About Fine-Line Circuits Limited
Data last updated: 17 December 2025
Fine-Line Circuits Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in electronic components and equipment manufacturing, a part of the broader technology and IT services sector. Incorporated on 09 October 1989, the company has been in operation for over 37 years.
Registered with ROC Mumbai under CIN L72900MH1989PLC131521. Listed on BSE: 517264.
Capital: an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹4.81 Cr. It is led by directors including Abhay Bhagwandas Doshi and Kumudini Kiran Mehta.
Last AGM: 27 September 2025. Financial statements filed for year ended 31 March 2025. Office: 145 Sdf – V Seepz – Sez Andheri (East), Mumbai, Maharashtra, India – 400096.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.38 Cr, a growth of 25% compared to the previous year.
The company is associated with 1 brand - Fine-Line Circuits. As per MCA filings, the company has open charges of ₹5.51 Cr and satisfied charges of ₹4.25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finelineindia.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered Address145 Sdf – V Seepz – Sez Andheri (East), Mumbai, Maharashtra, India – 400096
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IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Fine-Line Circuits Limited
Fine-Line Circuits Limited has one previous CIN (Corporate Identification Number): U72900MH2001PLC131521. The current CIN is L72900MH1989PLC131521, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72900MH1989PLC131521 | Current |
| U72900MH2001PLC131521 | Previous |
Associated Brands with Fine-Line Circuits Limited
Fine-Line Circuits Limited operates one associated brand: Fine-Line Circuits. These brands represent Fine-Line Circuits Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Multi-layer printed circuit boards are manufactured in Mumbai, India. | finelineindia.com |
Business Activity of Fine-Line Circuits Limited
Fine-Line Circuits Limited is engaged in the principal business activity of manufacturing, with detailed activities including computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | ********* |
Auditor Details of Fine-Line Circuits Limited
Fine-Line Circuits Limited is audited by M/S DKP & Associates (ICAI peer reviewed, certificate valid till 2028-01-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/S DKP & Associates (ICAI peer reviewed, certificate valid till 2028-01-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Fine-Line Circuits Limited
Fine-Line Circuits Limited is currently managed by 11 directors, with 16 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhay Bhagwandas Doshi | Managing Director | 26 Apr 1990 | 36 Years 2 Months | Current |
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Kumudini Kiran Mehta
