Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Optiemus Infracom Ltd

OPTIEMUS
Telecom Services

Optiemus Infracom Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

Biggest watch item: the P/E sits at the 77th percentile of its own range — the multiple has already done part of the work.

The price is in a downtrend (31 weeks in) while the P/E sits at the 77th percentile of its own 10-year range. Underneath, the last four quarters read mixed — profit +0.0% year on year, and 8% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Stage
Mixed
fundamental trajectory, 12 quarters
Price
₹588
−3.2% 1Y
P/E
81.1×
77th pctile
of its own 10-year range
Revenue (Mar 26)
₹485 Cr
+8.0% YoY
Profit (Mar 26)
₹22.0 Cr
+0.0% YoY
Operating margin
1.0%
−4.0 pp YoY
ROCE
11%
FY26
ROIC
5.2%
vs WACC 12.0% → −6.8 pp
Cash conversion
8%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Optiemus Infracom Ltd trades at ₹588, in a downtrend and 31 weeks into that stage. That is +24.8% against its own 200-day average. It sits at 75% of a 52-week range of ₹312 to ₹681. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 16 straight weeks.

Today the stock is in a downtrend — week 31 of stage 4. At ₹588 it trades +24.8% versus its 200-day average and sits at 75% of its 52-week range (₹312–₹681).

Jul 26: ₹588 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+24.8% versus the 200-day line, week 31 of stage 4
Price50-day avg200-day avg
S2S4S2S4S2S4₹902₹716₹530₹343₹157₹588₹471Jul 23Apr 24Jan 25Oct 25Jul 26
S2S4S2S4S2S4₹902₹716₹530₹343₹157₹588₹471Jul 23Jan 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (541 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Apr 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +1,114% while the NIFTY 500 moved +266% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 16 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 77th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Optiemus Infracom Ltd trades at 81.1× P/E, at the pricey end of its own range (77th percentile). Its long-run median P/E is 56.5×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 81.1× is at the pricey end of its own range (77th percentile), against a long-run median of 56.5× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 81.1× vs a 56.5× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.4-year window; loss-period spikes above 170× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (77th percentile)
P/EMedianEPS (TTM) (quarterly)
182.4×₹13.5136.8×₹10.191.2×₹6.845.6×₹3.40.0×₹0.0×80.70×₹7Feb 16Mar 18May 22Aug 24Jul 26
182.4×₹13.5136.8×₹10.191.2×₹6.845.6×₹3.40.0×₹0.0×80.70×₹7Feb 16May 22Jul 26
PEG 19.70 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Computed here as quarter-end P/E ÷ trailing-twelve-month EPS growth (only quarters with positive growth), because a reported quarterly PEG is not held for this stock. Last 10 quarters; values above 6 pinned at the top.
above 1.0, the multiple already banks the growth
PEGPEG = 1.0
6.5×4.9×3.2×1.6×0.0××6.00×Q1 FY24Q3 FY24Q1 FY25Q3 FY25Q4 FY26
6.5×4.9×3.2×1.6×0.0××6.00×Q1 FY24Q1 FY25Q4 FY26
P/E
81.1×
77th percentile of 10y
PEG
n/m
not derivable — 3-year earnings growth unavailable

Why the multiple sits where it does: over the past year annual EPS moved +2.5% against a −3.2% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +28.3%/yr price move, ~−7.7%/yr came from earnings growth and ~+36.0 pp from the multiple (expanding); over 10y, of the +28.0%/yr price move, ~+8.9%/yr came from earnings growth and ~+19.1 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Optiemus Infracom Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 11.8% — the per-curve reads carry the story. The read is built from 12 quarters across 4 curves, on full evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
107%324%76%237%44%150%12%63%−19%−25%%%−6.5%4.8%2%Jun 23Sep 24Mar 26
107%324%76%237%44%150%12%63%−19%−25%%%−6.5%4.8%2%Jun 23Sep 24Mar 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
23%20%17%14%11%%11.8%Jun 23Sep 24Mar 26
23%20%17%14%11%%11.8%Jun 23Sep 24Mar 26
Revenue growth
Recovering
latest −6.5% · span −10.4% to +98.4%
Profit growth
Steady high
latest +4.8% · span +1.5% to +666.7%
EPS growth
Recovering
latest +2.0% · span −0.5% to +756.1%
ROCE
Falling
latest 11.8% · span 11.8%–22.1%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

