Opto Circuits (India) share price

BSE: 532391Healthcare Equipment & Supplies

Opto Circuits (India) Ltd. · Face value ₹10 · Listed Dec 2000

Trading suspended since 24 May 2022

Last traded ₹1.80 on 23 May 2022

Latest announcements

Routine notices left out.

  1. Oct 2026

  2. May 2024

Share price history

Daily closes since Jan 2007, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008 and May 2008 to Jul 2010, adjusted for splits and bonuses

Daily close, ₹ per share

Q1 results, quarter to Jun 2021

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹0.09 Cr−98.8% on a year ago
Operating profit
−₹1.30 Cr
Net profit
−₹1.28 Cr
Earnings per share
−₹0.04
Operating margin
−1,447.2%
Net margin
−1,424.6%

From revenue to net profit, ₹ crore

  1. Revenue0.1
  2. Materials and goods0.0
  3. Employee costs−1.2
  4. Other expenses−0.2
  5. Operating profit−1.3
  6. Depreciation0.0
  7. Other income0.0
  8. Finance costs0.0
  9. Profit before tax−1.3
  10. Tax0.0
  11. Net profit−1.3

Opto Circuits (India) results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2021. Results for the quarter to Sep 2021 were due by 14 Nov 2021, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
268.0Sep 18248.2Dec 182710Mar 19238.4Jun 197.9−856Sep 19238.7Dec 198.4−352Mar 207.61.4Jun 200.6−0.5Sep 200.1−1.7Dec 20Mar 210.1−1.3Jun 21
Peak revenue ₹27 Cr, quarter to Mar 2019; lowest ₹0.09 Cr, quarter to Jun 2021A loss in 5 of the 11 quarters with results on record

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
47.6%−10,844.2%32.4%42.8%47.6%45.1%2.8%34.4%−21.8%22.0%−350.2%−1,112.1%−1,447.2%31.1%34.7%38.5%35.9%−10,844.2%37.9%−4,192.8%19.0%−86.8%−1,387.1%−1,424.6%Sep 18Mar 19Sep 19Mar 20Sep 20Mar 21Jun 21
₹ croreSep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020Jun 2020Q1Sep 2020Dec 2020Q3Mar 2021Jun 2021Q1
Revenue from operations141210109192529262427238238810–0
181115761316181714141381510631–1
Materials and goods bought6614491114129784115400–0
Employee costs222212222222223221–1
Other expenses17333112323253222010–0
Operating profit before depreciation−16614336810810131008−22−2−1–−1
Operating margin−1,157.3%10.9%44.4%29.7%36.4%32.9%34.1%36.6%32.4%42.8%47.6%45.1%2.8%34.4%−21.8%22.0%−350.2%−1,112.1%–−1,447.2%
Depreciation and amortisation222222222222000000–0
Other income–00000002100111000–0
Finance costs221110000000000000–0
Profit before one-off items and tax−171−31−114688810809−21−2−2–−1
One-off items−77−40−23––––00000−8560−351020–0
Profit before tax−247−44−22−1146888108−8569−3521−1−2–−1
Tax–––––––00000000000–0
Tax rate–––––––0.0%0.0%0.0%0.0%0.0%–0.0%–0.0%––––
Net profit−247−44−22−1146888108−8569−3521−1−2–−1
Net margin−1,723.5%−354.1%−223.2%−6.4%6.4%20.4%24.8%29.3%31.1%34.7%38.5%35.9%−10,844.2%37.9%−4,192.8%19.0%−86.8%−1,387.1%–−1,424.6%
Earnings per share−₹10.21–−₹0.89−₹0.03₹0.02₹0.14₹0.24₹0.29₹0.28₹0.29₹0.36₹0.28−₹28.48₹0.29−₹11.72₹0.05−₹0.02−₹0.06–−₹0.04
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Mar 2021.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
603244Mar 11671235Mar 12697241Mar 1326142Mar 14141−202Mar 15Mar 1650−364Mar 176310Mar 1810535519Mar 1963−1,192489Mar 20
A loss in the year to Mar 2020, −₹1,192 CrA loss in 3 of the 9 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
43.4%−1,903.0%40.0%39.2%43.4%34.1%29.8%31.8%39.8%26.8%40.5%35.0%34.6%16.1%−143.0%−722.6%15.8%33.3%−1,903.0%Mar 11Mar 13Mar 15Mar 17Mar 19Mar 20

The years either side of a change of basis do not compare. From the year to Mar 2012, the company's revenue for that year, ₹671 Cr, differs from its quarters added, ₹685 Cr.

