Fine-Line Circuits Ltd - Stock Valuation and Financial Performance

BSE: 517264 | NSE: | Electronics - Components | Small Cap

Fine-Line Circuits Share Price

104.50 0.00 0.00%
as on 11-Nov'24 16:59

DeciZen - make an informed investing decision on Fine-Line Circuits

M-Cap below 100cr DeciZen not available

Fine-Line Circuits stock performance -

mw4me loader
P/E Ratio (SA):
126.23
Market Cap:
50.2 Cr.
52-wk low:
48.2
52-wk high:
113.6

Is Fine-Line Circuits Ltd an attractive stock to invest in?

1. Is Fine-Line Circuits Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Fine-Line Circuits Ltd is a below average quality company.

2. Is Fine-Line Circuits Ltd undervalued or overvalued?

The key valuation ratios of Fine-Line Circuits Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Fine-Line Circuits Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Fine-Line Circuits Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Fine-Line Circuits:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Fine-Line Circuits Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 4.7%5.5%6.8%7.2%6.8%4.5%4.5%11.9%4.6%4.1%-
Value Creation
Index
-0.7-0.6-0.5-0.5-0.5-0.7-0.7-0.2-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 23.725.325.528.331.526.722.730.127.524.328
Sales YoY Gr.-6.8%0.9%10.9%11.4%-15.4%-15.1%32.7%-8.7%-11.6%-
Adj EPS -0.3-0.6-0.2-0.6-0.3-0.8-0.31.3-0.5-0.20.8
YoY Gr.-NANANANANANANA-141.5%NA-
BVPS (₹) 1414.214.314.615.115.215.517.317.717.718
Adj Net
Profit
-0.1-0.3-0.1-0.3-0.1-0.4-0.10.6-0.3-0.10
Cash Flow from Ops. 0.6-0.20.210.11.72.410.1-1.9-
Debt/CF from Ops. 2.7-15.114.64.571.43.51.73.6121.7-3.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.3%-5.1%2.3%-11.6%
Adj EPS NANANANA
BVPS2.6%3.3%4.5%0.3%
Share Price 30.4% 41.6% 52.4% 59.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-2-4.3-1.1-4.3-1.7-5.4-1.77.9-3.1-0.94.7
Op. Profit
Mgn %
2.424.63.53.93.33.54.823.54.5
Net Profit
Mgn %
-0.6-1.1-0.3-1.1-0.4-1.5-0.62.1-0.9-0.31.4
Debt to
Equity
0.20.40.50.70.90.80.50.40.70.70
Working Cap
Days
13113114113813916317012915319593
Cash Conv.
Cycle
55658586841041097910214332

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.70%

Debt to equity has declined versus last 3 years average to 0.71

Sales growth is good in last 4 quarters at 19.93%

Sales growth has been subdued in last 3 years 2.33%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Fine-Line Circuits Ltd.

Standalone Consolidated
TTM EPS (₹) 0.8 -
TTM Sales (₹ Cr.) 27.9 -
BVPS (₹.) 18 -
Reserves (₹ Cr.) 4 -
P/BV 5.82 -
PE 126.23 -
From the Market
52 Week Low / High (₹) 48.20 / 113.55
All Time Low / High (₹) 0.90 / 113.55
Market Cap (₹ Cr.) 50.2
Equity (₹ Cr.) 4.8
Face Value (₹) 10
Industry PE 187

Management X-Ray of Fine-Line Circuits:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Fine-Line Circuits

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales23.6825.2925.5228.3131.5426.7022.6630.0627.4624.28
Operating Expenses 23.1324.7824.3527.3130.3225.8221.8628.6026.9223.48
Manufacturing Costs7.227.897.728.218.438.297.257.816.235.89
Material Costs8.979.429.2711.4013.629.447.9612.9512.199.35
Employee Cost 3.904.344.254.425.025.184.024.724.744.86
Other Costs 3.053.143.113.283.252.912.623.123.783.38
Operating Profit 0.550.521.170.991.220.880.801.460.540.80
Operating Profit Margin (%) 2.3%2.0%4.6%3.5%3.9%3.3%3.5%4.8%2.0%3.3%
Other Income 0.050.380.190.600.450.520.350.440.590.39
Interest 0.390.360.530.650.700.690.500.480.550.50
Depreciation 0.520.580.670.810.800.800.600.500.500.58
Exceptional Items 0.290.1800000000
Profit Before Tax -0.020.140.160.130.16-0.090.060.920.070.11
Tax -0.100.050.120.040000.04-0.010
Profit After Tax 0.080.090.040.090.16-0.090.050.880.070.11
PAT Margin (%) 0.3%0.3%0.1%0.3%0.5%-0.3%0.2%2.9%0.3%0.4%
Adjusted EPS (₹)0.20.20.10.20.3-0.20.11.80.20.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 6.766.856.897.027.267.347.488.338.528.54
Share Capital 4.834.834.834.834.834.834.834.834.834.83
Reserves 1.942.022.072.192.432.512.663.503.693.72
Minority Interest0000000000
Debt1.402.803.094.286.015.293.983.636.326.03
Long Term Debt1.291.561.321.531.110.580000
Short Term Debt0.111.241.772.754.904.713.983.636.326.03
Trade Payables3.583.312.473.533.482.202.233.012.192.23
Others Liabilities 0.601.111.581.301.351.461.141.021.320.99
Total Liabilities 12.3414.0614.0416.1318.1016.2914.8215.9918.3517.80

