Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 274 | 482 | 490 | 493 | 477 | 472 | 449 | 435 | 418 | 430 | 485 | 883 |
| Expenses | 262 | 460 | 461 | 470 | 448 | 438 | 426 | 409 | 385 | 400 | 478 | 853 |
| Operating Profit | 13 | 22 | 29 | 23 | 29 | 34 | 23 | 27 | 34 | 30 | 7 | 30 |
| OPM % | 4.6% | 4.6% | 6% | 4.6% | 6% | 7% | 5% | 6% | 8% | 7% | 1.5% | 3.4% |
| Other Income | 3 | 3 | 15 | 5 | 5 | 1 | 10 | 3 | 2 | 3 | 32 | 11 |
| Interest | 2 | 2 | 3 | 7 | 8 | 8 | 7 | 5 | 5 | 6 | 7 | 6 |
| Depreciation | 4 | 4 | 6 | 6 | 7 | 6 | 4 | 6 | 6 | 8 | 5 | 7 |
| Profit before tax | 9 | 19 | 36 | 15 | 20 | 21 | 21 | 19 | 25 | 19 | 28 | 28 |
| Tax % | 42% | 6% | 33% | 20% | 31% | 27% | -7% | 23% | 33% | 37% | 18% | 25% |
| Net Profit | 5 | 18 | 24 | 12 | 14 | 15 | 22 | 15 | 17 | 12 | 22 | 21 |
| EPS in Rs | 0.63 | 2.09 | 2.80 | 1.41 | 1.60 | 1.75 | 2.57 | 1.67 | 1.90 | 1.38 | 2.53 | 2.39 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,922 | 1,538 | 714 | 1,173 | 333 | 182 | 472 | 1,174 | 1,528 | 1,890 | 1,769 | 2,216 |
| Expenses | 1,842 | 1,492 | 660 | 1,234 | 425 | 280 | 491 | 1,156 | 1,449 | 1,782 | 1,671 | 2,115 |
| Operating Profit | 80 | 45 | 54 | -61 | -91 | -98 | -20 | 18 | 79 | 108 | 98 | 101 |
| OPM % | 4.2% | 2.9% | 8% | -5% | -27% | -54% | -4.2% | 1.6% | 5% | 6% | 6% | 4.6% |
| Other Income | 9 | 29 | 15 | 63 | 17 | 206 | 36 | 54 | 23 | 21 | 40 | 48 |
| Interest | 43 | 44 | 33 | 42 | 8 | 6 | 5 | 6 | 8 | 30 | 23 | 24 |
| Depreciation | 23 | 19 | 16 | 17 | 10 | 5 | 6 | 13 | 18 | 22 | 24 | 25 |
| Profit before tax | 23 | 11 | 20 | -57 | -93 | 97 | 5 | 53 | 76 | 77 | 91 | 100 |
| Tax % | 43% | 39% | 31% | 4% | -8% | 3% | 120% | 21% | 25% | 17% | 27% | |
| Net Profit | 13 | 7 | 14 | -59 | -85 | 95 | -1 | 42 | 57 | 63 | 66 | 73 |
| EPS in Rs | 1.51 | 0.79 | 1.62 | -6.92 | -9.89 | 11.02 | -0.11 | 4.88 | 6.61 | 7.26 | 7.44 | 8.20 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 31% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -1% | 58% | 15% | 21% | ||
| Compounded Profit Growth | 18% | 9% | 16% | 11% | ||
| Stock Price CAGR | 29% | 20% | 39% | 28% | ||
| Return on Equity | 4% | 10% | 11% | 9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 87 | 89 |
| Reserves | 161 | 162 | 207 | 225 | 235 | 150 | 245 | 244 | 297 | 341 | 578 | 688 |
| Borrowings | 336 | 255 | 337 | 397 | 263 | 239 | 102 | 43 | 118 | 164 | 198 | 373 |
| Other Liabilities | 339 | 172 | 425 | 298 | 271 | 101 | 60 | 193 | 411 | 757 | 684 | 684 |
