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: | 8% |
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
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
28 Aug - Ms. Amit Kaur Lamba resigned as Company Secretary & Compliance Officer effective 28 Aug 2025.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 27 Aug
-
Announcement under Regulation 30 (LODR)-Change in Management
26 Aug - AGM (26 Aug 2025) re-appointed Whole-time Director Moon Goyal; appointed R.C. Sharma as secretarial auditor for 2025-26 to 2029-30.
-
Intimation Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015.
26 Aug - AGM 26-Aug-2025 approved reappointment of Moon Goyal and R.C. Sharma secretarial auditor (2025–2030).
- Shareholder Meeting / Postal Ballot-Outcome of AGM 26 Aug
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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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