La Opala RG Ltd
La Opala RG is a leading manufacturer and marketer of tablewares (opal and glass) in India.
- Market Cap ₹ 2,516 Cr.
- Current Price ₹ 227
- High / Low ₹ 370 / 187
- Stock P/E 25.6
- Book Value ₹ 74.3
- Dividend Yield 3.31 %
- ROCE 15.4 %
- ROE 10.9 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.31%.
- Company has been maintaining a healthy dividend payout of 72.7%
Cons
- The company has delivered a poor sales growth of 4.21% over past five years.
- Earnings include an other income of Rs.51.0 Cr.
* 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
Consumer Discretionary Consumer Durables Consumer Durables Glass - Consumer
Quarterly 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 176 | 222 | 248 | 235 | 259 | 278 | 270 | 211 | 323 | 452 | 365 | 332 | 324 | |
| 126 | 156 | 161 | 146 | 150 | 165 | 166 | 143 | 200 | 280 | 229 | 224 | 219 | |
| Operating Profit | 50 | 66 | 86 | 89 | 109 | 113 | 104 | 69 | 122 | 172 | 136 | 108 | 106 |
| OPM % | 28% | 30% | 35% | 38% | 42% | 40% | 39% | 32% | 38% | 38% | 37% | 33% | 33% |
| 1 | 1 | 1 | 11 | 11 | 17 | 17 | 8 | 12 | 22 | 44 | 48 | 51 | |
| Interest | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 4 | 7 | 6 | 5 | 5 |
| Depreciation | 7 | 10 | 9 | 12 | 14 | 16 | 16 | 12 | 14 | 22 | 22 | 18 | 19 |
| Profit before tax | 41 | 56 | 78 | 86 | 105 | 113 | 105 | 64 | 117 | 165 | 152 | 132 | 133 |
| Tax % | 27% | 25% | 25% | 28% | 30% | 34% | 19% | 23% | 25% | 25% | 16% | 27% | |
| 30 | 42 | 59 | 62 | 73 | 74 | 84 | 50 | 87 | 123 | 128 | 97 | 98 | |
| EPS in Rs | 2.83 | 3.76 | 5.29 | 5.60 | 6.62 | 6.67 | 7.59 | 4.47 | 7.87 | 11.08 | 11.51 | 8.70 | 8.85 |
| Dividend Payout % | 18% | 17% | 17% | 18% | 17% | 18% | 16% | 34% | 29% | 45% | 87% | 86% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 4% |
| 3 Years: | 1% |
| TTM: | -8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 2% |
| 3 Years: | 1% |
| TTM: | -20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | 1% |
| 3 Years: | -18% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 13% |
| 3 Years: | 14% |
| Last Year: | 11% |
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 | 11 | 11 | 11 | 11 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 87 | 174 | 221 | 424 | 481 | 507 | 523 | 644 | 718 | 753 | 829 | 802 |
| 14 | 8 | 6 | 0 | 4 | 1 | 5 | 2 | 15 | 13 | 9 | 11 | |
| 33 | 36 | 46 | 60 | 69 | 71 | 61 | 74 | 91 | 109 | 66 | 66 | |
| Total Liabilities | 145 | 229 | 284 | 495 | 577 | 601 | 611 | 742 | 846 | 897 | 927 | 901 |
| 73 | 65 | 107 | 108 | 131 | 121 | 122 | 114 | 119 | 217 | 197 | 187 | |
| CWIP | 2 | 6 | 1 | 1 | 0 | 2 | 25 | 81 | 108 | 0 | 6 | 6 |
| Investments | 0 | 90 | 95 | 305 | 361 | 356 | 340 | 461 | 535 | 554 | 588 | 599 |
| 69 | 68 | 80 | 82 | 84 | 122 | 124 | 86 | 84 | 126 | 137 | 110 | |
| Total Assets | 145 | 229 | 284 | 495 | 577 | 601 | 611 | 742 | 846 | 897 | 927 | 901 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 39 | 47 | 61 | 72 | 80 | 51 | 73 | 83 | 99 | 109 | 68 | 112 | |
| -8 | -97 | -49 | -52 | -69 | -32 | -45 | -79 | -75 | -69 | -25 | 3 | |
| -23 | 42 | -11 | -19 | -10 | -18 | -29 | -4 | -24 | -40 | -43 | -115 | |
| Net Cash Flow | 8 | -9 | 0 | 1 | 1 | 0 | -1 | -0 | -0 | 0 | 0 | -0 |
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 | 45 | 38 | 38 | 51 | 58 | 63 | 59 | 65 | 37 | 29 | 25 | 32 |
| Inventory Days | 364 | 385 | 370 | 336 | 362 | 807 | 757 | 255 | 353 | 596 | 1,280 | 416 |
| Days Payable | 45 | 60 | 42 | 65 | 114 | 215 | 167 | 111 | 185 | 206 | 111 | 45 |
| Cash Conversion Cycle | 364 | 363 | 367 | 322 | 305 | 655 | 650 | 209 | 205 | 419 | 1,193 | 402 |
| Working Capital Days | 40 | 39 | 45 | 73 | 56 | 82 | 84 | 44 | 14 | 41 | 99 | 76 |
| ROCE % | 40% | 37% | 37% | 26% | 23% | 21% | 19% | 10% | 17% | 22% | 19% | 15% |
Documents
Announcements
-
Board Meeting Intimation for Meeting Of The Board Of The Company Scheduled To Be Held On November 8, 2025 Pursuant To Regulation 29 Of The SEBI (LODR) Regulations, 2015
3 Nov - Board meeting on Nov 8, 2025 to consider unaudited results for quarter and half-year ended Sep 30, 2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Oct - Compliance certificate under Reg.74(5) confirming dematerialisation for July 1–Sept 30, 2025.
- Closure of Trading Window 25 Sep
-
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating Assigned By Crisil ESG Ratings & Analytics Ltd.
30 Aug - Crisil ESG assigned 'Crisil ESG 56' rating based on FY2025 disclosures; company did not engage CRISIL.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
16 Aug - La Opala RG's 38th AGM held; all 5 resolutions including dividend and director appointments passed.
Annual reports
-
Financial Year 2025
from bse
-
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
-
Financial Year 2011
from bse
Product Portfolio
The product portfolio includes Opal glassware such as plates, bowls, dinner sets, cup-saucer sets, coffee mugs, coffee cups, tea sets, soup sets, pudding, dessert sets, etc, and crystalware which includes barware, vases, bowls, stemware, etc. [1]