| Total Liabilities | 921 | 674 | 1,055 | 1,006 | 855 | 575 | 493 | 566 | 911 | 1,348 | 1,547 | 1,834 |
| Fixed Assets | 205 | 181 | 181 | 226 | 159 | 147 | 17 | 113 | 210 | 254 | 293 | 305 |
| CWIP | 0 | 4 | 0 | 0 | 1 | 2 | 3 | 2 | 3 | 3 | 24 | 300 |
| Investments | 4 | 5 | 17 | 9 | 56 | 35 | 43 | 42 | 45 | 58 | 65 | 87 |
| Other Assets | 712 | 484 | 857 | 771 | 639 | 391 | 429 | 409 | 653 | 1,033 | 1,165 | 1,141 |
| Total Assets | 921 | 674 | 1,055 | 1,006 | 855 | 575 | 493 | 566 | 911 | 1,348 | 1,547 | 1,834 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 107 | 124 | 91 | -26 | 73 | 44 | -56 | 28 | 1 | 40 | -13 | -12 |
| Cash from Investing Activity | -2 | 26 | -62 | 106 | 57 | -7 | 223 | 24 | -82 | -51 | -51 | -295 |
| Cash from Financing Activity | -105 | -120 | -8 | -102 | -177 | -47 | -136 | -64 | 70 | 25 | 178 | 195 |
| Net Cash Flow | -1 | 30 | 21 | -23 | -47 | -10 | 31 | -13 | -11 | 15 | 115 | -112 |
| Free Cash Flow | 103 | 120 | 71 | -30 | 81 | 42 | 227 | -15 | -99 | -21 | -96 | -324 |
| CFO/OP | 116% | 170% | 220% | -35% | -140% | -49% | 54% | -147% | 60% | 54% | 4% | -9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 43 | 67 | 104 | 108 | 210 | 301 | 198 | 116 | 115 | 116 | 61 |
| Inventory Days | 7 | 2 | 31 | 106 | 21 | 9 | 15 | 5 | 40 | 95 | 54 | 74 |
| Days Payable | 50 | 1 | 78 | 153 | 78 | 100 | 122 | 144 | 116 | 199 | 134 | 122 |
| Cash Conversion Cycle | 17 | 43 | 21 | 58 | 51 | 120 | 193 | 59 | 40 | 11 | 36 | 14 |
| Working Capital Days | 14 | 15 | 31 | 70 | 65 | 159 | 325 | 92 | 44 | 30 | 41 | 60 |
| ROCE % | 14% | 12% | 10% | 8% | -2% | -16% | -11% | 2% | 14% | 15% | 14% | 11% |
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Aug 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 73.70% | 73.70% | 72.57% | 72.42% | 72.17% | 72.17% | 71.40% |
| FIIs | 0.01% | 0.02% | 0.17% | 0.60% | 0.20% | 1.41% | 1.71% | 2.42% | 2.61% | 2.86% | 3.24% | 3.31% |
| DIIs | 0.05% | 0.06% | 0.04% | 0.28% | 0.51% | 1.39% | 1.48% | 1.56% | 1.72% | 1.46% | 0.98% | 2.40% |
| Public | 25.03% | 25.03% | 24.90% | 24.23% | 24.40% | 23.49% | 23.11% | 23.45% | 23.23% | 23.52% | 23.62% | 22.90% |
| No. of Shareholders | 25,344 | 28,470 | 27,800 | 35,341 | 37,294 | 36,964 | 40,121 | 40,718 | 37,048 | 35,481 | 35,747 | 33,157 |
Fundamentals
Market Cap₹ 7,179 Cr.
Current Price₹ 796
Stock P/E98.8
Book Value₹ 87.6
ROCE10.9 %
ROE9.15 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)11%
Consolidated figures.
