Fine-Line Circuits Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L72900MH1989PLC131521 Incorporated 09 October 1989 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 517264 Public Limited Company information technology
Data last updated
Market Cap
₹41.39 Cr
FINELINE · BSE
Share Price
₹88.78
+3.16% today
Revenue
₹33.18 Cr
FY 2025-26 · +9.3% YoY
EBITDA
₹1.25 Cr
Margin 3.8%
Net Profit
₹0.38 Cr
FY 2025-26 · +81.0% YoY
P/E (TTM)
82.3x
P/B 4.8x
ROE
4.3%
ROCE 5.7%
Debt / Equity
0.74
Interest cover 100.0x

About Fine-Line Circuits Limited

Data last updated:

Fine-Line Circuits Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 09 October 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L72900MH1989PLC131521. Its GSTIN is 27AAACF0820C1ZD (Maharashtra). Its shares are listed on BSE: 517264.

The company has 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 (Managing Director) and Rajiv Bhagwandas Doshi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 145 Sdf – V Seepz – SEZ Andheri (East), Mumbai, Maharashtra, India – 400096.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹33.18 Cr, a growth of 9.3% compared to the previous year. For the same year it recorded a net profit of ₹38 Lakh (net margin 1.1%) and EBITDA of ₹1.25 Cr (EBITDA margin 3.8%). The net worth stands at ₹9.14 Cr (up 3.6% YoY). Total assets are valued at ₹16.68 Cr (up 14.1% YoY).

The company is associated with 1 brand: Fine-Line Circuits. As per MCA filings, the company has open charges of ₹4.95 Cr and satisfied charges of ₹4.81 Cr on record. Court records list 1 case involving the company, including 1 filed against it.

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.

Company Details of Fine-Line Circuits Limited
CIN L72900MH1989PLC131521
Registration Number 131521
Incorporation Date 09 October 1989
ROC Mumbai
Listing Status Listed (BSE: 517264)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

CIN History of Fine-Line Circuits Limited

Fine-Line Circuits has one previous CIN (Corporate Identification Number): U72900MH2001PLC131521. The current CIN is L72900MH1989PLC131521, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L72900MH1989PLC131521Current
U72900MH2001PLC131521Previous
Contact Details
  • Email
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  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    145 Sdf – V Seepz – SEZ Andheri (East), Mumbai, Maharashtra, India – 400096
  • Industry
    Information Technology, Electronic Components & Equipment Manufacturing
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Financials, compliance, directors, charges, ownership and filings for Fine-Line Circuits Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Fine-Line Circuits Limited

Fine-Line Circuits operates one associated brand: Fine-Line Circuits. Each brand links to its own profile.

BrandDescriptionWebsite
Multi-layer printed circuit boards are manufactured in Mumbai, India.finelineindia.com

Business Activity of Fine-Line Circuits Limited

The main business activity of Fine-Line Circuits is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC9Computer, electronic, Communication and scientific measuring & control equipmentLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Financials of Fine-Line Circuits Limited FY 2025-26 filings available

Fine-Line Circuits Limited reported revenue of ₹33.18 Cr (up 9.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹33.18 Cr
+9.3% YoY
EBITDA
₹1.25 Cr
+0.8% YoY
Profit After Tax
₹0.38 Cr
+81.0% YoY
Net Worth
₹9.14 Cr
+3.6% YoY
Total Assets
₹16.68 Cr
+14.1% YoY
Total Debt
₹7.47 Cr
+28.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue33.1830.3724.2827.4630.0622.6626.70
Revenue growth+9.3%+25.1%-11.6%-8.7%+32.7%-15.1%-
EBITDA1.251.241.101.031.811.061.32
EBITDA margin+3.8%+4.1%+4.5%+3.8%+6.0%+4.7%+4.9%
Profit before tax0.010.230.090.080.910.05(0.08)
Net profit0.380.210.130.090.870.04(0.09)
Net profit margin+1.2%+0.7%+0.5%+0.3%+2.9%+0.2%-0.3%
EPS (₹)0.030.410.220.151.820.11(0.18)
Balance sheet
Total assets16.6814.6214.5814.8311.9511.5113.15
Net worth9.148.828.558.528.337.497.34
Total debt7.475.806.036.323.634.035.82
Cash & bank0.750.920.653.611.952.252.19
Net working capital11.8010.6011.0411.318.768.229.48
Cash flow
Cash from operations0.061.90(1.91)0.051.022.431.65
Cash from investing(1.50)(1.04)1.56(2.69)(0.49)(0.15)(0.29)
Cash from financing1.28(0.59)(0.60)2.30(0.83)(2.22)(1.22)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10.728.417.879.657.256.609.776.95
Revenue growth (YoY)+47.9%+27.4%-19.5%+38.9%+2.8%---
Other income0.010.010.000.000.000.010.000.00
Total expenses10.278.297.449.306.936.389.386.70
EBITDA0.450.120.430.350.320.220.390.25
EBITDA margin+4.2%+1.4%+5.5%+3.6%+4.4%+3.3%+4.0%+3.6%
Depreciation0.170.210.200.190.170.160.160.15
Interest0.120.110.110.090.090.090.130.06
Profit before tax0.17(0.19)0.120.070.06(0.02)0.100.04
Tax0.01(0.01)0.000.010.010.010.000.01

