Smartlink Holdings Limited SMARTLINK NSETECH

Technology · Communication Equipment · India

https://www.smartlinkholdings.com

Smartlink Holdings Limited, together with its subsidiaries, sources, develops, manufactures, markets, distributes, and services networking products in India and internationally. The company offers XPON ONUs, EPON/ GPON OLTs, GEPON OLTs, and PON transceivers; Wi-Fi 6 indoor/outdoor/enterprise access points, controllers, USB adapters, and range extenders; switching solutions, such as managed, unmanaged, fully managed, lite/smart managed switches, chassis switches, industrial switches, transceivers, media converters, and multigig switches; and structured cabling products, including solid cable, keystones, patch panels, copper patch cords, faceplates, rj45 connectors, fiber patch cords, pigtails, fiber LIUS, fiber cables, distribution boxes, and splitters. It also manufactures chargers for electric vehicles; and telecom equipment and defense electronics. In addition, it offers networking products, such as switches, broadband routers, wireless LANs, and GPON and GePON under the DIGISOL brand name; and enterprise wireless products. Further, the company provides technical support services; and invests in securities and properties. It serves distributors, original equipment manufacturers, and system integrators. The company was formerly known as Smartlink Network Systems Limited and changed its name to Smartlink Holdings Limited in April 2018. Smartlink Holdings Limited was incorporated in 1993 and is based in Mumbai, India.

Market & Price

Market Cap

₹160.12 Cr

Current Price

₹160.52

High / Low (52W)

₹184.58 / ₹104.52

Beta

Valuation

Stock P/E

12.18

Industry PE

25.13

Forward P/E

PEG Ratio

Book Value

₹200.93

Price to Book

0.80

P/S

0.57

EV/EBITDA

2.96

Dividend Yield

1.25%

Profitability & Returns

ROCE

8.46%

ROE

6.47%

ROA

4.20%

Profit Margin

4.70%

Op Margin

9.39%

EPS (Latest Qtr)

₹6.89

EPS (TTM)

₹13.18

Balance Sheet & Liquidity

Debt/Equity

1.19

Quick Ratio

2.19

Current Ratio

2.69

Debt

₹2.51 Cr

Total Assets

₹302.06 Cr

Current Assets

₹227.40 Cr

Working Capital

₹143.01 Cr

Ownership

Promoter Holding

73.31%

Chg in Prom Hold

FII / Inst Holding

0.00%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹66.61 Cr

Total Revenue (TTM)

₹279.93 Cr

EBITDA

₹22.52 Cr

Free Cash Flow

₹15.78 Cr

Operating Cash Flow

₹15.25 Cr

Shares Outstanding

₹99.75 L

Gross Margin

23.92%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

19.75%

Profit 5Y

-11.92%

Revenue (YoY)

34.70%

Earnings (YoY)

79.30%

PROS

Compounding revenue at 19.7% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Earnings shrank at -11.9% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SMARTLINK Smartlink Holdings Limited NSETECH	160.52	12.18	₹160.12 Cr	1.25%	8.46%	6.47%	19.75%	-11.92%
2	TCS Tata Consultancy Services Limited NIFTY50NSEAITECH	2,258.90	16.61	₹8.17 L Cr	5.49%	54.93%	48.40%	5.80%	5.30%
3	INFY Infosys Limited NIFTY50NSEAITECH	1,160.90	15.01	₹4.70 L Cr	4.31%	41.66%	31.44%	3.44%	3.58%
4	HCLTECH HCL Technologies Limited NIFTY50NSEAITECH	1,183.80	19.31	₹3.20 L Cr	8.11%	27.21%	23.36%	8.65%	3.87%
5	WIPRO Wipro Limited NIFTY50NSEAITECH	204.25	16.26	₹2.14 L Cr	8.32%	18.42%	15.49%	4.05%	2.44%
6	TECHM Tech Mahindra Limited NIFTY50NSEAITECH	1,483.90	27.40	₹1.31 L Cr	3.44%	20.60%	16.61%	2.16%	-0.14%
7	LTM LTM Limited NSETECH	4,061.60	24.04	₹1.20 L Cr	1.85%	25.39%	21.29%	8.43%	4.41%
8	LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH	1,523.90	61.35	₹1.03 L Cr	-	27.64%	24.72%	0.98%	-
9	WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH	3,140.80	27.70	₹90,345.53 Cr	0.13%	24.21%	31.57%	71.63%	191.18%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	53.73 Cr	65.43 Cr	37.02 Cr	70.27 Cr	62.70 Cr	99.35 Cr
Cost of Revenue	-	41.72 Cr	53.57 Cr	27.33 Cr	58.22 Cr	50.95 Cr	76.48 Cr
Gross Profit	-	12.00 Cr	11.87 Cr	9.69 Cr	12.05 Cr	11.75 Cr	22.87 Cr
Operating Expenses	-	12.36 Cr	12.22 Cr	10.05 Cr	11.53 Cr	11.70 Cr	15.26 Cr
Operating Income	-	-35.49 L	-35.64 L	-35.53 L	51.91 L	5.27 L	7.61 Cr
EBITDA	-	3.28 Cr	3.65 Cr	3.89 Cr	3.86 Cr	4.20 Cr	10.57 Cr
Interest Expense	-	51.96 L	32.71 L	9.09 L	10.67 L	35.31 L	22.68 L
Pretax Income	-	1.81 Cr	2.38 Cr	2.86 Cr	2.71 Cr	2.78 Cr	9.28 Cr
Tax Provision	-	-72.89 L	-1.45 Cr	68.41 L	85.05 L	54.54 L	2.41 Cr
Net Income	-	2.54 Cr	3.84 Cr	2.18 Cr	1.86 Cr	2.24 Cr	6.87 Cr
Diluted EPS	0.67	2.55	3.85	2.18	1.87	2.24	6.89

