1:2 Stock Split, 1:1 Bonus Shares Approved: Record Date Will Be Intimated In Due Course; BUY?

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 writing instrument makers. It is one of the top producers of writing instruments in India. It 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 CIS countries. 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 Stock Split

The Board of Directors considered and approved "Sub-division / split of each equity share of face value of Rs.10/- (Rupees Ten only) each, fully paid-up into 2 (two) equity shares of face value of Rs.5 /- (Rupees Five only) each, fully paid-up by alteration of Capital Clause of the Memorandum of Association of the Company, subject to the approval of the shareholders of the Company. The Record Date for sub-division/ split of existing equity shares will be intimated in due course," said the company in a stock exchange filing on 29th October 2024.

Linc Bonus Shares

The Board of Directors approved "The issue of Bonus Shares in the ratio of 1:1 i.e. 1 (one) new fully paid-up equity share of Rs.5/- (Rupees Five only) each for every 1 (one) existing fully paid-up equity share of Rs.5/- (Rupees Five only) each, to the eligible equity shareholders of the Company as on the record date by capitalisation of securities premium, subject to the approval of the shareholders of the Company. The Record Date for bonus issue will be intimated in due course," Linc further informed stock exchanges.

Linc Financials

In the September 2024 quarter, the company's net sales were Rs 134.64 crore, up 2.61% from the September 2023 quarter's Rs 131.22 crore. Its net profit increased 13.91% from Rs. 7.71 crore in Q2FY24 to Rs. 8.78 crore in Q2FY25. EBITDA increased 9.86% from Rs. 14.51 crore in the year-ago quarter to Rs. 15.94 crore in the quarter under review.

Linc Share Price Target

"Linc Ltd is bearish on the Daily charts with strong resistance at 680. A Daily close below support of 640 could lead to a target of 600 in the near term," said A R Ramachandran, Independent Research Analyst.

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