Trading · Founded 2001 · www.opchainsltd.com · BSE 539116 · · ISIN INE118Q01018
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Business
OP Chains Ltd. operates in the Trading sector in India. Its core business involves the purchase and sale of goods, commodities, or potentially financial instruments. The company's business model likely revolves around generating revenue through arbitrage (buying at a lower price and selling at a higher price), managing inventory, and facilitating transactions. Profitability is typically derived from the spread between buying and selling prices, commissions, or fees for services rendered within the trading process. Without further details, the specific types of goods or markets it trades in are not known.
Revenue Mix
Information regarding OP Chains Ltd.'s specific key segments or revenue mix is not available. Typically, trading companies might segment their operations by product category (e.g., industrial goods, consumer products, agricultural commodities), geographical markets (domestic vs. international), or customer types (B2B vs. B2C). Without this data, it's not possible to determine the contribution of any particular segment to the company's overall revenue.
Industry
OP Chains Ltd. operates within the Trading industry in India. This industry is generally characterized by high competition, often fragmented with numerous small and medium-sized players, alongside larger, more specialized entities. Barriers to entry for basic trading can be relatively low, which can lead to margin pressure. The industry is highly sensitive to economic cycles, supply chain efficiency, and price volatility of the traded goods. Without specific information, OP Chains Ltd.'s exact positioning relative to its peers (e.g., market share, specialization, operational scale) cannot be determined.
MOAT
Based on the general description of a trading company, it is challenging for OP Chains Ltd. to establish strong, durable competitive advantages without further specific information. Potential moats in the trading sector could include:
Scale & Efficiency: Large-scale operations that drive down per-unit costs or enable superior logistics.
Strong Relationships: Exclusive or deeply integrated relationships with key suppliers or large customers.
Proprietary Information/Analytics: Superior market intelligence or data analysis capabilities for effective arbitrage.
Niche Specialization: Focus on specific, complex, or hard-to-access goods where expertise is a barrier.
Given the limited data, it is not evident if OP Chains Ltd. possesses any of these attributes to create a sustainable competitive advantage.
Growth Drivers
Potential growth drivers for OP Chains Ltd. over the next 3-5 years could include:
Economic Growth in India: Increased domestic consumption and industrial activity can drive demand for traded goods.
Expansion into New Markets/Products: Diversifying into new geographical regions or adding new product categories to its trading portfolio.
Improved Supply Chain & Logistics: Enhancing efficiency in sourcing, storage, and distribution to reduce costs and improve delivery times.
Digital Transformation: Adoption of technology for better market analysis, inventory management, and transaction processing.
Favorable Trade Policies: Government policies that support trade, reduce tariffs, or simplify cross-border transactions.
Risks
Key business risks for OP Chains Ltd. include:
Margin Pressure: Intense competition, particularly for commoditized goods, can compress profit margins.
Price Volatility: Fluctuations in the prices of goods or commodities being traded can lead to inventory losses or reduced profitability.
Supply Chain Disruptions: Geopolitical events, natural disasters, or logistics issues can interrupt the flow of goods, impacting operations and profitability.
Credit Risk: Exposure to counterparty default risk from buyers or suppliers.
Currency Fluctuations: For international trading, adverse movements in foreign exchange rates can impact profitability.
Regulatory & Policy Changes: Changes in trade tariffs, import/export regulations, or other government policies in India or its trading partners.
Inventory Obsolescence/Damage: Risk of goods losing value, becoming outdated, or being damaged while in inventory.
Management & Ownership
Information regarding the promoters, management quality, and specific ownership structure of OP Chains Ltd. is not available. In trading companies, the quality of management, particularly their experience in risk management, market acumen, and integrity in dealing with suppliers and customers, is crucial for sustained success. The ownership structure often influences strategic direction and access to capital.