Valuation
Market capRs 7,128 Cr
Enterprise valueRs 7,459 Cr
P/E (TTM)98.10x
Price to book9.18x
Price to sales3.22x
EV / EBITDA49.98x
EV / EBIT60.16x
EV / sales3.37x
Earnings yield1.02%
P/E, 3-year average45.42x
P/B, 3-year average4.67x
P/E, 5-year average44.62x
P/B, 5-year average5.39x
Profitability
Operating margin (excl. other income)5.53%
Operating margin (incl. other income)7.82%
EBITDA margin6.73%
Pre-tax margin4.52%
Net profit margin3.28%
Net margin, latest quarter2.40%
ROE9.16%
ROCE11.32%
ROA3.90%
ROE, 3-year average11.60%
ROCE, 3-year average13.81%
ROA, 3-year average4.44%
ROE, 5-year average9.25%
ROCE, 5-year average11.48%
ROA, 5-year average3.76%
ROIC (approx.)8.15%
Tax rate27.20%
Other income / net worth5.20%
Growth
Sales growth (latest year)-6.42%
Profit growth (latest year)4.23%
Sales CAGR, 3 years14.64%
Sales CAGR, 5 years57.67%
Profit CAGR, 3 years16.39%
Profit CAGR, 5 years-6.94%
Sales growth QoQ82.07%
Profit growth QoQ-5.74%
Sales growth YoY (latest quarter)102.82%
Profit growth YoY (latest quarter)45.77%
Per share
EPS (TTM)Rs 8.19
EPS (latest year)Rs 7.44
EPS (latest quarter)Rs 2.39
EPS, 3-year averageRs 7.10
EPS, 5-year averageRs 5.22
Book value per shareRs 87.57
Sales per shareRs 249.89
Cash flow per shareRs -1.37
Free cash flow per shareRs -36.53
Dividend per share, 5-year averageRs 1.50
Dividends
Dividend payout, 5-year average30.76%
Efficiency
Asset turnover0.96x
Fixed asset turnover5.81x
Inventory turnover4.99x
Inventory days73 days
Debtor days61 days
Debtors turnover5.94x
Creditor days122 days
Cash conversion cycle14 days
Working capital days60 days
Leverage
Total debtRs 373 Cr
Cash and bankRs 42 Cr
Net debtRs 331 Cr
Debt to equity0.48x
Net debt / EBITDA2.22x
Interest coverage5.18x
Current ratio (filing 2026-03-31)1.45x
Quick ratio (filing 2026-03-31)1.03x
Trade payables (filing 2026-03-31)Rs 516 Cr
Owners' fund to total sources42.35%
Debt to assets20.33%
Cash flow
Cash from Operating Activity (latest year)Rs -12 Cr
Cash from Investing Activity (latest year)Rs -295 Cr
Cash from Financing Activity (latest year)Rs 195 Cr
Net Cash Flow (latest year)Rs -112 Cr
Free cash flow (latest year)Rs -324 Cr
FCFE (approx.: FCF + change in debt)Rs -149 Cr
Cash from ops / profit, 5 years0.19x
Statement figures
Net sales (TTM)Rs 2,216 Cr
Net sales (latest year)Rs 1,769 Cr
Sales (latest quarter)Rs 883 Cr
Operating profit excl. other income (latest year)Rs 98 Cr
Operating profit (latest quarter)Rs 30 Cr
Other income (TTM)Rs 48 Cr
EBITDA (TTM)Rs 149 Cr
PBDT (TTM)Rs 125 Cr
Profit before tax (TTM)Rs 100 Cr
Tax (latest year)Rs 25 Cr
Net profit (TTM)Rs 73 Cr
Net profit (latest year)Rs 66 Cr
Net profit (latest quarter)Rs 21 Cr
Depreciation (TTM)Rs 25 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 24 Cr
Cost of goods sold (latest year)Rs 1,569 Cr
Total expenditure (latest year)Rs 1,671 Cr
Total income (latest year)Rs 1,809 Cr
Share capitalRs 89 Cr
ReservesRs 688 Cr
Shareholders' fundsRs 777 Cr
Total assetsRs 1,834 Cr
Net blockRs 305 Cr
Capital work in progressRs 300 Cr
InvestmentsRs 87 Cr
ReceivablesRs 298 Cr
InventoryRs 314 Cr
Other liabilitiesRs 684 Cr
Shares outstanding (crore)8.87
Ownership
Promoter holding71.40% (-1.17 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 98.1 is at the 82th percentile of its own 6.3-year range
(median 66.3, low 14.0, high 362.6).
P/B 9.18 is at the 88th percentile (median 6.25).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | OPTIEMUS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +2.8% | -2.8% | +5.6 pts |
| 1 month | +37.9% | -6.8% | +44.7 pts |
| 3 months | +54.1% | -7.6% | +61.7 pts |
| 6 months | +174.5% | +0.4% | +174.1 pts |
| 1 year | +18.0% | -9.9% | +27.9 pts |
| 2 years | +7.0% | -13.6% | +20.6 pts |
| 3 years | +173.5% | +14.2% | +159.3 pts |
| 5 years | +150.0% | +27.9% | +122.1 pts |
14 mutual fund schemes hold about ₹110 Cr.