Growth, year by year: revenue −6.4% in FY26, profit +4.8% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
178%138%111%20%44%−97%−23%−215%−90%−332%%%−6.4%4.8%FY16FY21FY26
178%138%111%20%44%−97%−23%−215%−90%−332%%%−6.4%4.8%FY16FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (−6.5%) with the last 8 annualized (+7.6%). Spikes shown pinned (▲).
revenue rolling over, profit rolling over
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
107%324%76%237%44%150%12%63%−19%−25%%%−6.5%4.8%Jun 23Sep 24Mar 26
107%324%76%237%44%150%12%63%−19%−25%%%−6.5%4.8%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−6.4%+14.6%+57.6%−0.8%
Profit+4.8%+16.3%−7.0%+17.6%
EPS+2.5%+15.1%−7.6%+17.3%
Share price−3.2%+35.7%+28.3%+28.0%
Revenue YoY (Mar 26)
+8.0%
latest quarter vs a year ago
Profit YoY (Mar 26)
+0.0%
latest quarter vs a year ago
Revenue 10y
−0.8%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

34.8/100 — rank 14 of 18 in Telecom Services · 83% evidence confidence

Optiemus Infracom Ltd scores 34.8 out of 100 against the 18 companies it is compared with in Telecom Services, ranking 14. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 11.4 + 11.2 + 4.1 + 8.1 = 34.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Optiemus Infracom Ltd reported ₹485 Cr of revenue in the Mar 26 quarter, +8.0% year on year. Over 10 years it has compounded at −0.8% a year. The last full year, FY26, came in at ₹1,769 Cr. The last four reported quarters add to ₹1,768 Cr.

Optiemus Infracom Ltd reported ₹485 Cr of revenue in the Mar 26 quarter, +8.0% year on year. Over 10 years it has compounded at −0.8% a year. The last full year, FY26, came in at ₹1,769 Cr. The last four reported quarters add to ₹1,768 Cr.

FY26 revenue came in at ₹1,769 Cr (−6.4% on the year), capping 10 years at −0.8% compound. The latest quarter (Mar 26) printed ₹485 Cr, +8.0% year on year.

FY26 revenue ₹1,769 Cr (−6.4% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
−0.8% a year over 10 years
RevenueYoY growth
2.1k178%1.6k111%1.0k44%519−23%0−90%₹ Cr%₹1,769−6.4%FY16FY21FY26
2.1k178%1.6k111%1.0k44%519−23%0−90%₹ Cr%₹1,769−6.4%FY16FY21FY26
Mar 26: ₹485 Cr (+8.0% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
53282%39956%26631%1335.9%0−19%₹ Cr%₹4858%Jun 23Sep 24Mar 26
53282%39956%26631%1335.9%0−19%₹ Cr%₹4858%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged −6.3% growth against the decade's −0.8% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −6.5% over the last 4 quarters against +7.6%/yr over the last 8 — rolling over; TTM profit +4.8% vs +8.6%/yr — rolling over.

→ Revenue grew — did margins hold as it scaled? Next: 1.0% this quarter (−4.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Optiemus Infracom Ltd's operating margin is 1.0% in the Mar 26 quarter, −4.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −54.0% to 8.0%. The current quarter sits inside that band.

Optiemus Infracom Ltd's operating margin is 1.0% in the Mar 26 quarter, −4.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −54.0% to 8.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 1.0%, −4.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −54.0%–8.0%.

🚨 Why the margin moved: operating margin went −3.6 pp year on year while gross margin went −3.3 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: 6.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a −54.0–8.0% band over 13 years
operating marginYoY change (pp)
13%56%−5.0%34%−23%12%−41%−11%−59%−33%%%6%0%FY14FY20FY26
13%56%−5.0%34%−23%12%−41%−11%−59%−33%%%6%0%FY14FY20FY26
Mar 26: 1.0% operating margin (−4.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
8.6%9.0%6.5%5.5%4.5%2.0%2.5%−1.5%0.4%−5.0%%%1%−4%Jun 23Sep 24Mar 26
8.6%9.0%6.5%5.5%4.5%2.0%2.5%−1.5%0.4%−5.0%%%1%−4%Jun 23Sep 24Mar 26

→ Margins slipped — did that reach the bottom line? Next: profit +0.0% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Optiemus Infracom Ltd earned ₹22.0 Cr of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹66.0 Cr. The 10-year compound rate is 17.6%. That is 4.5% of the quarter's revenue. The same quarter a year earlier earned ₹22.0 Cr.

