Fine-line Circuits Ltd.

BSE: FINELINE · IT - Hardware

52W Range₹48 ₹107

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Snapshot

Unlock Fine-line Circuits Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Fine Line Circuits Limited is a Mumbai-based manufacturer specialising in high-grade printed circuit boards, including complex multi-layer, high-frequency, and impedance-controlled variants. The company operates out of the SEEPZ Special Economic Zone, focusing primarily on serving global clients in sectors such as telecommunications, medical electronics, aerospace, and defence.

Business Model

The company generates revenue by providing specialised electronics manufacturing services, leveraging its technical capabilities to produce high-precision PCBs for demanding industrial applications. Its business model is centred on export-oriented manufacturing, capitalising on its strategic location within a special economic zone to maintain international quality standards.

Growth Outlook

Growth is driven by the increasing demand for high-frequency and complex multi-layer PCBs across critical sectors like aerospace, defence, and industrial automation. The company's focus on international quality standards and its export-oriented facility position it to capture further share in the global electronics manufacturing supply chain.

Key Risks

  • Export Dependency. The company's heavy reliance on the export market makes it vulnerable to fluctuations in global demand and international trade policies.
  • Technological Obsolescence. Rapid advancements in electronics manufacturing require constant capital expenditure to maintain technical relevance and competitive edge.
  • Raw Material Volatility. Fluctuations in the cost and availability of specialised raw materials used in high-frequency PCB production can impact profit margins.
  • Regulatory Compliance. Operating within a Special Economic Zone subjects the company to specific regulatory frameworks and potential changes in fiscal incentives.

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Peers · IT - Hardware

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Fine-line Circuits Ltd.FINELINE
₹33 Cr4.6%-22.2%
Bharat Global Developers LimitedBGDL
₹1,026 Cr-4.1%-21.2%
Control PrintCONTROLPR
₹957 Cr24.5610.7510.9%18.0%9.0%15.3%-22.7%
TVS Electronics LimitedTVSELECT
₹816 Cr-450.9341.5111.7%4.4%-1.9%3.6%+9.8%
Dc Infotech And Communication LimitedDCI
₹672 Cr29.9319.3629.1%5.2%24.4%42.4%+69.8%
B C C Fuba IndiaBCCFUBA
₹470 Cr68.4543.1154.2%15.0%20.4%29.3%+58.4%

As of Mar 2026

Financials