NSE: LAOPALA · BSE: 526947
LA OPALA RG LIMITED
Manufactures and sells consumer glassware and opalware tableware. Runs 3 manufacturing facilities with combined capacity of 32,000 metric tonnes per annum, and reaches Indian consumers through 225 distributors and over 23,000 dealers. FY26 revenue from operations stood at Rs 309.06 crore, down 6.87% year-on-year, while profit after tax was Rs 92.30 crore, down 4.43%. The cost stack is led by other operating expenses at 29% of revenue, followed by materials at 21% and employee costs at 18.8%; depreciation is 6.7% and capex only 0.4% of revenue, indicating a low reinvestment model. EBITDA margin for FY26 was 47.28%, with the company cutting net debt by 19.32% to Rs 829.29 lakh and reporting ROCE of 28.11%. An exceptional charge of Rs 179.19 lakh was booked for new labour codes, and other income was hit by mark-to-market losses on debt mutual funds from geopolitical conditions. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Consumer glassware and opalware tableware. Asset-light, branded consumer-durables play in glass tableware with low capex intensity (0.4% of revenue)
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 323 | 452 | 365 | 332 | 309 |
| EBITDA (ex other income) | 115 | 172 | 136 | 108 | 114 |
| margin % | 35.7 | 38.1 | 37.3 | 32.6 | 36.9 |
| Owners' profit | 87 | 123 | 128 | 97 | 92 |
| EPS, as reported (₹) | 7.87 | 11.08 | 11.51 | 8.70 | 8.32 |
| ROE % · ROCE % | 11.8 · 15.3 | 15.9 · 20.6 | 15.0 · 17.6 | 11.7 · 15.9 | 11.3 · 14.5 |
| Debt / equity (x) | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Cash from operations | 127 | 109 | 68 | 112 | 68 |
| Capex | (43) | (22) | (8) | (15) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91 | 91 | 77 | 65 | 91 | 85 | 68 | 71 |
| Profit before tax | 39 | 29 | 33 | 32 | 35 | 31 | 22 | 33 |
| Net profit | 24 | 23 | 26 | 25 | 27 | 24 | 16 | 26 |
| EPS (₹) | 2.17 | 2.09 | 2.31 | 2.28 | 2.41 | 2.16 | 1.46 | 2.36 |
Exhibit 3: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 16.9 | 25.9 | 61 of 191 | 68% |
| P/B | 1.9 | 2.2 | 88 of 189 | 54% |
| ROCE | 14.0 | 7.0 | 68 of 219 | 69% |
| ROE | 11.3 | 5.8 | 59 of 189 | 69% |
| Debt / Equity | 0.0 | 0.2 | 40 of 190 | 79% |
| EBITDA margin | 55.5 | 9.3 | 8 of 193 | 96% |
| Revenue growth | 9.3 | 16.4 | 118 of 189 | 38% |
| Profit growth | 3.3 | 16.8 | 102 of 183 | 45% |
| Market cap | 1576 | 223 | 74 of 228 | 68% |
Exhibit 4: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Compliance Certificate Filing Under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 25 Sept 2026 · La Opala RG - Trading Window closure from October 1, 2026 | compliance | minimal | — | — |
| 18 Sept 2026 · Promoter group buys 50,000 shares of La Opala RG via open market | ownership changes | medium | — | — |
| 18 Sept 2026 · Promoter Genesis Exports buys 50,000 La Opala shares, stake rises to 47.30% | ownership changes | medium | — | — |
| 18 Sept 2026 · Promoter Genesis Exports acquires 50,000 shares of La Opala RG via open market | ownership changes | medium | — | — |
| 18 Sept 2026 · La Opala RG promoter group Genesis Exports buys 200K shares in open market | ownership changes | high | — | — |
| 17 Sept 2026 · Promoter Genesis Exports buys 2 lakh shares of La Opala RG | ownership changes | high | — | — |
| 17 Sept 2026 · Promoter Genesis Exports buys 2 lakh shares of La Opala RG in open market | ownership changes | high | — | — |
| 1 Sept 2026 · Crisil assigns ESG rating of 58 to La Opala RG | credit debt | low | — | — |
| 28 Aug 2026 · 39th AGM: All 6 resolutions passed, Rs 5 per share dividend approved | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.