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Cryogenic OGS Ltd (544440)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544440 NSE: Engineering - Industrial Equipments | Small Cap | Cryogenic OGS Share Price

₹340.70 16.20 (4.99%)

As on 04-Aug'26 12:57

Cryogenic OGS Ltd (544440)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544440 NSE: Engineering - Industrial Equipments | Small Cap | Cryogenic OGS Share Price

₹340.70 16.20 (4.99%)

As on 04-Aug'26 12:57

Key Metrics
Valuation Multiples
Market Cap
₹463 Cr.
Current Price
₹340.7
52-Week Low / High
₹104 / 333
TTM EPS
₹7.1
TTM Sales
₹40.8 Cr.
Book Value per Share
₹38.3
P/E Ratio
45.51
Higher than its 5-year historical median
Industry PE
55.9
Price to Book (P/B)
8.48
Higher than its 5-year historical median
Price to Sales (P/S)
11.35
Higher than its 5-year historical median
EV/EBITDA
33.27
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
24.35%
Outperforms industry median
Return on Capital Employed (ROCE)
32.53%
Outperforms industry median
Return on Assets (ROA)
20.33%
Operating Profit Margin
27.8%
Net Profit Margin
24.94%
Gross Profit Margin
31.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
24.07%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
42.34%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
67.16%
Asset Quality
Promoter Holding
74.29%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹40 Cr.
Equity
₹14.3 Cr.
Face Value
₹10
All Time Low / High
₹89.30 / 320.25

Cryogenic OGS stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Cryogenic OGS Ltd a good quality company?
Cryogenic OGS Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Cryogenic OGS Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Cryogenic OGS Ltd vs industry peers?
Cryogenic OGS Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 4.08%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Cryogenic OGS Ltd?
Promoters hold 74.29% of the Cryogenic OGS Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Cryogenic OGS Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 150.76% based on the current price.

10 Year X-Ray :

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.
Cryogenic OGS Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 30.2%34.8%35.9%32.1%32.5%-
Value Creation
Index
1.21.51.61.31.3-

Growth Parameters

Sales 23.32224.332.940.841
Sales YoY Gr.--5.6%10.1%35.7%24.1%-
Adj EPS 33.84.95.86.57.1
YoY Gr.-23.4%30.7%17.8%13%-
BVPS (₹) 12.816.721.827.638.338.3
Adj Net
Profit
3.23.95.26.19.310
Cash Flow from Ops. 2.51.81.51.98-
Debt/CF from Ops. 0.60000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA22.8%24.1%
Adj EPS NANA20.3%13%
BVPSNANA31.9%38.6%
Share Price - - - 172.5%

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
23.725.425.523.422.318.6
Op. Profit
Mgn %
18.625.726.324.227.8NAN
Net Profit
Mgn %
13.717.921.218.422.824.9
Debt to
Equity
0.10000-
Working Cap
Days
01081261281230
Cash Conv.
Cycle
0-322466790

Valuation of Cryogenic OGS - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26
Sales2322243341
Operating Expenses + 1916182529
Manufacturing Costs12234
Material Costs1512131921
Employee Cost 11123
Other Costs 22212
Operating Profit 466811
Operating Profit Margin (%) 18.6%25.6%26.3%24.2%27.8%
Other Income + 11112
Exceptional Items 00001
Interest 00000
Depreciation 01111
Profit Before Tax 457813
Tax 11223
Profit After Tax 345610
PAT Margin (%) 14.1%18.5%22.0%18.5%24.9%
Adjusted EPS (₹)3.13.95.15.87.1
Dividend Payout Ratio (%)0%0%0%0%0%
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1318232955
Share Capital 1111114
Reserves 1317221840
Debt +20000
Long Term Debt00000
Short Term Debt20000
Minority Interest00000
Trade Payables75433
Others Liabilities 11129
Total Liabilities 2224283466

