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Indian Link Chain Manufacturers Ltd (INLCM) · mywealthgrid

Indian Link Chain Manufacturers Ltd

BSE:INLCM

IndustrialsIndustrial Products

₹230.1

-5%2 Oct, 9:30 am

Mkt cap

₹62 Cr

Watch Alert Compare

About

Indian Link Chain Manufacturers Ltd manufactures link chains for industrial use. At ₹135.74 Cr market cap with quarterly revenues of ₹0.03–0.3 Cr, it operates as a niche player in the broader industrial products sector. The company's recent stock split (Jan 2024) and -52.54% one-year return reflect severe operational challenges.

Face value: ₹10

Market cap

₹62 Cr

P/E

—

P/B

2.7×

Dividend yield

ROE

-1.6%

ROCE

-1.7%

Debt / equity

0.01

OPM

—

EPS (TTM)

₹-1.4

Book value

₹84.8

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Chronic unprofitability: net losses in all recent quarters (₹0.07–0.11 Cr) with operating margins from -57% to -485% and ROE of -12.04% indicate the company is destroying shareholder value.
Minimal and volatile revenue: quarterly revenues range ₹0.03–0.3 Cr with no uptrend visible; verify whether this reflects market demand, production shutdowns, or a broken business model.
Extreme stock volatility: 52-week range of ₹491.6–₹2,589 (5.3x spread) suggests illiquidity or structural distress; verify cause and implications for delisting or mandatory restructuring.
Zero institutional interest: FII 0%, DII 0.01%; verify whether exclusion reflects governance red flags, disclosure gaps, or operational opacity that make the stock ineligible for fund mandates.

Generated analysis · source review pending

Growth drivers

Zero debt (D/E = 0) removes leverage as a compounding headwind — verify whether the company can restructure to profitability without raising debt.
Minimal quarterly revenue (₹0.03–0.3 Cr) could expand if industrial products cycle recovers — verify current market conditions, the company's addressable market size, and customer concentration.
Minimal revenue could reflect idle capacity — verify order backlog, production utilization, and ability to scale if demand returns.

Generated analysis · source review pending

436 historical price candles were omitted because the exchange source has not been verified.

₹230.1-9.7%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of 1.5% (3-yr avg)
−Promoter holding fell 18 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

42/100

Business quality: 33
Growth: 0
Valuation: 92

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

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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
	0	1	1	0	1	0	0	0	0	0	0
COGS	-0	-1	-1	-0	-1	0	0	0	0	0	0
	1	2	1	1	2	1	1	1	0	0	0
	-0	-0	-0	-0	-1	-1	-1	-1	-0	-0	-0
OPM %	-88%	-9.8%	-18.6%	-83.3%	-89.7%	-304.6%	—	—	—	—	—
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Interest	—	—	—	—	—	0	0	0	0	0	0
	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	-0	-0	-0	1	-0	-0	-0	-0	0	0	-0
Tax	0	-0	-0	0	—	0	0	0	0	0	0
Tax %	0%	-285.7%	-75%	46.6%	—	0%	0%	0%	0%	26.7%	0%
	-0	0	-0	0	-0	-0	-0	-0	0	0	-0
PAT margin %	-64%	15.2%	-2.9%	114.3%	-46.2%	-177.3%	—	—	—	—	—
EPS (₹)	-26.6	29	-3.3	95.8	-71.4	-77.6	-92.3	-91.3	17.9	21.9	-1.2
EPS adjusted (₹)	—	—	—	—	-7.2	-7.8	-9.2	-9.2	1.8	2.2	-0.8
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 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	1	1	1	1	1	1	3
Reserves	—	4	3	3	3	3	20
	—	0	0	0	0	0	0
	—	1	0	0	0	0	1
Total equity & liabilities	—	5	4	4	4	4	24
	0	0	0	0	0	0	0
CWIP	—	0	0	—	—	0	0
Investments	—	0	0	0	0	0	0
	0	4	4	3	4	4	24
Total assets	0	5	4	4	4	4	24

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	-1	-1	-0	-0	-20
	1	1	0	0	0	0
	0	0	0	0	0	20
Net cash flow	-0	0	-0	-0	0	0
Free cash flow	-1	-1	-1	-0	-0	-20
CFO / Operating profit %	—	—	—	—	—	—

