Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Opalware Stocks in India

Opalware: Cello World Ltd owns the largest revenue base AND the fastest current growth.

01 · the index people search for

Nifty Opalware Index — Constituents & Performance

The Opalware companies below are the listed Indian Opalware universe this page tracks — the same constituent set people search for as the Nifty Opalware index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Opalware moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 50% behind NIFTY 500. Earnings across its companies fell 2% on average over the last four reported quarters.

BASING · 1y −36.5%Price down, no fundamental support0 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS — · 0/3 >200d (+0) · 0/3 lead (+0) · EPS 0/3↑

20030040020262025202420232022 198333 TRAILING 12-MONTH EPS · 100 AT THE START0100Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2024 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingJun 2024 · trailing 12-month earnings per share at 96, against 100 at the start · no comparable year yet · 3 reportingSep 2024 · trailing 12-month earnings per share at 94, against 100 at the start · up 23.2% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 94, against 100 at the start · down 15.0% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 92, against 100 at the start · down 4.7% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 89, against 100 at the start · down 7.8% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 90, against 100 at the start · down 4.3% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 84, against 100 at the start · up 7.5% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 84, against 100 at the start · down 4.5% on a year ago · 3 reportingSep 2023 · too few reporting — 2 of the Opalware filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 2 of the Opalware filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two84 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20030040020262025202420232022 198333 TRAILING 12-MONTH EPS · 100 AT THE START0100Mar 24Mar 25Mar 26Mar 2024 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingJun 2024 · trailing 12-month earnings per share at 96, against 100 at the start · no comparable year yet · 3 reportingSep 2024 · trailing 12-month earnings per share at 94, against 100 at the start · up 23.2% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 94, against 100 at the start · down 15.0% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 92, against 100 at the start · down 4.7% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 89, against 100 at the start · down 7.8% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 90, against 100 at the start · down 4.3% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 84, against 100 at the start · up 7.5% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 84, against 100 at the start · down 4.5% on a year ago · 3 reportingSep 2023 · too few reporting — 2 of the Opalware filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 2 of the Opalware filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two84No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Opalware, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Opalware outperforming NIFTY 500?

Opalware has underperformed NIFTY 500 by 41.1% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 7.8%. 0 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. La Opala RG Ltd is the strongest against the sector itself at +3%.

-7.8%Sector vs NIFTY 500 · 13 weeks
-41.1%Sector vs NIFTY 500 · 52 weeks
0/3Stocks leading NIFTY 500
1/3Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Opalware has underperformed NIFTY 500 by 41.1% over 52 weeks and 7.8% over 13 weeks. 0 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself. Cello World Ltd leads with revenue of ₹2,324 crore, based on 3 of 3 comparable companies through Mar 2026.

Companies
3
complete canonical membership
Combined market value
₹12.5K Cr
Cello World Ltd
Revenue growing
2/3
positive TTM year-on-year growth
Beating NIFTY 500
0/3
positive Mansfield relative strength
Comparing 3 of 3
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
La Opala RG Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 78% evidence confidence.
Cello World Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1La Opala RG LtdLAOPALA 50.3/100Mixed-positive evidence78% evidence TURNING 12.1/35 Revenue -7.2% · PAT -5.2% · OPM change 1 pp 95% evidence 15.1/25 ROCE 15.3% · OPM 36% 95% evidence 12.9/20 P/E 21.8× · PEG — 35% evidence 10.2/20 RS sector 3% · RS bench -11.2% · 1Y -34%0 of 10 weeks ahead 70% evidence
Exact sum: 12.1 + 15.1 + 12.9 + 10.2 = 50.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Cello World LtdCELLO 42.0/100Mixed-negative evidence73% evidence ASLEEP 6.6/35 Revenue 8.8% · PAT -9.1% · OPM change -3 pp 95% evidence 18.3/25 ROCE 17.4% · OPM 20% 76% evidence 13.5/20 P/E 22.5× · PEG — 35% evidence 3.6/20 RS sector -4.3% · RS bench -30.7% · 1Y -42.3%0 of 10 weeks ahead 70% evidence
Exact sum: 6.6 + 18.3 + 13.5 + 3.6 = 42 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
3Borosil LtdBOROLTD 40.3/100Mixed-negative evidence73% evidence ASLEEP 11.0/35 Revenue 8.4% · PAT 2.7% · OPM change -3 pp 95% evidence 11.2/25 ROCE 11.5% · OPM 11% 76% evidence 12.1/20 P/E 36.4× · PEG — 35% evidence 6.0/20 RS sector -1.7% · RS bench -16.1% · 1Y -28.4%0 of 10 weeks ahead 70% evidence
Exact sum: 11 + 11.2 + 12.1 + 6 = 40.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

