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Opto Circuits (India) Ltd


BSE: 532391 | NSE: OPTOCIRCUI | ISIN: INE808B01016 
Market Cap: [Rs.Cr.] 4,077 | Face Value: [Rs.] 10
Industry: Electronics - Components

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Board Meet

22-May-12 
Opto Circuits (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 22, 2012, inter alia, to consider the Audited Financial Results of Company for the year ended March 31, 2012 and for the recommendation of a dividend, if any, on the equity share capital of the Company for the financial year ended March 31, 2012. Opto Circuits (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 22, 2012, inter alia, has recommended Dividend of Rs. 3/- per share on Equity Shares of the Company subject to approval of the shareholders in the Annual General Meeting. (AsPer BSE Announcement Website Dated on 22/05/2012) 
07-Feb-12 
Opto Circuits (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 07, 2012, inter alia, to consider the Un-audited financial results of the Company for the period ended December 31, 2011 (Q3). Opto Circuits (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 07, 2012, inter alia, have recommended Three equity Bonus shares for every Ten fully paid equity shares, subject to the approval of the shareholders. (As Per BSE Announcement Website dated on 07.02.2012) 
08-Nov-11 
Opto Circuits (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 08, 2011, inter alia, to consider the Un-Audited financial results of the Company for the quarter ended September 30, 2011 (Q2). 
22-Aug-11 
Opto Circuits (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 22, 2011, inter alia, has approved the following: 1. Directors Report, Notice of Annual General Meeting to be held on September 28, 2011. 2. To increase the Foreign Financial Institutions (FII) limit of exiting 40% to 49% in the Company's paid up capital subject to the approval of Shareholders. 
26-Jul-11 
Opto Circuits (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 26, 2011, inter alia, to consider the Un-Audited financial results of the Company for the quarter ended June 30, 2011 (Q1). 