Optiemus Infracom Ltd earned ₹22.0 Cr of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹66.0 Cr. The 10-year compound rate is 17.6%. That is 4.5% of the quarter's revenue. The same quarter a year earlier earned ₹22.0 Cr.

Mar 26 profit was ₹22.0 Cr, +0.0% year on year. On the full year, FY26 printed ₹66.0 Cr (+4.8%), and the 10-year compound rate is 17.6%.

FY26 profit ₹66.0 Cr (+4.8% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
17.6% a year over 10 years
Net profitYoY growth
109150%57−30%5−211%−47−391%−99−571%₹ Cr%₹664.8%FY16FY21FY26
109150%57−30%5−211%−47−391%−99−571%₹ Cr%₹664.8%FY16FY21FY26
Mar 26: ₹22.0 Cr (+0.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
26197%19136%1376%615%0−45%₹ Cr%₹220%Jun 23Sep 24Mar 26
26197%19136%1376%615%0−45%₹ Cr%₹220%Jun 23Sep 24Mar 26

🚨 Why profit moved: revenue contributed +8.0% and the margin −4.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit +6.6% vs revenue −6.3%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: 8% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 8% of Optiemus Infracom Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−12.0 Cr of operating cash against ₹66.0 Cr of profit. After ₹312 Cr of capital spending, ₹−324 Cr was left as free cash.

FY26: operating cash of ₹−12.0 Cr against reported profit of ₹66.0 Cr, leaving free cash of ₹−324 Cr after ₹312 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 8% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−12.0 Cr vs profit ₹66.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution. FY18/FY26 reflects an acquisition year — point shown clipped.
8% of 3-year profit arrived as cash
Operating cashNet profitFree cash
143757−61−129₹ Cr₹−12₹66₹−95FY16FY21FY26
143757−61−129₹ Cr₹−12₹66₹−95FY16FY21FY26
FY26: CFO = −18% of profit (three-year rate 8%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
339%198%57%−84%−225%%−18%FY16FY21FY26
339%198%57%−84%−225%%−18%FY16FY21FY26

🚨 Why conversion sits at 8%: the cash cycle tightened 179 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: the bigger cash user is investment — capital spending ran 7.1× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹456 Cr of building over 3 years.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Optiemus Infracom Ltd's cash conversion cycle runs 14 days in FY26, down from 193 days in FY21. Capital spending ran ₹456 Cr over the last 3 years. At FY26 sales of ₹1,769 Cr each day of that cycle holds about ₹4.8 Cr, so roughly ₹68.0 Cr sits inside the business at any moment.

FY26: debtors at 61 days, inventory at 74 days — roughly 2.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 14 days, tighter than FY21's 193.

The full loop: cash goes out to suppliers and production on day 0; stock waits 74 days to sell; customers pay about 61 days after that; and suppliers themselves are paid at 122 days — netting out to the 14-day cycle.

In money terms: at FY26 sales of ₹1,769 Cr, each day of the cycle holds about ₹4.8 Cr — so the 14-day loop keeps roughly ₹68.0 Cr sitting inside the business at any moment.

FY26: a 14-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−179 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
32523815164−23days14d74d61d122dFY14FY17FY20FY23FY26
32523815164−23days14d74d61d122dFY14FY20FY26

On the investment side: capital spending of ₹456 Cr over the last 3 fiscal years against ₹64.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹300 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹312 Cr, work-in-progress ₹300 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
34722094−32−159₹ Cr₹312₹300FY16FY18FY21FY23FY26
34722094−32−159₹ Cr₹312₹300FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 11% and the ROIC − WACC spread is −6.8 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Optiemus Infracom Ltd earns a ROCE of 11% in FY26. That is up from a trough of −16% in FY20. Return on invested capital clears the cost of that capital by −6.8 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 3.7% net margin on 0.96× asset turns.

