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Smartlink Holdings Ltd

SMARTLINK
NSE
136.21
0.02%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Smartlink Holdings Ltd

SMARTLINK
NSE
136.21
0.02%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
136Cr
Close
Close Price
136.21
Industry
Industry
Computer - Peripherals/Accessories
PE
Price To Earnings
13.43
PS
Price To Sales
0.58
Revenue
Revenue
235Cr
Rev Gr TTM
Revenue Growth TTM
4.60%
PAT Gr TTM
PAT Growth TTM
-11.62%
Peer Comparison
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SMARTLINK
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Quarterly Results

Upcoming Results on
13 May 2026
Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
503852387640555465377063
Growth YoY
Revenue Growth YoY%
80.234.310.7-0.252.04.36.742.9-13.9-7.627.116.7
Expenses
ExpensesCr
493950416842565365366962
Operating Profit
Operating ProfitCr
1-12-48-2-111121
OPM
OPM%
1.9-2.34.0-9.311.0-3.9-1.71.10.91.62.21.8
Other Income
Other IncomeCr
000333333323
Interest Expense
Interest ExpenseCr
111110010000
Depreciation
DepreciationCr
111111111111
PBT
PBTCr
0-11-2100122333
Tax
TaxCr
-1000201-1-1111
PAT
PATCr
2-11-190134222
Growth YoY
PAT Growth YoY%
-68.3-12,500.01,137.5-106.9382.264.5-19.3309.9-55.8595.5177.6-11.8
NPM
NPM%
3.6-3.21.6-3.211.4-1.11.24.75.95.92.63.6
EPS
EPS
1.7-1.20.8-1.28.7-0.50.72.53.92.21.92.2

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
11815010497106737080163198215235
Growth
Revenue Growth%
26.7-6.19.2-31.2-4.113.1105.121.58.39.7
Expenses
ExpensesCr
15317610896104796070158195215232
Operating Profit
Operating ProfitCr
-34-26-513-6101053-14
OPM
OPM%
-28.9-17.0-4.41.32.5-7.714.912.03.21.5-0.41.6
Other Income
Other IncomeCr
3623212-43122121212
Interest Expense
Interest ExpenseCr
000012112221
Depreciation
DepreciationCr
442233323344
PBT
PBTCr
-2-6-500-1597239511
Tax
TaxCr
0-4543-1-1-342-11
PAT
PATCr
-2-2-10-3-3-141010197710
Growth
PAT Growth%
-1.265.910.8-383.7171.70.886.5-63.3-6.453.2
NPM
NPM%
-1.7-1.3-9.4-3.4-2.8-19.514.613.011.83.63.14.3
EPS
EPS
-0.7-0.7-4.0-1.4-1.6-8.97.89.919.37.16.610.1

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
665533322222
Reserves
ReservesCr
408399320312252180191163182188194198
Current Liabilities
Current LiabilitiesCr
302720232420142547714458
Non Current Liabilities
Non Current LiabilitiesCr
112220262319351066
Total Liabilities
Total LiabilitiesCr
446434346341300229230209265271246264
Current Assets
Current AssetsCr
40939832131650323362103182170189
Non Current Assets
Non Current AssetsCr
37362425250197197147162907675
Total Assets
Total AssetsCr
446434346341300229230209265271246264

Cash Flow

Consolidated
Standalone
Financial YearMar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
-17-40-34-9-2274342-260-6
Investing Cash Flow
Investing Cash FlowCr
21471151472-170-421536
Financing Cash Flow
Financing Cash FlowCr
-7-7-81-2-52-58-3-385-4-29
Net Cash Flow
Net Cash FlowCr
-4003-3-100000
Free Cash Flow
Free Cash FlowCr
-19-41-36-9-2357338-5-3-9
CFO To PAT
CFO To PAT%
883.22,002.4347.1272.9757.3-521.029.9406.8-134.4-2.9-92.3
CFO To EBITDA
CFO To EBITDA%
50.8156.5745.4-689.3-832.0-1,317.829.2439.0-492.5-7.0690.5

