Bright Outdoor Media Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 13, 2025, 11:21 am

Market Cap	643 Cr.
Current Price	442
High / Low	550/381
Stock P/E	30.6
Book Value	106
Dividend Yield	0.11 %
ROCE	15.1 %
ROE	13.1 %
Face Value	10.0
PEG Ratio	0.65

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Bright Outdoor Media Ltd

Competitors of Bright Outdoor Media Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Bright Outdoor Media Ltd	643 Cr.	442	550/381	30.6	106	0.11 %	15.1 %	13.1 %	10.0
Industry Average	643.00 Cr	442.00		30.60	106.00	0.11%	15.10%	13.10%	10.00

All Competitor Stocks of Bright Outdoor Media Ltd

Quarterly Result

Metric	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
Sales	36	45	47	41	65	57
Expenses	31	38	41	36	48	44
Operating Profit	4	7	5	5	17	13
OPM %	13%	15%	11%	13%	26%	22%
Other Income	0	0	0	0	0	0
Interest	2	1	1	0	0	0
Depreciation	0	0	0	0	1	1
Profit before tax	3	6	4	6	16	12
Tax %	27%	25%	27%	25%	26%	25%
Net Profit	2	4	3	4	12	9
EPS in Rs	2.27	4.11	2.12	3.02	8.14	6.28

Last Updated: January 5, 2025, 8:30 am

Below is a detailed analysis of the quarterly data for Bright Outdoor Media Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Sales, as of Sep 2024, the value is ₹57.00 Cr.. The value appears to be declining and may need further review. It has decreased from 65.00 Cr. (Mar 2024) to ₹57.00 Cr., marking a decrease of 8.00 Cr..
For Expenses, as of Sep 2024, the value is ₹44.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 48.00 Cr. (Mar 2024) to ₹44.00 Cr., marking a decrease of 4.00 Cr..
For Operating Profit, as of Sep 2024, the value is ₹13.00 Cr.. The value appears to be declining and may need further review. It has decreased from 17.00 Cr. (Mar 2024) to ₹13.00 Cr., marking a decrease of 4.00 Cr..
For OPM %, as of Sep 2024, the value is 22.00%. The value appears to be declining and may need further review. It has decreased from 26.00% (Mar 2024) to 22.00%, marking a decrease of 4.00%.
For Other Income, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Interest, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Depreciation, as of Sep 2024, the value is ₹1.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 1.00 Cr..
For Profit before tax, as of Sep 2024, the value is ₹12.00 Cr.. The value appears to be declining and may need further review. It has decreased from 16.00 Cr. (Mar 2024) to ₹12.00 Cr., marking a decrease of 4.00 Cr..
For Tax %, as of Sep 2024, the value is 25.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Mar 2024) to 25.00%, marking a decrease of 1.00%.
For Net Profit, as of Sep 2024, the value is ₹9.00 Cr.. The value appears to be declining and may need further review. It has decreased from 12.00 Cr. (Mar 2024) to ₹9.00 Cr., marking a decrease of 3.00 Cr..
For EPS in Rs, as of Sep 2024, the value is 6.28. The value appears to be declining and may need further review. It has decreased from ₹8.14 (Mar 2024) to 6.28, marking a decrease of ₹1.86.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 1:42 pm

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	71	24	50	92	107	123
Expenses	64	19	44	79	84	93
Operating Profit	6	5	7	12	23	30
OPM %	9%	20%	13%	13%	21%	24%
Other Income	1	1	0	0	1	1
Interest	5	4	3	3	1	0
Depreciation	0	0	0	0	1	2
Profit before tax	2	1	4	10	22	28
Tax %	24%	27%	27%	26%	26%
Net Profit	2	1	3	7	16	21
EPS in Rs	3.38	2.09	2.56	5.10	11.02	14.42
Dividend Payout %	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-50.00%	200.00%	133.33%	128.57%
Change in YoY Net Profit Growth (%)	0.00%	250.00%	-66.67%	-4.76%

Bright Outdoor Media Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2020-2021 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	64%
TTM:	40%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	147%
TTM:	193%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	0%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	11%
Last Year:	13%

Last Updated: Unknown

Balance Sheet

Last Updated: January 13, 2025, 2:05 pm

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	5	5	10	14	15	15
Reserves	28	29	27	85	132	140
Borrowings	52	48	41	34	13	4
Other Liabilities	16	15	17	22	27	27
Total Liabilities	101	97	94	155	187	186
Fixed Assets	4	4	4	4	15	19
CWIP	0	0	0	0	0	0
Investments	0	0	0	0	0	0
Other Assets	97	92	90	151	171	166
Total Assets	101	97	94	155	187	186

Below is a detailed analysis of the balance sheet data for Bright Outdoor Media Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹15.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹15.00 Cr..
For Reserves, as of Sep 2024, the value is ₹140.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹132.00 Cr. (Mar 2024) to ₹140.00 Cr., marking an increase of 8.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹4.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from ₹13.00 Cr. (Mar 2024) to ₹4.00 Cr., marking a decrease of 9.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹27.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹27.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹186.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹187.00 Cr. (Mar 2024) to ₹186.00 Cr., marking a decrease of 1.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹19.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹15.00 Cr. (Mar 2024) to ₹19.00 Cr., marking an increase of 4.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹166.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹171.00 Cr. (Mar 2024) to ₹166.00 Cr., marking a decrease of 5.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹186.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹187.00 Cr. (Mar 2024) to ₹186.00 Cr., marking a decrease of 1.00 Cr..

