MarketFriction

Fine Line Circuits Ltd

BSE 517264 · Computers Hardware & Equipments
₹62.69 -1.42%
BSE close2026-10-01
Market cap₹32.2 Cr.
P/E60.8

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5.266.507.347.056.959.776.607.259.657.878.4110.72
Expenses5.096.097.036.766.709.376.376.939.307.447.9410.27
Operating Profit0.170.410.310.290.250.400.230.320.350.430.470.45
OPM %3.23%6.31%4.22%4.11%3.60%4.09%3.48%4.41%3.63%5.46%5.59%4.20%
Other Income0.030.000.010.000.000.000.010.000.000.00-0.350.01
Interest0.140.070.070.070.060.130.090.090.090.110.110.12
Depreciation0.140.140.150.140.150.160.160.170.190.200.210.17
Profit before tax-0.080.200.100.080.040.11-0.010.060.070.12-0.200.17
Tax %0.00%5.00%0.00%12.50%25.00%0.00%100.00%16.67%14.29%0.00%-5.00%5.88%
Net Profit-0.070.200.090.070.040.10-0.020.060.070.12-0.190.17
EPS in Rs-0.150.420.190.150.080.21-0.040.120.150.25-0.400.35
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales25.2925.5228.3131.5426.7022.6630.0627.4624.2830.3733.1836.65
Expenses24.4124.1726.7329.9125.3921.6028.2426.4323.1129.1431.5534.95
Operating Profit0.881.351.581.631.311.061.821.031.171.231.631.70
OPM %3.48%5.29%5.58%5.17%4.91%4.68%6.05%3.75%4.82%4.05%4.91%4.64%
Other Income0.200.010.020.040.090.090.080.090.020.02-0.37-0.34
Interest0.360.530.650.700.690.500.480.550.500.430.490.43
Depreciation0.580.670.810.800.800.600.500.500.580.600.760.77
Profit before tax0.140.160.140.17-0.090.050.920.070.110.220.010.16
Tax %42.86%81.25%35.71%0.00%0.00%20.00%4.35%0.00%9.09%9.09%0.00%
Net Profit0.090.040.090.16-0.090.050.880.070.110.200.020.17
EPS in Rs0.190.080.190.33-0.190.101.830.150.230.420.040.35
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%8%7%20%
Compounded Profit Growth31%51%70%194%
Stock Price CAGR21%16%-2%-24%
Return on Equity2%4%3%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4.834.834.834.834.834.834.834.834.834.834.834.83
Reserves1.942.022.072.192.432.512.663.503.693.723.994.31
Borrowings1.553.033.354.566.485.824.033.636.326.035.807.47
Other Liabilities4.364.483.974.694.523.293.464.163.653.373.235.13
Total Liabilities12.6814.3614.2216.2718.2616.4514.9816.1218.4917.9517.8521.74
Fixed Assets3.162.983.863.573.282.842.602.672.832.843.303.45
CWIP0.010.000.000.000.060.060.000.000.120.000.000.00
Investments0.000.000.000.010.040.050.050.050.050.050.050.05
Other Assets9.5111.3810.3612.6914.8813.5012.3313.4015.4915.0614.5018.24
Total Assets12.6814.3614.2216.2718.2616.4514.9816.1218.4917.9517.8521.74
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.57-0.200.231.010.091.652.431.020.05-1.911.900.06
Cash from Investing Activity-0.82-0.46-1.30-0.77-0.53-0.29-0.15-0.49-2.691.56-1.04-1.50
Cash from Financing Activity0.821.29-0.080.771.38-1.22-2.22-0.832.30-0.60-0.591.28
Net Cash Flow0.570.63-1.141.010.940.130.06-0.30-0.34-0.960.27-0.17
Free Cash Flow-0.28-0.68-1.050.21-0.451.282.140.45-0.74-2.440.85-1.45
CFO/OP105%-23%18%64%7%128%233%57%4%-165%155%7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days41.6252.8249.0653.6356.5961.2450.4257.8055.5670.2052.2858.08
Inventory Days193.69204.59229.95204.91177.14209.57242.11154.05193.43329.87225.74233.18
Days Payable145.27128.2596.86113.0293.5385.06101.8084.7765.57116.3385.29117.49
Cash Conversion Cycle90.04129.16182.14145.53140.20185.75190.73127.08183.42283.74192.73173.78
Working Capital Days54.2649.9452.6344.2228.0128.0230.9338.7318.4865.5470.6768.09
ROCE %0.77%3.52%6.95%7.33%6.87%4.39%4.46%11.93%4.70%4.49%4.45%5.64%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters33.40%33.40%33.40%33.40%33.40%33.40%33.40%33.40%33.40%33.40%33.40%33.40%
Public66.59%66.59%66.59%66.60%66.59%66.60%66.60%66.60%66.60%66.60%66.61%66.61%
No. of Shareholders10,58310,49410,48510,38210,36010,33110,32010,31610,43910,52810,50410,703

