Linc Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for LINC, BSE:531241 Linc Ltd.

Linc Ltd.

08 Feb 2016

127.90

-0.83%

Linc Pen & Plastics Ltd- Research Report

Hold: Linc Ltd.

Angel Broking

Linc Pen & Plastics Ltd (LPPL)s 3QFY2016 results have come in below our estimates. The companys top-line for the quarter grew 5% yoy. On the operating front, the company reported margin improvement, primarily on account of lower raw material costs. Further, on the bottom-line front, the company reported a soft ~4% yoy growth on account of lower sales growth. Top-line grew ~5% yoy: The companys top-line grew by ~5% yoy to ~`72cr (which is below our estimate of ~`75cr), mainly due to a poor sales performance on the export front (8.3% yoy de-growth due to geographical instability and currency volatility). However, domestic sales grew by ~11.5% yoy. PAT grew ~4% yoy: Despite margin expansion, the reported net profit grew by a soft ~4% yoy to ~`3.3cr (which is below our estimates of ~`3.6cr) on account of lower sales growth and higher tax rate. Outlook and valuation: Going ahead, we expect LPPL to report a top-line CAGR of ~8% over FY2015-17E to ~`371cr owing to strong domestic as well as export sales. On the bottom-line front, we expect the company to report ~17% CAGR over FY2015-17E. This would be on account of expansion in operating margin on the back of lower...

Linc Ltd. is trading below all available SMAs

Linc Ltd.

17 Nov 2015

127.90

-0.83%

Linc Pen & Plastics Ltd- Research Report

Accumulate: Linc Ltd.

Angel Broking

Linc Pen & Plastics (LPPL)s 2QFY2016 results outperformed our estimates on the bottom-line front. The companys top-line for the quarter grew 5% yoy. On the operating front, the company reported margin improvement, primarily on account of lower raw material costs. Further, on the bottom-line front, the company reported a strong growth on account of a favorable operating performance and lower interest costs. Top-line grew ~5%: The companys top-line grew by ~5% yoy to ~Rs88cr (which is below our estimates of ~Rs89cr), mainly due to lower growth in Domestic (5.0% yoy growth to ~Rs64cr) and Export sales (4.6% yoy growth to ~Rs24cr). Exports have recovered considering the segment posted a decline of 5% in FY2015. PAT grew ~23% yoy: The reported net profit grew by ~23% yoy to ~Rs5cr (our estimate was of ~Rs4cr) on account of falling material prices and lower interest costs with the company having repaid a significant amount of its debt in FY2015. Outlook and valuation: Going ahead, we expect LPPL to report a top-line CAGR of ~8% over FY2015-17E to ~Rs371cr owing to strong domestic as well as export sales. On the bottom-line front, we expect the company to report ~17% CAGR over FY2015-17E. This would...