17, 2026, at 11:00 AM IST. The company marked 50 years in the writing instruments business, during which it reported FY26 annual revenue of Rs 540.66 crore compared to Rs 543.48 crore in FY25. The filing is a statutory compliance submission under Regulations 30 and 34 of SEBI LODR, containing standard governance, business review, and financial statements.

32nd Annual General Meeting scheduled for September 17, 2026, at 11:00 AM IST
Notice dated May 26, 2026, along with Annual Report 2025-26, dispatched to shareholders
Company highlights milestone of completing 50 years since inception in 1976
Full standalone and consolidated financial statements for FY 2025-26 released to the exchanges

💡 Track voting outcomes and management commentary on international expansion and product diversification following the AGM on September 17, 2026.

Linc Sets Sep 10, 2026 as Record Date for Dividend; AGM Scheduled for Sep 17, 2026

🟡 NEUTRAL ⭐ 3/10

DIVIDEND 📅 21 Aug 2026, 04:22 PM

Linc Limited has fixed Thursday, September 10, 2026, as the record date to determine shareholder eligibility for dividend distribution. The dividend is subject to formal shareholder approval at the company's 32nd Annual General Meeting (AGM) on September 17, 2026. The Register of Members and Share Transfer Books will remain closed from September 11 to September 17, 2026.

Record date for dividend fixed as September 10, 2026
32nd Annual General Meeting to be held on September 17, 2026
Book closure scheduled from September 11, 2026 to September 17, 2026

💡 Investors seeking dividend entitlement must hold shares prior to the September 10, 2026 record date and monitor the AGM proceedings on September 17, 2026 for formal approval.

1.4% Revenue Growth in Q1 FY27; EBITDA Margins Contract to 8.7% on High Input Costs

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 10 Aug 2026, 03:14 PM

Linc Limited reported a modest 1.4% YoY revenue growth to ₹138.95 Cr for Q1 FY27, while PAT declined to ₹5.81 Cr. EBITDA margins contracted by 89 bps to 8.7% as the company faced elevated polymer prices, passing on only ~50% of the cost increase to the trade. E-commerce was a significant growth driver, rising 32% YoY, while corporate sales and exports declined by 14% and 3% respectively. Management has deferred formal guidance to Q2 FY27, citing continued volatility in raw material costs.

Operating income reached ₹138.95 Cr, a 1.4% YoY increase despite geopolitical headwinds.
E-commerce segment grew by 32% YoY, driven by the LINC On subsidiary.
EBITDA margin contracted by 89 bps to 8.7% due to higher crude-linked polymer prices.
New manufacturing facility in West Bengal is scheduled to become operational by Q3 FY27.
Maintained a strong balance sheet with a net cash position of ₹11.94 Cr as of June 30, 2026.

💡 Monitor the commissioning and ramp-up of the West Bengal facility in Q3 FY27 and the recovery of margins as polymer prices normalize. Watch for formal management guidance expected in the Q2 FY27 earnings call.

Linc Limited Releases Audio Recording of Analyst/Investor Call Held on August 7, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Aug 2026, 05:37 PM

Linc Limited has disclosed the audio recording link for its group conference call with analysts and investors held on August 7, 2026. This filing is a standard regulatory requirement following investor interactions. Investors can use the recording to gain insights into management's strategy for the Pentonic brand, which contributes 34.2% of sales, and the progress of the ongoing Rs 35 crore capex plan. The company currently maintains a TTM revenue of Rs 541 crore with an operating margin of 11.0%.

Audio recording of the group conference call held on August 7, 2026, is now available via the company website.
Company reported a TTM PAT of Rs 33 crore against a market capitalization of Rs 587 crore.
Pentonic brand continues to be a significant contributor, representing 34.2% of the sales mix.
Management is currently overseeing a Rs 35 crore capex program to support growth objectives.
Promoter holding remains stable at 61.02% as of the latest reporting period.

💡 Investors should review the recording for management commentary on polymer price volatility and the scaling of the Deli brand partnership, which contributed 12.2% of sales in recent quarters.