Borosil Ltd has the strongest one-year price move in Opalware at -28.4%. La Opala RG Ltd leads on Mansfield relative strength against NIFTY at -11.2%. 0 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Cello World Ltd has the highest Revenue among the 3 Opalware companies compared here, at ₹2,324 crore. Borosil Ltd is next at ₹1,196 crore. The same company also holds the highest Revenue growth, at 8.8%. 3 of 3 companies report a comparable reading, the latest through Mar 2026. Its Revenue series carries 13 reported observations across the 20-quarter window.

What the numbers say: Cello World Ltd is the scale leader at ₹2,324 crore, 94.3% ahead of Borosil Ltd. Cello World Ltd's growth is 8.8% from a ₹2,324 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderCello World Ltd · ₹2,324 crore
Gap94.3% versus #2 · Borosil Ltd
Persistence7/8 recent comparable periods
Coverage3/3 companies · 41 observations

Investor read: Cello World Ltd is the scale benchmark; Cello World Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Cello World Ltd's growth falls below Cello World Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Cello World Ltd CELLO₹2.3K Cr
2Borosil Ltd BOROLTD₹1.2K Cr
3La Opala RG Ltd LAOPALA⚠ unverified₹308 Cr
Revenue growthfastest growers
1Cello World Ltd CELLO8.8%
2Borosil Ltd BOROLTD8.4%
3La Opala RG Ltd LAOPALA⚠ unverified-7.2%
Revenue · company comparison
3/3 level · 3/3 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Cello World Ltd CELLO₹654 Cr11%Mar 2026
Borosil Ltd BOROLTD₹284 Cr5.2%Mar 2026
La Opala RG Ltd LAOPALA⚠ unverified₹68 Cr-12%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Borosil Ltd · BOROLTD

₹207 Cr
₹177 Cr
₹251 Cr
₹235 Cr
₹304 Cr
₹229 Cr
₹217 Cr
₹278 Cr
₹338 Cr
₹270 Cr
₹233 Cr
₹340 Cr
₹339 Cr
₹284 Cr

Cello World Ltd · CELLO

₹433 Cr
₹472 Cr
₹489 Cr
₹527 Cr
₹512 Cr
₹501 Cr
₹490 Cr
₹557 Cr
₹589 Cr
₹529 Cr
₹587 Cr
₹554 Cr
₹654 Cr

La Opala RG Ltd · LAOPALA⚠ unverified

₹126 Cr
₹109 Cr
₹86 Cr
₹89 Cr
₹107 Cr
₹83 Cr
₹73 Cr
₹91 Cr
₹91 Cr
₹77 Cr
₹65 Cr
₹91 Cr
₹84 Cr
₹68 Cr

Revenue growth · reported quarter history

Borosil Ltd · BOROLTD

47%
29%
-14%
18%
11%
18%
7.4%
22%
0.3%
5.2%

Cello World Ltd · CELLO

9.0%
6.1%
0.2%
5.7%
15%
5.6%
20%
-0.5%
11%

La Opala RG Ltd · LAOPALA⚠ unverified

-15%
-24%
-15%
2.3%
-15%
-7.2%
-11%
0.0%
-7.7%
-12%
07 · compare level, then change

Operating Economics & Margin Trend

La Opala RG Ltd has the highest OPM among the 3 Opalware companies compared here, at 36%. Cello World Ltd is next at 20%. The same company also holds the highest Margin change, at +1 percentage points. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: La Opala RG Ltd leads both opm at 36% and margin change at +1 percentage points.

