La Opala Rg Limited (LAOPALA)

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La Opala Rg Limited (LAOPALA) · mywealthgrid

About

La Opala Rg is a glass consumer durables manufacturer in the Consumer Discretionary sector. With ₹2,136.86 Cr market cap and quarterly revenues averaging ₹70–90 Cr, it operates at high operating margins (37.45% headline) with minimal leverage (D/E 0.01).

Face value: ₹2

Market cap

₹1,733 Cr

P/E

18.6×

P/B

2.1×

Dividend yield

3.2%

ROE

11.2%

ROCE

14.7%

Debt / equity

0.01

OPM

37.5%

EPS (TTM)

₹8.4

Book value

₹73.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue volatility without growth: quarterly standalone revenue fluctuates ₹65–91 Cr with no clear uptrend; Mar 2026 (₹68.39 Cr) declined 11% YoY versus Mar 2025 (₹77.1 Cr).
Profit pressure despite stable OPM: net profit hit 12-quarter low of ₹16.17 Cr in Mar 2026, suggesting underlying volume or mix weakness.
Stock sentiment and valuation: down 27.15% YoY at PE 22.94 with minimal FII (0.48%); verify whether sell-off reflects temporary macro headwind or structural challenges to glass discretionary demand.
Input cost exposure in glass manufacturing (raw materials, energy, labor); verify contract protections and pricing power to sustain 37% operating margins.

Generated analysis · source review pending

Growth drivers

Operating margin recovery: expanded from 28.08% (Dec 2024) to 37.45% (current), sustained 36–38.7% over eight quarters, indicating efficiency or pricing realization.
June YoY revenue acceleration: ₹71.36 Cr (Jun 2026) vs ₹65.27 Cr (Jun 2025) +9%, first positive YoY growth in data set; verify whether seasonal or sustained.
Near-zero debt (D/E 0.01) and quarterly dividends (Dec 2023–Aug 2025) demonstrate cash retention capacity for reinvestment or market expansion.
Organized retail consolidation in glass consumer durables if underway; verify current organized share, distribution footprint, and retailer order trends.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹156.1-0.4%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 37.5%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 26×
+Dividend yield of 3.2%
+Dividend payout of 59.6% of profit
+High promoter holding of 66.3% with no pledge

Cons

−Modest revenue growth of 7.9% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

54/100

Business quality: 71
Growth: 18

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lg Electronics India LimitedLGEINDIALGEINDIA	₹1,16,876 Cr	₹1,16,876 Cr	₹25,575 Cr	₹2,593 Cr	9.8%	₹1,825 Cr	6.9%	31%	24.7%	30
Kalyan Jewellers India LimitedKALYANKJILKALYANKJIL	₹54,578 Cr	₹55,102 Cr	₹39,063 Cr	₹2,616 Cr	7%	₹1,435 Cr	3.8%	31.5%	24.3%	136
Berger Paints (I) LimitedBERGEPAINTBERGEPAINT	₹52,750 Cr	₹53,385 Cr	₹12,263 Cr	₹1,912 Cr	15.4%	₹1,217 Cr	9.5%	21.7%	17.2%	83
Voltas LimitedVOLTASVOLTAS	₹34,850 Cr	₹35,817 Cr	₹14,979 Cr	₹734 Cr	4.5%	₹449 Cr	2.6%	11.4%	5.8%	19
Blue Star LimitedBLUESTARCOBLUESTARCO	₹30,009 Cr	₹30,636 Cr	₹12,798 Cr	₹905 Cr	7.5%	₹509 Cr	4.3%	23.2%	16.2%	33
Amber Enterprises India LimitedAMBERAMBER	₹22,945 Cr	₹25,647 Cr	₹12,625 Cr	₹1,008 Cr	7.8%	₹96 Cr	1.9%	12.6%	5.3%	53
Metro Brands LimitedMETROBRANDMETROBRAND	₹22,721 Cr	₹22,721 Cr	₹2,311 Cr	₹719 Cr	30.3%	₹339 Cr	14.5%	21.4%	22.2%	188
Lalithaa Jewellery Mart LimitedLALITHAALALITHAA	₹21,708 Cr	₹23,312 Cr	₹25,024 Cr	₹1,674 Cr	6.7%	₹1,010 Cr	4%	54.3%	41.6%	—
Kajaria Ceramics LimitedKAJARIACERKAJARIACER	₹19,516 Cr	₹19,646 Cr	₹5,056 Cr	₹939 Cr	17.9%	₹546 Cr	10.1%	23.4%	16.7%	88
Thangamayil Jewellery LimitedTHANGAMAYLTHANGAMAYL	₹15,118 Cr	₹15,943 Cr	₹9,606 Cr	₹621 Cr	6.6%	₹391 Cr	4.1%	39.1%	27.9%	142
Century Plyboards (India) LimitedCENTURYPLYCENTURYPLY	₹14,809 Cr	₹16,439 Cr	₹5,789 Cr	₹720 Cr	12.1%	₹291 Cr	5%	15.4%	10.6%	131
Kansai Nerolac Paints LimitedKANSAINERKANSAINER	₹14,174 Cr	₹14,257 Cr	₹8,263 Cr	₹1,000 Cr	12.1%	₹600 Cr	7.2%	12.9%	9%	92

