Opto Circuits (India) Ltd - Stock Valuation and Financial Performance

BSE: 532391 | NSE: OPTOCIRCUI | Medical Equipment/Supplies/Accessories | Small Cap

Opto Circuits (I) Share Price

1.78 0.00 0.00%
as on 23-May'22 18:01

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Opto Circuits (India) stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
53.5 Cr.
52-wk low:
1.8
52-wk high:
1.9

Is an attractive stock to invest in?

1. Is a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Opto Circuits (India) Ltd is a below average quality company.

2. Is undervalued or overvalued?

The key valuation ratios of Opto Circuits (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Opto Circuits (I):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Opto Circuits (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
ROCE % 17.9%14.2%12.5%3.5%-1.3%0.2%-20%0.7%2%-31.2%-
Value Creation
Index
0.30.1-0.1-0.8-1.1-1.0-2.4-1.0-0.9-3.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 60367069926314676.750.463.510562.60
Sales YoY Gr.-11%4.4%-62.4%-44.4%-47.5%-34.3%26%65.2%-40.3%-
Adj EPS 9.89.7101.8-2.9-0.7-150.31.1-11.6-5.3
YoY Gr.--1.4%3.7%-82.1%-263.7%NANANA220.6%-1163.3%-
BVPS (₹) 43.950.16061.85352.336.839.139.11.3-4
Adj Net
Profit
23823424343.3-70.9-18-3649.832.7-349-159
Cash Flow from Ops. 118-29.5-92.9-15.755.733557.446.64221.3-
Debt/CF from Ops. 6.1-22.3-8.8-5615.92.112.411.812.623-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -22.3%-15.6%7.5%-40.3%
Adj EPS -201.9%NANA-1163.3%
BVPS-32.4%-52.4%-67.2%-96.7%
Share Price -24.8% -26% -23.4% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
Return on
Equity %
24.720.618.22.9-5.1-1.4-33.712.8-57.4389.7
Op. Profit
Mgn %
4041.739.443.736.530.629.831.839.826.9-4905.1
Net Profit
Mgn %
39.43534.716.5-48.5-23.5-722.815.531.2-556.7-63493.1
Debt to
Equity
0.70.50.60.60.70.60.80.50.512.5-
Working Cap
Days
3756099062,7744,9588,64610,2396,4713,9494,62462,800
Cash Conv.
Cycle
2342643601,3082,3302,2637344013-122-5,29,655

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Opto Circuits (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -5.3 -4.3
TTM Sales (₹ Cr.) 0.3 106
BVPS (₹.) -4 -7.7
Reserves (₹ Cr.) -421 -531
P/BV -0.44 -0.23
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1.78 / 1.94
All Time Low / High (₹) 1.45 / 262.90
Market Cap (₹ Cr.) 53.5
Equity (₹ Cr.) 300.6
Face Value (₹) 10
Industry PE 58.1

Management X-Ray of Opto Circuits (I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Opto Circuits (I)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Sales603.20669.74699.25262.78146.1476.6750.3863.46104.8262.61
Operating Expenses 361.70390.40425.79149.5598.0553.2235.3843.2863.1045.80
Manufacturing Costs6.304.249.249.149.836.523.902.802.982.51
Material Costs337.59363.56391.91119.4364.1828.0216.0425.0640.2925.09
Employee Cost 6.648.259.539.9510.079.788.217.669.419.04
Other Costs 11.1814.3515.1111.0313.968.907.237.7610.429.16
Operating Profit 241.50279.34273.46113.2348.0923.461520.1841.7216.81
Operating Profit Margin (%) 40.0%41.7%39.1%43.1%32.9%30.6%29.8%31.8%39.8%26.8%
Other Income 36.391.340.0300.0100.170.253.162.94
Interest 24.9336.652253.5857.8231.527.851.361.150.85
Depreciation 5.916.056.617.929.739.508.799.068.813.26
Exceptional Items 0000-181.400-362.5700-1,207.16
Profit Before Tax 247.05237.97244.8751.73-200.84-17.55-364.0410.0134.92-1,191.52
Tax 2.683.213.839.570.670.470000
Profit After Tax 244.38234.77241.0442.16-201.51-18.02-364.0410.0134.92-1,191.52
PAT Margin (%) 40.5%35.1%34.5%16.0%-137.0%-23.5%-722.0%15.8%33.3%-1,903.0%
Adjusted EPS (₹)10.19.710.01.7-8.3-0.7-15.00.41.2-39.6
Dividend Payout Ratio (%)34%31%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20

