La Opala R G

₹316 -3.6 | 1.1%

WEBSITE BSE:526947 NSE : LA-OPALA RG 10 May, 16:01

Market Cap ₹3508 Cr.

Stock P/E 26.3

P/B 4

Current Price ₹316

Book Value ₹ 78.6

Face Value 2

52W High ₹479.7

Dividend Yield 1.58%

52W Low ₹ 296

Edit Ratio

La Opala R G Research see more...

EQUITY RESEARCH: La Opala RG Ltd.

Overview Inc. Year: 1987Industry: Glass

La Opala RG Ltd is an primarily India based pure-play tableware agency. The Company operates as a manufacturer and marketer of life style products inside the tableware segment. The Company is engaged within the manufacture and advertising of opal glass tableware and approximately 24% lead crystalware products. The Company's glassware portfolio includes plates, bowls, dinner sets, cup-saucer sets, espresso mugs, espresso cups, tea sets, soup units, pudding and dessert sets, and crystal ware merchandise contain barware, vases, bowls, stemware and heat-resistant borosilicate cookware. The Company's manufacturers comprises La Opala, Diva and Solitare. Diva (tableware) and Solitare (crystal ware) deal with client needs. The Company exports products to 40 nations. It has centres positioned at Sitarganj, Uttarakhand, which manufactures opalware and Madhupur, Jharkhand, which manufactures crystal ware and opal ware. Its production operations are located in India.

La Opala R G Share Price

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La Opala R G Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	92	109	90	82	135	126	109	86	89	107
Other Income	5	4	5	1	6	8	7	11	10	12
Total Income	98	113	94	83	141	135	116	97	99	119
Total Expenditure	57	64	57	49	82	80	69	51	55	67
Operating Profit	41	49	37	33	59	54	47	46	45	52
Interest	1	2	1	1	1	2	2	2	1	2
Depreciation	3	4	4	5	6	6	6	6	6	5
Exceptional Income / Expenses	0	0	-7	0	0	0	0	0	0	0
Profit Before Tax	36	44	25	28	52	47	39	39	38	45
Provision for Tax	9	11	6	7	13	12	10	10	6	1
Profit After Tax	27	32	19	20	39	35	29	29	31	44
Adjustments	-0	-0	-0	0	0	0	0	0	-0	0
Profit After Adjustments	27	32	19	20	39	35	29	29	31	44
Adjusted Earnings Per Share	2.5	2.9	1.7	1.8	3.5	3.1	2.6	2.6	2.8	4

La Opala R G Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	154	178	223	249	235	259	278	270	211	323	452	391
Other Income	1	1	1	1	12	13	17	17	8	19	29	40
Total Income	155	179	224	251	247	273	296	287	219	342	481	431
Total Expenditure	113	128	158	163	148	153	166	166	143	200	287	242
Operating Profit	42	51	67	88	100	120	130	121	76	141	194	190
Interest	4	3	1	1	1	1	1	1	0	4	7	7
Depreciation	6	7	10	9	12	14	16	16	12	14	22	23
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	-7	0	0
Profit Before Tax	32	41	56	78	86	105	113	105	64	117	165	161
Provision for Tax	10	11	14	19	24	32	39	20	14	29	42	27
Profit After Tax	23	30	42	59	62	73	74	84	50	87	123	133
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	23	30	42	59	62	73	74	84	50	87	123	133
Adjusted Earnings Per Share	2.2	2.8	3.8	5.3	5.6	6.6	6.7	7.6	4.5	7.9	11.1	12

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	40%	19%	12%	11%
Operating Profit CAGR	38%	17%	10%	17%
PAT CAGR	41%	14%	11%	18%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-15%	12%	9%	14%
ROE Average	16%	12%	13%	21%
ROCE Average	22%	17%	18%	27%

La Opala R G Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	74	98	185	232	435	504	529	545	666	740	775
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	15	0	0	0	0	0	0	0	0	13	8
Other Non-Current Liabilities	9	11	10	12	37	37	35	27	31	34	51
Total Current Liabilities	34	36	34	40	23	36	37	39	45	60	63
Total Liabilities	132	145	229	284	495	577	601	611	742	846	897
Fixed Assets	64	73	65	107	108	131	121	122	114	119	217
Other Non-Current Assets	7	7	16	10	161	166	143	125	252	300	143
Total Current Assets	61	64	148	167	227	280	337	365	375	427	536
Total Assets	132	145	229	284	495	577	601	611	742	846	897

La Opala R G Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	1	9	0	1	2	1	1	0	0	0
Cash Flow from Operating Activities	31	39	47	61	72	80	51	73	83	99	109
Cash Flow from Investing Activities	-29	-8	-97	-49	-52	-69	-32	-45	-79	-75	-69
Cash Flow from Financing Activities	-2	-23	42	-11	-19	-10	-18	-29	-4	-24	-40
Net Cash Inflow / Outflow	0	8	-9	0	1	1	0	-1	-0	-0	0
Closing Cash & Cash Equivalent	1	9	0	1	2	3	1	0	0	0	0