Results for the year to Mar 2020

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue63
  2. Materials and goods−27
  3. Employee costs−9.0
  4. Other expenses−9.5
  5. Operating profit17
  6. Depreciation−3.3
  7. Other income+2.9
  8. One-off items−1,207
  9. Finance costs−0.8
  10. Profit before tax−1,192
  11. Tax0.0
  12. Net profit−1,192

What the company owns

  • Plant, investments and other assets₹603 Cr
  • Receivables₹24 Cr
  • Inventory₹17 Cr
  • Cash and bank₹0 Cr

What pays for it: net worth and liabilities

  • Borrowings₹489 Cr
  • Other liabilities₹62 Cr
  • Owed to suppliers₹54 Cr
  • Net worth₹39 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the year to Mar 2016.

₹ croreMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue from operations603671697261141–506310563
362–42314893–35436346
Materials and goods bought–36439211964–20284327
Employee costs––101010–8–99
Other expenses––221819–7–1210
Operating profit before depreciation241–27311348–15204217
Operating margin40.0%–39.2%43.4%34.1%–29.8%31.8%39.8%26.8%
Materials, % of revenue––56.2%45.7%45.5%–39.3%–40.9%43.5%
Employee costs, % of revenue––1.4%3.8%7.1%–16.3%–8.2%14.4%
Other expenses, % of revenue––3.2%7.1%13.2%–14.6%–11.1%15.2%
Depreciation and amortisation6–7810–9993
Operating profit after depreciation236–26710538–6113314
Other income36–––––0033
Finance costs2537225458–8111
Profit before one-off items and tax24623924552−19–−1103516
One-off items0−1––−181–−363–0−1,207
Profit before tax24723824552−201–−3641035−1,192
Tax334101–––00
Net profit24423524142−202–−3641035−1,192
Net margin40.5%35.0%34.6%16.1%−143.0%–−722.6%15.8%33.3%−1,903.0%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2011 and Mar 2018 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2012: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.
Earlier years, Mar 2008 to Mar 2010
₹ croreMar 2008Mar 2009Mar 2010
Revenue from operations329401471
Operating expenses210243258
Operating profit before depreciation119159213
Operating margin36.2%39.5%45.2%
Depreciation and amortisation333
Operating profit after depreciation116156210
Other income1228−11
Finance costs94135
Profit before one-off items and tax–143165
One-off items–−2−2
Profit before tax119141164
Tax0117
Net profit119140147
Net margin36.1%35.0%31.2%
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2020, after the latest full year: the balance sheet at its end.

₹ croreMar 2019Mar 2020Sep 2020Half year
1,1773940
Share capital301301301
Reserves876−262−261
519489475
477578549
1582732
Total assets1,812644620
1,721557555
908766
Net debt518489473
Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March. The last column is the half year to Sep 2020, after the latest full year: the cash flow over its six months.

₹ croreSep 2020Half year
−3.1
−3.1
−2.9
Receivables19.7
Inventories3.4
Payables−3.9
Other working capital−22.1
Interest paid0.0
Capital spending0.0
Free cash flow−3.1
3.3
0.9
Dividends paid0.0
Shares bought back0.0
Shares issued0.0
Net change in cash1.1
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
₹10.08₹9.69₹9.95₹1.74−₹8.32–−₹15.02₹0.39₹1.20−₹39.63
As stated that year₹13.10₹9.69₹9.95₹1.74−₹8.32–−₹15.02₹0.39₹1.20−₹39.63
Diluted earnings per share––––––−₹15.02₹0.39₹1.20−₹39.63
₹3.46₹3.00––––––––
Book value per share––––––––₹39.14₹1.30
Dividend payout34.4%31.0%––––––––
Market cap at the year end (₹ crore)5,0494,8831,453659457–224–23950
Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Standalone, years to March.

RatioMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue growth27.9%–3.9%−62.5%−46.0%––26.0%65.2%−40.3%
Operating profit growth13.2%––−58.6%−57.5%––34.6%106.7%−59.7%
Net profit growth66.2%−3.8%2.7%−82.5%––––249.0%–
Earnings per share growth63.1%−3.8%2.7%−82.5%––––207.7%–
––––––––3.0%−196.1%
–––––––––−199.0 pts
From the net margin–––––––––−172.5 pts
From asset turnover–––––––––20.1 pts
From borrowing–––––––––−46.6 pts
Return on capital employed––––––––1.9%2.6%
Interest cover9.5–12.12.00.7–0.88.228.716.0
Debt to equity––––––––0.4412.53
Receivable days––––––––38139
Inventory days––––––––223231
Payable days––––––––184729
Cash conversion cycle, days––––––––77−360
Working capital days––––––––158−171
Asset turnover––––––––0.060.05
Assets per rupee of net worth––––––––1.542.02
Sales per rupee of plant––––––––1.745.13
Plant being built, % of plant in use––––––––1.4%0.0%
Revenue growth is left blank for the year to Mar 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2020.

