O.P Chains Ltd
Incorporated in 2001, O.P Chains Ltd trades bullion and precious & non-precious metals[1]
- Market Cap ₹ 20.4 Cr.
- Current Price ₹ 29.8
- High / Low ₹ 29.8 / 29.8
- Stock P/E 19.8
- Book Value ₹ 55.5
- Dividend Yield 0.00 %
- ROCE 3.71 %
- ROE 2.75 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.54 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 5.26% over last 3 years.
- Earnings include an other income of Rs.1.53 Cr.
- Company has high debtors of 2,837 days.
- Working capital days have increased from 1,351 days to 2,793 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 258.33 | 69.22 | 48.19 | 24.25 | 24.47 | 14.79 | 0.96 | 0.97 | 1.49 | 13.59 | 8.18 | 1.93 | |
| 257.96 | 68.96 | 47.98 | 24.17 | 24.42 | 14.72 | 0.94 | 0.91 | 1.39 | 12.08 | 5.97 | 2.07 | |
| Operating Profit | 0.37 | 0.26 | 0.21 | 0.08 | 0.05 | 0.07 | 0.02 | 0.06 | 0.10 | 1.51 | 2.21 | -0.14 |
| OPM % | 0.14% | 0.38% | 0.44% | 0.33% | 0.20% | 0.47% | 2.08% | 6.19% | 6.71% | 11.11% | 27.02% | -7.25% |
| 0.02 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.07 | 0.00 | 2.23 | 0.80 | 1.38 | 1.53 | |
| Interest | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.09 | 0.06 | 0.03 | 0.03 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.28 | 0.20 | 0.18 | 0.05 | 0.06 | 0.06 | 0.09 | 0.06 | 2.33 | 2.31 | 3.59 | 1.39 |
| Tax % | 32.14% | 35.00% | 33.33% | 20.00% | 16.67% | 16.67% | 11.11% | 16.67% | 0.86% | 19.48% | 24.23% | 25.18% |
| 0.19 | 0.13 | 0.13 | 0.04 | 0.05 | 0.05 | 0.08 | 0.05 | 2.31 | 1.86 | 2.71 | 1.03 | |
| EPS in Rs | 0.38 | 0.19 | 0.19 | 0.06 | 0.07 | 0.07 | 0.12 | 0.07 | 3.37 | 2.72 | 3.96 | 1.50 |
| 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: | -30% |
| 5 Years: | 15% |
| 3 Years: | 9% |
| TTM: | -76% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 103% |
| 3 Years: | -24% |
| TTM: | -62% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 11% |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 5% |
| 3 Years: | 5% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 | 6.85 |
| Reserves | 23.30 | 23.62 | 23.75 | 23.80 | 23.85 | 23.64 | 23.70 | 23.75 | 25.67 | 27.42 | 30.14 | 31.17 |
| 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.01 | 0.01 | 0.02 | 0.03 | 0.07 | 0.05 | 0.03 | 0.02 | 0.02 | 0.47 | 0.93 | 0.39 | |
| Total Liabilities | 28.33 | 30.48 | 30.62 | 30.68 | 30.77 | 30.54 | 30.58 | 30.62 | 32.54 | 34.74 | 37.92 | 38.41 |
| 0.18 | 0.12 | 0.09 | 0.06 | 0.04 | 0.03 | 0.01 | 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 | 27.23 | 27.23 | 27.74 | 28.23 | 28.21 | 27.69 | 27.52 | 27.34 | 18.78 | 0.00 | 0.00 | 0.00 |
| 0.92 | 3.13 | 2.79 | 2.39 | 2.52 | 2.82 | 3.05 | 3.27 | 13.75 | 34.73 | 37.91 | 38.40 | |
| Total Assets | 28.33 | 30.48 | 30.62 | 30.68 | 30.77 | 30.54 | 30.58 | 30.62 | 32.54 | 34.74 | 37.92 | 38.41 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.65 | -2.04 | 0.51 | 0.48 | -0.02 | -0.27 | -0.17 | -0.16 | -8.19 | -6.66 | 8.30 | -0.25 | |
| -2.53 | 0.00 | -0.51 | -0.48 | 0.02 | 0.26 | 0.17 | 0.18 | 8.17 | 6.66 | -8.30 | 0.28 | |
| -0.09 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Cash Flow | 0.03 | -0.03 | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | 0.02 | -0.02 | 0.00 | 0.00 | 0.03 |
| Free Cash Flow | 2.69 | -2.04 | 0.51 | 0.49 | -0.02 | -0.27 | -0.15 | -0.16 | -8.19 | -6.66 | 8.30 | -0.25 |
| CFO/OP | 716% | -750% | 257% | 612% | -140% | -371% | -800% | -250% | -8,170% | -441% | 376% | -471% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.86 | 0.00 | 0.00 | 0.00 | 431.34 | 671.55 | 2,836.79 |
| Inventory Days | 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 | 0.00 |
| Days Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Cash Conversion Cycle | 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 | 2,836.79 |
| Working Capital Days | 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 | 2,793.29 |
| ROCE % | 0.99% | 0.68% | 0.59% | 0.16% | 0.20% | 0.20% | 0.10% | 0.20% | 7.38% | 6.92% | 10.08% | 3.71% |
Insights
In beta| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Trading Revenue from Gold INR |
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| Total Revenue from Operations INR |
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| Trading Revenue from Silver INR |
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| Number of Permanent Employees Count |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - O.P. Chains says Annual Secretarial Compliance Report for FY2026 is not applicable under SME exemption.
-
Announcement under Regulation 30 (LODR)-Change in Management
20 May - Board reappointed Aman Parashar as internal auditor for FY 2026-27 on May 20, 2026.
- Submission Of Audited Financial Results For The Half Year And Year Ended 315T March. 2026 As Per Regulation 33 Of SEBI (Listing Obligations And Disclosure Requirements), Regulations, 2015 20 May
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday, 20Th May, 2026 Meeting Commenced
At 02:00 P.M. And Concluded At 04:15 P.M
20 May - Board approved audited FY26 results on 20 May 2026; auditors issued unmodified opinion.
-
Board Meeting Intimation for Intimation Of The Board Meeting As Per Regulation 29 Of Securities And Exchange
Board Of India (LODR), Regulations, 2015, And
Closure Of Trading Window.
16 May - Board meeting on 20 May 2026 to approve audited FY26 results, financial statements, and internal auditor reappointment.
Annual reports
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Financial Year 2025
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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