Linc Limited

rs,

e, Kolkata – 700001 The Manager The Department of Corporate Services, BSE Limited, P. J. Towers, Dalal Street, Mumbai - 400001 The Manager, The Listing Department, National Stock Exchange of

₹10

rument ▪ Global brand from ▪ Asia’s largest stationery brand launched in FY19 by Linc in MRP ₹10 and above segment. ▪ Known for its super smooth writing and sleek design. Mitsubishi Pencil Co.

6.6%

n India – Crisil Jun’23 • Linc Ltd. is one of India’s largest writing instrument companies with 6.6% market share in the writing instrument segment as of FY 23 • National and international prese

7.0%

was established in 2017 ▪ Umbergaon Manufacturing Facility Trend of Financial Performance. CAGR 7.0% Growth 8.1% CAGR 15.7% Growth 16.7% S C A L ₹ 48,676 39,699 35,496 25,666 22,492 24,309

8.1%

ed in 2017 ▪ Umbergaon Manufacturing Facility Trend of Financial Performance. CAGR 7.0% Growth 8.1% CAGR 15.7% Growth 16.7% S C A L ₹ 48,676 39,699 35,496 25,666 22,492 24,309 31.2% 15,19

15.7%

▪ Umbergaon Manufacturing Facility Trend of Financial Performance. CAGR 7.0% Growth 8.1% CAGR 15.7% Growth 16.7% S C A L ₹ 48,676 39,699 35,496 25,666 22,492 24,309 31.2% 15,197 24.7% 9,

16.7%

Manufacturing Facility Trend of Financial Performance. CAGR 7.0% Growth 8.1% CAGR 15.7% Growth 16.7% S C A L ₹ 48,676 39,699 35,496 25,666 22,492 24,309 31.2% 15,197 24.7% 9,805 23.8% 8,

₹ 48,676

cility Trend of Financial Performance. CAGR 7.0% Growth 8.1% CAGR 15.7% Growth 16.7% S C A L ₹ 48,676 39,699 35,496 25,666 22,492 24,309 31.2% 15,197 24.7% 9,805 23.8% 8,441 22.4% 5,753 28.

31.2%

Growth 8.1% CAGR 15.7% Growth 16.7% S C A L ₹ 48,676 39,699 35,496 25,666 22,492 24,309 31.2% 15,197 24.7% 9,805 23.8% 8,441 22.4% 5,753 28.3% 30.6% 6,362 7,427 8000 40.0% 6000 30.

24.7%

AGR 15.7% Growth 16.7% S C A L ₹ 48,676 39,699 35,496 25,666 22,492 24,309 31.2% 15,197 24.7% 9,805 23.8% 8,441 22.4% 5,753 28.3% 30.6% 6,362 7,427 8000 40.0% 6000 30.0% 4000 20.0%

23.8%

wth 16.7% S C A L ₹ 48,676 39,699 35,496 25,666 22,492 24,309 31.2% 15,197 24.7% 9,805 23.8% 8,441 22.4% 5,753 28.3% 30.6% 6,362 7,427 8000 40.0% 6000 30.0% 4000 20.0% 2000 10.0% 0

22.4%

A L ₹ 48,676 39,699 35,496 25,666 22,492 24,309 31.2% 15,197 24.7% 9,805 23.8% 8,441 22.4% 5,753 28.3% 30.6% 6,362 7,427 8000 40.0% 6000 30.0% 4000 20.0% 2000 10.0% 0.0% 0 CAGR 17

Note

3

Note

1. Cash Profit = PAT + Depreciation 2. Prior period figures are restated wherever necessary ₹ Lacs H1 FY24 24,309 7,427 30.6% 2,574 10.6% 1,509 6.1% 2,262 10.15 29 Balance Sheet Summary. Particulars​ Net Worth​ Gross Debt​ Cash & Cash equivalent​ Net Debt​ Capital Employed1 Net Fixed Assets (incl CWIP)​ Net Current Assets​2 Total Assets​ FY19 12,337 6,205 11 6,194 19,388 7,541 6,087 23,240 FY20 13,697 4,575 13 4,562 19,199 7,870 7,219 24,535 FY21 13,471 812 14 797 15,025 7,106 5,437 20,046 FY22 14,285 299 9 290 15,178 8,215 6,072 20,162 FY23 17,722 - 760 (760) 18,730 9,038 7,748 23,746

Note

1. Capital Employed = Net worth + Gross Debt + Other long-term liabilities + Lease Liabilities 2. Net current assets does not include Cash & cash equivalents ₹ Lacs H1 FY24 18,470 - 597 (597) 20,977 10,949 8,154 26,231 30 Ratios. Particulars​ Ratios​ FY19 FY20 Solvency Ratios Net Debt/Op EBITDA​ Net ​Debt/Equity EBIT​/Interest Current Ratio Fixed Asset Turnover ​Total Asset Turnover Operational Ratios Inventory Days​ Debtor Days Payable Days Cash Conversion Cycle ROE ROCE Return Ratios

Note

ROCE = EBIT / Average Capital Employed & ROE = Net Profit / Average Net worth YTD figures are annualized FY21 0.06 0.78 -0.39 1.92 3.43 1.15 154 56 86 124 FY 22 0.02 0.13 15.81 2.14 4.63 1.77 98 36 60 74 ₹ Lacs FY23 H1 FY24 (0.04) (0.12) 79.78 2.56 5.64 2.22 89 27 48 68 (0.03) (0.12) 18.24 2.65 4.87 1.95 100 27 48 79 0.50 2.44 2.76 1.68 5.15 1.56 107 44 40 111 0.33 1.19 5.26 1.85 5.15 1.66 113 39 45 107 4.22% 8.97% 14.79% 14.89% 0.03% -0.62% 5.86% 7.67% 23.37% 30.24% 16.68% 21.84% 31 Focus on Shareholder Value Creation. • NCOA continues to be strong in H1 FY 24 • Consistent Dividend Pay-out track record (Other than Covid years due to cash conservation) • Steady and significant decrease in Net Debt • NCOA used judiciously to reduce Debt – Nil Debt and free cash of ₹567 lacs as on 30th Sep 2023 • Capex commitment funded largely through internal cash generation • Net Debt / Operating EBITDA reduced significantly from peak of 2.54 in FY 2018 to (0.12) in H1 FY 2024 Note # NCOA is Net Cash