Notably, the Reserves (₹140.00 Cr.) exceed the Borrowings (4.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	1	6	7	-12	-18
Cash from Investing Activity +	1	1	0	-19	8
Cash from Financing Activity +	-3	-7	-7	62	11
Net Cash Flow	-1	0	-0	31	1

Free Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-46.00	-43.00	-34.00	-22.00	10.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	238	633	264	183	214
Inventory Days
Days Payable
Cash Conversion Cycle	238	633	264	183	214
Working Capital Days	399	1,132	499	298	341
ROCE %		6%	9%	12%	15%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Sep 2023	Mar 2024	Sep 2024
Promoters	72.72%	72.72%	72.72%	69.76%
FIIs	0.00%	7.04%	7.18%	7.86%
Public	27.29%	20.24%	20.10%	22.38%
No. of Shareholders	423	384	814	715

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 20
FaceValue	10.00
Basic EPS (Rs.)	1.93
Diluted EPS (Rs.)	1.93
Cash EPS (Rs.)	4.94
Book Value[Excl.RevalReserv]/Share (Rs.)	62.26
Book Value[Incl.RevalReserv]/Share (Rs.)	68.36
Revenue From Operations / Share (Rs.)	160.45
PBDIT / Share (Rs.)	15.76
PBIT / Share (Rs.)	15.18
PBT / Share (Rs.)	5.85
Net Profit / Share (Rs.)	4.36
NP After MI And SOA / Share (Rs.)	3.86
PBDIT Margin (%)	9.82
PBIT Margin (%)	9.46
PBT Margin (%)	3.64
Net Profit Margin (%)	2.71
NP After MI And SOA Margin (%)	2.40
Return on Networth / Equity (%)	6.31
Return on Capital Employeed (%)	12.52
Return On Assets (%)	1.84
Long Term Debt / Equity (X)	0.86
Total Debt / Equity (X)	1.68
Current Ratio (X)	2.24
Quick Ratio (X)	1.68
Interest Coverage Ratio (X)	1.69
Interest Coverage Ratio (Post Tax) (X)	1.47

After reviewing the key financial ratios for Bright Outdoor Media Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 20, the value is 10.00. This value is within the healthy range. No previous period data is available for comparison.
For Basic EPS (Rs.), as of Mar 20, the value is 1.93. This value is below the healthy minimum of 5. No previous period data is available for comparison.
For Diluted EPS (Rs.), as of Mar 20, the value is 1.93. This value is below the healthy minimum of 5. No previous period data is available for comparison.
For Cash EPS (Rs.), as of Mar 20, the value is 4.94. This value is within the healthy range. No previous period data is available for comparison.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 20, the value is 62.26. No previous period data is available for comparison.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 20, the value is 68.36. No previous period data is available for comparison.
For Revenue From Operations / Share (Rs.), as of Mar 20, the value is 160.45. No previous period data is available for comparison.
For PBDIT / Share (Rs.), as of Mar 20, the value is 15.76. This value is within the healthy range. No previous period data is available for comparison.
For PBIT / Share (Rs.), as of Mar 20, the value is 15.18. This value is within the healthy range. No previous period data is available for comparison.
For PBT / Share (Rs.), as of Mar 20, the value is 5.85. This value is within the healthy range. No previous period data is available for comparison.
For Net Profit / Share (Rs.), as of Mar 20, the value is 4.36. This value is within the healthy range. No previous period data is available for comparison.
For NP After MI And SOA / Share (Rs.), as of Mar 20, the value is 3.86. This value is within the healthy range. No previous period data is available for comparison.
For PBDIT Margin (%), as of Mar 20, the value is 9.82. This value is below the healthy minimum of 10. No previous period data is available for comparison.
For PBIT Margin (%), as of Mar 20, the value is 9.46. This value is below the healthy minimum of 10. No previous period data is available for comparison.
For PBT Margin (%), as of Mar 20, the value is 3.64. This value is below the healthy minimum of 10. No previous period data is available for comparison.
For Net Profit Margin (%), as of Mar 20, the value is 2.71. This value is below the healthy minimum of 5. No previous period data is available for comparison.
For NP After MI And SOA Margin (%), as of Mar 20, the value is 2.40. This value is below the healthy minimum of 8. No previous period data is available for comparison.
For Return on Networth / Equity (%), as of Mar 20, the value is 6.31. This value is below the healthy minimum of 15. No previous period data is available for comparison.
For Return on Capital Employeed (%), as of Mar 20, the value is 12.52. This value is within the healthy range. No previous period data is available for comparison.
For Return On Assets (%), as of Mar 20, the value is 1.84. This value is below the healthy minimum of 5. No previous period data is available for comparison.
For Long Term Debt / Equity (X), as of Mar 20, the value is 0.86. This value is within the healthy range. No previous period data is available for comparison.
For Total Debt / Equity (X), as of Mar 20, the value is 1.68. This value exceeds the healthy maximum of 1. No previous period data is available for comparison.
For Current Ratio (X), as of Mar 20, the value is 2.24. This value is within the healthy range. No previous period data is available for comparison.
For Quick Ratio (X), as of Mar 20, the value is 1.68. This value is within the healthy range. No previous period data is available for comparison.
For Interest Coverage Ratio (X), as of Mar 20, the value is 1.69. This value is below the healthy minimum of 3. No previous period data is available for comparison.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 20, the value is 1.47. This value is below the healthy minimum of 3. No previous period data is available for comparison.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bright Outdoor Media Ltd as of March 13, 2025 is: ₹340.30

