MarketFriction

Smartlink Holdings Ltd

NSE SMARTLINK · BSE 532419 · Computers Hardware & Equipments
₹212.10 +0.09%
NSE close2026-10-01
52 week range103.50 - 241.81
Market cap₹199 Cr.
P/E12.0
ESM Price band 5%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales51.8237.5975.9740.0855.2953.7365.4337.0270.2762.7099.3565.27
Expenses49.1840.6067.0841.6556.2153.1464.8536.4468.7061.6090.6760.66
Operating Profit2.64-3.018.89-1.57-0.920.590.580.581.571.108.684.61
OPM %5.09%-8.01%11.70%-3.92%-1.66%1.10%0.89%1.57%2.23%1.75%8.74%7.06%
Other Income0.022.833.042.763.402.693.073.312.303.091.894.14
Interest0.560.500.560.450.240.520.330.090.110.350.230.22
Depreciation0.870.870.870.910.930.950.940.941.041.061.061.09
Profit before tax1.23-1.5510.50-0.171.311.812.382.862.722.789.287.44
Tax %32.52%-21.29%17.24%158.82%48.85%-40.33%-60.92%24.13%31.25%19.78%26.08%24.73%
Net Profit0.83-1.218.68-0.440.672.543.842.181.862.246.875.61
EPS in Rs0.83-1.218.70-0.440.672.553.852.191.862.256.895.62
Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales15010499108757080163198215269298
Expenses17610897105816070158195216257282
Operating Profit-26-423-6111053-11216
OPM %-17%-4.3%1.9%2.4%-7%15%12%3.3%1.4%-0.5%4.5%5%
Other Income23201-4212212121111
Interest000131122211
Depreciation422233233444
Profit before tax-6-501-159723951822
Tax %-66%103%1,373%368%-3%-13%-40%15%19%-24%26%
Net Profit-2-10-3-2-14101019771317
EPS in Rs-0.67-4.31-1.43-1.37-10.517.8010.4219.297.086.6313.1816.62
Dividend Payout %-300%-46%-140%0%0%0%0%0%0%0%15%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%31%18%41%
Compounded Profit Growth%5%103%80%
Stock Price CAGR9%11%4%37%
Return on Equity1%4%5%6%
Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital665533322222
Reserves409400320312243180191163182188194208
Borrowings001420272425343243
Other Liabilities312821211919131944454588
Total Liabilities446434346341285229230209262267245301
Fixed Assets292622212034303133323232
CWIP000002220001
Investments268281259273209161165110123130105114
Other Assets149127654755323366106105108153
Total Assets446434346341285229230209262267245301
Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-17-40-34-9-2274342-26-0-615
Cash from Investing Activity21471151472-17-0-421536-13
Cash from Financing Activity-7-7-81-2-52-58-3-385-4-29-2
Net Cash Flow-40-03-3-100-000-0
Free Cash Flow-19-41-36-9-2357338-5-3-911
CFO/OP45%155%747%-267%-727%-1,381%29%449%-405%18%556%147%
Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days77715250503845799010696121
Inventory Days60821638889776610595516258
Days Payable77527587728776901068875126
Cash Conversion Cycle61101140516628369380698354
Working Capital Days699210454182654103101288664
ROCE %-3%-5%0%1%-3%5%4%2%5%3%9%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.51%71.90%72.79%72.84%72.84%72.84%72.84%72.85%72.85%72.85%72.85%72.85%
FIIs0.00%0.08%0.00%0.66%0.91%0.80%0.29%0.00%0.00%0.00%0.00%0.00%
DIIs0.00%0.00%0.00%0.48%0.41%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public28.48%28.03%27.21%26.01%25.83%26.35%26.86%27.16%27.16%27.15%27.15%27.14%
No. of Shareholders12,40212,21712,02511,69111,39811,42911,53411,56811,50211,44811,21511,028

