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Smartlink Holdings (SMARTLINK) had a P/E of 11.0× on 6 Nov 2026, below the industry P/E of 40.6×, and the shares are 22% below their 52-week high. Sales grew 19% a year over 3 years while net profit fell 12%, with ROCE of 8.5% and ROE of 9.0%. It carries very little debt, and its dividend yield is 1.0%. It is a small-cap company with a market cap of ₹207 Cr, ranked 18th of 24 Communication Equipment companies by market cap; the shares rose 58% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹211.00
Day high
₹211.00
Day low
₹202.10
Prev. close
₹211.83
Volume
1.8K

Health check

4 good · 1 fair · 1 to check
  • ReturnsAhead

    +58.2% over a year, better than 5 of 7 peers.

  • Price tagCheaper

    P/E 11.0 vs industry 40.6.

  • GrowthSteady

    Sales +19.0%, profit −11.9% a year over 3 years.

  • ProfitabilityWeak

    ROCE 8.5% vs peer median 10.8%.

  • Balance sheetSolid

    Practically debt-free.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Communication Equipment

23 listed peers. Screen the industry

Small cap

₹207 Cr, #18 of 24 in its industry by size.

Defensive

Beta 0.57 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹308 Cr · profit ₹19 Cr
Market cap
₹207 Cr
Small cap
P/E
11.0
Industry 40.6
Price to book
0.95
Peers 8.15
Dividend yield
0.96%
ROE
9.0%
Peers 16.6%
ROCE
8.5%
Peers 10.8%
Debt to equity
0.02
Debt ₹4.70 Cr
EPS (TTM)
₹18.81
Face value ₹2
OPM (TTM)
6.1%
Net margin 6.1%
Sales growth
+14.4%
Latest quarter vs a year ago
Profit growth
+117.3%
Latest quarter vs a year ago
Price to sales
0.67
EV/EBITDA 6.1

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 117.3% on a year ago.
  • P/E of 11.0 against an industry P/E of 40.6.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Smartlink Holdings

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, chassis, industrial…

Headquarters
Mumbai
Employees
200
Sector
Technology
ISIN
INE178C01020
Website
smartlinkholdings.com

Price range

52 weeks

₹103.50₹265.00

Today

₹202.10₹211.00
Avg volume (3M)
15K
1-year return
plus 58.2%
From 52-week high
minus 21.7%

Peers · Communication Equipment

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
STLTECHSterlite Technologies719.90minus 5.00%37,01852.465.88.0%22.0%0.22−11.8%plus 530.2%
HFCLHFCL210.66minus 5.00%32,23736.842.910.8%21.2%0.341.3%plus 188.1%
ITIITI248.85minus 0.58%23,961135.2350.114.4%−4.0%0.4016.1%minus 22.6%
ASTRAMICROAstra Microwave Products1,557.80minus 0.01%14,79178.444.620.8%28.6%0.2212.6%plus 47.1%
TEJASNETTejas Networks417.20minus 1.59%7,422––−29.5%−23.2%1.976.1%minus 21.7%
AVANTELAvantel138.69minus 1.24%3,686190.076.98.2%24.7%0.3112.9%minus 16.3%
PACEDIGITKPace Digitek158.13minus 1.62%3,4139.88.516.1%16.3%0.5773.8%minus 26.6%
SMARTLINKSmartlink Holdings207.42minus 2.08%20711.010.3–3.9%0.0219.0%plus 58.2%
Median of 7 peers–−1.59%14,79165.455.210.8%21.2%0.3412.6%−16.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
70.362.799.465.380.4
68.761.690.760.776.1
1.61.18.74.64.2
2.2%1.8%8.7%7.1%5.3%
2.33.11.94.12.5
0.10.40.20.20.1
11.11.11.11.1
2.72.89.37.45.5
31.3%19.6%26.0%24.7%26.0%
1.92.26.95.64
1.872.246.895.624.06

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+19.0%
Profit CAGR 3Y
−11.9%
EPS CAGR 3Y
−11.9%
ROE
9.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
157194210264
–+23.4%+8.5%+25.8%
153191211252
3.62.8−1.112.2
2.3%1.5%−0.5%4.6%
0.67.17.46.8
1.72.21.50.8
33.53.74.1
23.24.54.33.5
22.78.75.317.6
15.4%18.8%−23.9%25.5%
19.27.16.613.1
–minus 63.3%minus 6.4%+99.0%
19.297.086.6213.18

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2222
182188194208
33.731.63.92.5
48.149.345.889.8
265271246302
22161618
–––1
12342.233.830.6
5.888.672.486.7
115124124166
265271246302

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−25.9−0.2−6.115.2
214.535.7−12.9
4.7−4.3−29.3−2.4
−0.200.3−0.1
−4.1−3.2−3.4−3.9
−30−3.4−9.511.4

Shareholding pattern

Source: NSE filings
72.8%
promoters
  • Promoters72.85%
  • Public27.15%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202672.85%27.15%0.00
30 Jun 202672.85%27.15%0.00
31 Mar 202672.85%27.15%0.00
31 Dec 202572.85%27.15%0.00
30 Sep 202572.85%27.15%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you