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 21 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10.728.417.879.657.256.609.776.95
Revenue growth (YoY)+47.9%+27.4%-19.5%+38.9%+2.8%---
Other income0.010.010.000.000.000.010.000.00
Total expenses10.278.297.449.306.936.389.386.70
EBITDA0.450.120.430.350.320.220.390.25
EBITDA margin+4.2%+1.4%+5.5%+3.6%+4.4%+3.3%+4.0%+3.6%
Depreciation0.170.210.200.190.170.160.160.15
Interest0.120.110.110.090.090.090.130.06
Profit before tax0.17(0.19)0.120.070.06(0.02)0.100.04
Tax0.01(0.01)0.000.010.010.010.000.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue33.1830.3724.2827.4630.0622.6626.70
Revenue growth+9.3%+25.1%-11.6%-8.7%+32.7%-15.1%-
Other income0.010.020.070.100.080.090.09
Total expenses31.9329.1323.1826.4328.2521.6025.38
Employee cost5.555.154.864.744.724.025.18
EBITDA1.251.241.101.031.811.061.32
EBITDA margin+3.8%+4.1%+4.5%+3.8%+6.0%+4.7%+4.9%
Depreciation0.760.600.580.500.500.600.80
Interest0.490.430.500.550.480.500.69
Profit before tax0.010.230.090.080.910.05(0.08)
Tax0.000.020.010.000.040.010.00
Net profit0.380.210.130.090.870.04(0.09)
Net profit margin+1.2%+0.7%+0.5%+0.3%+2.9%+0.2%-0.3%
EPS (₹)0.030.410.220.151.820.11(0.18)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital4.834.834.834.834.834.834.83
Reserves & surplus4.313.993.723.693.502.662.51
Shareholders' funds (net worth)9.148.828.558.528.337.497.34
Secured loans4.471.961.464.683.233.303.90
Unsecured loans3.003.844.571.640.400.731.92
Total debt7.475.806.036.323.634.035.82
Total liabilities--14.5814.8311.9511.5113.15
Assets
Gross block19.2218.3217.2518.8219.5018.9218.57
Net block3.453.312.842.832.672.592.84
Capital work in progress0.000.000.000.120.000.000.06
Investments0.050.050.050.050.050.050.05
Inventories9.117.578.456.465.475.285.42
Sundry debtors5.284.354.674.184.763.134.48
Cash & bank balances0.750.920.653.611.952.252.19
Loans & advances1.720.990.640.720.751.030.69
Total current assets16.8613.8314.4114.9712.9311.6912.78
Total current liabilities5.063.233.373.664.173.473.30
Net working capital11.8010.6011.0411.318.768.229.48
Total assets16.6814.6214.5814.8311.9511.5113.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.920.651.611.952.252.192.06
Net cash from operating activities0.061.90(1.91)0.051.022.431.65
Net cash from investing activities(1.50)(1.04)1.56(2.69)(0.49)(0.15)(0.29)
Net cash from financing activities1.28(0.59)(0.60)2.30(0.83)(2.22)(1.22)
Net change in cash(0.17)0.27(0.96)(0.34)(0.30)0.060.13
Closing cash0.750.920.653.611.952.252.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.3%+25.1%-11.6%-8.7%+32.7%-15.1%-
EBITDA growth+0.8%+12.7%+6.8%-43.1%+70.8%-19.7%-
PBT growth-95.7%+155.6%+12.5%-91.2%+1720.0%+9998.0%-
Net income growth+81.0%+61.5%+44.4%-89.7%+2075.0%+144.4%-
Revenue CAGR (3Y)+6.5%+0.3%+2.3%+0.9%-1.6%-7.2%+1.5%
EBITDA CAGR (3Y)+6.7%-11.8%+1.2%-7.9%+3.8%-12.5%-0.5%
Profitability & leverage
Net income margin+0.0%+0.7%+0.3%+0.3%+2.9%+0.2%-0.3%
Return on capital employed+5.7%+4.5%+4.5%+4.6%+11.9%+4.5%+4.4%
Return on net worth+4.3%+2.3%+1.9%+1.0%+11.1%+0.7%-1.4%
Debt / equity0.740.680.720.590.480.660.84
Long-term debt / equity0.000.000.000.000.000.040.12
Interest cover100.0067.1996.15103.7736.64108.70132.69
Efficiency & per share
Fixed asset turnover1.771.711.351.431.561.211.44
Inventory turnover3.983.793.264.605.594.244.44
Debtors turnover6.896.735.496.147.625.965.70
EPS (₹)0.030.410.220.151.820.11(0.18)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)18.9318.2817.7017.6417.2515.5015.21
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Board of Directors of Fine-Line Circuits Limited

