Opto Circuits India

CMP: 286


Opto Circuits India Limited is a medical electronics company that manufactures sensors for medical and security purposes. The Company's products include fluid warmers, SPO2 probes, pulse oxymeters, cholesterol monitors and baggage scanners. Opto Circuits is in a technology oriented Optoelectronics industry, related to non invasive health care segment.

Opto Circuits is a good bet in mid-cap space. Its got a unique presence in Opto-electronics industry. Its currently trading at a P/E of 21 with decent dividend yields of 1.40% in the last 12 months. With minimal liabilities, revenues have grown from 116 Crores to 603 Crores in the last 5 years. Profits have grown from 35 Crores to 244 Crores in the same period. NPM is very strong and consistent in the last 5 years growing from 30% to 40% in the last 5 years. Buy and accumulate with long term perspective.

[Opto Circuits India Ltd.] arm gets US FDA Nod for cardiac monitor product.