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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 %	—	—	0%	—	—	—	—	—
EBITDA margin %	-83.3%	-89.7%	-304.6%	—	—	—	—	—
EBIT margin %	-97.6%	-91%	-309.1%	—	—	—	—	—
PAT margin %	114.3%	-46.2%	-177.3%	—	—	—	—	—
Working capital
Receivable days	—	—	199	—	—	—	—	—
Inventory days	—	—	0	—	—	—	—	—
Payable days	—	—	249	—	—	—	—	—
NWC days	—	—	-50	—	—	—	—	—
Leverage
Current ratio	—	—	0.69	7.5	4.33	0.38	0.59	0.98
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	0	0	0	0	0	0.01
Interest coverage	—	—	—	—	—	—	—	—
Asset turnover	—	3	0.05	0	0	0	0	0
Return ratios
Return on assets %	—	-138.5%	-8.6%	-11.6%	-13.1%	2.5%	3%	-0.9%
Return on capital employed %	—	—	-9.4%	-12%	-13.7%	2.8%	4.3%	-1.7%
Return on equity %	—	—	-9.6%	-12.8%	-14.7%	2.8%	3.3%	-0.9%

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.

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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
	55.4%	55.4%	55.4%	55.4%	55.4%	55.4%	55.4%	55.4%	8.66%	37.38%	37.38%	37.38%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.01%	0.01%	0.01%	0.01%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	44.52%	44.52%	44.52%	44.52%	44.52%	44.52%	44.52%	44.52%	91.33%	62.61%	62.61%	62.61%
No. of shareholders	—	—	—	—	—	—	—	—	1,389	1,932	2,030	2,058

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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.

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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 Indian Link Chain Manufacturers Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

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

1

Board meeting to consider results10 Aug 2026

1

Face value ₹100 → ₹103 Jan 2024 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

77 announcementsExport CSV

30 Sept 2026, 12:04 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

17 Sept 2026, 2:22 pmOthers

Grant Of Extension Of Time By The Registrar Of Companies For Holding The 68Th Annual General Meeting Of The Company

Exchange filing PDF

2 Sept 2026, 1:32 pmOthers

Intimation Regarding Application For Extension Of Time For Holding 68Th Annual General Meeting

Exchange filing PDF

10 Aug 2026, 6:14 pmResult

Unaudited Financial Results For The Quarter Ended June 30, 2026

Financial Results PDF

10 Aug 2026, 6:09 pmBoard Meeting

Board Meeting Outcome for Outcome Of The Board Meeting Held On August 10, 2026

Outcome of Board Meeting PDF

29 Jul 2026, 3:38 pmCompany Update

Clarification On Price Movement

General PDF

24 Jul 2026, 5:52 pmCompany Update

Clarification sought from Indian Link Chain Manufacturers Ltd

Clarification

3 Jul 2026, 3:20 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
30 Sept 2026, 12:04 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
17 Sept 2026, 2:22 pm	Others	Grant Of Extension Of Time By The Registrar Of Companies For Holding The 68Th Annual General Meeting Of The Company

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	0%	—	—	—	—	—
EBITDA margin %	-83.3%	-89.7%	-304.6%	—	—	—	—	—
EBIT margin %	-97.6%	-91%	-309.1%	—	—	—	—	—
PAT margin %	114.3%	-46.2%	-177.3%	—	—	—	—	—
Working capital
Receivable days	—	—	199	—	—	—	—	—
Inventory days	—	—	0	—	—	—	—	—
Payable days	—	—	249	—	—	—	—	—
NWC days	—	—	-50	—	—	—	—	—
Leverage
Current ratio	—	—	0.69	7.5	4.33	0.38	0.59	0.98
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	0	0	0	0	0	0.01
Interest coverage	—	—	—	—	—	—	—	—
Asset turnover	—	3	0.05	0	0	0	0	0
Return ratios
Return on assets %	—	-138.5%	-8.6%	-11.6%	-13.1%	2.5%	3%	-0.9%
Return on capital employed %	—	—	-9.4%	-12%	-13.7%	2.8%	4.3%	-1.7%
Return on equity %	—	—	-9.6%	-12.8%	-14.7%	2.8%	3.3%	-0.9%