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	156.86 Cr	193.59 Cr	214.53 Cr	269.35 Cr
Cost of Revenue	-	123.25 Cr	161.64 Cr	174.15 Cr	212.98 Cr
Gross Profit	-	33.62 Cr	31.95 Cr	40.38 Cr	56.37 Cr
Operating Expenses	-	32.96 Cr	32.59 Cr	45.42 Cr	48.54 Cr
Operating Income	-	66.29 L	-64.31 L	-5.04 Cr	7.83 Cr
EBITDA	-	27.45 Cr	14.40 Cr	10.60 Cr	22.52 Cr
Interest Expense	-	1.72 Cr	2.24 Cr	1.54 Cr	77.75 L
Pretax Income	-	22.75 Cr	8.70 Cr	5.33 Cr	17.64 Cr
Tax Provision	-	3.51 Cr	1.64 Cr	-1.27 Cr	4.49 Cr
Net Income	-	19.24 Cr	7.06 Cr	6.61 Cr	13.15 Cr
Diluted EPS	-	19.29	7.08	6.62	13.18

Compounded Sales Growth

5 Years:	19.75%
1 Year:	34.70%

Compounded Profit Growth

5 Years:	-11.92%
1 Year:	79.30%

Stock Price Performance

1 Year:	+0.86%
6 Months:	+20.68%
3 Months:	+27.85%
1 Month:	+17.87%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	265.29 Cr	271.18 Cr	246.04 Cr	302.06 Cr
Current Assets	-	94.23 Cr	181.56 Cr	169.77 Cr	227.40 Cr
Cash & Equivalents	-	40.91 L	24.26 L	71.36 L	60.40 L
Inventory	-	33.31 Cr	22.44 Cr	29.69 Cr	33.83 Cr
Receivables	-	40.32 Cr	57.49 Cr	56.58 Cr	89.41 Cr
Total Liabilities	-	81.78 Cr	80.91 Cr	49.72 Cr	92.26 Cr
Current Liabilities	-	44.67 Cr	71.32 Cr	43.55 Cr	84.39 Cr
Long Term Debt	17.30 Cr	28.20 Cr	1.08 Cr	0	-
Total Debt	-	33.67 Cr	31.63 Cr	3.87 Cr	2.51 Cr
Total Equity	-	183.50 Cr	190.28 Cr	196.31 Cr	209.80 Cr
Shares Outstanding	-	99.75 L	99.75 L	99.75 L	99.75 L

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	-25.86 Cr	-20.28 L	-6.10 Cr	15.25 Cr
Investing Cash Flow	-	20.95 Cr	4.51 Cr	35.66 Cr	-12.93 Cr
Financing Cash Flow	-	4.73 Cr	-4.28 Cr	-29.29 Cr	-2.43 Cr
Capital Expenditure	-	-4.12 Cr	-3.19 Cr	-3.37 Cr	-3.85 Cr
Free Cash Flow	-	-29.98 Cr	-3.40 Cr	-9.47 Cr	11.39 Cr
Net Change in Cash	-	-18.21 L	3.31 L	27.15 L	-11.27 L

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	21.4%	16.5%	18.8%	20.9%
Operating Margin %	-	0.4%	-0.3%	-2.3%	2.9%
Net Margin %	-	12.3%	3.6%	3.1%	4.9%
ROE %	-	10.5%	3.7%	3.4%	6.3%
ROCE %	-	0.3%	-0.3%	-2.5%	3.6%

Shareholding Pattern

Insiders

73.31%

Institutions

0.00%

Public Float

0.00%

Analyst View

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SMARTLINK · Technology