AGM

28-Sep-11
Opto Circuits (India) Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 23, 2011 to September 28, 2011 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company to be held on September 28, 2011. Opto Circuits (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 22, 2011, inter alia, has approved the following: Directors Report, Notice of Annual General Meeting to be held on September 28, 2011. (As Per BSE Announcement Website dated on 23.08.2011) Opto Circuits (India) Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 28, 2011, inter alia, have approved the following: 1. Adoption of Audited Financial Results for the year ended March 31, 2011 along with the Reports of the Directors and Auditors thereon. 2. Payment of dividend @ Rs. 4.50 per Equity Share of Rs. 10/- each. 3. Re-appointment of Dr. Anvay Mulay as Independent Director. 4. Re-appointment of Mr. Rajkumar Raisinghani as Independent Director, 5. Re-appointment of Mr. Jayesh C. Patel as Director. 6. Appointment of M/s. Anand Amarnath and Associates Chartered Accountants as Statutory Auditors. 7. Increasing the FII Investment Limit to 49% of the paid up equity Share Capital of the Company. (As Per BSE Announcement Website dated on 29.09.2011) 
28-Sep-10
Opto Circuits (India) Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 23, 2010 to September 28, 2010 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company to be held on September 28, 2010. Opto Circuits (India) Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 28, 2010, inter alia, have accorded to the following: 1. Adoption of Audited Profit and Loss Account for the financial year ended March 31, 2010 and the Balance Sheet as at that date together with the Report of the Directors and Auditors thereon. 2. Payment of dividend @ Rs. 4.00 per Equity Share of Rs. 10/- each. 3. Re-appointment of Mr. Thomas Dietiker as Director liable to retire by rotation. 4. Re-appointment of Mr. V Balasubramaniam as Independent Director liable to retire by rotation. 5. Re-appointment of Dr. William O' Neill as Independent Director liable to retire by rotation. 6. Appointment of M/s Anand Amarnath and Associates Chartered Accountants as Statutory Auditors. 7. Re-appointment of Mr. Vinod Ramnani as Chairman and Managing Director for a period of 5 years and fix the Remuneration. 8. Re-appointment of Mrs. Usha Ramnani as Executive Director for a period of 5 years and fix the Remuneration. 9. To authorize the Board to take decision to incorporate wholly owned subsidiary company OPTO Eurocor Ltd or such other name, and to raise funds upto Rs. 2,000 crores by way of equity and/or debt by the subsidiary company. 10. To authorize the Board to take decision to incorporate wholly owned subsidiary company OPTO Criticare Limited or such other name, and to raise funds upto Rs. 2,000 crores by way of equity and/or debt by the subsidiary company. (As Per BSE Announcement Dated on 30.09.2010) 
29-Sep-09
Opto Circuits India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 23, 2009 to September 29, 2009 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 29, 2009. Opto Circuits India Ltd has informed BSE that the shareholders at the Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have approved the following: 1. Adoption of Audited Financial Results for the year ended March 31, 2009 along with the Reports of the Directors and Auditors thereon. 2. Payment of dividend @ Rs. 4.00 per Equity Share off Rs. 10/- each. 3. Re-appointment of Dr. Anvay Mulay as Independent Director. 4. Re-appointment of Mr. Rajkumar Raisinghani as Independent Director. 5. Re-appointment of Mr. Jayesh C. Patel as Director. 6. Appointment of M/s. Anand Amarnath and Associates Chartered Accountants as Statutory Auditors. 7. Ratification of the resolution passed through postal ballot. 8. Increase in Borrowing powers u/s. 293(1)(d). 9. Power to create mortgage and charges etc u/s. 293(1)(a). (As Per BSE Announcement Website dated on 30.09.2009) 
30-Sep-08
AGM 30/09/2008 Opto Circuits India Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 30, 2008, inter alia, have accorded to the following: 1. Adoption of Audited Financial Results for the year ended March 31, 2008 along with the Reports of the Directors and Auditors thereon. 2. Payment of dividend @ 50%. 3. Re-appointment of Mr. Thomas Dietiker, Mr. V Balasubramaniam & Dr. Supeman Adam Merchant as Director. 4. Appointment of M/s Anand Amarnath and Associates Chartered Accountants as Statutory Auditors. 5. Increase in the Authorised capital from Rs 100.00 crores to Rs 200.00 crores. 6. Consequent Amendment of Memorandum and Articles of Association. 7. Issue of Bonus shares - 7 Bonus Shares for every 10 fully paid shares. (As Per BSE Announcement Website dated on 30.09.2008) 
25-Sep-07
AGM 25/09/2007 Opto Circuits India Ltd has informed BSE that the shareholders at the Annual General Meeting (AGM) of the Company held on September 25, 2007, inter alia, have approved the following: 1. Adoption of Audited Financial Results for the year ended March 31, 2007, along with the Reports of the Directors and Auditors thereon. 2. Payment of dividend @ 50%. 3. Re-appointment of Mr. Vinod Ramnani, Mr. Usha Ramani & Mr. Jayesh Patel as Directors. 4. Appointment of M/s. Anand Shenoy and Company, Chartered Accountants as Statutory Auditors. 5. Appointment of Mr. William Walter O'Neill MD as Director of the Company. 6. Increase in the Authorised capital from Rs 65.00 crores to Rs 100.00 crores. 7. Consequent Amendment of Memorandum and articles of Association. 8. Issue of Bonus shares - 1 Bonus Shares for every 2 fully paid shares. (As Per BSE Announcement Website Dated on 26/09/2007) 