Fixed Assets

Net Fixed Assets +877716
Gross Block1010101019
Accumulated Depreciation23334
CWIP 00002
Investments 11222
Inventories22468
Trade Receivables35575
Cash Equivalents 88101133
Others Assets 10011
Total Assets 2224283466
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 22228
PBT 457813
Adjustment -00-00-1
Changes in Working Capital -1-3-3-4-1
Tax Paid -1-1-2-2-4
Cash Flow From Investing Activity + -1-0-1-1-21
Capex -2-00-0-2
Net Investments 0-0-2-1-19
Others 10100
Cash Flow From Financing Activity + -1-2-0-015
Net Proceeds from Shares 000015
Net Proceeds from Borrowing -00000
Interest Paid -0-0-0-0-0
Dividend Paid 00000
Others -1-200-0
Net Cash Flow 10013
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)24.4126.3326.4723.4924.35
ROCE (%)30.1934.835.8632.1232.53
Asset Turnover Ratio1.040.950.931.060.82
PAT to CFO Conversion(x)0.670.50.40.330.8
Working Capital Days
Receivable Days41.2064.4078.9066.4051.10
Inventory Days38.103643.9053.9061.60
Payable Days160.70181.40130.407047.50

Top 5 Mutual Funds Holding

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Announcements

Cryogenic OGS Ltd FAQs

The current trading price of Cryogenic OGS on 04-Aug-2026 12:57 is ₹340.7.

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 03-Aug-2026 the market cap of Cryogenic OGS stood at ₹463.4 Cr

The latest P/E ratio of Cryogenic OGS as of 03-Aug-2026 is 45.51.

The latest P/B ratio of Cryogenic OGS as of 03-Aug-2026 is 8.48.

The 52-week high of Cryogenic OGS is ₹332.5 and the 52-week low is ₹103.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cryogenic OGS is ₹40.82 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Cryogenic OGS Ltd is a good quality company.

The key valuation ratios of Cryogenic OGS Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cryogenic OGS Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Cryogenic OGS Ltd

Cryogenic OGS was originally incorporated on September 05, 1997 under the name and style of ‘MANGUKIA STEEL PRIVATE LIMITED’, pursuant to a certificate of incorporation dated September 05, 1997 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Further, the company changed its name to ‘CRYOGENIC LIQUIDE PRIVATE LIMITED’ pursuant to a resolution passed by the Shareholders in an Extraordinary General Meeting held on March 21, 2011, with a fresh certificate of incorporation dated April 27, 2011 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Later on, the company changed its name to ‘CRYOGENIC OGS PRIVATE LIMITED’ again pursuant to a resolution passed by the Shareholders at the Annual General Meeting held on September 30, 2023, with a fresh certificate of incorporation dated October 20, 2023 issued by Registrar of Companies, Ahmedabad. Furthermore, the company was converted into a public limited company pursuant to a resolution passed by the Shareholders in an Extraordinary General Meeting held on November 01, 2023, with a fresh certificate of incorporation dated November 10, 2023 issued by Registrar of Companies, Ahmedabad. Consequently, the name of the company was changed to ‘CRYOGENIC OGS LIMITED’.

The company provides high-quality measurement and filtration equipment and systems by fabrication and assembling for various sectors like oil, gas, chemicals and allied fluid industry. Focused on innovative and tailored services, for oil, gas, chemicals and allied fluid industry, it provides customized solutions to meet the specific needs of its customers. Its team of experts works closely with clients to understand their unique requirements, developing tailored strategies that maximize efficiency and minimize costs.

Its in-house engineering and design capabilities helps it to offer diversified products and solutions to its customers in each of the segments in which it operates. Its comprehensive solutions include design, process engineering and manufacturing including fabrication, assembly and testing facilities. It uses Auto-CAD ELD software along with other pairing software for preparing designs of its products. Its production facilities are equipped with all the required machineries and equipment required for its production processes. 