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	249	263	259	278	270	211	323	452	365	332	309
COGS	-40	-51	48	39	43	57	63	79	51	80	46
Gross profit	—	—	211	239	227	154	260	373	314	252	263
	203	226	105	127	123	86	137	201	178	144	148
	87	88	107	112	104	68	122	172	136	108	116
OPM %	34.7%	33.3%	41.2%	40.4%	38.7%	32.4%	37.9%	38.1%	37.3%	32.6%	37.5%
Depreciation	9	12	14	16	16	12	14	22	22	18	21
Interest	1	1	1	1	1	0	4	7	6	5	5
	1	1	13	17	17	8	12	22	44	48	30
Profit before tax	78	75	105	113	105	64	117	165	152	132	120
Tax	19	20	32	39	20	14	29	42	24	36	28
Tax %	24.7%	26.7%	30.4%	34.3%	19.5%	22.5%	25%	25.3%	15.8%	27.1%	23.3%
	59	55	73	74	84	50	87	123	128	97	92
PAT margin %	23.6%	20.9%	28.3%	26.6%	31.2%	23.5%	27.1%	27.2%	35%	29.1%	29.9%
EPS (₹)	10.6	9.9	13	6.7	7.6	4.5	7.9	11.1	11.5	8.7	8.3
EPS adjusted (₹)	—	—	6.6	6.7	7.6	4.5	7.9	11.1	11.5	8.7	8.3
	17%	20.2%	8.5%	18%	15.8%	33.6%	29.2%	45.1%	86.9%	86.2%	60.1%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	22	22	22	22	22	22	22	22	22
Reserves	481	507	523	644	718	753	829	802	798
	4	—	5	1	14	12	9	10	8
	69	72	61	75	92	110	67	67	66
Total equity & liabilities	577	601	611	742	846	897	927	901	895
	131	121	111	114	119	207	197	187	169
CWIP	0	2	25	80	108	11	6	6	2
Investments	361	356	340	461	535	554	588	599	593
	84	122	135	87	84	126	137	110	131
Total assets	577	601	611	742	846	897	927	901	895

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	86%	84.2%	73%	80.4%	82.5%	86.1%	76%	85.2%
EBITDA margin %	40.4%	38.7%	32.4%	37.9%	38.1%	37.3%	32.6%	37.5%
EBIT margin %	34.5%	32.8%	26.6%	33.7%	33.3%	31.3%	27.1%	30.7%
PAT margin %	26.6%	31.2%	23.5%	27.1%	27.2%	35%	29.1%	29.9%
Working capital
Receivable days	—	—	65	37	29	25	32	35
Inventory days	452	471	190	211	350	723	324	720
Payable days	28	—	83	111	121	63	35	70
NWC days	—	—	172	137	258	685	320	685
Leverage
Current ratio	9.04	9.23	8.28	7.13	8.52	20.27	18.23	19.69
Debt to EBITDA	—	0.05	0.02	0.11	0.07	0.06	0.09	0.07
Debt to equity	—	0.01	0	0.02	0.02	0.01	0.01	0.01
Interest coverage	166.6	184.6	257	31.4	23	24.5	26.1	26
Asset turnover	0.46	0.44	0.28	0.38	0.5	0.39	0.37	0.35
Return ratios
Return on assets %	12.3%	13.8%	6.7%	10.3%	13.7%	13.8%	10.7%	10.3%
Return on capital employed %	20.5%	18.5%	10.1%	17.2%	21.3%	18.3%	15.6%	14.7%
Return on equity %	14%	15.5%	7.4%	11.8%	15.9%	15%	11.7%	11.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.64%	65.64%	65.64%	65.64%	65.64%	65.64%	65.84%	65.84%	65.84%	65.84%	66.15%	66.28%
	1.68%	1.47%	1.58%	1.54%	1.76%	1.84%	0.92%	0.83%	0.83%	0.6%	0.47%	0.48%
	19.44%	19.25%	20.43%	19.95%	19.39%	19.38%	19.59%	19.85%	19.92%	19.85%	19.65%	18.6%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	13.24%	13.64%	12.35%	12.87%	13.21%	13.14%	13.65%	13.48%	13.41%	13.71%	13.73%	14.64%
No. of shareholders	—	—	—	—	—	—	—	—	60,987	60,050	58,607	58,757

Promoter holding up 0.64 percentage points since Sep 2023.