1.4% Revenue Growth in Q1 FY27; PAT Declines 17.6% on Higher Input Costs

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 07 Aug 2026, 12:47 PM

Linc Limited reported a marginal 1.4% YoY revenue growth to ₹138.95 Cr for Q1 FY27, but faced significant bottom-line pressure with PAT declining 17.6% to ₹5.81 Cr. EBITDA margins contracted by 89 bps to 8.7% primarily due to rising polymer prices driven by higher crude oil costs. While General Trade and E-commerce segments grew by 8% and 32% respectively, Corporate Sales fell 14% and Exports declined 3%. The company is maintaining a net-debt-free status with a negative net debt of ₹11.94 Cr.

Revenue from operations stood at ₹138.95 Cr, a modest 1.4% YoY increase.
EBITDA margins contracted to 8.7% from 9.6% in the previous year due to raw material cost spikes.
E-commerce segment registered a robust 32% YoY growth, supported by the Linc On subsidiary.
New manufacturing facility in West Bengal is expected to become operational by Q3 FY27.
Exports decreased by 3% YoY, attributed to geopolitical uncertainties affecting global trade flows.

💡 Investors should monitor the commissioning of the West Bengal facility in Q3 FY27 and the company's ability to pass through higher polymer costs to maintain margins in a competitive market.

₹5.81 Cr PAT: Linc Q1 FY27 Net Profit Drops 17.6% YoY Amid Margin Pressure

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 06 Aug 2026, 07:17 PM

Linc Limited reported a flat top-line performance for Q1 FY27, with total income growing just 0.9% YoY to ₹139.40 Cr. Profitability was significantly impacted as PAT fell 17.6% YoY to ₹5.81 Cr, and EBITDA margins contracted by 139 basis points to 9.0%. The margin decline was primarily driven by rising polymer prices (crude-linked raw materials) which the company has yet to fully pass through. While e-commerce grew 32% YoY, corporate sales and exports faced headwinds, declining 14% and 3% respectively.

Total Income stood at ₹139.40 Cr, a marginal 0.9% increase over Q1 FY26.
EBITDA declined 12.6% YoY to ₹12.54 Cr, with margins dropping from 10.4% to 9.0%.
E-commerce segment registered strong growth of 32% YoY, supported by the 'Linc On' subsidiary.
Net cash surplus improved to ₹11.94 Cr as of June 2026, compared to ₹6.86 Cr in March 2026.
New manufacturing facility in West Bengal for the Morris JV is expected to be operational by Q3 FY27.

💡 Investors should monitor the commissioning timeline of the West Bengal facility in Q3 FY27 and the management's ability to implement price hikes to offset polymer cost inflation.

Linc Q1 FY27 Standalone PAT Drops 30% to ₹5.10 Cr; Board Revises Management Remuneration

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 06 Aug 2026, 06:58 PM

Linc Limited reported a weak start to FY27 with standalone Profit After Tax (PAT) declining 30.4% YoY to ₹5.10 Cr, down from ₹7.33 Cr. Revenue remained nearly flat at ₹135.65 Cr compared to ₹134.30 Cr in the year-ago period, indicating stagnant growth. The board also approved the re-appointment of an Independent Director for 5 years and revised the annual remuneration for two key management personnel to ₹40 lakhs each. A significant contingent risk remains as the company contests a GST demand and penalty totaling approximately ₹7.06 Cr.

Standalone Revenue from Operations grew marginally by 1% YoY to ₹135.65 Cr.
Standalone Profit After Tax (PAT) fell significantly to ₹5.10 Cr from ₹7.33 Cr in Q1 FY26.
Consolidated Total Comprehensive Income for the quarter stood at ₹5.68 Cr.
Revised yearly remuneration for Shri Aakash Aloke Jalan and Shri Utkarsh Aloke Jalan to ₹40,00,000 each.
Contesting a GST demand of ₹353.39 lakhs and an equivalent penalty of ₹353.39 lakhs (Total ₹7.06 Cr).

💡 Investors should monitor the company's ability to scale its high-margin Pentonic brand to offset margin pressure and track the legal outcome of the ₹7.06 Cr GST dispute.