FY26 ROCE is 11%, recovered from a FY20 trough of −16% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 3.7% net margin × 0.96× asset turns × 2.37× balance-sheet leverage ≈ 8.4% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 5.2% − 12.0% = a −6.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 11% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY20's −16%
ROCEROIC (annual)WACC
25%14%3.0%−8.0%−19%%11%5.6%FY14FY20FY26
25%14%3.0%−8.0%−19%%11%5.6%FY14FY20FY26
Q4 FY26: ROCE 6.7% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
15%11%6.7%2.6%−1.4%%6.7%1.6%Q1 FY24Q2 FY25Q4 FY26
15%11%6.7%2.6%−1.4%%6.7%1.6%Q1 FY24Q2 FY25Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.48.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Optiemus Infracom Ltd carries total debt of ₹373 Cr against shareholder equity of ₹822 Cr as of Mar 26, a debt-to-equity of 0.45. On the annual view that ratio went from 0.13 in FY22 to 0.45 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹373 Cr against shareholder equity of ₹822 Cr — a debt-to-equity of 0.45. On the annual view, debt-to-equity went from 0.13 (FY22) to 0.45 (FY26). Read the returns on this page with that leverage in mind.

FY26: debt ₹373 Cr at 0.45× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
4030.5×3020.4×2010.3×1010.2×00.1×₹ Cr×₹3730.45×FY22FY24FY26
4030.5×3020.4×2010.3×1010.2×00.1×₹ Cr×₹3730.45×FY22FY24FY26
Mar 26: debt ₹373 Cr, debt-to-equity 0.45 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
4030.55×3020.48×2010.41×1010.34×00.27×₹ Cr×₹3730.45×Jun 23Sep 24Mar 26
4030.55×3020.48×2010.41×1010.34×00.27×₹ Cr×₹3730.45×Jun 23Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: Promoters cut 2.7 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 2.7 points of Optiemus Infracom Ltd over 8 quarters, the biggest move on the register. That takes promoters to 72.2% of the company. Foreign institutions moved +2.6 points over the same window, to 3.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −2.7 points over 8 quarters to 72.2%; Foreign institutions: +2.6 points over 8 quarters to 3.2%; Domestic institutions: +0.7 points over 8 quarters to 1.0%.

🚨 Why the register moved: promoters drove it (−2.7 points), absorbed on the other side by foreign institutions (+2.6 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −2.7 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
81%59%37%16%−6.0%%72.2%2.9%1.5%23.5%Mar 24Mar 25Mar 26
81%59%37%16%−6.0%%72.2%2.9%1.5%23.5%Mar 24Mar 25Mar 26
Promoters cut 2.7 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
81%59%37%16%−6.0%%72.2%3.2%1.0%23.6%Sep 23Mar 25Jun 26
81%59%37%16%−6.0%%72.2%3.2%1.0%23.6%Sep 23Mar 25Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Optiemus Infracom Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Telecom Services Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Optiemus Infracom Ltd this page81.1×₹5,355 CrMixed
Bharti Airtel Ltd44.5×₹11.8L CrMixed
Vodafone Idea Ltd₹1.4L CrNo read
Indus Towers Ltd14.6×₹1L CrMixed
Bharti Hexacom Ltd47.3×₹80,380 CrMixed
Tata Communications Ltd48.6×₹50,599 CrDeteriorating
HFCL Ltd52.6×₹30,130 CrTurning around
ITI Ltd₹26,501 CrNo read
Tejas Networks Ltd₹8,817 CrNo read
Tata Teleservices (Maharashtra) Ltd₹7,699 CrNo read
NELCO Ltd357.0×₹2,129 CrTurning around
Mahanagar Telephone Nigam Ltd₹1,708 CrNo read
GTL Infrastructure Ltd₹1,563 CrNo read
Valiant Communications Ltd46.8×₹1,131 CrConsistent
Suyog Telematics Ltd15.8×₹996 CrMixed
ADC India Communications Ltd51.6×₹977 CrTurning around
OnMobile Global Ltd₹646 CrNo read
ADC India Communications Ltd32.3×₹594 CrNo read
Sar Televenture Ltd8.2×₹587 CrNo read
12 · Frequently asked questions

Frequently asked questions

What is Optiemus Infracom Ltd's share price today?

Optiemus Infracom Ltd trades at ₹588, −3.2% over the past year. The company is valued at ₹5,355 Cr. The stock sits at 75% of its 52-week range of ₹312–₹681, +24.8% versus its 200-day average. On the tape, the price is in a downtrend, 31 weeks in. — as of 24 July 2026.

What were Optiemus Infracom Ltd's latest quarterly results?

Optiemus Infracom Ltd reported revenue of ₹485 Cr and net profit of ₹22.0 Cr for the Mar 26 quarter. Revenue rose 8.0% and profit rose 0.0% year on year. Earnings per share were ₹2.53. The operating margin was 1.0%, 4.0 pp lower than a year earlier. — as of 24 July 2026.