La Opala R G Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.16	2.83	3.76	5.29	5.6	6.62	6.67	7.59	4.47	7.87	11.08
CEPS(Rs)	2.68	3.49	4.69	6.1	6.72	7.86	8.15	9.03	5.57	9.1	13.04
DPS(Rs)	0.7	1	1.3	1.8	2	1.1	1.2	1.2	1.5	2.3	5
Book NAV/Share(Rs)	6.99	9.23	16.7	20.9	39.17	45.37	47.67	49.11	59.98	66.71	69.81
Core EBITDA Margin(%)	25.62	27.23	28.75	33.8	36.4	41.09	40.36	38.6	32.11	37.44	36.37
EBIT Margin(%)	22.87	23.99	24.75	30.86	36.23	40.97	40.72	38.97	30.16	36.93	37.87
Pre Tax Margin(%)	20.26	22.21	24.38	30.48	35.67	40.65	40.5	38.76	30.04	35.69	36.22
PAT Margin (%)	14.27	16.32	18.25	22.97	25.8	28.3	26.62	31.21	23.28	26.76	27.04
Cash Profit Margin (%)	17.74	20.14	22.76	26.48	30.96	33.62	32.54	37.12	29.02	30.94	31.83
ROA(%)	19.55	21.67	22.34	22.9	15.96	13.7	12.57	13.9	7.33	11	14.11
ROE(%)	35.3	34.85	29.48	28.13	18.65	15.65	14.34	15.69	8.19	12.43	16.23
ROCE(%)	39.74	40.82	37.08	36.58	25.95	22.56	21.83	19.49	10.56	16.97	22.34
Receivable days	39.79	39.84	35.72	34.97	44.15	51.69	58.48	62.22	69.94	39.26	27.56
Inventory Days	64.69	58.78	45.94	49.73	56.31	46.04	52.42	69.89	72.65	37.06	45.06
Payable days	60.55	48.98	52.84	65.13	54.75	94.3	190.24	171.98	107.51	155.11	178.24
PER(x)	14.58	25.07	50.16	56.09	48.02	42.87	32.44	19.67	49.62	43.94	30.66
Price/Book(x)	4.5	7.68	11.29	14.19	6.87	6.25	4.54	3.04	3.69	5.18	4.87
Dividend Yield(%)	1.11	0.71	0.34	0.3	0.37	0.39	0.55	0.8	0.68	0.67	1.47
EV/Net Sales(x)	2.36	4.25	9.41	13.23	12.69	12.15	8.63	6.14	11.63	11.93	8.35
EV/Core EBITDA(x)	8.59	14.81	31.41	37.54	29.91	26.23	18.5	13.68	32.12	27.22	19.48
Net Sales Growth(%)	33.83	15.56	25.57	11.63	-5.64	10.22	7.25	-2.91	-21.75	52.73	40.17
EBIT Growth(%)	64.04	20.16	28.5	39.41	10.68	21.72	6.53	-7.07	-38.95	87.71	42.8
PAT Growth(%)	81.53	30.93	39.34	40.68	5.91	18.09	0.81	13.82	-41.17	76.25	40.76
EPS Growth(%)	81.53	30.93	33.03	40.68	5.91	18.09	0.81	13.82	-41.17	76.25	40.76
Debt/Equity(x)	0.4	0.15	0.04	0.03	0	0.01	0	0.01	0	0.02	0.02
Current Ratio(x)	1.81	1.78	4.39	4.15	9.81	7.82	9.04	9.23	8.28	7.12	8.51
Quick Ratio(x)	0.9	1	3.52	3.15	8.35	6.94	7.74	7.84	7.63	6.51	7.31
Interest Cover(x)	8.75	13.42	67.36	80.88	65.27	127.27	185.57	183.16	253.22	29.62	22.99
Total Debt/Mcap(x)	0.09	0.02	0	0	0	0	0	0	0	0	0

La Opala R G Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	65.64	65.64	65.64	65.64	65.64	65.64	65.64	65.64	65.64	65.64
FII	6.39	6	5.28	4.68	4.3	3.96	1.75	1.68	1.47	1.58
DII	14.58	14.53	15.03	15.21	15.26	15.87	18.89	19.44	19.25	20.43
Public	13.39	13.83	14.04	14.47	14.79	14.53	13.71	13.24	13.64	12.34
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29
FII	0.71	0.67	0.59	0.52	0.48	0.44	0.19	0.19	0.16	0.18
DII	1.62	1.61	1.67	1.69	1.69	1.76	2.1	2.16	2.14	2.27
Public	1.49	1.54	1.56	1.61	1.64	1.61	1.52	1.47	1.51	1.37
Others	0	0	0	0	0	0	0	0	0	0
Total	11.1	11.1	11.1	11.1	11.1	11.1	11.1	11.1	11.1	11.1

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.
Debtor days have increased from 155.11 to 178.24days.
Stock is trading at 4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

La Opala R G News

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La Opala R G

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La Opala R G Research see more...

Overview Inc. Year: 1987Industry: Glass

La Opala R G Share Price

Alert Data

Quarterly Price

Peer Comparison

La Opala R G Quarterly Results

La Opala R G Profit & Loss

Growth Rates

La Opala R G Balance Sheet

La Opala R G Cash Flow

La Opala R G Ratios

La Opala R G Shareholding Pattern

La Opala R G News

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