Fundamentals

Market Cap₹ 199 Cr.
Current Price₹ 203
Stock P/E12.0
Book Value₹ 210
ROCE9.01 %
ROE6.47 %
Dividend Yield0.98 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)41%
Compounded Profit Growth (TTM)80%
Consolidated figures.
Valuation
Market capRs 212 Cr
Enterprise valueRs 202 Cr
P/E (TTM)12.76x
Price to book1.01x
Price to sales0.71x
EV / EBITDA7.39x
EV / EBIT8.75x
EV / sales0.68x
Price to cash flow13.87x
Earnings yield7.84%
Dividend yield0.95%
P/E, 3-year average17.06x
P/B, 3-year average0.68x
P/E, 5-year average13.96x
P/B, 5-year average0.71x
Profitability
Operating margin (excl. other income)4.49%
Operating margin (incl. other income)8.42%
EBITDA margin9.20%
Pre-tax margin7.47%
Net profit margin5.57%
Net margin, latest quarter8.60%
ROE6.48%
ROCE9.01%
ROA4.82%
ROE, 3-year average4.56%
ROCE, 3-year average5.80%
ROA, 3-year average3.36%
ROE, 5-year average6.10%
ROCE, 5-year average6.71%
ROA, 5-year average4.60%
ROIC (approx.)8.58%
Tax rate25.51%
Other income / net worth5.05%
Growth
Sales growth (latest year)25.55%
Profit growth (latest year)98.94%
Sales CAGR, 3 years18.21%
Sales CAGR, 5 years30.79%
Profit CAGR, 3 years-11.91%
Profit CAGR, 5 years4.86%
Sales growth QoQ-34.30%
Profit growth QoQ-18.34%
Sales growth YoY (latest quarter)76.31%
Profit growth YoY (latest quarter)157.34%
Per share
EPS (TTM)Rs 16.62
EPS (latest year)Rs 13.18
EPS (latest quarter)Rs 5.62
EPS, 3-year averageRs 8.96
EPS, 5-year averageRs 11.32
Book value per shareRs 210.34
Sales per shareRs 298.34
Cash flow per shareRs 15.29
Free cash flow per shareRs 11.03
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 2.00
Dividend per share, 5-year averageRs 2.00
Dividends
Dividend payout15.21%
Dividend payout, 3-year average15.21%
Dividend payout, 5-year average15.21%
Efficiency
Asset turnover0.90x
Fixed asset turnover8.32x
Inventory turnover6.37x
Inventory days57 days
Debtor days121 days
Debtors turnover3.01x
Creditor days126 days
Cash conversion cycle54 days
Working capital days64 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 12 Cr
Net debtRs -9 Cr
Debt to equity0.01x
Net debt / EBITDA-0.33x
Interest coverage25.42x
Owners' fund to total sources69.80%
Debt to assets0.83%
Cash flow
Cash from Operating Activity (latest year)Rs 15 Cr
Cash from Investing Activity (latest year)Rs -13 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 11 Cr
FCFE (approx.: FCF + change in debt)Rs 10 Cr
Cash from ops / profit, 5 years0.45x
Sales to cash flow17.66x
Statement figures
Net sales (TTM)Rs 298 Cr
Net sales (latest year)Rs 269 Cr
Sales (latest quarter)Rs 65 Cr
Operating profit excl. other income (latest year)Rs 12 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 11 Cr
EBITDA (TTM)Rs 27 Cr
PBDT (TTM)Rs 26 Cr
Profit before tax (TTM)Rs 22 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 17 Cr
Net profit (latest year)Rs 13 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 215 Cr
Total expenditure (latest year)Rs 257 Cr
Total income (latest year)Rs 280 Cr
Share capitalRs 2 Cr
ReservesRs 208 Cr
Shareholders' fundsRs 210 Cr
Total assetsRs 301 Cr
Net blockRs 32 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 114 Cr
ReceivablesRs 89 Cr
InventoryRs 34 Cr
Other liabilitiesRs 88 Cr
Shares outstanding (crore)1.00
Ownership
Promoter holding72.85% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 12.8 is at the 48th percentile of its own 5.4-year range (median 12.9, low 8.5, high 43.0).
P/B 1.01 is at the 88th percentile (median 0.63).
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.
PeriodSMARTLINKNifty 50Difference
1 week-2.6%-2.8% +0.2 pts
1 month-1.1%-6.8% +5.7 pts
3 months+22.0%-7.6% +29.6 pts
6 months+102.9%+0.4% +102.5 pts
1 year+36.9%-9.9% +46.8 pts
2 years-24.3%-13.6% -10.7 pts
3 years+16.8%+14.2% +2.7 pts
5 years+78.6%+27.9% +50.7 pts