Also directs:
Fine-Line Circuits Limited
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Director | 28 Mar 2015 | 11 Years 3 Months | Current |
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Rajiv Bhagwandas Doshi
Also directs:
Fine-Line Circuits Limited, Kapurwala Properties Pvt Ltd
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Whole-Time Director | 01 Apr 2007 | 19 Years 3 Months | Current |
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Maryam Shojaei Baghini
Also directs:
Fine-Line Circuits Limited
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Director | 24 Aug 2024 | 1 Years 10 Months | Current |
|
Upendranath Nimmagadda
Also directs:
Fine-Line Circuits Limited, Micro Energy (India) Limited, Sandhya Broadcasting & Publications Private Limited and 3 more
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Director | 10 May 1991 | 35 Years 1 Months | Current |
|
Jayesh Khimji Rambhia
Also directs:
Fine-Line Circuits Limited, Panache Digilife Limited, Premsons Plastics Private Limited and 1 more
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Director | 06 Aug 2024 | 1 Years 11 Months | Current |
Financials of Fine-Line Circuits Limited FY 2026 filings available
Fine-Line Circuits Limited reported revenue of ₹33.18 Cr (up 9.24% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹33.18 Cr | ₹30.37 Cr | ₹24.28 Cr | ₹27.46 Cr | ₹30.06 Cr | ₹22.66 Cr | ₹26.7 Cr | ₹31.54 Cr |
| Other Income | ₹95,000 | ₹1.53 Lakh | ₹7.48 Lakh | ₹10.07 Lakh | ₹8.1 Lakh | ₹9.43 Lakh | ₹9.44 Lakh | ₹4.46 Lakh |
| Total Income | ₹33.19 Cr | ₹30.38 Cr | ₹24.35 Cr | ₹27.56 Cr | ₹30.14 Cr | ₹22.75 Cr | ₹26.79 Cr | ₹31.58 Cr |
| Cost of Materials Consumed | ₹21.14 Cr | ₹18.59 Cr | ₹14.37 Cr | ₹16.63 Cr | ₹12.43 Cr | ₹12.97 Cr | ₹14.32 Cr | ₹13.45 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹58,000 | -₹4.38 Lakh | -₹1.32 Cr | -₹51.96 Lakh | ₹52.62 Lakh | ₹9.13 Lakh | ₹41.83 Lakh | ₹16.52 Lakh |
| Employee Benefit Expense | ₹5.55 Cr | ₹5.15 Cr | ₹4.86 Cr | ₹4.74 Cr | ₹4.72 Cr | ₹4.02 Cr | ₹5.18 Cr | ₹5.02 Cr |
| Finance Costs | ₹39.72 Lakh | ₹35.54 Lakh | ₹42.88 Lakh | ₹44.61 Lakh | ₹42.31 Lakh | ₹43.68 Lakh | ₹55.09 Lakh | ₹54.35 Lakh |
| Depreciation & Amortisation | ₹75.81 Lakh | ₹60.26 Lakh | ₹57.72 Lakh | ₹50.41 Lakh | ₹49.85 Lakh | ₹59.64 Lakh | ₹80.09 Lakh | ₹80.38 Lakh |
| Other Expenses | ₹4.96 Cr | ₹5.51 Cr | ₹5.34 Cr | ₹5.7 Cr | ₹10.63 Cr | ₹4.58 Cr | ₹5.61 Cr | ₹11.43 Cr |
| Total Expenses | ₹32.79 Cr | ₹30.17 Cr | ₹24.24 Cr | ₹27.49 Cr | ₹29.22 Cr | ₹22.7 Cr | ₹26.88 Cr | ₹31.42 Cr |
| Profit Before Exceptional Items & Tax | ₹39.45 Lakh | ₹21.76 Lakh | ₹10.93 Lakh | ₹6.62 Lakh | ₹91.71 Lakh | ₹5.71 Lakh | -₹8.63 Lakh | ₹16.14 Lakh |