LeaderLa Opala RG Ltd · 36%
Gap80% versus #2 · Cello World Ltd
Persistence4/8 recent comparable periods
Coverage3/3 companies · 53 observations

Investor read: La Opala RG Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1La Opala RG Ltd LAOPALA⚠ unverified36%
2Cello World Ltd CELLO20%
3Borosil Ltd BOROLTD11%
Margin changefastest expanders
1La Opala RG Ltd LAOPALA⚠ unverified+1.0 pp
2Borosil Ltd BOROLTD−3.0 pp
3Cello World Ltd CELLO−3.0 pp
Operating margin · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
La Opala RG Ltd LAOPALA⚠ unverified36%+1.0 ppMar 2026
Cello World Ltd CELLO20%−3.0 ppMar 2026
Borosil Ltd BOROLTD11%−3.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Borosil Ltd · BOROLTD

13%
21%
15%
18%
13%
14%
4.0%
6.0%
10%
16%
19%
8.0%
13%
16%
16%
14%
16%
14%
16%
11%

Cello World Ltd · CELLO

22%
25%
25%
25%
26%
26%
24%
23%
23%
21%
22%
19%
20%

La Opala RG Ltd · LAOPALA⚠ unverified

30%
39%
41%
36%
40%
39%
36%
37%
41%
39%
38%
31%
37%
32%
28%
35%
37%
39%
37%
36%

Margin change · reported quarter history

Borosil Ltd · BOROLTD

+21.1 pp
+7.5 pp
−2.1 pp
+0.3 pp
−0.1 pp
−7.2 pp
−11.0 pp
−12.1 pp
−2.7 pp
+1.9 pp
+15.0 pp
+2.0 pp
+3.0 pp
0.0 pp
−3.0 pp
+6.0 pp
+3.0 pp
−2.0 pp
0.0 pp
−3.0 pp

Cello World Ltd · CELLO

+3.0 pp
+1.0 pp
−1.0 pp
−2.0 pp
−3.0 pp
−5.0 pp
−2.0 pp
−4.0 pp
−3.0 pp

La Opala RG Ltd · LAOPALA⚠ unverified

+56.7 pp
+9.0 pp
+1.4 pp
+2.0 pp
+10.2 pp
+0.9 pp
−5.3 pp
+0.9 pp
+1.2 pp
−0.4 pp
+2.0 pp
−6.0 pp
−4.0 pp
−7.0 pp
−10.0 pp
+4.0 pp
0.0 pp
+7.0 pp
+9.0 pp
+1.0 pp
08 · compare level, then change

Profit Scale & Acceleration

Cello World Ltd has the highest Net profit among the 3 Opalware companies compared here, at ₹331 crore. La Opala RG Ltd is next at ₹92 crore. Borosil Ltd has the highest Profit growth at 2.7%, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Cello World Ltd leads with ₹331 crore of TTM profit, 259.8% above La Opala RG Ltd. Borosil Ltd shows 2.7% growth from a ₹75 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCello World Ltd · ₹331 crore
Gap259.8% versus #2 · La Opala RG Ltd
Persistence3/8 recent comparable periods
Coverage3/3 companies · 41 observations

Investor read: Cello World Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Cello World Ltd CELLO₹331 Cr
2La Opala RG Ltd LAOPALA⚠ unverified₹92 Cr
3Borosil Ltd BOROLTD₹75 Cr
Profit growthfastest growers
1Borosil Ltd BOROLTD2.7%
2La Opala RG Ltd LAOPALA⚠ unverified-5.2%
3Cello World Ltd CELLO-9.1%
Net profit · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Cello World Ltd CELLO₹90 Cr-6.3%Mar 2026
La Opala RG Ltd LAOPALA⚠ unverified₹16 Cr-38%Mar 2026
Borosil Ltd BOROLTD₹11 Cr0.0%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Borosil Ltd · BOROLTD

₹16 Cr
₹3 Cr
₹6 Cr
₹19 Cr
₹37 Cr
₹5 Cr
₹9 Cr
₹18 Cr
₹35 Cr
₹11 Cr
₹17 Cr
₹23 Cr
₹24 Cr
₹11 Cr

Cello World Ltd · CELLO

₹66 Cr
₹83 Cr
₹87 Cr
₹91 Cr
₹96 Cr
₹89 Cr
₹87 Cr
₹92 Cr
₹96 Cr
₹81 Cr
₹91 Cr
₹69 Cr
₹90 Cr

La Opala RG Ltd · LAOPALA⚠ unverified

₹35 Cr
₹29 Cr
₹29 Cr
₹31 Cr
₹44 Cr
₹24 Cr
₹24 Cr
₹24 Cr
₹23 Cr
₹26 Cr
₹25 Cr
₹27 Cr
₹24 Cr
₹16 Cr

Profit growth · reported quarter history

Borosil Ltd · BOROLTD

131%
67%
50%
-5.3%
-5.4%
120%
89%
28%
-31%
0.0%

Cello World Ltd · CELLO

26%
7.2%
0.0%
1.1%
0.0%
-9.0%
4.6%
-25%
-6.3%

La Opala RG Ltd · LAOPALA⚠ unverified

26%
-17%
-17%
-23%
-48%
8.3%
4.2%
13%
4.4%
-38%
09 · compare level, then change

Return On Capital Employed

Cello World Ltd has the highest ROCE among the 3 Opalware companies compared here, at 17.4%. La Opala RG Ltd is next at 15.3%. La Opala RG Ltd has the highest ROCE change at +0.6 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Cello World Ltd leads ROCE at 17.4%, 2.1 percentage points above La Opala RG Ltd. La Opala RG Ltd has the strongest latest improvement at +0.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderCello World Ltd · 17.4%
Gap13.7% versus #2 · La Opala RG Ltd
PersistenceNot enough history
Coverage3/3 companies · 15 observations

Investor read: Cello World Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Cello World Ltd CELLO17%
2La Opala RG Ltd LAOPALA⚠ unverified15%
3Borosil Ltd BOROLTD12%
ROCE changefastest improvers
1La Opala RG Ltd LAOPALA⚠ unverified+0.6 pp
2Borosil Ltd BOROLTD0.0 pp
3Cello World Ltd CELLO−7.0 pp
Return on capital · company comparison
3/3 level · 3/3 change

Withheld from this chart: Cello World Ltd (CELLO) — its two data sources disagree by up to 9.2% on reported income across 13 comparable periods, so its derived ratios are withheld; Borosil Ltd (BOROLTD) — its two data sources disagree by up to 613% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
La Opala RG Ltd LAOPALA⚠ unverified11%+0.6 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

La Opala RG Ltd · LAOPALA⚠ unverified

12%
14%
17%
18%
15%
19%
13%
17%
12%
15%
10%
16%
11%
16%
11%

ROCE change · reported quarter history

La Opala RG Ltd · LAOPALA⚠ unverified

+5.6 pp
+4.3 pp
−2.5 pp
−5.4 pp
−3.0 pp
−4.0 pp
−2.3 pp
−1.8 pp
−1.0 pp
+0.4 pp
+0.6 pp
10 · compare level, then change

Valuation Against Growth & Quality

No company in this Opalware comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, La Opala RG Ltd is lowest at 21.8×, across 3 of 3 companies with a usable reading. PEG asks what price is being paid for growth; P/E keeps that answer anchored to the actual earnings multiple.

