O.P Chains Ltd
Incorporated in 2001, O.P Chains Ltd trades bullion and precious & non-precious metals[1]
- Market Cap ₹ 21.2 Cr.
- Current Price ₹ 31.0
- High / Low ₹ 32.6 / 31.0
- Stock P/E 7.84
- Book Value ₹ 54.0
- Dividend Yield 0.00 %
- ROCE 10.1 %
- ROE 7.61 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.57 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.84% over last 3 years.
- Earnings include an other income of Rs.1.38 Cr.
- Company has high debtors of 672 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
259.16 | 258.33 | 69.22 | 48.19 | 24.25 | 24.47 | 14.79 | 0.96 | 0.97 | 1.49 | 13.59 | 8.18 | |
258.81 | 257.96 | 68.96 | 47.98 | 24.17 | 24.42 | 14.72 | 0.94 | 0.91 | 1.39 | 12.08 | 5.97 | |
Operating Profit | 0.35 | 0.37 | 0.26 | 0.21 | 0.08 | 0.05 | 0.07 | 0.02 | 0.06 | 0.10 | 1.51 | 2.21 |
OPM % | 0.14% | 0.14% | 0.38% | 0.44% | 0.33% | 0.20% | 0.47% | 2.08% | 6.19% | 6.71% | 11.11% | 27.02% |
-0.03 | 0.02 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.07 | 0.00 | 2.23 | 0.80 | 1.38 | |
Interest | 0.03 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Depreciation | 0.10 | 0.09 | 0.06 | 0.03 | 0.03 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Profit before tax | 0.19 | 0.28 | 0.20 | 0.18 | 0.05 | 0.06 | 0.06 | 0.09 | 0.06 | 2.33 | 2.31 | 3.59 |
Tax % | 42.11% | 32.14% | 35.00% | 33.33% | 20.00% | 16.67% | 16.67% | 11.11% | 16.67% | 0.86% | 19.48% | 24.23% |
0.11 | 0.19 | 0.13 | 0.13 | 0.04 | 0.05 | 0.05 | 0.08 | 0.05 | 2.31 | 1.86 | 2.71 | |
EPS in Rs | 0.22 | 0.38 | 0.19 | 0.19 | 0.06 | 0.07 | 0.07 | 0.12 | 0.07 | 3.37 | 2.72 | 3.96 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -29% |
5 Years: | -11% |
3 Years: | 104% |
TTM: | -40% |
Compounded Profit Growth | |
---|---|
10 Years: | 31% |
5 Years: | 122% |
3 Years: | 278% |
TTM: | 46% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 23% |
3 Years: | 40% |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 4% |
3 Years: | 7% |
Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5.00 | 5.00 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 |
Reserves | 23.02 | 23.30 | 23.62 | 23.75 | 23.80 | 23.85 | 23.64 | 23.70 | 23.75 | 25.67 | 27.42 | 30.14 |
0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
0.08 | 0.01 | 0.01 | 0.02 | 0.03 | 0.07 | 0.05 | 0.03 | 0.02 | 0.02 | 0.47 | 0.93 | |
Total Liabilities | 28.12 | 28.33 | 30.48 | 30.62 | 30.68 | 30.77 | 30.54 | 30.58 | 30.62 | 32.54 | 34.74 | 37.92 |
0.30 | 0.18 | 0.12 | 0.09 | 0.06 | 0.04 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 24.68 | 27.23 | 27.23 | 27.74 | 28.23 | 28.21 | 27.69 | 27.52 | 27.34 | 18.78 | 0.00 | 0.00 |
3.14 | 0.92 | 3.13 | 2.79 | 2.39 | 2.52 | 2.82 | 3.05 | 3.27 | 13.75 | 34.73 | 37.91 | |
Total Assets | 28.12 | 28.33 | 30.48 | 30.62 | 30.68 | 30.77 | 30.54 | 30.58 | 30.62 | 32.54 | 34.74 | 37.92 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1.54 | 2.65 | -2.04 | 0.51 | 0.48 | -0.02 | -0.27 | -0.17 | -0.16 | -8.19 | -6.66 | 8.30 | |
1.60 | -2.53 | 0.00 | -0.51 | -0.48 | 0.02 | 0.26 | 0.17 | 0.18 | 8.17 | 6.66 | -8.30 | |
-0.11 | -0.09 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
Net Cash Flow | -0.05 | 0.03 | -0.03 | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | 0.02 | -0.02 | 0.00 | 0.00 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.86 | 0.00 | 0.00 | 0.00 | 431.34 | 671.55 |
Inventory Days | 4.10 | 0.89 | 14.43 | 18.80 | 31.80 | 35.12 | 56.66 | 1,596.19 | 1,493.62 | 3,985.08 | 495.48 | 0.00 |
Days Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
Cash Conversion Cycle | 4.10 | 0.89 | 14.43 | 18.80 | 31.80 | 35.12 | 67.52 | 1,596.19 | 1,493.62 | 3,985.08 | 926.82 | 671.55 |
Working Capital Days | 4.18 | 1.06 | 15.77 | 20.22 | 33.87 | 35.80 | 67.37 | 1,133.02 | 1,196.60 | 3,353.59 | 590.07 | 670.21 |
ROCE % | 0.78% | 0.99% | 0.68% | 0.59% | 0.16% | 0.20% | 0.20% | 0.10% | 0.20% | 7.38% | 6.92% | 10.08% |
Documents
Announcements
-
Clarification On Timely Disclosure Of Resignation Of Independent Director Under Regulation 30 Of SEBI (LODR) Regulations, 2015
3h - Two Independent Directors (Sohini Bansal, Nikhil Sundrani) resigned effective close of August 29, 2025.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
3h - Two Independent Directors Sohini Bansal and Nikhil Sundrani resigned effective close of August 29, 2025.
- Closure of Trading Window 1d
-
Intimation Of Withdrawal Of Resignation Of Company Secretary & Compliance Officer Of The Company
10 Sep - Ms. Amit Kaur Lamba withdrew resignation Sep 10, 2025; reinstated as Company Secretary and Compliance Officer without break.
-
Announcement under Regulation 30 (LODR)-Change in Management
10 Sep - Ms. Amit Kaur Lamba withdrew resignation; reinstated as Company Secretary effective September 10, 2025; no service break.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
Business Overview:[1]
Company deals in bullion market of Agra, specializing in bars and coins of various precious metals like Gold and Silver. It offers wholesale delivery of bullion to domestic users i.e. ornament manufacturers, goldsmiths, jewelers and semi-wholesalers. Company purchase materials viz. Gold, Silver and other precious metals etc. from State Trading Corporation of India, Hindustan Zinc Limited, ICICI Bank Limited, Punjab National Bank Limited and SB Ornaments Pvt. Ltd., and supply the same to various jewelers and related businesses