| Exceptional Items | -₹37.94 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1.51 Lakh | ₹21.76 Lakh | ₹10.93 Lakh | ₹6.62 Lakh | ₹91.71 Lakh | ₹5.71 Lakh | -₹8.63 Lakh | ₹16.14 Lakh |
| Total Tax Expense | -₹1,000 | ₹2.02 Lakh | ₹23,000 | -₹56,000 | ₹3.74 Lakh | ₹41,200 | ₹7,000 | -₹26,000 |
| Net Profit | ₹1.52 Lakh | ₹19.74 Lakh | ₹10.7 Lakh | ₹7.18 Lakh | ₹87.97 Lakh | ₹5.29 Lakh | -₹8.7 Lakh | ₹16.4 Lakh |
| Other Comprehensive Income | ₹29.91 Lakh | ₹8.02 Lakh | -₹7.97 Lakh | ₹11.76 Lakh | -₹3.55 Lakh | ₹8.9 Lakh | ₹16.82 Lakh | ₹7.66 Lakh |
| Total Comprehensive Income | ₹31.43 Lakh | ₹27.76 Lakh | ₹2.73 Lakh | ₹18.94 Lakh | ₹84.42 Lakh | ₹14.2 Lakh | ₹8.12 Lakh | ₹24.06 Lakh |
| EBITDA (computed) | ₹1.55 Cr | ₹1.18 Cr | ₹1.12 Cr | ₹1.02 Cr | ₹1.84 Cr | ₹1.09 Cr | ₹1.27 Cr | ₹1.51 Cr |
| Basic EPS | ₹0.03 | ₹0.41 | ₹0.22 | ₹0.15 | ₹1.83 | ₹0.11 | ₹-0.18 | ₹0.34 |
| Diluted EPS | ₹0.03 | ₹0.41 | ₹0.22 | ₹0.15 | ₹1.83 | ₹0.00 | ₹-0.18 | ₹0.34 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹21.74 Cr | ₹17.85 Cr | ₹17.95 Cr | ₹18.49 Cr | ₹16.12 Cr | ₹14.99 Cr | ₹16.46 Cr | ₹18.26 Cr |
| Non-current Assets | ₹4.82 Cr | ₹3.9 Cr | ₹3.44 Cr | ₹3.44 Cr | ₹3.2 Cr | ₹3.3 Cr | ₹3.69 Cr | ₹3.89 Cr |
| Current Assets | ₹16.92 Cr | ₹13.88 Cr | ₹14.46 Cr | ₹15.04 Cr | ₹12.92 Cr | ₹11.69 Cr | ₹12.77 Cr | ₹14.37 Cr |
| Property, Plant & Equipment | ₹3.44 Cr | ₹3.17 Cr | ₹2.59 Cr | ₹2.45 Cr | ₹2.67 Cr | ₹2.59 Cr | ₹2.78 Cr | ₹3 Cr |
| Inventories | ₹9.11 Cr | ₹7.57 Cr | ₹8.45 Cr | ₹6.46 Cr | ₹5.47 Cr | ₹5.28 Cr | ₹5.42 Cr | ₹6.61 Cr |
| Trade Receivables | ₹5.28 Cr | ₹4.35 Cr | ₹4.67 Cr | ₹4.18 Cr | ₹4.76 Cr | ₹3.13 Cr | ₹4.48 Cr | ₹4.89 Cr |
| Cash & Equivalents | ₹75.27 Lakh | ₹91.82 Lakh | ₹65.1 Lakh | ₹1.61 Cr | ₹1.95 Cr | ₹2.25 Cr | ₹2.19 Cr | ₹2.06 Cr |
| Equity (Net Worth) | ₹9.13 Cr | ₹8.82 Cr | ₹8.54 Cr | ₹8.52 Cr | ₹8.33 Cr | ₹7.48 Cr | ₹7.34 Cr | ₹7.26 Cr |
| Equity Share Capital | ₹4.83 Cr | ₹4.83 Cr | ₹4.83 Cr | ₹4.83 Cr | ₹4.83 Cr | ₹4.83 Cr | ₹4.83 Cr | ₹4.83 Cr |
| Borrowings (Non-current) | ₹2.6 Cr | ₹2 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹57.87 Lakh | ₹1.11 Cr |
| Borrowings (Current) | ₹4.87 Cr | ₹3.8 Cr | ₹6.03 Cr | ₹6.32 Cr | ₹3.63 Cr | ₹3.98 Cr | ₹4.71 Cr | ₹4.9 Cr |
| Total Debt (computed) | ₹7.47 Cr | ₹5.8 Cr | ₹6.03 Cr | ₹6.32 Cr | ₹3.63 Cr | ₹3.98 Cr | ₹5.29 Cr | ₹6.01 Cr |
| Current Liabilities | ₹9.93 Cr | ₹7.03 Cr | ₹9.4 Cr | ₹9.98 Cr | ₹7.79 Cr | ₹7.51 Cr | ₹8.54 Cr | ₹9.89 Cr |
| Total Liabilities | ₹12.6 Cr | ₹9.03 Cr | ₹9.4 Cr | ₹9.98 Cr | ₹7.79 Cr | ₹7.51 Cr | ₹9.12 Cr | ₹11 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹6.5 Lakh | ₹1.89 Cr | -₹1.96 Cr | ₹3.71 Lakh | ₹1.02 Cr |
| Investing Cash Flow | -₹1.51 Cr | -₹1.04 Cr | ₹1.61 Cr | -₹2.68 Cr | -₹49.15 Lakh |
| Financing Cash Flow | ₹1.28 Cr | -₹58.8 Lakh | -₹60.49 Lakh | ₹2.3 Cr | -₹82.69 Lakh |
