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Opto Circuits (India) Ltd (OPTOCIRCUI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating 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

Opto Circuits (India) Ltd (OPTOCIRCUI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating 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

Key Metrics
Valuation Multiples
Market Cap
₹54 Cr.
Current Price
₹1.8
52-Week Low / High
₹2 / 2
TTM EPS
₹-4.3
TTM Sales
₹106 Cr.
Book Value per Share
₹-7.7
P/E Ratio
0.00
Industry PE
127.5
Price to Book (P/B)
-0.23
Price to Sales (P/S)
0.50
EV/EBITDA
-149.39
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-344.88%
Return on Capital Employed (ROCE)
-103.79%
Return on Assets (ROA)
-85.11%
Operating Profit Margin
13.5%
Net Profit Margin
-761.35%
Gross Profit Margin
0.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-40.27%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-62.83%
Net Profit Growth (1 Year)
-
-2773.09%
Asset Quality
Promoter Holding
18.52%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-531 Cr.
Equity
₹300.6 Cr.
Face Value
₹10
All Time Low / High
₹1.45 / 262.90

Opto Circuits (India) stock performance

Key Ratios
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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.
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

Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
ROCE % 19.2%15%12.9%4.5%-6.3%0.7%-19.9%0.7%2.1%-106.6%-
Value Creation
Index
0.40.1-0.1-0.7-1.5-1.0-2.4-1.0-0.9-8.6-

Growth Parameters

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

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 -18% -13.6% - -

Key Financial Parameters

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

Valuation of Opto Circuits (I) - Consolidated

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

Financials

PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Sales1,586.832,356.852,399.351,408.011,187.12312.98215.29228.36257.77181.20
Operating Expenses + 1,139.501,740.351,804.501,144.16947.79306.15191.70176.34191.93156.73
Manufacturing Costs72.87106.52199.92119.73135.0863.4913.6712.657.277.08
Material Costs835.361,211.881,156.77690.23527.27112.7985.0892.08112.5869.82
Employee Cost 110.07186.59199.69158.58136.8052.7938.7736.2541.8544.91
Other Costs 121.21235.36248.13175.61148.6477.0754.1835.3630.2334.92
Operating Profit 447.33616.50594.85263.85239.336.8323.5952.0265.8424.47
Operating Profit Margin (%) 28.2%26.2%24.8%18.7%20.2%2.2%11.0%22.8%25.5%13.5%
Other Income + 29.1613.567.3163.3224.8033.810.701.211.984.76
Exceptional Items 00-11.49-2.31-181.408.69-498.671.600-1,374.32
Interest 32.0659.20109.24137.14143.5143.6617.075.763.2428.78
Depreciation 50.8054.6395.9575.7094.5541.3716.0312.5910.795.54
Profit Before Tax 393.64516.24385.48112.01-155.34-35.71-507.4936.4953.79-1,379.41
Tax 25.09-57.163.1221.971.711.150.810.902.190.17
Profit After Tax 368.55573.40382.3690.04-157.05-36.86-508.3035.5951.61-1,379.58
PAT Margin (%) 23.2%24.3%15.9%6.4%-13.2%-11.8%-236.0%15.6%20.0%-761.0%
Adjusted EPS (₹)15.223.615.73.8-6.5-1.5-21.11.21.7-45.5
Dividend Payout Ratio (%)22.80%12.70%0%0%0%0%0%0%0%0%
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20

Equity and Liabilities

Shareholders Fund + 1,366.861,699.332,081.932,228.801,952.381,688.31853.98942.591,159.77-76.04
Share Capital 186.40242.32242.32242.32242.32242.32242.32287.50300.63300.63
Reserves 1,180.461,457.011,839.611,986.481,710.071,446611.66655.09859.15-376.67
Debt +892.131,061.331,320.431,368.711,372.481,095.33965.05835.78807.53987.32
Long Term Debt262.54296.87225.75192.3618.4969.4343.8011.7366.48170.41
Short Term Debt629.58764.461,094.681,176.351,353.991,025.90921.26824.05741.04816.92
Minority Interest21.8918.0420.5919.6419.0318.1913.2611.8912.13-9.97
Trade Payables228.80206.72408.42274.34265.73169.6639.873051.80114.36
Others Liabilities 489.99487.67437.68401.75570.93240.82313.47189.05112.0983.06
Total Liabilities 2,999.683,473.094,269.044,293.244,180.563,212.302,185.632,009.312,143.321,098.73