Return on assets, latest year
−97.1%
Measure10 years5 years3 years
Revenue growth, yearly rate–−15.0%7.5%
Return on equity, average––−96.5%
Return on capital employed, average––2.3%
Operating margin, average–32.1%32.8%
Net margin, average−288.1%−644.1%−618.0%
Asset turnover, average––0.05
Cash conversion cycle, days, average––−141
Interest cover, average–13.417.6
Debt to equity, average––6.48

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Effective tax ratePublished threshold 17.16 per cent1.091.351.5618.50––––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2020 the company reports one business segment, HEALTHCARE, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2020, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−80.1%––0.0%
3 years−43.7%––0.0%
5 years−38.6%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Opto Circuits (India) dividend calendar

Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2020.

Dividends by the month each went ex
YearJanFebMarAprMayJunJulAugSepOctNovDecIn the year
2012₹3.00Not added up
2011₹4.50₹4.50
2010₹4.00₹4.00
2009₹4.00₹4.00
2008₹5.00Not added up
2007₹5.00Not added up

Interim or final dividendSpecial dividendNone that month

Opto Circuits (India) dividend history

Every payment with its ex-date and record date, year by year.

2012

  • Sep21Fri

    ₹3.00Final

    Ex-date 21 Sep 2012 · books closed to 29 Sep 2012

    2.34%of the price

2011

  • Sep21Wed

    ₹4.50Final

    Ex-date 21 Sep 2011 · books closed to 28 Sep 2011

    1.90%of the price

2010

  • Sep21Tue

    ₹4.00Final

    Ex-date 21 Sep 2010 · books closed to 28 Sep 2010

    1.24%of the price

2009

  • Sep18Fri

    ₹4.00Final

    Ex-date 18 Sep 2009 · books closed to 29 Sep 2009

    1.95%of the price

2008

  • Sep24Wed

    ₹5.00Final

    Ex-date 24 Sep 2008 · books closed to 30 Sep 2008

    1.74%of the price

2007

  • Sep18Tue

    ₹5.00Final

    Ex-date 18 Sep 2007 · books closed to 25 Sep 2007

    0.97%of the price

Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date. A book closure is the run of days the company's register is frozen to settle who is paid; a record date is the one-day form of it.

Opto Circuits (India) share price by year

Each calendar year to 2022.

YearClose at year endChangeHighest closeLowest close
20221.80−26.5%3.051.80
20212.45−56.6%6.252.45
20205.65+98.2%18.701.50
20192.85−68.7%9.552.85
20189.10−6.7%15.857.75
20179.75+2.1%11.506.90
20169.55−24.8%16.108.20
201512.70−49.8%25.7011.05
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2022 close is its last trade, on 23 May 2022.

Recent sessions

The 10 trading days to 23 May 2022, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
23 May 20221.801.851.801.801.802,30,196
16 May 20221.901.901.851.851.8577,143
9 May 20222.002.051.901.901.921,90,232
2 May 20222.102.202.002.002.032,56,683
25 Apr 20222.102.202.102.102.113,03,397
18 Apr 20222.352.352.202.202.222,74,133
11 Apr 20222.202.302.102.302.207,36,870
4 Apr 20222.202.202.202.202.204,33,521
28 Mar 20222.302.302.302.302.3095,859
21 Mar 20222.402.402.402.402.4090,217
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
15 Jul 2013Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
10 Jun 2013Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
31 May 2013Price move–Between two trading sessions the price moved by a fifth or more. The company's board met on results that day or since the trading day before. Not adjusted for.
29 Mar 2012Bonus0.7692Holders received 3 bonus shares for every 10 held.
3 Nov 2008Bonus0.5882Holders received 7 bonus shares for every 10 held.
25 Oct 2007Bonus0.6667Holders received 1 bonus share for every 2 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

BSE code
532391
ISIN
INE808B01016
Industry
Healthcare Equipment & Supplies
Former symbols
OPTOCIRCUI
CIN
L85110KA1992PLC013223
Corporate identity number, the registrar of companies' code for it
Incorporated
1992
Registered office
Plot No 83, 1st Floor, Hosur Road, Electronic City, Bengaluru 560100, Karnataka
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments