$Optiemus Infracom logo$

Optiemus Infracom financials and balance sheet

NSE: OPTIEMUSBSE: 530135Telecom - Equipment & AccessoriesSmall Cap

₹673.70₹51.25 (7.07%)BSE ₹672.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹724.95.

52-week range of traded prices to 23 Oct 2026

₹288.00Low, 30 Mar 2026₹924.90High, 6 Oct 2026

Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.

Market cap: ₹6,075 Cr903rd largest listed
P/E: 83.6
P/B: 7.8
Dividend yield: Nonein the last 12 months
ROE: 10.1%
ROCE: 6.7%
Debt to equity: 0.37
Volume, NSE: 4,71,93141.1% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Optiemus Infracom annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

A loss in 3 of the 10 years shown

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 252.8% of operating profit in the first full year.

The years either side of a change of basis do not compare. From the year to Mar 2019, the company reports a discontinued business. From the year to Mar 2021, the company's revenue for that year, ₹182 Cr, differs from its quarters added, ₹207 Cr.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue1,769
Materials and goods−1,547
Employee costs−59
Other expenses−64
Operating profit98
Depreciation−24
Other income+26
One-off items0.0
Finance costs−23
Profit before tax76
Tax−25
Joint ventures+14
Net profit66

What the company owns

Plant, investments and other assets₹1,184 Cr
Inventory₹314 Cr
Receivables₹298 Cr
Cash and bank₹42 Cr

What pays for it: net worth and liabilities

Net worth₹822 Cr
Owed to suppliers₹516 Cr
Borrowings₹307 Cr
Other liabilities₹193 Cr

Optiemus Infracom business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.Optiemus Infracom segment results by quarter

Revenue by segment

₹1,875 CrTotal

Manufacturing Business₹1,119 Cr59.7% of total
Trading & distribution₹756 Cr40.3% of total

Profit by segment

Manufacturing Business₹45.7 Cr62.3% of total
Trading & distribution₹27.6 Cr37.7% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Manufacturing Business
Revenue, ₹ crore
921
177
0
41
573
1,069
1,341
1,119
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
−11
−9
−5
−15
16
48
68
46
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Trading & distribution
Revenue, ₹ crore
673
600
756
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
13
18
28
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	1,318	521	209	472	1,174	1,742	1,941	1,875
Company revenue, as in its results	1,196	373	182	472	1,174	1,528	1,890	1,769
Revenue	921	177	0	41	573	1,069	1,341	1,119
Revenue growth	–	−80.8%	−99.9%	–	1,312.8%	86.4%	25.5%	−16.6%
Profit	−11	−9	−5	−15	16	48	68	46
Profit growth	–	–	–	–	–	209.2%	40.3%	−32.5%
Margin	−1.1%	−5.0%	−2,068.0%	−36.3%	2.7%	4.5%	5.0%	4.1%
Return on capital	–	−378.5%	–	−60.7%	505.6%	159.0%	17.3%	8.7%
Assets	–	68	85	164	475	1,132	1,092	1,630
Liabilities	–	66	89	140	472	1,101	701	1,102
Capital employed	–	2	−4	24	3	30	391	528
Revenue	–	–	–	–	–	673	600	756
Revenue growth	–	–	–	–	–	–	−10.8%	25.9%
Profit	–	–	–	–	–	13	18	28
Profit growth	–	–	–	–	–	–	43.7%	50.3%
Margin	–	–	–	–	–	1.9%	3.1%	3.7%
Return on capital	–	–	–	–	–	3.0%	3.1%	4.0%
Assets	–	–	–	–	–	563	771	731
Liabilities	–	–	–	–	–	137	179	38
Capital employed	–	–	–	–	–	426	593	693
Revenue	36	36	27	0	0	–	–	–
Revenue growth	–	−0.1%	−24.5%	−100.0%	–	–	–	–
Profit	23	25	108	−16	0	–	–	–
Profit growth	–	6.8%	332.7%	–	–	–	–	–
Margin	64.9%	69.4%	398.0%	–	–	–	–	–
Assets	–	140	0	0	0	–	–	–
Liabilities	–	193	0	0	0	–	–	–
Capital employed	–	−53	0	0	0	–	–	–
Revenue	–	309	181	431	600	–	–	–
Revenue growth	–	–	−41.3%	137.8%	39.3%	–	–	–
Profit	–	−93	−89	8	10	–	–	–
Profit growth	–	–	–	–	29.6%	–	–	–
Margin	–	−30.0%	−49.3%	1.8%	1.7%	–	–	–
Return on capital	–	−29.2%	−25.1%	2.3%	2.4%	–	–	–
Assets	–	414	431	546	600	–	–	–
Liabilities	–	97	75	214	186	–	–	–
Capital employed	–	317	356	333	413	–	–	–
Revenue	361	–	–	–	–	–	–	–
Profit	−73	–	–	–	–	–	–	–
Margin	−20.1%	–	–	–	–	–	–	–
	0	–	–	–	–	–	–	–
Profit	0	–	–	–	–	–	–	–
	0	–	–	–	–	–	–	–
Profit	0	–	–	–	–	–	–	–
	0	–	–	–	–	–	–	–
Profit	0	–	–	–	–	–	–	–
	–	0	0	0	0	0	0	0
Profit	–	0	0	0	0	0	0	0
Assets	–	−46	−23	−144	−163	−347	−313	−523
Liabilities	–	−16	−2	−117	−129	−317	5	−124
	0	–	–	–	–	–	–	–
Profit	0	–	–	–	–	–	–	–
Assets	0	–	–	–	–	–	–	–
Liabilities	0	–	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Optiemus Infracom quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 15 Jun	Mar 2020Filed 5 Aug	Mar 2021Filed 15 Jul	Mar 2022Filed 16 Jun	Mar 2023Filed 27 May	Mar 2024Filed 11 Jun	Mar 2025Filed 12 Jun	Mar 2026Filed 30 May
Revenue from operations	1,561	723	1,196	373	182	472	1,174	1,528	1,890	1,769
	1,516	670	1,238	421	280	491	1,149	1,449	1,782	1,671
Materials and goods bought	1,411	540	1,065	315	167	448	1,043	1,298	1,656	1,547
Employee costs	34	34	58	14	6	9	41	70	61	59
Other expenses	71	96	115	92	107	34	65	81	65	64
Operating profit before depreciation	45	53	−42	−48	−98	−19	25	79	108	98
Operating margin	2.9%	7.3%	−3.5%	−12.9%	−54.0%	−4.0%	2.1%	5.2%	5.7%	5.5%
Materials, % of revenue	90.4%	74.7%	89.0%	84.4%	92.1%	95.0%	88.8%	84.9%	87.6%	87.5%
Employee costs, % of revenue	2.2%	4.7%	4.8%	3.8%	3.1%	1.8%	3.5%	4.6%	3.2%	3.4%
Other expenses, % of revenue	4.6%	13.2%	9.6%	24.8%	58.7%	7.2%	5.6%	5.3%	3.4%	3.6%
Depreciation and amortisation	19	16	17	13	5	6	13	18	22	24
Operating profit after depreciation	26	37	−59	−61	−103	−25	12	61	86	73
Other income	29	16	63	11	102	36	54	18	17	26
Finance costs	44	33	42	25	6	5	6	8	30	23
One-off items	0	0	0	0	0	0	0	0	0	0
Profit before tax	11	20	−38	−75	−7	6	60	72	73	76
	4	6	–	−6	2	6	11	19	13	25
Current tax	6	–	–	0	−10	8	3	9	16	19
Deferred tax	−2	–	–	−6	13	−3	8	10	−3	6
Share of profit of joint ventures and associates	–	–	−1	−16	8	−1	−7	5	3	14
Profit from discontinued businesses	–	–	−18	–	96	–	–	–	–	–
	7	14	−59	−85	95	−1	42	57	63	66
Belonging to the company's shareholders	7	14	−59	−85	96	0	42	57	63	66
Belonging to outside owners of subsidiaries	–	–	0	–	−2	−1	0	0	0	0
Other comprehensive income	–	–	−2	1	0	0	0	0	0	0
Total comprehensive income	–	–	−62	−84	94	−1	42	57	63	66
Net margin	0.4%	1.9%	–	−22.8%	–	−0.2%	3.6%	3.7%	3.4%	3.7%
Net margin without joint ventures and associates	–	–	–	−18.5%	–	0.0%	4.2%	3.4%	3.2%	2.9%

Tax is left blank for the year to Mar 2019: profit before tax less the tax charge stated does not come to the profit after tax the same statement states, so the tax charge is not shown. Net margin is left blank for the years to Mar 2019 and Mar 2021: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 15 Jun	Mar 2020Filed 5 Aug	Mar 2021Filed 15 Jul	Mar 2022Filed 16 Jun	Mar 2023Filed 27 May	Mar 2024Filed 11 Jun	Mar 2025Filed 12 Jun	Mar 2026Filed 30 May
	321	235	329	330	382	426	693	822
	321	236	331	330	382	426	665	777
Share capital	86	86	86	86	86	86	87	89
Reserves	235	150	245	244	297	341	578	688
Belonging to outside owners of subsidiaries	0	−1	−2	−1	0	0	28	45
	249	227	102	43	55	164	129	307
Repayable after a year	200	180	4	20	12	67	66	201
Repayable within a year	49	47	98	23	43	97	63	106
	333	155	159	216	461	847	720	743
Trade payables	229	86	56	177	331	705	608	516
Other financial liabilities	29	18	2	4	32	13	15	51
Other liabilities	26	4	2	7	52	24	22	38
Provisions	0	0	0	0	3	1	6	12
Tax owed	0	0	0	5	1	7	6	19
	201	185	5	20	69	74	138	274
Other financial liabilities	–	5	0	0	55	4	67	64
Provisions	1	1	1	1	1	0	1	1
Deferred tax	–	0	0	0	0	3	4	8
Total assets	855	575	493	566	911	1,348	1,551	1,838
	284	249	130	200	286	328	473	762
Plant in use, after depreciation	35	29	16	54	88	196	142	247
Plant being built	1	2	3	2	3	3	24	300
Intangible assets	4	0	0	0	0	0	94	0
Goodwill	0	0	0	58	58	58	58	58
Property held to earn rent	120	118	1	1	1	0	0	0
Investments	55	35	43	42	44	58	65	87
Loans given	11	9	6	1	1	1	1	1
Other financial assets	7	1	2	6	7	9	10	8
Deferred tax	16	22	12	14	8	0	4	4
Other assets	34	33	47	22	77	4	77	57
	571	326	364	366	625	1,020	1,078	1,076
Inventories	61	8	7	7	115	337	244	314
Trade receivables	348	192	150	256	373	485	600	298
Cash and cash equivalents	17	7	38	25	14	29	144	32
Other bank balances	16	19	4	6	4	1	1	10
Current investments	1	0	0	0	0	0	0	0
Loans given	54	54	131	14	14	7	0	0
Other financial assets	0	2	2	3	29	48	3	2
Tax paid in advance	5	6	5	3	5	4	5	0
Other assets	68	38	27	52	73	108	81	420
Net debt	215	200	60	12	37	134	−16	265

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 15 Jul	Mar 2022Filed 16 Jun	Mar 2023Filed 27 May	Mar 2024Filed 11 Jun	Mar 2025Filed 12 Jun	Mar 2026Filed 30 May
	−56	28	1	40	−13	−12
	−53	55	−29	43	4	−8
	−43	47	−57	−78	−44	−126
Receivables	−44	−124	−198	−113	−123	301
Inventories	2	0	−108	−223	93	−70
Payables	−12	153	248	380	−32	−100
Other working capital	12	18	1	−122	17	−257
Tax paid	−3	−1	−10	−2	−17	−4
Capital spending	0	0	36	62	39	312
Free cash flow	−56	28	−35	−21	−51	−324
	223	24	−82	−51	−51	−295
Plant and property sold	−1	0	0	1	0	0
Companies bought	0	−57	0	0	29	20
Interest received	3	9	15	1	4	6
	−136	−64	70	25	178	195
Borrowings raised	−124	−59	19	54	47	177
Borrowings repaid	0	0	−8	0	−26	0
Interest paid	0	0	−5	0	0	−23
Lease payments	0	0	63	−8	13	−2
Dividends paid	0	0	0	13	0	0
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	175	97
Net change in cash	31	−13	−11	15	115	−112

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Optiemus Infracom dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 15 Jun	Mar 2020Filed 5 Aug	Mar 2021Filed 15 Jul	Mar 2022Filed 16 Jun	Mar 2023Filed 27 May	Mar 2024Filed 11 Jun	Mar 2025Filed 12 Jun	Mar 2026Filed 30 May
Earnings per share	₹0.80	₹1.61	−₹7.21	−₹9.81	₹11.01	−₹0.10	₹4.88	₹6.62	₹7.37	₹7.52
Diluted earnings per share	₹0.80	₹1.61	−₹7.21	−₹9.81	₹11.01	−₹0.10	₹4.87	₹6.62	₹7.33	₹7.39
Dividend per share	–	–	–	–	–	–	₹1.50	–	–	–
Book value per share	–	–	₹37.43	₹27.47	₹38.56	₹38.47	₹44.55	₹49.67	₹76.25	₹87.57
Dividend payout	–	–	–	–	–	–	30.8%	–	–	–
Shareholder yield	–	–	–	–	0.0%	0.0%	0.0%	0.6%	−4.7%	−3.7%
Market cap at the year end (₹ crore)	526	2,071	789	137	1,039	2,741	1,767	2,159	3,731	2,596

Ratios

Consolidated, years to March.Optiemus Infracom PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 15 Jun	Mar 2020Filed 5 Aug	Mar 2021Filed 15 Jul	Mar 2022Filed 16 Jun	Mar 2023Filed 27 May	Mar 2024Filed 11 Jun	Mar 2025Filed 12 Jun	Mar 2026Filed 30 May
Revenue growth	−18.5%	−53.7%	–	−68.8%	–	159.9%	148.9%	30.1%	23.7%	−6.4%
Operating profit growth	−45.6%	17.7%	–	–	–	–	–	217.6%	37.8%	−9.9%
Net profit growth	−46.7%	101.2%	–	–	–	–	–	35.5%	11.6%	4.2%
Earnings per share growth	−47.0%	101.3%	–	–	–	–	–	35.7%	11.3%	2.0%
	–	–	−18.5%	−30.5%	34.0%	−0.1%	11.8%	14.0%	11.6%	9.2%
	–	–	–	−12.0 pts	64.4 pts	−34.1 pts	11.9 pts	2.3 pts	−2.4 pts	−2.4 pts
From the net margin	–	–	–	–	–	–	5.2 pts	0.5 pts	−1.4 pts	1.3 pts
From asset turnover	–	–	–	–	–	–	4.0 pts	−1.8 pts	−0.5 pts	−2.6 pts
From borrowing	–	–	–	–	–	–	2.7 pts	3.6 pts	−0.6 pts	−1.2 pts
Return on capital employed	–	–	−10.3%	−13.2%	−23.8%	−6.8%	2.7%	10.3%	10.5%	6.5%
Cash conversion	–	–	–	–	−58.8%	–	2.8%	71.1%	−19.8%	−18.4%
Interest cover	0.6	1.1	–	–	–	–	2.0	7.7	2.9	3.2
Debt to equity	–	–	0.77	0.97	0.31	0.13	0.14	0.38	0.19	0.37
Receivable days	–	–	106	188	301	198	116	116	116	61
Inventory days	–	–	21	9	15	5	40	95	54	74
Payable days	–	–	78	100	122	144	116	198	134	122
Cash conversion cycle, days	–	–	49	98	193	59	40	12	36	14
Working capital days	–	–	77	188	523	110	59	57	53	82
Asset turnover	–	–	1.40	0.52	0.34	0.89	1.59	1.35	1.30	1.04
Assets per rupee of net worth	–	–	2.66	2.57	1.89	1.60	2.07	2.79	2.65	2.35
Sales per rupee of plant	–	–	34.40	12.99	11.40	8.74	13.37	7.80	13.35	7.16
Capital spending to depreciation	–	–	–	–	0.00	0.00	2.79	3.50	1.74	12.83
Plant being built, % of plant in use	–	–	2.9%	7.1%	21.8%	4.2%	3.0%	1.3%	16.9%	121.6%