Fine-Line Circuits has 8 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Gautam Bhagwandas DoshiDirector22 Sep 199333 Years 0 MonthsCurrent
Premkumar Menon RamunniDirector28 Sep 20242 Years 0 MonthsCurrent
Upendranath NimmagaddaDirector10 May 199135 Years 5 MonthsCurrent
Abhay Bhagwandas DoshiManaging Director26 Apr 199036 Years 5 MonthsCurrent
Rajiv Bhagwandas DoshiWhole-Time Director01 Apr 200719 Years 6 MonthsCurrent
Akshay Rajendra ShahDirector24 Aug 20242 Years 1 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Peer Comparison of Fine-Line Circuits Limited

Fine-Line Circuits Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Fine-Line Circuits Limited this company₹33.18 Cr (FY 2026)••••••••9.3%••••Mumbai, Maharashtra, India
Original Products Private Limited.₹30.67 Cr (FY 2025)••••••••-70.0%••••New Delhi, Delhi, India
Tedi (India) Private Limited₹30.66 Cr (FY 2022)••••••••122.0%••••Chennai, Tamil Nadu, India
System Level Solutions (India ) Private Limited₹30.62 Cr (FY 2024)••••••••-3.0%••••Vithal Udyognagar, Gujarat, India
Sabar Conductors Private Limited₹30.53 Cr (FY 2025)••••••••17.0%••••Prantij, Gujarat, India
Aaviza Electronics Private Limited₹30.4 Cr (FY 2025)••••••••-25.0%••••Bangalore, Karnataka, India
Eappsys Info Solutions India Private Limited₹30.23 Cr (FY 2024)••••••••68.0%••••Hyderabad, Telangana, India
Anmay Solutions Private Limited₹30.18 Cr (FY 2025)••••••••150.0%••••Noida, Uttar Pradesh, India
Velankani Electronics & Automotive Private Limited₹30.07 Cr (FY 2025)••••••••-12.0%••••Bangalore, Karnataka, India
Lotus Microwave Technologies Private Limited₹30.02 Cr (FY 2024)••••••••100.0%••••Hyderabad, Telangana, India
Methode Electronics India Private Limited₹29.9 Cr (FY 2025)••••••••12.0%••••Electronics, Karnataka, India

Peers are the five companies nearest above and the five nearest below Fine-Line Circuits by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Fine-Line Circuits Limited

Fine-Line Circuits Limited is audited by Ratanghayara & Co. for the financial year 2023.

NameStatusAppointment DateCessation Date
Ratanghayara & Co.LockedLockedLocked
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Shareholding Pattern of Fine-Line Circuits Limited

Shareholding for the quarter ended Mar 2026: promoters hold 33.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 66.60%.

