Opto Circuits (India) Ltd

₹ 1.80 -2.70%

23 May 2022

optocircuits.com BSE: 532391 NSE: OPTOCIRCUI

About

Incorporated in 1992, Opto Circuits (India) Ltd
is engaged in the manufacturing and trading of invasive and non-invasive medical equipment.

Key Points

Business Profile:^[1]
Company is a multinational medical device organization based in Bengaluru. Company designs, develops, manufactures, markets
and distributes medical products that are
used by healthcare establishments in 150+ countries. Company specializes in vital signs monitoring, emergency cardiac care, vascular treatments, sensing technologies, etc.

Website BSE NSE - BZ

Market Cap ₹ 54.1 Cr.
Current Price ₹ 1.80
High / Low ₹ /
Stock P/E
Book Value ₹ -8.20
Dividend Yield 0.00 %
ROCE 1.66 %
ROE -1.03 %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -31.5% over past five years.
Company has a low return on equity of 3.21% over last 3 years.
Contingent liabilities of Rs.288 Cr.
Debtor days have increased from 80.2 to 114 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

Sector: Healthcare Industry: Healthcare

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020
	58.68	66.43	71.32	65.87	66.41	61.61	50.28	39.52	53.98	34.88	19.83	17.54	34.10
	45.89	52.91	54.39	50.99	48.87	47.23	36.65	38.16	45.87	36.05	23.20	23.21	42.19
Operating Profit	12.79	13.52	16.93	14.88	17.54	14.38	13.63	1.36	8.11	-1.17	-3.37	-5.67	-8.09
OPM %	21.80%	20.35%	23.74%	22.59%	26.41%	23.34%	27.11%	3.44%	15.02%	-3.35%	-16.99%	-32.33%	-23.72%
	0.35	0.55	0.64	2.15	0.51	0.81	0.42	-1,270.53	0.72	-97.63	5.06	1.85	1.34
Interest	1.23	0.05	1.62	3.95	5.81	-0.08	0.50	0.79	1.62	25.87	0.20	0.14	0.16
Depreciation	3.66	3.17	2.72	2.76	2.57	2.90	2.69	0.85	0.85	1.16	0.99	0.72	0.84
Profit before tax	8.25	10.85	13.23	10.32	9.67	12.37	10.86	-1,270.81	6.36	-125.83	0.50	-4.68	-7.75
Tax %	2.30%	0.92%	1.44%	10.37%	-0.21%	10.75%	0.00%	0.00%	0.00%	0.14%	4.00%	0.00%	1.55%
	8.05	10.75	13.04	9.25	9.69	11.04	10.86	-1,270.81	6.36	-125.99	0.48	-4.68	-7.88
EPS in Rs	0.29	0.37	0.45	0.32	0.34	0.37	0.36	-42.20	0.21	-3.87	0.02	-0.16	-0.26
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	817	1,077	1,586	2,357	2,398	1,406	1,185	313	215	228	256	179	106
	557	709	1,139	1,739	1,803	1,142	946	290	192	176	192	157	125
Operating Profit	260	368	448	617	595	264	239	23	24	52	64	22	-18
OPM %	32%	34%	28%	26%	25%	19%	20%	7%	11%	23%	25%	12%	-17%
	24	-12	29	13	-5	61	-157	26	-498	3	4	-1,367	-89
Interest	54	38	32	59	109	137	144	44	17	6	3	29	26
Depreciation	14	28	51	55	96	76	95	41	16	13	11	6	4
Profit before tax	217	290	394	516	385	112	-155	-36	-507	36	54	-1,379	-138
Tax %	3%	10%	6%	-11%	1%	20%	1%	3%	0%	2%	4%	0%
	209	260	369	573	382	90	-157	-37	-508	36	52	-1,380	-138
EPS in Rs	9.94	10.95	15.16	23.60	15.67	3.75	-6.45	-1.54	-21.05	1.20	1.71	-45.50	-4.27
Dividend Payout %	31%	28%	23%	13%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-16%
5 Years:	-32%
3 Years:	-6%
TTM:	-48%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	14%
TTM:	-222%

Stock Price CAGR
10 Years:	-22%
5 Years:	-9%
3 Years:	-12%
1 Year:	%

Return on Equity
10 Years:	10%
5 Years:	1%
3 Years:	3%
Last Year:	-1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
Equity Capital	161	183	186	242	242	242	242	242	242	288	301	301	301
Reserves	355	863	1,180	1,457	1,840	1,986	1,710	1,446	612	655	819	-377	-547
	538	233	900	1,172	1,454	1,580	1,791	1,104	973	865	815	987	1,041
	385	352	733	660	797	556	511	420	376	270	232	195	185
Total Liabilities	1,439	1,630	3,000	3,531	4,333	4,364	4,254	3,212	2,203	2,078	2,167	1,106	979
	435	510	1,068	1,160	1,168	1,109	956	624	356	343	616	352	166
CWIP	17	26	34	43	44	47	31	33	303	356	358	1	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	986	1,094	1,898	2,328	3,121	3,208	3,267	2,556	1,543	1,379	1,193	753	813
Total Assets	1,439	1,630	3,000	3,531	4,333	4,364	4,254	3,212	2,203	2,078	2,167	1,106	979

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
	115	178	131	127	-140	-0	-145	724	309	70	45	-182
	-417	-116	-596	-337	-102	-11	83	-9	-118	4	17	1
	325	-31	577	151	111	-12	68	-732	-191	-71	-69	180
Net Cash Flow	23	31	112	-60	-131	-23	6	-16	-1	3	-7	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Debtor Days	181	149	156	131	242	448	567	417	411	60	66	114
Inventory Days	185	138	189	154	235	417	519	1,523	1,027	648	526	246
Days Payable	150	98	184	62	129	145	184	538	171	119	129	547
Cash Conversion Cycle	217	188	161	223	348	721	903	1,402	1,267	589	464	-186
Working Capital Days	233	213	192	169	312	597	676	1,027	432	255	283	-63
ROCE %	36%	28%	23%	22%	16%	7%	4%	0%	0%	2%	3%	2%

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%
No. of Shareholders	90,309	88,361	87,366	86,786	85,890	84,869	84,699	83,805	83,095	94,119	95,828	96,217

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Dec 2020
	24.91%	21.53%	19.30%	19.48%	18.52%
	0.15%	0.17%	0.74%	0.91%	0.96%
	1.87%	1.57%	0.80%	0.60%	0.02%
	73.06%	76.73%	79.15%	79.01%	80.50%
No. of Shareholders	99,573	90,309	85,890	83,095	96,217

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Opto Circuits (India) Ltd

Opto Circuits (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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