EGM

29-Jun-07
Opto Circuits India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 29, 2007, inter alia, to transact the following business: 1. To create, offer, issue and allot upto 12,00,000 Share Warrants on a preferential basis to the promoters and promoters group, Directors of the Company and Directors of the subsidiaries as set our herein below, each Share warrant convertible into one Equity Share of the Company of Nominal Value of Rs 10/- each at a premium of Rs 350/- per Share, for cash, so that the total number of Equity Shares to be issued by the Company upon conversion of the Share Warrants does not exceed 12,00,000 Equity Shares, on such terms and conditions as may be decided and deemed appropriate by the Board of Directors of the Company ("Board" which term shall include any duly authorized Committee thereof) Name of the proposed allottees a. Mr. Vinod Ramnani No. of Share Warrants : 5,40,000 Value : Rs 19,44,00,000 b. Mr. Thomas Dietiker No. of Share Warrants : 1,00,000 Value : Rs 3,60,00,000 c. Mr. Jayesh C Patel No. of Share Warrants : 2,40,000 Value : Rs 8,64,00,000 d. Mr. Bhaskar V No. of Share Warrants : 2,60,000 Value : Rs 9,36,00,000 e. Mr. Manje Gowda No. of Share Warrants : 60,000 Value : Rs 2,16,00,000 Further resolve that, the issue of Share Warrants, if any as above shall be subject to the following terms and conditions. i. The Share Warrants shall be convertible (at the sole option of the Share Warrant Holders) at any rime within a period of eighteen months from the date of allotment. ii. Each Share Warrant shall be convertible into one Equity share of nominal value of Rs 10/- of the Company. iii. The Share Warrant holder(s) shall, on the date of allotment of Share Warrants, pay upfront an amount equivalent to 10% of the total consideration per Share Warrant i.e. Rs 36/- Per Share Warrant, each Share Warrant price being Rs 360/-. iv. The Share Warrant holders(s) shall, before the date of conversion of the Share Warrants into Equity Shares, pay the balance 90% i.e. Rs 324/- per Share Warrant, towards the consideration for he subscription to each Equity Share. v. The amount referred to in(iii) above shall be forfeited, if the option to acquire Shares is not exercised. 2. To create, offer, issue and allot upto 12,00,000 Equity Shares on a preferential basis to certain investors as set out herein below of Nominal Value of Rs 10/- each at a premium of Rs 350/- Per Share, for cash, on such terms and conditions as may be decided and deemed appropriate by the Board of Directors of the Company ("Board" which term shall include any duly authorized Committee thereof) Name of the proposed allottees a. Lehman Brothers Asia Limited Sub Account- Lehman Brothers India Holdings Cayman II Ltd No. of Equity Shares : 6,00,000 Value : Rs 21,60,00,000 b. Alliance Bernstein Hong Kong Ltd No. of Equity Shares : 5,64,620 Value : Rs 20,32,63,200 c. Dr. Nishit A Choksi No. of Equity Shares : 35,380 Value : Rs 1,27,36,800 With reference to the earlier announcement dated June 08, 2007 regarding the Notice of Extra Ordinary General Meeting (EGM) of the Company to be held on June 29, 2007, wherein the name of allottees are mentioned, Opto Circuits India Ltd has informed BSE that the name of one of the allottee is to be read as follows: For 'Alliance Bernstein Hong Kong Ltd' Read 'Alliance Bernstein - India Growth Fund'. The Alliance Bernstein - India Growth Fund is managed by Alliance Bernstein LP. The 5,64,620 equity shares as mentioned in the notice are to be purchased by Alliance Bernstein L.P (which is a FII registered with SEBI) for an on behalf of "Alliance Bernstein - India Growth Fund" (which is a registered sub-account under Alliance Bernstein LP). Alliance Bernstein L.P. delegates certain investment management function in respect of this fund to its subsidiaries, Alliance Bernstein Singapore Ltd and Alliance Bernstein Hong Kong Ltd. All other items of the agenda of the said notice remain unchanged. (As Per BSE Announcement Website Dated on 27/06/2007) Opto Circuits India Ltd has informed BSE that the Shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on June 29, 2007, inter alia, have accorded the following: 1. Issue upto 12,00,000 Convertible Share Warrants on preferential basis to Promoters and Directors of the Subsidiary Companies. 2. Issue upto 12,00,000 Equity shares on preferential basis to FIIs and NRI. (As Per BSE Announcement Website Dated on 02/07/2007) 
15-Nov-05
EGM 15/11/2005 To consider: 1. Increasing the Authorised Share Capital of the Company from the present Rs 350 million to Rs 500 million by additionally creating 1,50,00,000 Equity Shares of Rs 10/- each ranking pari passu with the existing Equity Shares the Company in all respects and consequential amendment in Memorandum & Articles of Association of the Company. 2. Authorise the Board to issue, offer and allot securities upto an amount not exceeding US $ 70 Millions or its equivalent in Indian Rupees, subject to necessary approvals and provisions. 3. Authorize the Board to borrow money (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) not exceeding Rs 5000 million over and above the paid-up Capital of the Company and its free reserves, subject to necessary approvals and provisions. 4. Authority to increase in investment by Foreign Institutional Investors, in the equity share capital of the Company, not exceeding in aggregate of 40% of the Issued Equity capital of the Company, subject to necessary approvals and provisions. The company has informed that the following items were approved by the Shareholders of the Company at the Extra Ordinary General Meeting held on 15th November, 2005: 1. Increase in the Authorised Capital from existing Rs.35 crores to Rs.50 crores and Alteration of Memorandum of Association. 2. To raise funds upto USD 70 Million. 3. Increase in Borrowing powers of the Company to Rs.500 crores. 4. Increase the FII limit to 40% of the Issued Equity Capital of the Company. (As per BSE Bulletin dated on 16/11/2005) 
10-May-05
Board has decided to go for a GDR issue of USD 20 mn with a Green Shoe Option of USD 5 mn. Further the Company has informed that it proposes to raise funds to fund their expansions and for acquisition of Businesses. A portion of the issue will be used for setting up a world-class R&D facility in Bangalore.The GDR issue is subject to approval of the shareholders. The Board has recommended for calling the EGM of the Company on May 05, 2005 EGM 05/05/2005 Approval for GDR Issue EGM 10/05/2005 (Revised) Approval for GDR Issue (As per BSE bulletin dated on 15/04/2005) The company has informed that the members at the Extra Ordinary General Meeting (EGM) held on May 10, 2005, has accorded to the following: 1. Increase in the Authorised Capital from existing Rs 200 million to Rs 350 million and Alteration of Memorandum ofAssociation of the Company. 2. Issue of GDR and/or any other instruments aggregating to USD 20 million with a Green Shoe option of USD 5 million. (As per BSE Bulletin dated on 10/05/2005) Opto Circuits (India) Limited has informed the Exchange that the following items were approved by the Shareholders of the Company at the EGM held on May 10, 2005: 1) Increase in the Authorised Capital from existing Rs. 20 crores to Rs. 35 crores and Alteration of Memorandum of Association. 2) Issue of GDR and/or any other instruments aggregating to USD 20 Million with a Green Shoe option of USD 5 Million. (As per NSE Bulletin dated on 10/05/2005) 

