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La Opala RG Ltd (LAOPALA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526947 NSE: LAOPALA Glass | Small Cap | La Opala R G Share Price

₹177.35 -0.40 (-0.23%)

As on 04-Jun'26 16:59

La Opala RG Ltd (LAOPALA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526947 NSE: LAOPALA Glass | Small Cap | La Opala R G Share Price

₹177.35 -0.40 (-0.23%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,969 Cr.
Current Price
₹177.4
52-Week Low / High
₹163 / 286
TTM EPS
₹8.3
TTM Sales
₹309 Cr.
Book Value per Share
₹73.9
P/E Ratio
21.33
Lower than its 5-year historical median
Industry PE
65.4
Price to Book (P/B)
2.40
Lower than its 5-year historical median
Price to Sales (P/S)
6.37
Lower than its 5-year historical median
EV/EBITDA
13.36
Lower than its 5-year historical median
Dividend Yield
3.54%
Profitability Efficiency
Return on Equity (ROE)
11.53%
Outperforms industry median
Return on Capital Employed (ROCE)
16.25%
Outperforms industry median
Return on Assets (ROA)
10.56%
Operating Profit Margin
32.6%
Net Profit Margin
29.1%
Gross Profit Margin
45.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-9.11%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-20.23%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-24.37%
Asset Quality
Promoter Holding
66.15%
Pledged shares (%) of Promoter's holding (%)
0.03%
Reserves
₹798 Cr.
Equity
₹22.2 Cr.
Face Value
₹2
All Time Low / High
₹0.50 / 487.00

La Opala RG stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is La Opala RG Ltd a good quality company?
La Opala RG 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 La Opala RG Ltd performance compare with that of its Peers?
Q.1 Revenue growth of La Opala RG Ltd vs industry peers?
La Opala RG Ltd revenue CAGR is 4.21%, compared to the industry median CAGR of 4.17%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of La Opala RG Ltd?
Promoters hold 66.15% of the La Opala RG Ltd, with 0.03% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of La Opala RG Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -4.3% based on the current price.

DeciZen - make an informed investing decision on La Opala R G

Decision Maker
Standalone basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

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.
La Opala RG 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 36.6%26%22.6%21.8%19.5%10.6%17%22.3%19.2%16.3%-
Value Creation
Index
1.60.90.60.60.4-0.30.20.60.40.2-

Growth Parameters

Sales 249235259278270211323452365332309
Sales YoY Gr.--5.6%10.2%7.3%-2.9%-21.8%52.7%40.2%-19.3%-9.1%-
Adj EPS 5.35.76.86.47.44.47.61111.28.38.3
YoY Gr.-8%19.6%-6.2%16%-40.4%73.4%43.8%2.5%-26.6%-
BVPS (₹) 20.939.245.447.749.16066.769.876.774.373.9
Adj Net
Profit
58.36375.370.681.948.884.712212591.692
Cash Flow from Ops. 6171.880.250.673.283.399.410968.2112-
Debt/CF from Ops. 0.100.100.100.10.10.10.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.2%4.2%0.9%-9.1%
Adj EPS 5.2%2.3%2.6%-26.6%
BVPS15.1%8.6%3.6%-3.2%
Share Price -4.1% -9% -24% -27.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
27.918.91613.715.28.112.116.115.310.911.2
Op. Profit
Mgn %
34.737.842.140.638.632.537.936.737.132.637.4
Net Profit
Mgn %
23.426.82925.430.323.126.326.934.227.629.9
Debt to
Equity
00000000000
Working Cap
Days
1051211141311611729080128135360
Cash Conv.
Cycle
75877887106110484593109340

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales249235259278270211323452365332
Operating Expenses + 163148153166166143200287230224
Manufacturing Costs504957706643821199868
Material Costs25373222274338462962
Employee Cost 32343844494053696963
Other Costs 55272630251828523431
Operating Profit 868810711210468122165136108
Operating Profit Margin (%) 34.7%37.3%41.1%40.4%38.6%32.4%37.9%36.6%37.1%32.6%
Other Income + 112131717819294448
Exceptional Items 000000-7000
Interest 1111104765
Depreciation 9121416161214222218
Profit Before Tax 788610511310564117165152132
Tax 19243239201429422436
Profit After Tax 5962737484508712312897
PAT Margin (%) 23.6%26.4%28.3%26.6%31.2%23.5%27.1%27.2%35.0%29.1%
Adjusted EPS (₹)5.35.66.66.77.64.57.911.111.58.7
Dividend Payout Ratio (%)17%17.90%16.60%18%15.80%33.60%29.20%45.10%86.90%86.20%

