Opto Circuits (India) Ltd

About [ edit ]

Opto Circuits (India) Limited is an India-based global medical devices and technology company.

  • Market Cap 110 Cr.
  • Current Price 3.65
  • High / Low 19.8 / 1.95
  • Stock P/E
  • Book Value 1.33
  • Dividend Yield 0.00 %
  • ROCE 1.48 %
  • ROE 2.57 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.75 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -15.59% over past five years.
  • Promoter holding is low: 18.52%
  • Company has a low return on equity of 2.19% for last 3 years.
  • Contingent liabilities of Rs.130.00 Cr.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 96.44 to 138.63 days.
  • Promoter holding has decreased over last 3 years: -3.46%

Peer comparison

Sector: Healthcare Industry: Healthcare

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
24.60 28.67 25.63 23.70 26.82 23.30 7.90 23.01 8.40 7.58 0.59 0.12
16.21 18.18 17.31 13.55 14.06 12.80 7.68 15.09 10.23 5.91 2.65 1.46
Operating Profit 8.39 10.49 8.32 10.15 12.76 10.50 0.22 7.92 -1.83 1.67 -2.06 -1.34
OPM % 34.11% 36.59% 32.46% 42.83% 47.58% 45.06% 2.78% 34.42% -21.79% 22.03% -349.15% -1,116.67%
Other Income 0.17 0.37 2.04 0.51 0.24 0.39 -855.98 1.34 -349.97 0.13 1.89 0.00
Interest 0.20 0.30 0.23 0.29 0.33 0.31 0.19 0.18 0.17 0.01 0.02 0.00
Depreciation 2.26 2.15 2.16 2.16 2.34 2.20 0.35 0.35 0.35 0.35 0.32 0.33
Profit before tax 6.10 8.41 7.97 8.21 10.33 8.38 -856.30 8.73 -352.32 1.44 -0.51 -1.67
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 6.09 8.41 7.96 8.21 10.33 8.38 -856.30 8.73 -352.33 1.44 -0.51 -1.67
EPS in Rs 0.21 0.29 0.28 0.29 0.34 0.28 -28.48 0.29 -11.72 0.05 -0.02 -0.06

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
401 472 603 670 699 263 146 77 50 63 105 63 17
241 257 361 390 423 148 93 53 35 43 63 46 20
Operating Profit 160 215 242 279 276 115 53 23 15 20 42 17 -4
OPM % 40% 46% 40% 42% 39% 44% 36% 31% 30% 32% 40% 27% -21%
Other Income 25 -14 36 1 -2 -2 -187 0 -362 0 3 -1,204 -348
Interest 41 35 25 37 22 54 58 32 8 1 1 1 0
Depreciation 3 3 6 6 7 8 10 10 9 9 9 3 1
Profit before tax 141 164 247 238 245 52 -201 -18 -364 10 35 -1,192 -353
Tax % 1% 10% 1% 1% 2% 18% -0% -3% 0% 0% 0% 0%
Net Profit 140 147 244 235 241 42 -202 -18 -364 10 35 -1,192 -353
EPS in Rs 6.67 6.18 10.09 9.69 9.95 1.74 -8.32 -0.74 -15.02 0.35 1.16 -39.63 -11.75
Dividend Payout % 46% 50% 34% 31% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-18%
5 Years:-16%
3 Years:8%
TTM:-79%
Compounded Profit Growth
10 Years:-20%
5 Years:22%
3 Years:133%
TTM:-115%
Stock Price CAGR
10 Years:-34%
5 Years:-18%
3 Years:-27%
1 Year:87%
Return on Equity
10 Years:7%
5 Years:1%
3 Years:2%
Last Year:3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
161 183 186 242 242 242 242 242 242 288 301 301 301
Reserves 241 654 876 971 1,212 1,254 1,043 1,025 650 836 876 -262 -261
Borrowings 514 195 724 657 814 881 887 710 714 549 530 489 475
150 193 257 135 207 146 253 282 96 102 118 131 106
Total Liabilities 1,066 1,225 2,044 2,006 2,475 2,524 2,424 2,258 1,702 1,774 1,824 659 620
34 80 79 74 121 113 95 85 78 69 60 12 11
CWIP 6 1 1 1 1 1 0 102 102 157 158 0 0
Investments 518 521 1,114 382 382 382 382 382 382 437 447 202 202
508 622 849 1,549 1,971 2,028 1,948 1,689 1,141 1,112 1,159 445 407
Total Assets 1,066 1,225 2,044 2,006 2,475 2,524 2,424 2,258 1,702 1,774 1,824 659 620

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
94 95 118 -30 -93 -16 56 335 57 47 42 21
-428 -54 -572 146 -19 -0 0 -49 -56 -1 -11 19
354 -10 461 -188 69 16 -56 -285 -4 -46 -30 -41
Net Cash Flow 20 30 7 -72 -43 0 -1 1 -2 0 0 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 28% 21% 19% 15% 13% 5% 2% 1% 0% 1% 2% 1%
Debtor Days 224 154 138 140 305 854 1,613 4 39 69 81 139
Inventory Turnover 2.71 2.23 1.88 1.43 1.26 0.30 0.17 0.09 0.09 0.39 1.57 0.89

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
21.53 21.53 21.56 20.95 19.30 19.48 19.48 19.48 19.48 19.48 18.52 18.52
0.17 0.48 0.45 0.59 0.74 0.73 0.69 0.83 0.91 0.92 0.94 0.96
1.57 1.56 1.30 1.28 0.80 0.81 0.61 0.82 0.60 0.61 0.02 0.02
76.73 76.43 76.69 77.18 79.15 78.98 79.22 78.87 79.01 79.00 80.52 80.50

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