Interest cover is left blank for the years to Mar 2019, Mar 2020, Mar 2021 and Mar 2022: operating profit after depreciation is a loss, and a loss covers no interest bill. Revenue growth is left blank for the year to Mar 2019: between the two periods the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. From the net margin, from asset turnover and from borrowing are left blank for the years to Mar 2020, Mar 2021 and Mar 2022: the profit of this year or the year before includes a business the company has discontinued while its revenue does not, so the change in return on equity is not split into margin, turnover and borrowing. Revenue growth is left blank for the year to Mar 2021: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 3.9%
Cash from operations against operating profit: −12.4%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	−0.8%	57.7%	14.6%
Profit growth, yearly rate	17.7%	−7.3%	16.4%
Return on equity, average	–	9.3%	11.6%
Return on capital employed, average	–	4.6%	9.1%
Operating margin, average	−4.6%	2.9%	5.5%
Net margin, average	–	2.8%	3.6%
Asset turnover, average	–	1.24	1.23
Cash conversion cycle, days, average	–	32	21
Interest cover, average	–	3.9	4.6
Debt to equity, average	–	0.24	0.31

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	44	16	−12
Cash from investing	−454	−396	−295
Cash from financing	404	398	195
Capital spending	449	413	312
Dividends paid	13	13	0
Shares bought back	0	0	0
Shares issued for cash	271	271	97
Borrowings raised	–	278	177
Borrowings repaid	34	26	0

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	5	4	6	4	3	2
Altman Z-scorePublished threshold 1.1	–	–	3.39	2.94	6.44	4.73	3.49	2.55	4.03	3.62
Beneish M-scorePublished threshold −1.78	–	–	–	–	−1.74	−0.86	−1.71	−2.64	−0.97	−2.63
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−13.54	−9.91	16.62	5.93	8.72	22.02
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	−0.20	0.71	0.18	0.08
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	24.00	29.23	−88.95	−103.18	0.10	−0.12	−43.97
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	−16.18	28.25	−168.80	1,508.08	168.85	−55.14	35.34
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	−7.35	−6.95	5.21	4.08	3.59	−3.85	18.91
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.31	–	0.05	0.06	0.02	–	2.32
Effective tax ratePublished threshold 17.16 per cent	37.61	30.60	–	–	–	100.54	18.75	27.02	18.20	32.34
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	76.16	2.61	23.80	−5.02	27.42

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
29 Jun 2026	ICRA Limited (opens in a new tab)	Non-fund based-Proposed limits	[ICRA]BBB /[ICRA]A3+Review, Upgrade	Stable	50
20 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil BBBRating Assigned	Stable	25
20 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesShort-term scale	Crisil A3+Rating Assigned		25

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.