Ratios

Consolidated
Standalone
Financial YearMar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
16213022218715680112114148169126
Price To Earnings
Price To Earnings
0.00.00.00.00.00.010.810.97.723.919.1
Price To Sales
Price To Sales
1.40.92.11.91.41.11.61.40.90.80.6
Price To Book
Price To Book
0.40.30.70.60.60.40.60.70.80.90.6
EV To EBITDA
EV To EBITDA
-2.2-3.1-46.1141.763.2-17.811.912.332.067.1-142.3
Profitability Ratios
Profitability Ratios
GPM
GPM%
17.918.838.034.934.636.146.941.424.618.718.8
OPM
OPM%
-28.9-17.0-4.41.32.5-7.714.912.03.21.5-0.4
NPM
NPM%
-1.7-1.3-9.4-3.4-2.8-19.514.613.011.83.63.1
ROCE
ROCE%
-0.5-1.4-1.40.10.6-5.94.84.311.34.93.4
ROE
ROE%
-0.5-0.5-3.0-1.1-1.2-7.85.36.310.53.73.4
ROA
ROA%
-0.4-0.5-2.8-1.0-1.0-6.24.54.97.32.62.7
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** **Smartlink Holdings Ltd.** is a long-established Indian enterprise with over three decades of experience in the IT and networking industry. Founded in 1993 as a joint venture, the company has evolved from a manufacturer of networking products and motherboards into a diversified business group with a strategic focus on electronics manufacturing, innovation, and indigenous branding. Following a major restructuring in FY 2016–17, Smartlink Holdings transitioned into a **Non-Banking Financial Company (NBFC)**, managing its investments in independently operating subsidiaries. Today, it serves dual roles: 1. As an investment vehicle generating income through dividends, interest, rental income, and capital gains. 2. As the parent entity of a vertically integrated ecosystem focused on **“Make in India”** in the electronics and IT networking space. --- ### **Corporate Structure & Subsidiaries** Smartlink Holdings Ltd. operates through three key subsidiaries, each specializing in distinct domains: | Entity | Role | Key Capabilities | |------|------|----------------| | **Digisol Systems Limited** | Branding, Sales, Marketing, and Support | The brand-facing arm; markets and supports the **DIGISOL** brand across India. Handles channel engagement, distribution, partner programs, and after-sales service. | | **Synegra EMS Limited** | Electronics Manufacturing Services (EMS) | Full-scale contract manufacturing of active and passive networking products, EV chargers, defense electronics, and telecom equipment. Based in a certified facility in **Verna, Goa**, with two SMT lines and testing infrastructure. | | **Telesmart SCS Limited** | Original Design Manufacturer (ODM) for Passive Components | Specializes in **structured cabling systems** (copper and fiber), including high-bandwidth connectors under patent collaboration with a Taiwan-based partner. | --- ### **Core Business Segments** 1. **Investment Segment** - Generates revenue from dividends, interest, property rentals, and financial instruments. - Total investment in subsidiaries amounted to ₹4,838 lakhs as of 2020. - Acts as the central financial and strategic hub for the group. 2. **Networking Products Segment** - Primary revenue driver, focusing on development, manufacturing, marketing, distribution, and service of networking solutions. - Contributed approximately ₹1,746 million (Q3 FY 2020–21) in unaudited revenue. --- ### **DIGISOL – India’s First Homegrown IT Networking Brand** **Digisol Systems Limited** is positioned as **India’s first indigenous IT networking brand** offering globally competitive products. The brand strongly emphasizes **"Trusted Made in India"** values, aligning with national initiatives like **Make in India**, **PLI Scheme**, and **Vocal for Local**. #### **Brand Positioning** - First Indian brand with complete **"Made in India"** IT networking portfolio. - Offers **global standards**, **data security**, and a **superior user experience**. - Trusted by **telecom service providers**, **SMBs**, **enterprises**, and government infrastructure projects. - Certified under **Telecommunication Engineering Center (TEC)** for key products (e.g., DG-GR1321, DG-GR6821AC, DG-GS1528). #### **Product Portfolio (200+ Active SKUs)** | Product Category | Key Offerings | |------------------|---------------| | **Fiber to the Home (FTTH)** | XPON, GPON, EPON ONUs & OLTs, splitters, fiber