Over three months 9 bought more and 5 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HSBC Flexi Cap Fund | 0.62% | 37 | +100% |
| HSBC Aggressive Hybrid Fund | 0.47% | 28 | +100% |
| JM Flexi Cap Fund | 0.30% | 16 | -41% |
| JM Value Fund | 1.12% | 9 | -19% |
| HSBC Business Cycles Fund | 0.55% | 7 | +100% |
| JM Small Cap Fund | 0.65% | 6 | -24% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.14% | 4 | -25% |
| Bandhan Innovation Fund | 0.10% | 3 | -65% |
| HSBC Balanced Advantage Fund | 0.09% | 1 | +100% |
| Groww Nifty Total Market Index Fund | 0.01% | 0 | +100% |
| Angel One Nifty Total Market Index Fund | 0.01% | 0 | +100% |
| Mirae Asset Nifty Total Market Index Fund | 0.01% | 0 | +100% |
| Bandhan Nifty Total Market Index Fund | 0.01% | 0 | +100% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +100% |
Red flags
F-score 1 of 8| explain | Weak cash conversion Cash from operations was 8% of net profit over the last 3 years |
| look | Inventory outrunning sales Inventory grew 29% vs sales -6% in 2026 |
| look | Profit leans on other income Other income was 45% of pre-tax profit in 2026 |
| look | On NSE surveillance On NSE surveillance: ASM short-term |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹883 Cr +103.0% vs Jun 2025.
Net profit ₹21 Cr +40.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Sterlite Technologies Ltd | 44,548 | 189 | 7.65 % |
| ITI Ltd | 23,443 | 1.43 % | |
| Tejas Networks Ltd | 8,736 | -14.6 % | |
| Valiant Communications Ltd | 1,932 | 70.9 | 39.7 % |
| Birla Cable Ltd | 1,107 | 24.0 | 8.93 % |
| ADC India Communications Ltd | 1,055 | 46.8 | 31.4 % |
| Frog Innovations Ltd | 408 | -1.91 % | |
| Umiya Buildcon Ltd | 176 | 19.6 | 12.8 % |
| Aksh Optifibre Ltd | 115 | -6.63 % | |
| Punjab Communications Ltd | 70 | 12.7 | 10.2 % |
| Tamil Nadu Telecommunications Ltd | 66 | % | |
| Telogica Ltd | 54 | 7.05 % | |
| Clenon Enterprises Ltd | 42 | -16.4 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-23 | Annual General Meeting | |
| 2023-09-15 | Annual General Meeting | |
| 2023-06-07 | Interim Dividend - Rs 1.50 Per Share | |
| 2022-09-21 | Annual General Meeting | |
| 2021-09-21 | Annual General Meeting | |
| 2020-09-22 | Annual General Meeting | |
| 2019-09-19 | Annual General Meeting | |
| 2018-09-19 | Annual General Meeting | |
| 2017-11-29 | Annual General Meeting |
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | Shareholder meeting | Voting results. |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
| Order date | Forum | Case |
|---|---|---|
| 2021-07-12 | NCLT | RBA Systems Pvt. Ltd. Vs Optiemus Infracom Ltd. & Ors. |
| 2021-04-01 | NCLT | RBA Systems Pvt. Ltd. Vs Optiemus Infracom Ltd. & Ors. |
| 2021-02-09 | NCLT | RBA Systems Pvt. Ltd. Vs Optiemus Infracom Ltd. & Ors. |
| 2020-03-16 | NCLT | M/s. Optiemus Electronics Ltd. Vs M/s. IPCL Technology Pvt. Ltd. |
| 2020-03-13 | NCLT | RBA Systems Pvt. Ltd. Vs Optiemus Infracom Ltd. & Ors. |
| 2019-11-29 | NCLAT | D. Satish Babu VS Optiemus Infracom Ltd. & Anr. |
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)Short Term Additional Surveillance Measure (Short Term ASM): stage 1