Valuation of La Opala R G - 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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 232435504529545666740775852824
Share Capital 11112222222222222222
Reserves 221424481507523644718753829802
Debt +6041511412910
Long Term Debt00000013863
Short Term Debt6041511438
Minority Interest0000000000
Trade Payables5710131213192698
Others Liabilities 41545958496273845859
Total Liabilities 284495577601611742846897927901

Fixed Assets

Net Fixed Assets +107108131121122114119217197187
Gross Block165176212219232227243357350343
Accumulated Depreciation58688197110112123139153156
CWIP 11022581108066
Investments 95305361356340461535554588599
Inventories403432485530377610071
Trade Receivables26334148443832362529
Cash Equivalents 1234444411
Others Assets 131492121141091110
Total Assets 284495577601611742846897927901

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 6172805173839910968112
PBT 788610511310564117165152132
Adjustment 103400578-16-23
Changes in Working Capital -812-27-4333-31-3524
Tax Paid -18-19-32-35-28-19-28-33-33-22
Cash Flow From Investing Activity + -49-52-69-32-45-79-75-69-253
Capex -45-15-35-16-33-45-41-22-8-9
Net Investments -5-38-34-16-12-34-34-47-216
Others 11100-00055
Cash Flow From Financing Activity + -11-19-10-18-29-4-24-40-43-115
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000013-1-3-3
Interest Paid -1-1-10-0-0-4-7-6-5
Dividend Paid -9-12-13-15-320-33-31-33-111
Others -2-64-43-40-0-14
Net Cash Flow 0110-1-0-000-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)28.1318.6515.6514.3415.698.1912.4316.2315.7111.53
ROCE (%)36.5825.9522.5621.8319.4910.5616.9722.3419.2116.25
Asset Turnover Ratio10.620.480.470.450.310.410.520.40.36
PAT to CFO Conversion(x)1.031.161.10.690.871.661.140.890.531.15
Working Capital Days
Receivable Days3544.2051.7058.5062.2069.9039.3027.6030.2029.20
Inventory Days49.7056.304652.4069.9072.7037.1045.1087.5093.80
Payable Days65.1054.8094.30190.20172107.50155.10178.20222.2048.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.03
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

La Opala RG Ltd FAQs

The current trading price of La Opala R G on 04-Jun-2026 16:59 is ₹177.3.

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-Jun-2026 the market cap of La Opala R G stood at ₹1,968.6 Cr

The latest P/E ratio of La Opala R G as of 03-Jun-2026 is 21.33.

The latest P/B ratio of La Opala R G as of 03-Jun-2026 is 2.40.

The 52-week high of La Opala R G is ₹286.0 and the 52-week low is ₹163.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of La Opala R G is ₹309 ( Cr.) .

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

The key valuation ratios of La Opala RG Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of La Opala RG Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About La Opala RG Ltd

La Opala RG Limited is a public limited Company incorporated in India with its registered office in Kolkata, West Bengal, India. The Company is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Opal glass making, first perfected in France, was transplanted to India in 1988 by LaOpala, a grand, 70 years presence in the national glass industry. Since then, the company has made it its mission to bring the beauty of opal glass home to Indians and Laopala’s endeavour and commitment has created waves in the lifestyle market.

The company was promoted by the Jhunjhunwala family the main promoter was Sushil Jhunjhunwala and his son Ajit Jhunjhunwala. The company entered the crockery market and introduced a wide range of opalware with a capacity of 688 tonnes per annum at Madhupur Bihar. The main object of the company is to manufacture glass and glass products of all types.

The company with its endeavour to make its presence felt in the international market started exporting its products with the first consignment leaving the Indian port in 1993. Since then the company had registered a phenomenal growth in export and is currently exporting to various countries which includes USA, UK, France, Spain, Italy and Middle East nations.

