Fine Line Circuits Ltd (FINELINE)

Loading page…

Fine Line Circuits Ltd (FINELINE) · mywealthgrid

About

Fine Line Circuits Ltd operates in Computers Hardware & Equipments within the Information Technology sector.

Face value: ₹10

Market cap

₹30 Cr

P/E

557.2×

P/B

3.3×

Dividend yield

ROE

0.2%

ROCE

7.1%

Debt / equity

0.82

OPM

4.7%

EPS (TTM)

₹0.1

Book value

₹18.9

52-week high

—

52-week low

—

1,560 historical price candles were omitted because the exchange source has not been verified.

₹62.7-6%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 1.3% (3-yr avg)
−Thin operating margin of 4.7%
−Profit declined 16.7% a year over the last 5 years
−Modest revenue growth of 7.9% a year over the last 5 years
−Expensive at 557.2× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

14/100

Business quality: 15
Growth: 9
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Gng Electronics LimitedEBGNGEBGNG	₹8,034 Cr	₹8,439 Cr	₹1,991 Cr	₹213 Cr	10.4%	₹142 Cr	7%	24.1%	17.4%	213
Rashi Peripherals LimitedRPTECHRPTECH	₹6,281 Cr	₹7,240 Cr	₹17,777 Cr	₹511 Cr	2.9%	₹319 Cr	1.8%	25%	14.7%	60
Moschip Technologies LimitedMOSCHIPMOSCHIP	₹3,852 Cr	₹3,888 Cr	₹566 Cr	₹53 Cr	10.2%	₹27 Cr	6%	10.9%	9.6%	-4,209
Nelco LimitedNELCONELCO	₹2,027 Cr	₹2,086 Cr	₹312 Cr	₹29 Cr	9.3%	₹4 Cr	1.1%	9.4%	2.6%	72
D-Link (India) LimitedDLINKINDIADLINKINDIA	₹1,443 Cr	₹1,443 Cr	₹1,673 Cr	₹137 Cr	8.4%	₹107 Cr	6.7%	28.5%	21.2%	57
Ivalue Infosolutions LimitedIVALUEIVALUE	₹1,197 Cr	₹1,244 Cr	₹1,007 Cr	₹142 Cr	12.7%	₹104 Cr	9.3%	24.7%	17.3%	-1
Bharat Global Developers LtdBGDLBGDL	₹1,101 Cr	₹1,105 Cr	₹0 Cr	₹0 Cr	0%	₹0 Cr	0%	0%	0%	—
Control Print LimitedCONTROLPRCONTROLPR	₹989 Cr	₹990 Cr	₹486 Cr	₹85 Cr	18.4%	₹33 Cr	9.1%	16.1%	12.1%	283
Tvs Electronics LimitedTVSELECTTVSELECT	₹743 Cr	₹785 Cr	₹465 Cr	₹16 Cr	4.3%	₹-2 Cr	0.3%	7.3%	1.3%	59
BCC Fuba India LtdBCCFUBABCCFUBA	₹632 Cr	₹648 Cr	₹47 Cr	₹7 Cr	14.8%	₹4 Cr	8.1%	24.9%	17%	83
Dc Infotech And Communication LimitedDCIDCI	₹562 Cr	₹650 Cr	₹737 Cr	₹35 Cr	4.8%	₹21 Cr	2.9%	33.5%	19.7%	78
Hcl Infosystems LimitedHCL-INSYSHCL-INSYS	₹331 Cr	₹664 Cr	₹19 Cr	₹-63 Cr	-274%	₹-26 Cr	-152.3%	—	—	53