Fundamentals

Market Cap₹ 32.2 Cr.
Current Price₹ 67.0
Stock P/E60.8
Book Value₹ 19.0
ROCE5.64 %
ROE4.34 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)194%
Standalone figures.
Valuation
Market capRs 30 Cr
Enterprise valueRs 37 Cr
P/E (TTM)178.67x
Price to book3.32x
Price to sales0.83x
EV / EBITDA27.28x
EV / EBIT62.87x
EV / sales1.01x
Price to cash flow506.24x
Earnings yield0.56%
P/E, 3-year average813.68x
P/B, 3-year average4.65x
P/E, 5-year average555.74x
P/B, 5-year average3.85x
Profitability
Operating margin (excl. other income)4.91%
Operating margin (incl. other income)3.80%
EBITDA margin3.71%
Pre-tax margin0.44%
Net profit margin0.46%
Net margin, latest quarter1.59%
ROE0.22%
ROCE3.20%
ROA0.10%
ROE, 3-year average1.27%
ROCE, 3-year average3.93%
ROA, 3-year average0.61%
ROE, 5-year average3.15%
ROCE, 5-year average5.67%
ROA, 5-year average1.58%
ROIC (approx.)3.72%
Other income / net worth-4.05%
Growth
Sales growth (latest year)9.25%
Profit growth (latest year)-90.00%
Sales CAGR, 3 years6.51%
Sales CAGR, 5 years7.93%
Profit CAGR, 3 years-34.14%
Profit CAGR, 5 years-16.74%
Sales growth QoQ27.47%
Sales growth YoY (latest quarter)47.86%
Profit growth YoY (latest quarter)183.33%
Per share
EPS (TTM)Rs 0.35
EPS (latest year)Rs 0.04
EPS (latest quarter)Rs 0.35
EPS, 3-year averageRs 0.23
EPS, 5-year averageRs 0.53
Book value per shareRs 18.86
Sales per shareRs 75.64
Cash flow per shareRs 0.12
Free cash flow per shareRs -2.99
Efficiency
Asset turnover1.53x
Fixed asset turnover9.62x
Inventory turnover2.51x
Inventory days145 days
Debtor days58 days
Debtors turnover6.28x
Creditor days117 days
Cash conversion cycle174 days
Working capital days68 days
Leverage
Total debtRs 7 Cr
Cash and bankRs 1 Cr
Net debtRs 7 Cr
Debt to equity0.82x
Net debt / EBITDA4.94x
Interest coverage1.37x
Owners' fund to total sources42.04%
Debt to assets34.36%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Cash from ops / profit, 5 years0.88x
Sales to cash flow553.00x
Statement figures
Net sales (TTM)Rs 37 Cr
Net sales (latest year)Rs 33 Cr
Sales (latest quarter)Rs 11 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs -0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 23 Cr
Total expenditure (latest year)Rs 32 Cr
Total income (latest year)Rs 33 Cr
Share capitalRs 5 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 9 Cr
Total assetsRs 22 Cr
Net blockRs 3 Cr
InvestmentsRs 0 Cr
ReceivablesRs 5 Cr
InventoryRs 9 Cr
Other liabilitiesRs 5 Cr
Shares outstanding (crore)0.48
Ownership
Promoter holding33.40% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 178.7 is at the 71th percentile of its own 6.2-year range (median 108.9, low 21.5, high 395.9).
P/B 3.32 is at the 61th percentile (median 2.45).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period517264Nifty 50Difference
1 week-4.3%-2.8% -1.5 pts
1 month-6.5%-6.8% +0.3 pts
3 months+3.8%-7.6% +11.4 pts
3 years-9.8%+14.2% -23.9 pts
5 years+105.2%+27.9% +77.3 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was 15% of net profit over the last 3 years
explainLow interest cover Interest cover 1.0x in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹11 Cr +47.9% vs Jun 2025. Net profit ₹0 Cr +183.3%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Fine Line Circuits Ltd?

Fine Line Circuits Ltd (517264) has a market capitalisation of Rs 32.2 Cr. at the 2026-10-01 close.

What is the P/E ratio of Fine Line Circuits Ltd?

Fine Line Circuits Ltd trades at a P/E of 60.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Fine Line Circuits Ltd's latest quarterly results?

In the Jun 2026 quarter, Fine Line Circuits Ltd sales was Rs 11 Cr (+47.9% vs Jun 2025) and net profit was Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03