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Last Updated: April 2, 2026, 3:41 am
Author: Getaka|Social: XLinkedIn

Smartlink Holdings Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹61.70Overvalued by 44.91%vs CMP ₹112.00

P/E (11.0) × ROE (3.4%) × BV (₹201.00) × DY (2.00%)

₹114.38Fairly Valued by 2.13%vs CMP ₹112.00
MoS: +2.1% (Thin)Confidence: 43/100 (Low)Models: 3 Under, 2 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹61.3823%Over (-45.2%)
Graham NumberEarnings₹214.2516%Under (+91.3%)
Earnings PowerEarnings₹72.6511%Over (-35.1%)
DCFCash Flow₹106.5414%Fair (-4.9%)
Net Asset ValueAssets₹201.807%Under (+80.2%)
EV/EBITDAEnterprise₹27.249%Over (-75.7%)
Earnings YieldEarnings₹101.507%Fair (-9.4%)
ROCE CapitalReturns₹90.127%Over (-19.5%)
Revenue MultipleRevenue₹216.945%Under (+93.7%)
Consensus (9 models)₹114.38100%Fairly Valued
Key Drivers: ROE 3.4% is below cost of equity. | Wide model spread (₹27–₹217) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -0.5%

*Investments are subject to market risks

Investment Snapshot

49
Smartlink Holdings Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 3.4% WeakROE 3.4% WeakD/E 0.12 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 72.9% Stable
Earnings Quality40/100 · Moderate
OPM contracting (8% → 0%) Declining
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 5% YoY FlatProfit (4Q): -12% YoY Declining
Industry Rank55/100 · Moderate
P/E 11.0 vs industry 98.5 Cheaper than peersROCE 3.4% vs industry 21.7% Below peersROE 3.4% vs industry 14.2% Below peers3Y sales CAGR: 39% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:41 am

Market Cap 111 Cr.
Current Price 112
Intrinsic Value₹114.38
High / Low 175/102
Stock P/E11.0
Book Value 201
Dividend Yield0.00 %
ROCE3.35 %
ROE3.42 %
Face Value 2.00
PEG Ratio-21.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Smartlink Holdings Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Smartlink Holdings Ltd 111 Cr. 112 175/10211.0 2010.00 %3.35 %3.42 % 2.00
Ganges Securities Ltd 110 Cr. 110 191/98.265.3 6590.00 %1.10 %0.95 % 10.0
Steel City Securities Ltd 113 Cr. 74.8 117/71.38.15 88.55.35 %18.2 %13.8 % 10.0
Escorp Asset Management Ltd 124 Cr. 112 213/64.526.7 63.50.00 %33.0 %28.1 % 10.0
Adinath Exim Resources Ltd 132 Cr. 143 166/41.2 29.80.00 %1.05 %0.76 % 10.0
Industry Average6,725.79 Cr1,029.6498.514,364.490.43%21.71%14.20%7.23

All Competitor Stocks of Smartlink Holdings Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 37.6749.9838.4251.8237.5975.9740.0855.2953.7365.4337.0270.2762.70
Expenses 36.1048.4838.7049.1840.6067.0841.6556.2153.1464.8536.4468.7061.60
Operating Profit 1.571.50-0.282.64-3.018.89-1.57-0.920.590.580.581.571.10
OPM % 4.17%3.00%-0.73%5.09%-8.01%11.70%-3.92%-1.66%1.10%0.89%1.57%2.23%1.75%
Other Income 21.210.260.260.022.833.042.763.402.693.073.312.303.09
Interest 0.480.560.610.560.500.560.450.240.520.330.090.110.35
Depreciation 0.780.780.850.870.870.870.910.930.950.940.941.041.06
Profit before tax 21.520.42-1.481.23-1.5510.50-0.171.311.812.382.862.722.78
Tax % 18.63%-330.95%-16.22%32.52%-21.29%17.24%158.82%48.85%-40.33%-60.92%24.13%31.25%19.78%
Net Profit 17.511.81-1.240.83-1.218.68-0.440.672.543.842.181.862.24
EPS in Rs 17.541.73-1.240.83-1.218.70-0.440.672.553.852.191.862.25