4 deals · 4 Jan 2022 – 5 Jun 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
5 Jun 2023	MALABAR INDIA FUND LIMITED	Bulk	BSE	Sell	18,85,465	₹399.05	₹75.24 Cr
5 Jun 2023	NIPPON INDIA MUTUAL FUND	Bulk	BSE	Buy	18,82,205	₹399.05	₹75.11 Cr
4 Jan 2022	VALUE PARTNERS HIGH-DIVIDEND STOCKS FUND	Block	BSE	Buy	2,33,428	₹430.65	₹10.05 Cr
4 Jan 2022	MALABAR INDIA FUND LIMITED	Block	BSE	Sell	2,33,428	₹430.65	₹10.05 Cr

1–4 of 4

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. SUSHIL JHUNJHUNWALAExecutive Director-Chairperson related to Promoter
Mr. AJIT JHUNJHUNWALAExecutive Director-CEO-MD
Mrs. NIDHI JHUNJHUNWALAExecutive Director
Mr. SUBIR BOSENon-Executive - Independent Director
Ms. SUPARNA CHAKRABORTTINon-Executive - Independent Director
Mr. Saradindu DuttaNon - Executive Independent Director
Mr. Alok PandeyChief Financial Officer
Mr. Jit Roy ChoudhuryCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 4 fund houses

Held by these funds

7.88%

of the company's equity

All mutual funds

18.6%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

9 schemes · 4 fund houses

		Shares
Small Cap Fund	DSP Mutual Fund	65.78 L	114.19	0.53%	5.926%	-0
HOUSING OPPORTUNITIES FUND	ICICI Prudential Mutual Fund	9.22 L	16	0.59%	0.83%	-1.31 L
Small Cap Fund	Bajaj Finserv Mutual Fund	5.51 L	9.56	0.36%	0.496%	-0
Multi Cap Fund	Bajaj Finserv Mutual Fund	2.23 L	3.87	0.24%	0.201%	-0
Business Cycle FundNEW	DSP Mutual Fund	2.16 L	3.75	0.26%	0.195%	—
Bharat Consumption Fund	ICICI Prudential Mutual Fund	1.36 L	2.36	0.07%	0.122%	-5.51 L
Consumption Fund	Bajaj Finserv Mutual Fund	94,906	1.65	0.27%	0.086%	-0
Conservative Hybrid Fund(Ex:DSP Regular Savings Fund )NEW	DSP Mutual Fund	21,572	0.37	0.21%	0.019%	—

1–8 of 9

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

22 announcementsExport CSV

27 Aug 2026, 5:13 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	86%	84.2%	73%	80.4%	82.5%	86.1%	76%	85.2%
EBITDA margin %	40.4%	38.7%	32.4%	37.9%	38.1%	37.3%	32.6%	37.5%
EBIT margin %	34.5%	32.8%	26.6%	33.7%	33.3%	31.3%	27.1%	30.7%
PAT margin %	26.6%	31.2%	23.5%	27.1%	27.2%	35%	29.1%	29.9%
Working capital
Receivable days	—	—	65	37	29	25	32	35
Inventory days	452	471	190	211	350	723	324	720
Payable days	28	—	83	111	121	63	35	70
NWC days	—	—	172	137	258	685	320	685
Leverage
Current ratio	9.04	9.23	8.28	7.13	8.52	20.27	18.23	19.69
Debt to EBITDA	—	0.05	0.02	0.11	0.07	0.06	0.09	0.07
Debt to equity	—	0.01	0	0.02	0.02	0.01	0.01	0.01
Interest coverage	166.6	184.6	257	31.4	23	24.5	26.1	26
Asset turnover	0.46	0.44	0.28	0.38	0.5	0.39	0.37	0.35
Return ratios
Return on assets %	12.3%	13.8%	6.7%	10.3%	13.7%	13.8%	10.7%	10.3%
Return on capital employed %	20.5%	18.5%	10.1%	17.2%	21.3%	18.3%	15.6%	14.7%
Return on equity %	14%	15.5%	7.4%	11.8%	15.9%	15%	11.7%	11.3%

Date	Category	Subject	Filing
27 Aug 2026, 5:13 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
12 Aug 2026, 6:59 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
12 Aug 2026, 6:40 pm	Result Financial Results	Unaudited Financial Results For The Quarter Ended June 30, 2026	PDF
3 Aug 2026, 1:07 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
3 Aug 2026, 1:02 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
3 Aug 2026, 12:54 pm	AGM/EGM AGM	Notice Of The 39Th Annual General Meeting	PDF
31 Jul 2026, 12:05 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
30 Jul 2026, 3:18 pm	Corp. Action Date of payment of Dividend	Announcement under Regulation 30 (LODR)-Date of payment of Dividend	PDF

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	80	51	73	83	127	109	68	112	68
	-69	-32	-45	-79	-75	-69	-25	3	23
	-10	-18	-29	-4	-24	40	-43	-115	-90
Net cash flow	—	0	—	-0	28	81	0	-0	0
Free cash flow	44	34	—	37	84	87	60	97	66
CFO / Operating profit %	75.1%	45.1%	70%	121.8%	103.9%	63.5%	50.1%	103.6%	58.4%

La Opala Rg Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

21

1

1

Compounded sales growth

Compounded profit growth

Return on equity

La Opala Rg Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends21

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

21

1

1