Business area of the company

The company is a leading manufacturer and marketer of life style product in the glassware segment. The company has spread the wings beyond domestic arena and ventured into the leading market of the world.

Brands of the company

La Opala: is the flagship brand of the Company and caters to entry-level dinner sets, plates, bowls, coffee mugs and other products. La Opala offers two well crafted collections - Melody and Novo.

Diva: Diva offers a premium range of products under five collections - Classique, Ivory, Cosmo, Quadra and Sovrana

Solitaire: ‘Solitaire’ markets crystal glassware.

Awards and accolades

FY2016-17

  • ET Bengal Corporate Awards (Best Financial Performance)
  • India’s Most Trusted Dinnerware Brand (The Brand Trust Report, India Study
  • ET Bengal Corporate Awards (Best Financial Performance)
  • FE CFO Awards - 2017 (The Financial Express) CAPEXIL (Special Export Awards)

FY2017-18

  • ET Bengal Awards ( nominated five years out of five, awarded in four)
  • Best Under a Billion - Forbes, 2013
  • CAPEXIL Award and EPCH Award year-on-year
  • India’s Most Trusted Dinnerware Brand (The Brand Trust Report, India Study - 2016)

FY2018-19

  • ET Bengal Awards (nominated five years out of five, awarded in four)
  • Best Under a Billion - Forbes, 2013
  • CAPEXIL Award and EPCHAward year-on-year
  • India’s Most Trusted Dinnerware Brand (The Brand Trust Report, India Study - 2016 )
  • FE CFO Awards - 2017 (The Financial Express)

FY2019-20

  • ET Bengal Awards (nominated six years at a stretch, awarded in all six)
  • Best Under a Billion - Forbes, 2013
  • ‘Star SME Medium Scale Manufacturing’ by Business Today SME Awards
  • CAPEXIL Award and EPCH Award year-on-year
  • India’s Most Trusted Dinnerware Brand (The Brand Trust Report, India Study - 2016)
  • FE CFO Awards - 2017 and 2019 (The Financial Express)

Milestones

  • 1987: The journey began for La Opala Glass Private Limited.
  • 1988: Pioneering in opal glass technology in India, the first opal glass plant was set up at Madhupur, Bihar
  • 1988: Witnessed overwhelming market acceptance.
  • 1991: La Opala earned the honour of being the first exporter of opal glass Tableware.
  • 1995: La Opala became the first Public Limited tableware company.
  • 1996: Pioneered 24% Lead Crystal Glassware technology in India and set up the first Crystal Glass plant at Madhupur, Bihar.
  • 1996: Launched India's first 24% Lead Crystal Glassware, under the brand name 'Solitaire'.
  • 1997: Became the first Indian company to export 24% Lead Crystal Tableware.
  • 1999: The merger of La Opala Glass Ltd, with Radha Glass & Industries Ltd, forming La Opala RG Ltd.
  • 2005: Received the honour of recognition as Export House from the Government of India.
  • 2007: First Indian Company to supply 24% Lead Crystal Glassware to world renowned Rosenthal.
  • 2007: Fully automatic state-of-the-art plant set up at Sitargung, Uttarakhand, to produce worldclass opal glass tableware.
  • 2008: Witnessed the launch of 'Diva', the hi-tech, worldclass opal brand in the premium segment.
  • 2011: Ranked as 250 among the top 400 small cap companies of India, by Dalal Street.
  • 2012: The company completed the major expansion plan at their Sitargunj, Uttarakhand plant.
  • 2013: Awarded with the prestigious Economic Times Bengal Corporate Awards for the Best Entity in Innovation in Business Model.
  • 2014: La Opala shares were split from Rs 10 face value to Rs 2.
  • 2015: Second additional Furnace with a press line was installed at the Sitargunj Plant.
  • 2016: Grand launch of “SOVRANA” and “QUADRA” from the Sitargunj Plant.
  • 2016: The Decal Plant was set up at the Sitargunj Plant.
  • 2018: The Capacity of the Second Furnace was increased.
  • 2018: Launched the Cosmo Collection - Catering to the HORECA Segment (Hotels, Restaurants & Caterers).
  • 2019: The company commissioned its Sitargunj facility through a mix of debt and internal accruals.
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