1:1 Bonus Shares & 1:2 Stock Split: Friday, 20th December Record Date; BUY/SELL?

One of India's top producers, distributors, and suppliers of pens is Linc Limited. With a national and worldwide presence in more than 50 countries, Linc Limited (formerly known as Linc Pen & Plastics Limited) is one of India's most reputable pen brands. The corporation has a robust and wide-ranging network across South East Asia, the Middle East, the United States, the United Kingdom, Europe, South America, Africa, Russia, and the Commonwealth of Independent States. The largest stationery company in Asia, Deli, and the well-known pen brand Uni-ball, made by Mitsubishi Pencil Co. in Japan, are exclusively imported and distributed in India by Linc Ltd.

Linc Bonus Shares & Stock Split

For the purpose of sub-division / split of each equity share of face value of Rs.10/- each fully paid-up into 2 equity shares of face value of Rs. 5 /- each, fully paid-up as well as issue of bonus shares in the ratio of 1:1 i.e. 1 new fully paid-up equity share of Rs.5/- each for every 1 existing fully paid-up equity share of Rs.5/- each, the Board of Directors of the company have fixed Friday, 20th December 2024 as the record date said Linc in a stock exchange filing.

Linc Financials

Linc's profit after tax (PAT) climbed from Rs 771 crore in Q2FY24 to Rs 879 crore in Q2FY25, a 14% year-on-year (Y-o-Y) growth. From Rs 13,315 crore in the September quarter of FY24 to Rs 13,728 crore in the September quarter of FY25, the company's total income increased 3.1% year on year. From Rs 1,452 crore in Q2FY24 to Rs 1,630 crore in Q2FY25, the company's earnings before interest, tax, depreciation, and amortisation (Ebitda) increased 12.2% annually. As a result, the EBITDA margin climbed from 10.9 per cent in Q2FY24 to 11.9 per cent in Q2FY25, a 97 basis point (bps) growth.

Linc Share Price Target

"Linc Ltd stock price is slightly bearish on the Daily charts with strong resistance at 698. A Daily close below support of 673 could lead to a target of 634 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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