Red flags

F-score 8 of 8
explainWeak cash conversion Cash from operations was 33% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 58% vs sales +26% in 2026
lookProfit leans on other income Other income was 60% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-05-13: Smartlink Holdings Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn NSE surveillance On NSE surveillance: ESM
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 ₹65 Cr +76.3% vs Jun 2025. Net profit ₹6 Cr +157.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-10Dividend - Rs 2 Per Share
2024-07-25Annual General Meeting
2023-08-10Annual General Meeting
2022-09-07Annual General Meeting
2021-09-14 Annual General Meeting
2021-02-26 Buy Back
2020-11-25 Annual General Meeting
2019-09-13 Annual General Meeting
2019-08-09 Buyback
2018-07-20 Annual General Meeting
2018-05-17 Buyback
2017-07-17 Annual General Meeting/Dividend - Rs 2/- Per Share
2016-07-18 Annual General Meeting
2016-04-28 Buyback Of Shares
2015-07-20Dividend - Rs 2/- Per Share
2014-06-27Annual General Meeting / Dividend - Rs 2/- Per Share
2013-06-28Annual General Meeting And Dividend Rs.2/- Per Share
2012-07-09Annual General Meeting And Dividend Rs.2/- Per Share
2011-07-11Dividend-Rs.2/- Per Share
2011-05-31Special Interim Dividend Rs 30 Per Share (Purpose Revised)
2010-06-30Dividend-Rs.2.50 Per Share
2009-09-03Dividend-Re.1/- Per Share
2009-06-18Scheme Of Arrangement
2008-07-30Dividend - 100%
2007-07-18Dividend-100%
2006-08-16Dividend-100%
DateTypeWhat it says
2026-08-05RetirementRetirement of Mr. Pradeep Anant Rane (DIN 01446215) as Independent Director of the Company
2026-08-01Shareholder meetingVoting results.
2026-08-01Shareholder meetingProceedings of Annual General Meeting held on August 01, 2026
2026-07-31Board meeting outcomeSmartlink Holdings Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-11General UpdatesLetters sent to shareholders
2026-07-07Shareholder meetingNotice of Annual General Meeting to be held on August 01, 2026
2026-06-26UpdatesIntimation of Book Closure dates for the purpose of AGM.
2026-06-26Record DateRecord date for the purpose of Dividend is 10-Jul-2026.
2026-06-26General UpdatesThe date of Annual General Meeting.
2026-06-19AppointmentAppointment of Mr. Shaunak Desai as Cost Auditor of the company for the FY 2026-27
2026-06-19Board meeting outcomeOutcome of Board Meeting held on Jun 19, 2026.
2026-05-18Disclosure under SEBI TakeovSmartlink Holdings Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Su...
2026-05-13AppointmentAppointment of M/s Marathe Rao & Swarup as Internal Auditors of the company w.e.f. April 01, 2026.
2026-05-13Change in AuditorsChange in Auditors of the company.
2026-05-13AppointmentAppointment of Ms Arati Kamalaksha Naik as Executive Director of the company w.e.f. April 01, 2027.
2026-05-13Record DateRecord date for the purpose of Dividend is 10-Jul-2026.
2026-05-13DividendBoard of Directors at its meeting held on May 13, 2026, recommended Final Dividend of Rs. 2 per equity share.
2026-05-13Board meeting outcomeSmartlink Holdings Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-02-06Board meeting outcomeSmartlink Holdings Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-12-26Disclosure under SEBI TakeovLakshana Amit Sharma  has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisitio...
2025-12-22Disclosure under SEBI TakeovArati Naik has submitted to  the Exchange a copy of Withdrawal of Intention to acquire Equity shares under Regulation 10(1)(a) of SEBI (SAST) Regulati...
2025-12-09Disclosure under SEBI TakeovArati Kamalaksha Naik has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substa...
2025-12-09Disclosure under SEBI TakeovLakshana Amit Sharma has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substan...
2025-11-06Board meeting outcomeSmartlink Holdings Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
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.
ESM: stage 1Less than 100 unique PAN traded in previous 30 days
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03