Fine Line Circuits
Information Technology
517264 BSE
₹79.61
Close ·
- P/E
- 227.46
Close 4 Nov 2026 ₹79.61 −14.39 −15.3% 1Y
Start ₹94.00
Key Fundamentals
MicrocapIT - HardwareInformation TechnologyPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 5.64%
- Debt to Equity
- 0.82
- EPS (TTM)
- ₹0.35
- Book Value
- ₹18.96
- Market Cap
- —
- P/E (TTM)
- 227.46
- P/B
- 4.20
- ROE
- 4.34%
- Dividend Yield
- 0.00%
- EBITDA
- ₹1.50 Cr
- 52W High
- ₹100.55
- 52W Low
- ₹48.22
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
46 Average
Data confidence 100/100
Category scores
- Quality
- 56
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 20
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 56
- Good
- Sales & profit trajectory 9% weight
- Financial Health
- 27
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 86
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
7- Stock is trading at 4.44 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.93% over past five years.
- Promoter holding is low: 33.4%
- Company has a low return on equity of 2.86% over last 3 years.
- Contingent liabilities of Rs.66.9 Cr.
- Company might be capitalizing the interest cost
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 6 | 4 | 9 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Strong Bullish | 4 | 0 | 6 |
Oscillators
Bullish
Bearish
2
Neutral
4
Bullish
3
Overall
Bullish
Bearish
6
Neutral
4
Bullish
9
Moving Averages
Strong Bullish
Bearish
4
Neutral
0
Bullish
6
Key readings
- RSI (14)
- 50.96
- Neutral
- MACD (12,26,9)
- 4.31
- Bearish
- SMA (50)
- 71.43
- Bullish
- SMA (200)
- 73.01
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +2.75% |
|---|---|
| 5Y | +7.93% |
| 3Y | +6.51% |
| 1Y | +9.25% |
| TTM | +19.89% |
Net profit
| 10Y | −13.96% |
|---|---|
| 5Y | −16.74% |
| 3Y | −34.14% |
| 1Y | −90.00% |
| TTM | −5.56% |
Operating cash flow
| 10Y | Turned positive |
|---|---|
| 5Y | −52.30% |
| 3Y | +6.27% |
| 1Y | −96.84% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +1.43 pp |
|---|---|
| 5Y | +0.23 pp |
| 3Y | +1.16 pp |
| 1Y | +0.86 pp |
| TTM | +0.71 pp |
Revenue by year
| Mar 2017 | ₹25.52 Cr |
|---|---|
| Mar 2018 | ₹28.31 Cr |
| Mar 2019 | ₹31.54 Cr |
| Mar 2020 | ₹26.70 Cr |
| Mar 2021 | ₹22.66 Cr |
| Mar 2022 | ₹30.06 Cr |
| Mar 2023 | ₹27.46 Cr |
| Mar 2024 | ₹24.28 Cr |
| Mar 2025 | ₹30.37 Cr |
| Mar 2026 | ₹33.18 Cr |
Net profit by year
| Mar 2017 | ₹0.04 Cr |
|---|---|
| Mar 2018 | ₹0.09 Cr |
| Mar 2019 | ₹0.16 Cr |
| Mar 2020 | −₹0.09 Cr |
| Mar 2021 | ₹0.05 Cr |
| Mar 2022 | ₹0.88 Cr |
| Mar 2023 | ₹0.07 Cr |
| Mar 2024 | ₹0.11 Cr |
| Mar 2025 | ₹0.20 Cr |
| Mar 2026 | ₹0.02 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.18 | 5.26 | 6.5 | 7.34 | 7.05 | 6.95 | 9.77 | 6.6 | 7.25 | 9.65 | 7.87 | 8.41 | 10.72 |
| Expenses | 5.03 | 5.09 | 6.09 | 7.03 | 6.76 | 6.7 | 9.37 | 6.37 | 6.93 | 9.3 | 7.44 | 7.94 | 10.27 |