What is Optiemus Infracom Ltd's revenue?

Optiemus Infracom Ltd reported revenue of ₹485 Cr in the Mar 26 quarter, +8.0% year on year. For the full FY26 fiscal year, revenue was ₹1,769 Cr (−6.4%). Over the last 10 years revenue compounded at −0.8% a year. — as of 24 July 2026.

What is Optiemus Infracom Ltd's profit?

Optiemus Infracom Ltd earned ₹22.0 Cr of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹66.0 Cr. The operating margin ran 1.0% in the latest quarter. — as of 24 July 2026.

What is Optiemus Infracom Ltd's market cap?

Optiemus Infracom Ltd's market capitalisation is ₹5,355 Cr at a share price of ₹588. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Optiemus Infracom Ltd's P/E ratio?

Optiemus Infracom Ltd trades at a P/E of 81.1×, at the 77th percentile of its own 10-year range, against a long-run median of 56.5×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Optiemus Infracom Ltd pay a dividend?

Not in its latest year — Optiemus Infracom Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 1 of its last 13 reported fiscal years, so there is a history but no current dividend. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.

Is Optiemus Infracom Ltd overvalued?

On its own history, Optiemus Infracom Ltd looks expensive against its own history: its P/E of 81.1× sits at the 77th percentile of its 10-year range (long-run median 56.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Optiemus Infracom Ltd growing?

The picture is mixed for Optiemus Infracom Ltd: latest-quarter revenue +8.0% year on year, profit +0.0%, and the margin −4.0 pp at 1.0%. The 10-year compound rates are −0.8% (revenue) and 17.6% (profit). The earnings engine currently reads: mixed — as of 24 July 2026.

How is Optiemus Infracom Ltd performing?

Optiemus Infracom Ltd is in a downtrend, 31 weeks in. Its latest quarter's revenue rose 8.0% and profit rose 0.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 16 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Optiemus Infracom Ltd in?

Mixed — no clean majority across the growth curves, ROCE slipping at 11.8% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth −6.5% latest, profit growth +4.8% latest, eps growth +2.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Optiemus Infracom Ltd in an uptrend?

No — the price is in a downtrend (week 31 of stage 4), trading +24.8% versus its 200-day average and at 75% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Optiemus Infracom Ltd beating the market?

On recent form, yes — Optiemus Infracom Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 16 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +1,114% against the NIFTY 500's +266% — ahead of the index over the full window. — as of 24 July 2026.

Will Optiemus Infracom Ltd's share price go up?

This page publishes no price forecast for Optiemus Infracom Ltd. What it measures instead: the share price is ₹588, the price is in a downtrend 31 weeks in. Its P/E of 81.1× sits at the 77th percentile of its own 10-year range. — as of 24 July 2026.

Who owns Optiemus Infracom Ltd?

Promoters hold 72.2% of Optiemus Infracom Ltd, foreign institutions 3.2%, domestic institutions 1.0% and the public 23.6% (latest quarter). The biggest move on the register over the last two years: Promoters cut 2.7 points over 8 quarters. — as of 24 July 2026.

Does Optiemus Infracom Ltd have too much debt?

It is moderate — Optiemus Infracom Ltd's debt-to-equity is 0.48, and operating profit covers the interest bill 4×. FY26 borrowings were ₹373 Cr against equity of ₹777 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.

What is Optiemus Infracom Ltd's capex?

Optiemus Infracom Ltd spent ₹456 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹312 Cr, with ₹300 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Optiemus Infracom Ltd's cash flow?

Optiemus Infracom Ltd generated ₹−12.0 Cr of operating cash flow in FY26 and ₹−324 Cr of free cash flow after ₹312 Cr of capital spending. Reported profit that year was ₹66.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Optiemus Infracom Ltd's profit real cash?

Not fully — over the last 3 fiscal years, 8% of Optiemus Infracom Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−12.0 Cr against reported profit of ₹66.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.

Where is Optiemus Infracom Ltd in its business cycle?

Optiemus Infracom Ltd's FY26 operating margin was 6.0%, against a 13-year band of −54.0%–8.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 1.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Optiemus Infracom Ltd story?

Biggest watch item: the P/E sits at the 77th percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Optiemus Infracom Ltd a stock worth studying right now?

This is not investment advice. The machine read: Optiemus Infracom Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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