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Swing Capital

Smartlink Holdings Ltd

NSE: SMARTLINK BSE: 532419

Incorporated in 1992, Smartlink Holdings Ltd operates as an Investment Company and earns majorly from investing activity[1]

₹163
52W: ₹102 — ₹199
PE 12.3 · Book ₹214 · -24% vs book
Market Cap₹163 Cr
Stock P/E12.3Price to Earnings
ROCE6.6%Return on Capital
ROE6.39%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Company is almost debt free.
  • +Stock is trading at 0.78 times its book value
  • +Company is expected to give good quarter
  • +Company has delivered good profit growth of 22.0% CAGR over last 5 years

Weaknesses

  • −Tax rate seems low
  • −Company has a low return on equity of 3.62% over last 3 years.
  • −Earnings include an other income of Rs.23.7 Cr.
  • −Debtor days have increased from 81.0 to 125 days.
  • −Working capital days have increased from 138 days to 299 days

Shareholding Pattern

Promoters72.85%
FIIs0%
DIIs0%
Public27.15%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters72.84%72.84%72.84%72.84%72.85%▲0.072.85%72.85%72.85%
FIIs0.66%0.91%▲0.30.8%▼0.10.29%▼0.50%▼0.30%0%0%
DIIs0.48%0.41%▼0.10%▼0.40%0%0%0%0%
Public26.01%25.83%▼0.226.35%▲0.526.86%▲0.527.16%▲0.327.16%27.15%▼0.027.15%

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1736327302919292553
Expenses1934229313321312852
Operating Profit-231-2-2-3-3-2-31
OPM %-9%7%32%-9%-5%-10%-14%-7%-13%2%
Net Profit05002200-114
EPS ₹0.344.810.50.011.51.740.12-0.39-0.8214.34

AI Insights

Revenue Trend

Mar 2026 revenue at ₹125Cr, up 28.9% YoY. OPM at -5%.

Debt Position

Borrowings at ₹2Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (-0.01pp change). Promoters hold 72.85%.

Margin & Efficiency

ROCE improving from 3% (Mar 2015) to 7% (Mar 2026). Working capital days: 299.

Valuation

PE 12.3x with 6.6% ROCE. Price is -24% above book value of ₹214. Dividend yield: 0%.

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