| Operating Profit | 0.15 | 0.17 | 0.41 | 0.31 | 0.29 | 0.25 | 0.4 | 0.23 | 0.32 | 0.35 | 0.43 | 0.47 | 0.45 |
| OPM % | 2.9% | 3.23% | 6.31% | 4.22% | 4.11% | 3.6% | 4.09% | 3.48% | 4.41% | 3.63% | 5.46% | 5.59% | 4.2% |
| Other Income | 0.03 | 0.03 | 0 | 0.01 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | −0.35 | 0.01 |
| Interest | 0.15 | 0.14 | 0.07 | 0.07 | 0.07 | 0.06 | 0.13 | 0.09 | 0.09 | 0.09 | 0.11 | 0.11 | 0.12 |
| Depreciation | 0.14 | 0.14 | 0.14 | 0.15 | 0.14 | 0.15 | 0.16 | 0.16 | 0.17 | 0.19 | 0.2 | 0.21 | 0.17 |
| PBT | −0.11 | −0.08 | 0.2 | 0.1 | 0.08 | 0.04 | 0.11 | −0.01 | 0.06 | 0.07 | 0.12 | −0.2 | 0.17 |
| Tax % | 0% | 0% | 5% | 0% | 12.5% | 25% | 0% | 100% | 16.67% | 14.29% | 0% | −5% | 5.88% |
| Net Profit | −0.11 | −0.07 | 0.2 | 0.09 | 0.07 | 0.04 | 0.1 | −0.02 | 0.06 | 0.07 | 0.12 | −0.19 | 0.17 |
| EPS (₹) | −0.23 | −0.15 | 0.42 | 0.19 | 0.15 | 0.08 | 0.21 | −0.04 | 0.12 | 0.15 | 0.25 | −0.4 | 0.35 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23.68 | 25.29 | 25.52 | 28.31 | 31.54 | 26.7 | 22.66 | 30.06 | 27.46 | 24.28 | 30.37 | 33.18 | 36.65 |
| Expenses | 23.13 | 24.41 | 24.17 | 26.73 | 29.91 | 25.39 | 21.6 | 28.24 | 26.43 | 23.11 | 29.14 | 31.55 | 34.95 |
| Operating Profit | 0.55 | 0.88 | 1.35 | 1.58 | 1.63 | 1.31 | 1.06 | 1.82 | 1.03 | 1.17 | 1.23 | 1.63 | 1.7 |
| OPM % | 2.32% | 3.48% | 5.29% | 5.58% | 5.17% | 4.91% | 4.68% | 6.05% | 3.75% | 4.82% | 4.05% | 4.91% | 4.64% |
| Other Income | 0.34 | 0.2 | 0.01 | 0.02 | 0.04 | 0.09 | 0.09 | 0.08 | 0.09 | 0.02 | 0.02 | −0.37 | −0.34 |
| Interest | 0.39 | 0.36 | 0.53 | 0.65 | 0.7 | 0.69 | 0.5 | 0.48 | 0.55 | 0.5 | 0.43 | 0.49 | 0.43 |
| Depreciation | 0.52 | 0.58 | 0.67 | 0.81 | 0.8 | 0.8 | 0.6 | 0.5 | 0.5 | 0.58 | 0.6 | 0.76 | 0.77 |
| PBT | −0.02 | 0.14 | 0.16 | 0.14 | 0.17 | −0.09 | 0.05 | 0.92 | 0.07 | 0.11 | 0.22 | 0.01 | 0.16 |
| Tax % | −500% | 42.86% | 81.25% | 35.71% | 0% | 0% | 20% | 4.35% | 0% | 9.09% | 9.09% | 0% | — |
| Net Profit | 0.08 | 0.09 | 0.04 | 0.09 | 0.16 | −0.09 | 0.05 | 0.88 | 0.07 | 0.11 | 0.2 | 0.02 | 0.17 |
| EPS (₹) | 0.17 | 0.19 | 0.08 | 0.19 | 0.33 | −0.19 | 0.1 | 1.83 | 0.15 | 0.23 | 0.42 | 0.04 | 0.35 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 |
| Reserves | 1.94 | 2.02 | 2.07 | 2.19 | 2.43 | 2.51 | 2.66 | 3.5 | 3.69 | 3.72 | 3.99 | 4.31 |
| Borrowings | 1.55 | 3.03 | 3.35 | 4.56 | 6.48 | 5.82 | 4.03 | 3.63 | 6.32 | 6.03 | 5.8 | 7.47 |
| Other Liabilities | 4.36 | 4.48 | 3.97 | 4.69 | 4.52 | 3.29 | 3.46 | 4.16 | 3.65 | 3.37 | 3.23 | 5.13 |
| Total Liabilities | 12.68 | 14.36 | 14.22 | 16.27 | 18.26 | 16.45 | 14.98 | 16.12 | 18.49 | 17.95 | 17.85 | 21.74 |
| Fixed Assets | 3.16 | 2.98 | 3.86 | 3.57 | 3.28 | 2.84 | 2.6 | 2.67 | 2.83 | 2.84 | 3.3 | 3.45 |