Fixed Assets

Net Fixed Assets +1,067.571,160.181,167.641,108.95955.71352.63356.26342.93656.30351.67
Gross Block1,378.531,596.821,671.021,714.741,643.86714.58702.68714.32895.28631.81
Accumulated Depreciation310.96436.64503.38605.80688.15361.94346.43371.39238.98280.14
CWIP 33.9642.9544.4646.5631.02304.26303.18355.82358.111.13
Investments 0.010.010.010.010.010.010.010.020.010
Inventories432.52511.77744.30789.13749.93480.52223.0898.4195.9151.55
Trade Receivables678.42846.571,589.401,727.101,842.72357.39242.1737.6758.7755.77
Cash Equivalents 234.18174.3143.1720.15269.568.4011.164.403.04
Others Assets 553.01737.30680.06601.34575.181,707.941,052.531,163.30969.81635.58
Total Assets 2,999.683,473.094,269.044,293.244,180.563,212.302,185.632,009.312,143.321,098.73
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Cash Flow From Operating Activity + 130.62126.68-140.07-0.12-145.41724.16308.5269.5845.1772.27
PBT 393.64516.24396.97114.33-155.34-36.86-508.3035.5953.79-1,379.41
Adjustment 94.1431.83199.63253.36106.29-222.96-70.46-80.65-174.30961.43
Changes in Working Capital -332.06-478.55-722.06-343.53-94.65985.13887.29114.64165.68490.25
Tax Paid -25.0957.16-3.12-21.97-1.71-1.150000
Cash Flow From Investing Activity + -596.17-337.30-102.08-10.8183.26-8.66-118.393.8617.19-149.52
Capex -604.49-334.23-103.96-17.0169.12-12.92156.531.2817.69-150.35
Net Investments 0.27000000000.01
Others 8.04-3.071.886.2014.144.26-274.922.59-0.500.82
Cash Flow From Financing Activity + 577.40150.74111.02-12.0968-731.94-191.13-70.68-69.1275.89
Net Proceeds from Shares 80.9021.5500000000
Net Proceeds from Borrowing 0000000000
Interest Paid -32.06-59.20-109.24-137.14-143.51-43.66-17.07-5.76-3.24-28.78
Dividend Paid -98.45-84.20-61.07-0.94000000
Others 627.01272.59281.32126211.51-688.28-174.06-64.92-65.88104.67
Net Cash Flow 111.85-59.87-131.14-23.025.85-16.44-12.76-6.76-1.37
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Ratios
ROE (%)30.9537.4120.234.18-7.52-2.03-42.354.75.68N/A
ROCE (%)24.0622.415.456.79-0.310.24-21.912.523.26N/A
Asset Turnover Ratio0.690.730.620.330.280.080.080.110.120.11
PAT to CFO Conversion(x)0.350.22-0.37-0N/AN/AN/A1.960.88N/A
Working Capital Days
Receivable Days128.60118.10185.30429.90548.801,282.90508.20223.6068.30115.40
Inventory Days75.2073.1095.50198.80236.60717.50596.40256.90137.60148.50
Payable Days84.7065.6097.10180.50186.90704.50449.40138.50132.60434.30

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Opto Circuits (India) Ltd FAQs

The current trading 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 22-May-2022 the market cap of Opto Circuits (I) stood at ₹53.51 Cr

The latest P/E ratio of Opto Circuits (I) as of 22-May-2022 is 0.00.

The latest P/B ratio of Opto Circuits (I) as of 22-May-2022 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.) .

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

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.

No data found

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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