Peer Comparison

Company Market Cap
(Rs. in Cr.) 		P/E (TTM)
(x) 		P/BV (TTM)
(x) 		EV/EBIDTA
(x) 		ROE
(%) 		ROCE
(%) 		D/E
(x)
Bharat Electron 9,956.40 13.16 1.78 5.37 18.4 24.9 0.00
Opto Circuits 4,077.03 17.31 3.36 20.68 25.4 19.2 0.48
Honeywell Auto 2,247.66 24.46 3.57 8.32 18.4 25.2 0.00
Yokogawa India 415.63 17.13 3.11 0.00 20.5 31.7 0.00
PG Electro. 298.66 0.00 1.90 0.00 48.9 32.0 1.49
APW Pres.Sys. 152.73 0.00 3.07 30.13 -2.3 0.5 0.33
Genus Power 145.39 4.30 0.35 4.68 18.1 18.5 0.81
Tektronix (I) 78.35 61.49 2.52 0.00 4.2 8.9 0.00
Centum Electron 59.50 17.75 0.76 8.17 4.4 10.3 0.42
Hind Rectifiers 58.54 6.30 1.06 4.61 19.6 21.9 0.11
Kernex Microsys. 56.63 8.69 0.45 9.44 3.7 7.0 0.17
JCT Electronics 53.60 0.00 -0.15 19.68 0.0 0.0 0.00
Zicom Electron. 52.96 10.94 0.41 2.81 12.3 11.9 0.80
MIC Electronics 52.17 5.25 0.13 4.20 8.4 11.3 0.24
BPL Display Dev 33.00 0.00 -0.24 0.00 0.0 0.0 50.59

Futures & Options Quote

 
Expiry Date
166.00 2.40  [1.4]%
Instrument: FUTSTK
Expiry Date: 31 May 2012
Open Price: 167.90
Average Price: 166.07
No. of Contracts Traded: 309,400
Open Interest: 2,129,400
Underlying: OPTOCIRCUI
Market Lot: 1300
Previous Close: 168.40
Day’s High | Low: 168.00 | 165.00
Turnover (Cr.): 5.14
Open Int. Change: -14,300.00 ( [0.7]% )
View detailed F& O quotes >>

Key Information

Key Executives:

Vinod Ramnani , Chairman & Managing Director 

Usha Ramnani , Executive Director 

Jayesh C Patel , Director 

Thomas Dietiker , Director 

Company Head Office / Quarters:
Plot No 83 Electronic City,
Hosur Main Road,
Bangalore,
Karnataka-560100
Phone : 91-080-28521040/41/42
Fax : 91-080-28521094
E-mail :
info@optoindia.com
oci@optoindia.com
Web : http://www.optoindia.com
Registrars:
Karvy Computershare Pvt Ltd
Karvy House 46
Road No 4 Street No1
Banjara Hills
Hyderabad - 500034Plot No 17-24
Vittal Rao Nagar
Madhapur
Hyderabad-500081

Fund Holding

 

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