Outlook
OP Chains Ltd. operates in the dynamic Indian trading sector. The company's future performance will largely depend on its ability to navigate the highly competitive environment, effectively manage price and supply chain risks, and identify profitable trading opportunities. A positive outlook would hinge on efficient operations, strong supplier and customer relationships, and successful diversification or specialization strategies. Conversely, significant challenges could arise from intense competition leading to margin erosion, adverse market price movements, and disruptions in global or domestic supply chains, making prudent risk management essential for sustainability.
| #(Fig in Cr.) | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 10 | 6 | 4 | 11 | 3 | 4 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 10 | 6 | 4 | 11 | 3 | 4 | 0 | 0 | 0 | 0 |
| Total Expenditure | 10 | 6 | 4 | 11 | 3 | 4 | 0 | 0 | 0 | 0 |
| Operating Profit | 0 | 0 | -0 | 0 | -0 | -0 | -0 | 0 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | -0 | 0 | -0 | -0 | -0 | 0 | -0 | -0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | -0 | 0 | -0 | -0 | -0 | 0 | -0 | -0 |
| Adjustments | -0 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | -0 | -0 |
| Adjusted Earnings Per Share | 0 | 0 | -0.1 | 0.1 | -0.1 | -0 | -0.1 | 0 | -0 | -0.1 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 69 | 48 | 24 | 24 | 15 | 1 | 1 | 1 | 14 | 8 | 2 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 2 | 0 |
| Total Income | 69 | 48 | 24 | 25 | 15 | 1 | 1 | 4 | 14 | 10 | 3 | 0 |
| Total Expenditure | 69 | 48 | 24 | 24 | 15 | 1 | 1 | 2 | 12 | 6 | 2 | 0 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 4 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 4 | 1 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 3 | 1 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 3 | 1 | 0 |
| Adjusted Earnings Per Share | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 3.4 | 2.7 | 4 | 1.5 | -0.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -75% | 26% | 15% | -30% |
| Operating Profit CAGR | -75% | -21% | 0% | 0% |
| PAT CAGR | -67% | -21% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -0% | 7% | 23% | 8% |
| ROE Average | 3% | 5% | 5% | 2% |
| ROCE Average | 4% | 7% | 6% | 3% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 30 | 31 | 31 | 31 | 30 | 31 | 31 | 33 | 34 | 37 | 38 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Total Liabilities | 30 | 31 | 31 | 31 | 31 | 31 | 31 | 33 | 35 | 38 | 38 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 27 | 28 | 28 | 28 | 28 | 28 | 27 | 19 | 12 | 22 | 23 |
| Total Current Assets | 3 | 3 | 2 | 2 | 3 | 3 | 3 | 14 | 22 | 16 | 15 |
| Total Assets | 30 | 31 | 31 | 31 | 31 | 31 | 31 | 33 | 35 | 38 | 38 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -2 | 1 | 0 | -0 | -0 | -0 | -0 | -8 | -7 | 8 | -0 |
| Cash Flow from Investing Activities | 0 | -1 | -0 | 0 | 0 | 0 | 0 | 8 | 7 | -8 | 0 |