| Capital Expenditure | ₹1.51 Cr | ₹1.05 Cr | ₹54.76 Lakh | ₹79.36 Lakh | ₹57.25 Lakh |
| Free Cash Flow (computed) | -₹1.44 Cr | ₹83.99 Lakh | -₹2.51 Cr | -₹75.65 Lakh | ₹44.74 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹16.55 Lakh | ₹26.72 Lakh | -₹95.97 Lakh | -₹34.24 Lakh | -₹29.85 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹8.41 Cr | ₹7.87 Cr | ₹9.65 Cr | ₹7.25 Cr | ₹6.6 Cr | ₹9.77 Cr | ₹6.95 Cr | ₹7.05 Cr |
| Other Income | ₹95,000 | ₹0 | ₹0 | ₹0 | ₹1.29 Lakh | ₹12,000 | ₹9,100 | ₹3,000 |
| Total Income | ₹8.41 Cr | ₹7.87 Cr | ₹9.65 Cr | ₹7.25 Cr | ₹6.61 Cr | ₹9.77 Cr | ₹6.95 Cr | ₹7.05 Cr |
| Cost of Materials Consumed | ₹5.4 Cr | ₹5.35 Cr | ₹6.14 Cr | ₹4.25 Cr | ₹4.2 Cr | ₹5.98 Cr | ₹4.26 Cr | ₹4.15 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹4.64 Lakh | -₹54.76 Lakh | ₹40.91 Lakh | ₹17.92 Lakh | -₹67.47 Lakh | ₹61.49 Lakh | -₹14.72 Lakh | ₹16.31 Lakh |
| Employee Benefit Expense | ₹1.38 Cr | ₹1.42 Cr | ₹1.42 Cr | ₹1.33 Cr | ₹1.31 Cr | ₹1.32 Cr | ₹1.3 Cr | ₹1.22 Cr |
| Finance Costs | ₹11.31 Lakh | ₹10.89 Lakh | ₹8.89 Lakh | ₹8.64 Lakh | ₹9.18 Lakh | ₹12.56 Lakh | ₹6.33 Lakh | ₹7.47 Lakh |
| Depreciation & Amortisation | ₹20.63 Lakh | ₹19.83 Lakh | ₹18.63 Lakh | ₹16.73 Lakh | ₹15.63 Lakh | ₹16.12 Lakh | ₹14.53 Lakh | ₹13.98 Lakh |
| Other Expenses | ₹1.23 Cr | ₹1.22 Cr | ₹1.34 Cr | ₹1.17 Cr | ₹1.54 Cr | ₹1.47 Cr | ₹1.28 Cr | ₹1.23 Cr |
| Total Expenses | ₹8.28 Cr | ₹7.74 Cr | ₹9.58 Cr | ₹7.19 Cr | ₹6.62 Cr | ₹9.66 Cr | ₹6.91 Cr | ₹6.97 Cr |
| Profit Before Exceptional Items & Tax | ₹13.32 Lakh | ₹12.12 Lakh | ₹7.53 Lakh | ₹6.47 Lakh | -₹1.11 Lakh | ₹10.7 Lakh | ₹4.58 Lakh | ₹7.59 Lakh |
| Exceptional Items | -₹37.94 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹24.62 Lakh | ₹12.12 Lakh | ₹7.53 Lakh | ₹6.47 Lakh | -₹1.11 Lakh | ₹10.7 Lakh | ₹4.58 Lakh | ₹7.59 Lakh |
| Total Tax Expense | -₹1.09 Lakh | ₹23,000 | ₹62,000 | ₹23,000 | ₹50,000 | ₹33,000 | ₹54,000 | ₹65,000 |
| Net Profit | -₹23.53 Lakh | ₹11.89 Lakh | ₹6.91 Lakh | ₹6.24 Lakh | -₹1.61 Lakh | ₹10.37 Lakh | ₹4.04 Lakh | ₹6.94 Lakh |
| Other Comprehensive Income | ₹27.63 Lakh | -₹1.73 Lakh | ₹2.01 Lakh | ₹2.01 Lakh | ₹8.02 Lakh | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹4.1 Lakh | ₹10.16 Lakh | ₹8.92 Lakh | ₹8.25 Lakh | ₹6.41 Lakh | ₹10.37 Lakh | ₹4.04 Lakh | ₹6.94 Lakh |
| EBITDA (computed) | ₹45.26 Lakh | ₹42.84 Lakh | ₹35.05 Lakh | ₹31.84 Lakh | ₹23.7 Lakh | ₹39.38 Lakh | ₹25.44 Lakh | ₹29.04 Lakh |
| Basic EPS | ₹-0.49 | ₹0.25 | ₹0.14 | ₹0.13 | ₹-0.03 | ₹0.22 | ₹0.08 | ₹0.14 |
| Diluted EPS | ₹-0.49 | ₹0.25 | ₹0.14 | ₹0.13 | ₹-0.03 | ₹0.22 | ₹0.08 | ₹0.14 |
