---
title: "Opal Luxury Time Products Ltd (OPAL) — Share Price, Financials & Analysis"
symbol: "OPAL"
company: "Opal Luxury Time Products Ltd"
canonical: "https://tapetide.com/stocks/OPAL"
isin: "INE520N01012"
nse_symbol: "OPAL"
sector: "Consumer Discretionary"
industry: "Consumer Durables"
generated_at: "2026-09-13T18:47:50.781Z"
---

# Opal Luxury Time Products Ltd (OPAL)

Canonical page: https://tapetide.com/stocks/OPAL

## Company

- **NSE Symbol:** OPAL
- **ISIN:** INE520N01012
- **Sector:** Consumer Discretionary
- **Industry:** Consumer Durables
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2013-04-12
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** opalclocks.com

## About

Opal Luxury Time Products Limited is an India-based company engaged in the business of manufacturing, assembling and marketing of clocks, watches, their accessories and allied products.

## Latest Price

## Key Insights

### Weaknesses

- Stock is trading at 4.29 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -33.7% over past five years.
- Company has a low return on equity of -42.1% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 712 days.
- Working capital days have increased from 535 days to 1,217 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -132% | — | — |
| revenue growth | -76% | -51% | -34% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 10 | 16 | 17 | 22 | 24 | 26 | 26 | 23 | 13 | 3 |
| Expenses | 8 | 13 | 12 | 17 | 20 | 22 | 21 | 21 | 13 | 14 |
| Operating Profit | 2 | 3 | 5 | 5 | 4 | 4 | 5 | 2 | -1 | -11 |
| OPM % | 24 | 21 | 28 | 24 | 17 | 16 | 19 | 8 | -6 | -361 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 1 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 3 | 4 | 4 |
| Profit before tax | 2 | 2 | 3 | 3 | 1 | 0 | 0 | -4 | -7 | -16 |
| Tax % | 24 | 1 | 2 | -2 | 59 | -69 | 33 | -8 | 0 | 0 |
| Net Profit | 1 | 2 | 3 | 3 | 0 | 1 | 0 | -3 | -7 | -16 |
| EPS in Rs | 144 | 41.15 | 13.28 | 13.52 | 1.43 | 1.61 | 0.3 | -9.82 | -19.98 | -46.42 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.1 | 0.54 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 5 | 7 | 10 | 13 | 25 | 26 | 26 | 22 | 16 | 0 |
| Borrowings | 7 | 9 | 10 | 8 | 8 | 9 | 8 | 8 | 18 | 17 |
| Other Liabilities | 3 | 3 | 2 | 4 | 3 | 3 | 4 | 13 | 3 | 4 |
| Total Liabilities | 14 | 19 | 24 | 28 | 40 | 41 | 41 | 47 | 40 | 25 |
| Fixed Assets | 1 | 1 | 2 | 9 | 13 | 18 | 18 | 16 | 13 | 9 |
| CWIP | 5 | 6 | 7 | 2 | 8 | 2 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 9 | 12 | 15 | 17 | 19 | 20 | 22 | 31 | 27 | 15 |
| Total Assets | 14 | 19 | 24 | 28 | 40 | 41 | 41 | 47 | 40 | 25 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1 | 1 | 2 | 5 | 0 | 4 | 4 | 2 | -7 | 1 |
| Cash from Investing Activity | -1 | -1 | -2 | -3 | -11 | -3 | -2 | 0 | 0 | 0 |
| Cash from Financing Activity | 2 | 1 | 1 | -2 | 11 | -1 | -2 | -2 | 7 | -1 |
| Net Cash Flow | 0 | 0 | 1 | 0 | -1 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -1 | -1 | -1 | 2 | -11 | 1 | 3 | 2 | -7 | 1 |
| CFO/OP | -22 | 31 | 47 | 89 | -10 | 93 | 92 | 113 | 1008 | -8 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 187 | 153 | 165 | 128 | 139 | 132 | 141 | 262 | 358 | 712 |
| Inventory Days | 205 | 175 | 212 | 181 | 172 | 194 | 193 | 258 | 487 | 423 |
| Days Payable | 145 | 76 | 46 | 47 | 36 | 51 | 56 | 282 | 51 | 95 |
| Cash Conversion Cycle | 247 | 252 | 331 | 262 | 276 | 275 | 278 | 238 | 794 | 1040 |
| Working Capital Days | 208 | 193 | 239 | 41 | 107 | 97 | 109 | 120 | 267 | 1217 |
| ROCE % | 25 | 24 | 24 | 21 | 10 | 5 | 5 | -5 | -12 | -52 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 25.27% | 25.27% | 25.27% | 25.27% | 25.27% | 25.27% |
| DIIs | 28.49% | 28.37% | 28.31% | 28.31% | 28.31% | 28.31% |
| Public | 46.23% | 46.35% | 46.41% | 46.41% | 46.41% | 46.41% |
| No. of Shareholders | 61 | 65 | 67 | 67 | 67 | 67 |