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/3 companies · 0 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
Not enough comparable data
P/Elowest P/E
1La Opala RG Ltd LAOPALA⚠ unverified21.8
2Cello World Ltd CELLO22.5
3Borosil Ltd BOROLTD36.4
Valuation · company comparison
0/3 level · 3/3 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Cello World Ltd CELLO27.6Mar 2026
Borosil Ltd BOROLTD34.6Mar 2026
La Opala RG Ltd LAOPALA⚠ unverified18.7Mar 2026
Full 20-quarter history · every available company

No consistent historical series is available for peg.

P/E · reported quarter history

Borosil Ltd · BOROLTD

49.4
44.1
62.8
49.6
27.6
34.5
33.5
34.0
71.3
78.0
92.8
61.8
55.0
67.2
67.0
58.3
55.5
51.1
39.1
34.6

Cello World Ltd · CELLO

57.7
56.7
54.2
54.4
47.9
34.8
38.8
38.0
35.8
27.6

La Opala RG Ltd · LAOPALA⚠ unverified

59.7
52.8
57.8
45.5
31.4
36.0
36.7
32.1
39.0
36.3
33.3
24.8
27.9
31.5
30.7
24.9
29.6
27.5
22.4
18.7
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Opalware comparison names 7 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 2 have second-feed figures withheld because the two sources disagree.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • 2 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 Opalware companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing0 cross-checked · 1 unverified · 2 withheld, of 3 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Opalware company comparison FAQs

These 21 answers restate the Opalware comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Opalware sector outperforming NIFTY 500?

Opalware has underperformed NIFTY 500 by 41.1% over 52 weeks and 7.8% over 13 weeks. 0 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself.

Which Opalware company is largest by revenue?

Cello World Ltd leads with revenue of ₹2,324 crore, based on 3 of 3 comparable companies through Mar 2026.

Which Opalware company is growing fastest?

Cello World Ltd has the fastest current revenue growth at 8.8%, across 3 of 3 comparable companies.

Which Opalware company has the strongest 4-Factor Sector Score?

La Opala RG Ltd ranks first at 50.3/100 with 78% evidence confidence. The score prioritizes research; it is not a buy recommendation.

How much history does this Opalware comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Opalware index?

The Nifty Opalware index tracks India's listed Opalware companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Opalware sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Opalware stocks in India?

Ranked by this page's four-factor score, La Opala RG Ltd places first among 3 listed Opalware companies, followed by Cello World Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Opalware stocks are listed in India?

This comparison covers 3 listed Opalware companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which Opalware company is the biggest?

Cello World Ltd is the largest, with trailing-twelve-month revenue of ₹2,324 crore, ahead of Borosil Ltd at ₹1,196 crore. That covers 3 of 3 companies with comparable reporting through Mar 2026.

Which Opalware company has the best profit margins?

La Opala RG Ltd has the highest operating margin at 36%, from 3 of 3 comparable companies. La Opala RG Ltd shows the biggest recent improvement, at +1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Opalware company makes the most profit?

Cello World Ltd earns the most, at ₹331 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. Borosil Ltd has the fastest profit growth at 2.7%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Opalware company earns the highest return on capital?

Cello World Ltd leads on return on capital employed at 17.4%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Is the Opalware sector beating the market?

Opalware has underperformed NIFTY 500 by 41.1% over the last 52 weeks and 7.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Opalware stock has the strongest price momentum?

La Opala RG Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Opalware company scores highest for research priority?

La Opala RG Ltd scores 50.3 out of 100 with 78% evidence confidence, from 12.1 points on growth and earnings, 15.1 on capital efficiency, 12.9 on valuation and 10.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Opalware companies does this comparison cover, and over what period?

It compares 3 listed companies over up to 20 reported quarters of fundamentals, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Opalware sector?

The 3 Opalware companies on this page carry ₹12,457 crore of combined market value. Cello World Ltd is the largest at ₹7,583 crore, about 61% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the Opalware sector performing?

0 of the 3 covered Opalware companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 41.1% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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