Fixed Assets

Gross Block16.4716.8717.6718.0818.4918.5718.9219.5018.8217.25
Accumulated Depreciation13.3113.8913.8114.5115.2015.7316.3316.8315.9914.41
Net Fixed Assets3.162.983.863.573.282.842.602.672.832.84
CWIP 0.010000.060.06000.120
Investments 0000.010.040.050.050.050.050.05
Inventories4.765.285.846.406.615.425.285.476.468.45
Trade Receivables2.703.663.434.164.894.483.134.764.184.67
Cash Equivalents 0.741.370.221.122.062.192.251.953.610.65
Others Assets0.980.780.690.881.151.251.521.091.091.13
Total Assets 12.3414.0614.0416.1318.1016.2914.8215.9918.3517.80

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.57-0.200.231.010.091.652.431.020.05-1.91
PBT -0.31-0.210.160.130.16-0.090.060.920.070.11
Adjustment 0.611.030.991.061.321.371.020.750.901.02
Changes in Working Capital 0.28-1.01-0.91-0.18-1.380.391.4-0.64-0.92-3.06
Tax Paid -0.010-0.010-0.02-0.03-0.04-0.020.010.02
Cash Flow From Investing Activity -0.82-0.46-1.27-0.77-0.53-0.29-0.15-0.49-2.691.56
Capex -0.85-0.48-1.29-0.80-0.54-0.37-0.29-0.57-0.79-0.53
Net Investments 000-0.01-0.04-0.0100-22
Others 0.030.020.020.030.040.080.140.080.100.09
Cash Flow From Financing Activity 0.821.29-0.080.651.38-1.22-2.22-0.832.30-0.60
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 1.440.35-0.210.22-0.22-0.48-0.58000
Interest Paid -0.13-0.22-0.40-0.44-0.54-0.55-0.44-0.42-0.39-0.32
Dividend Paid -0.03000000000
Others -0.451.160.520.882.15-0.19-1.20-0.402.69-0.28
Net Cash Flow 0.570.63-1.120.900.940.130.06-0.30-0.34-0.96
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)1.141.260.521.342.3-1.190.7211.160.851.26
ROCE (%)4.715.456.87.176.84.494.511.924.634.14
Asset Turnover Ratio1.991.921.821.881.841.551.461.951.61.34
PAT to CFO Conversion(x)7.13-2.225.7511.220.56N/A48.61.160.71-17.36
Working Capital Days
Receivable Days46465149526461485967
Inventory Days717279797582866579112
Payable Days1521331149694110102747886

Fine-Line Circuits Ltd Stock News

Fine-Line Circuits Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Fine-Line Circuits on 11-Nov-2024 16:59 is ₹104.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Nov-2024 16:59 the market cap of Fine-Line Circuits stood at ₹50.24.
The latest P/E ratio of Fine-Line Circuits as of 11-Nov-2024 16:59 is 126.2.
The latest P/B ratio of Fine-Line Circuits as of 11-Nov-2024 16:59 is 5.82.
The 52-week high of Fine-Line Circuits is ₹113.5 and the 52-week low is ₹48.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fine-Line Circuits is ₹27.85 ( Cr.) .

About Fine-Line Circuits Ltd

Fine-Line Circuits Ltd (FLCL) being a 100 % export oriented unit (EOU) has been continually maintaining its capabilities to cover standard design & complexities. Given the forthcoming lead free environment, FLCL offers a variety of lead free finishes.

The company's principal activity is to manufacture electronic components. It manufactures printed circuit boards, like, rigid glass epoxy multi layer and double side, rigid CEM, rigid flex, backplane, impedance controlled, metallic heatsink and bind and buries via printed circuit boards.

Fine-Line Circuits commits itself to manufacture and deliver defect-free PCBs to manufacturing industries by continually upgrading the services, process capability, product range, and with a constant customer focus shall achieve customer satisfaction.

Product range of the company includes:

  • Multi Layer PCBs Complex Highcount MLBs with fine pitch SMDs on both sides. High Copper Board -- The typical high copper thickness achievable is at 210 microns. Upon request & with very special process & material they can go upto 350 micron with varying copper thickness for each layer. 
  • Impedance Controlled PCBs Impedance controlled multilayer boards for high frequency and high speed applications. 
  • Backplane PCBs This type of special purpose board requires very dense package of plated through holes which are structurally strong and ductile to guarantee high speed and stable electronic signal flow.  
  • Single & Double Sided PCBs Most common PCBs for consumer and industrial electronics devices. Large volume single-sided which can be CEM or FR4 pierced and blanked with hard tools & double sided PTH Routed/Scored. 

Product quality of the company confirms to

  • IPC A 600 Rev. F 
  • PERFAG 2E 
  • PERFAG 3C
  • IPC RB 276 
  • MIL P 55110D 

Awards & Achievements

An ISO 9001-2000 certified company

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