It also has a well-equipped quality checking department with highly skilled manpower to carry out the required testing of all kinds relating to the machines and equipment being prepared by the company for e.g. Chemical testing, Mechanical testing, non-destructive testing, Hydro test of Equipment, Pneumatic leak test with air etc. It also has its administration block built up in the same premises to facilitate and ease out the overall working of the business.

Business area of the company

The company is engaged in fabrication and assembling of gas metering skid and meter run, chemical and additive injection skid, strainer cum air and vapor eliminator, design fabrication and testing of strainer, bulk air eliminator, pressure vessels, LPG vapor eliminator, prover tank, etc.

Products of the company

  • Truck loading/ tank wagon loading skid (liquid & gas skid)
  • Additive dosing skid
  • Additive injection panel (block)
  • Air eliminator
  • Basket strainers
  • Prover tank
  • Strainer cum air (vapor) eliminator
  • Optical air eliminator

Awards, certifications, and accreditations

  • 2021-2023: Received Performance Feedback Letter from EMERSON MEASUREMENT SYSTEMS AND SOLUTIONS (INDIA) PRIVATE LIMITED for successful installation of Bulk vapor eliminator and Assembly & Fabrication of Piping Spool.
  • 2023: Received Performance Feedback Letter from BHARAT PETROLEUM CORPORATION LIMITED for successful installation of Prover Tank.
  • 2023: Received Performance Feedback Letter from INDIAN OIL CORPORATION LIMITED for successful installation of Basket Strainer cum air eliminator.
  • 2023: Received Performance Feedback Letter from HINDUSTAN PETROLEUM CORPORATION LIMITED for successful installation of Strainer cum air eliminator and Prover Tank.
  • 2024: Inclusion amongst Top 20 suppliers of HONEYWELL AUTOMATION INDIA LIMITED by way of their Supplier Rating.

History and milestones

  • 1997-98: The company was incorporated on September 05, 1997 under the name ‘Mangukia Steel Private Limited’, pursuant to a certificate of incorporation dated September 05, 1997 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli.
  • 2011: Strategic Partnerships and Major Orders: - Received first order from Hindustan Petroleum Corporation Limited through Larsen and Toubro Ltd. Began manufacturing metering skids, landing first order for HPCLMittal Refinery via Honeywell Automation India.
  • 2012-13: Financial Growth and Key Contracts: - Achieved significant turnover of Rs 2.82 crore in 2012, with a profit of Rs 15.94 lakh.
  • 2018: High-Value Orders and Market Presence:- Bagged a substantial Rs 4.5 crore order from Endress + Hauser for Pipeline Transfer Metering Skids for IOCL terminals.
  • 2019: Record-Breaking Turnover and Innovative Product Delivery: -Achieved a turnover of Rs 21.20 crore, with a net profit of Rs 1.52 crore. Delivered a major order for Ron Booster (octane booster) control panels and mixers worth Rs 1.72 crore to Indian Oil Corporation Limited.
  • 2022: State-of-the-Art Facility: Launched a world-class manufacturing facility covering a total land area of 93,000 sq ft, with a 65,000 sq ft manufacturing area, a 9,000 sq ft admin building, and a 10,000 sq ft storage facility.
  • 2023: Financial Milestone and Global Recognitions: Achieved zero debt status by March 31, 2023. Recognized as a globally approved vendor for Honeywell Automation India Ltd, Emerson Process Management, ABB India Ltd, and Endress + Hauser. Expanded market presence to over 300 IOCL terminals, 200 HPCL terminals, and 200 BPCL terminals.
  • 2023: Innovative Ventures and Strategic Partnerships: Began manufacturing LNG and Hydrogen Metering Skids. Signed an agreement with KMC Oil and Gas Equipment LLC, Abu Dhabi, for sales and marketing in GCC countries.
  • 2023: International Audit and Approval: Successfully audited by Endress and Hauser with Arrow Energy Australia for gas skid requirements, securing approval for the Australian market.
  • 2023: Conversion of the company from Private Limited to Public Limited Company.

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