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	25	26	28	32	27	23	30	27	24	30	33
COGS	-9	-9	-5	14	9	8	13	12	9	12	21
Gross profit	—	—	—	18	17	15	17	15	15	18	12
	35	34	32	16	16	14	15	14	14	17	11
	0	1	1	1	1	1	2	1	1	1	2
OPM %	0.6%	2.8%	4%	4.6%	4.4%	4.4%	5.9%	3.4%	4.3%	3.8%	4.7%
Depreciation	—	—	—	1	1	1	1	1	1	1	1
Interest	0	0	0	1	1	0	0	0	0	0	0
	—	—	0	0	0	0	0	0	0	0	-0
Profit before tax	0	0	0	0	-0	0	1	0	0	0	0
Tax	0	0	0	0	0	0	0	-0	0	0	0
Tax %	42.9%	70.6%	30.8%	0%	0%	0%	4.4%	-14.3%	0%	9.1%	0%
	0	0	0	0	-0	0	1	0	0	0	0
PAT margin %	0.4%	0.2%	0.3%	0.5%	-0.3%	0.2%	2.9%	0.3%	0.5%	0.7%	0.1%
EPS (₹)	0.2	0.1	0.3	0.3	-0.2	0.1	—	0.2	0.2	0.4	0
EPS adjusted (₹)	—	—	—	0.3	-0.2	0.1	1.8	0.1	0.2	0.4	0
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	5	5	5	5	5	5
Reserves	2	3	3	4	4	4	4	4
	6	5	4	4	6	6	6	7
	5	4	3	4	4	3	3	5
Total equity & liabilities	18	16	15	16	18	18	18	22
	3	3	3	3	3	3	3	3
CWIP	0	0	—	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0
	15	14	12	13	15	15	15	18
Total assets	18	16	15	16	18	18	18	22

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	56.8%	64.6%	64.9%	56.9%	55.6%	61.5%	59.7%	36.3%
EBITDA margin %	4.6%	4.4%	4.4%	5.9%	3.4%	4.3%	3.8%	4.7%
EBIT margin %	2.1%	1.4%	1.8%	4.2%	1.5%	1.9%	1.8%	2.4%
PAT margin %	0.5%	-0.3%	0.2%	2.9%	0.3%	0.5%	0.7%	0.1%
Working capital
Receivable days	57	61	50	58	56	70	52	58
Inventory days	177	210	242	154	193	330	226	157
Payable days	93	85	102	85	66	117	85	79
NWC days	140	186	190	127	183	283	193	136
Leverage
Current ratio	1.45	1.5	1.56	1.66	1.51	1.54	1.97	1.7
Debt to EBITDA	4.12	4.52	4.03	2.06	6.87	5.74	5	4.82
Debt to equity	0.83	0.72	0.54	0.44	0.74	0.71	0.66	0.82
Interest coverage	1.3	0.8	1.1	3.2	1.2	1.3	1.6	2
Asset turnover	1.73	1.62	1.51	1.86	1.49	1.35	1.7	1.53
Return ratios
Return on assets %	0.9%	-0.5%	0.3%	5.5%	0.4%	0.6%	1.1%	0.1%
Return on capital employed %	8.4%	5.6%	6.4%	17%	6.2%	6.3%	5.9%	7.1%
Return on equity %	2.2%	-1.2%	0.7%	10.6%	0.8%	1.3%	2.3%	0.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	33.4%	33.4%	33.4%	33.4%	33.4%	33.4%	33.4%	33.4%	33.4%	33.4%	33.4%	33.4%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	66.6%	66.6%	66.6%	66.6%	66.6%	66.6%	66.6%	66.6%	66.6%	66.6%	66.6%	66.6%
No. of shareholders	—	—	—	—	—	—	—	—	10,439	10,528	10,504	10,703

Promoter holding up 0 percentage points since Sep 2023.