Promoters: 33.40%Retail & Others: 66.60%
Mar 2026
QUARTER
33.40% Promoters
66.60% Retail & Others
Promoter holding - history
Now 33.40% · Mar 2026High 33.40% · Jun 2025Low 33.40% · Jun 2025
32%32.8%33.5%34.3%35%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 33.40%Sep 2025: 33.40%Dec 2025: 33.40%Mar 2026: 33.40%33.40%33.40%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters33.40%33.40%33.40%33.40%
Public66.60%66.60%66.60%66.60%

Charges & Borrowings of Fine-Line Circuits Limited

Open charges
₹4.95 Cr
Satisfied charges
₹4.81 Cr
Breakdown by lending institutions
Others₹4.95 Cr
Latest charge details
DateLenderAmountStatus
19 May 2022Others₹4.95 CrOpen
11 Apr 2018Others₹50 LakhSatisfied
30 Mar 2015Others₹3.25 CrSatisfied
26 Aug 2014Apna Sahakari Bank Ltd.₹1 CrSatisfied
09 Aug 2002Sundaram Finance Ltd.₹3.6 LakhSatisfied

Total charge records: 7 View all charges

MSME Payment Delays by Fine-Line Circuits Limited

Fine-Line Circuits Limited has 8 MSME Form 1 returns on record between 2020 and 2023, listing 60 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 10)

SupplierAmount dueDue sinceReported on
Nexus Global Logistics Private Limited••••••••••••
Mumbai Filter Corporation••••••••••••
Tender-Care International••••••••••••
Fibre Abrasive Machineries Private Limited••••••••••••
an individual supplier••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 8 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Employees and EPFO Compliance at Fine-Line Circuits Limited

Employment history and EPFO contributions of people linked to Fine-Line Circuits.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Fine-Line Circuits Limited

Fine-Line Circuits Limited has 26 board changes on record since 1989: 17 appointments and 9 cessations. The latest: Kumudini Kiran Mehta ceased to be Director on 27 Mar 2025.

Charges
A charge registered on 09 Aug 2002 via Charge ID 90356496 with Sundaram Finance Ltd. was fully satisfied on 08 Jun 2026.
Charges
A charge registered on 29 Jun 2002 via Charge ID 90356495 with Sundaram Finance Ltd. was fully satisfied on 08 Jun 2026.
Charges
A charge registered on 29 Apr 2002 via Charge ID 90355543 with Sundaram Finance Ltd. was fully satisfied on 08 Jun 2026.
Charges
A charge registered on 11 Apr 2018 via Charge ID 100170983 with Others was fully satisfied on 02 Jun 2026.
AGM
Fine-Line Circuits Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Filing
Fine-Line Circuits Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Kumudini Kiran Mehta ceased to be Director.
Appointed
Premkumar Menon Ramunni was appointed as Director.
Appointed
Akshay Rajendra Shah was appointed as Director.
Appointed
Maryam Shojaei Baghini was appointed as Director.
Ceased
Apurva Rajendra Shah ceased to be Director.
Ceased
Juzer Vasi Mohsin ceased to be Director.

33 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Fine-Line Circuits Limited

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Subsidiaries & Group Companies of Fine-Line Circuits Limited

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GST Compliance of Fine-Line Circuits Limited

Fine-Line Circuits has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACF0820C1ZDMaharashtraActive01 Jul 2017
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MCA Filings & Documents of Fine-Line Circuits Limited

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Frequently Asked Questions about Fine-Line Circuits Limited

Fine-Line Circuits is an active public limited company based in Mumbai, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 09 October 1989 (37+ years old) and is registered under CIN L72900MH1989PLC131521. Listed on BSE: 517264.

Fine-Line Circuits reported revenue of ₹33.18 Cr for FY 2025-26 (up 9.3% YoY) based on standalone financials.

Fine-Line Circuits has 8 current directors:

The GSTIN of Fine-Line Circuits is 27AAACF0820C1ZD, registered in Maharashtra.

The CIN (Corporate Identification Number) of Fine-Line Circuits is L72900MH1989PLC131521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Fine-Line Circuits is listed on BSE with code 517264.

Fine-Line Circuits has 1 court case on record: 1 filed against it.

Fine-Line Circuits was incorporated on 09 October 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Fine-Line Circuits by revenue are Original Products Private Limited, Tedi (India) Private Limited, System Level Solutions (India ) Private Limited, Sabar Conductors Private Limited, Aaviza Electronics Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).

Kumudini Kiran Mehta ceased to be Director on 27 Mar 2025. Premkumar Menon Ramunni was appointed as Director on 28 Sep 2024. Akshay Rajendra Shah was appointed as Director on 24 Aug 2024. Fine-Line Circuits has 26 board changes on record in total.

Fine-Line Circuits has 8 MSME Form 1 returns on record between 2020 and 2023, listing 60 overdue payments to 10 micro and small suppliers. The latest return was filed on 05 Nov 2023.

Fine-Line Circuits can be reached through the website finelineindia.com. Its registered office is in Mumbai, Maharashtra, India.

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