17 deals · 2 Jan 2023 – 4 Nov 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Nov 2025	VISHAL PRAVIN THAKKAR	Bulk	BSE	Sell	1,50,242	₹1,747.07	₹26.25 Cr
31 Oct 2025	VISHAL PRAVIN THAKKAR	Bulk	BSE	Sell	30,000	₹1,666.90	₹5.00 Cr
30 Oct 2025	VISHAL PRAVIN THAKKAR	Bulk	BSE	Sell	50,000	₹1,700.90	₹8.50 Cr
1 Oct 2025	DAIZAM AGGARWAL	Bulk	BSE	Sell	2,654	₹1,840.30	₹0.49 Cr
22 Sept 2025	NEO APEX VENTURE LLP	Bulk	BSE	Sell	2,800	₹1,602.35	₹0.45 Cr
17 Sept 2025	VISHAL PRAVIN THAKKAR	Bulk	BSE	Sell	25,000	₹1,510.00	₹3.78 Cr
17 Sept 2025	NEO APEX VENTURE LLP	Bulk	BSE	Buy	5,000	₹1,510.00	₹0.76 Cr
17 Sept 2025	SKYBRIDGE INCAP ADVISORY LLP	Bulk	BSE	Buy	4,900	₹1,510.00	₹0.74 Cr
17 Sept 2025	SAFAL NETCARDS PRIVATE LIMITED	Bulk	BSE	Buy	4,000	₹1,510.00	₹0.60 Cr
17 Sept 2025	TVISHA CORPORATE ADVISORS LLP	Bulk	BSE	Buy	3,557	₹1,510.00	₹0.54 Cr

1–10 of 17

1 / 2

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.

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Hbl Engineering LimitedHBLENGINEHBLENGINE	₹21,604 Cr	₹21,648 Cr	₹2,718 Cr	₹716 Cr	33.7%	₹537 Cr	24.7%	57.1%	44.1%	171
Inox India LimitedINOXINDIAINOXINDIA	₹19,688 Cr	₹19,758 Cr	₹1,618 Cr	₹343 Cr	21.6%	₹255 Cr	16.3%	34.7%	25.9%	241
Krn Heat Exchanger And Refrigeration LimitedKRNKRN	₹9,266 Cr	₹9,454 Cr	₹737 Cr	₹144 Cr	18.7%	₹97 Cr	12.7%	19.2%	14.3%	208
Esab India LimitedESABINDIAESABINDIA	₹8,471 Cr	₹8,471 Cr	₹1,577 Cr	₹290 Cr	17.9%	₹222 Cr	13.7%	62.6%	52.3%	34
Subros LimitedSUBROSSUBROS	₹4,466 Cr	₹4,495 Cr	₹3,909 Cr	₹323 Cr	8.6%	₹166 Cr	4.4%	18.8%	14.2%	34
Harsha Engineers International LimitedHARSHAHARSHA	₹4,318 Cr	₹4,689 Cr	₹1,719 Cr	₹252 Cr	14.7%	₹155 Cr	9.5%	15.4%	11.7%	171
Ador Welding LimitedADORADOR	₹2,732 Cr	₹2,733 Cr	₹1,198 Cr	₹153 Cr	10.6%	₹114 Cr	7.2%	21.8%	15.4%	53
Diffusion Engineers LimitedDIFFNKGDIFFNKG	₹1,737 Cr	₹1,765 Cr	₹436 Cr	₹61 Cr	14.1%	₹55 Cr	12.4%	16.6%	13%	159
Mic Electronics LimitedMICELMICEL	₹868 Cr	₹912 Cr	₹223 Cr	₹25 Cr	13.3%	₹-12 Cr	-6.6%	9.8%	-5.8%	278
Technocrats Plasma Systems LtdTECHNOCRATTECHNOCRAT	₹716 Cr	—	—	—	—	—	—	—	—	—
Hy-Tech Engineers LimitedHTELHTEL	₹692 Cr	₹721 Cr	₹189 Cr	₹42 Cr	22%	₹23 Cr	11.9%	23.1%	20.2%	—
Mallcom (India) LimitedMALLCOMMALLCOM	₹580 Cr	₹700 Cr	₹527 Cr	₹56 Cr	11.2%	₹27 Cr	5.6%	15.4%	9.7%	159

Indian Link Chain Manufacturers Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Stock splits1

Announcements

Not in the F&O segment

Ratio timeline

Board meetings1

Stock splits1

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

1

1

1

1