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La Opala RG Ltd Stock Analysis

Small Cap
Evaluated by 2128 users | BSE: 526947 | NSE: LAOPALA |
Glass

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...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

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
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 15.61%20.02%29.56%30.41%27.75%27.34%16.71%14.27%12.32%13.71%
Value Creation Index -0.020.251.111.170.980.950.190.02-0.12NA
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 96.4115154178223249235259278270
Y-o-Y Gr. Rt.-19.3%33.8%15.6%25.6%11.6%-5.6%10.2%7.3%-2.9%
Adjusted EPS (Rs.) 0.881.22.32.883.765.254.986.015.726.64
Y-o-Y Gr. Rt.-36.4%91.7%25.2%30.6%39.6%-5.1%20.7%-4.8%16.1%
Book Value per Share (Rs.) 4.285.246.999.2316.720.939.1745.3747.6749.11
Adjusted Net Profit 9.412.724.430.541.858.355.366.763.573.7
Net Op. Cash Flow (Rs. Cr.) 15.814.331.139.346.76171.880.250.673.2
Debt to Cash Flow from Ops 1.841.750.960.360.170.100.050.020.07
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
La Opala RG Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 12.1%3.9%4.7%-2.9%
Adjusted EPS 25.2%12.1%10.1%16.1%
Book Value per Share 31.124.17.83
Share Price 43.9% 1.4% 2.9% 67.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 22.4225.1237.5435.5129.527.9316.5814.2112.313.71
Operating Profit Margin (%) 22.0423.2528.3728.5729.5334.6937.8142.1240.5538.6
Net Profit Margin (%) 9.7211.0515.8217.1618.723.3823.525.7122.8327.28
Debt to Equity 0.640.450.40.150.040.0300.0100.01
Working Capital Days 154145125118102105121114131161
Cash Conversion Cycle 11011292887375877887106
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 65.64%
Institutions 22.06%
Non-Institutions 12.29%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of La Opala RG Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that La Opala RG Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of La Opala RG Ltd's performance infers:

La Opala RG Ltd earnings have grown by 12.1%, whereas share price has appreciated 1.4% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of La Opala RG Ltd share prices over the last 10 years. Here is what we found out:

La Opala RG Ltd share price has appreciated 42.3% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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