### Quarterly

| Category | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 25.27% | 25.27% | 25.27% | 25.27% | 25.27% | 25.27% | 25.27% | 25.27% | 25.27% | 25.27% | 25.27% | 25.27% |
| DIIs | 28.37% | 28.37% | 28.37% | 28.31% | 28.31% | 28.31% | 28.31% | 28.31% | 28.31% | 28.31% | 28.31% | 28.31% |
| Public | 46.35% | 46.35% | 46.35% | 46.41% | 46.41% | 46.41% | 46.41% | 46.41% | 46.41% | 46.41% | 46.41% | 46.41% |
| No. of Shareholders | 65 | 65 | 65 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 211.64 | Sell |
| EMA (10) | 205.33 | Sell |
| SMA (20) | 214.26 | Sell |
| EMA (20) | 211.82 | Sell |
| SMA (50) | 222.44 | Sell |
| EMA (50) | 222.81 | Sell |
| SMA (100) | 244.09 | Sell |
| EMA (100) | 230.94 | Sell |
| SMA (200) | 241.45 | Sell |
| EMA (200) | 216.5 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.63 | Neutral |
| MACD (12,26,9) | -7.2 | Sell |
| Stochastic (14,3,3) | 20.01 | Neutral |
| ADX (14) | 20.97 | Neutral |
| Williams %R (14) | -82.26 | Buy |
| ATR (14) | 12.03 | High Volatility |
| ROC (12) | -9.65 | Sell |
| Stoch RSI (14) | 21.2 | Neutral |
| UO (7,14,28) | 40.02 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-07-25 | [Change in Auditors](https://nsearchives.nseindia.com/corporate/OPAL_25072026172307_Intimation_of_Resignation_of_Statutory_Auditor_Sd.pdf) |
| 2026-07-25 | [Resignation of Statutory Auditor](https://nsearchives.nseindia.com/corporate/OPAL_ROSA_92999_KMP_Doc.zip) |
| 2026-07-25 | [Resignation of Statutory Auditor](https://nsearchives.nseindia.com/corporate/OPAL_ROSA_93000_KMP_Doc.zip) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 May 2024 - OPAL LUXURY TIME PRODUCTS LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent | [Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent 8 May 2024 - OPAL LUXURY TIME PRODUCTS LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent](https://nsearchives.nseindia.com/corporate/xbrl/OPAL_08052024152204_CIM_23786_1117912_08052024032204_WEB.xml) |
| 8 May 2024 - Appointed Rajashri Khandagale (non-exec non-indep) and Narendra Bhagatkar (exec non-indep) directors | [Change in Director(s) 8 May 2024 - Appointed Rajashri Khandagale (non-exec non-indep) and Narendra Bhagatkar (exec non-indep) directors](https://nsearchives.nseindia.com/corporate/OPAL_08052024144128_Directorapppintmentintimation08052024444.pdf) |
| 26 April 2024 - Pradeep Khandagale now reflected as director on MCA portal; board compliance actions to follow | [Updates 26 April 2024 - Pradeep Khandagale now reflected as director on MCA portal; board compliance actions to follow](https://nsearchives.nseindia.com/corporate/OPAL_26042024172557_opalintimationdirectorappointment.pdf) |
| 21 May 2024 - Submission of NCLT order copy to NSE | [Updates 21 May 2024 - Submission of NCLT order copy to NSE](https://nsearchives.nseindia.com/corporate/OPAL_21052024202658_opalcertifiedcopy.pdf) |
| 14 June 2021 - Opal Luxury Time Products Limited has submitted to the Exchange, the financial results for the period ended September 30, 2019. | [Financial Result Updates 14 June 2021 - Opal Luxury Time Products Limited has submitted to the Exchange, the financial results for the period ended September 30, 2019.](https://archives.nseindia.com/corporate/FSSEP2019_14062021141320.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_13546_OPAL_2017_2018_24092018145124.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/SME_AR_11837_OPAL_2016_2017_30092017135745.zip) |
| from nse | [Annual Report 2016 from nse](https://archives.nseindia.com/annual_reports/SME_AR_10505_OPAL_2015_2016_17102016204644.zip) |
| from nse | [Annual Report 2015 from nse](https://archives.nseindia.com/annual_reports/SME_AR_8697_OPAL_2014_2015_14092016200013.zip) |
| from nse | [Annual Report 2015 from nse](https://archives.nseindia.com/annual_reports/AR_8697_OPAL_2014_2015_23102015120002.zip) |
| from nse | [Annual Report 2014 from nse](https://archives.nseindia.com/annual_reports/SME_AR_4972_OPAL_2013_2014_05092014125429.zip) |
| from nse | [Annual Report 2014 from nse](https://archives.nseindia.com/annual_reports/AR_4972_OPAL_2013_2014_05092014125429.zip) |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/SME_AR_1872_OPAL_2012_2013_18092013175521.zip) |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1872_OPAL_2012_2013_18092013175521.zip) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:47:50.781Z.