Last Updated: March 3, 2026, 2:40 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 9:16 pm

MetricMar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 7011815010499108757080163198215235
Expenses 57315317610897105816070158195216232
Operating Profit -503-34-26-423-6111053-14
OPM % -724%-29%-17%-4%2%2%-7%15%12%3%1%-1%2%
Other Income 9753623201-42122121212
Interest 0000013112221
Depreciation 4442223323344
Profit before tax 468-2-6-501-1597239511
Tax % 22%-2%-66%103%1,373%368%-3%-13%-40%15%19%-24%
Net Profit 367-2-2-10-3-2-141010197710
EPS in Rs 122.17-0.66-0.67-4.31-1.43-1.37-10.517.8010.4219.297.086.6310.15
Dividend Payout % 26%-305%-300%-46%-140%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-100.54%0.00%70.00%33.33%-600.00%171.43%0.00%90.00%-63.16%0.00%
Change in YoY Net Profit Growth (%)0.00%100.54%70.00%-36.67%-633.33%771.43%-171.43%90.00%-153.16%63.16%

Smartlink Holdings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2012-2013 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:23%
3 Years:39%
TTM:3%
Compounded Profit Growth
10 Years:%
5 Years:21%
3 Years:-14%
TTM:17%
Stock Price CAGR
10 Years:5%
5 Years:16%
3 Years:2%
1 Year:-46%
Return on Equity
10 Years:%
5 Years:4%
3 Years:3%
Last Year:3%

Last Updated: September 5, 2025, 1:31 pm

Balance Sheet

Last Updated: February 1, 2026, 3:55 am

MonthMar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6665533322222
Reserves 418409400320312243180191163182188194198
Borrowings 0001420272425343243
Other Liabilities 25312821211919131944454561
Total Liabilities 449446434346341285229230209262267245264
Fixed Assets 31292622212034303133323233
CWIP 0000002220000
Investments 159268281259273209161165110123130105112
Other Assets 259149127654755323366106105108120
Total Assets 449446434346341285229230209262267245264

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -162-17-40-34-9-2274342-26-0-6
Cash from Investing Activity + 27421471151472-17-0-421536
Cash from Financing Activity + -112-7-7-81-2-52-58-3-385-4-29
Net Cash Flow 1-40-03-3-100-000
Free Cash Flow -165-19-41-36-9-2357338-5-3-9
CFO/OP 12%45%155%747%-267%-727%-1,381%29%449%-405%18%545%

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-503.00-34.00-26.00-5.00-2.00-17.00-33.00-13.00-15.00-29.00-29.00-5.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 8277715250503845799010696
Inventory Days 263608216388897766105955162
Days Payable 9777527587728776901068875
Cash Conversion Cycle 248611011405166283693806983
Working Capital Days 2036992104541826541031012886
ROCE %-2%-3%-5%0%1%-3%5%4%2%5%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 71.33%71.33%71.51%71.90%72.79%72.84%72.84%72.84%72.84%72.85%72.85%72.85%
FIIs 0.18%0.01%0.00%0.08%0.00%0.66%0.91%0.80%0.29%0.00%0.00%0.00%
DIIs 0.00%0.00%0.00%0.00%0.00%0.48%0.41%0.00%0.00%0.00%0.00%0.00%
Public 28.49%28.66%28.48%28.03%27.21%26.01%25.83%26.35%26.86%27.16%27.16%27.15%
No. of Shareholders 13,09312,68812,40212,21712,02511,69111,39811,42911,53411,56811,50211,448