| CWIP | 0.01 | 0 | 0 | 0 | 0.06 | 0.06 | 0 | 0 | 0.12 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0.01 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Other Assets | 9.51 | 11.38 | 10.36 | 12.69 | 14.88 | 13.5 | 12.33 | 13.4 | 15.49 | 15.06 | 14.5 | 18.24 |
| Total Assets | 12.68 | 14.36 | 14.22 | 16.27 | 18.26 | 16.45 | 14.98 | 16.12 | 18.49 | 17.95 | 17.85 | 21.74 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0.57 | −0.2 | 0.23 | 1.01 | 0.09 | 1.65 | 2.43 | 1.02 | 0.05 | −1.91 | 1.9 | 0.06 |
| Investing | −0.82 | −0.46 | −1.3 | −0.77 | −0.53 | −0.29 | −0.15 | −0.49 | −2.69 | 1.56 | −1.04 | −1.5 |
| Financing | 0.82 | 1.29 | −0.08 | 0.77 | 1.38 | −1.22 | −2.22 | −0.83 | 2.3 | −0.6 | −0.59 | 1.28 |
| Net Cash Flow | 0.57 | 0.63 | −1.14 | 1.01 | 0.94 | 0.13 | 0.06 | −0.3 | −0.34 | −0.96 | 0.27 | −0.17 |
| Free Cash Flow | −0.28 | −0.68 | −1.05 | 0.21 | −0.45 | 1.28 | 2.14 | 0.45 | −0.74 | −2.44 | 0.85 | −1.45 |
| CFO/EBITDA | 105 | −23 | 18 | 64 | 7 | 128 | 233 | 57 | 4 | −165 | 155 | 7 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 41.62 | 52.82 | 49.06 | 53.63 | 56.59 | 61.24 | 50.42 | 57.8 | 55.56 | 70.2 | 52.28 | 58.08 |
| Inventory Days | 194 | 205 | 230 | 205 | 177 | 210 | 242 | 154 | 193 | 330 | 226 | 233 |
| Days Payable | 145 | 128 | 96.86 | 113 | 93.53 | 85.06 | 102 | 84.77 | 65.57 | 116 | 85.29 | 117 |
| Cash Conversion Cycle | 90.04 | 129 | 182 | 146 | 140 | 186 | 191 | 127 | 183 | 284 | 193 | 174 |
| Working Capital Days | 54.26 | 49.94 | 52.63 | 44.22 | 28.01 | 28.02 | 30.93 | 38.73 | 18.48 | 65.54 | 70.67 | 68.09 |
| ROCE % | 0.77% | 3.52% | 6.95% | 7.33% | 6.87% | 4.39% | 4.46% | 11.93% | 4.7% | 4.49% | 4.45% | 5.64% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Fine Line Circuits insights
58 extracted metrics across FY10–FY27.
Documents
Frequently Asked Questions about Fine Line Circuits
What does Fine Line Circuits Ltd do?
Incorporated in 1989, Fine Line Circuits Ltd is engaged in manufacturing of Printed Circuit Boards
Where is Fine Line Circuits Ltd (FINELINE) listed?
Fine Line Circuits Ltd trades under code 517264 on the BSE.
Which sector does Fine Line Circuits Ltd belong to?
Fine Line Circuits Ltd is classified under the Information Technology sector, in the IT - Hardware industry.
What is the PE ratio of Fine Line Circuits Ltd?
Fine Line Circuits Ltd trades at a PE ratio of 227.46 as of 4 Nov 2026, on earnings per share of ₹0.35, against a book value of ₹18.96 per share.
What is the 52-week high and low of Fine Line Circuits Ltd?
Over the last 52 weeks Fine Line Circuits Ltd has traded between ₹48.22 and ₹100.55 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Fine Line Circuits Ltd?
Fine Line Circuits Ltd reported a return on equity of 4.34%. Its debt-to-equity ratio is 0.82.
Company Information
Incorporated in 1989, Fine Line Circuits Ltd is engaged in manufacturing of Printed Circuit Boards
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