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 13, 2025, Bright Outdoor Media Ltd is Overvalued by 23.01% compared to the current share price 442.00

Intrinsic Value of Bright Outdoor Media Ltd as of March 13, 2025 is: 500.76

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 13, 2025, Bright Outdoor Media Ltd is Undervalued by 13.29% compared to the current share price 442.00

Last 5 Year EPS CAGR: 47.15%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (73.50 cr) compared to borrowings (32.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (77.83 cr) and profit (11.17 cr) over the years.	The stock has a low average ROCE of 8.40%, which may not be favorable. The stock has a high average Working Capital Days of 307.60, which may not be favorable. The stock has a high average Cash Conversion Cycle of 306.40, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bright Outdoor Media Ltd:
1. Net Profit Margin: 2.71%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 12.52% (Industry Average ROCE: 15.1%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 6.31% (Industry Average ROE: 13.1%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.47
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.68
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 30.6 (Industry average Stock P/E: 30.6)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.68
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Bright Outdoor Media Ltd. is a Public Limited Listed company incorporated on 29/09/2005 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L74300MH2005PLC156444 and registration number is 156444. Currently Company is involved in the business activities of Advertising and market research. Company's Total Operating Revenue is Rs. 106.68 Cr. and Equity Capital is Rs. 14.55 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Advertising & Media Agency	801, 8th Floor, Crescent Tower, Mumbai Maharashtra 400053	investor@brightoutdoor.com http://www.brightoutdoor.com

Management
Name	Position Held
Mr. Yogesh Jiwanlal Lakhani	Chairman & Managing Director
Mr. Jagruti Yogesh Lakhani	Whole Time Director
Mr. Ameet Kumar Vilaschandra Mehta	Ind. Non-Executive Director
Mr. Bhavesh Kirti Mathuria	Ind. Non-Executive Director
Mr. Roshan Suresh Oswal	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of Bright Outdoor Media Ltd?

The latest intrinsic value of Bright Outdoor Media Ltd as on 13 March 2025 is 340.30, which is 23.01% lower than the current market price of ₹442.00, indicating the stock is overvalued by 23.01%. The intrinsic value of Bright Outdoor Media Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹643 Cr. and recorded a high/low of ₹550/381 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹140 Cr and total liabilities of ₹186 Cr.

What is the Market Cap of Bright Outdoor Media Ltd?

The Market Cap of Bright Outdoor Media Ltd is 643 Cr..

What is the current Stock Price of Bright Outdoor Media Ltd as on 13 March 2025?

The current stock price of Bright Outdoor Media Ltd as on 13 March 2025 is ₹442.

What is the High / Low of Bright Outdoor Media Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Bright Outdoor Media Ltd stocks is ₹550/381.

What is the Stock P/E of Bright Outdoor Media Ltd?

The Stock P/E of Bright Outdoor Media Ltd is 30.6.

What is the Book Value of Bright Outdoor Media Ltd?

The Book Value of Bright Outdoor Media Ltd is 106.

What is the Dividend Yield of Bright Outdoor Media Ltd?

The Dividend Yield of Bright Outdoor Media Ltd is 0.11 %.

What is the ROCE of Bright Outdoor Media Ltd?

The ROCE of Bright Outdoor Media Ltd is 15.1 %.

What is the ROE of Bright Outdoor Media Ltd?

The ROE of Bright Outdoor Media Ltd is 13.1 %.

What is the Face Value of Bright Outdoor Media Ltd?

The Face Value of Bright Outdoor Media Ltd is 10.0.