| Cash Flow from Financing Activities | 2 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Inflow / Outflow | -0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.2 | 0.19 | 0.06 | 0.07 | 0.08 | 0.12 | 0.07 | 3.37 | 2.71 | 3.96 | 1.51 |
| CEPS(Rs) | 0.28 | 0.23 | 0.11 | 0.1 | 0.09 | 0.12 | 0.07 | 3.37 | 2.71 | 3.96 | 1.51 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 44.49 | 44.68 | 44.74 | 44.81 | 44.5 | 44.59 | 44.66 | 47.47 | 50.03 | 53.99 | 55.5 |
| Core EBITDA Margin(%) | 0.38 | 0.44 | 0.33 | 0.19 | 0.51 | 2.38 | 5.87 | -4.9 | 11.06 | 27.01 | -7.31 |
| EBIT Margin(%) | 0.3 | 0.39 | 0.23 | 0.26 | 0.46 | 9.5 | 5.87 | 156.4 | 16.98 | 43.82 | 71.89 |
| Pre Tax Margin(%) | 0.3 | 0.39 | 0.23 | 0.26 | 0.46 | 9.5 | 5.86 | 156.4 | 16.98 | 43.81 | 71.89 |
| PAT Margin (%) | 0.19 | 0.27 | 0.18 | 0.21 | 0.37 | 8.3 | 4.99 | 155.27 | 13.67 | 33.17 | 53.49 |
| Cash Profit Margin (%) | 0.28 | 0.32 | 0.3 | 0.28 | 0.41 | 8.3 | 4.99 | 155.27 | 13.67 | 33.17 | 53.49 |
| ROA(%) | 0.46 | 0.43 | 0.14 | 0.16 | 0.18 | 0.26 | 0.16 | 7.31 | 5.52 | 7.47 | 2.71 |
| ROE(%) | 0.46 | 0.43 | 0.14 | 0.16 | 0.18 | 0.26 | 0.16 | 7.32 | 5.56 | 7.62 | 2.76 |
| ROCE(%) | 0.71 | 0.62 | 0.18 | 0.21 | 0.22 | 0.3 | 0.19 | 7.37 | 6.91 | 10.07 | 3.71 |
| Receivable days | 0 | 0 | 0 | 0 | 10.74 | 0 | 0 | 0 | 431.37 | 693.66 | 2836.62 |
| Inventory Days | 8.82 | 19.56 | 34.06 | 32.68 | 56.11 | 983.1 | 1134.48 | 2017.08 | 256.96 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 126.45 | 260.5 | 149.25 | 139.42 | 94.66 | 158.9 | 6.42 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0.54 | 0.37 | 0.25 | 0.25 | 0.25 | 0.25 | 0.46 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.1 | 0.34 | 0.47 | 0.31 | 0.51 | 7.85 | 7.9 | 9.97 | 0.5 | 0.84 | 3.52 |
| EV/Core EBITDA(x) | 25.75 | 76.34 | 137.32 | 92.14 | 100.61 | 82.58 | 134.62 | 6.37 | 2.97 | 1.91 | 4.9 |
| Net Sales Growth(%) | -73.2 | -30.37 | -49.68 | 0.89 | -39.56 | -93.52 | 1.36 | 53 | 813.92 | -39.77 | -76.38 |
| EBIT Growth(%) | -31.16 | -9.29 | -71 | 17.26 | 6.33 | 33.33 | -37.41 | 3978.62 | -0.77 | 55.4 | -61.25 |
| PAT Growth(%) | -30.65 | -3.33 | -66.1 | 14.56 | 7.04 | 47.25 | -39.06 | 4659.85 | -19.54 | 46.14 | -61.91 |
| EPS Growth(%) | 0 | -3.32 | -66.12 | 14.62 | 7.06 | 47.28 | -39.07 | 4660.31 | -19.54 | 46.14 | -61.91 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 201.98 | 208.37 | 80.98 | 38.52 | 66.69 | 95.21 | 162.57 | 624.46 | 48.07 | 17.25 | 39.22 |
| Quick Ratio(x) | 37.34 | 18.11 | 7.69 | 2.66 | 13 | 2.89 | 5.99 | 18.07 | 35.62 | 17.25 | 39.22 |
| Interest Cover(x) | 111.2 | 282.87 | 347.43 | 284.73 | 576.12 | 2375.26 | 900.76 | 0 | 0 | 0 | 0 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -75% | +26% | +15% | -30% |
| Operating Profit CAGR | -75% | -21% | — | — |
| PAT CAGR | -67% | -21% | — | — |
| Share Price CAGR | 0% | +7% | +23% | +8% |
| ROE Average | +3% | +5% | +5% | +2% |
| ROCE Average | +4% | +7% | +6% | +3% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 | 74.53 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 | 25.47 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 | 0.69 |
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