Shareholding Pattern of Fine-Line Circuits Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 33.40%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 66.60% of Fine-Line Circuits Limited. The company had 10,504 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 33.40% | 33.40% | 33.40% | 33.40% | 33.40% | 33.40% |
| Public | 66.60% | 66.60% | 66.60% | 66.60% | 66.60% | 66.60% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 33.40% | 33.40% | 33.40% |
| Public | 66.60% | 66.60% | 66.60% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Fine-Line Circuits Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 May 2022 | Others | ₹4.95 Cr | Open |
| 11 Apr 2018 | Others | ₹50 Lakh | Open |
| 09 Aug 2002 | Sundaram Finance Ltd. | ₹3.6 Lakh | Open |
| 29 Jun 2002 | Sundaram Finance Ltd. | ₹1.25 Lakh | Open |
| 29 Apr 2002 | Sundaram Finance Ltd. | ₹1.25 Lakh | Open |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Fine-Line Circuits Limited
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Employee Count & EPFO Data of Fine-Line Circuits Limited
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GST Compliance of Fine-Line Circuits Limited
GSTIN & GST Filing Data of Fine-Line Circuits Limited
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Credit Ratings, Litigation & Regulatory Alerts for Fine-Line Circuits Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Fine-Line Circuits Limited
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MSME Payment Delays by Fine-Line Circuits Limited
MSME Payment Delays by Fine-Line Circuits Limited
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Subsidiaries & Group Companies of Fine-Line Circuits Limited
Subsidiaries & Group Companies of Fine-Line Circuits Limited
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MCA Filings & Documents of Fine-Line Circuits Limited
MCA Filings & Documents of Fine-Line Circuits Limited
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Recent Activity on Fine-Line Circuits Limited
Frequently Asked Questions about Fine-Line Circuits Limited
Fine-Line Circuits Limited is an active public limited company in the information technology sector based in Mumbai, Maharashtra, India. It was incorporated on 09 October 1989 (37+ years old) and is registered under CIN L72900MH1989PLC131521. Listed on BSE: 517264.
Fine-Line Circuits Limited reported revenue of ₹30.38 Cr for FY 2025 (up 25.00% YoY).
The current directors of Fine-Line Circuits Limited are:
The primary industry of Fine-Line Circuits Limited is information technology. The company specifically operates in electronic components and equipment manufacturing. The company is currently active in this sector.
Yes. Fine-Line Circuits Limited is listed on BSE with code 517264.
Fine-Line Circuits Limited can be reached at the registered office: 145 Sdf – V Seepz – Sez Andheri East, Mumbai, Maharashtra, India – 400096, or through the website finelineindia.com.