Equity and Liabilities

Shareholders Fund 1,062.831,213.111,454.151,496.311,284.991,266.97892.321,123.311,176.5039.02
Share Capital 186.40242.32242.32242.32242.32242.32242.32287.50300.63300.63
Reserves 876.43970.791,211.831,253.991,042.671,024.65650835.81875.87-261.60
Minority Interest0000000000
Debt716.78649.25800.79871.41872.95701.79705.95541.14522.11488.89
Long Term Debt148.1380.017.753.8851.6152.90104.77101.3030.61
Short Term Debt568.65641.24800.78863.66869.07650.18653.04436.37420.81458.27
Trade Payables6.6812.1355.4237.23117.78140.257.6220.0631.9254.46
Others Liabilities 257.29130.80164.41118.41148.15149.3496.1289.9393.3061.49
Total Liabilities 2,043.592,005.282,474.772,523.352,423.862,258.351,702.021,774.431,823.83643.85

Fixed Assets

Gross Block98.6699.30152.22152.44151.81147.55148.97149.19149.0344.88
Accumulated Depreciation19.3725.4031.3239.2456.8962.5671.3680.4288.9232.66
Net Fixed Assets79.2973.90120.90113.2094.9184.9877.6168.7760.1112.22
CWIP 1.201.281.291.290102.10102.17157.44157.940
Investments 1,114.39381.66381.66381.66381.66381.66381.66436.57447.04202.36
Inventories245.21265.45360.53438.87341.65280.99108.0427.0226.1817.23
Trade Receivables228.78257.33584.26615.016460.805.3812.0823.3223.78
Cash Equivalents 117.4645.602.162.311.762.760.780.971.210.31
Others Assets257.25980.061,023.96971.02957.881,405.041,026.371,071.581,108.03387.96
Total Assets 2,043.592,005.282,474.772,523.352,423.862,258.351,702.021,774.431,823.83643.85

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Cash Flow From Operating Activity 118.02-29.50-92.94-15.7355.68334.7357.3646.5841.9621.30
PBT 247.05237.97244.8751.73-200.84-18.02-364.0410.0134.92-1,191.52
Adjustment 6.3142.4228.5961.3267.7242.81271.6010.428.541,211.11
Changes in Working Capital -132.66-306.69-362.57-119.21189.48309.94149.8126.16-1.51.72
Tax Paid -2.68-3.21-3.83-9.57-0.6700000
Cash Flow From Investing Activity -572.02145.70-19.18-0.220.04-48.80-55.65-0.77-11.4218.96
Capex -4.82-0.75-53.67-0.220.04-103.47-1.49-0.22-0.07-0.03
Net Investments -592.96146.0634.470000000
Others 25.750.390.020054.67-54.16-0.55-11.3518.99
Cash Flow From Financing Activity 460.63-188.0768.6816.09-56.28-284.93-3.69-45.63-30.29-41.17
Net Proceeds from Shares 79.69000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -24.93-36.65-22-53.58-57.82-31.52-7.85-1.36-1.15-0.85
Dividend Paid -91.74-83.88-60.86-0.94000000
Others 497.61-67.53151.5470.621.54-253.414.16-44.27-29.15-40.32
Net Cash Flow 6.63-71.87-43.440.15-0.551-1.980.180.24-0.90
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Ratios
ROE (%)25.7520.6318.072.86-14.49-1.41-33.720.993.04-196.05
ROCE (%)19.1515.0212.94.53-6.290.67-19.880.692.14-106.58
Asset Turnover Ratio0.370.330.310.110.060.030.030.040.060.05
PAT to CFO Conversion(x)0.48-0.13-0.39-0.37N/AN/AN/A4.651.2N/A
Working Capital Days
Receivable Days1291322208331,5751,540225062137
Inventory Days1091391635559751,4821,40938893127
Payable Days58251013301,5211,682202235628

Opto Circuits (India) Ltd Stock News

Opto Circuits (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Opto Circuits (I) on 23-May-2022 18:01 is ₹1.78.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-May-2022 18:01 the market cap of Opto Circuits (I) stood at ₹53.51.
The latest P/E ratio of Opto Circuits (I) as of 23-May-2022 18:01 is 0.00.
The latest P/B ratio of Opto Circuits (I) as of 23-May-2022 18:01 is -0.44.
The 52-week high of Opto Circuits (I) is ₹1.94 and the 52-week low is ₹1.78.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Opto Circuits (I) is ₹0.25 ( Cr.) .