3 deals · 29 Dec 2021 – 10 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Jun 2026	HAYAT AHMED ASIRAHMED ANSARI	Bulk	BSE	Sell	25,999	₹58.76	₹0.15 Cr
29 Dec 2021	ROHINI AJAY SHAH	Bulk	BSE	Sell	25,380	₹49.20	₹0.12 Cr
29 Dec 2021	SANKET ASHWIN SHAH	Bulk	BSE	Buy	25,000	₹49.20	₹0.12 Cr

1–3 of 3

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Ramunni Menon PremkumarNon-Executive - Non Independent Director-Chairperson
Mr. Abhay Bhagwandas DoshiExecutive Director-MD
Smt. Prema RahdakrishananChief Financial Officer
Mr. Rajiv Bhagwandas DoshiExecutive Director
Mr. Upendranath NimmagaddaNon-Executive - Non Independent Director
Mr. Gautam Bhagwandas DoshiNon-Executive - Non Independent Director
Mr. Akshay Rajendra ShahNon-Executive - Independent Director
Mrs. Maryam Shojaei BaghiniNon-Executive - Independent Director
Mr. Jayesh Khimji RambhiaNon - Executive Independent Director
Ms. Mansi GuptaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Fine Line Circuits Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Dividend dividend16 Aug 2007 · ex-date₹0.5

1

Board meeting to consider results4 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

51 announcementsExport CSV

26 Aug 2026, 1:27 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

26 Aug 2026, 1:20 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

28 Jul 2026, 7:07 pmBoard Meeting

Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended 30.06.2026

Exchange filing PDF

6 Jul 2026, 5:23 pmCompany Update

Clarification On Price Movement

General PDF

2 Jul 2026, 6:11 pmCompany Update

Clarification sought from Fine Line Circuits Ltd

Clarification

27 Jun 2026, 4:39 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

23 Jun 2026, 11:46 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

17 Jun 2026, 4:10 pmOthers

Rumour verification - Regulation 30(11)

Exchange filing PDF

Date	Category	Subject	Filing
26 Aug 2026, 1:27 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
26 Aug 2026, 1:20 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	56.8%	64.6%	64.9%	56.9%	55.6%	61.5%	59.7%	36.3%
EBITDA margin %	4.6%	4.4%	4.4%	5.9%	3.4%	4.3%	3.8%	4.7%
EBIT margin %	2.1%	1.4%	1.8%	4.2%	1.5%	1.9%	1.8%	2.4%
PAT margin %	0.5%	-0.3%	0.2%	2.9%	0.3%	0.5%	0.7%	0.1%
Working capital
Receivable days	57	61	50	58	56	70	52	58
Inventory days	177	210	242	154	193	330	226	157
Payable days	93	85	102	85	66	117	85	79
NWC days	140	186	190	127	183	283	193	136
Leverage
Current ratio	1.45	1.5	1.56	1.66	1.51	1.54	1.97	1.7
Debt to EBITDA	4.12	4.52	4.03	2.06	6.87	5.74	5	4.82
Debt to equity	0.83	0.72	0.54	0.44	0.74	0.71	0.66	0.82
Interest coverage	1.3	0.8	1.1	3.2	1.2	1.3	1.6	2
Asset turnover	1.73	1.62	1.51	1.86	1.49	1.35	1.7	1.53
Return ratios
Return on assets %	0.9%	-0.5%	0.3%	5.5%	0.4%	0.6%	1.1%	0.1%
Return on capital employed %	8.4%	5.6%	6.4%	17%	6.2%	6.3%	5.9%	7.1%
Return on equity %	2.2%	-1.2%	0.7%	10.6%	0.8%	1.3%	2.3%	0.2%

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	0	2	2	1	0	-2	2	0
	-1	-1	-0	-0	-0	-3	2	-1	-2
	1	1	-1	-2	-1	2	-1	-1	1
Net cash flow	1	1	0	0	-0	-0	-1	0	-0
Free cash flow	0	-0	1	2	0	-1	-2	1	-1
CFO / Operating profit %	88.6%	6.2%	141%	243%	58%	5.4%	-181.9%	162.9%	4.5%

Fine Line Circuits Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

1

Announcements

Not in the F&O segment

No fund holdings on record

1

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Fine Line Circuits Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends1

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Dividends1

Board meetings1

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1