View All LINC Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Writing Instruments segment grew marginally in Q2 FY26, with Pentonic contributing 34.2% (INR 47.80 Cr), Linc & Others 36.2% (INR 50.71 Cr), and licensed brands Uni-ball 17.4% (INR 24.29 Cr) and Deli 4.3% (INR 6.03 Cr). Total Revenue from Operations for FY25 was INR 531.48 Cr, up 5.8% YoY.

Geographic Revenue Split

Not disclosed in available documents, though the company has invested INR 10.04 Cr in joint ventures for strategic business acquisitions in overseas markets.

Profitability Margins

FY25 Profit After Tax (PAT) margin was 7.27% (INR 38.66 Cr), improving from 6.80% in FY24. Q2 FY26 PAT margin was 6.0%, a 3.7% dip YoY due to transitional losses in early-stage joint ventures.

EBITDA Margin

FY25 Operating EBITDA margin was approximately 12.85% (INR 68.29 Cr). Q2 FY26 operating EBITDA margin declined by 3.8% YoY, primarily due to higher employee costs from scheduled annual increments.

Capital Expenditure

The company is undergoing a capital expenditure plan of approximately INR 35 Cr, which is being funded entirely through internal accruals.

Credit Rating & Borrowing

Acuité has assigned a 'Stable' outlook. The company has minimal dependence on bank limits, with a finance cost of INR 1.74 Cr in FY25 and an interest coverage ratio of 30.8x.

⚙️ Operational Drivers

Raw Materials

Polymer (a derivative of crude oil) is the primary raw material, though the specific percentage of total cost is not disclosed.

Capacity Expansion

Current installed capacity is not specified in units; however, the company is investing INR 35 Cr in capex to support growth and maintains a team of 1,061 dedicated employees as of March 2025.

Raw Material Costs

Raw material costs are susceptible to fluctuations in crude oil prices; margins were 11.85% in FY25 despite volatility, though specific procurement strategies were not detailed.

Manufacturing Efficiency

Fixed Asset Turnover was 4.21x and Total Asset Turnover was 1.60x as of Sep '25 (annualized).

Logistics & Distribution

Year-end debtors stood at 35 days of sales in FY25, up from 33 days in FY24, reflecting distribution credit terms.

📈 Strategic Growth

Expected Growth Rate

5.80%

Growth Strategy

Growth is targeted through strategic business acquisitions in overseas markets (INR 10.04 Cr invested in JVs), product portfolio expansion in stationery (Deli brand), and scaling the high-margin Pentonic brand which now contributes 34.2% of revenue.

Products & Services

Writing instruments (ball pens, gel pens), and stationery products including office supplies.

Brand Portfolio

Pentonic, Linc, Uni-ball, and Deli.

New Products/Services

Expansion into 'Other Products' (stationery) contributed 12.2% of sales in Q2 FY26; specific new launch revenue contributions are not disclosed.

Market Expansion

Strategic focus on overseas markets through joint ventures to reach operational maturity and increase global footprint.

Strategic Alliances

Joint ventures for overseas acquisitions (INR 10.04 Cr investment) and licensing agreements with Mitsubishi Pencil Co., Japan (Uni-ball) and Deli.

🌍 External Factors

Industry Trends

The industry is evolving with a shift toward branded, high-quality writing instruments like Pentonic; however, it remains highly competitive with limited pricing power for manufacturers.

Competitive Landscape

Intense competition from large organized players and a significant number of unorganized local manufacturers.

Competitive Moat

The moat is built on strong brand recognition (Pentonic) and a robust distribution network; sustainability depends on maintaining cost efficiency against unorganized players.

Macro Economic Sensitivity

Highly sensitive to crude oil price fluctuations due to polymer dependency and general economic conditions affecting student and office demand.

Consumer Behavior

Shift toward value-added pens and branded stationery products in the domestic market.

Geopolitical Risks

Exposure to international markets through JVs introduces risks related to overseas trade and operational maturity in foreign jurisdictions.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with the Companies Act 2013, SEBI Listing Regulations, and Secretarial Standards is maintained; no significant changes in accounting policies reported.