About Opto Circuits (India) Ltd

Opto Circuits India (OCI), incorporated in the year 1992 is a multinational medical device company headquartered out of Bengaluru, India. The company designs, develop, manufacture, market and distribute a range of medical products that are used by healthcare establishments in more than 150 countries. The manufacturing is backed by a complete range of inspection and reliability testing equipments such as Bond Pull, Shear Testers, Stereo Microscopes, IR Viewers Spectrometers and many more.

OCI specialize in cardiac and vital signs monitoring, emergency cardiac care, vascular treatments and sensing technologies. Its products are US FDA listed and CE marked. Some of the well-known brands marketed by the company are Criticare Systems, Mediaid, Unetixs Vascular, Eurocor and Cardiac Science.

The company has customers in USA, Europe, Middle East, Far East, South Africa etc. To service these customers it has offices through its subsidiaries in USA, Germany, Singapore and Dubai. It has subsidiaries namely Mediaid Inc (USA), Eurocor Gmbh (Germany), Criticare Systems Inc (USA), Advanced Micronic Devices (India), Devon Innovations (India), ORMED Medical Technology (India) and Altron Industries (India).

It clients includes names like Manipal Groups of hospitals, Escorts Heart Hospital, Wockhardt Heart Hospitals, Apollo Group of Hospitals, Lilavati hospital, Breach Candy Hospital are among others.

In January 2009, the company’s California-based Mediaid Inc., the subsidiary company and the international marketing arm of the company had received Brazilian FDA agency - Agencia Nacional de Vigilancia Sanitaria (ANVISA) - approval for marketing and sale of the Mediaid brand of US FDA-approved Pulse Oximetry (SPO2) products (Patient Monitors & Sensors) in the country and surrounding geographies.

During December, 2010 Opto Circuits (India) has successfully acquired 76% of outstanding common stock of Cardiac Science Corporation US. The company plans to exercise its top-up option under the terms of the merger agreement. The merger is expected to occur in the next few days. Following the merger, Cardiac Science will become a wholly-owned subsidiary of Opto Circuits (India).

Products

Health Care products- Under this segment it manufactures Pulse Oximeters, Pulse Oximeter Sensors, Fluid warmers, Digital Thermometer,Cholesterol Monitors And Stent.

Opto Electronics products- The Company manufactures Infrared Emitters, Infra Red Detectors, Photo Sensor, Detector and Emitter Assemblies.

Recognition

The company has ISO 9001-2000 and ISO 13485-2003 quality system certification.

OCI has received 2 Star Trading House Status in accordance with the provisions of Exim Policy of Federal Government of India.

Opto Circuits (India) has been featured in Forbes Asia’s 200 ‘Best Under a Billion’ List, 2011 by Forbes magazine. This is the third time the company has made it to this list, the last two times being 2008 and 2009.

Milestones

2010
- Opto Circuits acquisition of Unetixs Vascular creates strong synergies for Criticare Systems.
- Opto Circuits Successfully Completes Acquisition of Cardiac Science.
- Opto Circuits forays into manufacturing of cardiac stents - acquires Kolkata based N.S. Remedies.

2011
- Opto Circuits presents Bangalore Metro Rail Corporation Ltd. it's first public access defibrillator.
- Opto Circuits launches campaign to promote heart safe environments on World Heart Day.
- Opto Circuits ranked amongst Forbes' Asia's 200 Best Under a Billion companies for third year.

2012
- Opto Circuits launches new Powerheart G5 AED.
- Opto Circuits Supplies AEDs to 2012 UEFA European Football Championship.
- Opto Circuits launches its first Sirolimus Drug Eluting Stent."

 

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