Shareholding Pattern Chart

No. of Shareholders

Smartlink Holdings Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 6.627.0819.299.907.80
Diluted EPS (Rs.) 6.627.0819.299.907.80
Cash EPS (Rs.) 10.3610.5522.2812.749.78
Book Value[Excl.RevalReserv]/Share (Rs.) 196.81190.75183.96165.37145.42
Book Value[Incl.RevalReserv]/Share (Rs.) 196.81190.75183.96165.37145.42
Revenue From Operations / Share (Rs.) 215.06209.70163.4679.7052.83
PBDIT / Share (Rs.) 10.6314.446.5510.519.85
PBIT / Share (Rs.) 6.8910.963.568.117.76
PBT / Share (Rs.) 5.348.7222.807.406.84
Net Profit / Share (Rs.) 6.627.0819.2910.347.69
NP After MI And SOA / Share (Rs.) 6.627.0819.2910.417.80
PBDIT Margin (%) 4.946.884.0013.1918.64
PBIT Margin (%) 3.205.222.1710.1814.68
PBT Margin (%) 2.484.1513.959.2812.94
Net Profit Margin (%) 3.073.3711.7912.9714.55
NP After MI And SOA Margin (%) 3.073.3711.7913.0614.76
Return on Networth / Equity (%) 3.363.7110.486.295.36
Return on Capital Employeed (%) 3.395.531.904.855.28
Return On Assets (%) 2.682.607.354.974.51
Total Debt / Equity (X) 0.010.160.180.150.12
Asset Turnover Ratio (%) 0.820.780.040.040.06
Current Ratio (X) 3.903.042.863.865.57
Quick Ratio (X) 3.222.742.413.525.37
Inventory Turnover Ratio (X) 8.232.580.000.000.00
Interest Coverage Ratio (X) 6.886.443.8014.8010.68
Interest Coverage Ratio (Post Tax) (X) 5.294.160.0215.569.34
Enterprise Value (Cr.) 123.04191.44167.52117.55124.59
EV / Net Operating Revenue (X) 0.570.911.031.481.77
EV / EBITDA (X) 11.6013.2925.6311.219.51
MarketCap / Net Operating Revenue (X) 0.580.800.901.431.59
Price / BV (X) 0.640.880.800.680.57
Price / Net Operating Revenue (X) 0.580.800.901.431.59
EarningsYield 0.050.040.130.090.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Smartlink Holdings Ltd. is a Public Limited Listed company incorporated on 31/03/1993 and has its registered office in the State of Goa, India. Company's Corporate Identification Number(CIN) is L67100GA1993PLC001341 and registration number is 001341. Currently Company is involved in the business activities of Trusts, funds and other financial vehicles. Company's Total Operating Revenue is Rs. 96.97 Cr. and Equity Capital is Rs. 2.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsL-7, Verna Industrial Estate, Goa Goa 403722Contact not found
Management
NamePosition Held
Mr. K R NaikExecutive Chairman
Ms. Arati NaikExecutive Director
Mr. Chandrashekhar GaonkarInd. Non-Executive Director
Dr. Lakshana SharmaInd. Non-Executive Director
Mr. Satish Vishnu GodboleInd. Non-Executive Director
Mr. Pradeep RaneInd. Non-Executive Director
Mr. Nitin KunkolienkerInd. Non-Executive Director

FAQ

What is the intrinsic value of Smartlink Holdings Ltd and is it undervalued?

As of 11 April 2026, Smartlink Holdings Ltd's intrinsic value is ₹114.38, which is 2.12% higher than the current market price of ₹112.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.42 %), book value (₹201), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Smartlink Holdings Ltd?

Smartlink Holdings Ltd is trading at ₹112.00 as of 11 April 2026, with a FY2026-2027 high of ₹175 and low of ₹102. The stock is currently near its 52-week low. Market cap stands at ₹111 Cr..

How does Smartlink Holdings Ltd's P/E ratio compare to its industry?

Smartlink Holdings Ltd has a P/E ratio of 11.0, which is below the industry average of 98.51. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Smartlink Holdings Ltd financially healthy?

Key indicators for Smartlink Holdings Ltd: ROCE of 3.35 % is on the lower side compared to the industry average of 21.71%; ROE of 3.42 % is below ideal levels (industry average: 14.20%). Dividend yield is 0.00 %.

Is Smartlink Holdings Ltd profitable and how is the profit trend?

Smartlink Holdings Ltd reported a net profit of ₹7 Cr in Mar 2025 on revenue of ₹215 Cr. Compared to ₹10 Cr in Mar 2022, the net profit shows a declining trend.

Does Smartlink Holdings Ltd pay dividends?

Smartlink Holdings Ltd has a dividend yield of 0.00 % at the current price of ₹112.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Smartlink Holdings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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