distribution boxes | | **Switching Solutions** | Managed, unmanaged, smart, industrial, chassis, **Multigig L3 PoE/non-PoE switches** (recent launch), transceivers, media converters | | **Wireless Solutions** | **Wi-Fi 6 indoor/outdoor/enterprise APs**, controllers, extenders, USB adapters | | **Structured Cabling System (SCS)** | Cat 5e, Cat 6, Cat 6A cables, patch panels, keystones, faceplates, fiber components (pigtails, connectors, patch cords) | | **Enterprise Solutions** | **ConvergeX series** – high-speed, future-ready cabling with PoE support, gold-plated contacts, solder-less joints, 25-year warranty | > **Note:** Most passive products are manufactured by Telesmart SCS; active products are manufactured by Synegra EMS. --- ### **"Make in India" Commitment** Smartlink and Digisol are deeply aligned with India’s self-reliance vision: - **SYNEGRA EMS** is approved under the **Production Linked Incentive (PLI) Scheme** for telecom and networking products (SME category). - Manufactures **indigenous XPON ONUs, EPON/GPON OLTs, switches**, and **enterprise Wi-Fi 6 systems** in Goa. - Invested in expanding **SMT lines and testing equipment** to boost local production. - Addresses data security concerns by promoting **Made in India alternatives** to imported hardware. --- ### **Market Presence & Distribution** - **Exclusive Regional Distributors** model ensures **nationwide product availability** and consistent brand delivery. - Supports: - 45+ regional distributors - 1,000+ system integrators - 800+ channel partners - Strong presence in **Smart Cities, Healthcare, Education, Telecom, Real Estate, Retail, Data Centers**, and **Industrial Automation**. --- ### **Brand Building & Channel Engagement** Brand building is a **core strategic initiative**, not just a marketing function. #### **Key Programs:** | Initiative | Description | |----------|-----------| | **DIGISOL Cash Karo** | App-based loyalty program rewarding electricians, technicians, and partners with points on product purchases. Over 100,000 app downloads as of 2020. | | **DIGISOL Institute of Technical Training (DITT)** | Training programs for network engineers, ISPs, and channel partners on emerging technologies. Over 900 trained in FY 2019–20. | | **Premium Partners Program** | Tailored sales schemes and incentives for active/passive product lines to deepen partner relationships. | | **In-Store Branding & Trade Shows** | Grassroots visibility through reseller outlet branding, expos, and industry events. | #### **Digital Presence** - Website: [www.digisol.com](http://www.digisol.com) - Active on **Facebook, LinkedIn, Instagram, and Twitter** with targeted content marketing. - Focus on **digital outreach**, technical blogs, product tutorials, and engagement with influencer technicians. --- ### **Service & Support: Digicare** - **Dedicated service arm** of Digisol Systems Ltd. - Offers end-to-end **after-sales support**: call centers, RMA, repair, refurbishment, technical assistance, and field service. - Operates **63+ service centers**, covering **over 27,000 Indian pin codes**. - Over **25 years** of experience serving global brands in semiconductors, robotics, and consumer electronics. --- ### **Manufacturing & R&D Capabilities** - **Synegra EMS (Goa Facility):** - Certified manufacturing facility with SMT, soldering, assembly, and testing lines. - Produces PCBAs for **EV chargers, defense electronics, telecom, medical devices, and networking gear**. - Sourced components from trusted local and global vendors. - **R&D Center (Bengaluru):** - Focuses on **software development for network switches and FTTH products**. - Supports innovation in next-gen networking and IoT readiness. --- ### **Competitive Advantages** 1. **Vertical Integration** – From ODM/EMS to branding and nationwide service. 2. **“Make in India” Leadership** – Strong first-mover advantage as a trusted domestic brand. 3. **Channel-Centric Approach** – Deep engagement with electricians, partners, and system integrators. 4. **Robust Service Network** – Unmatched reach through Digicare. 5. **Standards Compliance** – EIA/TIA, ISO/IEC, UL, ROHS, TEC certified with **25-year product warranty** on SCS.